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Friday, May 27, 2005

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INDUSTRY & ECONOMY

ECONOMY


Consumption groups and demand for durables
It is also necessary to ascertain where that market is located; in geographical terms, of course, but also across income groups. Whom ought you to target for the most rapid growth potential? The rich, middle income groups - or perhaps ... More

HEALTH


Businesses must play greater role in curbing AIDS: Clinton
FORMER US President Mr Bill Clinton today asked Indian companies to play a greater role in curbing AIDS by helping provide universal access to drugs. This could be done by further bringing down the cost of drugs. He also announced that the ... More

PETROLEUM


Govt may end duty sops on petro product exports
A DECISION on domestic petrol and diesel prices may be in the offing with the Government considering the option of withdrawing the export incentive duty drawback scheme for petroleum products. At present, major exports of petroleum products ... More

POWER


Immelt meets Sayeed on sale of equity in Dabhol project
THE General Electric CEO, Mr Jeffrey Immelt, on Thursday met the Power Minister, Mr P.M. Sayeed, to discuss the position taken by the company on the sale of equity in the idle 2,184-MW Dabhol Power project. According to official sources, Mr ... More

TAXATION


Corporate sector paying due share of taxes: Chidambaram
Hopes to net a `tidier sum' in arrears

THE Finance Minister, Mr P. Chidambaram, on Thursday made clear his intention not to hike corporate tax rates even as he highlighted that the bulk of the direct tax revenues for 2005-06 are to come from the corporate sector. "It is wrong to say ... More

Bengal doesn't favour imposition of toll tax on roads
WEST Bengal is not encouraging imposition of toll tax on roads for any long-term period for BOT (build-operate-transfer) projects with private sector participation. The State Government feels that revenue generation for the newly built road ... More

SSI


SIDBI plans credit rating agency for SME sector
SMALL Industries Development Bank of India (SIDBI) is planning to set up a credit rating agency for the small and medium enterprises sector, along with Dun and Bradstreet, Credit Information Bureau of India Ltd and other commercial banks. This ... More

COAL


Coal merchants against CIL's e-auctioning system
THE Indian Coal Merchants' Association (ICMA) has questioned state-owned Coal India Ltd's (CIL's) decision to start selling coal to non-core sector industries through e-auctions, particularly when consumers in this sector do not have an ... More

HOME APPLIANCES


What does your washing machine say?
Innovative gadgets that promise to ease the drudgery of household chores... More

FOODS & FOOD PROCESSING


Kolkata seeks Centre's nod to set up codex cell
THE Department of Food Processing Industries and Horticulture of the West Bengal Government has sought the Centre's nod for setting up a codex cell in the State. The proposed cell will keep track of codex information, codex documents, will ... More

MEDICAL INSTITUTIONS & HOSPITALS


GE, Dr Trehan sign MoU for MediCity
GE and Dr Naresh Trehan today announced a memorandum of understanding for collaboration in a number of initiatives, in a bid to set up a medical institute of world standard, called MediCity. The $250-million institute will be spread over 43 ... More

PRECIOUS METALS


Gold may correct higher
SPOT gold prices are seen correcting higher on the back of short-covering ahead of a holiday weekend and supported by physical bargain hunting at the current low levels. On the economic calendar, markets will watch out for the US first-quarter ... More

PAPER, BOARD & NEWSPRINT


Kraft paper units plan cut in output to counter glut
The manufacturers are being squeezed between increasing prices of raw materials and lowering prices of the finished product. More

DISINVESTMENT


Govt to sell 10% stake in BHEL
THE Cabinet has given clearance to the Government to sell 10 per cent stake in Bharat Heavy Electricals Ltd (BHEL) through the book-building route. Briefing newspersons after the meeting, the Finance Minister, Mr P. Chidambaram, said the ... More

SOCIAL WELFARE


Crooning for a cause
When they are not juggling professional careers, they are playing music for charity. `Step on the Gas' was in Chennai recently to raise funds for tsunami relief. More

LABOUR REFORMS


Centre willing to remove rigidity in labour laws
THE Union Government is willing to remove the rigidity in national labour laws, thereby, allowing the manufacturing sector to increase or decrease the strength of labour force as per requirement from time-to-time. Indicating this here on ... More

INCOME TAX


Global sporting events held in India to get tax waiver
ENHANCING India's chances of hosting the Champions Trophy, the Union Cabinet on Thursday decided to amend the Income-Tax Act to exempt income of residents and non-residents arising out of any international sporting event conducted in the country. ... More

NATURAL CALAMITIES


People's Tribunal to tour tsunami-hit areas
THIRUVANANTHAPURAM: A People's Tribunal set up to look into various aspects of the rehabilitation of those affected by last year's tsunami will visit the tsunami-hit areas of Kerala, Pondicherry and Southern Tamil Nadu in the next few ... More


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In Depth

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`Indian textile market fastest growing in 2004'

Aiyar for equitable sharing of oil price hike burden


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