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Tuesday, August 10, 2004

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INDUSTRY & ECONOMY

CLIMATE & WEATHER
IMD project to finetune weather forecasting
A number of organisations, including the National Centre for Medium Range Weather Forecasting, are involved in the honing of overall prediction skills. More

Munnar tops rain charts
THE hill station of Munnar continued to top the charts in recorded rainfall for four days on a trot from August 5 as the wet spell triggered by the latest `pulse' of the southwest monsoon began to lift in Kerala. The ... More

NON-CONVENTIONAL ENERGY
Centre to focus on biomass for village electrification
According to rough estimates, the cost of installing biomass-based power generation units is around Rs 3 crore per megawatt against Rs 4-4.5 crore for mini hydel units. More

TELECOMMUNICATIONS
`I&B Ministry to continue issuing broadcasting services licence'
THE Telecom Regulatory Authority of India (TRAI) has clarified that the licences for broadcasting services would continue to be issued by the Information & Broadcasting Ministry even under the unified licence regime. It has also said that the ... More

COURTS/LEGAL ISSUES
ADR courts soon to speed up justice
IN a bid to expedite civil and corporate justice to pending disputes, the Government has decided to set up a number of alternative dispute resolution (ADR) courts with modern facilities incorporated into it, the Minister of Law and Justice, Mr ... More

ECONOMY
Portfolio inflows may slow down
THE climate for foreign portfolio investment in India is not good because of the hardening interest rate in the US and negative impact of increasing oil price on global economic growth, said Mr Alan Jacobs, senior international economist & ... More

EXCISE AND CUSTOMS
Service tax case: SC dismisses plea against tribunal order
THE Supreme Court has dismissed the Revenue Department's special leave petition (SLP) against the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) order in the Daelim Industrial Co Ltd case. In that case, CESTAT had held that in ... More

Stress on Web-based tax collection
TAX collection is becoming increasingly Web-based, with more stress on use of information technology for monitoring rather than physical control, Dr T.V. Sairam, Chief Commissioner of Central Excise and Customs, Visakhapatnam zone, has said. He ... More

HEALTH
Natco Pharma launches drug for prostate cancer
HYDERABAD-based Natco Pharma Ltd has announced the launch of a drug to treat prostate cancer in the 140-mg capsules form under the brand `X-trant' (estramustine). In a press release here on Monday, Natco Pharma said X-trant was helpful in the ... More

FIEO seeks lower capitalisation norm for health insurance cos
THE Federation of Indian Export Organisations (FIEO) has urged the Commerce Ministry to make a case with the Finance Ministry for lowering the minimum capitalisation norm for health insurance companies. "We have approached the Commerce ... More

PSU
Rs 115-cr revival plan proposed for Hind Antibiotics
The board of ailing Hindustan Antibiotics Ltd has submitted a Rs 115-crore revival package to the Government involving fresh capital infusion and one-time settlement of dues of financial institutions. The Department of Chemicals and ... More

KSTC showing signs of turnaround
THE Kerala State Textile Corporation (KSTC) is set to turn around after being in the red for a decade. The three mills under the corporation made a cash profit of Rs 12.18 lakh in July this year and, according to Mr Jacob Joseph, Managing ... More

PETROLEUM
We must tap every possible source for energy security, says Aiyar
FOCUSSING on the importance of ensuring energy security, the Union Minister for Petroleum & Natural Gas and Panchayati Raj, Mr Mani Shankar Aiyar, has said the full scope of attaining oil and gas equity, both in India and abroad, would be tapped. More

Oil Ministry seeks nil excise duty on LPG, kerosene
THE Petroleum Ministry had recently written to the Finance Ministry seeking nil excise duty on LPG and kerosene. Currently, kerosene attracts an excise duty of 16 per cent duty rate while that on LPG it is 8 per cent. Both the products earn the ... More

Better earnings from oil firms seen this quarter
EARNINGS of state-owned oil marketing companies are likely to improve a shade sequentially in the second quarter of the current fiscal as domestic price hike cushions the spiralling global oil price, analysts said. "We expect global prices will ... More

PHARMACEUTICALS
Drugs cheaper here than in Pak, Lanka
EVEN as the Government is planning to lower drug prices by bringing around 300 drugs under price control, the Indian pharmaceutical industry feels that prices of drugs in India are cheaper than those available in the neighbouring countries of ... More

POWER
Reliance Hirma unit to go commercial next year
RELIANCE Power Ltd's 3,960-MW project at Hirma in Orissa will begin selling power by March 2008, according to a review of energy markets by Reliance Industries Ltd. The report prepared by RIL's Energy Research Group said the first unit of the ... More

TAXATION
India Inc for revamp of TDS system
A SECTION of India Inc has urged the Government to consider restructuring the entire system of tax deducted at source (TDS). It has also sought a review of the varying rates of TDS and different dates of payments in order to minimise harassment ... More

TEXTILES
Textile sector: EOUs want anomaly to go
THE excise policy for textile sector unveiled in the 2004-05 Union Budget has not addressed the disadvantageous position to which the 100 per cent export-oriented units (EOUs) have been unwittingly exposed to. According to Export Promotion ... More

SITRA technology meet on Aug 12
THE 29th technical conference of the South India Textile Research Association (SITRA) will be held here on August 12. The conference will be inaugurated by Mr Subodh Kumar, Textile Commissioner. Eight technical papers will be presented by the ... More

TYRES
Tyre stocks race ahead on price increase hopes
SHARE prices of tyre companies increased on Monday's trading on market expectation of possible hike in tyre prices. Brokers and analysts said there is a possibility of price hike on tyres shortly as the prices of most of the raw materials used ... More

Port restriction on natural rubber imports scrapped
THE United Progressive Alliance Government has done away with the mandatory port restriction on import of natural rubber into the country. Import of natural rubber will now be allowed through all ports for export oriented units and domestic ... More

MANAGEMENT
GLIM offered land for campus
TAMIL Nadu has offered 15 acres to Chennai-based Great Lakes Institute of Management (GLIM) on the Old Mahabalipuram Road for its campus, according to Dr Bala V. Balachandran, J. L. Kellogg Distinguished Professor of Accounting Information and ... More

BREWERIES
Irked by delay in Customs clearance — Importers divert alcohol cargo from Mumbai to Kandla port
ONE port's loss is usually the neighbouring port's gain. This is precisely what the cargo-hungry Mumbai port is facing today, as it is losing out a significant flow of cargo in the form of imported industrial alcohol to Kandla port. And all ... More

RADIO/TV
`I&B Ministry to continue issuing broadcasting services licence'
THE Telecom Regulatory Authority of India (TRAI) has clarified that the licences for broadcasting services would continue to be issued by the Information & Broadcasting Ministry even under the unified licence regime. It has also said that the ... More

EDUCATION
Why not mergers for B-schools?
BUSINESS schools in India should consider merger options like those in the developed countries to upgrade the quality of education. Speaking at the All-India Management Association - Centre for Management Education (AIMA-CME) convocation, ... More

REAL ESTATE & CONSTRUCTION
Software to create building models
A FUNDAMENTAL shift from illustration of building projects through drawings to representing the structure on the computer by using the Building Information Modelling (BIM) solution is in the offing. The technique, though new even in the US, ... More

INDUSTRY ASSOCIATIONS
Assocham against job quota in private sector
THE Associated Chambers of Commerce and Industry of India (Assocham) has protested the move to introduce a legislation for job reservation in the private sector, saying that it will have adverse impact on the industry. The job reservation ... More

HANDLOOM

  • Madurai handloom workers' plea

    BIO-TECH & GENETICS

  • `Study biotech implications': KSSP

    SMALL SAVINGS
    `Interim' EPF interest rate pegged at 8.5 pc
    AMID protests by trade unions affiliated to the Left parties and the BJP, the Central Board of Trustees of the Employees Provident Fund Organisation (EPFO) on Monday lowered the annual rate of interest to 8.5 per cent on the fund deposits of ... More

    FOREIGN DIRECT INVESTMENT
    Xerox Modicorp among 42 FDI proposals cleared
    THE Government on Monday approved Xerox Modicorp Ltd's proposal to bring in foreign direct investment (FDI) worth Rs 95.69 crore into the company. The Xerox proposal was among the 42 FDI proposals cleared by the Government today involving a ... More

    LABOUR REFORMS
    Draft Bill on social security for unorganised sector soon
    AS part of the common minimum programme, the Union Government is giving final touches to a draft umbrella legislation for increasing productivity in small and unorganised sector and providing social security to labourers in these sectors. The ... More

    EVENTS

  • ISB seminar in Hyderabad
  • Talk on personal empowerment in Thiruvananthapuram

    STANDARDS & BENCHMARKS

  • Uniform weights rule likely



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  • Top Stories
    WTO framework agreement: No cause for celebration


    Rs 115-cr revival plan proposed for Hind Antibiotics

    PFC plans floating rate for future loans

    Bank guarantee for mobile operators to be cut 50 pc

    GTB full year net loss widens to Rs 812 cr

    Service tax case: SC dismisses plea against tribunal order

    Tyre stocks race ahead on price increase hopes

    Port restriction on natural rubber imports scrapped

    Looking back
    Aug. 1-Aug. 7
    No restrictions on availing both Cenvat, exemption routes

    BIMSTEC enlarges scope beyond economy, trade

    ITES, software exports up 31 pc in 2003-04

    Buffalo meat exporters bullish as Saudi lifts ban

    Indian textile cos feel the pinch of high power costs

    Trade with China inching towards $10-b mark

    Concerns over poor monsoon have receded: Chidambaram

    Oil Ministry lukewarm to PSUs diversification — ONGC plans may be hit

    CBEC asks Customs to refrain from unilateral action on EPCG cases

    Cotton prices may plunge further

    SC ruling on Pan masala, gutkha: Health bodies to approach Centre for ban

    WHO strikes at Ranbaxy now

    Medical transcription back in demand

    IMD plans district-level updates

    Govt backs desi pharma cos despite WHO salvo

    Textile stocks in limelight

    Edible oil prices softening; imports may gather momentum

    Govt considering hike in natural gas price


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