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Tuesday, June 28, 2005
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Monsoon reaches Delhi two days ahead of schedule
THE southwest monsoon, which has been running late by 10 to 14 days till a few days ago, seems to have covered some ground reaching Delhi two days earlier than schedule. On Monday, it brought the western States of Rajasthan, Punjab and Haryana ... More

Monsoon showers
A call for a `bandh' of motorised vehicles and the first showers of the monsoon brought cheer to rickshaw pullers of Kolkata on Monday. They could earn some extra money by ferrying more people during the day. ... More

Slushy fun
School children enjoy a game of football in a flooded ground in south Mumbai on Monday. The weather department has forecast heavy rains accompanied by strong gusty winds in the next few ... More

ECONOMY


Karnataka's exports rise 48 pc in 2004-05
EXPORTS from Karnataka have grown 48 per cent to touch record Rs 61,800 crore for 2004-05. The exports, spurred by electronics, computer software and biotechnology, have put Karnataka at the fourth spot among the States and top the previous ... More

`Growth rate remains below Plan panel target' — PM concerned over farm, industrial growth
THE two-day National Development Council (NDC) meeting on Monday got underway with the Prime Minister, Dr Manmohan Singh, highlighting the critical points of the Mid-Term Appraisal (MTA) of the Tenth Plan (2002-07), particularly the tepid ... More

Infrastructure growth slips to 5.6 pc in May
INFRASTRUCTURE growth in May this year slowed down to 5.6 per cent, compared to 6.7 per cent in the same month a year ago, following a poor show by the crude oil and refining sectors. A sharp recovery by the coal and electricity generation ... More

Fertility decline averts 300 m births
The high proportion of married women reporting no babies ever born comes as a surprise, and would probably benefit from some investigation and/or cross-checking of the data. More

EXCISE AND CUSTOMS


Help centre for Excise, Customs
VISAKHAPATNAM: The Central Excise and Customs, Visakhapatnam zone, is setting up a help centre from July 1 at Dutt Island, Siripuram Junction, to help assessees. Dr T.V. Sairam, Chief Commissioner, Customs and Excise, told newspersons on ... More

FOREIGN TRADE


Countries with good governance to have better access to EU market
DEVELOPING countries pursuing good governance and sustainable development policies would be put on a fast-track for qualifying additional duty-free preferential access to the 25-member European Union (EU) market from July 1, 2005 for 7,200 ... More

EU-India summit set to improve bilateral ties
THE European Union expects its economic relations with India to reach at par with its other major strategic partners such as US, Japan and China, after the next EU-India summit scheduled for September, in New Delhi. According to a senior EU ... More

Singapore PM to sign 2 pacts
INDIA and Singapore will sign two agreements during the three-day official visit of the Singapore Prime Minister, Mr Lee Hsien Loong, to India starting Tuesday. The first agreement would be the Comprehensive Economic Cooperation Agreement ... More

PSU


Ruia group to buy out another Orissa PSU
THE Kolkata-based Ruia Group, which controls Jessop and Co, is set to make yet another acquisition. The Orissa Government has recently cleared a proposal from the Group for acquiring a controlling stake in IDCOL Rolling Mills Ltd (IRML), a ... More

PETROLEUM


Petroleum Ministry to push for release of oil bonds
THE Petroleum Ministry has stepped up pressure on the Finance Ministry for release of second tranche of oil bonds. Official sources told Business Line that, the Petroleum Ministry has been pushing for it and indications are that it may ... More

`Assessment of GSPC gas find in KG Basin to take 14 days'
THE Director-General of Hydrocarbons (DGH) on Monday said that it would take at least a fortnight to estimate the size of the gas reservoir in Krishna-Godavari Basin (KG Basin) where Gujarat State Petroleum Corporation Ltd (GSPC) has discovered ... More

Aiyar blames speculators for high oil prices
SPECULATIVE investments in oil assets by investors, who were not traditionally present in the oil market, are responsible for the high ruling prices of oil, according to the Petroleum Minister, Mr Mani Shankar Aiyar. "People who had ... More

HPCL expects to regularise Euro-III supply in Kolkata soon
HINDUSTAN Petroleum Corporation Ltd (HPCL) expects to regularise supply of Euro - III fuel in Kolkata shortly. Admitting a short supply situation in the city, sources in HPCL said that constraints in transportation logistics coupled with ... More

SSI


NISIET to survey SSIs in AP
THE National Institute of Small Industries Extension and Training (NISIET) has been asked to conduct a detailed survey of small-scale industries (SSIs) in the State. As the co-ordinating agency, NISIET should ensure that the survey covers ... More

RADIO/TV


Allow 100% foreign ownership in satellite radio broadcasting: TRAI
THE Telecom Regulatory Authority of India (TRAI) has recommended 100 per cent foreign ownership in satellite radio broadcasting with no entry fee for companies interested in this business. Making a case for granting licenses, the broadcast ... More

SCIENCE & TECHNOLOGY


Moon mission to carry 3 European instruments
ISRO's lunar mission coming up in 2007-08 will carry three scientific payloads from premier European institutes. ISRO and the European Space Agency signed an agreement for this today. The agreement allows Indian and ESA scientists to share data ... More

SCCL to use satellite data for exploration
SINGARENI Collieries Company Ltd (SCCL) wants to bolster its ground-based coal exploration methods, mining and related activity by using satellite imagery. It plans to source high-resolution remote sensing data from Indian Remote Sensing ... More

ISRO close to playing role in global navigation systems
ISRO today said that it was close to be signed up for involvement in two important global navigation systems - the Russian GLONASS and Europe's Galileo. It hopes to launch some of the replenishment satellites for GLONASS on its GSLV ... More

HEALTHCARE PRODUCTS


Maharashtra FDA questions claims of nutraceuticals
IF it is a food supplement, then why does it have dosages? What food is taken in dosages, questions Mr Ramesh Kumar, Commissioner of the Maharashtra Food and Drug Administration (FDA). Companies making therapeutic or curative claims on ... More

FOREIGN DIRECT INVESTMENT


Cussons allowed to retain 100% control in Indian operations
THE Government has allowed waiver of the divestment clause for Cussons India Pvt Ltd. Cussons, which markets Imperial Leather brand of soap and talc in the country, had sought permission from the Foreign Investment Promotion Board (FIPB) to be ... More

SOCIAL WELFARE


Labour welfare fund payment
THIRUVANANTHAPURAM: The Labour Welfare Fund Inspector has notified that specified institutions should pay up the half-yearly instalment of the employee welfare fund before July 5. Those institutions that are required to pay up as per ... More

RURAL DEVELOPMENT


Good response to Akshaya scheme
THE State Government's programme for rollout of its `Akshaya' scheme to more districts, after its success in Malappuram district, has received good response. The Government has received 8,282 applications for starting e-centres at 1,116 places ... More

EXPORTS & IMPORTS


Selling pressure, Lanka imports hit pepper prices
PEPPER prices, both spot and futures, declined on reports of increased arrivals from Sri Lanka at low prices and a consequent selling pressure in the Coorg region of Karnataka. After ruling steady during last week, spot prices on Monday fell by ... More


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Top Stories
Infrastructure growth slips to 5.6 pc in May


BT to invest $48 m in Asia

Maharashtra FDA questions claims of nutraceuticals

Where conventional, organic, GM farms co-exist

Protecting farmers from world markets

Allow 100% foreign ownership in satellite radio broadcasting: TRAI

Moon mission to carry 3 European instruments

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
Jun. 19-Jun. 25
`N. America accounts for over 60 pc of exports'

`Navratnas public sector character won't be altered'

Use of disinvestment proceeds — Throwing good money after bad?

Petro subsidies: Flawed basis

IDFC proposal among FDI worth Rs 484 cr cleared

Singapore-India pact: A `win-win' settlement

Sri Lankan vanaspati imports hurting local industry: IVPA

Costlier fuel not to push FMCG prices up

Taxation of profits from DEPB licence sale — PM's council favours going easy on `small exporters'

`Steel prices may revert to $600'

Star open to offering channels to Chandra's DTH platform

Cabinet okays Bill on alternative medicines

States yet to claim for revenue loss from VAT implementation — It is 'early days', caution Ministry officials

Bajaj, Hero Honda, Enfield top customer satisfaction: Study

Cabinet nod for GDN headquarters in India

Tourism industry upbeat on domestic, foreign travel

`Cement, best performing sector'


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