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Tuesday, July 26, 2005
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Monsoon active; all-India average normal
THE well-marked low-pressure area over North Bay of Bengal was just a churn away from being classified as a depression, as large parts of east central India and the peninsula were brought under a blanket of rain on Monday. Re-classification of ... More

Death trap
The incident of a bank employee being swept away in a manhole seems to have woken up the authorities to the danger of open manholes. A pole is stuck into one such manhole in Banjara Hills after incessant rains on Monday. ... More

NRIS


NRK meet in Thiruvananthapuram from Aug 5
FROM August 5 to 8 this year, the city will play host to a series of gatherings of non-resident Keralites. The events are being organised by the State Government's Non-Resident Keralites' Affairs Department (Norka). Announcing this at a press ... More

AUTOMOBILES


CCEA nod for Rs 1,718-cr automotive testing facility
"It would be a public-private partnership venture and would be implemented in two phases." More

ECONOMY


RBI upbeat on growth
THE Reserve Bank of India on Monday said that the business confidence index for the current quarter, based on its latest industrial outlook survey, showed a marginal decline of 1.1 percentage point, over the previous quarter. The index for ... More

`Industrial credit demand stronger'
THE demand for credit from the commercial sector strengthened in the first quarter in 2005-06, said the Reserve Bank of India in its Macroeconomic and Monetary Developments review released on Monday. Though food credit growth decelerated ... More

FOREIGN TRADE


Cabinet nod for investment pact with Senegal
IN a move that is likely to increase the flow of investments between India and Senegal, the Union Cabinet on Monday approved the signing and ratification of a Bilateral Investment Promotion and Protection Agreement with Senegal. India has ... More

INFORMATION TECHNOLOGY


Digital mapping for Mangalore SEZ may be over in 15 days
THE digital mapping for the establishment of a special economic zone (SEZ) in Mangalore is likely to be completed in 15 days. Addressing presspersons here on Monday, the President of the Kanara Chamber of Commerce and Industry (KCCI), Mr A. ... More

INFRASTRUCTURE


CCEA clears scheme to fund public-private partnership
THE Cabinet Committee on Economic Affairs (CCEA) on Monday approved the introduction of a scheme for financial support to public private partnership in infrastructure projects implemented by entities with a minimum 51 per cent private ... More

PSU


Profit-making PSUs to get more financial autonomy
THE Cabinet Committee on Economic Affairs (CCEA) on Monday decided to increase the financial autonomy of profit-making Central Public Sector Enterprises (CPSEs). The committee has also allowed more discretionary power to the Chairman-cum-Managing ... More

PETROLEUM


Govt awards 18 blocks under NELP; ONGC, RIL emerge as major players
ONGC and Reliance Industries Ltd have emerged as major players in the fifth round of the New Exploration Licensing Policy (NELP V). Of the 20 blocks that were offered under the NELP V, the Government on Monday awarded 18 blocks, while ... More

POWER


Govt bets on franchisee model to push rural electrification projects
THE Government has taken a leaf out of the book of multinational food and retail majors to push through rural electrification projects in the country. The Ministry of Power is betting heavily on the franchisee model, under which local bodies ... More

TEXTILES


Textile Ministry willing to consider ETP proposals
THE Textile Ministry is willing to consider proposals from executing agencies for modernisation of effluent treatment plants (ETPs) under the Textile Centre Infrastructure Development Scheme (TCIDS) if forwarded by the State Government which is ... More

CCEA nod for integrated textile park scheme
THE Cabinet Committee on Economic Affairs on Monday approved the scheme for Integrated Textile Parks to set up to 25 parks for exports across the country at an estimated cost of Rs 625 crore spread over this year and the next. The scheme ... More

RADIO/TV


Cabinet refers downlinking norms for channels to GoM
THE Cabinet today decided to refer the downlinking guidelines to the Group of Ministers (GoM) to put in place a regulatory framework for channels beaming into the country. Briefing newspersons after the Cabinet meeting, the I&B Minister, Mr ... More

EDUCATION


Career guidance programme in Mangalore
CORPORATION Bank and Expert Education and Charitable Foundation of Mangalore organised a career guidance programme in Mangalore on Saturday. The Chairman and Managing Director of Corporation Bank, Mr V.K. Chopra, who inaugurated the programme, ... More

CARS


Corporate car sales dip amid confusion over FBT
THE confusion surrounding the fringe benefit tax (FBT) on perks relating to cars has impacted corporate sales in the first quarter this year. Car sales to the corporate sector, which normally account for 50-60 per cent of the total sales, ... More

REAL ESTATE & CONSTRUCTION


NTC mills' sale triggers boom in firms with land
THE sale of two Mumbai's textile mills at very high prices has once again driven up share prices of companies with huge real estate. There was across the board buying in the shares of companies that own land in Mumbai or other major cities in ... More

INDUSTRY ASSOCIATIONS


FAPCCI award nominations
HYDERABAD: The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) has extended the last date for receipt of nominations for the FAPCCI awards for the year 2004-05 up to August 1. In a release here on Monday, a ... More

CERAMICS


Steps afoot to revive Kerala's tile industry
AS part of the Government's efforts to revive the tile industry in the State, the Chief Minister, Mr Oommen Chandy, will soon convene a conference to discuss the problems being faced by the industry. The conference will look into suggestions ... More

CONTRACEPTIVES & PROTECTIVES


Kerala: Condom machines to be inaugurated on July 29
IN an effort to supplement the State Government's initiatives in the area of HIV prevention, Hindustan Latex Family Planning Promotion Trust (HLFPPT) is launching an `any time condom' project in Kerala. The Trust is promoted by the public ... More

WTO


Cabinet panel on WTO okays revised offers on services
"India would be guided by the range and depth of the improved offers that would be made by the developed countries." More

EVENTS


  • In Hyderabad today

    NATURAL CALAMITIES


    AP CM orders relief work at rain-hit areas
    THE Chief Minister, Dr Y.S. Rajasekhara Reddy, has directed officials to take up rescue and relief activities in the areas hit by incessant rain in the last three days. Nine rain-related deaths reported so far. Dr Reddy has announced an ex ... More

    Tsunami scare
    Residents filled the beach at Poonthura near Thiruvananthapuram on Monday morning after hearing of an earthquake near Sumatra the previous night. The fishermen's villages along the coast woke up to a day of speculation reviving tsunami ... More

    ALTERNATIVE MEDICINES


    Siddha compositions to be digitalised
    THE Central Research Institute for Siddha (CRIS) has planned to digitalise about 10, 000 formulae of Siddha compositions with the support of the Government, the CRIS Director, Dr G. Veluchamy, said here. Mr Veluchamy was speaking at the ... More

    ECONOMIC OFFENCES


    AP CM asks officials to trace transactions in Volkswagen scam
    THE Chief Minister, Dr Y.S. Rajashekhara Reddy, on Monday directed officials to trace the path of the flow of money and various transactions in the Vashishta Wahan, the special purpose vehicle created to facilitate the setting up of the proposed ... More


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    In Focus

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    In Depth

    Gender Justice
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    Looking back
    Jul. 17-Jul. 23
    `Break monsoon' scaled down; `weak monsoon' in

    Steel prices likely to firm up by September: RINL chief

    Exports rise 19 pc in first quarter

    `FMCG sector to grow over 50 pc by 2010'

    Ma Foi predicts cooling off quarter for jobs

    NELP panel calls for appointment of nodal officers

    Indian Textile Clusters, Carrera Holdings sign pact for textile consortium

    No let-up in movement of ore to steel plants

    Rajeev Chandrasekhar may tune into FM radio

    Govt fixes floor price for e-auction of coal

    Chidambaram for `measured response' to market swings

    Yuan change: No major benefit seen for textile exporters

    Iron ore market to remain in balance till 2010

    India largest recipient of World Bank aid

    Exim Bank to extend $400 m line of credit — Firms exporting to 2 CIS nations, Francophone countries likely to benefit

    Textile exports to US decline in May


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