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Thursday, September 30, 2004

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INDUSTRY & ECONOMY

ANTI-DUMPING
Dumping duty mooted on caprolactam
THE Designated Authority in the Commerce Ministry has recommended imposition of definitive anti-dumping duty on 6-Hexanelactam from Japan, the European Union, Nigeria and Thailand. 6-Hexanelacatam is primarily used in production of Nylon-6, ... More

ECONOMY
India is still a difficult place for business: Study
A World Bank study reveals that it is as difficult to start a business in the country as it is to keep it running or even to close it down. More

World economy to witness strongest year of growth: IMF outlook
IN its World Economic Outlook (WEO), the International Monetary Fund has argued that unless the events take an "awful turn," the world economy will enjoy one of its strongest years of growth this year. "It is but natural then that the ... More

ENVIRONMENT
Sethusamudram project draws flak from environmentalists
THE Sethusamudram project, envisaging the much-awaited maritime shortcut between the East and West coasts of the Indian sub continent, has invited the wrath of environmentalists, with the Mumbai-based Bombay Natural History Society (BNHS) coming ... More

Effluent issue dogs Saptarishi Agro
SAPTARISHI Agro Industries Ltd, an export-oriented unit for culturing mushrooms that hoped to begin operations this year after an 18-month break, has fallen foul of the Tamil Nadu Pollution Control Board (TNPCB) over solid waste and ... More

FOREIGN TRADE
Our exports face non-tariff barriers in India, says Lankan Minister
EXPORTS from Sri Lanka are being subjected to non-tariff barriers (NTBs) in India, which goes against the spirit of the Free Trade Agreement between the two countries, Mr Jeyaraj Fernandopulle, Minister of Trade, Commerce and Consumer Affairs, ... More

Iran woos IT companies
IRAN has asked Indian information technology (IT) companies to take part in its efforts to establish IT parks in their country. Addressing members of FAPCCI (Federation of AP Chambers of Commerce and Industry) here on Wednesday, Mr Syvosh ... More

HEALTH
Rs 100-cr healthcare city to come up in Bangalore
NARAYANA Hrudalaya Institute of Cardiac Sciences (NHICS) has taken up a project to set up a Rs 100 crore "healthcare city" in Bangalore, Dr Devi Shetty, Chairman of NHICS, told newspersons on the sidelines of Health East, a day-long convention ... More

  • Indian to head global agency

    INFRASTRUCTURE
    Expressway - A road of discord that divides the State
    THE proposed `express highway' connecting both ends of Kerala has had people of the State literally divided on its two sides: lined up on one side are those who oppose it; on the other are those who want it. Over the past couple of months, the ... More

    PSU
    `Bail out HMT Bearings'
    HYDERABAD: The Centre of Indian Trade Union (CITU), Hyderabad, has urged the Parliamentary Standing Committee on Industry to recommend to the Centre for providing sufficient working capital to help the HMT Bearings, Hyderabad, tide over a ... More

    PETROLEUM
    Oil cos' subsidy burden may double in Q2 — ONGC, GAIL, OIL to bear Rs 2,300 cr
    THE Petroleum Ministry is actively considering a proposal to nearly double the LPG and kerosene subsidy to be borne together by Oil and Natural Gas Corporation, GAIL (India) Ltd and Oil India Ltd during the second quarter of the current ... More

    ONGC to ramp up crude production
    OIL and Natural Gas Corporation (ONGC) today said that it would ramp up domestic crude oil production to 28-29 million tonnes per annum by 2007 from the current level of 26 million tonnes. Addressing a press conference here today on the ... More

    `Oil prices at $50 not sustainable'
    THE World Economic Forum today attributed the rather high $50-a-barrel oil price to stockpiling by various countries and indicated that prices would soon drop. The price would come down to a more reasonable level since the $50-a-barrel level ... More

    POWER
    CCEA defers decision on investment panel — Kahalgaon transmission stage-2 project gets nod
    THE Cabinet Committee on Economic Affairs on Wednesday approved the Rs 1,771.93-crore transmission system for the 1,000-MW Kahalgaon Stage II project in Bihar but deferred any decision on setting up an Investment Commission. The cost of the ... More

    Consumers can buy meters on their own, says KSEB
    THE Kerala State Electricity Board (KSEB) has decided to allow the consumers to buy meters on their own. Besides, the board will simplify the procedures for giving service connections. These decisions were taken at a full-board meeting of KSEB ... More

    WATER
    `Water projects on stream soon'
    THIRUVANANTHAPURAM: The Minister for Water Resources, Mr Thiruvanchur Radhakrishnan, has said that all ongoing drinking water projects in respect of which the local bodies had deposited money with the Kerala Water Authority (KWA) would be ... More

    BREWERIES
    Mallya claims deal with Chhabria on control in Herbertsons Ltd
    THE UB group Chairman, Mr Vijay Mallya, has claimed to have reached an agreement with Mr Kishore Rajaram Chhabria in a 10 year-old dispute regarding control over Herbertsons Ltd and said that he was ready to merge the company along with Triumph ... More

    RADIO/TV
    Centre says BCCI is a `state'
    ZEE Telefilms, which has challenged the Board of Control for Cricket in India's (BCCI) decision to cancel the telecast rights tender, today found an ally in the Government. Supporting Zee Telefilms on the issue of maintainability of its petition, ... More

    EDUCATION
    IIM-A plans research centres for retail, insurance sectors
    THE Indian Institute of Management Ahmedabad (IIM-A) has decided to set up two new research centres for retail and insurance sectors in partnership with industry. While Hindustan Lever Ltd would pay Rs 15 lakh each year for the next five years ... More

    INDUSTRY ASSOCIATIONS
    Leading retailers form association
    THE country's leading retailers have come together to launch an association — Retailers Association of India (RAI) — with a vision to develop, facilitate and propagate practices and processes that will grow the Indian retail industry. ... More

    NEWSPAPERS & PUBLISHING
    Group of Ministers to review print media policy
    THE Cabinet on Wednesday decided to set up a Group of Ministers (GoM) to undertake a comprehensive review of the print media policy. Speaking to newspersons, the Information and Broadcasting (I&B) Minister, Mr Jaipal Reddy, said that the ... More

    Deccan Chronicle plans IPO — Proposes three editions in TN
    DECCAN Chronicle Holdings Ltd (DCHL), publishers of Deccan Chronicle, plans to start three editions in Tamil Nadu — one each at Chennai, Tiruchi and Coimbatore — and to raise funds of over Rs 100 crore from the capital market. ... More

    DISINVESTMENT
    SAIL trying to keep SSP divestment alive, say unions
    SAIL is trying to keep alive the issue of divestment of Salem Steel Plant (SSP) by extending the validity of Jindal Strips Ltd's price bid by three months, according to the Save Salem Steel Committee. The umbrella forum of the united SSP ... More

    FOREIGN DIRECT INVESTMENT
    Bengal open to FDI in greenfield projects, says Buddhadeb
    THE West Bengal Government has mounted special efforts to attract FDI in greenfield projects in the State, particularly encouraged by the investments so far from the Japanese corporates. Clarifying the Government's stand vis--vis investments ... More

    WTO
    PSBs shaping up for bigger global push
    `The new WTO regime from 2005 will throw open a lot of opportunities for banks to finance importers-exporters and other corporates for trade. We foresee a lot of trade relationships being formed with India.' More

    SOCIAL WELFARE
    Commission soon for welfare of backward sections in minorities
    THE Union Cabinet has decided to set up a National Commission to recommend measures for the welfare of socially and economically backward sections in religious and linguistic minorities, including reservation in education and Government ... More

    RURAL DEVELOPMENT
    AP Govt mulls merger of DWCRA and Velugu
    THE State Government is considering the amalgamation of DWCRA (Development of Women and Children in Rural Areas) and Velugu (Society for Elimination of Rural Poverty - SERP) to strengthen self-help groups (SHGs). Announcing this here on ... More

    TRADE & LABOUR UNIONS
    Bengal bidi industry calls off strike
    THE five-day industrial strike called by the Federation of Biri, Biri Leaves and Tobacco Merchants and other associated bodies from September 27 was called off on Wednesday following a request from the Chief Minister's office. The strike was ... More

    E-COMMERCE & E-BUSINESS
    MetalJunction plans high-sea trading in nickel, tin soon
    METALJUNCTION.com Pvt Ltd — the Tata Steel-SAIL (Steel Authority of India Ltd) joint venture in e-commerce — is planning to commence high-sea trading of nickel and tin in India. The project, expected to eliminate the hedging cost for ... More

    EVENTS
    The Hindu Opportunities Fair from Oct 15
    COMPANIES are looking at cutting costs of recruitment and retaining staff. Jobs fairs are becoming increasingly popular with both companies and job aspirants. The Hindu Opportunities Fair is expected to draw over 30,000 job seekers and ... More

    Chidambaram for Fund-Bank meet
    THE Finance Minister, Mr P. Chidambaram, would be leaving for Washington D.C. on Thursday to attend annual meetings of the World Bank and the International Monetary Fund (IMF). During the visit, Mr Chidambaram would also attend meetings of the ... More

  • Conference on HR at Bangalore
  • In Hyderabad today

    EXPORTS & IMPORTS
    UP mills contract 40,000 t sugar imports
    AFTER Maharashtra, it is the turn of mills in Uttar Pradesh to get into the duty-free raw sugar import act. The Indian Sugar Exim Corporation (ISEC) has contracted a fresh raw sugar cargo of 40,000 tonnes of Brazilian origin scheduled for ... More

    DGFT withdraws abeyance order on DEPB rate on fish products
    THE Government has withdrawn its August 2004 order that placed the retrospective applicability of the revised 5 per cent Duty Entitlement Passbook (DEPB) rate on certain marine products in abeyance. Informed sources said that the withdrawal of ... More

    TOURISM
    `Set up Coastal Tourism Circuit'
    ESTABLISHMENT of "Coastal Tourism Circuit" is the need of the hour to provide better facilities to the tourists visiting the region, according to the President of the Kanara Chamber of Commerce and Industry (KCCI), Mr A. Srinivasa Rao. ... More

    ECONOMIC OFFENCES

  • CBI raids passport office in Hyderabad



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    Top Stories
    The Hindu Opportunities Fair from Oct 15


    H1-B visa cap may be reached early — `Restriction will bring more offshore work to India'

    `Proxy' war in bank turf

    TCS, Wipro, Infosys in race for ABN Amro deal

    IFC arm to buy Rs 45-cr carbon credits from Balrampur Chini

    ONGC to ramp up crude production

    PSBs shaping up for bigger global push

    UP mills contract 40,000 t sugar imports

    Sethusamudram project draws flak from environmentalists

    Looking back
    Sep. 19-Sep. 25
    Raw sugar imports under advance licence scheme — Govt may have to relax export obligations

    Expert cautions on internal debt

    New Zealand woos Indian students

    `Glocalisation can help preserve natural resources'

    Lobbies at work to get customs duty on maize import cut

    NTPC issue price band set at Rs 52-62

    ICICI Info consortium bags VAT panel deal — For tax information exchange system

    Infrastructure records 5.6 pc growth in April-Aug

    Row over carotenoid level in palm oil deepens — Customs authorities at JNPT levy 100 per cent duty

    `Look at price aspect to boost cement demand'

    `Bangalore leads in office space development'

    India need not worry over oil price rise for now: ADB

    Mounting steel prices hit infrastructure projects

    Higher quotes hit guar gum powder exports — Processors blame futures exchanges for high prices

    Poverty eradication is the challenge for globalised world, says PM

    Net direct tax collections up 47.66%


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