INDUSTRY & ECONOMY
AUTOMOBILES
Political turmoil, stock markets may dent May auto sales
EARLY reports from car and two-wheeler manufacturers and some dealers indicate that political uncertainty and stock market crash may have caused a dent to car and two-wheeler sales during May. According to reports from the industry, political ...
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COURTS/LEGAL ISSUES
Tackle hartals with a firm hand, Kerala HC tells Govt
If the Government feels that it is unable to give proper protection, it should request the Centre to deploy army or paramilitary forces.
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ECONOMY
Domestic entities warned against misuse of double taxation pact — Cess no bitter pill: Chidambaram
On the imposition of cess on central taxes to fund education, Mr Chidambaram said that he did not see it as a ``bitter pill'' and maintained that the doctrine of proportionality would be applied.
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CMP — will reforms keep the face smiling?
DESPITE the morose greetings by the bourses in the aftermath of the release of the Common Miniumun Programme (CMP), the United Progressive Alliance (UPA) has passed the first critical test of coalition experiment in the unenviable task of ...
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FOREIGN TRADE
Kamal Nath plans to make India global services hub
THE Minister of Commerce and Industry, Mr Kamal Nath, has promised to constitute joint working groups between the Government and the industry. In an interaction with leading members of the services sector, he said the objective was to make ...
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INFRASTRUCTURE
Work on infrastructure, have fabulous future: Immelt
MR Jeffrey Immelt, the Chairman and CEO of General Electric Company, has called for more public investment in infrastructure development in India. "Make infrastructure as good as your people," he said while addressing a meeting of the ...
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Centre promises Rs 12,000 cr to boost Mumbai infrastructure
THE newly formed Government at the Centre has promised Rs 12,000 crore aid to the Maharashtra Government for infrastructure development of Mumbai. The corpus would be utilised over a five-year period, the State Chief Minister, Mr Sushilkumar ...
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PETROCHEMICALS
`New integrated petrochem project to be expedited'
THE proposal of setting up a new integrated industrial estate for chemicals and petrochemicals industry would be speeded up by the new Government. The project would get a fillip with the Government expected to finalise the consultant in about ...
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POWER
Give Electricity Act a chance: Assocham
THE Associated Chambers of Commerce and Industry (Assocham) has requested the Government to give a chance to the Electricity Act 2003 and implement the various provisions of the Act in its true spirit. At a meeting with the Power Minister, Mr ...
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TEXTILES
CBEC bid to ease movement of goods to textile job workers
KEEN on ensuring smooth flow of trade in the domestic textile industry, the Central Board of Excise and Customs (CBEC) has advised its excise commissioners to take a lenient view of any bonafide technical and procedural mistakes in the movement ...
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SITRA undertakes tech viability analysis for debt recast of mills
The association's appraisals would be pre-requisite for the textile units' option for debt recasting.
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COAL
Coal Minister identifies priority areas for action
THE Minister of State for Coal and Mines, Mr Dasari Narayana Rao, has said that his priority would be expansion of existing projects, rapid grounding of new projects, adoption of new technologies, expediting the clearance of pending projects, and ...
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PERSONAL PRODUCTS
Bengal set to challenge southern dominance in synthetic nets
THE dominance of the two southern States in mosquito net manufacture is set to be challenged with units coming up in West Bengal, the main centre of consumption. Sources said that the eastern region is one of the largest users of mosquito nets, ...
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EDUCATION
IIMT Bengal to offer BBA course
THE Institute for International Management & Technology (IIMT) Bengal is launching the School of Management and Entrepreneurship to award BBA Honours degree offered by the Oxford Brookes University. IIMT Bengal was established in 2002 with a ...
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Call to enhance capacity of teachers in higher education
THE Vice-Chairman of the University Grants Commission, Prof V.N. Rajasekharan Pillai, has stressed the need for capacity building of teachers in the higher education sector. Addressing presspersons here, Prof Pillai said that though technology ...
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e-textbooks for Kerala high school students soon
AS part of its efforts to create greater IT awareness among school children in Kerala, the State's Department of Education will soon launch animated e-textbooks, says the latest edition of the Kerala IT Mission newsletter. Developed under the ...
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INDUSTRY ASSOCIATIONS
FAPCCI welcomes CMP
BIO-TECH & GENETICS
Biotech sector on Swiss, OECD investment radar
The SOFI is planning a conference in a biotech park in Zurich in October on `New business opportunities in the Indian biotech sector'.
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Research facility for advanced genomic studies
ENTREPRENEURIAL companies doing high-end research in bio-technology can look forward to tapping research infrastructure being set up in the Capital. The Institute of Genomics and Integrative Biology (IGIB) has partnered with the US-based ...
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SOCIAL WELFARE
Clarification on AP freedom fighters' pension claims
FREEDOM fighters beware! The Union Ministry of Home Affairs says that some `elements' are misleading those who participated in the Hyderabad Liberation Movement with regard to their pension eligibility. In a communiqué, Dr K.S. Sugathan, Joint ...
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SECURITISATION
Receiver taking possession of Mardia factories
THE court appointed receiver has started taking possession of the inventory and factories of the Ahmedabad-based, Mardia Chemicals group which owes banks over Rs 1,400 crore. The court receiver is taking physical possession of the several ...
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EVENTS
In Hyderabad today
ENTREPRENEURSHIP
Indian entrepreneurship on a high
Four companies that recently made it to the billion-dollar club are focussed on a defined course of action, global in outlook, proactive in approach, and meticulous in execution. Representative of the new Indian entrepreneurship, it is their clear vi sion, self-belief, team-based decision-making structures and the ability to learn from their experiences that sets them apart, says Rishikesh Krishnan.
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INCOME TAX
33 pc rise in AP circle I-T collections; online system from June 1
THE Income-Tax Department in Andhra Pradesh circle has registered a 33 per cent growth in overall tax collections for the year 2003-04 as against the all-India average of 28 per cent, recording revenues of Rs 3,822 crore. While projecting a tax ...
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EXPORTS & IMPORTS
Pawar rules out grains export, sugar imports
THE Union Food and Agriculture Minister, Mr Sharad Pawar, has ruled out possibility of export of food grains from the Food Corporation of India's (FCI) stocks or the need to import sugar now. In his first official media interaction here today, ...
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PEOPLE
Sunil Goyal elected to CAPA board
THE President of the Institute of Chartered Accountants of India (ICAI), Mr Sunil Goyal, has been elected member of the board of the Confederation of Asian and Pacific Accountants (CAPA). An ICAI official said that the election took place at ...
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