INDUSTRY & ECONOMY
EMPLOYMENT
Shinde `open' to job reservation in Maharashtra private sector
THE Maharashtra Chief Minister, Mr Sushil Kumar Shinde, has assured members of a CII delegation that it was open on the issue of reservation of jobs. The delegation, according to a CII press release, met Mr Shinde regarding the January 29 ...
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CLIMATE & WEATHER
Asia in `potential path of 100-year flood'
THE Asian continent may bear the brunt of the potential flood hazard, which is expected to affect the lives of an estimated two billion people worldwide by the year 2050. A United National University study would attribute the `calamitous ...
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BUDGET
Nasscom for exemption of excise duties on computers
THE National Association of Software and Services Companies (Nasscom) has called for complete exemption of excise and customs duties on computers in order to increase computer penetration. Sales to educational institutions, gram panchayats and ...
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CEMENT
Cement sector to seek lower excise rates
THE Indian cement industry, which is faced with one of the highest excise duty incidence among domestic product categories, also pays the highest tax as compared to its counterparts worldwide. The industry, in its wishlist for the forthcoming ...
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CONSUMER ELECTRONICS
`Retail network of VCD/DVD players widens'
THE number of retail outlets selling standalone VCD/DVD players in the country has jumped from around 7,000 in 2000 to over 56,000 in early 2004, an increase of nearly 700 per cent. The increase has also meant that there are now more outlets ...
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ENVIRONMENT
Guidelines sought on joint mangrove management in AP
THE Swaminathan Research Foundation wants the Union Government to formulate clear policy guidelines on joint mangrove management (JMM), along the lines of joint forest management (JFM), to involve the local communities in mangrove conservation ...
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EXCISE AND CUSTOMS
Remove excise duty on refined edible oils: SEA
THE Solvent Extractors' Association of India (SEA) has urged the Union Government to remove excise duty on refined edible oils. "While rest of essential commodities are exempted from the excise duty, refined edible oil is being singled out and ...
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IVOPA seeks 85 pc duty on palmolein
THE Indian Vegetable Oil Processors Association (IVOPA) has sought an increase in Customs duty on refined palmolein from the existing 70 per cent to 85 per cent, along with the imposition of a five per cent special additional Customs duty (SACD) ...
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HEALTH
Cashew axed from FDA list of `health' nuts
THE US Food and Drug Administration has excluded cashew from the select list of nuts that can reduce the risk of heart diseases. The health aspects of these nuts can be displayed on packaged labels. The FDA, which has just approved the first ...
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PETROLEUM
UPA agrees on marginal hike in petrol, diesel prices
PETROL and diesel prices could go up by about Rs 1-1.50 per litre from June 16, with nearly all constituents of the ruling United Progressive Alliance (UPA) Government agreeing to a marginal increase in prices. The Union Cabinet is likely to ...
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PHARMACEUTICALS
Pharma cos cash in on stress-related ailments
LIFE-STYLE related chronic ailments due to stress may be taking a toll on the present generation, but pushing drugs to tackle these ailments is a focus area for pharmaceutical companies. The segment, which mainly includes anti-diabetes, cardiac ...
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POWER
Bengal SEB revenue needs slashed 30 pc
THE revenue requirement of the West Bengal State Electricity Board (WBSEB) has been slashed by nearly 30 per cent by the West Bengal Electricity Regulatory Commission (WBERC) in its tariff order for 2004-05. One of the reasons behind ...
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Light, at last!
No more use of candle and UPS for this young man as the State Government has decided to withdraw the 30-minute load-sheddingfrom Tuesday. Good rains in the catchment areas of the hydel projects have raised water levels appreciably. If the rains ...
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RADIO/TV
Pakistani serial may soon be aired on Indian channels
7th Sky Entertainment Pvt Ltd, a Pakistani television production house, is in talks with two Indian broadcasters, Zee TV and Sahara Manoranjan - to find a slot for its 52-episode serial titled Ana (The Ego). In the new era of satellite ...
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Star to distribute UHE's proposed kids' channel Hungama TV
UNITED Home Entertainment (UHE) on Monday signed an MoU with Star India Pvt Ltd to distribute the former's proposed television channel for children, Hungama TV. UHE was jointly floated by UTV and Mr Ronnie Screwvala, CEO - UTV, to roll out the ...
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EDUCATION
`MBA offers high return on investment'
THE rate of return on investment in an MBA course is fabulous, and made up the difference between the salaries that a new incumbent earns after passing out with an MBA degree and what one would have received had one gone to job market after ...
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These NRIs are back to serve the cause of education in Karnataka
THE cause of education binds them together. Though their overall objective was to harness their resources and experiences gained from their stint abroad to help in other social upliftment programmes, the Returned NRI Association (RNRI) aims at ...
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Chaitanya Bharathi plans tie-ups
CARS
Car sales rise 9.88 pc in May
A TOTAL of 60,618 cars were sold in May, showing a 9.88 per cent increase as compared with sales of 55,165 units in the same month in 2003. Bus and truck sales registered a 50 per cent growth in sales at 23,432 units against 16,626 units in ...
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INDUSTRY ASSOCIATIONS
PHDCCI plea on transfer of assets between group cos
THE PHD Chamber of Commerce and Industry (PHDCCI) has suggested that any transfer of assets between group companies in a bona fide worldwide restructuring exercise should not trigger the transfer pricing regulations of the country. In its ...
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SCIENCE & TECHNOLOGY
NAG test-fired successfully
INDIA has successfully test fired the world's most advanced third generation anti-tank guided missile (ATGM) — NAG and thus joins a select group of countries.Defence scientists achieved a direct hit of a target placed at a distance of two ...
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WTO
Move to educate WTO on merits of `negative list'
INDIA would strive to educate other members of the World Trade Organisation (WTO) to accept and adopt the concept of "negative list" in services negotiations, a senior Commerce Ministry official has said. A large number of member countries of ...
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SOCIETY & DEVELOPMENT
In Kerala, kids are just lucky
LAST Saturday, June 12, was designated the `World Day Against Child Labour' by the International Labour Organisation (ILO) to focus world attention on the urgent need to eradicate child labour. No one can quarrel with that lofty aim, for the ...
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INCOME TAX
After disallowance under Sec 80HHC — Exporters hit by `astronomical' tax notices from I-T Dept
SMARTING under problems caused by the depreciating dollar, fierce international competition and shrinking margins, Indian exporters are now hit by a spate of tax notices from the Income-Tax Department. "Astronomical tax demands have been ...
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EXPORTS & IMPORTS
Exim Bank inks $10-m line of credit with Unibanco
THE Export-Import (Exim) Bank of India has signed an agreement with Uniao De Bancos Brasileiros (Unibanco) to provide a line of credit of $10 million to finance India's export of equipment, goods and services to Brazil. Mr P. R. Dalal, General ...
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PEOPLE
Nalsar chief gets extension
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