Financial Daily from THE HINDU group of publications
Wednesday, August 31, 2005
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INDUSTRY & ECONOMY

ACCIDENTS


MHADA to evacuate 107 buildings, move residents to transit camps
THE Maharashtra Housing and Area Development Authority (MHADA) will shift residents of 107 dilapidated buildings to transit camps, in view of the Chief Minister's order on evacuating residents from dilapidated and old buildings, said Mr Suresh ... More

EMPLOYMENT


Technological change vital for job creation in Kerala: CDS report
THERE is need for all-round technological change, especially in the primary sector activities, in Kerala in order to realise a sustainable pattern of human development and income growth, according to a report prepared by the Centre for ... More

UAE introduces 90-day visa
THE UAE has introduced a new 90-day entry visa renewable for the same period, for special categories of professionals. A decree issued by the UAE Ministry of Interior stated that the new three-month entry visa will be in addition to the ... More

CLIMATE & WEATHER


Monsoon seen withdrawing from extreme west
AFTER three months of a roller-coaster performance, the southwest monsoon is preparing to withdraw from the extreme west outpost of the mainland within a few days. Although the timing is more or less on schedule, the denouement is somewhat ... More

SOCIAL SECURITY


EPFO to revive national security number project
THE Employees Provident Fund Organisation (EPFO) is set to revive the project for issuing a national social security number. The project was postponed due to the delay in finalising the IT backbone and payment related issues with vendors. ... More

COURTS/LEGAL ISSUES


IRMA case: HC quashes order sacking Director Reddy
THE Gujarat High Court has quashed the termination of Prof K. Pratap Reddy as the Director of the Institute of Rural Management (IRMA), Anand and pulled up Dr Verghese Kurien for his conduct. Mr Justice M.R. Shah of the Gujarat High Court on ... More

ECONOMY


Bank deposit rates need to be raised: Rangarajan
THE Chairman of the Prime Minister's Economic Advisory Council, Dr C. Rangarajan, today called for upward adjustment in the rate of interest offered on deposits of banks. The former Reserve Bank of India Governor called for a review of the ... More

Fuel prices: Petty bourgeoisie politics?
By holding fuel prices, we are damaging the finances of oil companies and shifting the cost of adjustment from the affluent to Government. More

Premji calls for land reforms, power sector revamp to transform India
THE Wipro Chairman, Mr Azim Premji, has suggested the adoption of a multi-pronged strategy comprising immediate initiation of land reforms, overhauling of the country's power sector, health and primary education, besides pushing forward ... More

HEALTH


Maharashtra wants ban on kesari dal to go
THE Maharashtra Government is pushing hard to rescind a ban on kesari dal that has been in force across the country for almost 45 years. The Maharashtra Government, having sought the permission of the Centre to lift the ban almost a year ago, ... More

AP seeks 100-m DFID grant for health sector
The State Government has prepared a project report of about 100 million required over the next five years. More

Teleradiology ties up with Raichur centre
TELERADIOLOGY Solutions on Tuesday said it has tied up with Raichur Diagnostic Centre to provide remotely read digital X-ray and ultrasound services from Bangalore. The Raichur centre, which offers computed radiography and digital X-ray ... More

PETROLEUM


After losing PetroKazakh deal, ONGC now turns to Ecuador
AFTER losing the PetroKazakhstan deal to Chinese National Petroleum Corporation, ONGC is now looking for some solace in Ecuador. However, its bid for an oil-field-cum-refinery project in the country is hanging in the balance, as Ecuador is ... More

PHARMACEUTICALS


`Clinical trials, analytics to fuel demand for business intelligence'
THE boom time and the resultant ratcheting up of operations by pharma and clinical trial companies seem to be rubbing off on their business intelligence (BI) solutions providers too. Pharmaceutical, biotech and clinical research sectors are the ... More

PLASTICS


SIMPLY
No plastic in my backyard
THE battle against plastic, at least the `carry-bag' variety, is well and truly joined in Mumbai. Though the raids are yet to match the ferocity of those conducted on the dance bars, they are a far sight better than ... More

POWER


TNEB can levy extra charges for consumption during peak hours: HC
THE levy by the Tamil Nadu Electricity Board of 20 per cent extra charges for electricity consumed by high tension industries during peak hours was "within the parameters of law," the Madras High Court has held. The board has several choices to ... More

LNG supply: TNEB to invite expressions of interest
The board has felt the need to have a mix of generating sources, considering the shortage it is facing in sourcing coal for its coal-fired plants. More

Kayamkulam plant stays shut for want of buyers
THE Kayamkulam thermal plant of the National Thermal Power Corporation remains shut for two months now as there are no takers for the power generated by it. The Tamil Nadu and Punjab electricity boards were lifting power from the station till ... More

STEEL


China unlikely to be major steel exporter
DESPITE strengthening of global steel prices spurred by falling stocks and all round economic growth, the world's largest steel producer China is unlikely to become a significant exporter anytime soon. Global steel prices have shown signs of ... More

TEXTILES


Textile mills to outsource from powerloom units
THE disaggregated Indian textile sector is moving towards consolidation of core competences. A beginning is being made with 11 of the bigger composite mills planning to outsource their weaving requirements to 15 independent weavers in the ... More

RADIO/TV


ESPN, Zee to share signals with DD for one-day internationals
EVEN before the Group of Ministers (GoM) takes a decision on the mandatory sharing of telecast rights for events of national importance, Prasar Bharati has entered into agreements with both ESPN-Star Sports and Zee Telefilms for one-day ... More

FOODS & FOOD PROCESSING


Study calls for curbs on massive use of colours in food items
READY-to-eat foods in Hyderabad have become more colourful in recent years, thanks to the liberal use of a variety of food colours, most of them belonging to the permitted list. The highest concentrations of colours were found in sweetmeats at ... More

REAL ESTATE & CONSTRUCTION


RPG Group to sell idle assets
THE Rs 8,460-crore RPG Group is selling all its idle and non-performing assets, which include land and office space across the country, according to Mr Sanjiv Goenka, vice chairman of the group. He told reporters on Tuesday that an internal ... More

PAPER, BOARD & NEWSPRINT


`India Paper 2005' to focus on cleaner production
CLEANER production technology will be the focus of the maiden international trade fair and technical conference on pulp and paper industry to open here on September 1. The four-day trade fair/conference `Indian Paper 2005' will be the platform ... More

KNITWEAR & HOSIERY


No representation made to PM on contract labour: TEA
THE Tirupur Exporters' Association has denied that it had made any representation either to the Prime Minister or to the Central Government seeking introduction of contract labour in garment industry. The TEA has in this connection dubbed the ... More

EVENTS


`Kindle passion for excellence'
PASSION for excellence will help a student find ways and means to gain knowledge and exposure, said Mr B.T. Bangera, Managing Director, Hi-Tech Arai, here on Tuesday. Inaugurating the `Business Line Club' at the Master of Business ... More

`Bridging rural-urban divide crucial for growth'
UNITING people for the progress of the country and bridging the rural and urban divide could be achieved only by bringing in the concept of distributive justice as the central theme of all development polices, programmes and activities, the ... More

ICFAI holds seminar
THIRUVANANTHAPURAM: The ICFAI University has organised a seminar here on `Customer relationship management and emerging trends in IT' for working executives, professionals and students. Mr R.S. Prasad, Senior Manager-Communications, ... More

Meet on campus networking
HYDERABAD: The Institute of Science and Technology, at the Jawaharlal Nehru Technological University (JNTU), is organising a two-day workshop on campus-wide networking on September 1 and 2 here. The workshop would discuss networking ... More

INCOME TAX


Janakiraman Mills case: I-T Dept to move SC, says Chidambaram
THE Finance Minister, Mr P. Chidambaram, on Tuesday said in the Lok Sabha that the Income Tax Department would move the Supreme Court in appeal against the Madras High Court judgment on April 29, in the case of Commissioner of Income Tax vs ... More

The Commissioner of Income-Tax vs Janakiram Mills Ltd
IF YOU were within the earshot of those who have been trooping out of the House, protesting against the Finance Minister for what he did or said, it is quite probable that you would have heard one asking another, ... More

AP HC order on fringe benefit tax rate
THE Andhra Pradesh High Court has directed the Income-Tax Department to accept advance fringe benefit tax (FBT) at the five per cent rate and not at 20 per cent from publishers of a Telugu newspaper. In an order given on Monday, a Division ... More

NATURAL CALAMITIES


`Katrina' had class-matchers in Bay of Bengal
MONSTER hurricane Katrina has had category-matching forerunners in the Bay of Bengal in the not-so-distant past. A double wall-eyed ogre downgraded to Category-4 on making landfall, Katrina is feared to have ravaged oil and gas platforms as it ... More

ALTERNATIVE MEDICINES


Homoeopaths cry foul over The Lancet's report
HOMOEOPATHS are seeing red over the recent report in The Lancet, a British medical journal, which trashes homoeopathy as a form of medical treatment with "no curative powers, but acting only as a placebo." Dr Prasanta Banerji, a ... More

TOURISM


VUDA to resume work on Vizag-Bheemli beach road
THE Visakhapatnam Urban Development Authority (VUDA) will resume work on the Visakhapatnam-Bheemli beach road, as the High Court has dismissed the petition against it. The project will give a big boost to tourism, said Mr P.S.N. Raju, VUDA's ... More

A facelift
The entry point of Kumbalanghi village has been spruced up to welcome tourists. This idyllic village on the outskirts of Ernakulam and Aranmula, which is famous for its brass mirrors, are the two villages selected from Kerala by the Union ... More




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