Financial Daily from THE HINDU group of publications
Tuesday, December 14, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Subscription

Group Sites

INDUSTRY & ECONOMY

CLIMATE & WEATHER
N-E monsoon showing signs of withdrawal
Cumulative seasonal rainfall in the post-southwest monsoon has been excess/normal in 20 out of 36 meteorological divisions. More

NON-CONVENTIONAL ENERGY
Validation of bio-diesel project
HYDERABAD: The German Technical Cooperation (GTZ) has approved to fund the validation process of the bio-diesel project of Southern Online Bio Technologies Ltd (SBT). Following this, SBT has signed an agreement with DNV, a Denmark ... More

AWARDS & HONOURS
Biospectrum awards for 2004 announced
DR Cyrus Poonawalla, Chairman of Serum Institute of India, Pune, has been chosen Person of the Year and Dr Manju Sharma, former DBT Secretary, named for Lifetime Achievement for the second annual Biospectrum awards in biotechnology for the year ... More

AUTOMOBILES
Auto industry: Search for a balance
THE global automobile industry scrapes through on tests comparing the benefits of owning vehicles versus the cost to society of having them run. But portions of it are stuck in negative territory. The deficit is largely associated with ... More

BUDGET
Supplementary demands for Rs 5,063 cr introduced in LS
THE first batch of supplementary demands for grants for the current fiscal involving 56 grants and one appropriation with a net cash outgo amounting to Rs 5,063.06 crore has been introduced in the Lok Sabha today by the Union Finance Minister, Mr ... More

CHEMICALS
Explosives sector hit by rise in input prices
A STEEP rise in the cost of raw materials has led to a crisis in the explosives manufacturing sector in the country. The industry is unable to carry on production, according to the Explosives Manufacturers Association of India (EMAI). The ... More

ECONOMY
Slippage in revenue deficit target likely
THE Finance Ministry has admitted that there could be `some slippage' in meeting the revenue deficit target for the current fiscal. For 2004-05, the Centre's revenue deficit has been budgeted at Rs 76,171 crore or 2.5 per cent of the country's ... More

Assocham expresses optimism growth forecast
THE President of the Associated Chambers of Commerce and Industry of India (Assocham), Mr Mahendra K. Sanghi, has supported the Finance Minister, Mr P. Chidambaram, on his projections for the expected growth rate that the economy will register by ... More

Kerala: Mayors' meet on ADB loans
THIRUVANANTHAPURAM: The State Chief Secretary, Mr Babu Jacob, has convened a meeting of the five Mayors of the State to discuss their reservations on the raised interest rate charged on the Asian Development Bank (ADB) loans being made ... More

EXCISE AND CUSTOMS
Customs, excise duty collections dip in Nov
CUSTOMS and excise duty collections of the Central Government dipped in November 2004 as against the respective collection levels recorded in the previous month. Service tax collections for November 2004 were, however, encouraging, official ... More

FOREIGN TRADE
FICCI, Thai body sign action plan to cash in on FTA opportunities
THE Federation of Indian Chambers of Commerce & Industry (FICCI) and the Federation of Thai Industries (FTI) signed an action plan today, which is expected to give a fillip to the trade, investment and business cooperation between the two ... More

HEALTH
Cancer expert lauds palliative care programme in Kozhikode
Availability of human resource and drugs like morphine are also vital for the success of palliative care programmes. More

PETROLEUM
Most States averse to cut in sales tax for petro products
FACED with the transition to the value added tax (VAT) regime next fiscal, most States have rejected any possibility of reduction in petroleum sales tax rates as demanded by the Union Ministry of Petroleum and Natural Gas. States were under ... More

TAXATION
Industry concern over continuation of CST in VAT first year
Trade and industry's demand for a "generally identical" VAT laws in all the States was turned down. More

VAT must replace all local levies: FICCI
WITH work for the implementation of a value-added tax (VAT) regime from April 1, 2005 gaining momentum, the Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested that the proposed VAT regime should not only replace sales ... More

AP: Sales Tax Act amendment Bill introduced
A BILL seeking amendments to various provisions of the Andhra Pradesh General Sales Tax Act, 1957 was introduced in the Legislative Assembly on Monday. As per the statements of objects and reasons of the Bill, the amendments were proposed with ... More

TEXTILES
UN suggests pref treatment for LCDs in the absence of textile quotas
THE United Nations has asked the less developed countries (LDC) to put in place necessary systems to face and tap opportunities when textile quotas go weeks away from now. Dr Hafiz Pasha, Assistant Secretary-General of United nations and ... More

Texprocil signs MoU with Chinese textile council
THE Cotton Textiles Export Promotion Council (Texprocil) has signed a memorandum of understanding for mutual cooperation with the China National Textile and Apparel Council (CNTAC). According to the Texprocil press release, the objective of ... More

REAL ESTATE & CONSTRUCTION
A new `lease' on securitisation
Globalisation has fuelled the need for greater liquidity and granularity of investments in the real estate market. Securitisation — transformation of firm specific assets and prospects into marketable securities — has become an important part of financial intermediation, giving banks an opportunity to expand their services and boost lending. More

IFA Hotels woos Indian investment in Dubai
IFA Hotels & Resorts, a wholly owned subsidiary of Kuwait's International Financial Advisors and the largest investor in Dubai's The Palm-Jumeirah, is stepping up its efforts to win Indian investors who now make up 20 per cent of foreign real ... More

INDUSTRY ASSOCIATIONS
FICCI seeks change in time gap between board meetings
A SECTION of India Inc has sought reversal of the reduction in the maximum time gap between any two board meetings of a company provided in the amended Clause 49 of the Listing Agreements. As per the amendment, the maximum time gap between any ... More

READYMADE GARMENTS
Apparel industry steps up exports as quota regime draws to a close
AS the quota regime in global textile and clothing trade is all set to be over by the end of this month, Indian apparel industry has stepped up its exports to quota-restricted countries, making ample use of the available quota in the face of ... More

EVENTS
Apparel exporters to meet in Mumbai for 2-day workshop
WITH the Agreement on Textiles and Clothing nearing its end, 200 exporters of apparel and textiles goods from seven countries will meet in Mumbai for a training workshop to help them adapt to radically changed market prospects. "After December ... More

`S. Asian region must focus on enhancing competitiveness'
THE United Nations has asked the post-Colonial Governments in South Asia to give way to modern, cutting-edge and professional governments in order to benefit from the globalisation process. Addressing the regional forum on revitalising ... More

Trauma management course
HYDERABAD: The city is hosting a two-day National Trauma Management Course beginning on Tuesday. The course is being organised by the International Association for Surgery of Trauma and Surgical Intensive Care and Academy of ... More

Expo on safety from Dec 17-19 in Hyderabad
HYDERABAD: The second all-India exhibition on safety, security, fire, health and environment, SSHE-2004, would be held from December 17-19 in Hyderabad. The exhibition would showcase products and technologies covering safety, security, ... More

  • In Hyderabad today

    TOURISM
    Swiss tourism courts South India with road shows
    SWITZERLAND Tourism is aggressively targeting South India to increase the number of arrivals from this region to Switzerland with road shows and workshops for travel agents. A team of 14 stakeholders, including Swiss Air Line, Davos (the ... More




    Comments & Letters to the Editor to: bleditor@thehindu.co.in
    Subscribe to: Business Line

  • Top Stories
    N-E monsoon showing signs of withdrawal


    Treaty shopping — Plugging the Mauritius loophole

    Copper mine waste boosts crop yield

    `Chennai, Hyderabad may top outsourcing destinations'

    Auto industry: Search for a balance

    Customs, excise duty collections dip in Nov


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

    Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line