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Monday, March 21, 2005

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INDUSTRY & ECONOMY

ENVIRONMENT


Environmental study of Vizag on the cards
A COMPREHENSIVE study of the Visakhapatnam area is to be taken up soon by various Government agencies and industries "to provide a sound and scientific basis for obtaining environmental clearances and setting of industries," according to Mr S.V. ... More

Centre may grant forestland for Sabarimala project
Forestland is likely to be made available at Sabarimala on the condition that the State Government provide equal measure of land in the forest area for afforestation, besides bearing the cost of planting trees. More

EXCISE AND CUSTOMS


Imports under advance licence — Proposal to exempt sugar mills from 7.5 pc customs duty
A PROPOSAL has been mooted to exempt mills from payment of 7.5 per cent customs duty on raw sugar imports under the advance licence (AL) scheme. The proposal, currently doing the rounds of the market, comes even as a senior official at the ... More

INFRASTRUCTURE


SEZ plan: ONGC puts ball in Karnataka court
THE Chairman and Managing Director of Oil and Natural Gas Corporation, Mr Subir Raha, has said that the company stands by its memorandum of understanding on the formation of a special economic zone in Mangalore. However, the Karnataka ... More

Centre may grant forestland for Sabarimala project
Forestland is likely to be made available at Sabarimala on the condition that the State Government provide equal measure of land in the forest area for afforestation, besides bearing the cost of planting trees. More

PETROLEUM


BPCL opens RVI outlet at Nagole
HYDERABAD: As part of its new marketing initiative, BPCL has opened a `Retail Visual Identity' (RVI) outlet, the first in Andhra Pradesh, at nearby Nagole and plans to set up 1,000 such outlets by September. Speaking to newspersons after ... More

PHARMACEUTICALS


Pre-VAT jitters: Drug cos work out plans to allay trade fears
WITH less than a fortnight to go for the implementation of value-added tax (VAT), drug companies are devising different methods to smoothen the transition into the new regime from April 1. The VAT on medicines is 4 per cent, but the trade has ... More

TAXATION


Experts flay timing of VAT launch in West Bengal
EVEN as the countdown for introduction of value-added tax system in West Bengal (from April 1) begins, a motley bunch of speakers (an HR consultant, a TV journalist and a professional manager) had veered round to the view that while in principle, ... More

TN chamber pushes for VAT implementation
THE Tamil Nadu Chamber of Commerce and Industry has yet again urged the Chief Minister, Ms J. Jayalalithaa, to implement the VAT system in the State from April 1. In a statement, the Chamber President, Mr S. Rethinavelu, has said that the State ... More

Global tax conference in Hyderabad
HYDERABAD: The sub-chapter of the Indian Branch of the Rotterdam (Netherlands)-based International Fiscal Association (IFA), a unique international forum for discussing international tax issues, cross-border trade and commerce, is hosting ... More

TEXTILES


Textile exporters may lose out on EU preferential rates
Some players are confident that even if they miss out on concessional tariffs, Indian exports would still make up in the due course. More

Six Italian textile cos to exhibit products on April 7
SIX Italian textile machinery manufacturers are to make a presentation on their products at a seminar here on April 7. The Italian companies to take part in the presentation are Promatech-Savio, Essico Srl, Marzoli Spa, Mario Crosta Srl, ... More

WATER


World Water Day 05 at Kottayam
KOTTAYAM: Kerala State Office of the World Wide Fund For Nature-India is organising the World Water Day 05 at Consult Inn, Kottayam on Tuesday in collaboration with ATMA Nature Club, Erumely. The technical sessions will discuss the ... More

LEATHER


Call to set up environment mission for leather sector
THE leather industry has called for establishing an environment mission under the Cluster Development Scheme to implement an action plan for pollution prevention and control. The action plan, submitted to the Centre recently by the ... More

INDUSTRY ASSOCIATIONS


Extend benefits of agriculture to all value-added agri-processing: CII
THE Government should consider all value-added agri-processing as agriculture and provide benefits such as zero taxation, zero VAT, zero octroi and zero excise in order to help realise the country's potential in the area, according to the ... More

New chief for CII Karnataka
BANGALORE: Mr Daljit Mirchandani, Chairman and President of Ingersoll-Rand (India), was elected as the Chairman of the Confederation of Indian Industries/ CII (Karnataka) at the first meeting of the Karnataka State Council 2005-06 on ... More

READYMADE GARMENTS


Policy mix vital for apparel sector: Study
IN the current post-quota regime governing global trade in textiles and clothing, the domestic apparel sector must be nurtured through a judicious mix of policy interventions. This is important now because in the current free trade regime, the ... More

SCIENCE & TECHNOLOGY


Award for DRDL scientist
HYDERABAD: Mr R.N. Bhattacharjee, Senior Scientist at the Defence Research and Development Laboratory (DRDL), has been honoured for his contribution to Rockets and related technologies (Rocketry) for the year 2003 by the Astronautical ... More

SMALL SAVINGS


Delay in report on computerisation — EPFO meet postponed
THE meeting of the Central Board of Trustees of the Employees' Provident Fund Organisation (EPFO) scheduled for today was cancelled. Officials said that the board could again be expected to meet in April. The meeting was cancelled on grounds ... More

HUMAN RESOURCES


Training for AP masons
HYDERABAD: The National Academy of Construction (NAC), through its constituent unit, Housing Development Institute (HDI), Hyderabad, with the support of UltraTech Cements, is organising a two-day skill upgradation programme for ... More

INTERVIEW


`India has to focus on building strong corporations'
THE most recognised barometer of business success, the Fortune magazine, is celebrating its 75th anniversary this year. In an interview with Business Line, Fortune's international editor, Mr Robert Friedman, shares his ... More

EVENTS


`Education sans attitude does not count for much'
EQUIPPING oneself with education is an "absolute waste" if attitude doesn't come into play. Attitude is everything to do with determination and a burning desire to succeed, about learning from oneself, not about age, looks or strength, said Mr ... More

  • Agenda for the week

    NATURAL CALAMITIES


    `Tsunami Court' in Prakasam district
    BATTUSOMAYAPALEM, a village in Prakasam district, will have a novel court named `Tsunami Court'. In fact, it is not a court but a cluster of houses built for some of the tsunami victims. While the district administration allotted land to house ... More


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    Top Stories
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    `India has to focus on building strong corporations'

    Indonesia to protest hike in Indian palm oil duty

    Bonds weak on oil concerns, $ loan prepayment

    Exotic destinations at dream fares

    US insensitivity

    Clouds of negatives darken sentiment

    In Focus

    BHEL Disinvestment
    The Yuan Revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
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    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Mar. 13-Mar. 19
    Is US education losing its attraction?

    Govt plans to introduce rating system for SSIs

    Improving overall climate key to FDI flows: IMF

    Exports touch $70 b during April-Feb

    IDBI allots Rs 100 cr for hotel projects

    On fringe taxes and all that — Rollback is not a dirty word

    Dairy products export set to cross Rs 500 cr — GCMMF pegs export turnover at Rs 125 cr

    Gujarat flags off bio-diesel buses

    `Withdrawal tax may drive depositors to post offices'

    EU emerges largest Indian seafood buyer

    Budget: Innovative and worrisome

    Indian drug firms focus on micro-organisms

    `Tsunami reconstruction to cost India $1.2 b'

    ICICI Bank micro credit disbursements treble

    Tractor sales set to record 31 pc growth this fiscal

    Oil from Sakhalin field this year: Aiyar

    Cars to cost more from April

    `ST to continue in States that do not opt for VAT'

    PTC to offer coal intermediation services

    Truck, bus tyre production up year-on-year in Jan

    IT's good bet for realtors across cities

    Reliance refining margins rise as light, heavy crude prices diverge

    Govt scraps cess on coffee exports

    States opting for VAT may not get full compensation


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