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Saturday, December 04, 2004

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INDUSTRY & ECONOMY

EMPLOYMENT
AP to set up panels for job scene monitoring
Twelve sectors will be identified for employment generation. More

CLIMATE & WEATHER
El Nino traced to `variations' in Indian Ocean
LATEST research findings in the US have linked events in the Pacific Ocean, such as the initiation of El Nino episodes, to variations in the East Indian Ocean. These large organised weather systems may prefer to travel over water affecting ... More

COURTS/LEGAL ISSUES
SC tells Reliance Info to pay up entire demand made by BSNL — Refers case to Delhi HC
THE Supreme Court on Friday referred the dispute between Reliance Infocomm and Bharat Sanchar Nigam Ltd to the Delhi High Court even as it directed the former to pay the full amount of Rs 182.7 crore as demanded by BSNL for illegally routing ... More

ECONOMY
Finance Minister assures support to States on VAT — Allays fear of revenue loss
THE Finance Minister, Mr P. Chidambaram, on Friday sought to allay apprehension of States that the proposed value-added tax (VAT) regime would result in loss of revenues for them. He reiterated the Centre's support to the States for making up ... More

OECD report sees halt in recovery
THE Organisation for Economic Cooperation & Development (OECD) has said that hopes had been dashed about recovery in the gross domestic product (GDP) growth in the US with real GDP growth in OECD area forecast to be around 2.9 per cent in 2005 . More

Cheaper fuel prices keep inflation rate static
THE annual wholesale price index-based inflation remained unchanged at 7.34 per cent for the week ended November 20, according to data released by the Ministry of Commerce and Industry on Friday. The year-on-year inflation was unchanged at the ... More

Unorganised sector to invite suggestions for new schemes
THE National Commission on Enterprises in the Unorganised and Informal Sector is to invite specific suggestions from all stakeholders for formulating specific programmes and schemes for addressing the needs of the informal sector in identified ... More

FOREIGN TRADE
India, Russia identify banking, IT for future cooperation
"Both sides agree to encourage and assist investments in the energy sector by Indian companies in Russia and those by Russian companies in this sector in India." More

Indo-Italian Chamber fair to boost trade
WITH tourism and trade between India and Italy set to grow, the Indo-Italian Chamber of Commerce and Industry is hosting a festival of fashion, food, jewellery, music, tourism, literature, design and film. It is being held in Mumbai, Delhi, ... More

Tatarstan keen on investing in AP
THE Republic of Tatarstan of the Russian Federation has expressed keenness to invest in the petrochemicals, pharmaceuticals and information technology sectors in Andhra Pradesh. This was an important development during the meeting of the ... More

HEALTH

  • Medical camp at Kochi

    PETROLEUM
    OIDB my be used to set up strategic oil reserves
    THE Government is examining the possibility of using the Oil Industry Development Board (OIDB) as a mechanism for setting up strategic oil reserves in the country instead of framing a separate legislation in this regard. The OIDB was set up ... More

    Kerosene, LPG subsidy phase-out by 2007
    THE Government on Friday said that it would phase out subsidies on LPG and Kerosene by 2007. "It is the Government's stated intention to remove subsidies by 2007 and we are working towards that," the Petroleum Secretary, Mr S.C. Tripathy said ... More

    Shell returns to fuel retailing
    ANGLO-DUTCH oil major Shell has staged a return to auto fuel retailing in India after a gap of nearly three decades, opening its first petrol pump in Bangalore last week. ``We have commissioned the first of our retail outlets at Bangalore last ... More

    PHARMACEUTICALS
    `Govt must clarify on Patent Amendment Bill draft'
    THE Left parties have serious reservations on the draft of the third Patent Amendment Bill of 2003. Dr Sujan Chakraborty, CPI (M) MP and Chairman of the organising committee of 56th Indian Pharmaceutical Congress, told Business Line here ... More

    Ensure drug availability at affordable prices: Bengal CM
    THE West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, has made out a strong case for drugs to be available at affordable prices. Inaugurating the 56th Indian Pharmaceutical Congress here, Mr Bhattacharjee said, in view of the forthcoming ... More

    POWER
    DGFT clarifies on deemed export benefits for supplies to nuclear power projects
    THE Government has clarified that deemed export benefits would not be available on goods supplied to nuclear power projects prior to December 21, 2001. It has also held that supplies made on or after this date would be eligible for deemed export ... More

    SHIPPING
    Sharp growth seen in shipping tonnage
    WITH the Indian shipping industry acquiring over 1.5 million GRT (gross registered tonnage) to its fleet during the last one year, the Indian National Shipowners Association (INSA) has projected that if this trend in tonnage acquisition were to ... More

    TAXATION
    Service tax: Trade urges Govt not to accept panel proposals
    THE Merchants Chamber of Commerce (MCC) has urged the Union Finance Minister, Mr P. Chidambaram, not to accept the ex-parte recommendation of the expert committee seeking a change in the onus of collection and deposit of service tax. ... More

    Assocham for removal of double taxation on dividend distribution
    THE Associated Chambers of Commerce and Industry of India (Assocham) has urged the Government to remove double taxation on dividend distribution in its forthcoming Budget proposals for 2005-06. In a statement, the Assocham President, Mr ... More

    COAL
    T.L. Sankar heads coal sector panel
    MR T.L. Sankar, Senior Advisor (Energy Group) and former Principal of the Administrative Staff College of India (ASCI), here has been appointed as Chairman of the 7-member, Expert Committee constituted by the Centre for in coal sector. The ... More

    MEDICAL INSTITUTIONS & HOSPITALS
    Surgeons' meet in Hyderabad tomorrow
    THE XI National Conference of Royal College of Surgeons of Edinburgh (Indian chapter) will be held in the city on December 5 and 6. Around 200 delegates from India and the United Kingdom are expected to attend, Prof G. Sham Sunder, former ... More

    REAL ESTATE & CONSTRUCTION
    `Central aid for asset-creation projects may be linked to reforms agenda'
    THE Centre is mulling linking assistance for all asset-creation projects to a multi-pronged reform agenda, Mr Anil Baijal, Secretary, Ministry of Urban Development and Poverty Alleviation, today said. Addressing the International Real Estate ... More

    Hike in interest rates not to hit housing demand: Realtors
    "A 0.5-1 percentage point hike would not have much effect." More

    GOLD & SILVER
    NMDC eyes gold exploration in Tanzania
    THE Central public sector unit, National Mineral Development Corporation Ltd (NDMC), is actively considering going on a gold exploratory mission in Tanzania. However, this is not the first venture of NMDC in the African continent. It has ... More

    PAPER, BOARD & NEWSPRINT
    Rising production costs — Paper cos mull further price hike
    PAPER manufacturers are hoping to increase prices further early next year as increasing costs of production erode margins. Raw material shortage and price increase have hit both the conventional wood pulp users and those dependent on ... More

    CINEMA
    Box office hits signal revival of film industry in Kerala
    AFTER a couple of years of slump, the Malayalam film industry is showing signs of a revival with a series of box office hits setting the film world buzzing with activity. The number of films released in 2004 may be fewer than last year's 76, ... More

    PRINTING
    Labelling industry seen to cross Rs 5,000 cr in 3 yrs
    THE Rs 1,800-crore Indian labelling industry is expected to cross Rs 5,000 crore within the next three years, according to industry estimates. Along with a healthy growth of the domestic market, the country has also begun to export labels ... More

    EVENTS
    Business plan contest evokes spirited response from students
    MERA Gaon Mera Desh, a business plan contest with the intent of bringing out unique business ideas that have the potential to create value for rural India, commenced in October 2004 across 22 premier business schools in the country and 12 ... More

  • In Hyderabad today

    INCOME TAX
    Filing of annual information returns — CBDT specifies 7 categories
    THE Finance Ministry has now specified seven categories of persons who are required to file annual information return (AIR) with the Income-Tax Department. The Central Board of Direct Taxes (CBDT) has also amended Income-Tax Rules to stipulate ... More

    When attachment causes misery
    T. C. A. Ramanujam on the limitations of garnishee proceedings More

    PAN made mandatory for more transactions
    THE Finance Ministry has expanded the list of transactions for which permanent account numbers (PAN) will have to be specified in all documents pertaining to such transactions. A person making an application to a bank or a credit card company ... More

    EXPORTS & IMPORTS
    Good potential for egg exports to Gulf
    INDIAN eggs have a good market in the Gulf countries with more potential for growth and, in fact, it enjoys almost a monopoly in the region with a daily shipment of three containers. Of the total exports, 16 per cent goes from Namakkal ... More

    ALTERNATIVE MEDICINES

  • Kerala: Ayurveda medicine licence date extended

    TOURISM
    Goa, Karnataka tour operators may join hands
    TOUR operators in Goa want to develop tour packages together with Karnataka as part of the coastal tourism circuit. Tour operators there feel that Karnataka has a lot to offer in the tourism sector, according to Mr C.S. Kedar, Tourism ... More




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  • Top Stories
    ONGC bids for EnCana oilfields in Ecuador


    Sharp growth seen in shipping tonnage

    Foodgrains sowing slips, oilseeds area up

    Hike in interest rates not to hit housing demand: Realtors

    Speculation rife despite shift to T-group

    India outsourced $11 b services: ILO

    Call rates soften

    OECD report sees halt in recovery

    Shell returns to fuel retailing

    Rising production costs — Paper cos mull further price hike


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