INDUSTRY & ECONOMY
BUDGET
Union Budget to be presented on July 8
THE Government said today that the Union Budget will be presented on July 8. An official spokesperson announced after a meeting of the Union Cabinet that the Budget session of both Houses of Parliament will commence from July 5 and Railway Budget ...
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ECONOMY
12th Finance Commission term extended
THE Union Cabinet has decided to extend the term of the Twelfth Finance Commission up to December 31, 2004. It was originally required to submit its report by July 31, an official spokesperson said here. The Commission could visit only 16 ...
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ENVIRONMENT
Activists vow to keep Coke plant shutters down
HUNDREDS of activists and environmentalists thronged Coca-Cola's bottling plant at Plachimada near here, and vowed never to allow the unit to reopen as the Government order banning the company from drawing groundwater cease to be in force from ...
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Kochi Corpn to set up 100-t waste plant
THE Kochi Corporation will soon set up a mechanical composting plant at the nearby Brahmapuram as part of its solid waste management programme for the city. The 100-tonne capacity plant will have the facility to treat 50 tonnes each with two ...
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`Vehicle emissions largest source of lead exposure'
LEAD is a cumulative neurotoxin that impairs brain development among children, but that hasn't prevented at least 43 per cent of the countries, for which data was available, from continuing to use leaded gasoline as transport fuel. This has ...
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Kochi Corporation plan to protect coastal areas
KOCHI: The Kochi Corporation is planning a project for the protection of coastal areas, including prevention of sea erosion and finding a solution to the drinking water shortage in those areas. A meeting of all parties concerned, ...
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HEALTH
World Bank allots $950 million for health schemes
THE World Bank has earmarked $950 million to support various State and national health schemes to be taken up in the next few years. Speaking to Business Line atthe sidelines of a workshop on `India Health System Projects', Mr Julian ...
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PSU
`Central PSEs major contributors to economic growth'
IMPROVING financial performance of the central public sector enterprises (CPSEs) taken together is a testimony to the fact that they are not a drag on the national exchequer but are significant contributors to the growth of the economy, said Dr ...
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PETROLEUM
Petrol dearer by Rs 2, LPG Rs 20 — Diesel price up Re 1; kerosene untouched
THE public sector oil marketing companies on Tuesday announced an average increase in the retail price of petrol by Rs 2 per litre, diesel by Re 1 per litre and that of LPG by Rs 20 per cylinder effective midnight tonight. The ...
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Reliance plans to invest $1.3 b in Krishna Godavari gas field
RELIANCE Industries Ltd (RIL) has filed a plan with the Government to develop the `D6' gas field located off the coast of Andhra Pradesh. In its proposal, the company has said that in the first phase, entailing an investment of $500 million, 14 ...
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POWER
Tata Power gets trading licence
TATA Power Trading Company Ltd (TPTCL) has become the first company to be awarded power trading licence by the Central Electricity Regulatory Commission under Section 14 of the Electricity Act 2003. The company would trade surplus power of the ...
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Call for dilution of inter-State criteria for mega power status
IN a bid to ensure low power tariffs, States have sought removal of the inter-State criteria for qualifying for the mega power status. Sources said here that the dilution was essential to ensure that large projects being implemented by State ...
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STEEL
Paswan promises revival of SAIL's alloy steel plant
THE Union Minister for Steel, Chemicals and Fertilisers, Mr Ram Vilas Paswan, on Tuesday said that all efforts would be made to revive SAIL's alloy steel plant (ASP), adding that there would neither be disinvestment nor closure of the plant, ...
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TEXTILES
Textile and apparel sector — `Revival of supply chain key to be competitive in post-quota regime'
TAKING a fresh look at the country's textile and apparel sector, a recent study conducted by KSA Technopak reveals that there is potential for 35 per cent cost reduction across the value chain, which can be effectively harnessed through strategic ...
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Large textile players seek status quo on Cenvat chain — Vaghela to meet Chidambaram
Indications are that the Textile Ministry may not be in favour of tinkering or breaking the Cenvat chain.
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WATER
Indo-French workshop on groundwater dynamics in Hyderabad
HYDERABAD: Indo-French Center for Groundwater Research (IFCGR) at the National Geophysical Research Institute (NGRI) here is organising `Unesco regional training workshop' on groundwater dynamics in hard rock acquifers during June ...
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COAL
Coal prices hiked 16.7 pc
THE Chairman of Coal India Ltd (CIL), Mr Shashi Kumar, on Tuesday announced the revision of prices of all categories/ grades of coking and non-coking coal on an average by 16.7 per cent on the existing pit-head prices. The revised prices will ...
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CIL setting up subsidiary for global operations
COAL India Ltd (CIL) is actively on the job of setting up a separate subsidiary — Coal Videsh Ltd — to undertake coal mining activities abroad. The new subsidiary may be a wholly-owned one of CIL or it may a joint venture ...
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EDUCATION
Education fairs in East Africa to lure foreign students
IN order to promote Indian higher education and tap the potential, a group of eighteen Indian universities under the aegis of Federation of Indian Chambers of Commerce and Industry (FICCI) and University Grants Commission (UGC) are holding ...
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LEATHER
CLE plans road shows in 3 European countries to promote leather exports
THE Council for Leather Exports (CLE) is planning to hold road shows in three European countries in a bid to forge joint ventures, technical collaborations, marketing tie-ups and to attract foreign direct investment in the leather sector. ...
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INDUSTRY ASSOCIATIONS
FAPCCI office-bearers
MR O.P. Goenka and Mr C.V. Atchut Rao have been unanimously elected President and Senior Vice-President respectively of the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) for the year 2004-05. Mr Goenka is the Technical ...
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Plea for passport office in Mangalore
MANGALORE: The Kanara Chamber of Commerce and Industry (KCCI) has requested the Union External Affairs Minister, Mr Natwar Singh, to upgrade the passport collection centre in Mangalore to a full-fledged passport office. In a letter to ...
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READYMADE GARMENTS
AEPC fashion show in US cities nets Rs 100-cr orders
THE Indian fashion mega show organisedby the Apparel Export Promotion Council (AEPC) this month at Dallas and New York has resulted in spot business deals worth Rs 100 crore with another Rs 500-crore business in the pipeline. As many as 250 ...
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SCIENCE & TECHNOLOGY
Udupi engineering students develop driverless car
TRAVELLING in a driverless car, which was possible only in movies till now, is possible in real life also, say final year engineering students of Nitte Mahalinga Adyanthaya Memorial Institute of Technology (NMAMIT) at Nitte in Udupi district. ...
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COKE & METALURGICAL COKE
Govt withdraws dumping duty on metcoke
THE Government has withdrawn the anti-dumping duty on metcoke imported by Indian companies from Japan. In November last year, the Government had imposed an anti-dumping duty on metcoke imports from Japan. Metcoke carried a duty equivalent to ...
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TRADE & LABOUR UNIONS
Kerala Govt revises ice factory workers' wages
THIRUVANANTHAPURAM: The State Government has notified a revision in the minimum wages for ice factory workers. According to the notification, the revised basic pays would be as follows: Operator (Rs 1,958), Iceman (Rs 1,927) and ...
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EVENTS
In Thiruvananthapuram today
EXPORTS & IMPORTS
Sensitive items import up 23%
THE total import value of 300 sensitive tariff lines during last fiscal has increased by 23.16 per cent to Rs 16,919 crore as against an import value of Rs 13,737 crore recorded in the same period during the previous year. An official release ...
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EPCs to aim for 15 pc export growth
WITH the country's medium-term export strategy (2002-07) showing consistently higher export growth than the 12 per cent set in the strategy, the Commerce Secretary today convened a meeting of the chiefs of export promotion councils (EPCs) and ...
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'Allow exporters to get payments in rupees'
NEW DELHI: The Federation of Indian Export Organisations (FIEO) has urged the Government to allow exporters to receive payments in rupees against the invoices raised by them in rupees. In a statement, the FIEO President, Mr Rafeeque ...
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Bengal's share in exports to go up to 9 pc
WEST Bengal's share in the country's exports is poised to go up to nine per cent in 2006-07 from a level of 6.2 per cent in 2001-02, according to Mr Nirupam Sen, West Bengal's Minister for Commerce and Industries. Addressing the inaugural ...
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ECONOMIC OFFENCES
Review food adulteration Act: Chamber
THE Tamil Nadu Chamber of Commerce and Industry (TNCCI) has called for the incorporation of the principle of `Mens Rea' in the Prevention of Food Adulteration (PFA) Act so that traders are not wrongly punished. In a memorandum submitted to the ...
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PEOPLE
Anti-Enron activist Pradyumna Kaul dead
WELL-KNOWN anti-Enron activist and power sector expert Mr Pradyumna Kaul died on June 14. Mr Kaul was one of the earliest and most consistent critics of Enron's Dabhol power project. The 52-year-old activist died of a heart attack while in ...
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KSEB PG Engineers Assn office-bearers elected
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