The Hindu Business Line : Friday, January 14, 2005

Raghuram Rajan for calibrated roll-out of economic policies
INDIA is a large and complex country and as such, it would be unwise to roll-out major economic policies nation-wide in one go. Instead, it would be better if policy initiatives are implemented first over a smaller area on experiment basis and ... More

`Reform-driven countries must formulate credible policies'
NOBEL laureate Prof. Finn E. Kydland on Thursday advised policy makers in reform-driven economies such as India to formulate credible and forward looking policies that can stand the test of time. Transparency was paramount, he said and ... More

Bengal seeks fiscal incentives for 6 districts
THE Chief Minister of West Bengal, Buddhadeb Bhattacharjee, on Thursday appealed to the Centre to extend the fiscal incentives to the six districts of North Bengal that are now applicable to the North-East States. He said this was urgently ... More

ELECTRONICS

Move for Nanotech Park, clusters for electronic units
THE State Government has decided to create electronic manufacturing clusters (EMCs) and set up a Nanotech Park in efforts to attract leading hardware manufacturers. Announcing this at the ETSA 2005, the IEEE Conference on Smart Appliances, ... More

FOREIGN TRADE

Indo-UK trade panel launched
THE Indo-UK Joint Economic and Trade Committee (JETCO) was launched here on Thursday by the Union Commerce and Industry Minister, Mr Kamal Nath, and the visiting UK Secretary of State for Trade and Industry, Ms Patricia Hewitt. The launch of ... More

Look at this!
The UK Secretary of State for Trade & Industry, Ms. Patricia Hewitt, with the Minister for Commerce and Industry, Mr Kamal Nath, before signing an agreement on the setting up of Indo-UK Joint Economic Trade Committee in the Capital on Thursday. . More

HEALTH

Meet on facial defects in Hyderabad
HYDERABAD: In Andhra Pradesh, more than 1,900 children are born every year with facial defects. In India, at least 3,500 children are born with cleft and cranio-facial problems. However, there are very few centres providing ... More

INFRASTRUCTURE

Cabinet refers SEZ Bill to GoM
THE long pending comprehensive legislation on special economic zones (SEZs) has been further delayed with the Union Cabinet on Thursday deciding to refer it to a group of ministers (GoM). "The Bill was discussed and referred to a Group of ... More

PETROLEUM

Kerala observe oil conservation fortnight
THE Oil and Gas Conservation Fortnight 2005, organised by the public sector oil companies in India to spearhead the oil conservation movement, will be observed in the State from January 15-31. As part of the OGCF 2005, various programmes are ... More

PHARMACEUTICALS

Health, food supplement cos eye Indian market
FOREIGN health and food supplement companies are eager to tap the Indian market even as the Health Ministry is yet to come out with a separate legislation for control and regulation of food supplements in the country. Leong Vee Chong, Malaysia ... More

POWER

Move afoot for Rs 3,000-cr HVDS power project
THE State Government and power utilities have firmed up plans for a Rs 3,000-crore high-voltage distribution system (HVDS), to provide reliable power supply at affordable costs to the over 1.6 crore consumers. The HVDS is expected to further ... More

TEXTILES

FAITMA signs MoU with Germany
MR Arvind Poddar, President, the Federation of All India Textile Manufacturers Association (FAITMA) and Dr Josef A. Beckman, President, Confederation of the German Textile and Fashion Industry, have signed a memorandum of understanding at ... More

Govt plans merger of two textile schemes
THE Government is considering merging the apparel parks for export and the Textile Centres Infrastructure Development (TCID) schemes to give the industry greater "flexibility" for investing on a higher scale to take advantage of the post-quota ... More

Ceiling on capital subsidy for powerloom sector hiked
THE Government on Thursday raised the ceiling on capital subsidy for the powerloom sector from Rs 60 lakh to Rs 1 crore under the Technology Upgradation Fund Scheme (TUFS) and increased the rate of capital investment subsidy availed of by small ... More

TYRES

Nov bus, truck tyre output dips
TRUCK and bus tyre production declined in the month of November 2004 to 9.04 lakh units as against production level of 9.22 lakh units recorded in October last year. Production in this category, which accounts for over 60 per cent of total tyre ... More

EDUCATION

Sibal for investment in HR resources
WITH pharmaceutical and auto companies increasing R&D efforts there is an urgent need for skilled personnel in these areas. According to the Union Minister for Science and Technology and Ocean Development, Mr Kapil Sibal, giving autonomy to ... More

Harvard varsity plans office in Mumbai
HARVARD University is unleashing a major initiative on South Asia. Among its plans is a programme that allows faculty members to visit countries like India for gaining greater experience. The famed US institution has proposed to set up an ... More

Stanford B-school plans programmes for growing cos
Globalisation of India Inc., with a few success stories like Infosys, has led Stanford Graduate School of Business to broaden its scope of programmes for growing companies. However, the business school has no plans to either franchise its ... More

ISB to consider high CAT scores

AUTOMOBILE COMPONENTS

`Auto component units must invest more in R&D'
INDIAN auto component manufacturers will have to establish their own research and development centres and design "Made in India" products, according to Mr N. Venkataramani, Managing Director, India Pistons Ltd. Currently, he said, the West ... More

GEMS & JEWELLERY

Dazzling pebbles
Iranian precious stones on display at the 65th All India Industrial Exhibition in Hyderabad. The gems, believed to attract love and friendship, are a great choice for engagement rings. ... More

INDUSTRY ASSOCIATIONS

Chamber hails Press Note 18 changes
THE Federation of Andhra Pradesh Chambers of Commerce & Industry (FAPCCI) has welcomed the announcement of the Prime Minister that the restrictive clauses of Press Note 18 for all future joint venture foreign partners would be done away with. ... More

`Plea to set up passport office in Mangalore'
MANGALORE: The Kanara Chamber of Commerce and Industry (KCCI) has urged the Union Government to set up a passport office in Mangalore. In a letter to the Union External Affairs Minister, Mr K. Natwar Singh, copies of which were released ... More

HANDLOOM

AP Govt staff urged to wear handloom
STATE Government employees could be found wearing handloom dresses every Saturday if the Joint Action Committee (JAC) succeeds in its move. In what it touts as a step to protect the weavers and those depending on the handloom sector for ... More

SMALL SAVINGS

Redemption of 10.5 pc special securities to hit NSSF income
THERE is some bad news for investors who park their monies in the various small savings schemes administered by the post office. The earning power of the National Small Savings Fund (NSSF) — the accumulations from which go to service the ... More

RURAL DEVELOPMENT

Canara Bank signs pact with Ministry for rural schemes
CANARA Bank has signed a Memorandum of Understanding (MoU) with the Development Commissioner (Small Scale Industries), Union Ministry of Small Scale Industries (SSI) for mutual cooperation in promotion of employment through micro and macro ... More

ENTERTAINMENT & LEISURE

`Entertainment industry yet to gear up for digital era'
INDIAN entertainment industry, estimated at about $4 billion (around Rs 17,200 crore), is set to double in about four years, given the current rate of growth of about 20 per cent per annum, and is likely to witness a wave of consolidation. The ... More

INCOME TAX

PM's Relief Fund: Clarification on 80-G benefits
EMPLOYEES making donations to the Prime Minister's National Relief Fund, the Chief Minister's Relief Fund or the Lieutenant Governor's Relief fund through their respective employers would also be eligible for Section 80 G benefits. The claims ... More

NATURAL CALAMITIES

Too poor to be protected?
The individual insurance net is an option only for those with stable incomes and something to spare after meeting basic needs. How then do we protect the poorest of poor people, when a calamity like tsunami strikes? More

Breaking news
Media organisations, particularly news channels relying on images, were completely overwhelmed in their coverage of the Tsunami disaster. More

Tsunami: Japan offers assistance in reconstruction
JAPAN has offered all possible assistance in the reconstruction work being currently taken by the Union Governmentin areas affected by the recent tsunami. A high-level delegation led by the Japanese Minister for Economic, Fiscal Policy and for ... More

Bhuj experience proves useful in Andamans
COMPARISONS between the devastating Bhuj earthquake four years ago and the December 26 quake-triggered tsunami that struck the southern States and swamped islands in the Andamans archipelago are bound to happen. But there was one silver lining ... More

IMA disaster management cells
THIRUVANANTHAPURAM: The State unit of the Indian Medical Association (IMA) will set up its own permanent disaster management cells at the State and district-levels. IMA volunteers trained exhaustively in disaster management and ... More

Pictures of missing persons
THIRUVANANTHAPURAM: The official Kerala Government Web sites, www.kerala.gov and www.prd.kerala.gov.in will feature the pictures of 500 persons missing in Tamil ... More

Singareni donates to CM fund
HYDERABAD: The Singareni Coal Mines Union's has presented a cheque for Rs 87,76,800 to the State Chief Minister, Dr. Y.S. Rajasekhara Reddy, towards the Chief Minister' Relief Fund for helping the tsunami victims in the State. All ... More

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