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Wednesday, February 15, 2006
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Weather concerns worry shrimp exporters — Arrivals likely to be delayed by a month
SHRIMP exporters are gearing up for change in the current year as they face major issues in export markets, apart from concerns in the production centres at home. The season is delayed because of adverse climatic conditions. Shrimp arrivals ... More

SOCIAL SECURITY


INTUC defends lower EPF rate
EVEN as the Left-wing trade unions remain unrelenting in their stand against lowering interest rate on employees provident fund (EPF) contribution, the Congress-backed INTUC has come in defence of the Central Government on this issue. "The ... More

BUDGET


Chidambaram holds pre-Budget talks with Congress party
THE Congress Party on Tuesday urged the Finance Minister, Mr P. Chidambaram, to come up with a budget that would provide relief to all sections of the population and ensure an `inclusive growth' in the economy. Congress Party leaders are also ... More

`Give infrastructure status for power generation biz'
Electrical and electronics manufacturers want the Government to categorise power generation and distribution business under "infrastructure facility" in the forthcoming Budget, in order to extend the benefits available only to owners of the ... More

ECONOMY


2006 could see significant yuan revaluation
The yen and Indian rupee too will move up in the wake of the yuan's revaluation. The US dollar is a good sell against Asia. More

Punjab annual Plan at Rs 4,000 cr
THE annual Plan of Punjab for the next fiscal year has been pegged at Rs 4,000 crore, inclusive of additional Central assistance of Rs 100 crore for projects of special interest to the State. At a meeting to determine the Plan size here, the ... More

CII unveils roadmap for industrial growth in North Bengal
THE Confederation of Indian Industry (eastern region) has unveiled a roadmap for industrial growth in North Bengal in general and the three districts of Jalpaiguri, Darjeeling and Cooch Behar in particular. The roadmap, which was formally ... More

Good monsoon, core sectors aid 7.5 per cent growth in AP
GOOD monsoon and improvements in the core sector performance have resulted in an upswing in the State economy as reflected in a 7.55 per cent growth rate in the Gross State Domestic Product (GSDP), up from 6.39 per cent last fiscal. Addressing ... More

ENVIRONMENT


Eco management programme
THE Energy and Resources Institute (TERI) has entered into a collaboration with the Yale School of Forestry and Environment Studies for research and a professional exchange programme. The collaboration has been established with the help of an ... More

FOREIGN TRADE


Tourists may be able to use rupee in Mauritius
"The idea behind the proposal is to ensure that tourists do not have to constantly convert foreign exchange that they are carrying on their visits." More

`Indian cos must explore opportunities in new areas'
India is one of the important export markets to Australia for commodities.
Australian companies are showing interest in exploring business opportunities in Indian retail sector.
Some Indian companies have shown interest to buy copper, zinc and coal mines in Australia.
More

INFRASTRUCTURE


Haldia Development Authority assets valued at Rs 605 cr
It is pointed out that this was a prequel to further strengthening of the balance sheet of HAD for future infrastructure development projects. More

No major changes in conditions for ADB loans: Kerala Minister
THE Asian Development Bank (ADB) has not made any major changes in its conditions for granting assistance to the Kerala Sustainable Urban Development Programme, according to the Local Self-government Minister, Mr Kutty Ahamed Kutty. He said at ... More

PETROLEUM


Oil cos may get more freedom in pricing
AFTER a gap of almost three years, the oil marketing companies (OMCs) may have more say in fixing the petroleum product pricing. The Rangarajan Committee, which is expected to submit its report this week, is said to be in favour of providing a ... More

POWER


Power sector reforms figure in tenth mid-term appraisal meeting
It was pointed out that aggregate technical and commercial (AT&C) losses could come down to around 20 per cent over the next two to three years if distribution transformer level accountability is put in place with staff being goaded with carrot a tick. More

TAXATION


FAPCCI call to phase out CST
THE Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) has asked the Central and State Governments to phase out Central Sales Tax to pave the way for a uniform tax regime in the country. In a pre-Budget memorandum submitted ... More

COAL


Montek calls for a rethink on coal pricing
THE Deputy Chairman of the Planning Commission, Mr Montek Singh Ahluwalia, on Tuesday said that the current global crude oil prices should not be viewed as "temporary peak" and hinted that prices may not see a downward correction in the next few ... More

EDUCATION


Online B-school to launch India-specific courses
`We feel India can solve its problem of skills shortage with online education as candidates can continue to work while they sharpen their skills for a particular industry.' More

New management programme to let students get exposure to industry
INDUSTRY has been concerned about the quality of students passing out of engineering and management colleges for a long time, according to Mr J.N. Amrolia, Executive Director, Ashok Leyland. Speaking at the announcement of the student ... More

France biz school promo
HYDERABAD: EduFrance Hyderabad is organising a spot admission initiative for MBA, MS and doctoral programmes in a couple of French Business Schools at the Alliance Francaise here tomorrow. The RIEMS Business School and the Normandy ... More

INDUSTRY ASSOCIATIONS


Kerala Chamber assails bid by postal dept to restrict courier cos
THE Kerala Chamber of Commerce and Industry has expressed concern over the decision of the Union Government to debar courier companies from delivering letters weighing less than 500 gm. The move of the postal department to ban courier ... More

MINING & QUARRYING


Uranium Corpn's assurance on mining practices
URANIUM Corporation of India Ltd (UCIL) has said that the proposed mining and processing activities at Nalgonda district of Andhra Pradesh would be carried out with adherence to environmental standards. In a press note it has stated that steps ... More

WTO


EU for time-bound, `balanced' outcome of WTO talks
THE European Union (EU) is committed to a time-bound and "balanced" outcome of the multilateral trade negotiations but negotiations on agriculture and non-agriculture market access (NAMA) issues would be accorded as much significance as those on ... More

CONSUMERISM


Scrap drop-box system in banks: Consumer body
A REQUEST to the Finance Minister, Mr P. Chidambaram, to instruct the banks to scrap the practice of asking customers to drop outstation DDs/cheques and even instruments drawn on the same branch into the collection boxes kept inside branches, has ... More

INCOME TAX


Max NY Life opposes EET, fringe benefit tax
LIFE insurance industry should not be subjected to the Exempt-Exempt-Tax (EET) form of taxation and the existing regime of taxation should be retained, the Managing Director and CEO of Max New York Life, Mr Gary R. Bennett, has urged the Union ... More

EXPORTS & IMPORTS


Exports post 21 per cent growth in January
CONTINUING the uptrend, India's exports recorded a 21.41 per cent increase in dollar terms in January 2006 to touch $8.45 billion as against $6.96 billion recorded in the same month last year. In rupee terms, exports in January 2006 recorded a ... More

ALTERNATIVE MEDICINES


Ayurveda meet for French team at Kochi
KOCHI: The Continuing Ayurveda Awareness Programme (CAAP) has conducted a seminar for a group of French professionals on the curative possibilities of lifestyle diseases through Ayurveda. The seminar, held at Punarnava Ayurveda Hosptial ... More

STANDARDS & BENCHMARKS


Core manufacturing sectors — Domestic cos stealing a global march in efficiency benchmarks
The Indian manufacturing sector's reliance on quality parameters to achieve efficiency is also borne out of the fact that Indian companies are the second largest Deming Award winners outside of Japan. More



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In Depth

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Looking back
Feb. 5-Feb. 11
Canoro poised to complete 3D, 2D seismic surveys

EPF board will dip into reserves to pay interest despite reduction in rate

Free power is fine if State finances permit: Shinde

Spices export continues to decline

Low-cost higher education books hit US stores

`Realty market in India on high growth curve'

India, Russia to set up joint forum on trade, investment

Rise in metal prices hits medium, small units

FBT hits insurance cos' group business

Maharashtra for restarting Dabhol plant with naphtha as feedstock — Willing to pay more for power

`Labour issue delaying decision on Toyota's small car plant' — Japanese trade team visits Bangalore

Airtel completes phase 1 of I-T Dept tech initiative — To connect I-T offices in 510 cities

NCAER pegs GDP growth at 7.8 pc — `Inflation, stocks had good run'

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