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Thursday, March 24, 2005

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INDUSTRY & ECONOMY

NON-CONVENTIONAL ENERGY


TN should allow 3rd party sale in wind power: CII
TAMIL NADU, which leads the country in installed wind power capacity, should allow third party sale of wind power and also make the tariff more attractive to get more investments in the sector. A study on `Showcasing the success of wind energy ... More

Study advocates marketing network for bio-diesel plants
WITH bio-diesel becoming a buzzword in the country, it is time for the Government and its institutions to take a careful and planned approach to promote the high performing alternative fuel, says a research study. In a paper submitted at the ... More

AWARDS & HONOURS


National Mineral Award for 26 geo-scientists
THE Government today awarded 26 geo-scientists the National Mineral Award for 2003. The awards were presented by the Minister for Mines, Mr Sis Ram Ola. Presenting the awards, the Minister called upon the geo-scientists community to understand ... More

ECONOMY


Displacing conventional fuels reduces energy/GDP ratio
THE kitchen fuel used by more than half of all Indian households is still firewoord. Another 20 per cent use either crop residues or dung cake. This is one reason why the energy/GDP ratio has not been falling as fast as it could have. As shown ... More

`G-20 has the interests of all developing nations'
THE just concluded ministerial meeting of the G-20 marks a milestone, particularly when the negotiations on agriculture are reaching a critical point in Geneva, says the Egyptian Ambassador to the World Trade Organisation (WTO), Dr Magdi A. ... More

Globalisation has left farm sector in the lurch: Experts
NOTED agricultural economists here on Wednesday have expressed the view that the agricultural sector in South Asia, particularly in India, has been neglected during the process of globalisation in the past decade. The Chairman of the ... More

ENGINEERING


Auto engg centre of excellence in Coimbatore
COIMBATORE: The PSG College of Technology, Coimbatore, is establishing a Centre of Excellence in Automobile Engineering, named after a former student late S. Karivaradhan, an ace rallyist and racing car designer. The centre is being ... More

ENVIRONMENT


Setting up of flu gas desulphurisation unit — Environment body asks Reliance Energy to pay Rs 300 cr
RELIANCE Energy Ltd has been asked to furnish a bank guarantee of Rs 300 crore to prove that the company is serious about setting up a flu gas desulphurisation (FGD) unit, essential for controlling pollution, at its 500 MW coal-based power ... More

Gujarat Fluorochemicals gets CDM registration
GUJARAT Fluorochemicals Ltd (GFL), a refrigerant gas manufacturing company, has received the country's first project registration from the Executive Board of Clean Development Mechanism (CDM), established under the Kyoto Protocol. GFL's ... More

HEALTH


13 States doing well, says TB Report Card
THE India TB Report Card on Wednesday indicated that 13 out of 35 States and Union Territories have met the targets set by the Union Government and the global community, while Bihar, Uttar Pradesh, Jharkhand, Punjab and Nagaland have failed to ... More

GAIL, cancer hospital to set up pollution centre in Hyderabad
GAIL (India) Ltd and the MNJ Institute of Oncology, Hyderabad, have decided to jointly set up an air pollution related diagnostic centre here. The centre is one of the 22 that GAIL is planning to set up in 22 cities, where it would supply ... More

HOTELS


Taj Hotels in talks with airlines to promote leisure arm
TAJ Leisure Hotels Resorts and Palaces is holding discussions with all major domestic airlines to rope them in its promotion of `Taj Holidays' campaign of its leisure arm. The association might result in cheaper ticket prices that would form ... More

PSU


Sarthak Behuria is SCOPE Chairman
NEW DELHI: Mr Sarthak Behuria, Chairman, Indian Oil Corporation, has been elected as the Chairman of the Standing Conference of Public Enterprises (SCOPE), an apex body of public enterprises. Mr Raji Philip, Chairman and Managing ... More

PETROLEUM


`India can invest up to $25 b in buying oil fields abroad'
WHILE urging China to join forces with India in attaining energy security, the Petroleum Minister, Mr Mani Shankar Aiyar, today said that India could invest up to $25 billion in acquisition of overseas oil and gas fields. Addressing a ... More

Diesel to cost more in Delhi
NEW DELHI: The Delhi budget for 2005-06 proposes an increase of Rs 1.80 per litre in diesel prices. Drugs, medicines, tea, processed meat, poultry, preserved fruits and vegetables will attract a tax lower than the value added tax (VAT) ... More

PHARMACEUTICALS


Patents Bill approved
THE Rajya Sabha on Wednesday approved the controversial Patents (Amendment) Bill 2005 that marks the beginning of the product patent regime in the country. The Lok Sabha had approved the Bill on Tuesday. The Opposition, National Democratic ... More

POWER


MPs for setting up of `energy forum'
TWELVE Members of Parliament, including the former Power Minister, Mr Suresh Prabhu, have sought the setting up of an `energy forum' in the Lok Sabha. The forum, to consist of select and senior Parliamentarians, will suggest modifications in ... More

KSEB asked to continue with existing power tariff
THE Kerala State Electricity Regulatory Commission (KSERC) has asked the Kerala State Electricity Board (KSEB) to continue with the existing power tariffs in the State till further orders. The board had proposed for 2005-06 an aggregate revenue ... More

Pvt power producers to add 3,000 MW capacity in Maharashtra
PRIVATE sector power companies would be adding fresh capacity to the tune of 3,000 MW in Maharashtra over the next couple of years. The demand for energy has been on the rise in the State with no commensurate increase in power generation ... More

TAXATION


Plea against VAT launch in Bengal
DR Ashok Mitra, former Finance Minister of West Bengal and former Economic Advisor to the Union Government, on Tuesday, filed a public interest litigation in the Calcutta High Court challenging the introduction of value added tax in West Bengal ... More

SSI


Match manufacturers' plea
MADURAI: The All-India Federation of Cottage Matches Manufacturers' Association at Virudhunagar, near here has urged the Union Finance Minister, Mr P. Chidambaram, in a memorandum to ban buying/selling of dipped splints from one factory to ... More

Wet grinder units form group to get SIDBI aid
TEN wet grinder accessories manufacturing units have joined hands for availing themselves of financial support under SIDBI's (Small Industries Development Bank of India) Mutual Credit Guarantee Fund Scheme (MCGF) for bulk purchase of raw ... More

TYRES


Rubber imports top 65,000 t on jump in tyre production
Introduction of the VAT system is likely to make it less attractive to import rubber. More

MANAGEMENT


`Management students have key role in society'
MANAGEMENT students should play a constructive role in the development of society, the Mangalore Commissioner of Customs, Mr P. Karthikeyan, has said. At a workshop on `Emerging management issues in the service sector,' organised by the ... More

PERSONAL PRODUCTS


Building muscle into reach
After leveraging price, FMCG majors are now overhauling distribution, while looking for novel ways, to keep pace with changing consumer preferences. More

RADIO/TV


`Sun is not in TV, but communications'
He's a media moghul who's only going to get bigger. After dominating the Southern market for at least a decade with a variety of television channels like Sun, Gemini and Udaya, Kalanithi Maran, Chairman & Managing Director of the Sun Network, ... More

Murdoch keen on early DTH clearance
THE direct-to-home (DTH) venture is on top of the priority list for the NewsCorp chief, Mr Rupert Murdoch, who has urged the Information and Broadcasting Minister, Mr Jaipal Reddy, to expeditiously clear the proposal. At an hour-long meeting, ... More

EDUCATION


Scholarship for students
BANGALORE: Amber Valley Residential School, Chickmagalur in association with Café Coffee Day has announced the institution of Café Coffee Day Young Achievers Scholarship Programme to encourage excellence in studies. The scholarship ... More

REAL ESTATE & CONSTRUCTION


HDFC joins SBI to float real estate venture fund
HOUSING Development Finance Corporation Ltd (HDFC Ltd) has forayed into the real estate fund business with the launch of HDFC Property fund, in association with State Bank of India. A trustee company (HDFC Ventures Trustee Company Ltd) and an ... More

INDUSTRY ASSOCIATIONS


Engineering Export Council signs MoU with China Chamber of Commerce
ENGINEERING Export Promotion Council (EEPC) has signed a memorandum of understanding with the China Chambers of Commerce for import and export of machinery and electronic products, besides covering exchange of trade- related information and trade ... More

CINEMA


Theatres defy documentary films obligations
ALL the film exhibitors in the country, under a statutory obligation, are required to show documentary films before they screen regular films. But when did you last watch a documentary in a cinema? Even if they show, they repeat it for ... More

REGULATORY BODIES & RULINGS


Throwing out the baby with the bathwater?
Should every statement made to promote a product stand the test of a punctilious lawyer or a civil servant? More

TRADE & LABOUR UNIONS


`Closure of units due to labour unrest rarer': Minister
THE State Labour Minister, Mr Babu Divakaran, has said that incidence of closure of industrial units due to labour problems has come down marginally in the State in the recent period. A study on the reasons for the closure of industrial units ... More

Telecom staff to intensify stir
THIRUVANANTHAPURAM: The United Forum of BSNL (Bharat Sanchar Nigam Ltd) Executives has decided to intensify its eight-day-old agitation programme. A spokesman for the Forum said here that work-to-rule and non-cooperation strike was ... More

EVENTS


Kutch Trade Fair in Mumbai
MUMBAI: The Kutch International Trade Fair (KITF) 2005 will be held from April 29 to May 8 at MMRDA grounds, Bandra-Kurla complex, Mumbai. This six-dome structure exhibition will have 300 AC stalls and a 500-seater auditorium. There will ... More

Tally Solutions to host melas
KOCHI: Tally Solutions is conducting a host of Tally Melas across 10 cities in the country in an effort to educate the business community and individuals on VAT compliance and implementation. In Kochi, the mela will be at the Regional ... More

EXPORTS & IMPORTS


Spices export exceeds volume target
EXPORT of spices has surpassed the target of 2,50,000 tonnes by 50,000 tonnes during April - February 2004-05, while in terms of value it was Rs 134 crore short of the target of Rs 2,000 crore. Total exports stood at 3,03,166 tonnes valued ... More

Meet to discuss wheat exports on April 7
THE Agriculture Ministry will hold a "preliminary discussion" to decide the export potential of the country on April 7, said Ms Radha Singh, Union Agriculture Secretary. "We are moving towards a virtual policy," she said, adding that a policy ... More

TOURISM


Tourism Ministry plans to move Cabinet for visa-on-arrival
IN a move that should give a boost to international tourist arrivals, the Ministry of Tourism is moving a note before the Union Cabinet to provide visa-on-arrival to visitors. "The Home Ministry is looking at the issue. We hope to move a note ... More

Emirates Holidays plans offices in South India
BUOYED by the growth in the Indian market, Emirates Holidays, which offers holiday packages for Emirate airline passengers, plans to open offices in various Southern cities including Chennai, Hyderabad and Kochi. "The market in India has been ... More



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Displacing conventional fuels reduces energy/GDP ratio

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In Depth

Gender Justice
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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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