INDUSTRY & ECONOMY
ENGINEERING
Coimbatore seeking outsourcing offers in manufacturing
WITH sub-contracting or outsourcing becoming an accepted business strategy not only in the service sector but also in the manufacturing industry, Coimbatore is seeking to become a preferred destination for outsourcing of light engineering ...
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ENVIRONMENT
`Excessive use of chemicals may harm seas, rivers'
THE President of the Indian National Science Academy, Dr M.S. Valiathan, has said that excessive use of chemicals may affect the condition of water in sea and rivers. He was presiding over the inaugural of the national workshop on `Inputs for ...
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FOREIGN TRADE
EC adopts new proposal for trade preferences
THE European Commission has adopted a proposal setting out the details of the EU system of trade preferences (Generalised System of Preferences - GSP) for the period 2006-08, building on the guidelines issued by the Commission in July 2003 as ...
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India-Myanmar task force outlines steps to double trade
THE India-Myanmar Joint Task Force Report has said that bilateral trade could be doubled to $1 billion by 2006 by implementing a slew of measures outlined in the report. Releasing the task force report, the Union Commerce and Industry Minister, ...
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HEALTH
Kaya to be one-stop shop for skincare
KAYA Skin Clinic, a Marico Industries' venture, is all set to evolve into a one-stop destination for all aspects related to skin. The company, which has set up speciality skincare clinics in Mumbai, Delhi and Pune, among other places, is in ...
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`Seek more global funds to fight HIV'
POINTING out the need to increase funds required to fight HIV/AIDS, India has suggested that various countries should form a pressure group to influence international funding at the forthcoming session of the World Economic Forum. Suggesting a ...
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PETROLEUM
`Cutting customs duty to absorb oil price hike won't help'
EVEN as the ruling United Progressive Alliance (UPA) Government is under pressure from the Left parties to slash the customs duty on petroleum crude to absorb the impact of high global prices, the Finance Ministry feels that revenue ...
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POWER
KSEB Staff union hails Minister
THIRUVANANTHAPURAM: The Kerala Electricity Employees Confederation, affiliated to the INTUC, has welcomed the Power Minister, Mr Aryadan Mohammed's directive to the Kerala State Electricity Board (KSEB) to wrap up recruitment of 3,000 new ...
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STEEL
Scrappy business
Processing in progress at an iron manufacturing unit in Thodupuzha near Kochi. Recent restrictions on imported scrap have led to increase in prices of steel products in the range of Rs 500 to 1,000 per tonne. The price of iron scrap in the local ...
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TAXATION
`Special entry tax hurting investments in Karnataka'
A LEADING machine tools unit in the small and medium enterprise (SME) sector has deferred its investment for expansion till the value added tax regime is ushered in next year. Another unit in the sector, with a vendor tie-up for the supply of ...
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Interest waived on property tax in AP
THE State Government has waived interest on arrears in property tax in 113 municipalities, giving a relief of Rs 115.32 crore to over 21.24 lakh taxpayers. Faced with total arrears of Rs 237.71 crore that had placed the municipalities under ...
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SSI
Tie-up with ITC heralds better times for match units
ADVERSITY need not always be a bad thing, as at times it goads you to achieve greater things in life. Sivakasi Nadars, known today for their immense contribution to the fireworks and safety matches industry, inherited a dry, unyielding land ...
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SIDBI launches venture fund for SMEs
THE Small Industries Development Bank of India has launched the SME growth fund, a venture capital fund with a corpus of Rs 500 crore, dedicated to the SME sector. The fund has an eight-year tenor and has been established with the objective of ...
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FOODS & FOOD PROCESSING
`Set up food parks for processed food distribution'
THE Associated Chamber of Commerce and Industry of India has made a suggestion to the Government to set up food parks for the distribution of processed food across the country. According to the chamber, the proposed food parks can also become ...
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REAL ESTATE & CONSTRUCTION
Real estate meet in Bangalore
LEATHER
Commerce Ministry draws up revised plan for leather units
THE Union Commerce and Industry Ministry will place a revised proposal for the integrated programme for development of the leather industry early next month. The programme is due for implementation in the ongoing Tenth Plan period. The ...
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INDUSTRY ASSOCIATIONS
Plea to place NBFCs under DRT purview
THE Associated Chambers of Commerce and Industry of India (Assocham) has urged the Finance Ministry to place non-banking financial companies (NBFCs) under the jurisdiction of the debt recovery tribunals (DRTs). In a statement, the chamber ...
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KNITWEAR & HOSIERY
Unit value of Tirupur apparel exports increases 17.3 pc
THE unit value of direct shipment of apparel exports by the Tirupur knitwear industry during the first nine months of the current calendar year has increased to $2.44 from $2.08 in the corresponding previous period, showing a healthy increase of ...
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BIO-TECH & GENETICS
Bridging science & industry at biotech meet
ICICI Knowledge Park (ICICI KP) is organising a three-day International Knowledge Millennium Conference, IKMC 2004, on `Biotechnology in India: Building Bridge between Science & Industry' from October 31 here, its Chief Executive Officer, Ms ...
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FOREIGN DIRECT INVESTMENT
Telecom: Barriers beyond the FDI cap
India needs huge investments to ensure that the growth rate of the telecom sector does not slacken. Nobody can quibble with this argument. However, the Government does not have with it a single letter from any foreign investor stating that it was or is unwilling to come into the country because of the 49 per cent FDI cap.
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IPR
Patents Bill to provide pre, post-grant opposition options
THE Group of Ministers (GoM) set up to look into the amendments to the Patent Act on Monday resolved some of the contentious issues and has decided to retain both the options of pre-grant and post-grant opposition to patents. The Amendments ...
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EVENTS
XLRI getting big heads together for `Conclave'
`The idea is to bring together a wide range of interests, each represented by persons who are stalwarts in their chosen fields.'
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In Hyderabad today
INCOME TAX
`Extend time for filing I-T returns till Dec'
THE Associated Chambers of Commerce and Industry of India (Assocham) has urged the Government to extend the last date for filing of income tax returns by another two months i.e. to December 31. The chamber is of the view that such a move would ...
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PEOPLE
Elected to IEI Council
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