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Saturday, May 28, 2005

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INDUSTRY & ECONOMY

EMPLOYMENT


World Bank studying employment scenario in India
THE World Bank has taken up a comprehensive employment study of India as a whole under which it will closely look at the regulatory issues, which have a bearing on labour reforms. Making a presentation on `Growth with equity: Building on West ... More

CLIMATE & WEATHER


Pre-monsoon showers widespread in Kerala
MOST parts of Kerala received moderate to heavy rainfall overnight and early into Friday morning, prompting eager callers to check with newspaper offices if the southwest monsoon had set in. But the locally developed precipitation was the ... More

PENSION PLANS


Provident Fund Adalat at Thiruvananthapuram
THIRUVANANTHAPURAM: The Employees Provident Fund Organisation (EPFO) will organise a Provident Fund Adalat here at the regional office here at 11 a.m. on June 10. The Regional Commissioner will directly hear complaints during the ... More

ECONOMY


Inflation drops on cheaper textile products
THE growth in the annual wholesale price index-based inflation dropped marginally to 5.55 per cent during the week ended May 14, from 5.61 per cent in the previous week. The year-on-year inflation fell despite food and fuel products turning ... More

HOTELS


Poddar Heritage opens first hotel at Noida
PULSE Foods India Pvt Ltd, the greenfield hospitality initiative, promoted by the Poddar Heritage Group, has launched its first restaurant at Noida. The company plans to open eight such restaurants by May next year across Ludhiana, Mumbai, ... More

INFRASTRUCTURE


Infrastructure growth falls to 3.6 pc in April
COAL production recorded a growth of 8.2 per cent, highest among the six core sectors in April 2005, while the overall infrastructural growth rate for the month slowed down to 3.6 per cent from 10.5 per cent in April 2004 on face of decline in ... More

PETROLEUM


Oil cos, ISMA to ink pact on ethanol-blended petrol — Supplies to 10 States, 4 UTs from July
OIL marketing companies and the Indian Sugar Mills' Association (ISMA) will sign an agreement next month for supply of ethanol blended petrol in 10 States including Tamil Nadu, Andhra Pradesh, Gujarat, Uttar Pradesh, Maharashtra and four Union ... More

Subsidised natural gas rates for power, fertiliser units to go up 12 pc
THE Government is understood to have given its nod for a 12 per cent hike in prices of subsidised natural gas for the power and fertiliser units. Sources indicated that the Cabinet Committee on Economic Affairs (CCEA) had recently approved an ... More

POWER


Coal shipments to TNEB via Paradip hit
COASTAL shipments of thermal coal through the Paradip port for the Tamil Nadu Electricity Board (TNEB) have been hit by the not-so-satisfactory arrivals of the mineral at the port from the Talcher mines of Mahanadi Coalfields Ltd (MCL). "On an ... More

GE to have long-term approach to solve Dabhol issue
"Dabhol was not a success for us either, financially not at all. But we are a long-term company and that's the way we look at it". More

TAXATION


`Govt examining tax exemption for certain site preparation services'
SITE preparation and clearance services undertaken for certain exempted infrastructure activities such as roads, airports, dams and bridges may not attract service tax. "We have received representation from builders' associations that service ... More

WATER


Water levels decline in Kerala reservoirs
THIRUVANANTHAPURAM: Water levels at the State's three major reservoirs of Idukki, Idamalayar and Kallada have recorded a decline when compared to those of the previous week. According to figures released by the Central Water Commission, ... More

EDUCATION


UGC-JNTU(Hyd) refresher course
HYDERABAD: The UGC-Academic Staff College of the Jawaharlal Nehru Technological University (JNTU), Hyderabad is conducting three-week refresher course on "Computational methods in design and analysis of smart composites" from May 30 to ... More

BEVERAGES


No consensus at BIS panel meet on pesticide residue in soft drinks
THE BIS (Bureau of Indian Standards) committee meeting on setting standards for pesticide residues in soft drinks has failed to achieve consensus, with industry groups and NGOs engaged in an inconclusive debate at the panel's 11th meeting held ... More

INDUSTRY ASSOCIATIONS


Chamber hails TN move
MADURAI: The Tamil Nadu Chamber of Commerce and Industry (TNCC&I), hailing the constitution of a 17-member committee by the State Government to examine the Confederation Indian Industry-sponsored study for industrialisation of the southern ... More

TEXTILE MACHINERY


Textile mills opt for Chinese machineries
TEXTILE mills are preferring Chinese spinning and weaving machineries rather than wait for the long delivery schedule quoted by domestic manufacturers. A couple of mills in Coimbatore, Tirupur and Madurai and a few others such as Nagarika ... More

MINERALS


`Mineral ore export will hamper progress'
THE ONGC Chairman, Mr Subir Raha, has warned that exporting any kind of mineral ore will , in the long run, hamper the socio-economic development of the country. "Though India is rich in mineral resources, we are yet to take full advantage owing ... More

RURAL DEVELOPMENT


FAPCCI pitches for rural development
MR O.P. Goenka, President of the Federation of AP Chambers of Commerce and Industry (FAPCCI), said there would not be any development in rural areas unless rural necessities are taken care of. Addressing the inaugural session at a seminar on ... More

HUMAN RESOURCES


Labour force may rise 32 pc by 2011
A VAST majority of Indians graduate out of parental support by the time they are about 16 years old. They may not at that tender age be forced to stand on their own feet. But they have to at least begin contributing to the family income, or get ... More

INCOME TAX


Laxity in tax compliance
T. N. Pandey discusses a recent CAG report. More

Digital formats for TDS, TCS being enforced by Kerala IT Dept
THE Income-Tax office will not henceforth accept returns pertaining to Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) furnished by corporate and Government deductors. An official quoted the Commissioner of Income-Tax, ... More

EXPORTS & IMPORTS


Exporters flay curbs on pepper imports
THE All India Spices Exporters Forum has protested against the restrictions imposed by the Union Government on the import of pepper, saying it is `a retrograde step in the era of liberalisation'. Demanding the removal of restrictions, the ... More

Traditional items propel export growth during 2004-05
THE 24.13 per cent export growth in dollar terms during 2004-05 owed itself largely to the robust performance by five traditional products — agriculture and allied products, ores and minerals, gems and jewellery, chemicals and related ... More

Soya oil importers seek reduction in tariff value
WITH large parcels of degummed soyabean oil set to arrive in the country, jockeying for a reduction in tariff value has begun. Trade bodies and large importers have reportedly approached the Government for a review of the tariff value regime. ... More

Govt allows unshredded metallic scrap import through ICD Mulund
UNSHREDDED metallic scrap can now be imported through Inland Container Depot (ICD) Mulund, making this the 22nd eligible port for such imports. The Government had last year revamped the import policy on metallic scrap and stipulated that ... More

NATURAL CALAMITIES


Clinton for disaster mitigation system
AN early warning system, a disaster mitigation and management system and a compilation of the best practices in various countries that have dealt with disaster recovery are some of the areas countries in the region should work on, according to ... More

TOURISM


Dubai tourism promo contest concludes
`FAME Summer Dubai Contest,' a joint promotion effort of Dubai's Department of Tourism and Commerce Marketing (DTCM); SOTC - Do It Yourself Holidays; and Fame Multiplexes, has closed with two contestants from the city winning holidays in ... More


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Top Stories
Indian Bank IPO in September


No consensus at BIS panel meet on pesticide residue in soft drinks

Indian wheat bucks world price trend

Rubber may top Rs 70 on monsoon, low yield — Latex production down in April-May; rains could hit tapping

Infrastructure growth falls to 3.6 pc in April

Traditional items propel export growth during 2004-05

In Focus

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

Gender Justice
Simple Economics
Tax Talk
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Looking back
May. 15-May. 21
Something is rotten in fruit trade

Ministry clarifies on gem, jewellery sector service tax

Star India to charge 50% premium on prime time ad rates

Talks on phosphoric acid rates fail — DAP supplies may dry up, warn fertiliser cos

Monsoon caravan set rolling: IMD

Govt clears DTH proposals of Space TV, Sun Direct

Edible oil imports rise 21 per cent

Dubbed Hollywood flicks boost box office

Posco may sign MoU with Orissa Govt next month

Seafood exporters file suit against US Customs — Bond requirement for shrimp imports challenged

Inflation falls a tad on dip in food prices

Centre's 1-year report card — `Unfinished' agenda bugs pharma sector

`Indian textile market fastest growing in 2004'

Aiyar for equitable sharing of oil price hike burden


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