INDUSTRY & ECONOMY
CLIMATE & WEATHER
Rain gods in town
Oilseeds likely to benefit from boom in bio-diesel
There is great potential for demand-pull to increase oilseed production if bio-diesel production expands.
Ready-mix concrete gaining ground
EVEN as the concept of ready-mix concrete (RMC) is still catching up in the country, cement majors are keenly focussing on entering the new area in a big way. Anticipating huge potential for the product, cement majors, including Associated ...
Shimoga arecanut traders hail SC judgment
Following the SC judgment on gutkha, traders in Shimoga hope to reach the pre-2002 stage within two years.
`Data on organic pollutants needed'
THE one-day awareness workshop on the Stockholm Convention on persistent organic pollutants (POPs), organised by CII-Kerala, emphasised the need for good data collection on the dirty dozen chemicals. In his inaugural address, Mr K.V. Indulal, ...
EXCISE AND CUSTOMS
CBEC member moves to Customs
THE Central Board of Excise and Customs (CBEC) may soon have a new member. Mr S.K. Mishra, who was till recently Member (Anti-evasion and Revenue Intelligence) in CBEC, has now moved to the Customs and Excise Settlement Commission as a member, ...
Researchers call for national blood policy
There is a constant need for a regular supply of blood because blood can be stored only for a limited period of time.
Gail urges States to cut sales tax on natural gas
GAIL (India) Ltd has approached all the State Governments for reduction/exemption of sales taxes in a bid to make natural gas prices competitive. Currently, sales tax on natural gas is levied at 20 per cent on an ad valorem basis by most ...
Procurement of generic AIDS drugs Indian drug cos hope for change in Bush's stand
INDIAN pharmaceutical companies are likely to gain if the US administration succumbs to public pressure on using George Bush's $15 billion worth of the President's Emergency Plan for AIDS Relief (PEPFAR) fund, for procuring anti-retro viral (ARV) ...
Power Grid gets ISO
HYDERABAD: The Power Grid Corporation of India Ltd., Southern Region (Secunderabad) has been certified against international quality systems standards, ISO:9001:2000 by the National Quality Association, UK, becoming the first region in the ...
Bengal units' plea against removing power tariff sops
THE recent decision by the West Bengal State Electricity Board (WBSEB) to withdraw all concessions in power tariff applicable to industries has created a piquant situation. Many bulk power-consuming industries fear that they may be forced to ...
AP: PLF assessment of biomass plants to be done monthly
IT will be back to old times for biomass power plants in Andhra Pradesh as far as the assessment of their plant load factor (PLF) is concerned. Henceforth, they will be assessed on the basis of the power generated and exported monthly, and not ...
Task force to evolve energy policy plan
THE Union Government would set up a task force to evolve an energy policy package. "This will cover all sources of energy and will address the aspects like energy security, access, availability, affordability and efficiency," according to Mr ...
Task force to recover indirect tax arrears
THE Central Board of Excise and Customs (CBEC) has decided to constitute a dedicated task force for recovery of the indirect tax arrears that are due to the exchequer. The decision to set up a dedicated task force follows the recent diktat of ...
Tax on aircraft acquisition worries aviation industry
THE top brass of the domestic civil aviation industry met with the Secretary Civil Aviation, Mr Ajay Prasad, to again voice its concerns on the impact of the Budget proposals on the sector. The domestic aviation industry has been troubled with ...
CBDT may have 3 new members
THE Central Board of Direct Taxes (CBDT) may soon have three new members. Some of the existing members are likely to move to the Settlement Commission for Direct Taxes. Sources said that Mr A.S. Narang, Mr Sikander Talwar and Mr Jagdish Jha, ...
Govt to clear air on service tax ambit
THE ambiguity about the goods and services being brought under the new service tax proposals in the Union Budget for 2004-05 would be cleared once the Finance Ministry finalises the modalities and rules within a week. The details of the rules ...
Indian textile cos feel the pinch of high power costs
PROHIBITIVE power costs are clearly eating into the global competitiveness of the Indian textile industry. Domestic fabric producers end up paying more on power as a proportion of their fabric production cost, in comparison to their counterparts ...
APSFC awareness campaign shows results
THE Andhra Pradesh State Financial Corporation (APSFC), now on a drive to promote awareness about its schemes among entrepreneurs and give on-the-spot sanctions, has received proposals worth Rs 47 crore from Visakhapatnam, Vizianagaram and ...
Govt to form task force on water management
FACED with severe floods in some parts of the country and acute water shortage in others, the Government has decided to constitute a task force to look into the problems of the floods and suggest a permanent solution. Though floods in eastern ...
Pampa Plan fails to make headway
IN the absence of an independent body like Pampa River Basin Development Authority, the Pampa Action Plan (PAP) approved by the Union Government under the National River Conservation Programme (NRCP) about two years back, moves at a snail's pace. ...
NTPC gold medals for merit students
`With increasing outsourcing, auto part makers are at high risk' Few takers for product liability cover
"Indian auto component makers do not realise the need for such a cover and hence don't factor it as the cost of doing business in the US and Europe. "
Tractor makers turn sceptical on monsoon unpredictability
WITH the dry spell in several major States adding to the farmer's cup of woes, industries such as tractors and two-wheelers have revised their outlook for the year. The fortunes of both the industries, particularly tractors, are heavily dependant ...
REAL ESTATE & CONSTRUCTION
`Mumbai 15th most expensive in office space'
MUMBAI has been ranked as the world's 15th most expensive place in terms of office rentals. According to a global survey by real estate consulting firm CB Richard Ellis (CBRE), Mumbai ranks as the 15th most expensive city in the world for ...
Cochin Chamber's appeal to Kerala Govt on agitations
THE Cochin Chamber of Commerce and Industry has expressed concern over the "unfortunate events" taking place in the State over the past few weeks and urged the State Government to initiate immediate measures to resolve the situation. The ...
India should tap Chinese machine tools industry: CII
IN the backdrop of increasing exports of Indian machinery to China, the Confederation of Indian Industry (CII) has said that there is a tremendous potential for exports as well as technological collaboration between India and China. According ...
Chamber decries violence in Kerala
SC verdict on gutkha, pan masala Manufacturers hail ruling
PAN masala and gutkha manufacturers welcomed today's Supreme Court ruling lifting the ban imposed by some States on the sale of the two products. Mr Deepak Kothari, Managing Director of Kothari Products makers of Pan Parag ...
Breakthrough in WTO talks a boost for global economy
THE breakthrough in the world trade negotiations under the auspices of World Trade Organization (WTO), after intense and emotive sessions of bargaining between rich and poor or developed and developing countries, has been greeted with cautious ...
CII lauds WTO's Geneva deal
THE Confederation of Indian Industry (CII) has welcomed the `July Framework Agreement' of the World Trade Organisation signed in Geneva, terming it as a victory for the country's negotiating team led by the Commerce Minister, Mr Kamal ...
Maharashtra, CII to set up task force soon
THE State Government's Labour Ministry is all set to announce a task force with the Confederation of Indian Industry (CII) to jointly chart out a detailed guideline within which the State's large industry community will evolve a comprehensive ...
National meet on medicinal plants in Hyderabad
THE Central Institute of Medicinal and Aromatic Plants (CIMAP) will organise a two-day national interactive meet (NIM-2004) from October 29 in Hyderabad to discuss the scope and opportunities in research and business of medicinal and aromatic ...
ITPO to organise seminar on exports in Kochi
EXPORTS & IMPORTS
HSBC to expand exim trade financing
HSBC is looking at new ways of financing export-import trade in India in keeping with the requirements of its customers. The bank is among the better-known players in the foreign trade financing market. Mr Rajeev Bhargava, Head - Trade ...
JNPT to suspend import handling of metal scrap
FACED with an unprecedented growth in import of metal scrap destined for Concor's inland container depot (ICD) in Ludhiana, the Jawaharlal Nehru Port Trust (JNPT) has decided to suspend handling of import rail containers carrying iron/steel scrap ...
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