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Monday, July 18, 2005

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INDUSTRY & ECONOMY

CLIMATE & WEATHER


`Break monsoon' scaled down; `weak monsoon' in
THE National Centre for Medium Range Weather Forecasting (NCMRWF) has scaled down its `break monsoon' alert to a `weak monsoon' phase that has taken effect from Sunday. This has been necessitated by the emergence of weather conditions over ... More

ECONOMY


Uneven monsoon pushes up farm goods prices
PRICES of various agricultural commodities have shown a tendency to rise on delayed monsoon and uneven rainfall coverage since June 1, the official date for onset of monsoon. The prices, which reflect the trade's perception about kharif crop ... More

`Globalisation is a threat and an opportunity'
KERALA'S natural resources and its rich value addition should be used in a careful manner to help the State in facing the challenges of globalisation, said Mr C.V. Padmarajan, Vice-Chairman of Kerala State Planning Board. Globalisation is a ... More

`More investments in farm, infrastructure sectors needed'
THE Indian economy, which is poised to cross the expected seven per cent growth in GDP this year, will be able to sustain the growth only if sufficient investment is made in the areas of agriculture and infrastructure, according to Mr Mahendra K. ... More

AP Govt evolves formula to achieve development goals
THE Andhra Pradesh Government has decided to put in place a concrete plan of action involving ten-point formula aimed at ensuring that the benefits of the Government programmes reach the targeted sections within a specific timeframe. According ... More

AP moots special package for Telangana
A DAY after forwarding the resignations of six Telangana Rashtra Samithi (TRS) Ministers for the approval of the Governor, the Andhra Pradesh Government has decided to request the Centre to sanction a special package for all round development of ... More

ENVIRONMENT


Loan for Kochi civic body
KOCHI: The Kochi Corporation Council has accorded sanction to the civic body to avail a loan of Rs 12 crore from HUDCO for setting up a solid waste treatment plant at Brahmapuram. The civic body requires Rs 26.99 crore for setting up ... More

FOREIGN TRADE


Tariff rows may delay launch of SAFTA
For India, which has 5,200 tariff items comprising all commodities for trade with SAARC countries, 20 per cent of them need to be given out for preferential treatment to other SAARC members. More

INFRASTRUCTURE


Nabard RIDF assistance for AP
HYDERABAD: As part of Nabard's Rural Infrastructure Development Fund, an amount of Rs 15.17 crore had been spent up to June. Beneficiaries belonged to SC, ST and BC communities covering 22 districts. The `Comprehensive Land Development ... More

PHARMACEUTICALS


To make drugs affordable — Pharma companies moot differential pricing
THE big daddies of the domestic drug industry have tried to meet the Centre's efforts to make medicines affordable to consumers by suggesting differential pricing. For consumers below poverty line (BPL), the Government could procure generic ... More

POWER


TELK bags export order
KOCHI: The State-owned Transformers and Electricals Kerala Ltd (TELK) has bagged export order worth Rs 10 crore from Sultanate of Oman for transformers. The order is for supply of two132/33kv, 125 MVA transformers and six 33/11.5 kv, 20 ... More

TEXTILES


Small powerloom units in Virudhunagar hit
SMALL-scale powerloom units engaged in the manufacture of bandage cloth at Chatrapatti near Rajapalayam in Virudhunagar district are on the verge of closure, rendering more than 10,000 weavers unemployed. With a market share of 85 per cent, ... More

COAL


INTUC welcomes coal wage pact
THE Indian National Trade Union Congress (INTUC) has described the National Coal Wage Agreement as historic as it is significantly different from other similar wage pacts. The Working President of INTUC and member of the National Coal Wage ... More

REAL ESTATE & CONSTRUCTION


Bengal Unitech plans real estate projects worth Rs 3,000 crore
BENGAL Unitech Universal Pvt Ltd has unveiled two real estate projects in New Town Rajarhat near Kolkata, the implementation of which is estimated to entail an investment of Rs 3,000 crore. Spread over 150 acres of land, the project would ... More

Ampa mall to open in Chennai late next year
AMPA Center One, the mall promoted by Ampa Housing Development Pvt Ltd, will be commissioned in the third quarter of 2006. Mr Ampa Palaniappan, Managing Director, Ampa Housing Development Pvt Ltd, said that the Rs 50-crore mall project located ... More

INDUSTRY ASSOCIATIONS


Assocham wants standard format for 'Rules of Origin'
THE Government should not relent under any pressure from Asean countries to dilute Rules of Origin that India has already framed before signing the Comprehensive Economic Cooperation Agreement (CECA) with Singapore as such a compromise will ... More

TEXTILE MACHINERY


Textile machinery roadshow at Coimbatore
COIMBATORE: A roadshow on the forthcoming second Asian international textile machinery exhibition ITMA Asia 2005 to be held in Singapore in October is being organised across major textile centres, including Coimbatore this month. The ... More

SCIENCE & TECHNOLOGY


ISRO to celebrate silver jubilee of launch of SLV-3
THE Indian Space Research Organisation is celebrating the silver jubilee of the first successful launch of India's satellite launch vehicle (SLV-3) on July 18, 1980, with a series of programmes at the Vikram Sarabhai Space ... More

FOREIGN DIRECT INVESTMENT


Make details on VW deal public: TDP
DEMANDING the State Government to make public all the details pertaining to the controversial Volkswagen car project deal and the suspicious role of the former Major Industries Minister, Mr Botsa Satyanarayana, and other officials of the ... More

`MNCs keen on investing in India'
ALMOST 70 per cent of multinational corporations (MNCs) participating in the `CII-A.T. Kearney MNC Survey 2005' have evinced likelihood of making additional medium and long-term investments in India. The survey further finds that three out of ... More

HUMAN RESOURCES


AP to set up overseas manpower corpn soon
THE State Government has decided to set up an organisation called `Overseas Manpower Corporation of Andhra Pradesh (OMCAP) to prepare and find jobs for rural youth in foreign countries. The new organisation seeks to eliminate unauthorised and ... More

EVENTS


  • Agenda for the week

    EXPORTS & IMPORTS


    No brave comments on wheat imports, please
    It would be unfortunate if policymakers take the market for granted and make claims that may subsequently turn out to be hollow. More


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    Top Stories
    `Break monsoon' scaled down; `weak monsoon' in


    CNOOC's offer for Unocal — China must not slip on US oil

    Rakesh Jhunjhunwala to acquire 13.5% in Viceroy Hotels

    `Focus on new services paying off for Infosys'

    Higher output, stockpiling pull chilli prices down

    Mega box ships to come calling soon — Time for shippers, ports to gear up

    Investing in sector funds - right always?

    To do many things do only one thing at once

    In Focus

    Tracking the rains
    FDI in Print Media
    Sethusamudram Canal Project
    Indo-S'pore Economic Treaty
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Jul. 10-Jul. 16
    Lankan pepper imports taking toll on local trade

    Ministry expects 25 pc growth in textile exports

    Free trade pacts turning a tool to dump spices

    Even chances for a `break monsoon'

    PMO working on pharma policy

    Oil installations sitting ducks for hurricanes

    Five commodities emerge top performers in April '05 exports

    India consumed Rs 41,000-cr junk food in 2003

    Shrimp exports fall sharply post-tsunami

    Car sales marginally down in June

    FM radio: Govt fixes net worth norm

    FDI in real estate bogged down by ambiguity in norms: FICCI survey

    Garment exporters grapple with tax, DEPB problems

    LNG transportation — Shipping Ministry to counter move to relax charter norms

    Global uncertainties have increased, says RBI Governor

    Petrol dealers drop strike plan

    Rogue Bay system seen delaying `break monsoon'

    Indian textile exporters plan to sell their brands abroad

    Price stability, prime concern for RBI


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