INDUSTRY & ECONOMY
CLIMATE & WEATHER
Kerala all-party meet seeks more drought relief
AN all-party meeting called by the State Government has declared that Kerala has not received sufficient Central assistance to combat the drought confronting the State. Addressing a press conference after the meeting, the Chief Minister, Mr A.K. ...
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Kerala defers recoveries on farm loans
THE State Government has decided to defer revenue recovery proceedings on farm loans for a period of six months in view of the plight of farmers hit hard by the drought conditions prevailing in the State. Various organisations of farmers have ...
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Summer showers likely by next week in Kerala
WEATHER records of the past three years seem to suggest that summer showers will not break until early next week in the State, which is going through possibly the worst drought-like conditions to precede the season. Summer rains are a purely ...
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P.C. Thomas denies charge on drought relief
KOCHI: The Union Minister of State for Law, Mr P.C. Thomas, has accused the Revenue Department of withholding of all the funds allotted for drought relief by the Centre to the State. He denied the allegations that the State was not allowed ...
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ANTI-DUMPING
Dumping duty on Chinese melamine mooted
THE Designated Authority in the Commerce Ministry has recommended imposing preliminary anti-dumping duty on melamine from China. The non-toxic substance, reacted with formaldehyde, has a number of uses in downstream products. In response to a ...
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ECONOMY
`Indian reforms on right track'
THE French Minister for Industry, Energy and Telecommunications, Ms Nicole Fontaine, has said that the economic reforms initiated by the Indian Government were on the right track and would eventually lead to an "economic boom". Addressing a ...
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Kelkar to head panel on economy
THE Government today decided to set up a panel under Mr Vijay Kelkar, Advisor to Finance Minister, which will prepare a quarterly review of the economy as mandated under the Fiscal Responsibility and Budget Management Act (FRBM). The panel ...
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ENGINEERING
TUFS for engineering industry mooted
A SUGGESTION to the Central Government to formulate a technology upgradation fund scheme (TUFS) for the engineering industry on the lines of a similar one for the textile industry has been made by the Engineering Export Promotion Council ...
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HEALTH
Apollo Clinic unveils programme for asthma patients
APOLLO Clinic, a part of the Apollo Group, has launched BreatheEazy, the country's first international guidelines' defined and outcome-oriented disease management programme for asthma patients. The programme will be available for both adults and ...
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EAN takes barcoding to health sector
EAN India Ltd, the organisation under the Ministry of Commerce, responsible for the barcoding standards that go onto products, plans a drive to extend barcodes to the health sector. To begin with, it will target the management of blood banks. ...
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CII's healthcare task force unveils Web site
THE Healthcare Task Force of CII (Karnataka) has launched a Web site that gives a comprehensive list and contact details of major healthcare services. The Web site, www.healthbangalore.org, includes ...
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PETROLEUM
Global crude oil prices may stay high
GLOBAL crude oil prices are forecast to remain high in the short term on low stocks and the Organisation of Petroleum Exporting Countries (OPEC) decision to cut supply. But succour may be at hand from non-OPEC nations raising their production ...
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POWER
To meet shortfall during summer AP to spend Rs 2 cr per day on power purchase
THE State Government will have to spend Rs 2 crore per day during the coming summer months to bridge the shortfall in power supply to domestic consumers, agriculture and industry. As it is expected to cost the exchequer between Rs 150 and 200 ...
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APERC notifies regulation
THE Andhra Pradesh Electricity Regulatory Commission (APERC) has notified the regulation specifying that it is the duty of the power distribution licensees in the State to supply electricity "on request". The regulation would come into force from ...
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RUBBER
Rubber dealers' meet in Kottayam
KOTTAYAM: A meeting of the rubber dealers in the State supplying rubber to J.K. Tyres and Ceat Ltd will be held at Rubber Bhavan, Kottayam on March 13 at 3.30 p.m. to discuss the stoppage of hundi business from April 1, a press release ...
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STEEL
Secondary steel producers move PMO on prices
STUNG by spiralling prices of hot rolled (HR coil) steel, the secondary steel producers have sought the intervention of the Prime Minister's Office to reduce import duties and check domestic prices. "The persuasive measures taken by the ...
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Steel PSUs eyeing coal blocks abroad
IN an effort to ensure long-term coal supply, public sector steel companies are looking at overseas coal blocks and may go in for their own mining in future. For the same purpose, the companies are also contemplating joint ventures with Coal ...
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TEXTILES
IDBI mulls $500-m ECB for textile units' package
INDUSTRIAL Development Bank of India is considering another $500 million external commercial borrowing for funding the textile-restructuring package. The development financial institution had raised $300 million just last month for the ...
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WATER
A familiar sight
The western areas of Kochi and near-by islands in the backwaters are facing acute shortage of drinking water. The irate islanders are on the warpath, demanding regular supply of potable water. ...
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RADIO/TV
Indo-Pak series: Madras HC asks if ordinance is possible
THE First Bench of the Madras High Court on Wednesday wanted to know if it was possible for the Central Government to promulgate an ordinance to protect the rights of the national broadcaster, Prasar Bharati. It was hearing two public interest ...
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Minister discusses cricket telecast issue with PM
WITH Ten Sports firm on retaining exclusivity to the Indo-Pak cricket matches, the Information and Broadcasting (I&B) Minister, Mr Ravi Shankar Prasad, today met the Prime Minister, Mr Atal Bihari Vajpayee, to devise ways and means of widening ..
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EDUCATION
Fee cut issue: HRD Ministry may dismiss IIMA Society
THE Indian Institute of Management, Ahmedabad (IIMA) Society, arguably the legal owner of the IIMA, is facing the threat of dismissal by the Union Ministry of Human Resource Development (HRD). At a meeting here on Tuesday, the Ministry ...
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CUSAT to showcase 36 courses at UGC fair in US
THE Cochin University of Science and Technology (CUSAT) has proposed 36 new short-term courses for participation in the educational fair organised by the University Grants Commission (UGC) as part of its Promotion of Higher Education Abroad ...
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ELECTRICAL GOODS
Fake Duracell batteries seized
INDUSTRY ASSOCIATIONS
CII plans `branding' of cities, towns
THE Confederation of Indian Industry (CII) is planning of `branding of cities and towns' according to their strengths to provide a more focused approach to their development, according to Mr Arun Jain, Chairman, CII-Tamil Nadu. On a visit to ...
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MINING & QUARRYING
Lift ban, demand clay miners in Kerala
THIRUVANANTHAPURAM: The Kerala China Clay Mine Owners' Association has demanded of the State Government to lift the ban on mining of clay from the neighbouring Mangalapuram village. The ban was imposed on the face of popular outcry that ...
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DISINVESTMENT
Strategic sales, public offers can co-exist: Shourie
THE Disinvestment Minister, Mr Arun Shourie, has said that both strategic sales and public offer routes for selling Government's equity in state-owned companies can co-exist. "One cannot say strategic sale versus public issue...Why can't both ...
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SMALL SAVINGS
NSS funds mobilisation rises in Kerala
THIRUVANANTHAPURAM: The Finance Minister, Mr K. Sankaranarayanan, has said that aggregate deposits amounting to Rs 3,440 crore have been mobilised until January 31, 2004, under the National Savings Scheme. This is Rs 1,136 core more than ...
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EVENTS
In Hyderabad today
INCOME TAX
Multiple service provider: Delay in filing of returns attracts only one penalty
THE Central Board of Excise and Customs (CBEC) has said that only one penalty can be imposed for delay in filing of return by an assessee who provides more than one taxable service. The board has in a circular clarified that "as per statutory ...
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EXPORTS & IMPORTS
Australia bullish on more wine exports to India
DESPITE higher customs duties and complicated licensing regime in India, Australia is optimistic on increasing wine exports to New Delhi. ``We are incredibly optimistic about India. We see quite exciting prospects and good opportunities for ...
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