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Friday, December 03, 2004

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INDUSTRY & ECONOMY

EMPLOYMENT

  • NSB Helpline for job candidates

    CLIMATE & WEATHER
    Monsoon lean patch in Kerala
    THE northeast monsoon continued its lean patch that has lasted for more than 10 days at a stretch in Kerala in a pattern normally associated with the weather system at this time of the year. The Agromet Bulletin ... More

    NON-CONVENTIONAL ENERGY
    TN: CM to inaugurate wind turbine generator
    MADURAI: The Chief Minister, Ms J. Jayalalithaa, will be inaugurating the 2-MW wind turbine generator at Chettikulam near Koodangulam in Tirunelveli district on December 8. The first of its kind in Asia, the generator has been designed ... More

    BUDGET

  • Kerala CM's offer on Budget session

    ECONOMY
    Kerala: Finance Dept needs to assert itself on spending proposals, says expert
    THE State Finance Department has not been asserting itself in recent years in dealing with spending proposals, according to Mr K. P. Joseph, former Accountant-General and an expert in public finance. "I feel that the Finance Department can ... More

    Plan outlay for Tripura pegged at Rs 804 cr
    TRIPURA'S annual plan for 2005-06 has been fixed at Rs 804 crore against the current fiscal approved outlay of Rs 700.27 crore. This was decided here at a meeting between the State Chief Minister, Mr Manik Sarkar, and the Planning Commission ... More

    Rs 685-crore Plan outlay for Mizoram
    THE annual Plan of Mizoram for 2005-06 has been pegged at Rs 685 crore as against the approved outlay of Rs 616.52 crore for the current fiscal at a meeting between the Chief Minister, Mr Zoramthanga, and the Planning Commission Deputy Chairman, ... More

    FOREIGN TRADE
    China-India trade touches $10 b in nine months
    TOTAL bilateral trade volume between India and China reached a record level of $10 billion (around Rs 45,000 crore) during the first nine months of 2004, up by 83.8 per cent against the same period last year, according to Mr Yuan Nansheng, ... More

    India Inc makes inroads into Africa — Auto majors, pharma cos join the fray
    INDIA Inc is clearly upbeat on prospects in Africa. Domestic companies, including Tata Motors, Mahindra & Mahindra, Kirloskar, Candico, Dr Reddy's and Dabur, are among those headed in droves to capitalise on the business opportunities in the ... More

    Indo-LAC meet generates enquiries worth $15m
    THE recent two-day Indo-LAC (Latin American and Caribbean Countries) Buyer-Seller Meet (BSM) in Delhi organised by the Engineering Export Promotion Council (EEPC), has generated enquiries worth $15 million and confirmed spot orders of $1 million ... More

  • Tatarstan team in Hyderabad

    HEALTH
    Doors not closed for dropped anti-AIDS drugs, says WHO
    THE World Health Organisation (WHO) will consider re-listing the dropped anti-AIDS or anti-retroviral drugs manufactured by Indian generic companies if they comply with the international requirements and standards. "We have full faith in the ... More

    Dentists group bid to make treatment costs affordable
    A GROUP of dentists in Chennai has floated a company, La Forte Dental Paradigm, which aims to get established independent dental practices to join them, and use the increasing business volume to lower its costs and customers' fees. At a press ... More

    PSU
    Kerala State Textiles Corp H1 operating profit at Rs 49.61 lakh
    The Kerala State Textiles Corporation has recorded an operating profit of Rs 49.61 lakh during the first half of the 2004-05 financial year. Announcing this, the Managing Director, Mr Jacob Joseph, said here that in doing so the company had ... More

    PETROLEUM
    Asian oil producers to meet consumer nations on Jan 6
    OIL Ministers of major West Asian crude oil producers are among those scheduled to attend an international conference in New Delhi on January 6 to discuss the stability, security and sustainability of oil supplies with major consumer nations. ... More

    PHARMACEUTICALS
    Govt scrutiny of new drugs to be more stringent
    PHARMACEUTICAL companies launching new drugs in the Indian market will now be subject to closer scrutiny by the Health Ministry. The Government plans to strengthen the post-marketing surveillance system whereby companies would have to submit ... More

    Will SAFTA boost pharma trade with Pakistan?
    THE Chairman of Pakistan's major pharmaceutical company Hilton Pharma Pvt Ltd was in India recently, meeting up with representatives of the domestic industry. Delhi-based Ranbaxy Laboratories Ltd has started preliminary studies of the Pakistan ... More

    STEEL
    Steel regulator on the anvil: Paswan
    THE Government is ready with a regulatory authority to monitor and control steel prices and could set it up whenever the need arises, the Union Minister of Steel, Chemicals and Fertilisers, Mr Ram Vilas Paswan, said here today. The regulatory ... More

    TAXATION
    Horizontal fiscal imbalances — Equity and efficacy options for transfers
    THE Twelfth Finance Commission (TFC) must be toiling on different criteria for the horizontal distribution of shareable tax revenue — the most crucial and critical part of the recommendations. The Centre-State ... More

    98,000 service providers register under self-declaration scheme
    AS many as 98,000 service providers have registered with the central excise department during the first 45 days of the Liberalised Self-Declaration Scheme, a revenue department official has said. The Finance Minister, Mr P. Chidambaram, had ... More

    VAT regime — Input tax on goods sold via inter-State trade refundable
    TAX on inputs used to produce goods sold through inter-State trade would be refundable in the proposed value added tax (VAT) regime to the extent that the input tax exceeds the output tax (4 per cent central sales tax). "The refund would have ... More

    TEXTILES
    Labour issues, slow investment pace — Meeting $50-b textiles export target `difficult'
    WITH just a month to go before the quota regime ends on January 1, 2005, there are serious doubts over whether the textile industry will be able to achieve the $50-billion export target for 2010 set by the Government. According to a ... More

    SSI
    Financing schemes for SMEs
    MADURAI: Industries are responding well to the special assistance scheme of Rs 10,000 crore for the development of small and medium enterprises (SMEs), Mr K.M. Nair, General Manager of Small Industries Development Bank of India (SIDBI), ... More

    COAL
    ONGC, CIL tie-up for coal gasification projects hits a snag
    ONGC Ltd's ambitious move to take up coal gasification projects jointly with Coal India Ltd (CIL) has suffered a setback as the latter's board has expressed reservations in undertaking such ventures as per terms specified by the OGNC in its draft ... More

    Coal blocks allotted to Videocon, Lloyds Metal, Kalinga cancelled
    THE Coal Ministry has cancelled the allocation of coal blocks to Kalinga Power, the Videocon group and Lloyds Metal, as there has been no progress in respect of the projects for which the linkages were provided to them earlier. According to an ... More

    EDUCATION
    Performance-linked promotions for teaching staff mooted
    PERSPECTIVES on the status of higher education in India and the US today clearly demonstrated the wide divergence in the challenges facing the two economies. Dr Kirit Parikh, Member, Planning Commission, speaking at the two-day `Higher ... More

    `Engg colleges short of students; on verge of closure'
    SELECT engineering colleges facing shortage of students are on the verge of closure, according to Dr N.R. Shetty, Chairman of the All-India Council for Technical Education, South Western region, Bangalore. Inaugurating a national conference on ... More

  • Legislation for varsity status

    CARS
    `Left-hand drive vehicles can be imported for R&D'
    THE Government has clarified that new vehicles can be imported for research and development purpose without being required to comply with the import condition of right hand steering and controls. This clarification comes in response to doubts ... More

    REAL ESTATE & CONSTRUCTION
    Brisk business
    Sand being transported on bullock carts on the East Coast Road near Kalpakkam, 60 km from Chennai, for supply to construction sites nearby. A cart-load of sand fetches anywhere between Rs 200 and Rs ... More

    GOLD & SILVER
    Spot gold may test resistance level
    SPOT gold prices continues to head higher as the dollar gets battered making record lows against the Euro in particular and against other major currencies as well in spite of the US economic figures coming in at the higher end of market ... More

    SCIENCE & TECHNOLOGY
    Focus on topical technology, Sibal urges Indo-US forum
    THE Minister of State for Science & Technology, Mr Kapil Sibal, on Thursday urged Indian and US scientists to focus on development of topical and frontier technologies through innovation that would enable India to bypass the lack of physical ... More

  • Union Minister visits NFC

    SOCIAL WELFARE
    `Disabled need more jobs, not concessions'
    THE Union Finance Minister, Mr P. Chidambaram on Thursday took up cudgels on behalf of the disabled, arguing for greater employment opportunities rather than concessions or subsidies to ameliorate their cause. On the eve of the World Disabled ... More

    Get set for land distribution on Jan 26, AP CM tells Collectors
    THE State Government proposes to distribute one lakh acres of land on January 26 to the landless poor in the State. The District Collectors were asked to identify suitable land for distribution at village and mandal levels and get the list of ... More

    EVENTS
    Chidambaram to inaugurate India Economic Summit
    THE Union Finance Minister, Mr P. Chidambaram, will be inaugurating the 20th India Economic Summit here on December 5. Jointly organised by the World Economic Forum (WEF) and the Confederation of Indian Industry (CII), the three-day Summit is ... More

    Rs 50-lakh biz at Print expo
    MADURAI: The fifth print and packaging fair `Print-n-Pack 2004' held here between November 26 and 30 has facilitated trade transactions to the tune of Rs 50 lakh and elicited business enquiries for Rs 1.5 lakh. The exhibition, which ... More

  • In Hyderabad today
  • Corporate quiz in Hyderabad

    EXPORTS & IMPORTS
    Rubber exporters fret over cut in quantity for subsidy
    RUBBER exporters have expressed the concern that the Government's decision to limit rubber export subsidy to 34,000 tonnes for the current fiscal would further impact the already slowing exports of the commodity. "There is no doubt that exports ... More

    Spices Board hikes airfreight subsidy for cardamom exports
    CARDAMOM prices ruled stable at auctions held in Kerala and Tamil Nadu on buying support especially from the export segment, which has been active following the announcement of airfreight assistance to exporters by the Spices Board for one month ... More

    TOURISM
    India, Brazil top list of price competitive tourism destinations
    BRAZIL and India are the most competitive tourism destinations in the world in terms of price, according to an annual study published by the World Travel and Tourism Council (WTTC). The council's `World travel and tourism competitiveness ... More

    Swiss Tourism to hold roadshows from Dec 8-16
    SWITZERLAND Tourism will organise a series of roadshows called the Switzerland Travel Experience from December 8 to16 across five cities in the country. According to an official Switzerland release, the roadshows will be held in Ahmedabad, ... More

    ECONOMIC OFFENCES

  • Anti-corruption campaign by Lok Satta



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  • Top Stories
    Govt scrutiny of new drugs to be more stringent


    India Inc makes inroads into Africa — Auto majors, pharma cos join the fray

    Sugar prices may rise on demand, lower free sale quota

    Gold output may slip on low supply from mines

    China-India trade touches $10 b in nine months

    Steel regulator on the anvil: Paswan

    ONGC, CIL tie-up for coal gasification projects hits a snag


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