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Saturday, November 12, 2005
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INDUSTRY & ECONOMY

EMPLOYMENT


`Make rural India the back office of urban India'
"Everyone wants to move to Bangalore or Mumbai. It is for the corporate sector to shift this trend." More

CLIMATE & WEATHER


Monsoon eases as cold grips AP
THE alacrity with which the monsoon easterlies flagged themselves off to wallop the southern peninsula is wearing away, reducing the east-west shear zone of seasonal turbulence to tatters save a patch here and there. Northeast monsoon will ... More

NRIS


Taxability of non-residents in India
Foreigners and non-residents want to take advantage of provisions of the Double Taxation Avoidance Agreements India has entered into with several countries. However, the provisions of these agreements have to be applied strictly if exemption from Ind ian tax liability is to be claimed under the DTAA. More

ECONOMY


Manufacturing sector shines — IIP growth lower at 7.3 pc in September
A DOWNTURN in mining activity and electricity generation pulled down the Index of Industrial Production (IIP) growth to 7.3 per cent in September 2005, as compared to a 9.8 per cent growth registered during the corresponding month a year ago. ... More

Bengal must take up fiscal correction: Chidambaram
THE West Bengal Government should, without any further delay, adopt the Fiscal Responsibility and Budget Management Act and draw up its own fiscal correction path to take advantage of the liberal debt-relief programme provided by the 12th Finance ... More

ENVIRONMENT


Prompt-start projects: Eco Ministry seeks extension of deadline
THE Ministry of Environment and Forests (MoEF) has written to the UN panel on climate change requesting it to defer the December 31, 2005, deadline by one year for prompt-start projects. Prompt-start projects are those that started their ... More

EXCISE AND CUSTOMS


Centre accedes to Revised Kyoto Convention
THE Union Government has acceded to the Protocol of Amendment to the International Convention on the Simplification and Harmonisation of Customs Procedures popularly known as Revised Kyoto Convention. India became the 40th country to accede to ... More

HEALTH


DDT set to make a comeback as malaria control agent
AFTER remaining condemned for long, DDT is likely to win back its position as an effective mosquito control chemical for malaria eradication. It is not that health officials are rediscovering the potency of DDT to fight mosquito menace, but it ... More

ICICI Bank to manage US-India fund to fight AIDS
THE USwill help India in setting up a Corporate Fund, making the corporate world part of the fight against HIV/AIDS. The Fund will be managed by ICICI Bank, according to Mr David T Hopper, Consul General of Consulate General of the US in ... More

Mangalore varsity to host workshop on yoga therapy
MANGALORE University will conduct an international workshop on `Thermal imaging system in yoga therapy' here on November 13. Addressing newspersons here, Prof B. Thimme Gowda, Acting Vice-Chancellor of Mangalore University, said the workshop ... More

HOTELS


Hotels going full even before season warms up
IT is only the second week of November - the beginning of the busy season - but hotels in Delhi, Bangalore, and Mumbai are already reporting full occupancy on most days of the week. Major hotels in these cities have no room for guests ... More

PETROLEUM


Dip in crude prices, oil bonds may help oil cos post profits
GIVEN the combined effect of reduction in crude prices, over Rs 15,000 crore issue of oil bond (expected to be cleared by Parliament in Winter session) and continuation of the existing subsidy sharing arrangement by the upstream companies; IOC, ... More

No plan to link gas cylinder with ration cards: AP Govt
THE Andhra Pradesh Government has made it clear that it will not link the delivery of gas cylinders (and connections) with ration cards. Speaking to newspersons on Friday, Mr N. Raghuveera Reddy, Minister for Civil Supplies and Agriculture, ... More

PHARMACEUTICALS


TUF scheme planned for small drug units
THERE may be some cheer for small-scale drug manufacturers trying to upgrade production facilities. The Centre plans to institute a Technology Upgradation Fund Scheme (TUFS) for the pharma sector, similar to the one in the textile sector. The ... More

POWER


TNEB computerised billing in Tiruchi
MADURAI: The Tamil Nadu Electricity Board is ready to introduce computerised billing process in Tiruchi district soon. The trial run in Vellore district is satisfying, according to sources in TNEB. The introduction of computerised ... More

STEEL


National Steel Policy: Govt to encourage iron ore trading for uniform availability
The policy envisages domestic iron ore consumption will touch at least 190 mt in 2019-20 from the present level of 54 mt to back up steel production of 100 mt from the present 38 mt. More

RADIO/TV


New downlinking norms — Foreign channels given 6 months for registration
THE Information and Broadcasting (I&B) Ministry has given foreign television channels beaming into the country six months to register themselves and comply with the new downlinking guidelines. It has said, "No cable operator or direct-to-home ... More

Over 100 cos may bid in 2nd round FM radio privatisation
AS many as 101 companies have expressed interest in participating in the second round of FM radio privatisation. This was indicated by officials in the Information and Broadcasting Ministry as Fridaywas the last date for submission of ... More

MTV plans new tack to draw more youth viewership
FICTION is going to be a part of MTV's programming strategy in order to increase appointment viewing on the channel. Speaking to Business Line, Mr Vikram Raizada, Vice-President, Marketing, said that while MTV would stick to its core ... More

EDUCATION


IIM-A ties up with ESSEC for dual degree
THE Indian Institute of Management, Ahmedabad (IIM-A) has tied up with the ESSEC Business School of Paris to offer a double-degree programme to the students of both the institutions. The programme will begin in September and will be open to ... More

Suffolk varsity bid to woo Indian students
SUFFOLK University, Boston, is on a road show in some cities to build long-term relationship with the Indian market. The representatives will provide information for prospective undergraduate and graduate students. Indian students represent ... More

REAL ESTATE & CONSTRUCTION


Govt may allow real estate investment trusts
THE Government is considering permitting real estate investment trusts (REITs), which will be similar to mutual funds, offering investment opportunities to investors in the real estate sector. "We are considering the option of REITs as an ... More

Real estate VC funds target 15-30 pc returns — Plan investments in residential, retail & IT/ITeS/BPO space
AN INDICATION of the kind of growth that can be expected of the Indian real estate market may lie in the returns targets that the real estate venture capital funds have set for themselves. "The target internal rate of return of these funds ... More

  • DLF clarifies

    LEATHER


    Indian, Chinese leather companies exploring collaboration
    THE leather industry in China and India is exploring opportunities for collaborative ventures in leather products manufacturing. According to a press release from the Council for Leather Exports, a 13-member delegation led by the council's ... More

    PRECIOUS METALS


    High prices take toll on bullion demand
    A COMBINATION high and volatile international prices and weakening rupee is seen slowing down physical demand for gold ornaments in our country, despite the series of festivals over the past six weeks. Festival sales have admittedly been muted ... More

    BIS plans to make gold hallmarking mandatory
    IN an attempt to ensure better consumer protection in the backdrop of increasing consumption of gold in the country, the Bureau of Indian Standards (BIS) is thinking of making mandatory hallmarking of gold jewellery. Before that, however, the ... More

    PAPER, BOARD & NEWSPRINT


    Call to accord core industry status to paper
    THE paper industry is all set to enter the boom phase in the near future with a growth rate of five to six per cent. According to Mr Jaydeep Chitlangia, President, Indian Agro and Recycled Paper Mills Association (IARPMA), the paper industry ... More

    PACKAGING


    Policy makers urged to encourage packaging ahead of food processing
    PACKAGING industry should be promoted first for food processing to progress. But, the Centre is talking of developing food processing without sufficient focus on packaging, which underpins processing and retailing, say experts. Addressing ... More

    FOREIGN DIRECT INVESTMENT


    Gulf states flush with cash surpluses — `India must tap funds for mega projects'
    AN economic boom in the Gulf states fuelled by record oil prices and windfall revenues is driving cash rich Arab investors to park billions of dollars in industry, real estate and stock markets not only in their own countries, but also in ... More

    EVENTS


    Seminar on labour agenda on Nov 18 in Kochi
    THE Cochin Chamber of Commerce and Industry and the National Institute of Personnel Management, Kerala Chapter, are organising a one-day seminar on November 18 at Hotel International to debate and evolve a pragmatic agenda for labour to be a ... More

    Food processors, retailers to explore supply opportunities at Foodpro
    LARGE retailers and food processors will be in Chennai exploring opportunities to tie up with suppliers. Some of them are: Metro AG of Germany, Café Coffee Day and Perfetti Van Melle. They will be here at the Foodpro 2005 being inaugurated on ... More

    India trade fair to focus on power, communications
    THE silver jubilee edition of India International Trade Fair (IIFT) beginning here from November 14 for two weeks would put on display manufacturing and economic achievements of India and other countries over a broad sectoral canvas. The Prime ... More

    Refinery technology meet in Hyderabad from Nov 14
    THE Centre for High Technology (CHT) is organising another Refinery Technology Meet (RTM) in association with Bharat Petroleum Corporation Ltd (BPCL) in Hyderabad from November 14-16. The meet is being held to mark the 50th year celebration ... More

    IIM-A annual business fest begins on Nov 24
    GROWTH, the Eternal Paradox; Innovations on the Horizon; Management Beyond the Obvious; and Marketing Today and Tomorrow, are the themes identified for interactions between industry representatives, academicians, and management students at ... More

    Wedding exhibition in Kochi
    KOCHI: Wedding Fayre 2005, the first ever-wedding exhibition in Kerala, was inaugurated by actor Samvrutha at the Waterfront Taj Residency here. The exhibition has been conceptualised by the Numero Uno event management company Fonix ... More

    World Diabetic Day on Nov 14
    KOTTAYAM: All-Kerala Diabetic Club is celebrating World Diabetic Day on November 14 at SH Medical Centre Kottayam with the active cooperation of Novo Nordisk, SH Medical Centre, Nursing School and Kerala unit of the Indian Medical ... More

    EXPORTS & IMPORTS


    Exim Bank launches schemes to promote SME exports
    EXPORT-Import Bank of India has now devised various innovative support programmes for small and medium enterprises (SMEs) in the export sector, both in terms of equity (in select cases) and loans. It also partners these enterprises in their ... More

    ALTERNATIVE MEDICINES


    AP unveils project to protect IPRs on traditional medicine
    IN a bid to protect Indian intellectual property rights, the Government of India has taken up a Rs 120-crore Golden Triangle Project to scientifically validate the procedures and processes in the indigenous systems of medicine. Once identified, ... More

    TOURISM


    AP CM keen on launching of Vizag-Araku train service
    ANDHRA Pradesh could soon have a `Green Valley Train' that will run between Visakhapatnam and Araku passing through the picturesque Eastern Ghats. The Chief Minister, Dr Y.S. Rajasekhara Reddy, instructed officials to pursue the project with a ... More

    Scenic Shangri-la
    A breathtaking view of the Kondakarla Ava near Anakapalle in Visakhapatnam district. It is a perfect place for holiday-makers to chill out in the picnic season, which has just begun. ... More

    ECONOMIC OFFENCES


    Don't suspect cos named in Volcker report: Assocham
    THE President of Associated Chambers of Commerce and Industry of India (Assocham), Mr Anil K. Agarwal, on Friday urged the Government and other agencies not to view the 130 companies which had conducted business with Iraq under the `Oil for Food ... More



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  • Top Stories
    Govt plans to restructure Chennai, Kolkata airports — To adopt Delhi, Mumbai pattern


    Organic food growth up on consumer awareness

    One fell swoop on ELSS

    E-ticketing catching on among air travellers

    High prices take toll on bullion demand

    Fall in currency assets pulls down forex reserves by $1 b

    DDT set to make a comeback as malaria control agent

    Dip in crude prices, oil bonds may help oil cos post profits

    In Focus

    Indian Aviation: Sky is the limit
    Stock splits
    India Inc's bonus bonanza
    Dabhol power regenerated
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Oct. 30-Nov. 5
    Business confidence index up 1.3 pc: NCAER

    HAL deals to open new doors for local players in outsourcing

    Foundation stone laid for ONGC Tripura Power unit — Free trade agreements will benefit N-E region: PM

    Watch for monsoon revival on

    Avian flu: Govt puts in place surveillance system

    No perceptible impact of I-T ad campaign on assessees, say CAs

    Govt employment statistics under-reported by 20 pc

    Exporters cancelling forward dollar cover

    Patient vs Patent debate: Move on Tamiflu to set the trend

    Festive Oct sees record auto sales

    ONGC, BPCL keen on trading in NCDEX natural gas futures

    SAIL, 3 others cut prices

    Infrastructure SPV welcome, but speedy clearances vital: Industry

    Low-pressure over Bay moving west

    National steel policy: Focus on efficiency, productivity

    Indian textile exports expand into new markets


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