The Hindu Business Line : Saturday, October 15, 2005

`Job creation, competition can co-exist'
On labour law reforms, Dr V. Krishnamurthy, Chairman of the National Manufacturing Competitiveness Council, wants better understanding of the issues by both employers and the trade unions. More

CLIMATE & WEATHER

`Low' crosses land; rain belt moving northward
THURSDAY'S well-marked `low' over southwest Bay of Bengal beat forecasts to cross over land overnight and lie positioned over Rayalaseema even as it looked to spin away slow in a west/northwest direction. The crossover will lead to the ... More

SOCIAL SECURITY

Vastu Vidya Gurukulam plans pension fund
THE Vastu Vidya Gurukulam (VVG) at Aranmula in Pathanamthitta district will institute a pension scheme for its permanent employees, from its own resources. The VVG will set up the corpus fund by investing Rs 1 lakh every year from its surplus ... More

ANTI-DUMPING

Dumping duty proposed on NBR from EU, Brazil, Mexico
THE Designated Authority in the Ministry of Commerce and Industry has recommended the imposition of definitive anti-dumping duty on imports of Acrylonitrile Butadiene Rubber (NBR) from the European Union (excluding Germany), Brazil and ... More

AUTOMOBILES

Car sales rise 10 pc in Sept; CVs up 14.3 pc
DESPITE being a slack month for car sales due to the inauspicious shradh period in northern India, car sales were riding steadily on the recovery path in September. Car sales increased 9.7 per cent in the month to 77,411 units against ... More

COURTS/LEGAL ISSUES

Absorption of ITS officers into MTNL, BSNL — SC dismisses DoT plea to vacate stay orders on contingency plan
THE Supreme Court today dismissed the Government's plea seeking to vacate stay orders passed by High Courts of Uttaranchal and Guwahati on implementation of a `contingency plan' pertaining to the issue of absorption of Indian Telecom Services ... More

HEALTH

Tanzanian doctors to get cardio training
A GROUP of doctors and medical personnel from Tanzania will be trained in latest practices in cardiology at a city-based hospital. The initiative is the result of a gesture made by the President, Mr A.P.J. Abdul Kalam, when he visited the ... More

Cipla to launch generic drug for bird flu
CIPLA has done it again. As more countries report incidents of Avian flu, the Mumbai-based drug maker Cipla has said that it will be ready with generic versions of Roche's anti-influenza drug Tamiflu by the year-end. "Cipla has developed the ... More

Emergency medical service in Kottayam
KOTTAYAM: The Kottayam Emergency Medical Services (KEMS) will take care of victims of accidents, sudden and serious injury and illness within the Kottayam Municipality. KEMS, jointly sponsored by the Indian Orthopaedic Association, ... More

Fund-raising for eye care
HYDERABAD: Lions Clubs International, the global association of Lions Clubs, has decided to raise $200 million to combat sight-related diseases as a part of Campaign Sight First-II in the next three years, according to its International ... More

INFRASTRUCTURE

IACC team to visit US
AN industry delegation will visit the US later this month to attract investments in infrastructure projects here, according to a press release from the Indo-American Chamber of Commerce (IACC), the team sponsor. Led by Mr S. Chandrasekar, ... More

Picture of contrast
Though Visakhapatnam continues to attract software companies, infrastructural bottlenecks persist as the waterlogged main road in front of the HSBC call centre at Siripuram Junction shows. The city received heavy rainfall on ... More

PETROLEUM

Ministry nod for CIL coal gasification project with ONGC
THE Union Ministry of Coal has allowed Coal India Ltd (CIL) to take up an underground coal gasification project jointly with ONGC. This will now help CIL sign a formal MoU with ONGC, although the CIL board has already approved ONGC's ... More

`AP has potential to emerge a gas hub'
ANDHRA PRADESH, endowed with rich onshore and offshore natural gas resources, will soon emerge as the Henry Hub of India, becoming the gateway for the country's gas supplies. "In three years it will emerge as the Indian gas hub following ... More

ONGC refutes allegation of shortfall in LPG supply
OIL and Natural Gas Corporation has said that the company has fully met the actual demand of oil marketing companies for liquefied petroleum gas (LPG). In a statement issued here on Friday, it refuted the allegations that the shortfall in ... More

LPG supply in AP normal, says official
THE supply of LPG is normal in the State and the delay in supplying refills is confined only to a few areas, according to Mr Bhanwarlal, the Civil Supplies Commissioner. He said at a press meet here on Friday that as many as 705 of the 805 LPG ... More

POWER

Gas shortage leaves power utilities struggling
THE ongoing gas shortage has resulted in under-utilisation of over 40 per cent of the country's gas-based capacity of 10,000 MW. The fate of several of the upcoming gas-based stations, adding up to 4,642 MW across the Central, State, and ... More

TAXATION

AP announces VAT rebate on ATF
GIVING a boost to the aviation industry in Andhra Pradesh, the State Cabinet has announced VAT (Value Added Tax) reimbursements on ATF (aviation turbine fuel) for airlines operating more than 100 flights. "Fifteen per cent out of the 34 per ... More

Mangalore Central Excise pegs service tax target at Rs 128 cr
THE Mangalore Commissionerate of Central Excise collected service tax to the tune of Rs 51 crore during the current financial year. The target for the current fiscal is Rs 128 crore. The Assistant Commissioner of Central Excise, Mr ... More

Bihar claims Rs 12 cr more as VAT compensation
THE Finance Ministry has received another claim for compensation from Bihar for shortfall in tax revenues on account of VAT implementation. Official sources said this was Bihar's second claim for compensation and involved Rs 12 crore. This ... More

RADIO/TV

India's flavour of the week for BBC from Sunday
COME Sunday and it's Indian week on BBC World. The news channel is launching a series of special programming focusing on Indian subcontinent. HARDTalk will feature Stephen Sackur interviewing the Finance Minister, Mr P. Chidambaram, the ... More

WorldSpace begins operations in Pune
WORLDSPACE Satellite Radio has begun its operations in Pune. It offers music lovers a bouquet of 42 channels, which includesregional music, news, sports and information. Talking to newspersons, Mr Deepak Varma, Managing Director, WorldSpace, ... More

FOODS & FOOD PROCESSING

Maize processing unit in Vizianagaram
MORE agro-processing units should be set up in Andhra Pradesh to add value to agricultural produce and increase rural employment opportunities, besides enhancing the net return for the farmer, Mr M. Gopalakrishna, Chairman of the Andhra Pradesh ... More

GEMS & JEWELLERY

GII sets up centre for diamond research
THE Gemological Institute of India (GII), the Gem and Jewellery Export Promotion Council (GJEPC), the Bharat Diamond Bourse, the Diamond Exporters Association Ltd, and the Gem and Jewellery Exporters' Association, have jointly set up a National ... More

PRECIOUS METALS

Continues to shine
Women looking at jewellery displayed at the week-long gold festival organised by MMTC in the Capital on Friday. Despite soaring gold prices, the festival continues to draw ... More

BIO-TECH & GENETICS

Kerala has vast scope in biotech area: Expert
KERALA, which is endowed with rich bio-diversity and associated knowledge system and expert manpower, offers excellent opportunity for the growth of biotech industries, according to Dr P. Pushpangadan, Director, National Botanical Research ... More

CINEMA

CII, NFDC to coordinate film bazaar at IFFI
THE Confederation of Indian Industry (CII) and the National Film Development Corporation (NFDC), a subsidiary of the Information & Broadcasting Ministry, will coordinate the film bazaar that would be set up as part of the 36th International Film More

FOREIGN DIRECT INVESTMENT

Volkswagen team departs after talks
The officials indicated that they would like to set up a base for manufacture of 60,000 cars in the first year and then ramp it up to 1,00,000 during the second year. More

WTO

India's paper may become basis for WTO negotiations on services
AN issue paper prepared by India has received broad support in the Core Ministerial Group on Services as a basis for moving forward in the ongoing WTO negotiations in services. The Commerce and Industry Minister, Mr Kamal Nath, tabled this ... More

EVENTS

`Need to make safety norms mandatory'
IN the backdrop of the recent earthquake, the Department of Consumer Affairs Secretary, Mr L. Mansingh, today said that there is a need to make safety standardisation norms mandatory, at least in those buildings that provide emergency services ... More

Mobile expo in Delhi next week
DURING the first six months of the current fiscal, the cell phone subscriber base grew by 12.83 million in the country. The total number of users at the end of September stood at 65.05 million, up from five million in 2001, said Mr Sanjeev ... More

Engagements

EXPORTS & IMPORTS

Centre urged to curb imports of TSR
THE Centre should restrict imports of technically-specified rubber (TSR) by industries consuming natural rubber to help the domestic TSR sector, the Cochin Rubber Merchants Association has said. In a letter to the Ministry of Finance, the ... More

NATURAL CALAMITIES

India Inc pledges Rs 25-cr aid for quake victims
INDIAN industry associations and corporates have so far pledged Rs 25 crore, both in cash and essential items, towards relief measures for those affected by the earthquake that killed several thousands in the Jammu & Kashmir region. The Prime ... More

Relief supplies for quake-hit
THE Andhra Pradesh Government has extended a helping hand to the earthquake victims of Jammu and Kashmir by despatching 361 tents. According to the Chief Minister, Dr Y.S. Rajasekhara Reddy, the despatches were made following the request of ... More

ECONOMIC OFFENCES

`VAT system can spawn money laundering'
Will the Value Added Tax (VAT) system become a potential source for obtaining dirty money? In a special report on `Money laundering - Definition, Tools & Means and Prevention,' presented at a workshop on `Emerging fiscal trends ... More

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