The Hindu Business Line : Thursday, May 15, 2003

White-collar job seekers see more opportunities
OPPORTUNITIES for white-collar job seekers with basic qualifications have increased significantly on the heels of a sharp growth in service sector jobs and the advent of sophisticated recruitment companies. Select recruitment firms such as Ma ... More

Chamber wants technology to create more employment
THE PHD Chamber of Commerce and Industry (Phdcci) has suggested that industries should opt for labour-intensive and capital-saving technology to provide greater employment opportunities in the country. "The strategy for future should be to ... More

CHEMICALS

IICT sees laxity in contract research
THE Indian Institute of Chemical Technology (IICT), a national laboratory attracting global pharma and chemical industries to partner or outsource contract research projects, has seen a dip in both number and value of such initiatives during the ... More

HOTELS

`DoT cannot force hotels to lower STD rates'
HERE'S some bad news for business travellers and tourists who frequently criss-cross the country but have still not activated the `roaming' facility on their cell-phones. Despite the sharp fall in STD rates, hotels can continue to bill them ... More

POWER

REC sanctions Rs 75 cr to KSEB
THE Rural Electrification Corporation (REC) has sanctioned an assistance of Rs 75 crore to the Kerala State Electricity Board (KSEB). The Electricity Minister, Mr Kadavoor Sivadasan, said in a statement that the Chairman of REC would visit the ... More

TNEB told to sort out payment row with IPPs
The Union Power Ministry is tracking the issue mainly to ensure that the problem does not get blown out of proportion and the issues are sorted out at the earliest. More

Electricity Act spares BEST from future shocks — Consumers denied right to choose power source
ABOUT nine-lakh consumers in Mumbai who are supplied power by Brihanmumbai Electricity Supply and Transport Undertaking (BEST Undertaking) have been denied the right to choose their source of power supply under the recently enacted Electricity ... More

TYRES

Truck, bus tyre output up in March
TRUCK and bus tyre production registered a record production level of 8.99 lakh tyres in March 2003, the best production performance in the fiscal year 2002-03. The production level in this category, which accounts for more than 70 per cent of ... More

WATER

Water level declines in Karnataka

EXIM POLICY

NCAER against `rigid' EPCG policy
THE National Council of Applied Economic Research (NCAER) has argued against adopting any "rigid" export promotion capital goods (EPCG) policy since "in an open economy, a country cannot sell antiques produced by a vintage capital goods ... More

RADIO/TV

A basket CAS
The viewer is the worst affected in the proposed CAS regulation: she will have to spend a great deal on set-top boxes, pay a higher monthly fee, and receive fewer channels, with absolutely no choice of channels or cable operators. More

CARS

Car sales zoom 28 pc in April — Powered by Maruti, Hyundai, Tata Engg
CONTINUING on a positive run after an 8 per cent excise reduction in the Union Budget, domestic passenger car sales jumped by 28 per cent in April 2003. Buoyed by increased sales of the three largest automobile manufacturers - Maruti Udyog, ... More

SCIENCE & TECHNOLOGY

ISRO shops for GSLV launch deal
THE second success with the GSLV recently has finally opened the Indian shop for geostationary satellite launchers. It, however, does not look like an easy market out there. The national space agency ISRO, according to sources, has "approached ... More

SMALL SAVINGS

Bengal tops resources mop-up through postal small savings
THANKS to the traditional mindset of the people veering round secured investment, West Bengal on Wednesday topped the list of postal circles with regard to mobilisation of resources through various small savings schemes of post offices. In ... More

FOREIGN DIRECT INVESTMENT

S. Korean cos bullish on India operations
South Korea accounts for 4.15 % of total FDI approvals from January 1991 till June 2002 (excluding the amount approved by ADRs/GDRs). This amounts to $2.63 billion as against the total FDI figure of $63.44 billion for the period. More

EVENTS

`Tech progress must benefit common man'
DETERMINED work is needed for the technological advancements, which can benefit the common man and to achieve this there is also a need for detailed planning in technological institutions, according to Dr G. Madhavan Nair, Director, Vikram ... More

SARS threat forces ITPO to defer expo
THE Indian Trade Promotion Organisation (ITPO), the nodal agency of the Government to promote the country'sexternal trade, has deferred the `Incredible India-2003' expo scheduled to be held in Kuala Lumpur in June due to the threat of Severe ... More

Hyderabad Engagements

INTERNATIONAL TRAVEL

Holiday for passport office

EXPORTS & IMPORTS

19% surge in April apparel exports
THE inaugural month of the current fiscal saw a surge in the country's readymade garments as such exports notched up a growth of 19 per cent in volume and 24 per cent in value terms to continue last fiscal year's sustained increase. Figures ... More

VENTURE CAPITAL

Aavishkaar India keen on funding rural entrepreneurs
A VENTURE capital fund with a difference. Quite removed from the world of IT start-ups, Aavishkaar India Micro Venture Capital Fund or Aavishkaar India concerns itself with rural enterprises and grassroots innovations that have the potential to ... More

TOURISM

Pondy plans yacht marina
THE Department of Tourism, is planning to set up a yacht marina in Pondicherry as part of its overall plan in developing tourism infrastructure, according to Mr A.V. Nagarajan, Director of Tourism, Government of Pondicherry. The department has ... More

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