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Friday, August 06, 2004

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INDUSTRY & ECONOMY

CLIMATE & WEATHER
Monsoon vigorous over Kerala western coast
THE second half of monsoon began with a flourish in Kerala, as was the case along much of the western coast, central India and the northwest, during the week beginning July 29. Heavy to very heavy rains pounded the northern districts in Kerala ... More

Monsoon magic
More

COURTS/LEGAL ISSUES
Compromise settlements: Lok Adalats' ceiling raised to Rs 20 lakh
THE Reserve Bank of India has said that the monetary ceiling of cases for compromise settlements referred to the Lok Adalats organised by civil courts has been raised to Rs 20 lakh with immediate effect, as against the earlier limit of Rs 5 ... More

ECONOMY
'Govt monitoring price situation'
THE Chief Economic Advisor to the Finance Ministry, Mr Ashok Lahiri, indicated that inflation rate has peaked at the current rate of 6.52 per cent. "We are monitoring the price situation closely. The rains are welcome," said Mr Lahiri in ... More

To act on various areas of national common minimum programme — Plan panel sets up 7 inter-Ministerial task forces
THE Planning Commission has set up seven inter-Ministerial task forces, following the directive of the Prime Minister, Dr Manmohan Singh, to consider action needed for those areas of the National Common Minimum Programme where the agenda is ... More

YSR moots panel for interaction with industry
THE Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, announced that a committee comprising the representatives of the State Government and industry would be set up to have a regular interaction between the Government and ... More

ENVIRONMENT
Now, afforestation gets separate dedicated fund
The Government may take a re-look at allowing private sector to use wastelands for tree plantations. More

EXCISE AND CUSTOMS
New format for filing excise return
THE Central Board of Excise and Customs (CBEC) has now come up with a new format for the monthly or quarterly return that has to be filed by a manufacturer who pays Cenvat duty or avails Cenvat credit. The newly formulated return also specifies ... More

FOREIGN TRADE
FTAs make sense with right partners: FICCI
THE Federation of Indian Chambers of Commerce and Industry (FICCI) viewed that the country could be better positioned to maximise the potential gains either from the FTAs (free trade agreements) or from multilateral trade negotiations only if ... More

HEALTH
Activists step up campaign for ban on gutkha
THE Supreme Court judgment on August 2 withdrawing the ban on sale of gutkha in Maharashtra, imposed by the State Government in August 2002, on technical grounds has prompted social activists and NGOs in Mumbai to step up their campaign for a ... More

Fortis to expand hospital network; plans IPO
FORTIS Healthcare is planning to expand its network of hospitals across North India at a total investment of over Rs 1,100 crore in the next five years. While tapping the capital markets to fund the expansion is on the cards, some portion of the ... More

INFRASTRUCTURE
Industrial clusters catching on in Kerala
The objectives of the clusters are standardisation, skill and technology upgradation, establishment of a raw material banks and creation of marketing networks. More

Allocation for Mangalore drainage project hiked
THE Karnataka Urban Development and Coastal Environmental Management Project (KUDCEMP) has revised allocations in the Mangalore sub-project with focus on the extension of underground drainage (UGD) system in the city. Of the allocation of Rs ... More

PETROLEUM
IOC to begin work on Rs 400-cr Chennai-Madurai pipeline soon
INDIAN Oil Corporation Ltd (IOC) will commence major construction work of the Rs 400-crore, 683 km long cross-country Chennai-Tiruchi-Madurai Petroleum Product Pipeline in Tamil Nadu in the third week of August. Contracts for mainline pipe ... More

PHARMACEUTICALS
WHO strikes at Ranbaxy now
MARCH 2004: A US-initiated conference in Botswana puts 3-in-1 anti-AIDS pills, like the ones made by Cipla and Ranbaxy, under the scanner on grounds of safety and efficacy. June 2004: Two of Cipla's anti-AIDS drugs are dropped from the World ... More

Industry outnumbered in pharma advisory forum
STRENGTH in numbers is something that the domestic drug industry will not have on the recently constituted Pharmaceutical Advisory Forum, say industry representatives. The forum, under the chairmanship of the Union Minister for Chemicals and ... More

PLASTICS
Plastics industry to focus on untapped potential in South
SOUTH is the place to be in for plastic products manufacturers. There is an untapped potential compared to the North and the West that can be exploited, say industry representatives. To push for growth, the manufacturers' associations in Tamil ... More

POWER
Vemagiri Power to modify pact with AP
As per the directions of the Andhra Pradesh Government, Vemagiri Power Generation Ltd (VGPL) has decided to defer its scheduled date of completion of the project and suitably modify its power purchase agreement (PPA) with the Transmission ... More

`Thermal power stations facing critical coal stock positions'
THE creation of new power generation capacity is going to be a tough job in the years to come as the availability position of conventional fuels such as coal and natural gas appears "uncomfortable" in the present reckoning. This was indicated ... More

  • New APERC chief
  • APGenco MD takes charge

    STEEL
    European biz team keen to work with stainless steel cos
    THE Indian stainless steel kitchenware and houseware industry has greatly impressed representatives of the European business team. Mr Rakesh Shah, Chairman of Engineering Export Promotion Council (EEPC), has said the European market for metalware ... More

    TAXATION
    AP for consensus on VAT structure
    THE State Commercial Taxes Minister, Mr K. Ramakrishna, favours a consensus among various States on the basic structure proposed under the Value Added Tax (VAT) regime. The State would oppose any move to include another tier in the proposed tax ... More

    TEXTILES
    Chidambaram hints at duty relief for man-made fibres in next Budget
    THE Finance Minister, Mr P. Chidambaram, has strongly hinted that the existing tax structure on man-made fibres would be altered in the next budget (2005-06) to give a fillip to this segment of the domestic textile industry. "We need to give a ... More

    SSI
    SEBI panel to pave way for Indonext
    THE Securities and Exchange Board of India is in the process of according in-principle approval to the proposal for the Bombay Stock Exchange-Indonext platform for trading in stocks of small and medium enterprises (SMEs), with an equity base of ... More

    RADIO/TV
    `Tear-jerker serials in Malayalam unfair to fair sex'
    Though formally educated, the Malayalam small screen woman is depicted as a docile and meek person. More

    EDUCATION
    Vellore institute signs MoU with Canadian consortium
    THE Vellore Institute of Technology (VIT) has signed a Memorandum of Understanding (MoU) with the Consortium of Canadian Educational Institutions for Asia (CCEIFA) to help Indian students with admission at post-graduate levels to Canadian ... More

    Andhra Bank card for ICFAI students
    BENEFITING a large student community of over 55,000 pursuing higher studies in finance and management, Andhra Bank has launched a co-branded credit card with the ICFAI University here on Thursday. The co-branded card will enable the students ... More

    Fire drill
    A mock fire drill under way at a government school in Kochi on Thursday. The drill was conducted in schools throughout the State in association with fire force ... More

    Overseas education: Beware of frauds
    The ones who fall prey to these unethical `agents' are mainly from villages and those who have not done their homework well. More

    CARS
    Car crash tests to be mandatory
    THE Government is set to make crash tests mandatory for all new vehicles in the country in another two years as part of its safety road map. Dr Balraj Bhanot of the Automobile Research Association of India (ARAI), told Business Line that ... More

    AUTOMOBILE COMPONENTS
    MNCs reworking India strategy
    EVEN though the finer implications of the Free Trade Agreement (FTA) with Thailand are yet to become clear, multinational players have begun reworking the economics of operating from India. The FTA, that is set to come in to effect from ... More

    CONSULTING

  • NRI counselling centres in Kerala

    REAL ESTATE & CONSTRUCTION
    Brick kiln owners oppose use of fly ash
    BRICK kiln owners have demanded withdrawal of a Government order that makes it mandatory to use fly ash for producing bricks and sought better coal supply. Claiming that fly ash affected the strength of bricks and was a health hazard for the ... More

    Peaceful coexistence
    Thiruvananthapuram city, which has been witnessing a real estate boom in recent times, blends concrete monstrosities in seamless harmony with traditional Kerala ... More

    WOOL
    `Budget gives a fillip to wool industry'
    AS the Union Budget 2004-05 has abolished the excise duty on natural fibre and brought the customs duty on wool to 5 per cent from the high of 75 per cent only a few years ago, the focus of the industry would now be on "doing international ... More

    GRANITE & MARBLE
    Marble export units `are evading duty'
    THE 100 per cent Export Oriented Units (EOU) located in both Maharashtra and Rajasthan are systematically duping the Government through under invoicing as well as duty evasion, industry sources said. The imports of rough marble blocks attract ... More

    EVENTS

  • Management meet in Thiruvananthapuram



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  • Top Stories
    Crop failures trap cotton farmers in debt


    WHO strikes at Ranbaxy now

    IDC sees `very strong' growth for BPO sector

    Environmental priorities for the Government

    The population time bomb is ticking

    Banks continue to have the cake and eat it too

    Looking back
    Jul. 25-Jul. 31
    Lahiri upbeat on tax collections — 'Govt alert to inflation'

    `Patents Act change can trigger spurt in IP violations'

    Making LNG imports on f.o.b. mandatory — An oar for Indian ship-owners

    Guard against surprise on US interest rates

    Railways strikes black gold

    Direct tax mop-up records 52% jump

    MPEDA to focus on US, Japan markets

    Additional duty on finished imports — PC prices may remain at pre-Budget levels

    I-T Dept told to focus on non-salaried evaders

    Monsoon hits central parts, revives hopes

    Poor monsoon may haunt two-wheeler industry

    Inflation remains unchanged at 6.52 pc

    TN Assembly drops privilege action against newspapers


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