Financial Daily from THE HINDU group of publications
Saturday, November 29, 2003
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Kannur district joins `deficient rain' list
THE current lean phase of the northeast monsoon that extended through the week ending November 26 saw Kannur joining Kozhikode in the list of districts recording `deficient' rainfall during the two-month-long season beginning October 1. The ... More

PENSION PLANS


EPFO trustees seek to scrap minimum age for pension
A SECTION of the trustees of the Employees' Provident Fund Organisation (EPFO) is keen on doing away with the minimum entitlement age for receiving pension in the country. These trustees are planning to suggest scrapping of the provision in the ... More

EXCISE AND CUSTOMS


`Excise duty cut can lift PC sales'
THE Government should reduce excise duty on personal computers (PCs) from the current 16 per cent to eight per cent and allow 100 per cent depreciation in order to help boost PC penetration in the country, according to a report by Skoch ... More

`Excise dispute settlement panel working well'
THE Customs and Central Excise Settlement Commission has been able to dispose of nearly 50 per cent of the applications received so far for settlement. The panel was introduced in the Finance Act of 1998 to speedily settle long-pending customs ... More

FOOD & DAIRY PRODUCTS


Rising wheat prices may spell end of party for biscuit cos
HARDENING wheat prices have resulted in user industries, including big names such as Britannia, HLL, Parle, Priya Gold and Cremica, pressing the panic button. The estimated Rs 4,300-crore organised biscuit industry, which was particularly on a ... More

FOREIGN TRADE


EU must engage with new India: Sinha
TERMING India as the "happening place", the External Affairs Minister, Mr Yashwant Sinha, on Friday called upon the European Union (EU) to recognise this and engage with the new India. Delivering the inaugural address at the fourth India-EU ... More

`Latvia can serve as gateway to tap EU markets'
LATVIA, because of its strategic geographical location could become a gateway for Indian businessmen to the European Union (EU) and the Commonwealth of Independent States (CIS), Mr Ainars Slesers, Deputy Prime Minister of Latvia, said here on ... More

Multilateral pacts have priority over RTAs: EC
THE European Commission (EC) on Friday stressed that multilateral agreements should have priority over any bilateral or regional trading agreements (RTAs). Mr Richard Carden, Special Adviser to the Directorate General of Trade, EC, said in ... More

Bilateral trade treaties posing threat to vanaspati, plastic industries
THE recent bilateral trade treaties by India with neighbouring Nepal and Bhutan have posed a serious threat to industries such as vanaspati and plastics in the eastern region, particularly West Bengal. Unless corrective measures are taken by ... More

HEALTH


GEAC allegations over Shankinase — Shantha Bio says it followed procedures
SHANTHA Biotechnics Pvt Ltd on Friday asserted that it has followed full regulatory procedures as specified by the Department of Biotechnology (DBT) in getting its recombinant clot-buster drug - Shankinase - approved for clinical trials and ... More

Lab at your doorstep
TAPPING an interesting business opportunity, a city-based diagnostic services firm has launched `Diagnostics @ur Doorsteps' which seeks to offer some key diagnostic services to the old, paralytic, pregnant women and patients who are ... More

  • AIDS awareness rally

    PETROLEUM


    To curb adulteration of diesel — Govt to control kerosene import, bans private firms
    THE Government on Friday decided to ban import of kerosene by private companies in a move to curb adulteration of diesel. Under the new dispensation, kerosene can be imported only through State trading enterprises - Indian Oil Corporation ... More

    PHARMACEUTICALS


    Prices fixed for 19 pharma formulations
    THE National Pharmaceutical Pricing Authority (NPPA) has fixed or revised the prices of 19 formulation packs, of which ceiling prices have been fixed for the first time for 15 ciprofloxacin formulation packs. Ciprofloxacin is an antibiotic and ... More

    Pharma cos urged to cut prices for Govt AIDS programme — Announcement likely on Sunday
    IF you can bring down the price of anti-AIDS drugs to $140 per year for the former US President, Mr Bill Clinton, what can you offer the Indian Prime Minister?" That is the question the Union Health Minister, Ms Sushma Swaraj, is said to have put ... More

    POWER


    LNG to Kayamkulam plant — NTPC bids to ink pact with KSIDC
    NATIONAL Thermal Power Corporation (NTPC) has proposed to sign an MoU with the Kerala State Industrial Development Corporation (KSIDC) to make the latter the nodal State Government agency to handle issues relating to infrastructure development ... More

    Subhas Projects forms business unit for power
    SUBHAS Projects and Marketing Ltd (SPML) has formed a strategic business unit (SBU) for bagging and executing orders on power sector projects under the Centre's reform programme. The decision is in line with SPML's decision to give a thrust to ... More

    SSI


    `Small, medium scale units crucial in supply chain'
    FLEXIBLE labour relations and balanced wage rates are the critical factors for the success of small and medium scale enterprises, said Dr Asim Dasgupta, West Bengal Finance Minister. He was inaugurating the third annual conference on corporate ... More

    Two Microsoft products for small businesses
    MICROSOFT Corporation India on Friday announced the launch of two products aimed at small and medium businesses here. Microsoft Office 2003 Small Business Edition and Microsoft Windows Small Business Server 2003 have been created after seeking ... More

    Defence majors eyeing SSIs to outsource components
    THE Defence sector equipment manufacturers are looking towards small-scale industries (SSIs) to outsource components. Of the more than 100 stalls set up at the national exposition on outsourcing and vendor development, Kanara Industrial ... More

    WATER


    Naidu seeks time to respond to TN request for water
    THE Tamil Nadu Chief Minister, Ms J. Jayalalithaa, today requested the Andhra Pradesh Government to release about 3 tmc feet of water from the Telugu Ganga project to meet drinking water requirement of Chennai city. After a meeting with the ... More

  • Kerala: Water level declines marginally in reservoirs

    RADIO/TV


    Niche channels to jostle for viewer attention
    IF you are interested in history, horse racing or gardening, you might just be able to catch these on a whole range of specialist channels eyeing the Indian market. Last week, Cartoon Network launched another kids' channel, POGO, now National ... More

    Govt irked by Trendz TV content
    AFTER ensuring that French fashion channel, Fashion TV (FTV), alters its programming to suit Indian sensibilities, the Government has trained its guns at rival channel, Trendz TV, asking it to stop airing objectionable content. Sources in the ... More

    EDUCATION


    Over 100 varsities to take part in `Education Worldwide' expo
    IN February, over 100 universities across the world will participate in an education fair in Bangalore, Mumbai and New Delhi. Apart from the educational institutions, other participants at the exhibition would be service providers in the area, ... More

    MEDICAL INSTITUTIONS & HOSPITALS


    SIS software for US hospitals
    HYDERABAD: Surgical Information Systems, LLC (SIS) has announced that SSM Health Care (SSMHC), a major health care system in the US, has selected the SIS Peri-operative information system and will integrate 15 hospitals across Missouri, ... More

    Joys Hospital opens new unit
    KOCHI: Dr Joys Hospital, which introduced painless labour for the first time in the State, will open a new facility at Kochi on Sunday as part of its expansion plans. The hospital is meant exclusively for women and children and will be ... More

    REAL ESTATE & CONSTRUCTION


    Tamil Nadu Chamber urges for more sand sale points
    THE Tamil Nadu Chamber of Commerce and Industry has pleaded for setting up additional sand quarrying and sale points to rejuvenate construction activities in Madurai district. In a statement here, Mr S. Rethinavelu, Chamber President, has ... More

    BIO-TECH & GENETICS


    Focus on genetic literacy, RGCB told
    THE Rajiv Gandhi Centre for Biotechnology (RGCB) here has been asked to focus on aspects of genetic literacy for the farming community, social sustainability of new technologies and their economic significance. This was stated here by Dr Manju ... More

    SCIENCE & TECHNOLOGY


    Bright future ahead for composite tech
    COMPOSITE materials and related technologies have just about begun to impact the world in a big way. Given the potential of these technologies, composite materials and products made out of them and services can do to India what IT services have ... More

    DISINVESTMENT


    Divestment Ministry says no to dissolving IOC cross holdings
    THE Ministry of Disinvestment has said that Indian Oil Corporation (IOC) should not be allowed to sell its stake in GAIL (India) Ltd and Oil and Natural Gas Corporation (ONGC) since the Government has not yet decided on the strategic sale of the ... More

    WTO


    EU strategy paper to relaunch Doha talks
    On agriculture, in which India expressed its displeasure over the EU-US joint proposals pre-Cancun, the strategy paper of the EU says the EU has adjusted its position just in the course of one year from its offer of substantial cuts in the amber box to the acceptance of disciplines over the blue box. More

    RURAL DEVELOPMENT


  • Credit plan for Sivaganga

    EVENTS


    World Day of Disabled
    THIRUVANANTHAPURAM: The Vocational Rehabilitation Centre for Handicapped (VRCH) under the Union Ministry of Labour and the Kerala State Handicapped Persons' Welfare Corporation Ltd will be jointly celebrating the World Day of the Disabled ... More

  • Hyderabad engagements

    INCOME TAX


    Submissions of transaction details to I-T dept — Coimbatore bankers in cleft-stick
    BANKERS here are in a fix, caught between the taxman and the regulator, the Reserve Bank of India. While the taxman has issued an ultimatum to the branch managers for submission of details of transactions as required under Section 139 (A) of ... More

    EXPORTS & IMPORTS


    Soyameal exports face wagon hurdles
    "We are facing problem in despatching consignments especially to Kandla and Gandhidham." More

    TOURISM


    Chinese team seeks relaunch of air link to boost tourism
    THE Yunnan Development Research Centre (YDRC), leading a high profile 9-member Chinese trade mission to West Bengal, today hinted at plans for resumption of charter flights for tourism purposes between Yunan, located in South-East China and the ... More

    Sahara to make Sundarbans global tourist destination
    THE Sahara group today signed a Memorandum of Agreement (MoA) with the West Bengal government for implementing a tourism project in the Sundarbans that with make it a global destination. Talking to reporters after the signing of documents at ... More

    STANDARDS & BENCHMARKS


  • ISO certification programme

    BOOKS


    `Select Essays on Indian Economy'
    Dr C. Rangarajan, Chairman, Twelfth Finance Commission, Dr Bimal Jalan, MP, Rajya Sabha and former Governor of RBI, and Dr Y.V. Reddy, Governor, RBI, releasing a book tittled `Select Essays on Indian Economy' written by Dr Rangarajan in the ... More
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    Mid-Term Monetary and Credit Policy for the year 2003-2004

    Pick a Winner Stock Market Contest

    Top Stories
    Rising wheat prices may spell end of party for biscuit cos


    Chinese eyeing a slice of India's fast-food pie

    EU must engage with new India: Sinha

    Soyameal exports face wagon hurdles

    Pharma cos urged to cut prices for Govt AIDS programme — Announcement likely on Sunday

    Sensex crosses 5000 as bull run continues

    In Focus
    Housing finance scenario
    Insurance Round-up — 2003
    Rising intolerance
    (The Hindu)
    Vaishnavaite Temples in Tamil Nadu
    (The Hindu)
    Saivite Temples in Tamil Nadu
    (The Hindu)
    Organic farming
    The Cable tangle
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    In Depth
    Insurance Corner
    Swati CA
    Simple Economics
    Slowburn
    Tax Talk
    NRIs & Investment Avenues
    Iraq Diary

    Looking back
    Nov. 16-Nov. 22
    `Favourable climate for pharma mergers & acquisitions'

    Gem & jewellery exports up

    Tax benefits: It's win-win for Gujarat, Reliance

    Govt, pharma cos to discuss AIDS drugs price-cut today

    April-Oct service tax revenue falls short of target by Rs 900 cr

    Export growth on course, says Jaitley

    Who rules the automobile market really?

    Scope for more pharma exports — India-Africa Health Summit today

    EU lifts embargo on Indian sweatshirts

    Spurt in cotton yarn prices leads to export slowdown

    New grain export policy gets mixed response

    Privatisation: Perils of dithering

    Service tax liability for distributors — AMFI seeks UTI help to study Finance Ministry circular

    Stamp duty rates for property transactions cut in TN


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