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Wednesday, April 13, 2005

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INDUSTRY & ECONOMY

ECONOMY


Industrial growth in Feb falls to 4.9 pc
THE index for industrial production fell to 4.9 per cent during February 2005 compared to 8.3 per cent registered in February 2004. However, for the April-February 2004-05 period, the overall index for industrial production stood at 8.1 per ... More

Planning process to be assessed
THIRUVANANTHAPURAM: The Planning Board proposes to put the planning process under the scanner to assess the benefits flowing to and achievements derived by people. Stating this, the Vice-Chairman, Mr C.V. Padmarajan, said that special ... More

ENGINEERING


Taiwan seeks partners in machinery ventures
TAIWAN is scouting for partners to forge joint ventures with south Indian companies in the area of machinery. As part of this initiative, the Taiwan Association of Machinery Industry (TAMI) is holding a three-day machinery catalogue exhibition, ... More

ENVIRONMENT


In for a facelift
Women in traditional `burqa' lend a hand to weed out water hyacinth at the Mir Alam Tank, the largest water body in the Old City of Hyderabad, on Tuesday. The lake is set to get a facelift, with the Hyderabad Urban Development Authority taking ... More

GRC, Teri in pact to promote `Green Gulf'
THE Dubai-based Gulf Research Center (GRC) and the New Delhi-based The Energy and Resources Institute (Teri) have signed a co-operation agreement to foster green thinking in the region. The GRC Chairman, Mr Abdulaziz Sager, said the joint ... More

FOREIGN TRADE


Trade hails supplement to foreign trade policy
TRADE and industry circles here have welcomed the annual supplement to the Foreign Trade Policy for the current fiscal year announced by the Union Minister for Commerce and Industry, Mr Kamal Nath. The President of the Tamil Nadu Chamber of ... More

HEALTH


PM launches rural health mission
THE National Rural Health Mission, an integrated health programme with an outlay of Rs 6,700 crore in 2005-06 aimed at the poor has finally taken off. Speaking at the inaugural ceremony, the Prime Minister, Dr Manmohan Singh, said that the ... More

INFRASTRUCTURE


INFAC India team visits hi-tech park site at Nanguneri
A TEAM from INFAC India Group LLC visited the proposed site for the hi-tech park at Nanguneri, about 35 km from Tirunelveli, on Monday. The team led by the Chief Executive Officer of the INFAC India Group, Mr Charles V. Loucks, and comprising ... More

PHARMACEUTICALS


Indian cos going slow on promoting Valdecoxib
IT is not off the shelf officially, but most Indian drug companies are not promoting their generic versions of arthritis drug Valdecoxib. This comes close on the heels of Pfizer, the original patent holder of Valdecoxib, being asked by the US ... More

POWER


Mumbai suburbs suffer outage after REL's Dahanu unit trips
PARTS of Mumbai suffered outage through the day after two units at Reliance Energy Ltd's Dahanu Thermal Power Station tripped this morning cutting power supplies to the city. According to REL, due to a technical snag in one of its switchyards, ... More

Govt to support flow of captive power to tide over shortages
TO tide over the expected shortage of power during the summer months, the Government is planning to encourage the flow of surplus power from captive units into the electricity grid.Speaking at a conference here, the Power Secretary, Mr R.V. ... More

TAXATION


Corporation tax mop-up touches Rs 83,311 cr
CORPORATION tax collections of the Centre for the year 2004-05 has touched Rs 83,311 crore, according to the latest estimates available with the Revenue Department. The revised estimate for corporation tax for the year 2004-05 was pegged at Rs ... More

Kerala traders call off stir
THIRUVANANTHAPURAM: Opposition mounted by the trading community against implementation of the Value-Added Tax regime in the State has virtually ended with leaders of two rival bodies calling off their hunger strike in front of the ... More

`Govt will try to rectify anomalies in new tax regime'
EVEN as the industry and trade have been debating the tax proposals and the introduction of Value Added Tax (VAT) system in the present form, the Advisor to Union Finance Minister, Mr Parthasarathi Shome, on Tuesday maintained that the Government ... More

FAPCCI urges review mechanism on VAT
HYDERABAD: The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) has initiated dialogue with the State Government to press for a review mechanism for hassle-free implementation of VAT (value-added tax). In a ... More

`Exempt stockbroking franchisees from service tax'
WITH nearly 9,000 sub-brokers hawking equity related products being brought under the service tax net, the stock market players dread the paper work they will have to do, which, in their opinion, is not going to bring any additional ... More

TEXTILES


One-day seminar on technical textiles
THE Federation of All India Textile Manufacturers' Associations and the Office of the Textile Commissioner are jointly organising a one-day seminar on technical textiles. The seminar will be held in Mumbai on April 25. It will host such ... More

Textile team to leave for China fair today — To explore opportunities post-WTO
A 60-MEMBER delegation under the banner of the Chamber of Textile Trade & Industry (COTTI) is to leave on Wednesday for the Canton Fair in China. The objective is to utilise the post-WTO opportunities to strengthen mutual business prospects ... More

SSI


Next Kerala B2B meet in Sept
THE Kerala Government, which organised a `business to business' meet for small and medium industries in the State last year, is planning to hold a similar meet on September 6-8 this year. The meet in 2004 focused on promoting products in 10 key ... More

WATER


L&T bags Rs 165-cr order from Bangalore water supply board
L&T has been awarded a Rs 165-crore order by the Bangalore Water Supply and Sewerage Board (BWSSB) for providing a water supply system under the Greater Bangalore Water Supply Project (GBWSP) scheme. The BWSSB is extending the Cauvery water ... More

BARC desalination plant coming up in Lakshadweep
THE Bhabha Atomic Research Centre (BARC) is building a 50,000-litre-a-day barge-mounted seawater desalination plant in Lakshadweep that will be ready for deployment by December. This was stated by Dr P.K Tewari, the head of the desalination ... More

EDUCATION


NCC academy on the cards in AP
HYDERABAD: The Directorate of National Cadet Corps (NCC) is planning to set up an academy to train cadets. The Deputy Director General of NCC (AP), Mr James Sebastian, said talks are also on with the State Government to set up riding ... More

INDUSTRY ASSOCIATIONS


Sisspa office-bearers
COIMBATORE: Mr K.R. Selvakumar has been elected President of South India Small Spinners Association (SISSPA), Coimbatore for the 2004-06 term. The other office bearers are: Mr M. Lingappa Gounder, Mr K. Thirunavukarasu and Mr C. ... More

DISINVESTMENT


Govt not to divest stake in EIL
NEW DELHI: In line with the policy laid down in the national common minimum programme, Engineers India Ltd (EIL) on Tuesday informed the Bombay Stock Exchange that the Government would not divest its 51-per cent stake in the company ... More

FOREIGN DIRECT INVESTMENT


Govt may allow 20 pc FDI in FM radio broadcasting
THE Information and Broadcasting Ministry has decided to allow 20 per cent foreign direct investment in private FM radio. However, it has decided not to permit private radio channels to air news and current affairs programmes. Under the ... More

HUMAN RESOURCES


Average salary offers touch Rs 10 lakh at ISB placements
THE Hyderabad-based Indian School of Business (ISB) has recorded an average domestic annual salary of Rs 10.01 lakh and an average international annual salary of $100,000 (Rs 44 lakh) from its placement programme for the 2005 batch. The highest ... More

ENTREPRENEURSHIP


A forum to hone skills of entrepreneurship
IF building entrepreneurial qualities in students is the in thing, very little attention seems to be paid about the supply pool of teachers who can make this happen. In February 2003, the Indian School of Business (ISB), Hyderabad, brought ... More

EXPORTS & IMPORTS


CSEZ exports touch Rs 638 cr in 2004-05
FOR the first time since its inception 21 years ago, exports from the Cochin Special Economic Zone crossed the Rs 500-crore mark and touched Rs 638 crore during the financial year 2004-05. The exports in the previous fiscal was to the tune of Rs ... More

TN, APEDA pact to set up cashew export zone
THE Tamil Nadu Government today signed an agreement with the Agricultural and Processed Food Products Export Development Authority to set up a cashew export zone in Cuddalore district at a cost of Rs 10.36 crore. According to a State Government ... More

TOURISM


India bid to woo more tourists from West Asia
INDIA plans to have its biggest ever presence at the Arabian Travel Market (ATM) to be held in Dubai in May and it is launching new products at the region's premier travel and tourism exhibition. The move comes as India plans to further boost ... More

INTACH aims for corporate aid to protect Hyderabad heritage
`It is disturbing to note that the architectural and natural heritage of Hyderabad is slowly getting destroyed. Several monuments have disappeared.' More

ECONOMIC OFFENCES


ICAI wants cash transaction tax move dropped
THE Institute of Chartered Accountants of India (ICAI) has urged the Government to withdraw its proposal to levy a banking cash transaction tax, stating that the proposed measure may not give the desired result of checking tax evasion. The ... More

PEOPLE


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    Top Stories
    Tata Steel plans capacity expansion at units in China


    VAT confusion strikes coconut oil prices

    Apollo Tyres hikes prices by 3-4 pc

    Govt may allow 20 pc FDI in FM radio broadcasting

    OBC recovers part of Global Trust NPAs

    Indian cos going slow on promoting Valdecoxib

    Corporation tax mop-up touches Rs 83,311 cr

    Mobius spots 4 best of India cos

    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
    Apr. 3-Apr. 9
    `VAT will lower tax burden on business'

    Zee Telefilms serves notice to BCCI, seeks Rs 1,630-cr compensation

    Chilli exports touch all-time high

    Thermal plants' coal shortage worsening

    Traditional items propel exports in April-December

    Pharma MNCs likely to tighten hold on patents

    50% value addition must on tea exports by EOUs, SEZs

    New emission norms lead to shake-out in diesel car segment

    First mapping satellite to be launched in May

    Edible oil imports seen rising 5 lakh t

    VAT hits live chicken exports to Kerala

    Cement majors report rise in despatches

    US households swell Indian exporters' kitty

    Oil firms seek hike in petro prices; Cabinet to decide

    Consumers' purse in for a squeeze

    Vegoil imports down to 2.48 lakh tonnes in March

    IOC, Saudi Aramco plan merchant storage oil terminal — Drop plans for facility to store crude reserves

    Oil cos may lose Rs 810 cr if price hike not allowed

    On the right track to double trade, create employment

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

    Which is the largest selling car? Read the fine print


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