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Thursday, November 06, 2003
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INDUSTRY & ECONOMY

EMPLOYMENT


New economy sectors to add 10 lakh jobs: Krishna
INFOTECH, IT-enabled services and electronic hardware sectors will be the new drivers of the employment scene. They will add an estimated 10 lakh jobs by 2008, the Chief Minister, Mr S.M. Krishna, said here on Wednesday. These new economy ... More

ECONOMY


What makes the Chinese tick?
CHINA is an attraction to everyone these days, in India. Despite similarities, how is it that it could achieve so much economically, while India, in spite of its perceived strength is stumbling, is a question in discussion at every level. A visit ... More

HEALTH


Penalty for spurious drugs; but what about fake doctors?
AS if the prevalence of spurious drugs in the country is not worrisome enough, the horror story does not end there. Interlinked with the spurious drugs issue is the tale of "fake doctors or quacks", who are believed to outnumber registered ... More

POWER


Grid failure hits power supply in Maharashtra
MOST parts of Maharashtra except Mumbai were affected by a major power failure today, following a technical fault in the western grid system. The power failure occurred at 10.28 a.m. caused by "low voltage at the Dhule-Itarsi transmission line ... More

Bengal may go it alone on Purulia power project
THE West Bengal Government is planning to move away from the joint venture mode and implement the Purulia Pumped Storage Project (PPSP) on its own if the Centre continues to dilly-dally with the clearances required for the project. Stating this ... More

STEEL


Higher steel prices have limited impact on end-users: Crisil
THE firmness in steel prices over the last one-year has not seriously impacted the end-users of steel as it is widely believed to be, a study by Crisil has revealed. On the contrary, firm steel prices have helped the steel industry to clear its ... More

`Core sector must fuel steel demand'
A SUSTAINED annual growth rate of 12 per cent in per capita consumption of steel is imperative for the country to become a developed country, according to Dr S.K. Gupta, National Metallurgist and Executive Vice-Chairman of Jindal Vijaynagar Steel ... More

TYRES


Easy mobility of non-duty paid tyre tubes among factories sought
THE domestic tyre industry has urged the Union Government to allow its companies to bring non-duty paid tubes and flaps into their respective factories and package them with the tyres for export purposes. Tyre exports from the country in the last ... More

BREWERIES


TN Govt justifies taking control of liquor retailing
THE Tamil Nadu Government took liquor retailing out of private hands to break cartels that controlled trade and to eradicate tax evasion and marketing of spurious liquor, according to the Chief Minister, Ms Jayalalithaa. Since 2001, the ... More

EDUCATION


ICAI plans to set up shop in UAE Knowledge Village
IT'S only weeks since the Crown Prince of Dubai inaugurated the "Knowledge Village" in the UAE. Billed as the new destination of international accredited universities, professional training centres, e-learning outfits, education service ... More

Dr Reddy's Foundation begins college for poor
AIMED at providing cost-free, livelihood-oriented education to the deserving deprived urban adolescents, Dr Reddy's Foundation (DRF), a social arm of Dr Reddy's Laboratories, started Kallam Anji Reddy Vocational Junior College here on Wednesday. ... More

MEDICAL INSTITUTIONS & HOSPITALS


Manipal Hospital gets ISO certificate
MANIPAL Hospital has become India's first multi-speciality hospital to be ISO 9001: 2000 certified by TUV Rhineland for clinical protocols, nursing care, support service (laboratory & pharmacy) and administration. This is for the first time ... More

REAL ESTATE & CONSTRUCTION


`Bangalore leads in real estate activity'
Apart from Bangalore, the city of Chennai has also witnessed a surge in real estate activities in the last quarter, which has been driven mainly by ITES companies, followed closely by the retail and entertainment sectors. More

LEATHER


Leather sector seeks steps to tap Russian market
EVEN as the Moscow-based marketing consultancy outfit International Marketing Centre Network finalises its report for the Indian leather industry, the exporting community feels that the Union Commerce Ministry has to take a more pro-active role, ... More

INDUSTRY ASSOCIATIONS


Culinary bodies form new federation
THE ICF (Indian Culinary Forum), WICA (Western Indian Culinary Association) and SICA (South India Culinary Association) have got together and formed the Indian Federation of Culinary Associations (IFCA). The objective of the body will be to ... More

MINING & QUARRYING


Pant calls for task force for mining sector
THE Planning Commission Deputy Chairman, Mr K.C. Pant, has said that there was a need for a task force to address the issues faced by the country's mining sector and the industry should focus more on its social responsibility. Addressing the ... More

DISINVESTMENT


AP Paper Mills divestment to get over by year-end
WITH the valuation process completed for Andhra Pradesh Paper Mills Ltd, where the Andhra Pradesh Government holds about 26 per cent equity, the Implementation Secretariat has decided to conclude the process of divestment of the State's stake ... More

SMALL SAVINGS


India Post hopes to mop up Rs 5,000 cr in small savings
INDIA Post (Tamil Nadu circle) is targeting a net collection of Rs 5,000 crore from small savings this fiscal. "We are confident of achieving the target," Mr U. Srinivasaraghavan, Chief Post Master General, said here today. Comparing the ... More

IPR


IPR consultancy
KOCHI: The Kochi-based Goodwill Consultants, intellectual property consulting firm, is extending operations outside the State. As part of its expansion programme, the company has opened an office in Bangalore for trademarks, patents, ... More

RURAL DEVELOPMENT


RBI trims rates on RIDF deposits, loans
THE Reserve Bank of India has rationalised the interest rate structure under the Rural Infrastructure Development Fund (RIDF) and revised lending and deposit rates in respect of the undisbursed amounts of RIDF-IV to IX effective from November 1, ... More

HUMAN RESOURCES


Contractual system can create more jobs, says Verma
THE Union Minister for Labour, Mr Sahib Singh Verma, on Wednesday said that the introduction of fixed-term contractual employment in place of permanent jobs would generate more jobs as also more revenue for the employers in the long ... More

CORPORATE GOVERNANCE


`Good corporate governance crucial for competitive edge'
"Today, good corporate governance and social and environmental performance are increasingly important, and companies actually gain a competitive advantage if they can demonstrate their compliance in these areas." More

EVENTS


Selection of B-school team for Singapore event
THE Bharathiar School of Management and Entrepreneur Development (BSMED) plans to organise a national level competition of the business schools to sponsor candidates for `Global Start-Up @ Singapore Business Competition'. Bharathiar School was ... More

Stamp expo from Nov 27
THIRUVANANTHAPURAM: The Kerala Postal Circle will be holding a quadrennial stamp exhibition, Kerapex-03, at Thrissur from November 27 to 30, an official said here. The souvenir committee has invited write-ups on philately from ... More

ENTERTAINMENT & LEISURE


Ministry bid to lure venture capital for entertainment sector
IN yet another effort to encourage the flow of `clean money' in the entertainment sector, the Information and Broadcasting (I&B) Ministry has decided to set up a Committee to work out modalities to attract venture capital (VC) funds to the ... More

ENTREPRENEURSHIP


FICCI, GECL awards for students to boost entrepreneurial talent
AN awards ceremony of unique initiative, `the business start-up plan contest 2003', launched by the Federation of Indian Chambers of Commerce & Industry (FICCI) and General Engineering Co Ltd (GECL) of Japan earlier this year is to be held on ... More

EXPORTS & IMPORTS


Oilmeal exports gain momentum in Oct
Increase in meal export follows improved availability of raw material and expansion in processing activity. More

Chinese purchases induce price spike in cotton
DESPITE an increase in global cotton production during 2003-04 and projected consumption unchanged from last year, world cotton prices witnessed a sudden spurt last month— reaching the highest since September 1997. This followed an abrupt ... More


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ICAI plans to set up shop in UAE Knowledge Village

Ashok Leyland vehicle sales up 72% in Oct

Ministry bid to lure venture capital for entertainment sector

Cellular base crosses 19.35 million

Tatas' pick-up on the growth track

Penalty for spurious drugs; but what about fake doctors?

Higher steel prices have limited impact on end-users: Crisil

In Focus
The Cable tangle
Telecom Competition
Oil PSUs: Disinvestment dilemma
In Depth
Swati CA
In Kashmir
Simple Economics
Slowburn
Tax Talk
NRIs & Investment Avenues
Corporate Governance
Iraq Diary

Looking back
Oct. 26-Nov. 1
Chilli export turns cold on stiff competition — H1 spices shipments decrease in value, volume terms

Mobikes seen to zoom ahead of other 2-wheelers in growth

`No need for duty sops on STBs any more'

WTO reports decrease in H1 dumping probes

Automotive tyre prices on the rise

Tractors ploughing fertile lands

Tyre firms may import 31,500 t rubber

RIL likely to price gas at 30 pc discount to global rates

Jalan lists economy speedbreakers

Duty sops for STBs open Pandora's box

Synthetic, rayon textiles export rises 20 pc

Investments rise 60 pc in H1: Study

US visa regulations get tougher

Vegoil importers sore over wordings in Govt circulars

`Steel demand growth at 7-8%'

State debt swap scheme a boon for Centre too

CII to help SHGs find pvt partners in biz, marketing


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