INDUSTRY & ECONOMY
Mercedes hits the road on biodiesel
TOUR of India, the first phase of DaimlerChrysler India Ltd's cross-country drive with the Mercedes Benz C Class running on biodiesel generated from Jatropha plants, was flagged off here on Monday. The 5,000-km drive will cover hard terrain, ...
Dumping duty on Chinese melamine
THE Finance Ministry has imposed provisional anti-dumping duty on all imports of melamine from China. Gujarat State Fertilisers and Chemicals Ltd, Vadodara, had filed the petition seeking anti-dumping probe on melamine imports from China. ...
Water levels dip in reservoirs Situation not encouraging in the South
THIS is one variable that could have a bearing on the course of the economy in the months to come: water levels in major reservoirs. The country may have received good monsoons in 2003, which has helped its farm sector recover from the ...
S&P lauds overall economic growth; worried at deficit
STANDARD and Poor's (S&P), the credit rating company, on Monday lauded the country's overall economic growth and external sector performance, even while expressing concern over the finances of the Centre and State Governments. The agency's ...
RBI keen to dissuade banks from high recourse to LAF MSBs to absorb FDI-induced liquidity
AS the Reserve Bank of India releases the first set of market stabilisation bonds of Rs 5,000 crore tomorrow, the central bank expects lower amount of surplus funds to be absorbed through the LAF (liquidity adjustment facility) window. The recent ...
Leading citizens form AP `Forum for Development'
IN what could be a first of its kind development in the country during the election period, over 50 leading citizens from various walks of life, mostly from the corporate houses, belonging to Andhra Pradesh have come together under the banner of ...
Economy poised for higher growth: Jaswant
THE Indian economy is poised to achieve higher growth rates in the coming years what with a growth pattern having been established, according to the Union Finance Minister, Mr Jaswant Singh. "The country will reach double-digit growth in ...
EXCISE AND CUSTOMS
Mysore zone posts 103.28% jump in service tax collection
The zone has detected tax evasion of Rs 89 crore. Of this, Rs 5.4 crore has been realised, and other cases are under investigation and adjudication.
World trade may rise 7.5 pc: WTO economists
GOADED by higher than expected economic growth in Asia and the US, world trade recovered at an increased rate in 2003 and could expand further in 2004 if the global economy continues to improve, according to the World Trade Organisation ...
NGO opposes EMR for Bayer's Gatifloxacin
CAMPAIGNERS for affordable medicines have now trained their guns on Bayer's antibiotic drug gatifloxacin, sold under the Tequin brand name. Bayer has sought an exclusive marketing right (EMR) for gatifloxacin and the application lies at the ...
To gain in a postive environment Hoteliers believe in having good contacts with counterparts
THE metros have seen a number of five-star hotel properties open their doors over the past couple of years, and the season commencing from last October has been one of the best in the recent years for many of the new entities. And, while all ...
Cenvat: Powerloom bodies threaten to swarm ballot
The Tamil Nadu Federation of the Powerloom Weavers' Associations has asked their members to field 500 candidates on behalf of the weavers' associations in Tiruchengodu Lok Sabha constituency.
Govt must protect SSIs from rising steel prices: Tanstia
THE prices of iron, steel and other metallic raw materials continue to rise because the manufacturers are not passing on the benefits of Centre's concessions - aimed at dampening prices - to the small-scale sector, according to the Tamil ...
Coke offers to supply water at Plachimada
COCA-COLA, caught in a controversy over its use of groundwater at Plachimda in Palakkad district, has offered to supply drinking water to people around the plant if it is allowed to function. In its submission to the State Government, Coke has ...
Kerala unveils Net-based IT training programme
IN an attempt to improve the `employability' of Kerala's graduates, the State's Department of Higher Education has launched an Internet-based assessment and training programme. Called the Kerala Employability Enhancement Resources Programme ...
Institution of Engineers offers computer training for students
Datla is Chairman CII (AP)
HYDERABAD:Mr Ramesh Datla, Managing Director of Elico Ltd, and Mr Mahendra Kumar Patodia, Managing Director of GTN Textiles Ltd, have been elected Chairman and Vice-Chairman respectively of Confederation of Indian Industry's (CII) Andhra ...
Big take: Hindi films for Pakistan
``The Indian film industry is ready. It is now up to the Pakistani industry to act.''
`Keep a watch on WTO textile agreement implementation'
THE International Textile and Clothing Bureau (ITCB) has asked developing country members to maintain focus on "full and faithful implementation" of the Agreement on Textiles and Clothing, besides being vigilant to disguised form of protectionism ...
SEZ scheme implementation deferred by a month
THE Finance Ministry has yet again postponed the implementation of the much-touted `Special Economic Zone' (SEZ) scheme by a month. The Revenue Department has now specified that the customs duty exemption on imports made by a SEZ developer or ...
TRADE & LABOUR UNIONS
Strike hits Kinfra park at Thumba
THE sudden strike by trade unions demanding loading and unloading rights has hit the functioning of the Kinfra International Apparel Park at Thumba near here. The strike launched on Saturday has brought the operations at 25 units in the park to ...
India Property Fair in Kuwait this month
HI-Tours, a destination marketing and MICE (meetings, incentives, conferences and exhibitions) marketing company with offices in Chennai and New Delhi, has been appointed as the marketing agency for the India Property Fair to be held in Kuwait on ...
Refractories urged to focus on hot repair products
DOMESTIC refractories should upgrade their technologies and focus on the manufacture of special monolithic products and hot repair products, likely to be in demand in future, as they consume less energy and are easier to maintain, Mr B.K. Panda, ...
Kinfra interactive session
KOCHI: The Kerala Industrial Infrastructure Development Corporation (Kinfra), in association with KSIDC and KEREXIL, is organising an interactive session with Dr Andrea Bonardi, Secretary General of the Indo-Italian Chamber of Commerce and ...
I-T clarification on tax holiday benefits
THE Finance Ministry has clarified that the income-tax provision (Sec 10A(9)) requiring denial of Section 10A tax holiday benefits on account of the transfer of ownership in an undertaking should not be applied for those cases where the transfer ...
EXPORTS & IMPORTS
Govt puts off implementation of plant quarantine order to June 1
BOWING to demand from importers, especially of pulses, the Government has decided to put off the implementation of the Plant Quarantine (Regulation of Import into India) Order 2004 until June 1. The order was to have come into effect from the ...
Nabard to give thrust to rural tourism in Karnataka
THE National Bank for Agriculture and Rural Development (Nabard) plans to help rural tourism in Karnataka gain momentum with a proposal to extend financial assistance from the current fiscal. The refinance agency, which had held discussions ...
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