The Hindu Business Line : Thursday, October 14, 2004

AWARDS & HONOURS
Award for former Karnataka Minister
THE former Panchayat Raj Minister of Karnataka, Mr M.Y. Ghorpade, was awarded the first Mamidi Bhoj Reddy Award, instituted by Lok Satta and Foundation for Democratic Reforms, here on Wednesday. Mr Ghorpade, Minister for Panchayat Raj during ... More

FOREIGN TRADE
DGFT study to include services sector for duty credit entitlement
THE Government plans to undertake studies on various services sectors of the economy as part of its efforts to identify and make known those foreign exchange remittances that would not be counted for duty credit entitlement under the `Served from ... More

`Stiff policies deter Americans from doing biz with India'
AMERICANS still believe that the major hurdles for entering the Indian market are high tariff and non-tariff barriers, multiple layers of taxation and poor physical infrastructure among others. This was stated by Mr Kenneth I. Juster, Under ... More

HEALTH
Panacea's nimesulide injection
NEW DELHI: Panacea Biotec has introduced Nimulid Safeinject, a nimesulide injection, 75 mg/2 ml, for rapid treatment of post-operative pain. "Nimulid Safeinject, a novel therapy in postoperative pain, has early onset of action and ... More

Transradial renal angioplasty
HYDERABAD: A team of doctors at Image Hospitals conducted transradial (through wrist) renal angioplasty on a 42-year-old woman that would have significant effect in controlling blood pressure. According to a press release from the ... More

PETROLEUM
Diesel consumption rises 15.4 pc in Sept
INDIA has seen a healthy growth in diesel consumption over the half-year ended September 30. Overall consumption of diesel, one of the indicators of the country's economic performance, grew 8.8 per cent over the last two quarters compared to a ... More

`Oil prices set for correction'
INTERNATIONAL oil prices after reaching record highs were now poised for a correction, according to the International Energy Agency (IEA). Speaking to Business Line, Mr William C. Ramsay, Deputy Executive Director, said: "These prices ... More

PHARMACEUTICALS
`Mail-box' fears haunt domestic drug industry — Queering the pitch for patent related issues
CALL it "the fear of the unknown" or efforts to thwart monopolistic practices that drug companies may adopt once the patent regime comes into vogue in about 80-odd days. But the domestic drug industry has further queered the pitch on ... More

POWER
Reliance Energy awarded EPC project in Haryana
RELIANCE Energy Ltd said it has been awarded a Rs 2,097-crore engineering procurement and construction contract to build a 600-MW thermal power station for Haryana Power Generation Corporation Ltd. The foundation stone for the project was laid ... More

Karnataka working to improve energy efficiency: CM
WITH good inflows into Karnataka's reservoirs, the off-take from the hydel generating States is about 14 million units per day. Speaking at an international workshop on standards and labelling for consumer appliances for energy efficiency, the ... More

TAXATION
Fast track disposal of service tax cases
THE Finance Ministry has launched a scheme for speedy disposal of all pending technical offence cases of service tax. Under this scheme, fast track disposal camps will be organised for service tax adjudications. An official release said that ... More

Indirect tax collections up 25% in September
THE Central Government's indirect tax collections increased by 12.23 per cent during the first-half of the current fiscal at Rs 74,510.45 crore, compared with Rs 66,391.59 crore achieved in the same period last year. The collection performance ... More

SSI
Mysore chamber aims at SME revival plan
KARNATAKA'S once-famous manufacturing prowess has been showing an alarming decline in recent years, dropping to around 25 per cent of the State GDP. The employment potential of the sector, in particular of the SMEs, has fallen 25-30 per cent of ... More

WATER
ADB reallocates $60-m loan for water supply in Jaipur
THE Asian Development Bank (ADB) will help the Government of Rajasthan, to construct a new water supply system for its capital city of Jaipur through a $60-million loan reallocation under the ongoing Rajasthan Urban Infrastructure Development ... More

EDUCATION
Bill to revamp professional institutes gets Cabinet nod
CLOSE on the heels of formulating a concept paper for revamping the company law, the Government has moved a step closer towards overhauling the functioning of the three professional institutes — the Institute of Chartered Accountants of ... More

ISB to hike student intake
NEW DELHI: The Indian School of Business, Hyderabad, aims to increase its student intake to over 300 in the forthcoming academic session (2005-06), up from 276 in the current session, according to a press note. The admission for the ... More

BIO-TECH & GENETICS
CSIR on top in biotech with 202 patent applications
BASF, Novo Nordisk, Procter and Gamble Co, F Hoffmann La Roche, SmithKline Beecham, Hindustan Lever and Astra Zeneca have moved to the top in the emerging field of biotechnology in India. While BASF leads the pack with claims for 88 patents ... More

SCIENCE & TECHNOLOGY
Automation sector: Gearing up for new phase
WITH India's industrial landscape opening up with new possibilities and prospects in almost every sector, the industrial automation sector, which provides factory automation, software, instrumentation and electronic solutions to a wide gamut of ... More

EVENTS
Philately festival in Thiruvananthapuram
THIRUVANANTHAPURAM: The Department of Posts, Kerala Circle, organised a Philately Festival here to commemorate 150 years of postal services in the country. The Chief Post Master General, Ms K.N.K. Kartyayani, inaugurated the festival in ... More

In Hyderabad today

TOURISM
Kerala Cabinet approves new Abkari policy — Luxury boats eligible for liquor licence
LUXURY boats in the tourism sector in the State with an investment of over Rs 1 crore will now be eligible for grant of beer/wine licence. An announcement to this effect has been made in the new Abkari policy for 2004-05 approved by the State ... More