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Thursday, September 11, 2003
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INDUSTRY & ECONOMY

EXCISE AND CUSTOMS


7% rise in indirect tax collections in April-August
THE Centre's excise and customs revenue collections have registered a 7 per cent increase during the first five months of the current fiscal, totalling Rs 51,461 crore as against Rs 48,095 crore in April-August 2002. While excise collections ... More

FOREIGN TRADE


Sharon invites Indian investment
THE Israeli Prime Minister, Mr Ariel Sharon, on Wednesday invited the Indian business community to invest in Israel as also participate in its disinvestment process. Addressing captains of the Indian industry at a luncheon meeting jointly ... More

HEALTH


2-day CME programme
HYDERABAD: A two-day continuing medical education (CME) programme on vascular and interventional radiology is being organised by the Nizam's Institute of Medical Sciences, under the auspices of Indian Society of Vascular and Interventional ... More

Doctor does 25,000 heart surgeries
Chennai: Dr M.R. Girinath, Chief Cardiovascular Surgeon, Apollo Hospitals, was felicitated by the hospital management on Tuesday on performing 25,000 heart surgeries there. An Apollo press release said of the 25,000 surgeries performed ... More

PETROLEUM


ONGC may share LPG, kerosene subsidy burden
THE Government is considering a proposal to transfer some of the burden of subsidy on LPG and kerosene on to ONGC. Currently, the public sector oil marketing companies, IOC, HPCL and BPCL, bear the entire brunt of this subsidy. These ... More

POWER


AP power utilities adopt TIMS
HYDERABAD: The failure rate of distribution transformers (DTRs) in Andhra Pradesh has declined drastically following the adoption of Transformer Information Management System (TIMS) by the State power utilities, according to Ms Rachel ... More

TEXTILES


Production of high quality yarn a drain on profits, says study
IS production of yarn of higher quality a drain on the profits of the textile mills? This is what a recent study on cost-strength-product (CSP) undertaken by the Coimbatore-based South India Textile Research Association (SITRA) seems to ... More

WATER


Will water take on colas?
Even as industry experts have forecast packaged water as the world's leading beverage by 2005 overtaking carbonated beverages, global majors are now putting their non-carbonated beverage brands in the forefront in recognition of this trend. Mr ... More

No move to sell river water, says Kerala Minister
THERE is no proposal to sell Kerala's water resources, says an official press release from the State Minister for Water Resources, Mr T.M. Jacob. Hence, recent reports that river water in the State would be bottled and sold by companies in the ... More

Dikshit defends dual water pipelines
THE Delhi Jal Board has recently adopted the concept of dual water pipelines in a bid to utilise the available resources more effectively. Despite criticism of the system of separate pipelines for drinking and washing, the Delhi Chief Minister, ... More

AP groundwater potential study to be completed soon
THE state of groundwater in Andhra Pradesh, which could be useful for the development of agriculture is expected to be fully compiled by February-March of 2004 by the Geological Survey of India (GSI), here. Under a project called `Jaladarthi', ... More

EDUCATION


DRS International schools
HYDERABAD: The DRS Group has decided to start DRS International schools all over the country as well as abroad. A decision to this effect was taken at its 13th Annual Board meeting here recently, under the Chairmanship of Mr Dayanand ... More

FOODS & FOOD PROCESSING


Rs 1.4-cr research unit set up at Indian Food Park
A RS 1.4-crore R&D facility devoted to food research has been set up at the Indian Food Park (IFP) at Palavanatham near Virudhunagar. The pilot unit has been developed by the Coimbatore-based Avinashilingam Institute for Home Science and Higher ... More

REAL ESTATE & CONSTRUCTION


`Ease curbs on real estate sector'
ONE of the barriers to the internationalisation of the real estate industry in India is the regulatory environment which does not permit of capital efficiency and liquidity, according to Mr Steve Mallen, Partner and Head of Global Research at ... More

Greater Noida to have its own `Connaught Place'
CONNAUGHT Place has always been the most popular destination for Delhi's youth and visitors, be it for shopping, eating or simply for hanging out. But the city's most popular landmark has fast become a traffic nightmare during peak office hours ... More

Malaysian co's arm to develop township at Mohali
IJM (India) Infrastructure Ltd (IJMIL), a 95-per cent subsidiary of IJM Corporation Berhad of Malaysia, has signed a memorandum of understanding with the Punjab Government for developing an international township at Mohali, near Chandigarh. The ... More

INDUSTRY ASSOCIATIONS


Chamber opposes independent directors in majority number
PHD Chamber of Commerce and Industry (PHDCCI) has suggested that the minimum number of independent directors required to be appointed by the companies should be one-third of the total strength. The minimum number of directors should be retained ... More

New KCCI President
MANGALORE: Mr R.D.Kini has been elected the new President of the Kanara Chamber Commerce and Industry (KCCI), at its 62nd annual general body meeting held here on Wednesday. The others in the new board include Vice-President, Mr A. ... More

KNITWEAR & HOSIERY


Knitwear exporters seek rupee invoicing
The knitwear exporters' body has suggested that export credit rate be brought down to 4 per cent level on par with the LIBOR rate and offer of export credit guarantee cover for exchange risk. More

MINERALS


GSI now eyes the sky for minerals
THE 152-year-old Geological Survey of India (GSI), which is involved in scanning the depths of the Earth for minerals has now decided to look up to the skies for possible minerals. It has added the geology of extra-terrestrial space and ... More

DISINVESTMENT


SCI board mulls interim dividend?
IS the Shipping Corporation of India (SCI) about to issue a bumper interim dividend to enable the Government to draw a part of its reserves ahead of its disinvestment? There is much speculation on this after the company announced the record ... More

WTO


Agriculture holds key to success at Cancun
AS the ministerial conference of the WTO gets under way, the world's oldest avocation, agriculture appears to hold the key to the success of the Doha Round talks, with trade majors like the US and the EU unrelenting in their posture and ... More

EVENTS


Security alert leads to chaos at Sharon luncheon meeting — Lack of coordination is spoilsport
GUESTS arriving at the 11th floor of the upmarket Taj Mahal here would have been forgiven for thinking that they were in a fish market and not the confines of a luxury hotel. The hotel floor provided the only passage to the luncheon meeting ... More

`Deliver as promised for credibility'
IN a globalised economy, the ability to deliver against promises is important as the impression about India is quite negative, according to Mr V.K. Raman, CEO (India), Global Realty Outsourcing India Pvt Ltd. The spoken word is still held high ... More

  • Hyderabad engagements

    INCOME TAX


    `Doing away with rebates may lead to reduction in tax rate'
    According to the Chief Commissioner of Income Tax (Andhra Pradesh), Mr Chowdary, e-filing of returns would be further made simpler by introduction of digital signature software. More

    ALTERNATIVE MEDICINES


    SE Asian health ministers form group on traditional medicine
    THE health ministers of World Health Organisation South East Asian Region countries on Tuesday decided to set up a working group on traditional systems of medicine. The working group is expected to be constituted soon and would study the ... More

    Kinfra plans `herbal village' in Wayanad
    THE Kerala State Industrial Infrastructure Development Corporation (Kinfra) is in the process of setting up a `herbal village' in the State. Land acquisition for the village, in the Wayanad district, is already on, said Dr G.C. Gopala Pillai, ... More


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