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Tuesday, November 23, 2004

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INDUSTRY & ECONOMY

NON-CONVENTIONAL ENERGY
Wind power policy opens up Govt land for developers
THE wind power policy of the State Government allows establishment of generating stations by private developers in Government as well as private lands. The policy guidelines issued by the Government state that competitive bids will be invited ... More

ECONOMY
Finance Ministry asks NIPFP to strengthen its report on subsidies
THE Finance Ministry has asked the National Institute of Public Finance and Policy (NIPFP) to strengthen its report on effective targeting of subsidies. "The report has been given back to the institute with certain suggestions. The Ministry has ... More

EXCISE AND CUSTOMS
Measures to curb misuse of area-based excise exemptions mooted
THE Directorate-General of Central Excise Intelligence (DGCEI) has recommended certain steps to curb the misuse of area-based excise exemptions by certain manufacturing units. It has suggested to the Central Board of Excise and Customs (CBEC) ... More

Bangalore zone gets Rs 425-cr Central Excise from auto sector
THE automobile industry's contribution to the Central Excise kitty in the Bangalore zone is expected to grow 23 per cent during the current fiscal. The Bangalore Zone Chief Commissioner of Central Excise, Mr N. Krishnamurthy, told Business ... More

FOREIGN TRADE
FICCI signs pact with Brazilian counterpart
FICCI on Monday signed a memorandum of understanding (MoU) with the Federation of Industries of the State of Goias (FISG), Republic of Brazil, to foster the development and diversification of commercial exchanges and economic cooperation on a ... More

`SAARC nations must bolster regional co-operation'
INDIA on Monday urged the member countries of the South Asian Association for Regional Cooperation (SAARC) to evolve a concrete agenda focussing on economic cooperation to bolster regional cooperation on a more solid basis. Addressing the ... More

HEALTH
Ranbaxy launches new drug for urological disorder
RANBAXY Laboratories Ltd today announced the launch of its benign prostatic hyperplasia (BPH) formulation, branded Flotral (Alfuzosin). It is being launched for the first time in the Indian market. This prescription medicine provides effective ... More

Global symposium on steroid hormones begins tomorrow
THE Rajiv Gandhi Centre for Biotechnology (RGCB) here is holding a three-day international symposium on `Steroid hormone receptor super family and molecular signalling' from Wednesday. Announcing this to newspersons here, Dr Raghava Varman ... More

INFRASTRUCTURE
Infrastructure projects make tardy progress
INFRASTRUCTURE development is touted as the sure-fire route to progress as also to get the economy moving on a higher growth trajectory. Yet, it is in the crucial domain of infrastructure development, projects record snail's pace movement with ... More

POWER
Industrial power consumption up in AP
HYDERABAD: The consumption of power by the industrial sector in Andhra Pradesh has increased by 18.85 per cent compared to the previous year. Consequently, the revenues of the Transmission Corporation of Andhra Pradesh (APTransco) from ... More

TEXTILES
Textile sector seeks fund to revamp high cost debt
THE textile mills sector has petitioned the Government on the need to have a dedicated fund for realigning the high cost debt sourced by "financially weak but technically viable" units. According to industry players, the current Debt ... More

TYRES
Truck, bus tyre output recovers
NEW DELHI: Truck and bus tyre production staged a recovery in September to touch 9.23 lakh units. Production in this category had dipped to 8.91 lakh units in August, against 9.53 lakh units registered in July. Production was 9.07 lakh ... More

WATER
Demand management of groundwater vital: Study
MANAGING demand for water calls for long-term planning and effective governance, say experts. A study of the A-K basin (Araniar-Kortaliyar) in North Chennai, a major water source for the city, has highlighted the need for rigorous monitoring ... More

Centre okays desalination plant in AP
THE Centre has given the nod to set up the country's first desalination plant in the Government sector at Bheemunipatnam in Andhra Pradesh. The Centre would bear 90 per cent cost of Rs 9-crore project, while the State Government will chip in ... More

Bid to maintain regular water supply to Chennai — New Veeranam to be backed by Rs 300-cr project
THE State Government hopes to supply of 840 million litres water per day to the Chennai Metropolitan Area through projects such as the recently implemented New Veeranam Scheme and the proposed seawater desalination projects, which will augment ... More

REAL ESTATE & CONSTRUCTION
Plea to make credit rating of realtors mandatory
TO enhance the comfort level of consumers while making property-related investment decisions, National Real Estate Development Council (Naredco) has urged the Government and financial institutions to make credit rating of developers and projects ... More

INDUSTRY ASSOCIATIONS
Onkar Kanwar is next FICCI President
MR Onkar S. Kanwar is the President-elect of the Federation of Indian Chambers of Commerce and Industry (FICCI). He will be assuming office as FICCI President at the conclusion of the chamber's 77th annual session to be held next month. Mr ... More

NEWSPAPERS & PUBLISHING
Govt awaits GoM report on foreign newspaper titles regn
THE Government will take a decision of permitting foreign newspaper titles from registering in India after the Group of Ministers (GoM) set up to look into the print media finalises its report. After the controversy surrounding the publication ... More

FOREIGN DIRECT INVESTMENT
Allow up to 49 pc FDI in retail sector: ICRIER
A STUDY conducted by The Indian Council for Research on International Economic Relations (ICRIER) has suggested that 49 per cent foreign direct investment (FDI) be allowed in the retail industry, pointing out that foreign players have already ... More

SOCIAL WELFARE
AP to launch insurance scheme for girl child soon
THE State Government will soon introduce an insurance scheme for households having only one girl child. Announcing this here on Monday, the Chief Minister, Dr Y. S. Rajasekhara Reddy, said the Government would deposit premium in the name of the ... More

RURAL DEVELOPMENT
Dhan Foundation to offer risk cover for self-help groups
THE Madurai-based voluntary organisation, Dhan Foundation, engaged in micro financing through promotion of self-help groups, has joined hands with the Netherlands-based Rabo Bank Foundation, to evolve and offer alternative insurance scheme ... More

EVENTS
Nurturing growth
A Lambada woman with her baby girl at the inauguration of Confederation of Women Entrepreneurs (COWE) in Hyderabad on Monday. COWE is being formed by women entrepreneurs and aspiring women in urban and rural areas of the State. It aims to provide ... More

  • Call to utilise NSS services for Mangalore city

    TOURISM
    BPCL outlets in Kerala to house tourist aid centres
    BHARAT Petroleum Corporation Ltd (BPCL) has teamed up with Kerala Tourism to set up tourist information centres at some of the company's retail outlets in the State. Called the `Bharat Petroleum Tourist Information Centre,' these information ... More

    PEOPLE
    11 industry captains in manufacturing council list
    MR Ratan Tata, Mr Venu Srinivasan, Mr Jamshed Godrej and Mr Baba Kalyani are among the 11 industrialists who will represent industry in the newly-set up National Manufacturing Competitiveness Council (NMCC). It is learnt that the member-list of ... More




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