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Thursday, June 03, 2004

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INDUSTRY & ECONOMY

ACCIDENTS
IBS Software to market accident management tool
ABSENCE of inter-governmental agreements on sharing information on accidents may just have ambushed a Thiruvananthapuram-based software company's plans for marketing its accident management product internationally. Called GeoKAMS ... More

BUDGET
CGA deficit figures lower than `revised estimates'
THERE is something to cheer on the fiscal front, with the Centre's fiscal and revenue deficit for 2003-04 turning out to be much lower than the `revised estimates' released at the time of presenting the Interim Budget on February 3. As per the ... More

'Bring farm I-T under Union List'
THE Institute of Chartered Accountants of India (ICAI) has suggested that the power to tax income from agriculture could be put in the Union List and the Central Government may be empowered to levy and collect the tax on agricultural income. ... More

CONSUMER ELECTRONICS
`Price fall spurs sale of consumer goods'
THE consumer durables industry growth rate in production has been more in terms of volume rather than value for a number of products, according to a Federation of Indian Chambers of Commerce and Industry (FICCI) survey. "This has happened due ... More

ECONOMY
Urbanisation: UN report portrays the failure of govts
THE only assertion that can be made with any degree of confidence about elections in India is that it is the poor voter - and not the upper or middle class one - who makes and breaks governments. And yet, successive governments in India ... More

Traditional sector to top Kerala Govt's priority list
THE State Government has decided to bring back agriculture and the traditional sector to the top of its agenda, the Chief Minister, Mr A.K. Antony, said. Addressing newspersons after a Cabinet meeting here on Wednesday, Mr Antony said the ... More

Plan panel worried over lack of core team
WITH the United Progressive Alliance (UPA) Government set to unveil the 2004-05 Union Budget soon, the Planning Commission, headed by the Prime Minister, Dr Manmohan Singh, as its Chairman, appears to be dithering over appointing a helmsman and a ... More

ENVIRONMENT
UNEP study on pollution of seas, oceans
EYEING the shark fin soup entry in the menu of the five-star hotel serving coastal delicacies? Then stomach this first - as many as 100 million sharks are killed annually for their meat and fins used for the soup and hunters typically catch ... More

Clean Kerala mission
THIRUVANANTHAPURAM: The Local Administration Minister, Mr Cherkalam Abdullah, has inaugurated the new office and Web site of the Clean Kerala Mission. The mission was set up by the State Government to coordinate operations for the ... More

EXCISE AND CUSTOMS
Excise hike on ATF, duty cut on LPG, kerosene mooted
THE Petroleum Ministry has informally sounded the Finance Ministry for raising the excise duty on Aviation Turbine Fuel (ATF) from 8 per cent to 16 per cent. In return, it has sought a reduction in excise duty on LPG and kerosene from the ... More

Online filing of excise returns from June 30
COME June 30, manufacturers of excisable goods, export-oriented units and registered dealers can electronically file their monthly/quarterly excise returns. The facility of e-filing of excise returns would be available, for the present, only ... More

PETROCHEMICALS
Reliance raises petrochem prices
RELIANCE Industries Ltd has raised prices of its polymer, polyester and fibre intermediate products for June in line with rising international petrochemical prices. The price of polymers polyethylene and polypropylene was up three per cent ... More

PETROLEUM
UAE to raise oil output
THE UAE will increase oil output by 4,00,000 barrels a day this month to meet the increasing demand and to cool down tensions in the international market for global economic stability, the UAE Minister of Petroleum and Mineral Resources, Mr Obeid ... More

PLASTICS
ICRA calls for dereservation of plastic industry
On the growth rate too, ICRA expressed concern, saying that the growth rate may be slower at between 8 and 10 per cent per annum over the medium term. More

STEEL
VSP staff get assurance on wage arrears
THE Union Steel Minister, Mr Ram Vilas Paswan, has agreed to clear the wage arrears (3 years) to the Visakhapatnam Steel Plant staff at the earliest and has also promised to visit the plant shortly, according to Mr M. Rajasekhar, General ... More

TAXATION
TN: Plea for service tax relief
MADURAI: An appeal to remove the maintenance and repair services from the purview of service tax has been made by the Tamil Nadu Weights and Measures Manufacturers, Dealers and Repairers Association, here. In a letter addressed to the ... More

SSI
`Match-making' meet for Kerala SMEs planned
TAKING a step or two further from the business-to-business (B2B) meet held last year, the Kerala Industries Department, it is learnt, is firming up plans to hold a "match-making" convention for the small and medium enterprises in the State. The ... More

WATER
Rainwater pits to be sunk in Thiruvananthapuram
THIRUVANANTHAPURAM: The Thiruvananthapuram City Corporation is preparing to take up a project to construct 20,000 rainwater pits within city limits. The project is being implemented as part of the World Environment Day celebrations on ... More

COAL
`Politics behind move to shift CIL headquarters'
THE issue relating to shifting of Coal India Ltd's (CIL) head office from the city to Ranchi has not been taken "seriously" by head office executives and employees because they feel that the move initiated by the new Coal and Mines Minister, Mr ... More

REAL ESTATE & CONSTRUCTION
Rise in Chennai land cost may tell on construction
THE increase in land cost in the city, especially on the Old Mahabalipuram Road (OMR), might lead to a slow-down in the construction industry, which has just recovered from the setback in the mid-1990s, fear market sources. One reason for the ... More

Mirror on the wall
Glass houses such as this one in suburban Thrissur are fast becoming a common sight in Kerala. Even old traditional houses are being remodelled and renovated with reflective glass fixed in fabricated aluminium frames. Availability of such `fancy' ... More

LEATHER
Leather exporters in eastern region diversifying into other segments
LEATHER exporters from the eastern region are now branching out to other product segments, diversifying from leather goods and gloves, their main areas of strength. Most of the sectors dealing with leather, have registered a growth rate of 100 ... More

BIO-TECH & GENETICS
FDI for biotech sector among Sibal's priorities
ON the new agenda of Department of Science and Technology (DST) is attracting foreign direct investment (FDI) to the biotech sector, spelling out a biotech policy and lessening the regulatory shackles on the sector. "I want to attract ... More

SOCIAL WELFARE
Integrated plan to tackle child labour in AP
THE State Government is planning to rope in 34 different departments and non-Governmental organisations in an attempt to eliminate child labour in the State. An exclusive cell, Child 3RC Cell (Child Rights, Release, Rehabilitation and ... More

RURAL DEVELOPMENT
Six banks to back Kudumbashree housing scheme in Kerala
SIX leading banks have extended support to the Kerala State Poverty Eradication Mission's (Kudumbashree) `Bhavanashree' micro housing initiative. Bank of India, Canara Bank, Central Bank of India, Indian Bank, State Bank of India and State ... More

EVENTS

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  • Top Stories
    ICICI Infotech launches ERP package for SMEs


    Online filing of excise returns from June 30

    Jan-April tea output declines to 127.2 mkg

    `Price fall spurs sale of consumer goods'

    Urbanisation: UN report portrays the failure of govts

    Looking back
    May. 23-May. 29
    Business confidence up, says NCAER survey

    Merlion India Fund bullish on FMCG sector

    HPC employees hail Alliance's decision on divestment

    Quota for milk powder, maize import hiked

    Tea exports to Pak may touch 25 mkg in 2 years

    `Exim Policy will focus on simplified procedures, cut in transaction costs'

    Top priority to petrol, diesel price revision

    EEPC pegs export target at $11.5 b

    Maran promises relook on FDI in telecom — Rules out privatisation of BSNL, MTNL

    Rlys to make bio-diesel viable — Trains to run on vegetable, used frying oil

    Rising prices in global markets — Oil companies' loss put at Rs 3,000-cr in two months

    Balaji Tele to boost regional sponsored programmes

    Pawar rules out grains export, sugar imports

    Indian entrepreneurship on a high

    Receiver taking possession of Mardia factories


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