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Sunday, January 16, 2005

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INDUSTRY & ECONOMY

ANTI-DUMPING


EU trade chief pledges `sparing' approach to anti-dumping issues
THE new EU Trade Commissioner, Mr Peter Mandelson, has pledged to adopt a rigorous, disciplined and sparing approach to the use of anti-dumping and other trade defence instruments. "But I want India to act in the same spirit. India shares the ... More

ENGINEERING


Engineering exporters urged to recognise new challenges
THE Union Minister of Commerce and Industry, Mr Kamal Nath, has urged engineering exporters to recognise the new challenge of carrying Indian products to new shores and new markets. Speaking at the All India Awards Presentation ceremony of the ... More

FOREIGN TRADE


Govt looking at establishing rail connectivity with Asean nations
ENCOURAGED by the success of the recent Asean car rally covering about 8,000 km of roads in India and other nine Asean countries, the Union Government is seriously looking at establishing rail connectivity with all the Asean countries. This ... More

India, Japan discuss steps to improve economic tie-ups
INDIA and Japan have discussed steps that needed to be taken to improve economic cooperation, including on tax matters, between the two countries. The Japanese Minister for Economic and Fiscal Policy, Mr H. Takenaka, called on the Finance ... More

INFRASTRUCTURE


Govt pursuing forex reserves for infrastructure
THE Government is actively considering the Planning Commission's proposal to use the country's foreign exchange reserves for the development of infrastructure. Speaking to newspersons on the sidelines of CNBC-TV 18 India Economic Conclave, Dr ... More

PETROCHEMICALS


Haldia Petro in talks with PSU oil co to sell motor spirit
PRODUCTION of motor spirit is fast emerging as a leveraging tool for Haldia Petrochemicals Ltd (HPL), which is seeking to export it to China and a few other countries. The company is also in talks with a public-sector oil company for selling the ... More

PETROLEUM


No change in petrol, diesel prices now
PETROL and diesel prices would remain unchanged this fortnight. Oil companies review retail prices every 15 days and were scheduled to take a decision on revising them on Saturday. "I don't expect them (oil companies) to increase prices," the ... More

POWER


Chairman for power tribunal to be chosen in 2 weeks
THE Union Power Ministry will select a chairman for the appellate tribunal for power, a quasi-judiciary body for settling disputes between power sector companies, within two weeks. The Government has finalised three members to be appointed on ... More

Dabhol solution `in sight'
THE Union Power Minister, Mr P.M. Sayeed, has said the Government may be close to a solution for restarting the 2,187-MW Dabhol power project, lying closed since May 2001. "A solution is in sight. It could come pretty soon... may be in a few ... More

TAXATION


Indirect tax collections up 12.23% in April-Dec
INDIRECT tax collections of the Central Government has registered a 12.23 per cent increase in the first nine months (April-December 2004) of the current fiscal at Rs 1,17,856.86 crore as against a collection level of Rs 1,05,011.03 crore ... More

TEXTILES


Garment industry plea on higher interest subsidy
EVEN as the proposed higher differential interest of eight per cent allowed under the technology upgradation fund scheme (TUFS) for modernising textile processing sector is cleared by the Centre, the garment industry is asking the Government to ... More

WATER


Govt to launch pilot project for water bodies soon
THE pilot trials for the Government's ambitious project for repair, renovation and restoration of all water bodies are likely to start soon following Cabinet approval next week. If the pilot project is successful, the Government will seek funding ... More

TWO/THREE WHEELERS


Two-wheeler sales cross 6 m units in 2004
THE two-wheeler industry crossed the 6-million mark in the calendar year January - December 2004. The performance of the motorcycle segment has been impressive registering a growth of 19.5 per cent during the calendar year 2004, whereas ... More

LEATHER


Leather industry seeks duty exemption
THE leather industry, which is on a growth path, is hoping for excise exemption on shoes and shoe components and exemption from excise and countervailing duty levied on imported equipment to sustain the growth. According to the Chairman for the ... More

INDUSTRY ASSOCIATIONS


`India must stop harping on US-Pak ties'
INSTEAD of following the relationship between the US and Pakistan, India should try to improve its ties with its neighbour. This would help India in furthering its relationship with the US. This was the view of all the panelists present at the ... More

EVENTS


Aiyar seeks foreign investments
THE Petroleum Minister, Mr Mani Shankar Aiyar, today invited foreign investments in the upstream and downstream business of the petroleum sector. Inaugurating the Petrotech-2005 exhibition here, he said India has already offered 20 blocks for ... More

NATURAL CALAMITIES


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    Forex reserves decline $2 b on revaluation of currencies

    Indirect tax collections up 12.23% in April-Dec

    `India must stop harping on US-Pak ties'

    In Focus

    BHEL Disinvestment
    The Yuan Revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Jan. 9-Jan. 15
    Tourist arrivals in December up 23 pc

    NRIs urged to invest in `other India'

    Patents Ordinance 2004 — Relief for generic drug-makers

    Synthetic, rayon textile exports may fall short of target

    PSBs nonchalant over sunset clause on NPAs

    Swaminathan foundation proposes new approach to rehabilitate tsunami victims

    Hypersonic travel may become a reality

    Export target set at $88 b for next fiscal

    GAIL to supply gas to RCF through Dahej-Uran pipeline

    Industrial output grows 7.9 pc in November

    Gem & jewellery exports rise 43 pc in April-August

    Exports up 23.41 pcin April-December

    Textile export to quota countries in Jan-Dec up 5.48 pc

    Gujarat to attract investments over Rs 87,000 crore

    Raghuram Rajan for calibrated roll-out of economic policies


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