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Friday, April 15, 2005

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INDUSTRY & ECONOMY

CLIMATE & WEATHER


`Aborted' El Nino this year: Experts
CLIMATE experts on this side of the Pacific are not unduly perturbed by an Australian researcher's predictions about heightened possibility of an El Nino event returning towards the middle of this year. Speaking to Business Line, Dr ... More

NON-CONVENTIONAL ENERGY


Call to focus on different sources of alternate fuel
EXPERTS have said that India needs to have a sound alternate fuel strategy and should focus on different sources of alternate fuel rather than a single source like CNG (compressed natural gas). "The country's fuel strategy should not be ... More

Team Sustain to set up biodiesel plant in Kochi
THE Kochi-based Team Sustain, the company that is into renewable and alternative sources of energy, plans to set up a 30,000-litre-a-day biodiesel plant here in association with Biodiesel Industries of the US. The plant will not only cater to ... More

LOTTERY


Maharashtra Govt plans to ban instant online lotteries
THE Maharashtra Government proposes to ban the instant online two-digit lotteries in the State. The Finance Minster, Mr Jayant Patil, said that the State may approach the Supreme Court as its petition challenging the legal status of online two ... More

ANTI-DUMPING


`Anti-dumping cases involving India likely to increase'
ANTI-DUMPING cases involving India are likely to increase and Indian exporters and manufacturers would be well advised to prepare for battle. In a seminar organised by the Clothing Manufacturers Association of India and Economic Laws Practice ... More

COURTS/LEGAL ISSUES


No restrictions on practice by CAs: HC
The Bench said it was a matter of free contact between the client and the chartered accountant/lawyer. More

ECONOMY


`World trade growth to slow down this year'
THE international merchandise trade growth is projected to decelerate from 9 per cent in 2004 to 6.5 per cent this year in the wake of a marked slow-down in overall world economic growth that began in the second half of 2004. Releasing its ... More

Himachal `ideal for investments'
INDUSTRIES operating in Himachal Pradesh will continue to enjoy the existing exemption on excise duties and income-tax from day one of commercial operations. In the aftermath of the State introducing VAT from April 1, in most cases, industries ... More

ENVIRONMENT


Campaign to save trees at Vizag jail site
"TWO hundred years of steady growth has been ended in less than two hours,'' lamented Thomas Hardy, the great British author, in one of his poems vividly describing the felling of a tree in rural England. The same fate is likely to befall ... More

FOREIGN TRADE


Qatar, India sign air services pact; keen to better trade ties
INDIA and Qatar on Thursday signed a bilateral air services agreement to improve connectivity and decided to further boost multi-faceted ties between the two countries. The agreement was signed by the Civil Aviation Minister, Mr Praful Patel ... More

India-China bilateral trade yet to pick up pace
INDIA and China may have caught the fancy of the global investor in the past few years, but the India-China bilateral economic story is not yet a big one. Bilateral trade is growing; up from $339 million in 1992 to $8 billion in 2003 and Chinese ... More

`India not among top 30 in WTO list of exporters'
INDIA does not figure on the world's 30 leading exporters' list of the World Trade Organisation (WTO) though the new entrant Poland as the world's 30th leading exporter earned $74.1 billion in 2004 and accounted for a share of 0.8 per cent in ... More

INFRASTRUCTURE


Rs 700-cr expo centre coming up at Greater Noida
THE first phase of India Expo Centre and Mart, spread in 60 acres of land in Greater Noida in UP would be partially operational by the month end and fully operational by October this year. It would provide high-tech facilities to Indian and ... More

PETROLEUM


Gail MoU for performance targets
NEW DELHI: Gail (India) Ltd has signed an annual memorandum of understanding (MoU) for performance targets for the financial year 2005-06 with the Ministry of Petroleum and Natural Gas. The MoU was signed by Mr S.C. Tripathi, Secretary, ... More

PHARMACEUTICALS


Pharmexcil lauds foreign trade policy
THE Pharmaceutical Export Promotion Council (Pharmexcil), under the Chairmanship of Mr D.B. Mody, has lauded the Union Commerce Ministry for having put in place a forward -looking foreign trade policy in August last year. In a press release ... More

POWER


Power consumers set to get choice of distribution utility — 11 State ERCs issue open access guidelines
A NEW era of choice for consumers of electricity is in sight, with State Electricity Regulatory Commissions (SERC) of 11 States, including Andhra Pradesh, Assam, Delhi, Gujarat, Madhya Pradesh, Rajasthan, Karnataka, Maharashtra and Uttaranchal ... More

TAXATION


State VAT heads told to ensure availability of `C' forms
THE Empowered Committee of State Finance Ministers on VAT has directed VAT commissioners in all States to ensure ample availability of `C' forms for facilitating inter-State transactions under the VAT regime. The VAT design that had been ... More

`VAT to raise State revenues by 25 per cent'
STATE Governments that had implemented value-added tax (VAT) system from April 1 could see at least a 25 per cent increase in revenues from the new tax system as against the erstwhile sales tax system, according to Mr Ramesh Chandra, ... More

Service tax on import of services — ICAI favours `place of supply' rules
IMPORT of services should be subjected to service tax on the basis of `place of supply rules', the Institute of Chartered Accountants of India (ICAI) has suggested. The Finance Bill 2005 seeks to bring import of services under the service tax ... More

No VAT on life-saving drugs, medical kits in Delhi
THE Delhi Government has exempted several items, including life-saving drugs and medical devices, from value-added tax (VAT). Medicines in general attract a VAT rate of four per cent. This was decided at a meeting of the Delhi Cabinet that ... More

WATER


Blueprint sought for new dam at Tumbe
THE State Government has asked the Mangalore City Corporation to submit a blueprint to construct another vented dam at Tumbe in Dakshina Kannada district to supply water to Mangalore city. The new dam is proposed at 100 metres downstream the ... More

EDUCATION


Euro Tech shifts to new campus at Kakkanad
THE Kochi-based Euro Tech Maritime Academy, which conducts various maritime courses, is moving to a new campus as part of its expansion programme. The Rs 12-crore campus set up at Kakkanad will conduct eight new courses in addition to the 28 ... More

TAPMI opens centre in Bangalore for executive education
TAPMI (T.A. Pai Management Institute, Manipal) has opened an exclusive centre for Executive Education in Bangalore. The Centre aims at providing education and training in management to working professionals with composite and flexible ... More

Elico, SKU sign pact to impart industry training
ELICO Ltd and the Sri Krishnadevaraya University (SKU), Anantapur, have signed a memorandum of understanding (MoU) under the aegis of Confederation of Indian Industry (CII). The MoU would help in building a synergistic relationship between the ... More

BEVERAGES


Kerala Minister says `no' to Coke
THIRUVANANTHAPURAM: The Health Minister, Mr K.K. Ramachandran, has ruled out any chances of the Kerala State Pollution Control Board (KSPCB) allowing multinational Coca-Cola to resume operations from its base at Plachimada in Palakkad ... More

REAL ESTATE & CONSTRUCTION


Real estate market booming across board
THE real estate market in India has been doing exceptionally well for the past 10 months. While residential and retail prices have shot up, commercial prices in all major metros have been keeping pace with inflation, said Mr Anuj Puri, Managing ... More

Vijay Shanthi Builders eyes premium segment
VIJAY Shanthi Builders Ltd is getting into the high-end market and is investing about Rs 80 crore in four projects in four months. Each of the apartments in the new projects would be in the range of Rs 60 lakh to Rs 1 crore. The company is ... More

Metcorp in pact with Jurong for mega township near Devanahalli
METCORP, a consortium of NRIs along with Jurong (India) Consultants has announced a mega township project to be developed on 136 acres near the proposed Bangalore International Airport at Devanahalli. The project benchmarked on international ... More

Cushman & Wakefield plans private equity fund
"There are a number of investment and pension funds that have resources for large investments but have very little avenues for investment." More

BIO-TECH & GENETICS


German biotech team to take part in Bangalore Bio 2005
AN eight-member German delegation will be arriving in India to participate in the forthcoming Bangalore Bio 2005. The delegation has been organised by the International Technology Cooperation Network, which is sponsored by the Federal Ministry ... More

SCIENCE & TECHNOLOGY


National Geographic, IBM to track human family tree
THE National Geographic Society and IBM have announced the launch of a research initiative that will trace the migratory history of the human species. The Genographic Project, a five-year research partnership, will use computer analysis of ... More

Scientists target on developing surface-to-air missile
THE Indian Defence scientists have set their target on developing a long range, surface-to-air missile (SAM) and a `force multiplier', missile that can unleash multiple warheads to destroy different strategic targets. The SAM, with a range of ... More

MINERALS


`Iron ore exports set to touch Rs 1,393 cr'
INDIA'S exports of iron ore during the current fiscal are set to go up to Rs 1,393 crore, against last year's Rs 827 crore, following the firming up of price and quantity by a consortium of Indian iron ore exporting team led by MMTC which ... More

EVENTS


Birlas organise multimedia exhibition on Mahatma
THE Prime Minister, Dr Manmohan Singh, on Thursday inaugurated a multimedia exhibition on Mahatma Gandhi at Gandhi Smriti on Tees January Marg, New Delhi . While inaugurating the exhibition titled `Eternal Gandhi', he said the Mahatma had a ... More

INCOME TAX


RK Mission seeks ICAI help for FBT exemption
THE Ramakrishna Mission has urged the Institute of Chartered Accountants of India (ICAI) to take up its case with regard to fringe benefit tax (FBT). The institute is taking a favourable view on the matter. The mission which has already written ... More

NATURAL CALAMITIES


ADB clears $200-m package for tsunami-hit States
ASIAN Development Bank today (ADB) approved a $200-million loan and grant assistance package to help India restore livelihoods and rehabilitate and reconstruct damaged infrastructure in Tamil Nadu and Kerala in the wake of the devastating tsunami ... More

TOURISM


Kerala Cabinet panel to study Halcyon Castle issue
THE State Government has decided to constitute a Cabinet sub-committee to look into the legal aspects of taking back the Halcyon Castle at Kovalam in the wake of the High Court directive to restore the property to a hotel group. The Chief ... More


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Top Stories
Infosys to hire 12,600, spend Rs 1,100 cr on expansion, new tech


EU to scan turmeric now for banned dye — Notification on carcinogenic Sudan in 2-3 days; Spices Board gears up

`World trade growth to slow down this year'

Power consumers set to get choice of distribution utility — 11 State ERCs issue open access guidelines

Qatar, India sign air services pact; keen to better trade ties

Reliance Energy Q4 net profit rises 42.5 pc

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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