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CLIMATE & WEATHER
Northwest India may end up with deficient rainfall
THE impending spell of rains expected from the weekend is not likely to bring about any significant change to the hot and dry conditions prevailing in Northwest India, especially West Rajasthan and parts of Punjab and Himachal Pradesh. With ... More

AUTOMOBILES
Duty, taxation structure for auto sector needs radical changes: Montek
THE duty and taxation structure that governs the automotive sector needs radical changes, not marginal fiddling, Dr Montek Singh Ahluwalia, Deputy Chairman of the Planning Commission, said while speaking at the annual convention of the Society of ... More

ECONOMY
Bush for pro-growth agenda
THE President, Mr George W. Bush, has taken the position that the right way for the US to respond to the growing economic challenges is not to retreat to economic isolationism but to pursue policies that include a ... More

EXCISE AND CUSTOMS
Hilli truck logjam adding to transaction costs: Exporters
LACK of concerted efforts by government agencies at land customs stations (LCS) is threatening to derail the country's exports to Bangladesh through the LCS in North Bengal, and in the process add to transaction costs in a big way. While the ... More

FOREIGN TRADE
Special package for textile, tea in the offing
THE Government on Wednesday welcomed the recent WTO ruling on the US anti-dumping law, stating that more such rulings were required to discipline the developed countries and prevent free and fair trade from getting vitiated. This was stated by ... More

Chinese trade delegation meets AP CM
HENAN Province in China and Andhra Pradesh are likely to forge commercial and trade relations. The Governor of the Chinese Province, Mr Li Chengyu, met the Chief Minister, Dr Y.S. Rajasekhara Reddy, here on Wednesday. Mr Chengyu explained the ... More

Foreign Trade Policy bold, sector-specific: FIEO
THE Federation of Indian Export Organisations (FIEO) is upbeat about the impact of the Foreign Trade Policy announced by the Commerce and Industry Minister, Mr Kamal Nath, here on Tuesday. Commending its "bold sector-specific initiatives,", the ... More

PSU
Paswan asks PSU officers to focus on public grievances
THE Minister for Steel, Chemicals and Fertilisers, Mr Ram Vilas Paswan, has directed the Chief Vigilance Officers (CVOs) of all the public sector undertakings (PSUs) under the administrative control of the Ministry of Steel to set apart certain ... More

PETROLEUM
BPCL to set up Rs 318-cr base oil production unit at Trombay
BHARAT Petroleum Corporation Ltd is setting up a Rs 318-crore, 1,80,000-tonne unit for producing base oil, raw material for producing automotive and industrial lubricants, at its Trombay refinery. The project, which is independent of BPCL's ... More

USTDA grant for study on gas grid
THE US Ambassador to India, Mr David Mulford, and the GAIL (India) Ltd (Gas Authority of India Ltd) Chairman and Managing Director, Mr Proshanto Banerjee, on Wednesday signed an agreement for jointly funding and undertaking a feasibility study on ... More

POWER
Mega power producers may have to sell 25% to more than one State
THE Government is planning to make it mandatory for `mega' power producers to sell a minimum of 25 per cent of their project capacity to more than one State. The move, which the Power Ministry is in the process of piloting as a Cabinet note, ... More

TAXATION
Tea industry, trade seek 4 pc VAT
TAXATION of tea continues to be a burning issue for both the industry and the lawmakers. The domestic tea industry's attempts to get the value added tax (VAT) rate on tea to be pegged at 4 per cent has almost come a cropper, with most States keen ... More

TEXTILES
Removal of age restriction for used machinery imports — Textile sector smiles, machinery makers frown
THE removal of vintage restriction for import of used capital goods under the new national foreign trade policy (NFTP) unveiled on Tuesday by the Commerce Ministry will cheer the investors in the textile weaving industry. The move meets one of ... More

WATER
Riverbank filtration can improve water quality: Study
RIVERBANK filtration has been used world over for improving the taste and smell of drinking water as also to remove hazardous pollutants such as industrial solvents. But US researchers have now found that the soil alongside a river can remove ... More

EXIM POLICY
Kerala chambers hail Foreign Trade Policy
THE trade and industry has welcomed the Foreign Trade Policy announced by the Union Commerce Minister by describing it as a well-designed document for export promotion. As in the Union Budget, the FTP also places greater emphasis on the export ... More

`Trade policy to ensure efficiency of system'
AS Indian exporters are operating on "thin margins" and with the margins going down, the biggest challenge is to bring efficiency into the system which the new Foreign Trade Policy has addressed itself squarely by drawing a roadmap for the medium ... More

ESC welcomes Foreign Trade Policy
THE Electronics and Computer Software Export Promotion Council (ESC) on Wednesday welcomed the new foreign trade policy saying that it rightly emphasised the integrated approach to exports. In a statement issued here, ESC also welcomed the ... More

4 panchayats to gain from export zone relaxation
THE relaxation of the threshold limit for `Towns of Export Excellence', announced in the Foreign Trade Policy, will significantly help Kerala's seafood processing areas located in Alappuzha district. Four panchayats in the district can now ... More

`Target Plus' will pep up new investments'
THE provisions of the `target plus' scheme announced in the new foreign policy will encourage new investments and undertaking of fresh contracts at competitive price, said the Indian Chamber of Commerce and Industry, Coimbatore. In its reaction ... More

EDUCATION
Australia emerging major destination for Indian students
THE number of Indian students going to Australia for under graduate and post graduate studies is expected to go up by 15-20 per cent in the current calendar year, according to Mr Ravi L. Singh, Managing Director of Global Reach, an education ... More

REAL ESTATE & CONSTRUCTION
Call for national real estate development policy
The Natcon convention aimed at promoting real estate development is expected to see the participation of 600-700 delegates from across the country. More

READYMADE GARMENTS
Frequent changes in textile quota policy resented
APPAREL exporters claim that there is a pronounced gap between the Union Government's aim to promote exports and the situation on the ground. At a press conference here, office bearers of the Apparels and Handloom Exporters Association ... More

CINEMA
Karnataka's decision on non-Kannada films — `A narrow approach to a larger problem'
The genesis of this issue stems from the poor performance of Kannada films during releases, prompting Kannada Film Producers' Association to seek a deferment of release of non-Kannada films. More

Top Stories
FII investment grows 1,602 pc last fiscal at Rs 45,767 crore

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