Financial Daily from THE HINDU group of publications
Wednesday, September 21, 2005
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BL 2502532.11 (-2.84)
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President gives nod to rural employment guarantee Act
THE President, Mr A.P.J. Abdul Kalam, has given his assent to the National Rural Employment Guarantee Act, 2005 which is aimed at enhancing livelihood security in rural areas by providing at least 100 days of guaranteed wage employment in every ... More


Another drencher for Mumbai cannot be ruled out: Met
THE Konkan region and Mumbai have to keep track of the deep depression from Monday's cyclone, since any sudden detour from the generally westward course into the peninsula can place the system into a slot right over these regions by the weekend. ... More


Bio-fuel is ideal source for rural power
BIOFUELS for transportation may have grabbed everyone's imagination, but their use in power generation cannot be ignored as it holds significant potential for rural development. Prof U. Shrinivasa of the Department of Mechanical Engineering, ... More

The Brazil experience
WHEN the first oil shock rocked the global economy in 1973, Brazil was among the countries that totally relied on crude imports. Almost 80 per cent of its fuel needs were then met through imports. The oil shock wreaked havoc on the Latin American ... More

Green engines on track
THE Indian Railway runs 5,000 diesel locomotives that consume 18 lakh tonnes of diesel annually. Little wonder that it is looking at ways to cut the spiralling fuel cost. It has drawn up ambitious plans for a programme that envisages using some ... More

The pricing story
THE success of the Government's initiatives to promote alternative fuels would depend largely on the pricing policy it adopts. Towards this end, the Ministry of Petroleum and Natural Gas, along with such other associated Ministries as ... More


Time for a Fed pause?
The scales on the eve of the FOMC meeting seem evenly balanced. More


Bank of Maharashtra offers loan plans for `green' cause
BANK of Maharashtra has announced two loan schemes to promote the use of eco-friendly products to commemorate the International Ozone Day and the 71st Foundation Day of the bank which was on September 16. As per the scheme, the rate of interest ... More


World Bank paper for allowing pvt sector in primary healthcare
A WORLD BANK-funded discussion paper on `private healthcare services for the poor in India' has called for taking private sector help in delivering efficient and quality healthcare solutions to the poor. One of the important recommendations of ... More


Italian Minister calls for cooperation in infrastructure
"Infrastructure is one area where collaboration can take place mainly because of the similarity of the problems in this sector,'' according to Mr Antonio Armellini, Ambassador of Italy to India. More

Mixed performance by infrastructure sector
EXCEPT power, coal and crude oil production, other infrastructure sectors recorded significant growth during July, compared to the same period in the previous year. "However, all sectors, except cement and refinery production, missed their ... More


Howrah bus stand
Office goers in Kolkata on Tuesday morning had no choice but to find a way out on their own as private buses and taxis kept off the roads, protesting against the petrol and diesel price ... More


Drugs with 70 pc market share to be de-branded: Panel
To impact less than one to two per cent of total formulations

PHARMACEUTICAL companies may have some respite with the Prime Minister's Task Force clarifying that only certain prescription drugs would be de-branded while excluding over-the-counter (OTC) drugs. "The drugs for de-branding would be selected ... More

Further price cuts in insulin unlikely, say drug cos
The NPPA's price for multinational insulin-makers is about Rs 168. More


Damodar Valley Corpn mulls major expansion
DAMODAR Valley Corporation (DVC) is considering large-scale addition to its power generating capacity. Close on the heels of finalising 500 MW capacity expansion in Mejia and Chandrapura Thermal power stations, DVC is now considering setting ... More

Global gas price hike to push up Dabhol power tariffs
POWER tariffs from the 2,184-megawatt (MW) gas-fired Dabhol project are expected to overshoot estimates in view of the sharp increase in international gas prices. The Dabhol project is currently operated by Ratnagiri Gas and Power Pvt Ltd ... More

Evacuating power over long distances — PowerGrid to set up high voltage transmission lines with 3 countries
FOUR countries have agreed to cooperate for the development of high voltage direct current (HVDC) power transmission (of 800 kilo-volts) for the evacuation of power over long distances. Speaking to newspersons here on Tuesday, the Chairman ... More

NEDCAP plans awareness campaign to save power
THE Non-Conventional Energy Development Corporation of Andhra Pradesh Ltd (NEDCAP) is planning to raise awareness about energy conservation. It is preparing sector-wise literature, which will be distributed to consumers in phases. The ... More


Water level rise in Kerala reservoirs
THIRUVANANTHAPURAM: Water levels at the three major reservoirs in the State — Idukki, Kallada and Idamalayar — have increased compared to figures recorded last week. According to figures released by the Central Water ... More


Drilling for coal-bed methane begins at BCCL mine
THE much-awaited drilling for coal-bed methane (CBM) began this week at Moonidih mine in the Jharia coalfields of Bharat Coking Coal Ltd (BCCL) in Jharkhand. Drilling will soon start at another mine at Sudamdih, according to an official ... More


Sri Adhikari Brothers' news channel to go live in early Oct
JANMAT, the 24-hour current affairs channel, promoted by the Adhikari brothers of Sri Adhikari Brothers Television Network, is slated to go on air in early October. The channel will be largely interactive with 70 per cent of prime time shows ... More

Kerala tunes in to first campus community radio
KERALA'S first campus-based community FM radio station will be set up at the DCSMAT Media School-Thiruvananthapuram. The radio station, named Radio DC, is expected to start operations early next year, said Mr K. Kunhikrishnan Director, DCSMAT ... More


Career Launcher hosts Junction MBA
CAREER Launcher, an education services provider, plans to reach out to approximately 20,000 plus students across New Delhi, Mumbai, Kolkata, Bangalore, Chennai, Hyderabad, Pune and Chandigarh through Junction MBA this year. It organised ... More


UAE labour ministry pulls up construction company for non-payment of salaries
IN the first major protest of its kind in the UAE, 1,000 workers, mainly from India and other countries in the sub-continent, staged a protest on Dubai's Sheikh Zayed Road on Monday for non-payment of salaries by a prominent local construction ... More

Shringar to launch 21 multiplexes
MUMBAI: Shringar Cinemas Ltd on Tuesday said it has entered into MoUs to launch 14 multiplexes in the next 3 years. This is in addition to the seven new multiplexes the company is expected to open by March 2006 in cities such as ... More


US footwear brands keen to source more from India
LEADING US footwear brands are to step up the sourcing of leather footwear and fashion accessories from India, said Mr M. Rafeeque Ahmed, Chairman of the Council for Leather Exports (CLE). The US is among the leading importers of leather ... More


World Space Week from Oct 4
THIRUVANANTHAPURAM: The Vikram Sarabhai Space Centre (VSSC) will observe World Space Week from October 4. The theme this year will be `Discovery and Imagination', a VSSC spokesman said here. Various programmes have been planned to ... More


West Bengal CM calls for national iron ore policy
THE West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, has urged the Union Government to formulate a national iron ore policy to ensure that steel plants located anywhere in the country get easy access to domestic iron ore deposits. He said ... More


TRAI may remove licence fee, spectrum charge for rural areas
IN a bid to incentivise telecom services in rural areas, the Telecom Regulatory Authority of India (TRAI) is considering a proposal to exclude revenues earned from rural telephones for the purpose of estimating the annual licence fee and spectrum ... More


`Innovation to fuel IT growth' — Intel working on dual core processors for power efficiency, says Otellini
GROWTH is back in the technology industry and innovation is likely to fuel the next phase of growth, says Mr Paul S. Otellini, President and Chief Executive Officer of Intel Corporation. Delivering the keynote address at the Oracle OpenWorld ... More

Satellite operators seek ways to cut interference losses
OPERATORS of communications satellites lose tens of million dollars in revenue each year due to interference, it was said at a conference on reducing interference today. This is only the tip of the spaceberg; the revenue and market losses could ... More

`Indian agri exporters should view SPS pact as opportunity'
"Exporters and suppliers of foodgrains should adhere to SPS measures on a scientific basis, and we also need to involve the agricultural universities." More

CII road show in Vizag
VISAKHAPATNAM: The Confederation of Indian Industry is organising a skills development programme, a Round Table on exports and a road show here on Thursday, according to a press release from Mr Saugat Mukherjee, head of the State unit of ... More


Three districts in AP put on flood alert
THE State Government has announced that the three districts of Khammam and East and West Godavari, ravaged by cyclone, have been kept on red alert while stepping up rescue and rehabilitation work. Hundreds of villages have been inundated by the ... More


Chescor firming up proposals for Uttaranchal eco-tourism project
The project will be developed as a pure eco-tourism venture with a low density and green relaxing spaces. More

National art camp at Nagarjunasagar
HYDERABAD: Mr Jagdish Mittal will take part in the valedictory of the five-day national art camp being held at Nagarjunasagar. The camp, being organised by the Andhra Pradesh Tourism Development Corporation, started on September 17. The ... More

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Top Stories
Another drencher for Mumbai cannot be ruled out: Met

SEBI fiat on equity transactions — PSBs seek more time to comply

Cotton output seen at 255 l bales next season — CAB fixes this crop year's production at 243 lakh bales

Mixed performance by infrastructure sector

India and China: On a `global move'

In Focus

Stock splits
India Inc's bonus bonanza
The Yuan Revaluation
Dabhol power regenerated
Sethusamudram Canal Project
India Inc's overseas acquisition

In Depth

Gender Justice
Simple Economics
Tax Talk

Looking back
Sep. 11-Sep. 17
States with higher GDP attracting FDI: Assocham

GAIL board to approve Rs 9,750-cr investments in Kerala projects

The legal challenge to FBT

Consolidation drive seen to continue in tractor industry

Rain forces rethink on expansion plans of BPOs in Mumbai

`Formal announcement of roadmap for CST phase-out in October'

`Textile sector may be hit by soaring oil prices'

Coffee Board sees exports rising in Jan-March

SMEs to propel growth in security tool market: IDC

Power Ministry may drop plans to clip regulators' wings

`Legal work outsourcing potential waiting to be tapped'

Global growth alive and well

Garlic imports from China stopped on fungal infection

Katrina aftermath pushes up freight rates

TAPP-4 begins commercial operation

Global economy expanding despite high oil prices

Agrochem cos likely to post good numbers

Top moves in two-wheeler cos

Big players still keep off crude futures — `Volumes offered not big enough'

Energy, food prices push up inflation

Mumbai rains motor claims settlement — Insurers ready with cheques, vehicle owners spurn offer

`Above-normal' northeast monsoon forecast

Traditional products lead export growth in first quarter

Centre hopeful of meeting fiscal, revenue deficit targets

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