The Hindu Business Line : Thursday, July 29, 2004

ANTI-DUMPING
Dumping duty on nylon tyre cords from China
THE Finance Ministry has imposed provisional anti-dumping duty on all imports of nylon tyre cord fabric (NTCF) from China. The anti-dumping duty of $0.69 (Rs 31.96) per kg will also be applicable on NTCF from China and exported to India from ... More

BUDGET
Trading charges
Members of the Confederation of All India Traders demonstrating outside the residence of the Delhi Chief Minister, Ms. Sheila Dikshit, against the State budget proposals, in the Capital on Wednesday. ... More

ECONOMY
Kerala sets growth rate at 6.5 pc
The credit-deposit ratio improved from 48 per cent to 51 per cent. This is proposed to be revised upwards to 60 per cent in the current financial year. More

FERTILISERS
CCEA decision on fertiliser subsidy hike soon
THE Cabinet Committee on Economic Affairs (CCEA) is to take up shortly the thorny issue of a Rs 1,200-crore increase in fertiliser subsidy for the current fiscal. The substantial hike in subsidy is on account of cost increases in the production ... More

FOREIGN TRADE
Exim Bank mulls new LCs to S. Asia
EXIM Bank of India is expected to launch new lines of credit (LC) this year to boost exports to South Asian countries and China. The quantum of the new LC will be in the order of $300 million, said Mr S. Sridhar, Executive Director, Exim ... More

HEALTH
Heart patients' plea to AP govt
HYDERABAD: The Society for Human Awareness and Rural Development (SHARD), an NGO, has appealed to the State Government to announce a special package to help out people suffering from heart diseases. "A couple of hospitals handling heart ... More

INFRASTRUCTURE
Perumbavur to have new shopping mall
THE Minister for Local Administration, Mr Cherkalam Abdulla, will lay the foundation stone for the vegetable market-cum-shopping complex at Perumbavur on July 31. The Rs 3.7-crore project is proposed to be completed within one-and-a-half ... More

PETROLEUM
BPCL to invest Rs 1,200 cr to make Euro-IV fuel
BHARAT Petroleum Corporation Ltd (BPCL) plans to invest Rs 1,200 crore towards producing auto fuel compliant with Euro-IV emission norms. The refinery is currently undertaking expansion of the refinery capacity to 12 million tonnes. "The ... More

PHARMACEUTICALS
New Pharmexcil ED
THE Pharmaceutical Export Promotion Council (Pharmexcil) has announced that Dr P.V. Appaji has assumed charge as its new Executive Director here on Wednesday. Before this, he was the Director of the National Pharmaceutical Pricing Authority ... More

POWER
Govt sure of achieving power generation target
THE Ministry of Power is confident that the Tenth Plan target of an additional power generation capacity of 41,000 MW will be achieved. The Secretary to the Ministry of Power, Mr R.V. Shahi, said that 36,000 MW of generation capacity had ... More

Directive to KSEB
THIRUVANANTHAPURAM: The Lok Ayukta, Mr K. Sreedharan, has directed the Kerala State Electricity Board (KSEB) not to disconnect electrical connections for non-remittance of bill amounts shown in the bills issued after the fixing of ... More

STEEL
DEPB sops for steel exports revoked from July 12
THE Directorate General of Foreign Trade (DGFT) on Wednesday clarified that the suspension of Duty Entitlement Pass Book (DEPB) benefits for steel exports that was revoked on July 12 this year will have only prospective effect and not ... More

TEXTILES
Technical textile trade wants special sops to meet $20-b output target
PLAYERS from the technical textile industry on Wednesday sought a comprehensive policy package from the Government for achieving a production target of $20 billion by the year 2020. Technical textiles are used by defence, automobile, ... More

Combined heat-power plant mooted for Tirupur cluster
THE Textile Ministry's Textiles Committee and Ecosmart, the environment services body floated by IL&FS, will initiate a dissemination meet in Tirupur on Thursday on the feasibility of a combined heat and power (CHP) plant. The focus will be on . More

EDUCATION
New site for Chennai maths institute
THE Chennai Mathematical Institute, an autonomous institute for teaching and research in mathematics and computer sciences, is to get a new campus at Siruseri on Old Mahabalipuram road. According to a press note from the institute, the 5-acre ... More

Dutch body joins Round Table in building schools
SUPPORTING the cause of education for children taken up by the Round Table India, a group of Dutch Round Tablers have embarked on an adventurous road journey with their families and friends. According to the representative of Netherlands ... More

Syndicate Bank gesture for AP student
HYDERABAD: Syndicate Bank has come to the aid of a needy student by providing her the finances to join BITS Pilani to pursue a Chemical Engineering course. The bank sanctioned Rs 3.8 lakh at very low interest as educational loan to ... More

TWO/THREE WHEELERS
Poor monsoon may haunt two-wheeler industry
A GROWING perception that inadequate monsoon could have impact on two-wheeler volumes saw investor interest moving away from counters such as Hero Honda and Bajaj Auto in the recent past. Brokers said the stock prices of these two companies have ... More

FOODS & FOOD PROCESSING
Integrated food law soon: Sahay
THE Government said on Wednesday it is working towards the formulation of an integrated food law and a single regulatory entity for the food processing sector. Exhorting the industry to become competitive so as to face global challenges under ... More

REAL ESTATE & CONSTRUCTION
South City (Kolkata) gets high Crisil rating
CRISIL has assigned a PA2 rating to South City Projects (Kolkata) Ltd, the company that is developing a group of four 30 storey-plus towers, the tallest in the eastern part of the country. The rating indicates that the company's ability to ... More

TEXTILE MACHINERY
Mumbai to host India-ITME fair
THE seventh India International Textile Machinery Exhibition, India-ITME 2004, showcasing the latest textile machinery, will kick-off in Mumbai this December. Nearly 425 domestic companies and 300 foreign firms are expected to participate in ... More

SCIENCE & TECHNOLOGY
IICT (Hyderabad) scientist bags award
HYDERABAD: Dr Umesh C. Kulshrestha, Scientist, Analytical Chemistry Division, Indian Institute of Chemical Technology (IICT), Hyderabad, has been awarded the Council of Scientific Industrial Research (CSIR) 2004 Young Scientist ... More

RURAL DEVELOPMENT
Maharashtra spending less on tribals
YEAR after year Maharashtra spends much less than the accepted norm of nine per cent on tribals and tribal areas. That perhaps is one reason for the continued neglect of the tribals and tribal areas where malnutrition deaths of children and poor ... More

EVENTS

In Hyderabad today

INCOME TAX
I-T Dept may wield survey powers to widen tax base
FACED with the diktat from the Finance Minister, Mr P. Chidambaram, to go after non-salaried tax evaders, the Chief Commissioners of Income-Tax (CCITs) have hit upon the idea of utilising the powers of survey under the I-T law as an effective ... More

ECONOMIC OFFENCES
House committee to probe Nizam Sugar Factory deal
The Government has received complaints that DPM is violating the provisions of the joint venture agreement. More

Kerala: Town planner held for graft
THIRUVANANTHAPURAM: The Vigilance Department has registered a case in the Special Court here against the former Chief Town Planner, Mr P. Ramachandran, accusing him of having amassed wealth totalling Rs 47.53 lakh, which was ... More