Financial Daily from THE HINDU group of publications
Saturday, August 07, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Subscription

Group Sites

INDUSTRY & ECONOMY

CLIMATE & WEATHER
IMD plans district-level updates
UNDETERRED by its prediction of a country-wide 98 per cent normal monsoon for July going wide off the mark, the India Meteorological Department (IMD) now plans to make available district-level weather updates and up to seven-day advance ... More

Relief camps for flood-hit northern Kerala
THIRUVANANTHAPURAM: The Department of Health is working overtime to reach medical assistance to those affected by floods and landslips in the northern districts, an official spokesman said. Free medical camps have been organised at a ... More

NON-CONVENTIONAL ENERGY
Seminar on bio-fuels in Hyderabad
HYDERABAD: The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) will organise `Bioleum 2004', a national seminar on bio-fuels here on August 2004. Stating this at a press conference here on Friday, FAPCCI ... More

COURTS/LEGAL ISSUES
`Company in business has no brains or skills'
WE are told that we live in a knowledge economy where learning organisations do knowledge management. So, it may come as a surprise that the tax tribunal in Amritsar held that a company cannot possess skill. The case was about Dr Daljit Singh Eye ... More

ECONOMY
Inflation surges to 7.51 pc
JUST a day after the Chief Economic Advisor, Dr Ashok Lahiri, told presspersons that inflation had peaked and the "worst is behind us", precisely the opposite has happened. According to the latest wholesale price index (WPI) data released by ... More

Chidambaram calls for national model on delivery systems
THE Finance Minister, Mr P. Chidambaram, today said that a national model on delivery systems should be evolved based on the best practices followed by the State governments in various fields. He also urged the States that are lagging behind in ... More

Bond prices crash as panic grips market; rate hike feared
BOND dealers were seized with a sense of panic on Friday as the market witnessed the highest inflation rate in three-and-a-half years, which dragged down bond prices by over a rupee across medium term maturities. The 10-year bench mark yield ... More

Inflation soars as vegetable, mineral prices rise
INFLATION surged to a two-year high of 7.51 per cent during the week ended July 24 due to a sharp rise in prices of fruits, vegetables and minerals, driving down bond and stock prices amid concerns that the Government may raise interest rates to ... More

CII unveils agenda for clocking 8% GDP growth
PRESENTING the agenda - Development and Growth: Issues and Challenges - for achieving 8 per cent sustained growth in GDP, the Confederation of Indian Industry (CII) has outlined key focus areas and six new initiatives for 2004-05. These ... More

Inflationary trend temporary: FICCI
WITH regard to the rising inflation rate that crossed 7.51 per cent on Friday, the Federation of Indian Chambers of Commerce and Industry (FICCI) observed that this is more likely a temporary phenomenon. The continued weakness in the monsoons ... More

Monsoon revival cuts deficit by 5 pc
Things are looking quite promising now. All available weather data suggest that the strong phase of the monsoon will sustain through the month of August. More

FOREIGN TRADE
Working group mooted to study linkages with Yunnan province
THE Confederation of Indian Industry (CII) and the China Council for Promotion of International Trade (CCPIT), Yunnan Sub-Council, signed a memorandum of understanding here on Friday at the India-China Business Conclave for strengthening economic ... More

German machinery body to expand operations in India
CONSIDERING that the Indian machinery market will grow very fast in the coming years, the German Engineering Federation (VDMA) has decided to expand its operations in India in the sectors of mechanical power transmission and fluid power. The ... More

HEALTH
Pakistani child to undergo liver transplant at Global Hospital
BATUL HASAN, a five-year old girl from Pakistan suffering from an end-stage liver disease, is all set to receive a slice of her father, Mr Irtiza Hasan's healthy liver in a liver transplant surgery. In what is termed as a rare liver transplant ... More

Seminar on diabetes in Thiruvananthapuram
THIRUVANANTHAPURAM: The Departments of Medicine, Obstetrics and Gynaecology and Neonatology, Sree Uthradom Hospital, are jointly hosting a one-day seminar-cum-continuing medical education (CME) programme on `Gestational Diabetes' on ... More

  • Meet on HIV begins today

    INFRASTRUCTURE
    Kerala: CM's intervention sought on developmental projects
    THIRUVANANTHAPURAM: The Capital City Development Forum has sought the intervention of the Chief Minister, Mr A.K. Antony, in the efforts to expedite priority-listed developmental projects identified for the capital region. In a ... More

    PETROLEUM
    Govt considering hike in natural gas price
    The Petroleum Minister, Mr Mani Shankar Aiyar, will have to contend with the views of the Government's alliance partners, the Left parties, who are likely to oppose the hike. More

    PHARMACEUTICALS
    SC notices on cancer drug marketing rights
    THE debate over the issue of exclusive marketing rights (EMRs) to overseas pharmaceutical company took a fresh turn on Friday with the Supreme Court issuing notices to the Central Government, Drug Controller General of India and the Controller ... More

    Govt backs desi pharma cos despite WHO salvo
    THE World Health Organisation (WHO) may have dropped the anti-retroviral (ARV) or anti-AIDS drugs manufactured by Ranbaxy and Cipla from its list, but the Indian Government will continue to procure from these companies for the domestic AIDS ... More

    POWER
    KPTCL turns to hydel stations
    WITH the southwest monsoon in full swing, Karnataka has backed down the liquid fuel stations in the State and is meeting most requirements from low tariff hydroelectric stations. Sources said here that the generating company, Karnataka Power ... More

    TAXATION
    Aircraft lease rentals: Assocham for review of tax proposal
    THE Associated Chambers of Commerce and Industry of India (Assocham) today reiterated the stand of the domestic aviation industry. It suggested to the Finance Minister to review his proposal for levying 40 per cent taxation on the lease ... More

    AP increases sales tax on ATF to 30.55 pc
    ANDHRA Pradesh has raised the sales tax on aviation turbine fuel (ATF) to 30.55 per cent from the earlier lower rate of just 4 per cent. Interestingly, AP had in April 2002 lowered the sales tax on ATF from 30.55 per cent to 4 per cent. ... More

    TEXTILES
    Textile stocks in limelight
    TEXTILE stocks regained their interest in Friday's trading aided by the Finance Minister, Mr P. Chidambaram's indications that he might alter the tax structure on man-made fibres. The interest in these stocks was also due to the end of quota ... More

    SSI
    Tussle for Coimbatore cluster may intensify
    SIEMA steps into the Coimbatore Industrial Cluster project with a proposal and takes on Codissia which has already pitched in with its plan. More

    7-point CII agenda to put SMEs on their legs
    IN its endeavour at making small and medium enterprises (SMEs) competitive, CII (Southern Region) has fixed for itself a seven-point agenda. Based on the agenda, it has built the theme for 2004-05 as the year `to grow competitive and move to ... More

    WATER
    Project Siruthuli bid to revive Noyyal river in TN
    `PROJECT Siruthuli'- a public initiative mooted by certain corporate houses in the city for restoration of water tanks, streams and water supply channels, has estimated the cost for restoration of the Noyyal River at Rs 5 crore. The Noyyal is ... More

    RADIO/TV
    Telecast rights: BCCI may deal with broadcasters directly
    IN an attempt to disintermediate the bidding process for the multi-crore cricket telecast rights, the Board of Control for Cricket in India (BCCI) is considering permitting only those companies that own television channels to participate in ... More

    EDUCATION
    CVAT graduates top NAC exams
    THE T.S. Srinivasan Centre for Vocational and Advanced Training (CVAT) conducted its graduation day ceremony recently, according to a press release from CVAT. It offers a three-year technical training programme leading to a CVAT Diploma and ... More

    NITK Surathkal to set up yogic centre
    THE National Institute of Technology Karnataka (NITK) at Surathkal near Mangalore will set up a yogic research centre on its premises. Apart from training students and faculty in yoga, meditation and personality development, the proposed ... More

    FOODS & FOOD PROCESSING
    Central, State-level task forces mooted for food processing
    THE Government is planning to set up a national level task force and several State-level ones for addressing the problems of the food processing sector. Announcing this at a seminar organised here by the PHD Chamber of Commerce and Industry, ... More

    GEMS & JEWELLERY
    Diamond trade gets ready for face-off: Are synthetics `real'?
    SYNTHETIC diamonds are so tacky, right? You wouldn't, for instance, want to give your fiancée a synthetic diamond, would you? Wrong. And wrong again. Last year, a well-known diamond wholesaler in Mumbai bought a batch ... More

    A touch of glitter
    A Japanese and an Indian model display the Ganjam Kazuo Ogawa line of collection on platinum jewellery at a press conference in Hyderabad on Friday. Bangalore-based Ganjam Nagappa & Son Pvt Ltd has brought its award-winning collections to ... More

    REAL ESTATE & CONSTRUCTION
    Mumbai realtors protest MoE notification
    A NOTIFICATION issued by the Ministry of Environment and Forests on July 7 this year requiring projects of certain specifications to seek Central government clearance has fetched vociferous protest from the construction industry in ... More

    LEATHER
    Kolkata tanners in fix over delay in effluent plant
    THE 25-odd investors in the Calcutta Leather Complex who had commissioned their units on time are finding themselves in a spot. Despite having received all necessary approvals, none of these units could commence operation as the State ... More

    READYMADE GARMENTS
    Design workshop in Madurai
    MADURAI: A `Design workshop for readymade garments and textile made-ups' will be held in the city on Saturday. Value addition, productivity increase, sourcing of fabrics, accessories, colour and design forecasting for domestic and export ... More

    WTO
    WTO emergency meet to tackle textile quota abolition issues
    THE World Trade Organisation (WTO) has held informal consultations with a range of its members for an emergency meeting of the Council for Trade in Goods (CTG) proposed by Mauritius to examine the adjustment costs related to the quota abolition ... More

    HUMAN RESOURCES
    Medical transcription back in demand
    THE Indian medical transcription (MT) industry, which was in the dumps till recently, is witnessing a resurgence in India following shrinkage of availability of skillsets (skilled manpower) in the US. The highly-fragmented industry consisting ... More

    EVENTS
    FIEO plans to organise global congress on trade in services
    THE Federation of Indian Export Organisations (FIEO) will organise a two-day international congress on trade in services in the second-half of 2005. "The international congress will provide a platform for Indian service providers to interact ... More

    HR conclave on leadership
    HYDERABAD: `HR Conclave 2004 - The Changing Face of Leadership -From Transactions to Transformation'", on August 11, organised by the CII will bring together speakers such as Mr M.V. Subbiah, Executive Chairman, EID Parry; Mr Ram ... More

    INCOME TAX
    A watchman over the taxman
    T. N. Pandey looks at the CAG's findings in its review of the I-T Department's working More

    Some kindness to gifts in kind
    Why are gifts in kind left out of the tax net, asks S. Murlidharan More

    A plan bit too grand
    Mohan R. Lavi on the new recommendations in the realm of personal taxation More

    Salaried are no maharajas
    IS car a personal effect? A queer question to ask, but the Mumbai tax tribunal considered this issue when dealing with the Narendra I. Bhuva case not long ago. Bhuva, a salaried employee, purchased a vintage Ford Tourer 1931 model in 1983 for ... More

    EXPORTS & IMPORTS
    Edible oil prices softening; imports may gather momentum
    VEGETABLE oil import volume in July dipped from the previous month. The preliminary estimate of arrivals last month is 2.45 lakh tonnes (lt) according to data made available to Business Line by Oilmandi.com, an industry portal. Imports ... More

    EU to allow duty-free import of brown basmati
    Under the new import regime, brown rice imports will attract a general tariff rate of 65 euros per tonne, while being zero for the seven specified basmati varieties. More

    ICCI tells Kerala to draft export policy to curb declining trend
    THE State Government should prepare a draft export policy in consultation with the business community in view of the poor export performance of Kerala, Mr P.M. Muraleedharan, President of the Indian Chamber of Commerce and Industry, has said. ... More

    TOURISM
    ITC travel arm brings out guidebook for tourists
    INTERNATIONAL Travel House, the travel arm of ITC Ltd, has launched the `Travel House Guide to Incredible India', to add value to its offer for inbound travellers. The guidebook, priced at Rs 250, promotes the treasures of India to global ... More

    Flexing muscles
    A snake boat conducts rehearsal for the Nehru Trophy Boat Race at Punnamada in Alappuzha on Friday. The race, to be held on August 14, is one of the most marketed tourism events in the State and attracts hordes of foreign visitors. ... More

    BOOKS
    Access Info to bring out Kerala Industrial Yellow Pages
    KOCHI: Access Info Sources Pvt Ltd is bringing out `Access All Kerala Industrial and Commercial Yellow Pages' which contains comprehensive data on industry and commerce in the State. A copy of the Yellow Pages would be distributed to ... More




    Comments & Letters to the Editor to: bleditor@thehindu.co.in
    Subscribe to: Business Line

  • Top Stories
    Govt backs desi pharma cos despite WHO salvo


    Expanding the tax net — Track the big spenders-low I-T payers

    Medical transcription back in demand

    `It's time to tap rural goldmine'

    1.66 million new cell customers in July

    IMD plans district-level updates

    Govt considering hike in natural gas price

    Textile stocks in limelight

    Edible oil prices softening; imports may gather momentum

    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


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

    Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line