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Saturday, April 09, 2005

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INDUSTRY & ECONOMY

ANTI-DUMPING


Varsity offers to help industry on anti-dumping laws
INDIAN industry needs to invest in multi-disciplinary legal research and training to get a better understanding of the anti-dumping law and procedures, under the WTO agreement. Seeking greater industry-academia-civil society collaboration to ... More

ECONOMY


Inflation falls on cheaper non-food items
THE annual wholesale price index-based inflation dropped marginally to 5.05 per cent during the week ended March 26, from 5.11 per cent during the previous week. The year-on-year inflation fell by 0.06 per cent, mainly on account of a fall in ... More

`Industry must focus on R&D'
"INDIA must develop new and innovative products based on our own research and development and the Indian industry must support R&D with a national perceptive focusing on the R&D capabilities that exist or can be developed and with an eye on t More

FOREIGN TRADE


New trade initiatives unveiled
BOWING to sustained pressure exerted by the exporters on the issue of taxing the proceeds of the sale/transfer of a specific export promotion scheme, the Union Commerce and Industry Minister, Mr Kamal Nath, today announced that at the behest of ... More

DEPB scheme to be replaced in six months: Kamal Nath
Mr Kamal Nath said that merchandise trade in the very first year of the policy period has been of the order of almost $80 billion, corresponding to a growth rate of nearly 24 per cent over the last year exports. More

Import of capital goods at concessional rate — `Chance for retail segment to modernise'
THE incentives provided to the domestic retail segment in the form of permitting it to import capital goods at concessional rate of duty is primarily designed to give it a chance to modernise itself, said the Union Minister of Commerce and ... More

Canada sees potential in TN
CANADA hopes to double trade with India in the next two years, according to its Minister for International Trade, Mr James Peterson. Addressing presspersons at the inauguration of a Canadian Consulate in Chennai, he said that by the year-end a ... More

Measures will help boost exports, says India Inc
INDIA Inc has welcomed the steps undertaken in the supplement to the Foreign Trade Policy announced on Friday and said that the measures would help in boosting Indian exports. The Confederation of Indian Industry (CII) said that today's ... More

On the right track to double trade, create employment
THE supplement to the Foreign Trade Policy announced by the Commerce and Industry Minister demonstrates that the twin objectives of doubling our share of merchandise trade and to provide additional employment opportunities are on the right track. ... More

Govt will retaliate against unfair trade actions on Indian products
INDIA would not hesitate to take retaliatory steps against countries if the trade actions against its products were found to be unfair and non-transparent, according to the Commerce and Industry Minister, Mr Kamal Nath. "I am considering some ... More

Procedural simplification

  • Single common application form called Aayat Niryaat Form introduced reducing the ocumentation requirements by more than 60%.
  • Three categories of advance licences merged into a single category.
  • Annual advance ... More

    FOREIGN TRADE POLICY
    Tea exporters may gain from move to scrap cess
    TEA exporters stand to gain from the Union Commerce Ministry's proposal to remove cess on plantation commodities. In the case of tea, a cess of Rs 0.30 a kg is levied at the producer end. Consequent to the removal of the export cess on all ... More

    FTA: India for framework agreement first with China
    EVEN as China is keen on forging a free trade agreement with India, an official study commissioned by both the countries at the ministerial level has suggested an India-China Framework Agreement to begin with to ensure closer cooperation and to ... More

    HOTELS


    `Spiralling land cost hampering hotels development'
    THE huge potential for growth of tourism in the country and enabling legislation passed by the Government are among the factors that have supported investment flows into India and the South Asian region at large. According to a panel of ... More

    PETROLEUM


    Petrol price hike not discussed in Cabinet meet
    THE week long speculations on possible price hike on petrol and diesel was put to rest with the Defence Minister, Mr Pranab Mukherjee, stating after the Cabinet meeting "it was not discussed". The market had been abuzz with talk of a likely ... More

    STEEL


    VSP seminar on steel tech from today
    A TECHNICAL seminar on steel technology will be conducted for three days from Saturday in the steel plant here in which the major players in construction, steel technology and project management will participate, according to a press release ... More

    SSI


    Experts justify SME credit rating
    EXPERTS at the seminar on credit rating for SMEs were of the view that the mechanism of rating of small-scale industries is a formal step in the right direction to revitalise SSIs. Speaking at the seminar organised by CII-Kerala, Mr K.P. ... More

    Govt may hike target for bank credit to SSIs
    THE Government may set higher targets for bank credit to the small-scale sector. The Union Finance Minister, Mr P. Chidambaram, on Friday said credit to the agriculture sector grew after setting higher targets for public sector banks and that ... More

    RADIO/TV


    WorldSpace Satellite Radio launched in Hyderabad
    WORLDSPACE Satellite Radio has chalked out a detailed programme to spread its wings across the country and consolidate its operations during the current fiscal. Towards this, WorldSpace India, which currently has 35 radio stations and lounges ... More

    CARS


    Which is the largest selling car? Read the fine print
    WHICH is the largest selling car in India? Is it Santro, as Hyundai claimed in recent full-page newspaper advertisements? Or is it Alto? Or Indica as Tata Motors has declared in a press statement? Hyundai Motor claimed in its advertisement ... More

    MEDICAL INSTITUTIONS & HOSPITALS


    Metropolis Health plans pvt placement of equity
    METROPOLIS Health Services (MHS), a reputed referral centre for laboratory medicine, is contemplating private placement of equity to expand and grow. The size of the proposed issue has been estimated at Rs 20 crore. "We are in talks with ... More

    READYMADE GARMENTS


    China's loss could be India's gain in high demand apparel items
    The EU has decided to impose emergency quotas on Chinese textile suppliers from April. More

    `Consolidation of apparel sector will drive exports'
    CONSOLIDATION of the apparel industry currently remaining disintegrated should gain momentum with the abolition of quota regime and would enable India accelerate its textile and clothing exports in the seamless global textile trade, according to ... More

    BIO-TECH & GENETICS


    Rs 11 cr for Kerala biotech incubator project
    THE Centre has sanctioned Rs 11 crore for the establishment of a biotechnology incubator at the biotechnology park being set up in Kochi by Kerala Industrial Infrastructure Development Corporation. According to a company spokesperson, the ... More

    ENTREPRENEURSHIP


    Rural youth in AP bag BYST `business idea' awards
    BUSINESS ideas to set up a vermi compost unit, a mushrooms farm, and a bakery have won awards. Are you wondering what is so great about such ideas? These ideas have come from youth in remotest villages of Ranga Reddy district supplemented with ... More

    INCOME TAX


    Polaris to appeal Rs 18.3 cr I-T notice
    POLARIS Software Lab Ltd on Friday said that the income-tax authorities have served the company a notice for payment of Rs 18.03 crore as additional taxes under the Income-Tax Act, 1961 for the financial years 2000-2001 and 2001-2002. This, ... More

    TOURISM


    Kalam for integrated approach to boost tourism
    INDIA and China are expected to be among the top 10 fastest growing countries in the tourism business. According to the World Travel and Tourism Council (WTTC) report, the global tourism industry is likely to generate $6.2 trillion of revenue ... More


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    Top Stories
    Post-VAT, software vendors seek downstream biz


    On the right track to double trade, create employment

    FMC asks NCDEX to explain delay in imposing margin on guarseed contracts

    PF subscribers face housing loan woes

    China's loss could be India's gain in high demand apparel items

    Chidambaram wants brokers to corporatise

    Which is the largest selling car? Read the fine print

    In Focus

    BHEL Disinvestment
    China's revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Mar. 27-Apr. 2
    Pharma cos bet big on supplements

    Govt yet to finalise new subsidy methodology — Fertiliser industry unable to tie up phosphoric acid supplies

    72-hr trade bandh called in Bengal from tomorrow

    Shipping industry in a tizzy over service tax

    Coal India-NLC combine plans large thermal power projects

    China January textile, clothing exports to US up 65 pc in value

    Vivek Oberoi returns `inappropriate' award

    Arcelor forges ahead on new steel capacity in India — Move follows output cut in Europe by 1 mt

    Used market expected to outpace new car market

    Cashew exports set to cross Rs 2,600 cr

    Shareholders angry over BPCL-Kochi Refineries merger swap ratio

    External debt rises to $120.9 b

    Business community prepared to accept VAT: Assocham

    Rubber imports may come down under VAT regime


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