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Friday, December 17, 2004

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INDUSTRY & ECONOMY

ANTI-DUMPING
Dumping duty on acrylic fibre imports from Belarus
THE Designated Authority in the Commerce Ministry has recommended imposition of definitive anti-dumping duty on imported acrylic fibre from Belarus. In its final findings, notified recently, the authority has said acrylic fibre has been ... More

ECONOMY
Prices of essential commodities have not increased: AP Minister
DESPITE an increase in the rate of inflation, prices of essential commodities in the State have not increased much when compared to last year. Except for tamarind, there is only a marginal rise in the prices of various commodities, according ... More

ENGINEERING
Engineering export promotion body raises target this fiscal
THE Engineering Export Promotion Council (EEPC), encouraged by the buoyant trend witnessed in engineering exports during the October-November period, has revised upwards its export target for 2004-05, from the earlier $12 billion to $12.75 ... More

FOREIGN TRADE
India, Czech call for greater bilateral trade
INDIA and the Czech Republic have called for stepping up bilateral trade, as the current level of trade between the two countries does not reflect the existing potential. Mr S.N. Menon, Commerce Secretary, was addressing the Joint Inaugural ... More

Centre asks cos to beef up trade with African countries
THE Union Government has urged Indian companies to strengthen distribution networks in Common Market of Eastern and Southern Africa (COMESA) countries for reaping the full benefits of trade. Inaugurating the Indo-COMESA conference on economic ... More

Input output norms for 28 new export items
NEW DELHI: The Directorate General of Foreign Trade (DGFT) has notified Standard Input Output Norms (SIONs) for 28 new export items. It has also carried out amendments /corrections/ deletions in the SIONs for 23 existing export ... More

PETROLEUM
FICCI survey calls for de-risking oil needs to mitigate price rise impact
A STUDY by the Federation of Indian Chambers of Commerce and Industry (FICCI) on `Emerging oil price scenario and Indian industry' has noted that de-risking the country's oil needs and promoting alternative sources of energy are important for ... More

Centre's assurance on Mangalore SEZ
THE Union Ministry of Petroleum and Natural Gas has informed the Kanara Chamber of Commerce and Industry (KCCI) that the Oil and Natural Gas Corporation (ONGC) has been advised not to commit itself to huge financial investments in downstream ... More

PHARMACEUTICALS
COUNTDOWN TO PATENTS REGIME - 2005
Will generic drugs from India dry up?
The concern peaked last night, with the increasing likelihood of the Government bringing in product patents through an Ordinance. More

POWER
Towards energy conservation and rational pricing
AS the Prime Minister, Dr Manmohan Singh, launched a multi-sectoral National Campaign on Energy Conservation on Tuesday here with the twin objectives of fostering public awareness of the importance of energy conservation and to make people part ... More

`Kudankulam N-project to be ready by 2007'
THE Kudankulam Nuclear Power Project will be ready for operation much before the scheduled date of completion, according to its Director, Dr S.K. Agrawal. Addressing a team of mediapersons from Madurai on a visit to the project site at ... More

Minister urges power distribution cos to adopt global best practices
THE Union Minister of Power, Mr P.M. Sayeed, has urged State-owned utilities and private distribution companies to adopt international best practices for quality and reliable power supply to consumers. ``Though our progress in generation has ... More

TAXATION
States' share in divisible tax pool may be hiked to 30.5 pc — 12th Finance Commission to submit report today
STATES may receive a higher share of the Centre's tax revenue kitty for the five-year period starting from April 1, 2005. The 12th Finance Commission is set to recommend an increase in the States' share in the divisible pool of taxes from the ... More

More taxes to come under VAT net
CORPORATE India may have some cause for cheer. Compensatory entry taxes, turnover tax and special additional tax forked out by India Inc will be `VATable' in the proposed value-added tax (VAT) regime that will replace sales tax from April 1, ... More

VAT panel to initiate national-level talks
THE Empowered Committee of State Finance Ministers, formed to implement Value-Added Tax (VAT) in all States, has decided to distribute a White Paper on the subject to various trade bodies under the leading chambers of commerce for initiating a ... More

TEXTILES
No takers yet for textile cluster infrastructure scheme funds
THE Centre has set aside Rs 76 crore to be spent for the 10th Plan period under the special Textile Centre Infrastructure Development Scheme (TCIDS). However, in the last two years of the scheme running, no project has reached the stage of ... More

TYRES
Truck, bus tyre production dips marginally in Oct
TRUCK and bus tyre production touched 9.22 lakh pieces during October 2004, which is marginally lower than the production level of 9.23 lakh tyres recorded in the previous month. Production in this category, which accounts for over 60 per cent ... More

COAL
Shortage of explosives may lead to cutback in coal production
ALL explosive manufacturing units located at various coal mines have stopped production since Wednesday this week following an abnormal rise in the price of ammonium nitrate, the main input used in the manufacture of explosives. During the ... More

PERSONAL PRODUCTS
Assocham sees 4 pc growth in FMCG sector during next fiscal
THE Rs 48,000-crore fast moving consumer goods (FMCG) industry, which grew by a mere 1.5 per cent during the last four years, is all set to achieve 3-4 per cent growth in 2005-06, according to a survey by Assocham. The Assocham President, Mr ... More

RADIO/TV
PM launches Prasar Bharati's DTH service
THE Prime Minister, Dr Manmohan Singh, on Thursday said that Prasar Bharati's free DTH service was a step forward in the continuing process of emotional integration. Speaking after the launch of the DTH service, Dr Singh said that while DTH has ... More

EDUCATION
Call to focus on vocational training, not reservation
INSTEAD of insisting on reservations in the private sector, the country should focus on preparing the workforce, including those from the marginalised sections, to tap the unfolding business and employment opportunities, sections of the corporate ... More

MMA students' convention from tomorrow
THE Madras Management Association (MMA) will conduct its third management students' convention on December 18 and 19 here, with this year's theme being `Building World-class Small and Medium Enterprises (SMEs).' Over 500 management and ... More

Industrialists lay stress on quality education
THE need for high quality `purposeful' education over mere literacy rates was highlighted at the inaugural session of the two-day national conference on `Linking Learning & Livelihoods in the New Economy: Ideas, Innovations, Solutions' here on .. More

AUTOMOBILE COMPONENTS
ACMA not too worried about Re rise
THE rise of the rupee against the dollar is not a matter of serious concern to the Automotive Component Manufacturers Association of India (ACMA). The auto components industry expects exports to reach $1.35 billion (Rs 6,075 crore) in the current ... More

GOLD & SILVER
Altos launches gold accumulation programme
ALTOS Advisory Services Pvt Ltd has launched a derivative-based gold accumulation programme in tie up with Multi-commodity Exchange of India (MCX). Mr S. Venkataraghavan, Senior Business Manager, Altos Advisory, said that investors can exploit ... More

BIO-TECH & GENETICS
Hyderabad to host BioAsia meet in Feb
THE second edition of BioAsia, the global bio-business forum, will be held in Hyderabad from February 10-12, the Andhra Pradesh Deputy Secretary and Director of Biotechnology, Industries & Commerce, Dr Ashok, announced here on ... More

DISINVESTMENT
Disinvestment Dept `divested' of full-time Secretary — Sisodia to hold additional charge
ONLY last year, it was the most happening Ministry, headed by the most high profile of Ministers and bureaucrats and also the most sought after reporting beat. Now it has been reduced to a mere Department that no one apparently wants to head. ... More

RURAL DEVELOPMENT
Pickle project launched in TN
MADURAI: The New Anna Marumalarchi Thittam (NAMT) aimed at promoting rural entrepreneurs has stepped ahead with one more project, Keo Food Products, engaged in the manufacture and packaging of pickle under the brand name `Eye' becoming ... More

SICK UNITS

  • FAPCCI meet on reviving sick SSI units

    PEOPLE

  • New PGM for Hyderabad telecom dist



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