INDUSTRY & ECONOMY
CLIMATE & WEATHER
Deluge in Kochi
Incessant rains since Saturday morning have submerged vast tracts of Kochi city and its suburbs. The city received 19 cm of rain overnight. Arterial roads and low-lying areas have gone underwater, causing hardship and traffic disruption. ...
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ECONOMY
Centre completes 44 pc borrowings in first half
IN the first six months of this fiscal, the Centre has managed to complete just a little over 44 per cent of its budgeted market borrowings. This leaves a sizeable chunk of borrowings to be done during the second half, coinciding with the ...
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US, allies divided over debt relief to poor nations
THE major industrial nations are still to come to final terms with the broad outline on debt relief - an issue that received a lot of attention at the annual meetings of the World Bank and the International Monetary Fund here. There are deep ...
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Manufacturing to gain momentum: CII
THE Indian manufacturing sector is expected to "gain momentum" this financial year, having witnessed an "impressive growth" for the quarter ended June 2004 over the previous corresponding quarter. As per the ASCON survey, carried out by the ...
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World Bank changes strategy for lending to States
THE World Bank has signalled its intention to open up new opportunity for engagement with India's largest and poorest States, undeterred by the controversy that led to the dropping of foreign experts including the bank's representatives from the ...
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ENGINEERING
EEPC's concern over project exports
The Engineering Exports Promotion Council (EEPC), whose members accounted for exports of $10 billion in 2003-04, is of the view that industrial projects exporters can be best served by only it. Expressing concern over the move to bring project ...
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ENVIRONMENT
West Bengal plans law to protect East Kolkata wetlands
THE West Bengal Government will soon frame a law to protect the 8,000-acre East Kolkata wetlands. Declared as a Ramsar site, the State Government is considering proposals to develop the marshy land as an eco-tourism destination, combining ...
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EXCISE AND CUSTOMS
Ministry reverses cenvat credit norm
IN a reversal of its earlier stance, the Finance Ministry has now said that cenvat credit (modvat) would not be admissible on inputs used in the manufacture of finished goods on which duty has been remitted due to damage or destruction of such ...
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PETROLEUM
Oil import bill may queer the pitch for Govt
ONE factor that has made any economic forecasting and projections difficult this year has been the surging crude oil prices. The possibility of an oil shock is looming as the NYMEX futures for short month has been trading firm around $50 ...
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POWER
APTransco to open more consumer service centres
THE Transmission Corporation of Andhra Pradesh (APTransco) will shortly open a number of new Consumer Service Centres in the rural areas. These would be in addition to the existing 350 centres at the sub-divisional level and would facilitate the ...
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APTransco lines up steps to prevent tariff hike
THE Transmission Corporation of AP (APTransco) and distribution companies have prepared a three-tier strategy to ensure no further tariff hike notwithstanding rise in inflation rate and steep hike in fuel cost. The strategy aims at reducing ...
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KSEB to fill 4,000 vacancies
THIRUVANANTHAPURAM: The public utility, the Kerala State Electricity Board (KSEB), proposes to recruit some 4,000 persons to fill positions falling under various categories. The Electricity Minister, Mr Aryadan Mohammed, gave an ...
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TAXATION
Allocation of fuel cess — GoM to lay a new roadmap
Following differences, the Government has set up a Group of Ministers to work out a formula for the allocation of additional fuel cess. This would pave the way for an amendment to the existing Central Road Fund Act, 2000.
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Sales tax revenue sources in Kerala not fully exploited, says study
GROWTH in Kerala's sales tax revenue over the last 26 years in relation to own tax revenue and total tax revenue has been confined to a narrow 12-per cent to 14- per cent band, implying that the full potential of this vital source of revenue has ...
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WATER
100 tubewells to be sunk in Kerala
THIRUVANANTHAPURAM: The Minister for Water Resources, Mr Thiruvanchoor Radhakrishnan, has directed the Ground Water Department to sink another 100 tubewells to reach drinking water to villages without protected water supply schemes. ...
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LEATHER
ILPA in talks with BOT firm for Kolkata leather park
WORK pertaining to the proposed leather goods park at Bantala near Kolkata, where the Calcutta Leather Complex (CLC) is coming up, is expected to begin soon. Speaking to newspersons on the various highlights of the three-day 10th edition of the ...
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INDUSTRY ASSOCIATIONS
FICCI summit to explore rural marketing strategies
MORE than 300 top corporate leaders and professionals engaged in the rural market are expected to participate in Rural Marketing Summit 2004 organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) on October 5 and ...
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BIO-TECH & GENETICS
Biomedical centre inaugurated in Bangalore
BANGALORE: The International Centre for Biomedical Sciences and Technology, a unit of Frontier Lifeline and Dr K.M. Cherian Heart Foundation, has been inaugurated by the President, Dr A.P.J. Abdul Kalam. The centre, with its biomedical ...
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Biotech research programme
THIRUVANANTHAPURAM: The Sree Buddha College of Engineering at Nooranad in Alappuzha and the Laboratory of Microbial Biotechnology, France, have decided to conduct collaborative research in the field of Biotechnology. An official said ...
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FASHION
NIFD to set up centre in Vizag
VISAKHAPATNAM: The Chandigarh-based National Institute of Fashion Design (NIFD), of Ms Ritu Beri, will set up a centre here. It is to be inaugurated by Ms Tanushree Dutta, Femina Miss India-Universe 2004, on Tuesday. Mr K. Pratap Kumar, ...
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RURAL DEVELOPMENT
Andhra Bank, SBI, SBH bag KVIC awards
ANDHRA Bank, State Bank of India (SBI) and State Bank of Hyderabad (SBH) have bagged the awards set up by the Khadi and Village Industries Commission (KVIC). The Commission has for the first time set up awards for the best banks that were ...
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`Corporates should help in rural development'
CORPORATE bodies and banks have a significant role to play through contribution to strengthening the human and social infrastructure in the rural areas by committing a certain percentage of their profits for the purpose , the Chairman and the ...
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INTERVIEW
`Economic insecurity most important problem of working class'
Mr Guy Standing, Director of the International Labour Organisation (ILO) Programme on Economic Security, has been working for five years to prepare a report on economic security of the global labour force. Today he released the report titled `Economi c Security for a Better World' which points out towards various contradictions of traditional support system and the process of economic globalisation and free trade. In an exclusive interview with Business Line, Mr Standing shares his thought s on the report and its findings.
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EVENTS
`Reforms have left farm sector in crisis'
THE Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has said that a decade of reforms has left the agricultural sector in crisis. "We need to help the sector which has been ridden to crisis," he said. Dr Reddy made this observation at ...
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Engagements
PEOPLE
K.N. Raj: Kerala's finest economist
AT a conference in Thrissur, organised last week by the Department of Economics, St Thomas College, several of the best minds in the country came together to pay glowing tributes to a son of Kerala who can be called - without fear of ...
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