The Hindu Business Line : Thursday, November 13, 2003

`Pension reforms should cover more people'
MODERNISATION of pension norms should continue in India, this was stated here today by Dr Edwin M. Truman, Senior Fellow in the Institute for International Economics, USA. Pension reforms, which now forms a key part of India's overall reforms ... More

AWARDS & HONOURS

AMGF Intercorp launches FMCG awards
AMGF Intercorp Ltd on Wednesday announced the launch of its first FMCG Awards 2003. The Awards will arbitrate the popular Indian brands, brand ambassador and individuals in the FMCG sector. The Awards are based on a consumer poll and are ... More

ECONOMY

Manufacturing aids industry post 6.5 pc growth in Sept
INDUSTRY continues to exhibit buoyant growth performance, with the Index of Industrial Production registering a year-on-year increase of 6.5 per cent during September. Quick estimates of the index, released by the Central Statistical ... More

ENGINEERING

Engg expo to showcase SSI units as vendors
THE first-ever engineering expo on sub-contracting, `Subcon 2003', to be held here next month will prove a test-case for SSI engineering units seeking to emerge as dependable vendors of engineering goods/components and services to major ... More

FOREIGN TRADE

Indo-Singaporean trade pact by April
Mr Tong said the agreement would cover a broad spectrum of areas, including goods, services, investments and air services. "With the agreement, Singapore can act as a catalyst for India's economic reform process," he said. More

HEALTH

`Telemedicine can boost healthcare reach'
TELEMEDICINE is the country's brightest hope to reduce the cost of health care and bring it within the reach of more people, said doctors today at a conference organised by the Confederation of Indian Industry. Indian health care is marked by a ... More

PETROLEUM

White kerosene proves lucrative for racketeers
A new lorry that used SKO with the additive as fuel could pass the pollution test. The engine suppliers are, in fact, supplying the additive also these days. More

PHARMACEUTICALS

Nicholas Piramal quits pharma alliance
FIRST it was Cipla and now it's the turn of Nicholas Piramal India Ltd (NIPL) to opt out of the Indian Pharmaceutical Alliance (IPA), a platform that was the brainchild of Ranbaxy promoter the late Parvinder Singh. The development comes even ... More

POWER

Rs 10,000 cr set aside to update power plants
THE Union Power Ministry has set aside Rs 10,000 crore to provide soft loans for renovation and upgradation of power plants. This is part of the Government initiative to help power plants increase generation through its accelerated generation ... More

Move to assess small hydropower potential in Kerala
THE Energy Management Centre (EMC), under the Department of Power of the State Government, is preparing a master plan for assessing the total small hydropower (SHP) potential in the State. The exercise,first time in the country, is being ... More

Meet discusses steps to avoid blackouts in western region
THE Union Power Secretary today met Chairmen of State Electricity Boards and State Energy Secretaries of Maharashtra, Gujarat, Madhya Pradesh and Goa and officials of Power Grid Corporation to discuss ways to avoid blackouts in the western ... More

TAXATION

Case made out for MAT withdrawal
The argument that has been put forth is that MAT has "affected" the internal resource generation of the companies resulting in a "severe blow" to their plans for expansion and diversification. More

TYRES

Truck, bus tyre production up in Sept
TRUCK and bus tyre production registered a marginal improvement in September 2003 at 9.07 lakh tyres as compared to a production level of 9 lakh tyres recorded in August 2003. The production performance in this category in September 2003 was ... More

REAL ESTATE & CONSTRUCTION

Realtors express concern over eco ministry's notification
As per the. notification, building projects involving an outlay of Rs 50 crore or more and erecting 200 housing units or more and generating a stipulated amount of waste will have to seek the Ministry clearance. More

ALUMINIUM

AP tax incentive to aluminium cos
THE Andhra Pradesh Government had recently issued an order allowing industries to set off tax paid on the purchase of aluminium raw materials from the tax payable on the sale of finished products. Disclosing this to presspersons here on ... More

BIO-TECH & GENETICS

Plan to develop Maharashtra as biotech destination
WITH plans to set up a biotech park in Pune and develop the Pune University into a Centre of Excellence, Maharashtra, has initiated a roadmap to emerge as the country's leading biotech destination. While the Pune Biotech Park would be set up ... More

NEWSPAPERS & PUBLISHING

After Jayalalithaa's statement — The Hindu withdraws request for CISF cover
THE Hindu's Editor-in-Chief, Mr N. Ram, has welcomed the Tamil Nadu Chief Minister, Ms J. Jayalalithaa's statement to fully comply with the Supreme Court's order staying the arrest of The Hindu Editor and four others for alleged ... More

DISINVESTMENT

IOC, ONGC equity offer in domestic market proposed
THE Government is mulling the option of selling its 20 per cent stake in Indian Oil Corporation and 5 per cent stake in Oil and Natural Gas Corporation in the domestic markets to bridge the fiscal deficit. "We are considering the option of ... More

IPR

Natco to challenge grant of exclusive rights to Novartis cancer drug
NATCO Pharma Ltd has decided to challenge the decision of the Controller-General of Patents and Trademarks of India granting exclusive marketing rights to Novartis India for its anti-cancer drug in the country. Novartis India is the first ... More

RURAL DEVELOPMENT

AP: Rural employment schemes
HYDERABAD: The Andhra Pradesh Khadi and Village Industries Board has sanctioned Rs 577.41 lakh to individuals during the financial year 2002-03 to create employment in rural areas. In the past three years, it has generated employment ... More

EVENTS

Campaign to issue birth certificates
THE State Government will run a special campaign to issue birth certificates to all children below 10 years during the `child rights week' from November 14 to 20, according to Ms Sheela Thomas, Director of Census Operations, Kerala. Addressing ... More

Facilities management biz gaining ground in Bangalore
THE two-day annual conference of the International Facilities Management Association (IFMA) opens here on Friday amid the facilities management gaining a strong footing in Bangalore. The enormous built-up commercial space for IT and ITES ... More

`Human chain' to protest TN House order
Mr M. Karunanidhi, DMK President, Mr N. Sankaraiah of the CPI (M ), Mr N. Ram, Editor-in-Chief , The Hindu, at a human chain rally in Chennai on Wednesday protesting the Tamil Nadu Assembly's order against journalists. ... More

INCOME TAX

Impose ceiling on tax-free donation
WITH elections to four State Assemblies round the corner, the issue of donations to political parties assumes importance. Based on the recommendations of the Indrajit Gupta Committee on Funding of Political Parties, the ... More

EXPORTS & IMPORTS

Used photocopiers, ACs, gensets can't be imported under EPCG
SECOND-hand photocopier machines, air-conditioners and diesel generating sets cannot be imported under the export promotion capital goods (EPCG) scheme even if such equipment are less than 10 years old, the Directorate General of Foreign Trade ... More

Tea exports to Pak pegged at 6 mkg
TEA exports to Pakistan in the current year are likely to touch the six million kg mark (mkg) against the target of 10-15 mkg. According to industry sources, exports to Pakistan during January-September this year were 3.5 mkg. In October, ... More

OUTLOOK

Western Coalfields sees lower output on unviable mines
WESTERN Coalfields Ltd (WCL) may find it difficult to maintain its present position unless effective measures are taken to compensate the gradual loss of production that the company is suffering because of old and uneconomic mines. This ... More

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