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Wednesday, January 21, 2004

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INDUSTRY & ECONOMY

ECONOMY
DSP Merrill raises GDP estimate
DSP Merrill Lynch Ltd has said that it has raised its GDP estimate for India to 8 per cent from 7.3 per cent for 2003-2004 and to 7.3 per cent for 2004-2005 from the earlier estimate of 6.3 per cent. The financial services company's optimism ... More

NCAER raises GDP forecast to 8 pc
THE National Council of Applied Economic Research (NCAER) has revised its forecast of gross domestic product (GDP) growth from 6.98 per cent it made in October 2003 to 8 per cent during the current fiscal year because of "perceptible change" both ... More

BRIC report: Many ifs and buts qualify forecast
THE BRIC report is now constantly quoted as a validation of India's emerging economic prowess. The Goldman Sachs report on Brazil, Russia, India and China (BRIC) states that India will be the third largest economy, after the US and China by ... More

Kerala business meet to focus on manufacturing sector
KERALA will showcase its manufactured products and raw material requirements at a business meet to be organised between February 19 and 21 at Kochi. The event will highlight 10 areas of manufacturing that are unique to Kerala and in which it ... More

  • CAG to visit Hyderabad today

    FOREIGN TRADE
    PM for making North-East as bridge to SE Asia
    THE North-Eastern region could become an economic bridge-head for trade with South-East Asian countries by using its locational advantage, the Prime Minister, Mr Atal Bihari Vajpayee, said on Tuesday. "India is working actively to promote ... More

    New York's ICSC setting up shop in India
    EVEN as the debate over allowing foreign direct investment (FDI) in the retail sector remains, here's another fillip to the industry. The International Council of Shopping Centres (ICSC), New York, is officially setting operations in India. ... More

    `Trade barriers in developing nations must be lowered'
    THE International Chamber of Commerce wants India to take a leadership role in getting the developing countries to negotiate for lowering the trade barriers that exists between them. "Trade barriers between developing countries are extremely ... More

    HEALTH
    Andropause worries dog Delhi males
    THE travails of modern lifestyle and the ageing process are found to take their toll on young male in Delhi faster that it affects his counterpart in Mumbai, Kolkata and Chennai. And while a healthy lifestyle holds the only key to delaying the ... More

    NRI doctors to help conduct medical camps
    THE President of Telugu Association of North America (TANA), Dr Navneeth Krishna, today said medical camps could be organised in Government Hospitals in Andhra Pradesh in collaboration with doctors of Indian origin working in the US. TANA is ... More

    PHARMACEUTICALS
    Esperion drug for heart syndrome soon
    IN a small village near Milan in Italy, the incidence of Acute Coronary Syndrome (ACS), a form of heart problem, is virtually absent among the people. One of the reasons ascribed by scientists is that a specific gene in them, perhaps, helps ... More

    Rs 150-crore pharma fund fails to impress industry
    FOUR years after it was announced, the Rs 150-crore Pharmaceutical Research and Development Support Fund finally looks set to get off the blocks. And while the Department of Science and Technology (DST) feels that it is better late than never, ... More

    STEEL
    Foundry units in tight spot over rise in pig iron prices
    NOTWITHSTANDING the steep rise in the prices of pig iron over the last 12 months, the sudden upswing in prices between December 2003 and January 2004 has come as a rude shock to the foundry sector. Unable to withstand the onslaught of rising ... More

    TAXATION
    FKCCI calls for educating industry on VAT
    THE Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has called for educating trade and industry on the advantages of the value-added tax. In its pre-Budget memorandum addressed to the Chief Minister, Mr S.M. Krishna, the ... More

    TEXTILES
    Excise exemption for in-house consumed yarns, fabrics
    FOR a sector that is yet to fully emerge from recession and not provided any specific sops in the Mini Budget, here is some cause for cheer. In a move expected to benefit not just large mills but also small textile processors in centres such ... More

    RADIO/TV
    Broadcasters want market to decide channel prices, ads
    NOT happy about being left out during the consultation process, the broadcasters under the aegis of the Indian Broadcasting Foundation (IBF) have decided to ask the Telecom Regulatory Authority of India (TRAI) to look into issues relating to ... More

    GEMS & JEWELLERY
    Dubai to host World Diamond Council meet
    The third annual meeting of the World Diamond Council will be held in Dubai in late March. It will be hosted by the Dubai Metals and Commodities Centre (DMCC). About 60 delegates, including Mr Eli Izhakoff, Chairman and CEO of the World Diamond ... More

    INDUSTRY ASSOCIATIONS
    Chamber to help investors set up units in Korba district
    THE Korba Chamber of Commerce & Industries (KCCI) has volunteered to play the role of facilitator to prospective investors who would like to invest in Korba district of Chhattisgarh. The chamber will provide all assistance to investors with ... More

    Plea for passport office in Mangalore
    MANGALORE: The Kanara Chamber of Commerce and Industry (KCCI) has requested the Union Government to set up a full-fledged passport office in Mangalore. Addressing presspersons here on Tuesday, the KCCI President, Mr R.D. Kini, stated ... More

    BIO-TECH & GENETICS
    Biotech research school coming up in rural Maharashtra
    The Rs 10-crore school is expected to take the benefits of research and development in biotechnology to the rural heartlands of India. More

    EVENTS
    Kerala and the World Social Forum
    AS the ongoing World Social Forum (WSF) at the sprawling NESCO grounds in Mumbai's Goregaon suburb draws to a grand close on Wednesday, nearly 100,000 men, women and youth will be packing their bags to return to the 132 countries they came ... More

    Workshop on `family business' in Kochi
    KOCHI: CII-Kerala is organising a one-day workshop on `family business' here on Saturday. The objective of the workshop is to discuss some of the critical aspects of family business such as mentoring of younger generation, building of ... More

    EXPORTS & IMPORTS
    Defence equipment export potential seen at Rs 20,000 cr
    IN the next three years, India should have an export target of Rs 1,000 crore in the defence equipment segment, according to Defence Minister Mr George Fernandes. Speaking at the Shri Ram Memorial lecture organised by PHD Chamber of Commerce ... More

    NATURAL CALAMITIES
    Rice for drought-hit dists in Kerala
    THIRUVANANTHAPURAM: The Government has sanctioned 25,000 tonnes of rice to seven drought-hit districts in Kerala, according to an official release. The rice will be released under the aegis of the `food-for-work' scheme. Kannur, ... More

    ECONOMIC OFFENCES

  • I-T official held for graft



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    Top Stories
    Japan, Taiwan, France are good bets, says Nasscom


    Banking stocks tumble on expectation of weak results

    Fresh peak seen in gold during H1

    NCAER raises GDP forecast to 8 pc

    PM for making North-East as bridge to SE Asia

    Air India plans to fly to Los Angeles, Alitalia Delhi-Milan

    Merits of good microeconomics — India proves Porter right

    Looking back
    Jan. 11-Jan. 17
    PTC to float public offer soon

    BIS clamps down on bottled water plants; cos contest charge

    `Diversion' of sugar to domestic market — Maharashtra told to take action against defaulting exporters

    CMIE raises GDP forecast to 8.2 pc

    NGO motivates youth to explore job opportunities in villages

    India among top Asian nations in C&S industry

    Small hospitals want to be rated big

    Desi STB makers in a fix over customs duty

    Gem & jewellery exports rise by 22.26 pc

    Car sales up 26 pc in April-Dec

    Interest from 8 pc taxable savings bond exempted from TDS

    New road project to connect all major cities


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