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Saturday, July 16, 2005

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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Rogue Bay system seen delaying `break monsoon'
A FRESH cyclonic circulation over the southwest Bay of Bengal that is bringing rain to Tamil Nadu as well as along the west coast, is seen pushing back the break monsoon phase by a day or two. Various models now suggest that this circulation ... More

SOCIAL SECURITY


Left unions to press for 9.5% EPF rate
THE Government is likely to come under pressure once again on the issue of interest on Employees Provident Fund (EPF) deposits. Prior to the July 30 meeting of the Central Board of Trustees (CBT) to decide on the interest rate for 2005-06, ... More

INTERIORS & HOMES


One-stop shop for home décor products to open in November
INTERNATIONAL buying houses such as Li & Fung, IKEA Trading, Allianz, Linmark, Metro Group Buying and OTTO Agn International may no longer have to travel from State to State to source products for their home décor segment. Be it home linen ... More

ECONOMY


Price stability, prime concern for RBI
"GLOBAL uncertainties have increased," says the RBI Governor, Dr Y.V. Reddy, and firm crude prices could be the first if not the only uncertainty, ahead of the first quarter review on July 26. International commodity prices have turned sober ... More

Inflation falls on lower food prices
THE annual wholesale price index-based inflation fell to 4.09 per cent during the week ended July 2, from the previous week's 4.14 per cent. The fall in the year-on-year inflation rate was mainly on account of lower food prices, according to data ... More

ENVIRONMENT


Environmental watch on Sethusamudram
THE Ministry of Shipping will pay serious attention to the monitoring of environmental impact during and after the implementation of the Sethusamudram Ship Channel project (SSCP), assured the Secretary, Department of Shipping, Mr D.T. Joseph, ... More

FOREIGN TRADE


Kerala: Qatar shows interest in 7 projects
THE Qatar Government, which had sent a delegation to Kerala last month to explore investment opportunities, has zeroed in on seven project proposals out of 20 showcased by the State Government. As the next step, the Kerala State Industrial ... More

HEALTH


The new `lifeline' with neighbours
WHEN Azeez from Pakistan called up Chennai-based private cord blood bank Lifecell insisting that he wanted to store the cord blood or blood from the umbilical cord of his soon-to-be born child, Lifecell was surprised. Neither did they have a ... More

Dr Reddy's plans global meet on gastro cancer
DR Reddy's Laboratories Ltd is organising the `Meet the Stars' symposia for the second consecutive year. These symposia on gastrointestinal (GI) cancer would be held in Chennai, Mumbai and Delhi between July 15 and 17. In a press release ... More

Raging bull
The Red Bull campaign van parked outside a Mumbai college on Friday. The Food and Drug Administration (FDA) has prohibited the sale of the popular Austrian energy drink. A non-governmental organisation has filed a complaint stating that a key ... More

INFRASTRUCTURE


World Bank to fund municipal projects in AP
THE World Bank has agreed `in principle' to fund the Andhra Pradesh Urban Reforms and Municipal Services Project (APURMSP), the Chief Minister, Dr Y.S. Rajasekhara Reddy, announced here. Of the Rs 1,320-crore project cost, the Bank would fund ... More

CII summit on sustainable infrastructure in Hyderabad
THE Confederation of Indian Industry (CII) is organising the third edition of SUMINFRA, a summit on `Sustainable Infrastructure' here on July 28 and 29. The summit will focus on investment opportunities in the areas of ports, roads and physical ... More

POWER


Rain brightens Kerala's hydel power prospects
THE hydel power situation in the State has improved as the inflow has picked up significantly in recent days following copious rains in the catchment areas of all the hydroelectric projects. With the storage level in the reservoirs of these ... More

Dabhol SPV: Govt asks parties to finalise shareholders' pact
THE Government has directed NTPC, GAIL and the IDBI-led team of lenders to finalise within a week the shareholders' agreement for the newly formed special purpose vehicle (SPV) that would own and operate the $2.9-billion Dabhol power ... More

Ratnagiri Gas PPA likely soon
MUMBAI: The Maharashtra Government is most likely to sign the power purchase agreement (PPA) with the Ratnagiri Gas and Power Ltd in a couple of weeks' time. The Government will buy power at Rs 2.30 per unit at 80 per cent plant load factor, ... More

STEEL


Posco to invest $900 m for port in Orissa
KOREAN steel major Posco will invest $900 million for setting up a dedicated port facility at Jatadhari in Orissa. The proposed port will be constructed in two phases, according to a company release. This is part of the company's earlier ... More

TEXTILES


Indian textile exporters plan to sell their brands abroad
INDIAN textile exporters are planning to move up the value chain by foraying into the high-margin branded garments and home textile markets in the US and the EU. Arvind Mills, which has so far been supplying to retailers including Wal-Mart, JC ... More

Textile institute at Coimbatore receives donation
COIMBATORE: Powerloom Development and Export Promotion Council (PDEXCIL) has donated Rs 10 lakh to Sardar Vallabhbhai Patel Institute of Textile Management (SVPITM) for the construction of two classrooms at the institute. The past ... More

SSI


SSI sector wants dues settled within 30 days
AS the Parliamentary Standing Committee on Industry is examining the Small and Medium Enterprises Development Bill, 2005 - it has 45 days more to submit its report - the SSI units are hoping for one crucial amendment to the original Bill - ... More

Management programme at Balanagar
HYDERABAD: The city-based Small Industries Service Institute (SISI)has announced a part-time nine days management development programme in the areas of sales and marketing from July 26 to August 5 at its office located in Balanagar ... More

WATER


Desalination plant planned for Bhimli
A desalination plant is being established at Bheemunipatnam, popularly known as Bhimli, as the coastal town in Visakhapatnam district is facing a water scarcity. The cost of the project is estimated at Rs 11 crore. Bhimli, a quaint old town ... More

COAL


Coal cos, unions sign wage pact
THE state-owned coal companies today signed the seventh National Coal Wage Agreement with the five Central trade unions representing some six lakh workers. This would mean an outgo of Rs 8,760 crore for the five-year period of 2001 to ... More

EDUCATION


Gecis ties up with Osmania varsity
HYDERABAD: Gecis Global, a captive BPO firm, has partnered with Osmania University for an associate trainee programme that will allow students to earn a Bachelor of Commerce (with computers) degree as they work alongside. The programme ... More

FOODS & FOOD PROCESSING


ICAR develops tech for ready-to-eat fish curry
THE Indian Council of Agricultural Research (ICAR) has said it has developed a technology for ready-to-eat fish curry in retortable pouches. This technology has been successfully commercialised and transferred to Forstar Insta Foods, Mumbai with ... More

Maharashtra gets approval for orange, banana export zones
The agri export zone is expected to benefit about 3,000 farmers and would generate additional employment for about 1,500 farmers. More

GEMS & JEWELLERY


Move to shift part of jewellery trade to interior Maharashtra
SENIOR officials of the Department of Industry, Maharashtra Government, MIDC, SEEPZ and representatives of diamond and jewellery manufacturers, traders and exporters are likely to meet shortly to discuss the possibilities of shifting a part of ... More

KNITWEAR & HOSIERY


Tirupur units to meet today on HC closure order
EVEN as the Madras High Court had ordered the closure of 660 dyeing/bleaching units in Tirupur for not showing any progress in setting up the reverse osmosis plant to treat effluents, the Dyers Association of Tirupur (DAT) has convened a meeting ... More

AGRICULTURAL INSTITUTIONS


Nabard aid for Alappuzha
THIRUVANANTHAPURAM: National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 1.26 crore to the State Government for three drainage and flood protection projects in Alappuzha district. According to a press release ... More

SCIENCE & TECHNOLOGY


New electromagnetic test facility launched at Taramani
CHENNAI-based Sameer Centre for Electromagnetics, an R&D lab under the Ministry of Communications and Information Technology, became the first of its kind in the country to have an electro-magnetic interference (EMI) and electro-magnetic ... More

FOREIGN DIRECT INVESTMENT


AP team to visit VW headquarters
A FOUR-MEMBER team from the State will visit Volkswagen, the German automaker's headquarters shortly to take up the issue relating to the funds deposited with Vashista Wahan, the special purpose vehicle, and also convince them to locate their ... More

INCOME TAX


Due date for filing TDS statements extended
THE Finance Ministry has extended the due date for filing of quarterly statement of tax deduction at source (TDS) and tax collection at source (TCS) for the quarter ended June 30 to August 31. The extension is applicable for quarterly statement ... More

Help centre for taxpayers at FAPCCI premises
HYDERABAD: Income-Tax Department, in association with the Federation of AP Chambers of Commerce and Industry (FAPCCI), has opened a help centre for small taxpayers at the chambers' offices. Inaugurating the help centre at FAPCCI, Mr P.K. ... More

EXPORTS & IMPORTS


Kerala gets Rs 10.69 cr under ASIDE
THIRUVANANTHAPURAM: The State Government will receive Rs 10.69 crore from the Union Ministry of Industries and Commerce under the Assistance to States in Developing Export Infrastructure and Allied Activities (ASIDE) scheme. This amount ... More

TOURISM


Tourism Ministry starts new project for rural areas
IN a move that is likely to benefit the local community both economically and socially, the Ministry of Tourism has launched a project to showcase rural life, art, culture and heritage. Addressing the Parliamentary Consultative Committee, the ... More


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Top Stories
Rogue Bay system seen delaying `break monsoon'


Poultry droppings may no more be a foul-smelling waste

BSNL takes group life cover from LIC for Rs 4,770 cr

Indian textile exporters plan to sell their brands abroad

Satyam launches Futurus lab

Pvt equity firms' investment surges

Patel for settting up panel to study IA deal with Airbus

HDFC first quarter net up 21%

Price stability, prime concern for RBI

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
Jul. 3-Jul. 9
India, US to explore tie-ups in earth observation, space communication

June rainfall deficit estimated at 15 pc

Fitness equipment sector in fighting fit shape

Banks asked to adopt policy for risk exposure to real estate sector

Table Employment Guarantee Bill in monsoon session: Left

South Gujarat in troubled waters

International design award for desi slippers

Per capita cereal consumption drops 20 pc

Assocham moots measures to boost ad outsourcing in India

Hardware exports touch Rs 8,000 cr in 2004-05: ESC

NHAI awards Rs 580-cr project to Gammon consortium

India's '03 trade GDP ratio at 30 pc: WTO

Cement majors post 10 pc rise in June shipments

India, Myanmar may bypass Bangladesh for gas pipeline — Other options to be explored

China tunes in to Philips' tele-medicine project

Marathwada, Telangana regions to witness rainfall over the weekend

34 pc above normal rainfall in one week

Gems & jewellery exports seen growing 15% this fiscal

Dabhol issue: Bechtel team heads to London for talks with Indian lenders


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