Financial Daily from THE HINDU group of publications
Friday, August 13, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Subscription

Group Sites

INDUSTRY & ECONOMY

PENSION PLANS
Seamen threaten strike on PF issue
SEA-BORNE cargo movements to and from India may be affected with a section of seamen threatening to go on strike from August 31 to secure their demand for Government support to recoup the losses suffered by Seamen's Provident Fund (SPF). The ... More

INVESTMENTS
Gold a safer bet than equities, bonds: WGC
WGC has said that India can well become the Regional Gold Trading Hub provided the Futures Exchange was allowed to trade in the spot market; banks and financial institutions actively participate in the gold market and bullion exports are permitted. More

NON-CONVENTIONAL ENERGY
Icrisat to promote sweet sorghum for production of ethanol
THE International Crops Research Institute for the Semi-Arid Tropics (ICRISAT) is strengthening its collaboration with partners to promote sweet sorghum varieties, hybrids and technologies to extract alcohol from the crop. According to Dr ... More

ECONOMY
Industrial output up 7.6 pc in Q1
BUOYED by a high growth in the manufacturing sector, industrial output grew by 7.6 per cent during the first quarter of the current financial year, as against a growth of 5.7 per cent registered during the same period last fiscal (April-June ... More

Dilemma over inflation control
IT is not unusual to find unity in adversity, especially in politics which is known to make strange bedfellows. But in Indian politics, even adversity can fail to forge unity among politicians who are on the extremes of the ideological spectrum, ... More

ENVIRONMENT
`Eco pot' in market soon
YET another value-added product from coir, in the form of an environment-friendly garden pot or `Eco Pot', is to hit the market soon. The product, developed by the Palani-based Bio Farms, is intricately woven with thin bamboo sticks and ... More

FOREIGN TRADE
Indian Ocean Rim members seek unified regulatory framework for e-commerce
CONSIDERING the significant economy advantage that electronic commerce offers, experts from the Indian Ocean Rim countries have urged the member countries to evolve a unified and harmonised regulatory framework for e-commerce among the members of ... More

`Thai industry can gain from ties with India'
INDIA today offers "significant opportunities" for Thai companies in food processing and agro industries, industrial estate development, building of roads and highways, construction and financial sector, the Minister of State for Commerce and ... More

Thai Cabinet endorses 82 items in FTA
THE Thai Cabinet has endorsed the 82 items in the Free Trade Agreement selected for "early harvest". This was informed by Mr Korn Thapparansi, Minister of Science and Technology of Thailand, at a seminar organised jointly the Confederation of ... More

HEALTH
Boston Scientific recalls stents in India too
MEDICAL devices company Boston Scientific Corporation has initiated a recall of specific batches of its drug-coated stents in India. The withdrawal follows Boston Scientific's recent global recall of the product due to its malfunctioning while ... More

A CRISP initiative to fight HIV/AIDS
GATI Ltd, the American Association of Physicians of Indian Origin (AAPI), the Hyderabad-based SHARE MediCiti and Metro Foundation of US have joined hands to wage a war spread across 15 States of the country on HIV/AIDS. The initiative, called ... More

AP disability data released
HYDERABAD: In Andhra Pradesh, nearly 5.82 lakh people suffer from the disability of vision, the highest among various disabilities which affect a total of 13,64,981 persons (or 1.79 per cent) of the total population of the State. While ... More

Info on health-related issues
HYDERABAD: The people in the State can get their doubts on health-related issues at the toll-free number 1100. The service is being offered through the Parishkaram (Solution) Call Centre run by eSeva. "Senior Government doctors will ... More

INFRASTRUCTURE
`Invest in infrastructure to boost exports'
THE State Government should give adequate support to the export sector in the State by making necessary investments on infrastructure such as ports, highways and SEZs, Mr N.R. Pai, outgoing president of the Cochin Chamber of Commerce and ... More

PETROLEUM
Petroleum Minister holds talks on merger of PSUs
THE Petroleum Minister, Mr Mani Shankar Aiyar, today held discussions with chief executives of public sector oil companies to explore the creation of integrated petroleum conglomerates through mergers. Among the options discussed at the ... More

PHARMACEUTICALS
NPPA fixes prices of 11 formulation packs
THE National Pharmaceutical Pricing Authority (NPPA) has fixed/revised the prices of 11 formulation packs, imported in finished form based on the bulk drug insulin and methyl prednisolone sodium succinate. "NPPA has fixed/revised the prices in ... More

POWER
Speeding up private power projects — FIs, banks insist on payment security mechanism
FINANCIAL Institutions and banks have rejected the suggestion of the Power Ministry to accelerate financial closure of pending power projects without insisting on payment security mechanisms (PSM). The Ministry has insisted that lenders take a ... More

Bengal urged to push Centre for repeal of Electricity Act
DISTINGUISHED citizens and intellectuals in the city have urged the West Bengal Government to address the Union Government for the repeal of "The Electricity Act, 2003" after they forestalled the power tariff hike announced by the State ... More

APTransco alleges cheating — Raids on Spectrum Power's former MD
OFFICIALS of the Andhra Pradesh Crime Investigation Department raided the residence and other premises of Mr M. Kishan Rao, former Managing Director of Spectrum Power Generation Ltd (SPGL), one of the first few fast track independent power ... More

TAXATION
Service tax collection up 88%
NEW DELHI: Service tax collections of the Centre have increased by 87.87 per cent during the first four months of the current fiscal. Official sources said that the total service tax collected by the Union Government during April-July ... More

Net direct tax collections up 50 pc
Net direct tax collections of the Central Government up to July 31 of the current fiscal stood at Rs 17,787 crore, representing a nearly 50 per cent increase over the net collections in the same period last year. The Budget estimates for ... More

Two task forces set up for recovery of tax arrears
THE Finance Ministry has constituted two task forces - one for direct taxes and the other for indirect taxes — for quick recovery of tax arrears due to the exchequer. On the direct taxes front, at the operating level, Member (Revenue) ... More

TEXTILES
Subsidy release assured to SSI powerloom weavers
WITH the Centre evolving a suitable procedure, securing the 20 per cent capital subsidy allowed for small-scale powerloom weavers investing in new machinery has now become easier. The weavers who had availed themselves of the subsidy scheme ... More

WATER
`Sharda-Yamuna project will create water wars'
THE Research Foundation for Science, Technology and Ecology (RSFTE) on Thursday expressed its apprehension that the Sharda-Yamuna river linking project proposed by the former Prime Minister, Mr Atal Bihari Vajpayee, would trigger water wars ... More

AP to set up desalination plant: Minister
TAKING a cue from Tamil Nadu's initiatives in desalination programme, the Andhra Pradesh Government is working on a project to take up desalination works in the State. Addressing a workshop here on Thursday, Mr Mulinti Mareppa, Minister for ... More

MANAGEMENT
AIMA to hold 2-day meet from Sept 30
THE National Management Convention, a flagship event of the All India Management Association (AIMA), will focus on the theme, `Transformation through the people and for the people'. AIMA, which is organising the two-day convention on September ... More

RADIO/TV
DD to bid for BCCI rights — Ties up for ICC Trophy, World Cup telecast
THE Prasar Bharati board has decided to go alone and will bid independently for the BCCI rights. The national broadcaster will submit a competitive bid in the next two days. The board has already set up an empowered committee to look into the ... More

EDUCATION
Kuwait to reassess Kerala medical degrees
THE Kuwaiti Government has expressed willingness to have a second look into the issue of whether degrees granted by medical colleges in Kerala would qualify doctors for recruitment to senior positions in the emirate. An assurance to this ... More

ICFAI introduces MCA programme under distance-learning
ICFAI University, an institution sponsored by the Hyderabad-based Institute of Chartered Financial Analysts (ICFAI), has introduced Master of Computer Application (MCA) programme under its distance-learning scheme. ICFAI, which has set up ... More

Maintec unit offers training course for engg colleges
PROED Training Pvt Ltd, part of the Bangalore-based Maintec Technologies group, is launching a `college partnership programme' targeted at engineering colleges across the country. Called `Mentor', the programme will initially offer IBM ... More

AP contract lecturers' plea
HYDERABAD: The Andhra Pradesh State Government Contract Employees Federation has urged the State Government to extend the service of all the contract lecturers and pay salary dues immediately. In a statement, it said though the ... More

FOODS & FOOD PROCESSING
GoM may meet next week to decide on drafting food law
THE reconstituted Group of Ministers (GoM), to be headed by the Agriculture Minister, Mr Sharad Pawar, is expected to hold its first meeting soon. Other members of the GoM include the Ministers of Health, Law, Commerce and the Minister of State ... More

Demand for coconut products set to continue
GLOBAL demand for coconut and coconut products has increased considerably in recent years and it is expected to continue in tune with the growth in world population. According to Dr P. Rethinam, Executive Director of the Jakarta-based Asian ... More

NEWSPAPERS & PUBLISHING
Away from the finance beat
THE articulate Finance Minister delighted and disappointed women journalists in the Capital on Thursday. Speaking with members of the Indian Women's Press Corps, Mr P. Chidambaram veered away from his usual finance beat and with a certain ... More

SOCIAL WELFARE
Rice scheme to be expanded in Kerala
THIRUVANANTHAPURAM: The State Minister for Civil Supplies, Mr G. Karthikeyan, has said that the Antyodaya Anna Yojna would be expanded to cover an additional 1.14 lakh beneficiaries. An official spokesman quoted the Minister as saying ... More

INTERVIEW
`Fast breeder reactor projects put on fast track'
INDIANS are now the world masters of the Pressurised Heavy Water Reactor technology — the country has 12 PHWR units running. With the technology learnt from the Fast Breeder Test Reactor project — an R&D project — the nuclear .. More

EXPORTS & IMPORTS
Relax norms for tankers, urge vegoil importers — Cite IOC's bitumen shipment as precedent
The age norms for tankers calling at Indian ports has also jacked up the freight rates for import of palm oil due to restricted availability of ships. More

ECONOMIC OFFENCES
It's time for rain gambling
Did you know that there was a time when rain gambling was a popular sport. More

Income-tax officials search offices of IT company
INCOME-tax authorities conducted searches on the offices of an IT company as part of a drive to unearth unaccounted transactions. Informed sources said a large contingent of I-T department officials conducted the searches, including those at ... More




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

Top Stories
Pakistan plots return of Taliban


Boston Scientific recalls stents in India too

Dilemma over inflation control

PC sales up 35 pc in April-June: Gartner

Bank TUs for limited transfers; strike plan stands

Sugar prices crash on extra release of free sale quota

Relax norms for tankers, urge vegoil importers — Cite IOC's bitumen shipment as precedent

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


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