INDUSTRY & ECONOMY
EMPLOYMENT
`GDP-led employment growth has lost relevance'
MORE than changes in labour laws, what India now needs is employment growth, especially since the organised sector has not been able to foster employment growth to the desired extent. The changing paradigms in industrial relations will ...
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CLIMATE & WEATHER
Fertiliser sales up despite delayed monsoon
Urea sales have registered an increase of 17.14 per cent and DAP sales 69.77 per cent during the current kharif season.
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ECONOMY
`Govt to take more fiscal measures to ease inflation'
THE Union Finance Minister, Mr P. Chidambaram, has said that the Government, if necessary, would take more fiscal measures to control inflation. Briefing newspersons after the meeting of the Cabinet Committee on Pricing (CCP) here on Thursday, ...
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FERTILISERS
Phosphoric acid shortage may force fertiliser units to cut production
THE country may face a serious shortage of phosphatic and other complex fertilisers in a few weeks. Early this week, the phosphorus-based fertiliser producers informed the Government that they would not be able to continue production since the ...
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INFRASTRUCTURE
`Golden Quadrilateral will be ready by end-2005'
WORK on the Golden Quadrilateral project will be completed by December 2005, according to the Union Minister of State for Surface Transport and Highways, Mr K.H. Muniappa. Addressing presspersons here on Thursday, he said that nearly 75 per ...
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PSU
Ministry plans to move Cabinet for extending purchase scheme
THE Ministry of Heavy Industries is planning to move the Cabinet for extending the purchase preference scheme for public sector units for two years with retrospective effect, according to the Minister for Heavy Industries and Public Enterprises, ...
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PETROLEUM
ONGC hopes to strike gas on East Coast
ONGC, which is exploring for gas in three deep-sea blocks in the KG basin, is expecting to strike a major gas reserve on the East Coast. Addressing a press conference here today, the ONGC Chairman and Managing Director Mr Subir Raha said, "I ...
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TAXATION
Truckers' strike from tomorrow
TRUCKERS and transport operators under the banner of the All India Motor Transport Congress (AIMTC) will go on a nation-wide indefinite strike from August 21 to protest imposition of service tax, the AIMTC President, Mr B.S. Dhumal, said here on ...
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Draft rules on export of taxable services issued
IN keeping with the demand of trade and industry for clarity on what constitutes export of services, the Finance Ministry on Thursday issued draft rules that spell out the meaning of `export of taxable services'. The proposed rules concerning ...
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TEXTILES
Textile trade bodies in consolidation mode
WITH the onslaught of global competition staring it in the face, the disaggregated Indian textile industry is set to present a united front to the outside world. This is at least with respect to the bodies representing it. The Indian Cotton ...
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TYRES
New ATMA chief
EDUCATION
IMT ties up with University of Burdwan
KOLKATA: THE Institute of Management Technology, Ghaziabad (IMT) has entered into a tie-up with the University of Burdwan for exchange of faculty and awarding of degrees in management disciplines by the latter. According to the tie-up, ...
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CARS
Foreign car majors set to wipe off losses soon
Over the last few years, some of these companies have also been setting off part of their accumulated losses against profits thereby shrinking the cumulative loss.
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REAL ESTATE & CONSTRUCTION
Plea to exclude real estate sector from service tax net
THE Confederation of Real Estate Developers' Associations of India (CREDAI) has asked the Government to keep the real estate sector out of the purview of the service tax. "The association has reiterated that real estate development is not a ...
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GOLD & SILVER
INDIA GOLD CONVENTION 2004 A BUSINESS LINE FEATURE
A golden future
Futures trading in gold has taken off very well, thanks to the initiative of the three-nation-wide multi-commodity exchanges. G. Chandrashekhar and Latha Venkatraman survey the scene.
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Gold facts
The US owns the most gold, followed by Germany and the International Monetary Fund. India emerges as the largest repository of gold within the national boundaries, if jewellery is included.
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A safer haven
India's affinity for gold clearly plays out the theory put forward by WGC, that gold is a `safe haven' investment, say Latha Venkatraman and Dhimant Bhatt.
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Spot gold may consolidate
GOLD prices moved higher in reaction to the dollar's slide in the wake of disappointing trade balance data last Friday. The trade gap widened by a surprising 19.1 per cent to a record $55.8 billion, marking the largest one-month percentage ...
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SMALL SAVINGS
EPFO Web site yet to record change of Govt!
ALMOST three months into the job as Union Labour Minister and having chaired four contentious meetings of the Central Board of Trustees (CBT) of the Employees Provident Fund Organisation as its Chairman, Mr Sis Ram Ola is yet to find a place in ...
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TRADE & LABOUR UNIONS
EPF rate cut: Left unions protest today
THE Left and other independent trade unions plan to stage a nationwide protest on Friday while gearing up for an industrial strike to protest against the lowering of interest rate on employees' provident fund (EPF). Trade unions such as CITU, ...
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EVENTS
3-day convention on jewellery evolution
THE Crafts Council of India (CCI) is organising a three-day international jewellery convention called "Grass to Gold" in association with the Office of the Development Commissioner (Handicrafts), Ministry of Textiles. Ms Usha Krishna, ...
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TOURISM
More countries wooing Bollywood to lure tourists
WHAT is the best way to attract tourists from India to their countries? Get the Hindi film industry to use spots there as locations in their films and there can be no better way of promoting tourism. Recently, Singapore - not that it has ...
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S. Africa eyeing India with travel deals
SOUTH Africa, which received about 41,000 tourists from India in 2003, up from 34,000 in the previous year, is looking to further exploit the awareness and interest generated by the cricket World Cup that it hosted in 2003. The South African ...
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7 countries taking part in tourism fair
OVER 200 participants from 22 States and seven countries are participating in the 37th Travel & Tourism Fair (TTF) which was inaugurated here on Thursday by the West Bengal Tourism Minister, Mr Dinesh Dakua. Representatives of the tourism ...
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