INDUSTRY & ECONOMY
PENSION PLANS
Bill soon on independent pension regulator
THE proposed Pension Fund Regulator and Development Authority (PFRDA) may soon become a reality. The Government on Monday said that it would introduce suitable legislation in Parliament to provide a regulatory framework for the new pension ...
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COURTS/LEGAL ISSUES
Medico-legal case screening
THIRUVANANTHAPURAM: The Indian Medical Association (IMA) and the Consumer Coordination Council (CCC) have resolved to develop a dispute settling mechanism for medico-legal complaints. Under the evolving dispensation, a committee of ...
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ECONOMY
Anti-inflationary steps — 4 more commodities under scanner
AFTER duty cuts on petro-products and steel and the 50-basis-point hike in the cash reserve ratio stipulation for banks, the Government has now brought four more commodities under its anti-inflationary scanner: polymers, sugar, edible oils and ...
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ENVIRONMENT
Brick kiln owners seek waiver of fly ash norms
THE Southern Regional Brick Manufacturers' Association has sought exemption from the compulsory mixing of fly ash with mud for making bricks. The Association President, Mr Yasin Mohammed, in a memorandum to the Tamil Nadu Chief Minister, Ms J. ...
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FERTILISERS
Fertiliser body sees higher demand this fiscal
THE Fertiliser Association of India (FAI) has projected a higher demand for fertilisers this year compared to the previous fiscal, despite the general perception that the floods and droughts during the current fiscal will result in relatively ...
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HEALTH
Scissors on smoking scenes likely
AUDIENCES who joyfully applauded when Tamil filmactor Rajnikanth flipped his cigarette in the air before lighting it up may not have the pleasure of viewing such stunts. For, if the Health Ministry has its way, images of leading characters ...
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INFRASTRUCTURE
Creation of task force urged for industrial development in Kerala
THE Kerala State Small Industries Association (KSSIA) has suggested formation of a high-level task force to co-ordinate and monitor various departments that are involved in the industrial development of the State. The Chief Minister should ...
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PETROLEUM
Truckers' strike hits petrol, diesel sales
THE nationwide transporters' strike that began on August 17 affected retail sales of diesel and petrol across the country last month leading to a -3.1 per cent fall in overall sales of petroleum products in August 2004. Diesel sales were hit ...
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HPCL, BPCL pay dividends to Govt
HINDUSTAN Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd today handed dividend cheques of Rs 276.92 crore and Rs 228.39 crore respectively for 2003-04 to Petroleum Minister Mr Mani Shankar Aiyar. HPCL had paid an interim ...
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Modi invites oil MNCs to set up base in Gujarat
GUJARAT has invited petroleum sector multinationals to set up base in the State and announced that it would set up a Special Economic Zone for the oil sector. The announcement regarding the proposed SEZ was made on Monday by State Chief ...
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POWER
Sical sets up subsidiary to handle TNEB contract
SOUTH India Corporation (Agencies) Ltd has set up a subsidiary, SICAL Logistics Ltd, for exclusively handling a coal-handling contract from the Tamil Nadu Electricity Board (TNEB). In February 2002, SICAL, part of the M.A. Chidambaram group, ...
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AP CM's fiat to Transco
HYDERABAD: The Chief Minister, Dr Y.S. Rajasekhara Reddy, has directed the officials of the Transmission Corporation of AP (APTransco) to set right all distribution lines across the State on a war-footing, in view of reports that improper ...
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STEEL
Govt favours seven task forces for steel sector
THE UPA Government's penchant for setting up task forces and core groups appears to be overwhelming. For the steel sector alone, it wants to set up more than half-a-dozen task forces and another core group. According to the Draft National Steel ...
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TAXATION
Indirect tax collections up 9.5 pc in April-Aug
THE Centre's indirect tax collections have increased by 9.5 per cent during the first five months of the current fiscal at Rs 59,452 crore compared with Rs 54,292 crore achieved in the same period last year. While customs collections during ...
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`Soft' campaign to collect tax arrears
THE Finance Ministry has launched a multi-media campaign that seeks to send a signal to the citizens of the country that the Revenue Department is "friendly to the taxpayer" and that the taxes should be paid without any fear of the tax ...
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Interest rate lowered on delayed payment of service tax
INTEREST rate on delayed payment of service tax has now been pegged at 13 per cent a year , which is a tad lower than the 15 per cent rate that prevailed prior to the recent enactment of the Finance Act 2004. The Centre had through the Finance ...
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Invoices made mandatory for taxable services
This regulatory requirement also applicable to the "input service distributors", whose meaning has now been spelt out in the Cenvat Credit Rules 2004 issued by the Finance Ministry on September 10.
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RADIO/TV
Cricket rights: Zee to announce decision today
THE board of Zee Telefilms Ltd (ZTL) met on Monday to decide on making a fresh bid for the rights to telecast cricket matches to be held in India but the company did not reveal the outcome of the meeting. The company will make its decision ...
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EDUCATION
No tobacco sale near schools
FOLLOWING a ban on sale of tobacco products to minors and smoking in public places, the Health Ministry has recently notified prohibition on sale of cigarettes and tobacco products around educational institutions. According to the rules, the ...
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Dr Reddy's signs MoU with BITS
DR Reddy's Laboratories Ltd has announced that at the convocation for its employees, 51 of them were awarded MSc in Pharmaceutical Chemistry by the Birla Institute of Technology and Science (BITS), Pilani. In a press release here on Monday, ...
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Doctoral programme in nursing
THIRUVANANTHAPURAM: The State Government has given its nod to the nursing college attached to the Medical College here for the introduction of a doctoral programme with assistance from the World Health Organisation (WHO). Announcing ...
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MEDICAL INSTITUTIONS & HOSPITALS
New cancer hospital coming up in Pune
PUNE will soon be home to the largest cancer hospital in the country with the Grant Medical Foundation's Ruby Hall clinic starting work on the project. The Rs 42-crore project is being undertaken with part sponsorship by Pune businessmen Mr ...
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GMC golden jubilee fete begins today
THE alumni of Gandhi Medical College have decided to set up an educational centre on the new campus of the college-hospital here on the occasion of its golden jubilee. The alumni have already raised $2,50,000 for the purpose. "We will raise ...
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REAL ESTATE & CONSTRUCTION
Air India board okays plan to sell New Mumbai apartments to staff
THE Air India board on Monday decided to sell some 500 apartments located at Nerul in New Mumbai to its employees. These flats, meant as living quarters for its employees, were lying vacant for the past five years. According to company ...
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INDUSTRY ASSOCIATIONS
Nasscom raps Karnataka for hiking sales tax
THE National Association of Software and Service Companies (Nasscom), the grouping for software firms, has criticised the Karnataka Government's move to hike sales tax on IT products from seven to 12 per cent, earlier announced in the State ...
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Pvt sector investors evince interest in coastal SEZ
SEVERAL private sector developers and investors have shown interest in investing in the coastal Special Economic Zone (SEZ), according to the President of the Kanara Chamber of Commerce and Industry (KCCI), Mr R.D. Kini. "Now that a decisive ...
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SCIENCE & TECHNOLOGY
Lunar mission not abandoned: ISRO chief
THE Chairman of the Indian Space Research Organisation (ISRO), Dr G. Madhavan Nair, has announced that ISRO has not abandoned its lunar mission. Instead, he said, the first phase is planned for 2007-08 with an investment outlay of Rs 380 ...
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MINERALS
Plea against iron ore export
MADURAI: The Tamil Nadu Viswakarma Kaivinaignargal Sangam, through a resolution in a meeting held in the city recently, has urged the Government to desist from export of iron ore immediately, as the livelihood of 12 lakh workers are ...
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RURAL DEVELOPMENT
Bridging the chasm
A new bridge over a rivulet at Viramalapalem near Rampachodavaram, the agency area at East Godavari district, has provided better connectivity to the tribal hamlet with the main road. Integrated Tribal Development Agency has constructed the ...
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AP Govt plans rural employment through Khadi Corporation
THE State Government is contemplating to promote Khadi and Village Industries Corporation (KVIC) on a large scale, to generate employment to the rural masses, especially among women classes, the State Minister for Mines and Geology, Ms P. Sabita ...
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EVENTS
Engineers Day tomorrow
THIRUVANANTHAPURAM: The Kerala State Centre of the Institution of Engineers (India) will celebrate the 37th Engineers Day at a function here on Wednesday. Announcing this, a spokesman of the centre said here that Mr K. Divakaran ...
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In Hyderabad today
EXPORTS & IMPORTS
Export facility withdrawn
THE Reserve Bank of India has discontinued the facility for realisation and repatriation of full value of goods or software exported to Latin American countries within 360 days with retrospective effect from September 1, 2004. This facility ...
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SBT gold card for exporters
STATE Bank of Travancore has introduced a gold card scheme for exporters to make available export credit on more attractive terms. Exporters, including those in the small and medium sectors, with a proven track record of three years and above ...
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TOURISM
Oberoi, Kuoni to train Mumbai policemen on tourism beat
HERE is a private sector initiative to train the police force to ensure safety and security of tourists. The thrust is to make tourists feel at home in a big city such as Mumbai. Oberoi Hotels and Resorts, along with leading tour operator ...
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TRENDS
Plea to ban fowl slaughter in sectoral grids in Chandigarh
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