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Friday, April 29, 2005

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INDUSTRY & ECONOMY

NON-CONVENTIONAL ENERGY


Panchayati institutions to be involved in jatropha cultivation
THE Petroleum Minister, Mr Mani Shankar Aiyar, has said that a joint committee of the Ministries of Petroleum and Natural Gas and Panchayati Raj has been set up to make recommendations on modalities of involving Panchayati Raj Institutions in ... More

BUDGET


Debate on Finance Bill initiated in LS
DEBATE of the Finance Bill, 2005, was initiated in the Lok Sabhaon Thursday. The Finance Minister, Mr P. Chidambaram, however, did not indicate the changes that are likely to be proposed while moving the Bill for consideration and passage. The ... More

ECONOMY


India second last on AT Kearney globalisation index
INDIA, along with other BRIC nations — Russia, China and Brazil — figured at the bottom of the heap in the annual ranking of the world's most globalised nations carried out in the latest 2005 AT Kearney/Foreign Policy Globalisation ... More

NCAER projects GDP to grow by 7.2 pc
THE National Council of Applied Economic Research (NCAER) has projected the real gross domestic product (GDP) in the current fiscal to grow by 7.2 per cent, against 6.9 per cent during 2004-05 estimated by the Central Statistical Organisation ... More

ACCOUNTANCY


ICWAI releases monograph on contemporary issues
THE Institute of Cost and Works Accountants of India (ICWAI) has come out with a series of guides on what have been billed as "important contemporary issues". The monographs relate to the following: Arms length pricing, input tax credit, joint ... More

ENGINEERING


AF Ferguson drafts report on export of engineering goods
AF Ferguson, a consulting company, has prepared a draft strategy paper for the Engineering Export Promotion Council (EEPC) on promoting exports and exploring new markets. According to Mr Rakesh Shah, Chairman of EEPC, the consulting company ... More

FOREIGN TRADE


WTC Mumbai trade team to visit Russia
WORLD Trade Centre (WTC), Mumbai is planning to take a trade mission to Russia to participate in the WTCA Asia Pacific Meet being hosted by World Trade Centre, Ekatarinburg (Russia) in May 2005. WTC is keen to project India and its image in the ... More

PETROLEUM


March crude output exceeds Govt target
THE crude oil production in March was more than Government output target of 2.703 million tonnes (mt). During the month, the crude oil production was 2.917 mt. This was a surplus of 7.9 per cent. According to an official data, the ... More

POWER


Time-of-day power tariffs on the anvil
CONSUMERS in most States could soon end up paying different electricity tariffs during different hours of the day. Various State Electricity Regulatory Commissions have decided to work overtime to usher in `time-of-day' tariffs. In a meeting ... More

NTPC Hydro inks pact with Bengal for Rammam Stage-III
NTPC Hydro Ltd, a subsidiary of NTPC, has signed an MoU with West Bengal State Electricity Board (WBSEB) for implementation of the 90 MW capacity Rammam Stage-III hydroelectric power project. An agreement to this effect was signed on Thursday ... More

TAXATION


Kanara Chamber plea on service tax
MANGALORE: The Kanara Chamber of Commerce and Industry (KCCI) has urged the Union Government to reinstate the earlier system of payment of service tax due by 25th of the succeeding month. In a letter to the Union Finance Minister, it ... More

Maharashtra Govt to clarify on VAT for commodities not attracting ST
THE Maharashtra Government will clarify its position on value-added tax (VAT) for commodities that did not attract sales tax till now. The Government will publish a notification by weekend to this effect, Mr Jayant Patil, Minster of Finance, ... More

AP Traders' bandh against VAT
HYDERABAD: The AP All Traders' Joint Action Committee against VAT has decided to support the nationwide bandh called by the Delhi-based Bhartiya Udyog Vyapar Mandal on Friday. Members of about 200 traders' organisations in the twin ... More

TEXTILES


`A golden period ahead for textile industry'
FOLLOWING the removal of quantitative restrictions in textile trade from January, some of the major challenges for exporters worldwide will be managing free trade, being cost competitive and managing the value chain effectively. This would ... More

SSI


Closer SIDBI, banks linkage for SSI credit flow
THE Reserve Bank of India is drawing up a scheme to forge a strategic alliance between the branches of different commercial banks and those of SIDBI to enhance the flow of credit to the small-scale industries (SSI). This is part of RBI's ... More

TRAVEL & PLACES


Relocation support scheme for US visitors
STUDENTS and professionals visiting the US for longer duration of stay can bid adieu to the worries about procedural, financial and personal issues of obtaining social security number, opening bank account and fixing utilities services after ... More

CREDIT POLICY


Bengal chambers hail plan for banking codes board
DESCRIBING the slack season credit policy announced by the RBI Governor on Thursday as an "exercise in stability," reflecting a cautious approach to the growth momentum, chambers of commerce here have welcomed the steps to increase the credit ... More

Bombay Chamber welcomes credit policy
THE Reserve Bank of India's Annual Policy Statement has drawn appreciation from various quarters. The Bombay Chamber of Commerce and Industry appreciated the initiative to introduce a structured approach to provide distinctive focus between ... More

FAPCCI hails Credit Policy
HYDERABAD: The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) has welcomed the RBI's Annual Monetary Policy for the year 2005-06. In a press release here on Thursday, Mr O.P. Goenka, President of FAPCCI, said ... More

BREWERIES


Liquor industry seeks clarity on brand-extension ads
THE Kingfisher Airlines may be serious business involving an outlay of around Rs 8,000 crore for the UB group. The Information and Broadcasting (I&B) Ministry may well feel that it is only a surrogate for the group's liquor business. All eyes in More

EDUCATION


SSC results thru SMS
HYDERABAD: Idea Cellular will let SSC students to access the results through SMS and voice-based service. To get results through SMS, customers need to type RESHall ticket no{gt} and send an SMS to 6789. He/she would get a reply, ... More

ELECTRICAL GOODS


`Use green tech to cut cost'
HYDERABAD: Mr B. Mazumdar, Director-General of Works, Central Public Works Department, has asked the industry to focus on research and development and improve the quality of electronic chokes. Addressing the inaugural of the two-day ... More

CONSULTING


ADB seminar on consulting services
THE Asian Development Bank (ADB) is conducting here a seminar on consulting services, as part of its multilateral role as a development finance institution on May 2 and 3. The New Delhi-based, Consultancy Development Centre, EXIM Bank and ... More

MINING & QUARRYING


Further liberalisation likely in mining sector
HINTING at further liberalisation in the mining sector, the Commerce and Industry Minister, Mr Kamal Nath, has said Government was contemplating to take "some steps" in the sector. "We will be taking some steps in the mining sector," Mr Kamal ... More

MINERALS


Bauxite mining in E. Godavari, Vizag districts opposed
THE recent proposal by the State Government to permit bauxite mining in East Godavari and Visakhapatnam districts has evoked protests from environmentalists, NGOs and others because of the ecological implications and the likely fallout on the ... More

GENDER


A helping hand
We're looking at the concept of `fortune at the bottom of the pyramid', and are seen as a trusted partner of the SMEs. — Ram Venuprasad, Adviser (Enterprise), Commonwealth Secretariat. More

EVENTS


Call for better factory conditions on workers' memorial day
AS per the International Labour Organisation, 2.2 million people die from work-related causes every year, which means 60,000 a day and one death every 15 seconds. Of these deaths, almost 3.5 lakh occur during work accidents and the rest are ... More

PF adalat on May 10
THIRUVANANTHAPURAM: The Employees Provident Fund Organisation (EPFO) will hold the next Provident Fund Adalat on May 10 at 11 a.m. at the Provident Fund Office, Pattom, here on May 10. Announcing this, an official spokesman said here ... More

INCOME TAX


I-T collections short of target in AP
HYDERABAD: The total income-tax collections in Tanuku of West Godavari district and Rajahmundry in East West Godavari district of Andhra Pradesh during the financial year 2004-05 are Rs 18 crore and Rs 50.21 crore, respectively. The ... More

EXPORTS & IMPORTS


Traditional items boost export growth in April-Jan
ACCELERATED export growth in traditional items such as agriculture and allied products, gems and jewellery, chemicals and related products and engineering goods which account for a lion's share of the country's exports helped in propelling the ... More

Tea exports from South rise in 2004
INCREASED exports from South India pushed up tea shipments in the calendar year 2004 by around 10 million kgs (mkg) over the previous year, while exports from the North dropped by 3.8 mkg. Exports from South India in 2004 went up by 13.5 mkgs ... More

Karnataka software exports up 52%
KARNATAKA has reported a 52 per cent jump in its total software exports at Rs 27,600 crore during 2004-05, exceeding its own projections. The State has set a software export target of Rs 35,000 crore for the current fiscal, a growth of 26 per ... More

NATURAL CALAMITIES


Tsunami scare grips coastal village near Kakinada
AN unusually high wave (6-8 metres high) triggered panic at Uppada-Kottapalli village on the coast near here on Thursday morning, but there was no inundation of any part of the village. The beach road was, however, flooded for a while. As a ... More

TOURISM


Five-member committee to finalise modalities for SPV
The Chief Minister, Dr Y.S. Rajasekhara Reddy, has asked the southern States to make the discerning foreign tourists realise the tourism potential in the region. More


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Top Stories
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'No velvet glove to big defaulters'

`$500-mark for gold no longer a fancy'

Time-of-day power tariffs on the anvil

Traditional items boost export growth in April-Jan

Tea exports from South rise in 2004

Bharti Tele-Ventures Q4 net rises 44 pc

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In Focus

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In Depth

Gender Justice
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Looking back
Apr. 17-Apr. 23
`Fringe benefit tax to hit SSIs hardest'

Banks offering new schemes to lure women depositors

India second largest apparel exporter to US?

Panel report on oil PSUs' merger likely next month

Charak Pharma in pact with Russian co for liver disorder drug

IISCO-SAIL merger: Montek riles Left again

Power projects sans govt guarantees — FIs ready to accept alternative payment security mechanism

Global consumption of finished steel products to cross 1 b tonnes

CII lists anomalies in Customs duty structure

Oil marketing PSUs lose Rs 1,300 cr in two weeks

Gem and jewellery exports up 29 pc at $15.7 b — GJEPC prefers exemption system over refunds for VAT

Bank deposits losing favour with NRIs

Textile companies move to keep up with global trends

It's advantage India as China plans to tax its textile exporters

As global iron prices fall — Domestic steel prices likely to soften

Good pre-monsoon showers may help advance cardamom picking


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