The Hindu Business Line : Friday, November 28, 2003

Ramco group invests Rs 65 cr in wind power
THE Ramco group with interests in cement and textiles, has invested Rs 65 crore this year on wind power. It has put up wind turbines totalling 16.225 MW this year, taking its total installed wind power capacity to 54.96 MW. Two group companies ... More

CONSUMER ELECTRONICS

Cetma seeks to rationalise customs duty structure
In order to encourage the use of set-top box (STB), the association has suggested that the excise duty on STB should be reduced to 8 per cent. More

ECONOMY

Incentives given to corporates by select States `harmful'
ARE the fiscal incentives offered to corporates by States such as Jammu & Kashmir, Himachal Pradesh, and Uttaranchal placing other States at a competitive disadvantage? By granting exemptions such as excise duty and sales tax to a select ... More

ENGINEERING

Lower interest sought for motor pump sector
THE Southern India Engineering Manufacturers' Association (SIEMA) here has requested SIDBI to extend the credit-linked capital subsidy scheme to the motor pump industry so that it can borrow loans at lower interest rate. In a letter to Mr N. ... More

ENVIRONMENT

Ernakulam dist gets ready for biogas project
ENTHUSED by the tremendous support received for the garbage disposal campaign, the Ernakulam panchayat authorities are planning to implement the biogas plant project across the district in a phased manner. In the initial phase, around 285 ... More

'`Use fly ash, check greenhouse effect'
DID you know that each tonne of cement we produce generates one tonne of carbon dioxide? If the answer is `no', imagine the magnitude of damage considering the fact that we produce 100 million tonne of cement annually. On another front, the ... More

HEALTH

Shanta Biotech's cardiac drug comes under scrutiny
SHANTA Biotechnics' biotech cardiac drug recombinant streptokinase has come under a cloud with the Genetic Engineering Approval Committee (GEAC) seeking a probe from the Drug Controller General of India (DCGI) into reports on deaths resulting ... More

PETROLEUM

As North Block says no to reimbursement scheme... Oil Ministry moots 4 pc addl duty on petro goods
THE Petroleum Ministry has mooted levy of 4 per cent Special Additional Customs Duty (SAD) on mass consumption petro-products, petrol, diesel, LPG and kerosene. In a recent letter to the Finance Ministry, the Petroleum Ministry has mooted this ... More

PHARMACEUTICALS

Big role seen for small pharma cos
IF you thought pharmaceutical giants easily succeed in innovations and that smaller companies find it difficult, think again, says Dr William J. Rutter, Chairman Emeritus of the US major Chiron Corporation and President of Synergenics LLC. Dr ... More

POWER

Generation, distribution infrastructure — BSES to invest Rs 421 cr
BSES Ltd plans to invest around Rs 421 crore on adding distribution and generation infrastructure during the current year. In a presentation made to the Maharashtra Electricity Regulatory Commission (MERC), BSES today said it plans to use ... More

Himachal may lower tariff as Nathpa Jhakri cost comes down
THE Satluj Jal Vidyut Nigam Ltd (SLVNL) is expected to bring down its power tariff from the 1500-MW Nathpa Jhakri Hydro Electric Project in Himachal Pradesh. Speaking to presspersons here on Thursday, Mr Y.N. Apparao, Chairman and Managing ... More

STEEL

Steel prices may be hiked yet again
FACED with rising input and freight costs, domestic steel manufacturers may resort to another round of steel price increase in the near future, possibly next month. "There are signs of it," a senior industry official said today. The extent of ... More

Steel wire makers call for cut in wire rod import duty
THE Steel Wire Manufacturers Association of India (SWMAI), which represents an industry whose combined turnover is pegged at around Rs 4,000 crore, has urged the Government to reduce the import duty on wire rods from the existing 25 per cent to ... More

SSI

More policy measures soon to rev up SSIs
THE small-scale industries (SSI) sector, which has been supplying products worth Rs 1,200 crore to Defence organisations, should increase its share to meet the requirements of the latter, Mr B.S. Minhas, Secretary, Union Ministry of Small-Scale ... More

`Sub-contracting exchanges will help SSIs identify vendors'
THE Chairman of Kanara Small Industries Association (KSIA), Mr Jayaraj Pai, has said that sub-contracting exchanges in Dakshina Kannada district will help increase market opportunities for small-scale industries (SSIs). He was speaking at the ... More

EDUCATION

Focusing on holistic approach to education
GLOBALISATION and technological revolution has had its impact on society. While it's vital to de-stress adults in society, it's equally important to de-stress children too, says Mr Ratnakar Rao, IPS Officer and Adviser to the PMO. He is also a ... More

SBT donation to Kerala varsity

NEWSPAPERS & PUBLISHING

India to become superpower by 2020: Naidu
SUPPORTING the ongoing reform process, the Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, has said that the country is headed towards becoming a developed nation and a superpower by the year 2020, where The Hindu, which is ... More

IPR

Keltron to launch IPR wing

RURAL DEVELOPMENT

Perambalur dist administration initiatives to help SHGs
MADURAI: The Perambalur district administration has initiated a number of measures to assist and encourage self-help groups in the district. According to the District Collector, Mr S. Natarajan, the administration will render financial ... More

Nabard outlay for Tiruchi
MADURAI: The Potential Linked Credit Plan, prepared by the National Bank for Agriculture and Rural Development (Nabard) for the Tiruchi district for 2004-05 has projected a total outlay of Rs 732.42 crore. A sum of Rs 329.42 crore has ... More

EVENTS

Hyderabad engagements

ENTREPRENEURSHIP

Cluster culture — key tool for Italian entrepreneurship
ITALIAN officials joke that they have not been able to produce such entrepreneurial talent as the Tatas or Godrejs. But officials from the Lombardi region will tell you seriously that there are on an average 32 entrepreneurs per square km, and ... More

INCOME TAX

Plan afoot to maximise tax collection
According to highly placed Government officials, there is an urgent need to further strengthen the TDS (tax deduction at source) machinery to plug leakage of revenue and thereby maximise tax collections. More

Corporate assessees can file returns on December 1
CORPORATE and tax audit assessees can file their returns with the income-tax authorities even on December 1. Such returns will be deemed to have been filed by the extended due date, an official release said here on Thursday. The Department had ... More

EXPORTS & IMPORTS

Capital goods import under DFCEC scheme — Software exporters allowed to import only `professional equipment'
SOFTWARE exporters and other service providers have been barred from importing capital goods, other than `professional equipment' specifically required for rendering their service, under the Duty Free Credit Entitlement Certificate (DFCEC) scheme ... More

Tea industry awaits sops for export
A plea has also been made to reduce import duty on tea machinery to five per cent. More

ECONOMIC OFFENCES

Stamp paper scam: How Telgi exploited loopholes
THE assurance held out by the Union Finance Minister, Mr Jaswant Singh, that transactions conducted between 1998 and 2002 which may have involved the use of the fake stamp papers issued by A.K.L. Telgi will be deemed to be valid may allay ... More

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