INDUSTRY & ECONOMY
ECONOMY
TN annual Plan outlay fixed at Rs 9,100 cr
THE annual Plan outlay for Tamil Nadu for 2005-06 has been fixed at Rs 9,100 crore, against the current fiscal outlay of Rs 8,001 crore. This includes Rs 100 crore for one-time special assistance for special programme. The annual Plan size for ...
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April - Oct fiscal deficit declines
THE Centre has restored a semblance of control on its finances, with the gross fiscal deficit during April-October 2004 at Rs 62,135 crore, being 27.7 per cent lower than the corresponding figure of Rs 85,978 crore for the first seven months of ...
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EXCISE AND CUSTOMS
Refining of edible oil does not attract excise duty: SC
REFINING of vegetable oil, which was edible oil even prior to refining, does not amount to manufacture and, hence, does not attract excise duty that can be levied on manufacture of refined oils, the Supreme Court has held. Disposing of a civil ...
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FOREIGN TRADE
French insurance agency keen to set up shop in India
COFACE, the French export credit insurance agency, is eyeing the vast and emerging Indian market and is keen to set up shop in the country to facilitate risk-free export transactions, provided the UPA Government modifies the sectoral entry ...
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HEALTH
AIDS vaccine trials in India likely next year
THE AIDS vaccine trial, slated to start in India early next year, is set to be a benchmark of sorts for vaccine trials in the country, especially with regard to volunteer safety. The India-specific vaccine, being developed by the International ...
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DFID to step up funding for AIDS control schemes
THE Department for International Development (DFID) of the UK is in the process of finalising plans to increase its funding from £250 million to £300 million for AIDS control projects within the next three years as a part of the UK Government's ...
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PETROLEUM
GAIL in talks for stake in China Gas — Plans Rs 2,000 cr investments in Russia
GAIL (India) Ltd is in talks to buy minority stake in the Government-owned China Gas Holding Company for setting up city gas distribution grid in Beijing and other Chinese cities. Mr Prashanto Banerjee, Chairman and Managing Director, GAIL ...
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Oil import bill balloons 56 pc
INDIA'S crude oil import bill has jumped 56.3 per cent to Rs 71,578 crore in first seven months of this fiscal on the back of a steep rise in international crude oil prices. India spent Rs 71,578.86 crore on importing 57.67 million tonnes of ...
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PHARMACEUTICALS
Patents Bill likely to be introduced in Parliament amid protests
FROM signature campaigns to protest marches and "gheraos on Parliament" to vigils at Indian embassies abroad — The Patents (Third) Amendment Bill is set to elicit all of the above reactions, with the Bill slated to be introduced at the ...
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POWER
Investment decisions — Reliance Energy to consult RIL
The REL board requested the six directors who had resigned to reconsider their decision.
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CESC in talks to raise funds for Budge Budge project
WHILE clearance of Central Pollution Control Board is still awaited, CESC Ltd is holding negotiations for lining up a Rs 700-crore credit for the proposed 250MW third unit at Budge Budge power station. The company is also expecting to arrange ...
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Transco plans 4 pc tariff cut for HT-I industrial units
THE Transmission Corporation of Andhra Pradesh (APTransco) has sought a reduction in the tariff of HT-I industrial category by 4 per cent in its proposals for the year 2005-06. On the other hand, the power utility proposes to increase the tariff ...
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TAXATION
States demand 50 per cent share in service tax kitty
THE State Governments on Tuesday demanded a 50 per cent share in the proceeds from service tax currently being levied and collected by the Centre. As of now, 70 services attract service tax at the rate of 10.2 per cent, with 29.5 per cent of the ...
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Penalty notice for service tax defaulters
THE Finance Ministry said that it has given instructions to central excise and service tax commissioners for issuing notices to service providers rendering taxable services relating to marriages and not paying service tax on the full value of ...
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WATER
KMML plans to set up desalination plant
The total cost of the project is estimated at Rs 50 crore approximately.
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EDUCATION
Future Schools signs pact with US-based society
THE International Society for Technology in Education (ISTE) and Future Schools Foundation, Chennai, have entered into an agreement to improve teaching and learning with the effective use of technology for teachers at the district, State and ...
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Visvesvaraya Tech varsity, UGS sign pact
UGS, a provider of product lifecycle management (PLM) software and services, announced its strategic relationship with Visvesvaraya Technological University (VTU) on Tuesday to set up PLM labs at affiliated engineering colleges of VTU across ...
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INDUSTRY ASSOCIATIONS
Remove cap on exports, urge rubber merchants
THE Cochin Rubber Merchants Association (CRMA) has urged the Union Government to allow unrestricted exports of natural rubber with full cash incentives to keep the nation's presence felt in the international market. The CRMA President, Mr N. ...
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HUMAN RESOURCES
CII-TN to take up profiling of students
THE Confederation of Indian Industry - Tamil Nadu (CII-TN) plans to take up profiling of students to make the recruitment process easier for its members. CII-TN will carry out this exercise in Coimbatore and offer the database to its ...
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EVENTS
Pravasi Bhartiya Divas to be held in Mumbai from Jan 7
BANGLADESH, Pakistan, Sri Lanka and Nepal have not been included for country representations in the third Pravasi Bhartiya Divas (PBD) programme on account of political concerns in the South Asian region, said Mr S. Krishna Kumar, Secretary, ...
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Architectural expo in Kottayam
KOTTAYAM: An exhibition, 'Architectural World 2005' sponsored by Indian Institute of Architects (IIA), Kottayam centre, in association with Showindow, an event management company based in Kochi will be inaugurated here on January 13. ...
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NGRI seminar from tomorrow
HYDERABAD: The National Geophysical Research Institute (NGRI), here is organising `Hazards 2004', the 10th international symposium on natural and human induced hazards from December 2 to 4. Simultaneously the Third Workshop of the ...
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IIT alumni to hold meet in Delhi
ABOUT 5,000 current and former students of the seven Indian Institutes of Technology (IITs) from around the world will meet in Delhi for a conference and exhibition on December 24 and 25. The event, being organised by PanIIT, a global IIT ...
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In Hyderabad today
EXPORTS & IMPORTS
Kamal Nath to meet export promotion councils on Dec 11
THE Union Commerce and Industry Minister, Mr Kamal Nath, has convened a meeting on December 11 with all export promotion councils, commodity boards and other outfits concerned to push the country's exports, which are already on an upswing, to ...
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