INDUSTRY & ECONOMY
ECONOMY
Left parties not against reforms, says Bardhan
THE Communist Party of India (CPI) General Secretary, Mr A.B. Bardhan, has said that the Left parties are not against economic reforms. On the contrary, they want reforms, but their sole objective is to ensure that they were based on ...
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Rising income gap heats up US Presidential trail
AT a time when the Republican and the Democratic Presidential candidates are slugging it out on who has the best economic prescription for the country, the fact is that over the last two decades the income gap between ...
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Global sustainable development body chief coming
THE newly-elected Chairman of World Business Council for Sustainable Development (WBCSD), Mr Bertrand Collomb, is scheduled to visit India in November. "He will be hosted by CoRE-BCSD, the Indian affiliate of WBCSD. The idea is to share the ...
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EXCISE AND CUSTOMS
Petro-product duty cuts to be announced today
THE Finance Minister, Mr P. Chidambaram, will announce the excise and customs duty reductions on petro products to mitigate the impact of soaring global crude prices on the domestic consumers and public sector oil companies in Parliament on ...
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FOREIGN TRADE
FIEO exploring trade potential with Uzbek, Kyrgyztan
THE Federation of Indian Export Organisations (FIEO) has launched a major exercise to open up trade possibilities with Uzbekistan and Kyrgyztan in cotton and silk. A four-member FIEO trade delegation is just back from a visit to these two ...
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HEALTH
AIDS body under Ministry scanner — External agency to review performance
THE United Progressive Alliance (UPA) Government has started reviewing the various health initiatives, including the National AIDS Control Organisation (NACO). Senior officials in the Health Ministry said that the Government would appoint an ...
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CGHS cards for retired staff
HYDERABAD: The Central Government pensioners, who have settled in a non-CGHS (Central Government Health Scheme), will now be eligible to obtain a CGHS pensioner card, and avail facilities similar to those while in service. According to ...
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HOTELS
Taj group unveils special Goa monsoon offers
THE Taj Group has announced two special monsoon offers at the Taj Leisure Hotels in Goa. According to an official statement, the `Three for Two' holiday offer and the `Bed and Breakfast' holiday offer are valid till September 30, at the three ...
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PETROLEUM
GAIL acquires 15 pc stake in Natgas of Egypt
GAIL (India) Ltd has informed the BSE that it has acquired a 15 per cent participating interest in National Gas Company (Natgas) of Egypt at a price of $19 million. Natgas is the largest private local distribution company for natural gas in ...
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$700-m Hazira LNG terminal — Shell, Essar lock horns over equity position
The bone of contention is Shell's decision to go solo at Hazira and keep out its bid partner, Essar, from exercising its option to take a 50 per cent equity position in the project.
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GAIL signs pact with prospective LNG customers in Kerala
IN a bid to make the proposed LNG terminal at Kochi a reality, GAIL (India) Ltd has signed `heads of agreements' with prospective customers of gas here on Tuesday. The agreements were signed at a function organised by the Kerala State ...
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PHARMACEUTICALS
Paswan to discuss uniform MRP for drugs with States
AS part of the Government's initiative to work out a uniform maximum retail price for drugs, the Minister for Chemicals and Fertilisers, Mr Ram Vilas Paswan, will meet State Finance and Health Ministers on Wednesday. The meeting will discuss ...
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POWER
`Huge investments needed to meet power shortfall'
KARNATAKA has a shortage of 2,250 MW of power and it is estimated to grow to 5,033 MW by 2011. The peak demand shortfall in the State is at 22.5 per cent and energy shortfall at 9.8 per cent. This shortfall is likely to increase with present ...
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TAXATION
Panel to list out items, applicable VAT rates
THE Empowered Committee of State Finance Ministers on Value-Added Tax (VAT) intends to soon come up with a formal list of items and the applicable VAT rates for the benefit of trade and industry and other stakeholders. States are gearing up to ...
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Revisit education cess: PHDCCI
THE PHD Chamber of Commerce and Industry (PHDCCI) has urged the Finance Ministry to take a relook at the method of calculation of education cess on customs duty. The chamber has sought remedial steps to do away with what it termed as an ...
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TEXTILES
Service tax fears plague powerloom sizing units in TN
Cenvat is gone but a new service tax has brought fear into the hearts of sizing units doing processing jobs for the powerloom industry in Tamil Nadu.
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SSI
GMCI task force to formulate policy measures for SMEs
THE Greater Mysore Chamber of Industry (GMCI) has set up a task force to study the status of small and medium enterprises, suggest measures to the Government to formulate policy prescriptions that identify strategic approach and to identify ...
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WATER
Periyar polluters warned of stern action
THE monitoring committee on hazardous waste set up by the Supreme Court has warned stringent action against industrial units found polluting the Periyar River. On the basis of its preliminary inference that the river is an "ecological disaster ...
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Kodinar plans micro river-linking project
WHAT would it cost to irrigate 10,000 hectares of land and prevent ingress of seawater into agricultural land? Even as the Government toys with a Rs 5,50,000-crore river linking scheme, villagers in this small Gujarat town, made famous by the ...
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Deeper and deeper
Labourers getting into a giant well on a lake bed on the outskirts of Chennai. There was ground water available in the suburbs which, however, are now facing a crisis because of illegal water tapping by private suppliers. ...
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RADIO/TV
BCCI panel defers selection of bidders
THE marketing committee of the Board for Control of Cricket in India (BCCI), which met here on Tuesday, failed to select between the bidders for its cricket telecast rights for the next four years. According to Mr Jagmohan Dalmiya, President of ...
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EDUCATION
XLRI student society to focus on operations management
XLRI Jamshedpur has launched a new student society for industrial and operations management. AXIOM, or Association at XLRI for Industrial and Operations Management, has been flagged off with a one-day workshop. The society would try to focus on ...
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Aptech University plans to set up 50 more colleges
APTECH University plans to set up about 50 colleges across India and abroad in the next five years. The university, which was set up under the aegis of Aptech Education Society (part of the Aptech Ltd, an information technology training ...
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ICFAI varsity V-C named
HYDERABAD: Dr J. Mahender Reddy has been appointed Vice-Chancellor of the Institute of Chartered Financial Analysts of India (ICFAI) University at Tripura. In a release here on Tuesday, the University said Dr Reddy, an alumni of the ...
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INDUSTRY ASSOCIATIONS
Machinery for counterfeit FMCG items seized
COUNTERFEITS and pass-offs continue to trouble the FMCG industry, with the Government estimated to lose close to Rs 900 crore per annum in unpaid excise duty, sales tax and other levies. Disclosing this, the Federation of Indian Chambers of ...
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NEWSPAPERS & PUBLISHING
CNN's 2nd Young Journalist Award
CNN on Tuesday announced the second edition of CNN Young Journalist Award (CNN YJA), this time to include Pakistan with India. The competition is open to journalists between the ages of 22 and 26 years from electronic, online and print media. ...
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RURAL DEVELOPMENT
DoT invites bids for setting up village phones
THE Department of Telecommunications has invited bids from operators to offer Village Public Telephones with support from Universal Service Obligation Fund. Bids have been invited for setting up phone in villages without any public phone facility ...
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EVENTS
Process machinery body to conduct series of workshops in Mumbai
AS part of its ongoing training and promotional activities, the Process Plant and Machinery Association of India (PPMAI) has scheduled a series of programmes in Mumbai. A workshop on `Surface preparation and protective coatings' to be held on ...
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Textile, leather goods show in Dubai from Sept 7-10
INDIAN textiles and leather goods will be showcased at MOTEXHA Autumn 2004, the Middle East's premier trade show for the fashion, textiles and leather industry, which will be held from September 7 to 10 at the Dubai ...
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Stamp on Maran released
A POSTAGE stamp and first day cover to commemorate the former Union Minister for Commerce Murasoli Maran was released here today. The Congress President, Ms Sonia Gandhi, released the stamp and the Lok Sabha Speaker, Mr Somnath Chatterjee, the ...
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Glitter `n' grandeur
The Legislative Assembly building in Hyderabad, which was illuminated on the occasion of the 58th Independence Day, provides a spectacular view at night.
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