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Tuesday, May 17, 2005

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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Monsoon caravan set rolling: IMD
THE cross-equatorial flow, which brings in the moisture-carrying winds from the Indian Ocean over the southwest peninsula, has been set into motion, signalling the go-ahead for the monsoon 2005 caravan. This more or less makes for conditions ... More

ECONOMY


India Inc business confidence index down in Q4: FICCI
EVEN as India Inc exuded optimism about export prospects, investments and recruitment in the next six months, its business confidence index fell in the fourth quarter of 2004-05 compared to the previous period, a FICCI survey has ... More

FERTILISERS


Talks on phosphoric acid rates fail — DAP supplies may dry up, warn fertiliser cos
THE latest round of negotiations between the Phosphoric Acid Consumers Group (PACG) and international suppliers failed to reach a decision on phosphoric acid prices for fiscal 2005-06. Last week, representatives from three main global ... More

PETROLEUM


Left opposes petrol, diesel price hike — Calls for duty restructure
THERE was no breakthrough on the issue of raising petroleum product prices with the Left allies of the United Progressive Alliance (UPA) Government continuing to oppose any move to increase petrol and diesel prices. The Left allies — ... More

POWER


Differential power tariffs from next fiscal
Differential electricity tariffs are separate tariffs for peak and non-peak hours, with consumers having to shell out a premium for the power consumed during certain designated peak hours. More

Cauvery hydro power projects see some progress
THE proposed hydro power projects along the Cauvery to generate 1,150 MW of electricity are seeing some progress with a meeting between Karnataka and Tamil Nadu and the Union Power Ministry scheduled to be held shortly. A meeting between the ... More

`Lessons to be learnt from Maharashtra power crisis'
THE crisis in Maharashtra's power sector has lessons for all, according to the Union Power Secretary, Mr R.V. Shahi. The first and most important one is to plan for capacity addition well in advance of demand. Though the gestation period of ... More

TAXATION


Flexibility in centralised regn of service tax urged
FAST moving consumer goods (FMCG) companies are asking the Finance Ministry to grant them the flexibility of centralised registration for the service tax payable by them on goods transport agencies. Under the current service tax regime, a ... More

Raincoat makers to protest against VAT anomalies
AROUND 500 raincoat manufacturers of Maharashtra have decided to go on a token strike on Thursday in protest against discrimination by the State Government by leaving out raincoats from the 4 per cent VAT structure. The manufacturers/traders ... More

COAL


Metaljunction launches coal sales through e-auction
METALJUNCTION Services Ltd, a 50:50 joint venture between Tata Steel and Steel Authority of India Ltd (SAIL), here on Monday formally launched its new e-auction coal sales services under the name "coaljunction." The new service line intends to ... More

RADIO/TV


Star India to charge 50% premium on prime time ad rates
STAR India seems to have decided to remain conservative in deciding the advertising rates for Kaun Banega Crorepati (KBC) 2. The channel plans to charge a 50 per cent premium on the existing prime time rates for the final season of the ... More

GEMS & JEWELLERY


Ministry clarifies on gem, jewellery sector service tax
THE Finance Ministry has made it clear that service tax would not be applicable on outsourced processes, in the gem and jewellery sector, which qualify as `manufacture' under the Central excise law. The Revenue Department's clarification has ... More

BIO-TECH & GENETICS


IFC to infuse $4-million equity in biotech fund
THE International Finance Corporation (IFC), a private sector arm of the World Bank Group, has decided to commit $4 million in equity to APIDC Biotechnology Fund, targeting early stage companies in life sciences. The IFC's Private Equity and ... More

SCIENCE & TECHNOLOGY


`ISRO to carry out full-fledged commercial launch in 2006'
IN 2006, the Indian Space Research Organisation (ISRO) will carry out a full-fledged commercial launch, according to the ISRO Chairman, Mr G. Madhavan Nair. Addressing a press conference in the city on Monday, he said the ISRO will launch an ... More


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Top Stories
Monsoon caravan set rolling: IMD


Ministry clarifies on gem, jewellery sector service tax

Telecom rides the mobile wave — Non-wireless segments, rural areas laggards

PSBs suffer 9% dip in profits, see rise in lending

Concern over spiralling wheat prices

Talks on phosphoric acid rates fail — DAP supplies may dry up, warn fertiliser cos

Star India to charge 50% premium on prime time ad rates

Indian Railways plans to deploy GSM-R network in 2 new zones

In Focus

BHEL Disinvestment
China's 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
May. 8-May. 14
Tobacco: Health Ministry may ban brand extension ads

Haryana matches Delhi, pegs VAT rate on automotive tyres at 12.5 pc

VAT panel may assume quasi-judicial role

Company Affairs Ministry okays Sun group's DTH application

Educational, medical institutions run on commercial lines may lose tax sop

Japan alert on banned antibiotics — Govt steps up vigil on shrimp shipments

Automobile sales top Rs 1,10,000 cr in value terms

`Mud slinging is an occupational hazard'

Essar Power plans Rs 4,000-cr investment in new capacity

Industry posts 8 pc growth in 2004-05

Car sales up 13.6 pc in April; CVs down 15 pc

Chinese textile exports to US dive 21 pc in March

Coal shortage hits Rlys' freight movement plans

Marginal rise in biz confidence index

`Banks must recognise credit rating of SSIs by independent agencies'

India set to become knowledge process outsourcing hub: CII

Realty cos shift focus to non-metros


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