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Saturday, July 03, 2004

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INDUSTRY & ECONOMY

CLIMATE & WEATHER
Under a cloud
Monsoon clouds gather over the upper reaches of the Silent Valley in Palakad district. According to India Meteorological Department's latest long-range forecast, the total rainfall for the 2004 season will be 100 per cent of the long period ... More

BUDGET
A bevy of economic Bills in Budget session
At least 14 Bills spanning various sectors including economy, banking, foreign trade, agriculture etc are likely to be presented in the Budget session. More

CII calls for cut in corporate tax
THE Confederation of Indian Industry (CII), in its pre-budget memorandum, has called for reduction of corporate tax rate from 35 to 30 per cent and removal of the surcharge of 2.5 per cent. It has also called for raising the exemption limit on ... More

CEMENT
Cement majors' offtake lacklustre in June
CEMENT offtake for the month of June — in any case not the best of months for the commodity — has not shown any encouraging increase as compared to shipment figures for June, 2003, as reported by the major cement manufacturers. ... More

ECONOMY
The `coal truth' behind inflation missing the 6 per cent mark
IT is something everybody thought would happen, but did not really happen. And when it did not happen, it took everybody by surprise and sparked off a rally in bond prices. The benchmark 7.37-per cent, 2014 Government of India paper closed the ... More

EXCISE AND CUSTOMS
Oil refiners protest against selective excise duty waiver
Duty waiver is causing serious distortion in the vegoil market. Despite idling capacity elsewhere in the country, huge capacities have come up in the past year in Kutch to avail the Rs 1,000 a tonne duty waiver. More

FOREIGN TRADE
Plans afoot to stop transit trade via Thailand
IN order to make the Free Trade Agreement (FTA) between India and Thailand a reality and to bring about a new trajectory of mutual benefits, the Thai Commerce Minister, Mr Watana Muangsook, felt that the communication process between the two ... More

INFRASTRUCTURE
KCCI plea to help rehabilitate families
THE Kanara Chamber of Commerce and Industry (KCCI) has urged the Karnataka Minister for Civil Aviation, Mr P.G.R. Sindhia, to help rehabilitate eight families that will be affected by the completion of runway at Bajpe airport here. In a letter ... More

PHARMACEUTICALS
`Pharma cos must focus more on generic drugs'
PHARMACEUTICAL companies should concentrate more on generic drugs market in the emerging new patent regime, under which new drugs cannot be developed using reverse engineering processes. Additionally, it may be extremely tough to develop a ... More

Tunisia woos Indian pharma cos
HAVING successfully roped in over 2,600 global companies to invest in its economy, a high-level Tunisian delegation lead by its Ambassador has invited the Indian pharmaceutical companies to set up their manufacturing and marketing outfits in ... More

POWER
Kerala Govt to go ahead with Pathrakadavu project
The Minister says only 4.1 hectares of forestland will be submerged by the project. More

Parkson Group allotted 4 mini-hydel projects in Kerala
THE consortium led by the Kochi-based Parkson Group, Gidroenergoprom and Interural of Russia has been given approval for starting four mini-hydroelectric projects in Kerala at a total project cost of Rs 125 crore. Addressing a press conference ... More

BHEL bags Rs 1,701-cr DVC contract
BHARAT Heavy Electricals Ltd (BHEL) has won a contract for setting up two units of 250 MW each at Mejia thermal power station (TPS) in West Bengal on a turnkey basis. The project contract, valued at Rs 1,701 crore, has been placed on BHEL by ... More

  • Energy Management Centre seeks ideas on power saving

    STEEL
    Major steel makers utilising only 90 pc of capacity: ISA
    THE major domestic steel manufacturers are unable to make full use of their capacities because of price limitations and its inability to offload surplus production in the export market. Most major steel producers have been able to utilise ... More

    TAXATION
    Tax collections up by 20.25 pc in April-May
    THE Central Government's gross tax collections in the first two months of the current fiscal increased by 20.25 per cent to Rs 17,297 crore compared to Rs 14,384 crore in the same period the previous year. Net tax collection in the first two ... More

    Uniform rate of capital gains tax on share transfers sought
    CORPORATE sector has urged the Government to make the rate of capital gains tax on transfer of shares and securities uniform for all companies, in order to provide a level playing field for small investors in private limited companies. The ... More

    MANAGEMENT
    Integrated management system standards on cards
    The main objective behind the merger move is to address common management issues of quality, environment and health while reducing paperwork. More

    RADIO/TV
    Star chief in India to push for DTH venture
    DELAY in getting approvals to commence its direct-to-home (DTH) operations brought Star Group Chief, Ms Michelle Guthrie, to India. Ms Guthrie, along with Star India CEO, Mr Peter Mukerjea, and some other company representatives met the ... More

    REAL ESTATE & CONSTRUCTION
    3,500 brick fields in Bengal face closure
    THE Bengal Brick Field Owner's Association fears that about 3,500 brick-fields in West Bengal are going to be closed soon, rendering seven lakh labourers unemployed unless steps are taken by the State Government and other authorities concerned to ... More

    PAPER, BOARD & NEWSPRINT
    Non-wood paper mills call for excise duty buffer
    THE non-wood-based paper industry, which contributes to over 65 per cent of the country's total paper production, has demanded a differential excise duty structure and customs relief for the sector. "The Government must restore a excise duty ... More

    SCIENCE & TECHNOLOGY
    DST seeks Rs 1,100-cr allocation
    THE Department of Science and Technology (DST) has sought an additional Rs 300 crore as budgetary support from the Government this year and plans to increase its focus on areas such as nanotechnology, drug discovery and provide autonomy to some ... More

    HEALTHCARE PRODUCTS
    FIEO blueprint to boost healthcare services export
    FIEO is sending a healthcare services delegation to Malaysia, Singapore and Indonesia during August 19-28 and also arranging a reverse buyer-seller meet. More

    Essilor SRF bullish on India
    Acquisitions have been a part of Essilor's global strategy and "in India too, we would be following the same route and acquire some more labs'', Mr Jayanth said. More

    RURAL DEVELOPMENT
    Nabard opens office in Kadapa
    THE National Bank for Agriculture and Rural Development (Nabard) has formally launched the office of District Development Manager (DDM) in Kadapa district on Friday. The Chief General Manager of Nabard, Regional Office, Hyderabad said that with ... More

    EVENTS
    Meet on reconstructive microsurgery from today
    TRANSPLANTING a heart, kidney, or liver are indeed becoming common. But how about transplanting a hand, a thumb, or say, a face? Reconstructive microsurgery can make these interventions possible, says Prof Achilleas Thomas of ... More

    EXPORTS & IMPORTS
    FDA norms on healthy nuts may not hit cashew exports
    Cashew nuts from the country are exported in bulk, while processors in the US do the packaging. Exports, therefore, are unlikely to be affected. More

    ECGC, Andhra Bank in marketing pact
    EXPORT Credit Guarantee Corporation of India Ltd (ECGC) and Andhra Bank signed a corporate agency agreement for marketing of ECGC's export credit insurance products through the network of the bank's branches, here on Friday. With this, ... More

    Exports targeted to grow at 16 pc
    AGAINST the medium-term export strategy (MTES) target of achieving 12 per cent export growth in dollar terms set off in 2002-03 by the National Democratic Alliance (NDA) Government, the United Progressive Alliance (UPA) has set a 16 per cent ... More

    Export units for renaming SEZ Bill
    THE Confederation of Export Units (CEU), the apex body for 100 per cent export-oriented units (EOUs), has demanded renaming of the Special Economic Zone (SEZ) Bill, now on the anvil, as EOU & SEZ Bill so that the two schemes are treated on par .. More

    TOURISM
    Australia revamps tourism body
    AUSTRALIA has reorganised its tourism industry under a new body, Tourism Australia, which will henceforth be responsible for promoting the tourism industry in Australia. Tourism Australia replaces the country's international marketing agency, ... More




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  • Top Stories
    A bevy of economic Bills in Budget session


    `Social responsibility vital for Tata Steel dealings'

    IT security cos bullish on India

    CII calls for cut in corporate tax

    PSU bank appointments: An archaic system

    After a dry last week of June — Monsoon just about normal

    Cement majors' offtake lacklustre in June

    Looking back
    Jun. 20-Jun. 26
    Petrol, diesel sales up 10 pc in May

    Romantic comedy films rule box office in Bollywood

    Pre-Budget meeting — MF captains suggest 401K-type option for salaried class

    Govt to unveil national foreign trade policy in July — Focus likely on non-IT services sector

    How feasible is a rural employment guarantee?

    Grain exports may fall below 10 lakh t

    Centre reviewing select exemptions in I-T Act

    `Project'ing corruption in multilateral banks

    Fuelling the fire?

    US hopes for breakthrough in WTO talks — `India likely to be tough bargainer in agriculture'

    Core industries grow by 6.7 pc in April-May

    Demand for HR personnel up


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