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Monday, December 05, 2005
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INDUSTRY & ECONOMY

EMPLOYMENT


Good response to job fair in Kerala
THIRUVANANTHAPURAM: Various companies taking part in the three-day Job Fair 2005 bring organised by the Kerala State Youth Welfare Board here on Saturday shortlisted as many as 297 candidates for the next round of interviews. They were ... More

CLIMATE & WEATHER


Another low-pressure brewing in Andaman Sea
It's too early to talk about the landfall since the system is located quite far from the mainland and at least five days away from hitting the home stretch. More

HEALTH


Neurologists' meet
VISAKHAPATNAM: The 54th annual conference of the Neurological Society of India - Neurocon 2005 - is to be held here from December 15 to 18. At a press meet here on Saturday, Dr N. Subrahmanyam, the organising secretary, said that ... More

CII holds AIDS awareness rally in Hyderabad
HYDERABAD: The Confederation of Indian Industry has organised an AIDS awareness rally on Saturday. Corporate leaders, representatives from NGOs, students and top government officials took part in the rally that started from People's Plaza ... More

INFRASTRUCTURE


Lalu seeks more funds for mega projects
THE Union Minister of Railways, Mr Lalu Prasad, has projected the need for additional allocation of funds for national railway projects in Jammu and Kashmir and North Eastern region, and mega bridge projects. During a meeting with Deputy ... More

PSU


`Releasing ads thru DAVP not in PSUs' interest'
THE Information and Broadcasting (I&B) Ministry's recent diktat of asking public sector undertakings to release their advertisements through Directorate of Audio Visual Publicity (DAVP) has not gone down well with the companies. The companies ... More

PETROLEUM


OIL-IOC consortium signs pact with Libyan co
THE Oil India Ltd (OIL)-Indian Oil Corporation (IOC) consortium has signed a production sharing contract with the National Oil Company (NOC) of Libya at Tripoli. OIL & IOC, the PSUs under the Ministry of Petroleum and Natural Gas, had formed a . More

PHARMACEUTICALS


Symposium on pharma sector in Hyderabad
HYDERABAD: Richmond Chemical Corporation and representatives from the Shanghai Institute of Organic Chemistry and Chinese Academy of Sciences are hosting a Symposium on `Opportunities for growth and development in the Indo-China ... More

POWER


CPDCL records revenue growth
THE Central Power Distribution Company of Andhra Pradesh Ltd (CPDCL), one of the distribution companies in the State, has recorded about 14.48 per cent increase in revenues during the first half of this year from Rs 2,341 crore to Rs 2,680 ... More

RUBBER


Rubber goods industry seeks removal of dumping duty on raw materials
THE manufactured rubber goods industry has sought the removal of anti-dumping duty on raw materials used by the sector such as EPDM and NBR, and certain grades which are not manufactured in the country. Mr Y. S. Lathia, President of the ... More

STEEL


For Railways, steel may indeed be worth its weight
THE National Steel Policy (NSP) envisages an increase in the production of steel from the present 38 million tonnes (mt) to 110 mt in 2019-20, with an annual growth rate of 7.3 per cent. The estimates are based on the ... More

TAXATION


No new taxes, says Vakkom
THIRUVANANTHAPURAM: The State Government does not intend to introduce new taxes for mobilising revenues in order that additional commitments in the State's Rs 6,210-crore annual plan for 2006-'07 are taken care of. The Finance Minister, ... More

TEXTILES


Textile companies scan EU, US markets for second-hand machinery
INDIAN textile firms, which are in an expansion mode following the quota phase-out, are aggressively looking at buying out textile manufacturing units in the EU and the US with the aim of relocating machinery to India. While a major shortage ... More

PAPER, BOARD & NEWSPRINT


`2 foreign cos keen to enter newsprint sector in India'
Mr Thapar was of the view that fairly soon there would be global scale newsprint manufacturers, well established and positioned in the country. More

SCIENCE & TECHNOLOGY


Crop cover: Satellite images to assess claim payouts
REMOTE sensing technology has now made its way to crop insurance. The Agriculture Insurance Company (AIC) will, for the first time in India, be using satellite images to capture crop vigor (biomass) and assess claim payouts to farmers. Mr ... More

CERAMICS


Tile industry pitches for lower import duty on raw materials
DOMESTIC tile manufacturers have urged the Government to reduce the import duty on raw materials. They have pointed out that the duty cut would help lower the price of tiles. "Reducing the customs duty on import of raw material to 10 per ... More

PAINTS


`Growth story for paints is here'— Booming economy drives domestic market to the fore
An 8 per cent GDP growth has a cascading effect on all sectors of the economy, including prime consumers of paints such as the housing and industrial sectors and the automobile industry. More

EVENTS


Excon 2005 in Bangalore generates business enquiries worth Rs 1,000 crore
What is all the more encouraging is the change witnessed in serious discussions from both Indian and international customers. More

Agenda for the week
Inauguration of Infocom 2005 by the Governor of West Bengal, Mr Gopalkrishna Gandhi; 10 a.m.; Hotel Hyatt Regency, Kolkata. FICCI jointly with the Ministry of Consumer Affairs is organising a two-day `International ... More

INCOME TAX


Tax experts want wider scope for quoting PAN to check evasion
Mr Narayan Jain, Chairman of Taxation Sub-Committee, DTPA, said PAN could be a very effective tool for taxing various financial transactions, which are till now beyond the reach of the I-T Department. More

Panel for exempting contribution to superannuation funds from FBT
CONTRIBUTIONS made to approved superannuation funds should not be subjected to Fringe Benefit Tax (FBT), a Government-appointed panel of tax experts has recommended. This panel, which was required to recommend the road map for moving towards an ... More

NATURAL CALAMITIES


Over 1.25 lakh people evacuated — Rain hits industrial units
MORE than 1.25 lakh people have been evacuated from flood-affected areas in Chennai, Tiruvallur and Kancheepuram districts. Industrial activity has been severely affected, particularly in the small-scale sector in these areas. With the ... More

`Ambattur SSIs may be caught without flood insurance'
QUITE a few entrepreneurs in the small-scale sector could be caught without benefit of insurance because they are not covered for floods, according to Mr Shashidar Rao, President, Ambattur Industrial Estate Manufacturers Association. Damage ... More

ALTERNATIVE MEDICINES


1,000 delegates expected at ayurveda meet in Thrissur
DISEASES caused by lifestyles, application of biotechnology in ayurveda and effects of rasayana therapy will be the main themes of the Global Ayurveda Summit to be held in Thrissur during December 9 to 11, its organisers have said. Nearly 1,000 ... More

TOURISM


New dates for Visakha Utsav
VISAKHAPATNAM: Visakha Utsav will be conducted from December 25 for four days instead of December 22 due to operational reasons, according to the District Collector, Mr Praveen Prakash. At a meeting here on Saturday, he announced ... More

ECONOMIC OFFENCES


Banks gear up to curb education loan defaults — Notations on mark sheets, bar-coding passports likely
PLANNING to get an education loan from a public sector bank? Be prepared to hand over your original mark-sheet to the lender or to have your passport embossed with a bar code that could help lenders track you down if you default on ... More



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Prime Directors

Top Stories
Panel for exempting contribution to superannuation funds from FBT


For Railways, steel may indeed be worth its weight

Bonds remain firm on softening crude rates

Tax experts want wider scope for quoting PAN to check evasion

`Releasing ads thru DAVP not in PSUs' interest'

Crop cover: Satellite images to assess claim payouts

`Growth story for paints is here'— Booming economy drives domestic market to the fore

In Focus

FDI in retail sector
Indian Aviation: Sky is the limit
India Inc's bonus bonanza
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Nov. 27-Dec. 3
We missed the IT bus: Mukesh Ambani

LIC welcomes FDI in insurance biz

Tiles industry resents `dumping' by China

`FMCG cos must adopt aggressive strategies to realise growth potential'

AP mosambi finds space in Singapore retail shelf

Good response to Indo-UK `twinning' study courses

Panel on EET system of taxation submits report

After H1 bull run, rice exports may slacken

Govt plans to decontrol fertiliser prices; may start with SSP

Infrastructure growth slows in Oct

Govt expects liberal dividends from PSUs

Centre to unveil pharma policy soon

Rlys fears higher classification for iron ore may hit earnings

BG India, ONGC to operate 3 offshore deepwater blocks


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