Financial Daily from THE HINDU group of publications
Friday, June 17, 2005
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Monsoon getting into action mode
WITH the southwest monsoon entering the North-East on Thursday, the seasonal weather system seems to be getting into action mode after lying low for almost a week. The Arabian Sea arm has also showed signs of recovery as evidenced in the ... More

ANTI-DUMPING


Dumping duty mooted on Chinese woven fabrics
Final investigation has revealed that the subject goods have been exported to India below their normal value. More

ECONOMY


World Bank cautions TN on reversal of reforms
THE World Bank has cautioned the Government of Tamil Nadu that its recent policy choices of reversing critical reforms would impede expenditure-restructuring efforts and imperil the gains made thus far. In a recent report on economic growth ... More

ENGINEERING


EEPC flays proposal to hike export credit rate
THE Engineering Export Promotion Council (EEPC) has criticised the suggested hike (by the RBI committee) in export credit rate in foreign currency by 25 basis points to Libor plus one per cent as a counter-productive measure, especially in the ... More

FOREIGN TRADE


Amendment of double tax pact with Portugal
NEW DELHI: The Union Cabinet today gave its approval for carrying out an amendment to the existing double taxation avoidance agreement (DTAA) between India and Portugal . An official release said that the Amendment related to para 5 of ... More

PETROLEUM


Decision on petro price hike deferred
A DECISION on revising petroleum prices was deferred by the Cabinet Committee on Economic Affairs today. When asked if the issue was listed for the CCEA meeting, the Finance Minister, Mr P. Chidambaram, said, "Yes, but it has been deferred by ... More

POWER


CERC adds new chapter in draft Electricity Grid Code
THE Central Electricity Regulatory Commission (CERC) has added a new chapter on Inter-Regional Energy Exchange in the revised draft of the Indian Electricity Grid Code to enhance grid security and ensure energy balance among the five regions of ... More

TEXTILES


Looking beyond silk...
They became household names with their prized silk sarees. Today, many of Chennai's silk houses have diversified into modern wear, in line with changing preferences. More

SSI


Kerala khadi products to be exported to W. Asia
THE Kerala Khadi and Village Industries Board has received the licence for exporting khadi and other products to foreign countries. Following this, the board has initiated steps to export the products to West Asian countries, according to the ... More

COAL


Assocham opposes dual pricing for coal supplies
THE Associated Chambers of Commerce and Industry of India has opposed the Coal Ministry's proposal for introducing dual pricing of coal supplies, one for power utilities and the other for captive power plants (CPPs). In a representation ... More

EDUCATION


KPMG opens audit institute in India
GLOBAL auditing firm KPMG has launched its Audit Committee Institute (ACI) in India on Thursday to assist board members and audit committees in achieving effective audit committee processes and practices. ACI India is dedicated to providing ... More

US Embassy clarification on student visas
THE US Embassy has issued a fact sheet regarding the student visa process, and advising North Indian students who plan to travel to the country. "In the past, there have been certain misperceptions about student visas - that there was a ... More

MKU diploma for trainees
MADURAI: Madurai-Kamaraj University (MKU) will be awarding diplomas to those who successfully complete the training in the Young Entrepreneur School (YES), run by the Tamil Nadu Chamber of Commerce and Industry. The MKU Vice-Chancellor, ... More

MEDICAL INSTITUTIONS & HOSPITALS


Healthcare cos look overseas — To create brand 'India'
IF global private equity funds are picking up stake in Indian healthcare companies, the industry here is eyeing the international markets. In fact, several companies are in the process of setting up on-site delivery centres in different ... More

PRECIOUS METALS


Spot gold may test resistance level
SPOT gold prices moved higher helped by good fund and investor interest in the metals, as the dollar fell from a nine-month high against the major currencies. The common European currency is down about 10 per cent this year, due to sluggish ... More

PAPER, BOARD & NEWSPRINT


Paper makers against taking industry out of core sector
Any move to take the paper industry out of the core sector would also force domestic paper mills to pay the market price for coal. More

INDUSTRY ASSOCIATIONS


CII delegation to visit UK
IN an effort to forge new models of economic relationship between India and the UK, the Confederation of Indian Industry (CII) will embark on its annual CEO's Mission to the UK, from June 19-22, to brief the British counterparts on India's ... More

SCIENCE & TECHNOLOGY


Cabinet approves design, development of Oceansat-2 Mission
THE Union Cabinet today gave its approval for undertaking design and development of the Oceansat-2 Mission that entails building and launching a remote sensing satellite with ocean colour monitor (OCM). With the realisation of the Oceansat-2 ... More

SMALL SAVINGS


Regional PF branches under Mangalore office
MANGALORE: The sub-regional offices of Employees' Provident Fund Organisation (EPFO) — located in Chikmagalur, Mysore, Hubli, Bellary and Gulbarga — will come under the jurisdiction of the newly created Mangalore Regional ... More

FOREIGN DIRECT INVESTMENT


FIIs allowed in print media — Cabinet clears facsimile editions of foreign newspapers, journals
"Indian editions (of foreign newspapers) have not been permitted because of apprehensions that the Indian newspaper industry will not be able to withstand the competition." More

Andhra CM to tour Israel, Dubai from July 5
THE Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, will leave on July 5 on a tour to Dubai, Israel, and Egypt in an attempt to woo foreign investments. He will be accompanied by a high-level delegation on the tour. The official ... More

AP Govt aiming at 10% annual rise in investment
HYDERABAD: The Andhra Pradesh Government is targeting a 10 per cent increase in investment every year and is aiming to attract Rs 15,000 crore of new investments by 2010. Industries Department officials are working out a blueprint to ... More

E-GOVERNANCE


Digital service centres launched in Anekal taluk
FROM today, the people of Anekal taluk in Karnataka would no longer belong to the 750 million in the country who lack access to digital technology. With the launch of rural business centres (RBCs) offering `Namma Service', they can now have ... More

ENTREPRENEURSHIP


Maditssia to organise entrepreneurship scheme
MADURAI: The Maditssia Business Information Centre is organising an `Entrepreneurship Training Programme for Unemployed Youth' at Maditssia hall on June 25. The programme will cover the opportunities available in Madurai district, ... More

EXPORTS & IMPORTS


Spices exporters hail DGFT move
THE All India Spices Exporters Forum (AISEF) has welcomed the decision of the Director General Foreign Trade (DGFT) making it mandatory for the EOU/SEZ units engaged in spices imports and exports to get them registered with the Spices ... More


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Looking back
Jun. 5-Jun. 11
Waking up to the pollution threat

Assocham pitches for rural home loans at 6 pc interest

Cotton imports may slow down: USDA

Monsoon brings copious rains in Kerala

TN scraps entrance test for professional courses

`Bumper quarter' likely for pharma cos

Power sector remains area of concern: Plan panel

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Biotech industry revenues cross $1 b; Biocon retains top spot

High net worth individuals in India up 14.6%: Study

Ma Foi survey points to job market slowdown

Relief for oleoresin units as ban on light berries pepper import goes

In terms of per capita GDP — Karnataka, Bengal fastest growing States

Opening monsoon `pulse' fizzles out

Health study in Punjab shows high pesticide residues in blood

`Indo-Thai FTA may hurt domestic cos'


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