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Tuesday, February 15, 2005

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INDUSTRY & ECONOMY

RESEARCH & DEVELOPMENT


Gadget to test pilot aptitude waiting in the wings
IN the cockpit of modern fighter aircraft or even civilian ones, the control panels are highly automated and electronically controlled. Does the pilot, the key man behind the controls, have the right aptitude to ensure best results? The answer ... More

IAF offers to foot vendors' R&D bills for indigenous spares
THE Indian Air Force (IAF) is looking for Indian vendors who can give it some specialised military-grade components and is willing to hand-hold them and foot the bill for the development cost. Under the indigenisation of the spares programme, ... More

ECONOMY


AP to announce new industrial policy
THE State Government plans to bring down revenue deficit significantly over next two years by laying special emphasis on reforms with a human face. It also has plans to announce new industrial policy shortly to woo investors. Addressing the ... More

States unlikely to swap Plan loans for market borrowings
STATE Governments are unlikely to bite the Finance Ministry's bait of substituting Plan loans from the Centre with additional market borrowings. The reason for this, bankers say, is the hardening interest rate environment, which is making it ... More

Kerala Govt unveils 1-year action plan
THE State Government has unveiled a one-year action plan covering all the departments as a sequel to the 100-day action plan, which concluded in December last year. The plan, styled `Kerala Fast Forward', was to start rolling on January 1 this ... More

J&K annual Plan fixed at Rs 4,200 cr
THE annual Plan outlay of Jammu and Kashmir for 2005-06 has been determined at Rs 4,200 crore at a meeting between the Planning Commission Deputy Chairman, Dr Montek Singh Ahluwalia and the Chief Minister of Jammu and Kashmir, Mufti Mohammad ... More

`Bengal has scope to go on top in agro-products'
WEST Bengal has a good opportunity to become a major global player in agro-products, provided it initiates the process of developing agro-based industries by taking advantage of its six distinct geo-climatic zones, according to Dr Partha Ghosh, ... More

FOREIGN TRADE


`Trade fairs boost bilateral trade with partner nations'
BILATERAL trade with partner countries increases after participating in trade fairs. While the impact of partnering with South Africa in the ongoing 16th International Engineering and Technology Fair at Pragati Maidan is yet to be seen, ... More

HEALTH


Hepatitis epidemic keeps Kerala Health Dept on its toes
The disease has spread to practically all parts of the State with the water-bound areas in Thrissur, Pathanamthitta and Alappuzha reporting the maximum incidence. More

Wockhardt hopes for Rs 100-cr sales in biotech products
WOCKHARDT Ltd is betting on its biotech products and is hoping to generate sales of at least Rs 100 crore from this segment. Mr Habil Khorakiwala, Chairman, Wockhardt, told newspersons that "currently, there are three main drivers — Wepox ... More

Central system to trace flow of healthcare funds
THE Centre is establishing a National Health Accounts system to trace the flow of funds from various sources and the agencies to which the funds are being disbursed across various healthcare activities. Delivering the keynote address at the ... More

PETROLEUM


Indo-Iranian gas pipeline talks get under way
THE proposed Iran-India gas pipeline will move forward in the next two days, with the two countries beginning talks on the finer details of the project. A team of officials from the National Iranian Gas Export Company and the National Iranian ... More

Iranian joint task force to study gas demand in India
IRAN has said that it is systematically expanding its gas exports and according high interest in serving the energy-hungry Indian gas market. "We are systematically expanding our gas exports. We have high interests in serving the Indian gas ... More

Aiyar moots Asian gas grid
THE Union Minister of Petroleum and Natural Gas Minister, Mr Mani Shankar Aiyar, today mooted the idea of a gas grid connecting Asian countries, which have about 55 per cent of the world's gas reserves. "Asia, which is sitting on 55 per cent of ... More

Reliance Ind to supply ATF, gas oil to Ceylon Petro
RELIANCE Industries Ltd (RIL) has won an order to supply a combination cargo of gas oil (HSD) and aviation fuel (ATF) of 3,00,000 barrels to Ceylon Petroleum (Ceypetco). This includes 1,80,000 of gas oil and 1,20,000 barrels of ATF. RIL ... More

PHARMACEUTICALS


Drug makers ask for postponement of VAT by three months
THE Indian Drug Manufacturers Association (IDMA) has called for the postponement of value-added tax (VAT) implementation by three months. "March being the financial year closing for most of our publicly-held member companies, we would request ... More

Psychotropic drugs — Retail chemists not our target, says NCB
THE Narcotics Control Bureau (NCB) has sought to clear the air over its intensification of countrywide raids with regard to the abuse of psychotropic drugs. "We are not targeting the retail chemist and don't want to cause any panic in the ... More

POWER


REL to introduce remote meter reading system
RELIANCE Energy Ltd (REL) is introducing automated meter reading (AMR) for its customers in Mumbai, Delhi and Orissa. Commencing the roll out with high-end HT and LT customers, REL will gradually cover different categories of consumers under the ... More

Damodar Valley updating 10 thermal units
IN addition to its targeted 1210 MW capacity addition, Damodar Valley Corporation has taken up a renovation and modernisation (R&M) project for revitalisation of its 1092.5 MW capacity from 10 thermal units during the remaining period of Tenth .. More

TRAVEL & PLACES


India, Russia to simplify visa procedures
THE Governments of Russia and India are on the verge of closing a negotiation on simplification of visa procedures for businessmen who want to visit Russia, the Russian Ambassador in India, Mr Vyacheslav Trubnikov, said on Friday. Mr Trubnikov ... More

EDUCATION


Padma Seshadri group opens Millennium School in Chennai
THE Padma Seshadri Bala Bhavan (PSBB) Group of Schools has tied up with Learning Leadership Foundation (LLF), a public charitable trust, to set up the PSBB Millennium School here. Mr Shantanu Prakash, Trustee, LLF, said that the investment in ... More

`Knowledge management is a must for varsities'
KNOWLEDGE management assumes greater significance in higher educational institutions, said the Vice-Chancellor of the Mangalore University, Prof. B. Hanumaiah. Delivering the founder's day lecture on `Knowledge management for higher ... More

AIR-CONDITIONERS & REFRIGERATORS


`Tax anomalies limit AC penetration in market'
The industry seeks reduction in the customs duty on basic inputs such as copper, aluminium and plastic to 10 per cent. More

INDUSTRY ASSOCIATIONS


Nominees for Assocham award
THIRUVANANTHAPURAM: The Thrissur-based Associated Chamber of Commerce, affiliated to Associated Chambers of Commerce and Industry (Assocham), has invited nominations for the Assocham Lifetime Achievement Award and Excellence in Management ... More

READYMADE GARMENTS


Garment exporters want duty drawback rates restored
THE $6-billion domestic garment export industry, employing more than 4.60 million workers, has appealed to the Finance Minister, Mr P. Chidambaram, to restore the all-industry duty drawback rates to the industry prevalent prior to January ... More

BIO-TECH & GENETICS


Gujarat to float global tenders for biotech park
THE Department of Science and Technology of the Gujarat Government has finalised plans to float global tenders to rope in a strategic partner for the proposed Rs 100-crore biotech park. It is in the process of rolling out a Biotech Venture ... More

CINEMA


AP to have film institute
THE State will have a Film and Television Institute on the lines of the one in Pune. Mr K.V. Ramanachary, Managing Director of AP State Film, Television and Theatre Development Corporation Ltd, said that the institute would be a reality soon with ... More

FOREIGN DIRECT INVESTMENT


Kamal Nath seeks more Italian FDI
THE Commerce and Industry Minister, Mr Kamal Nath, on Monday invited more foreign direct investments (FDI) from Italian enterprises, while pointing out that the actual inflow of FDI from Italy at $ 448 million was only 1.83 per cent of the total ... More

FIIs may be allowed to invest in news channels, print media — No change in FDI cap
THE Information and Broadcasting (I&B) Ministry has cleared a proposal permitting foreign institutional investors (FIIs) to pick up stake in television news channels and print media companies. But this would have to fall within the overall 26-per More

WTO


`Pay more attention to legal aspects of WTO issues'
WHILE the economic aspects of the World Trade Organisation (WTO) are frequently debated, the legal aspects do not get as much attention as they deserve, said Prof. B. S. Chimni, Vice-Chancellor of West Bengal National University of Juridical ... More

HUMAN RESOURCES


`Monetary compensation not enough for employees'
"IT is still tough to get a good HR person as in the past 15 years the industry and economy has undergone a drastic change," according to Mr Raghuram Reddam, Director, HR, Motorola. He was speaking at an HR Conclave hosted by the Rai University, ... More

EVENTS


National youth fest in Hyderabad
MORE than 3,000 youth, from all States and union territories, are expected to participate in the five-day 10th National Youth Festival beginning here on February 21. Youth representing various fields, especially art, culture and sports will ... More

CII holding auto exposition in Coimbatore from Feb 17
COIMBATORE: A two-day exposition and conference styled `AutoComp 2005-Trends & Business Opportunities in Auto Component Sector' is being organised by the CII, Coimbatore zone on Feb 17 and 18 in the city. The conference will focus on ... More

Setting the stage
A policeman stands guard on the Kendriya Vidyalaya ground in Wellington Island, Kochi, where the Prime Minister, Dr Manmohan Singh, will lay the foundation stone for the Vallarpadam international container transhipment terminal on Wednesday. ... More

ENTREPRENEURSHIP


IIM Calcutta keen on churning out entrepreneurs
THE Indian Institute of Management Calcutta (IIMC) has identified the development of entrepreneurship as a priority area. The premier management institute has decided to take concrete steps to foster an entrepreneurial spirit among management ... More

EXPORTS & IMPORTS


Exports log 33 pc growth in January
THE country's exports seem to be on a roll with the first three quarters logging 25.55 per cent growth and January 2005 registering a 33.17 per cent growth in dollar terms compared to the corresponding previous periods. Provisional figures put ... More

Exporters allowed to directly import from 8 SEZs
EXPORTERS with advance licences or licences under any other duty exemption scheme can now directly import (procure inputs) from eight specified special economic zones (SEZs) on the strength of their licences without having to furnish advance ... More

BrahMos missile export market under study
THE export market for the BrahMos supersonic cruise missile is being studied as the anti-ship version of the missile is fully ready and production has started, Dr A. Sivathanu Pillai, CEO and Managing Director of BrahMos Aerospace, said. Dr ... More

NATURAL CALAMITIES


Vizag ideal for tsunami warning centre: Expert
VISAKHAPATNAM is ideally suited for setting up the proposed tsunami warning centre, as it is situated midway between Chennai and Kolkata on the East coast, according to Prof. T.S Murthy, an international expert on tsunami warning systems based in ... More

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