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ECONOMY
The reform paradox
CONFUSION continues to reign on whether or not we should use our large forex reserves for infrastructure projects. The pro-investment case is simple. Infrastructure development and improvement is the need of the hour (Morgan Stanley's Chief ... More

States' role vital in fiscal policy, says US official
MR John B. Taylor, Under Secretary for International Affairs, US Department of Treasury, on Tuesday visited the Indian Institute of Management, Bangalore. He was here to participate in a discussion with the faculty of the Institute on `From ... More

ENVIRONMENT
Kerala CM urged to publish report on '99 Sabarimala tragedy
THE Pampa Parirakshana Samithi (PPS), a voluntary environmental organisation, has urged the Chief Minister, Mr Oommen Chandy, to publish the Justice Chandrasekhara Menon Commission report on the death of 52 Sabarimala pilgrims at Pampa on January ... More

FOREIGN TRADE
Morocco invites Indian businessmen
The investment charter framed by the Moroccan Government allows freedom to invest and transfer profits. More

`India, S. Africa may sign preferential trading arrangement'
INDIA is likely to sign a preferential trading arrangement with the South Africa Customs Union soon in order to deepen the mutual trade and investment flows between the two sides. The Union Commerce and Industry Minister, Mr Kamal Nath, ... More

India offers $10-m line of credit to Morocco
THE Export and Import (EXIM) Bank of India has offered to extend an initial line of credit of $10 million to Morocco. Mr Kamal Nath, Union Minister of Commerce & Industry, indicated this at a meeting with the Minister of Foreign Trade of Morocco, More

HEALTH
Kerala to set up institutions for geriatric care
THE State Government is planning to set up several institutions for the care of the aged, the Minister for Education, Mr E.T. Mohammed Basheer, has said. However, efforts by the Government alone are not sufficient, he added. Non-governmental ... More

INFRASTRUCTURE
Kerala: Rs 459 cr to be invested in fast-track projects
VARIOUS agencies undertaking a slew of specific fast-track projects identified by the State Government have decided to commit an investment of Rs 459 crore on these projects. The Airport Authority of India (AAI) and the Thiruvananthapuram ... More

Five SEZ proposals under Govt scrutiny
THE Centre is currently examining the applications for five new special economic zones (SEZs) in the country, the Commerce Secretary, Mr S.N. Menon, said here on Tuesday. Approvals have already been granted for 33 SEZs since the introduction ... More

PETROLEUM
LNG terminals should get infrastructure tag: Shell
ONE of the leading oil companies in the world, Shell on Tuesday asked the Government to accord infrastructure status for setting up LNG terminals to boost investment. The Chairman of Shell India, Mr Vikram Singh Mehta, told newspersons that the ... More

Back in India
The Shell outlet which was opened in Bangalore last week. The company is investing around Rs 250 crore in the first phase for setting up petrol stations across the country. It plans to set up 2,000 outlets. ... More

PHARMACEUTICALS
Medical reps plan rally
HYDERABAD: A massive rally by employees in medical and pharma companies is scheduled be held in Hyderabad on December 13, to raise a series of demands. The rally would see medical and sales representatives from all over the country ... More

POWER
REL arms to invest Rs 3,700 cr in Delhi's distribution circles
THE two Delhi-based power distribution arms of Reliance Energy Ltd (REL) are to invest about Rs 3,700 crore by the end of 2005-06 to strengthen the power distribution network in the Capital. The Chief Executive of the BSES companies, Mr Rakesh ... More

STEEL
VISL seeks inclusion in Rlys' traffic list for priority wagon allotment
KARNATAKA-based Visvesvaraya Iron & Steel Ltd (VISL), a special steel plant under Steel Authority of India (SAIL), has urged the Indian Railways that it be included in the Railways' CBT (Central Board of Traffic) programme at the earliest to be . More

BSP to invest Rs 5,000 cr for expansion, modernisation
AS a part of the total corporate investment planof Steel Authority of India Ltd (SAIL), Bhilai Steel Plant (BSP) will be investing Rs 5,000 crore during 2005-06. According to Mr R.P. Singh, Managing Director of BSP, with this investment, the ... More

TAXATION
Kerala traders plan stir against VAT
THIRUVANANTHAPURAM: The Kerala Vyapari Vyavasayi Ekopana Samithi would take part in the countrywide agitation demanding the repeal of value-added tax (VAT). The Vice-President of the Samithi, Mr K. Hassan Koya, told newspersons here ... More

COAL
Booming business
Smoke and dust billow as blasts are conducted at an opencast mine of Singareni Collieries. Blasting is one of the conventional methods of extracting coal.

More

CARS
JD Power study: Alto tops compact cars category
MARUTI Alto and Esteem, Honda City, Toyota Corolla and Qualis have topped JD Power's initial quality study even as the number of problems reported by owners of new vehicles has increased. Initial quality in the country's automobile industry ... More

GEMS & JEWELLERY
NID plans specialised auto, jewellery design centres
THE National Institute of Design (NID) plans to spread its wings by opening specialised design education centres for the booming automobile, jewellery and animation sectors. "We are working with both the industry and Government to cater to ... More

MEDICAL INSTITUTIONS & HOSPITALS
Govt keen on rating of hospitals, spas
THE Government intends to put in place a system for rating of hospitals, spas and ayurvedic massage centres, the Minister of State for Tourism, Ms Renuka Choudhury, said here on Tuesday. Such a system, which may be on the lines of the rating ... More

INDUSTRY ASSOCIATIONS
Corporates open to sponsoring other Olympic sports, but seek tax sops
MARKSMAN Rajyavardhan Singh Rathore, winner of the silver medal at the Athens Olympic Games, has not yet seen sponsors queuing up. But, Indian cricketers continue to be the favourite among corporate sponsors irrespective of the team ... More

SCIENCE & TECHNOLOGY
`Strong ethical panels needed'
THIRUVANANTHAPURAM: The President of the Indian National Science Academy, Dr M.S. Valiathan, has stressed the need to strengthen institutional ethical committees in research organisations by enhancing their capacity to review and conduct ... More

RURAL DEVELOPMENT
Land distribution will make a difference, says AP Chief Secretary
THE proposed distribution of one lakh acres of surplus land to the landless in the State (to be taken up on the Republic Day next month) is going to make a vast difference in the Naxal-affected areas, according to Mr Mohan Kanda, Chief ... More

Nabard okays Rs 52 cr for Kerala
THIRUVANANTHAPURAM: The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 52.41 crore to the State from its Rural Infrastructure Development Fund X. An official spokesman said here that the amount would be ... More

Computer literacy scheme
KOCHI: Computer education major NIIT and the Rotary District 3200 have joined hands in Kerala to spread computer literacy by training under-privileged youngsters in basic computing skills. NIIT will impart its weeklong `Swift' course to ... More

INDUSTRIAL POLICY
Fresh fiscal sops for SEZs likely by month-end: Commerce Secy
THE Central Government intends to soon introduce fresh fiscal incentives for developers and units in special economic zones (SEZ). These incentives are to form part of a legal package that is likely to be unveiled before the end of the month ... More

EVENTS
INDIA MANUFACTURING EXCELLENCE AWARDS, 2004
The zeal to excel
FROST & Sullivan India Manufacturing Excellence Awards (IMEA) recognises and applauds efforts of companies towards achieving excellent-to-world class manufacturing status. It also recognises excellence in manufacturing More

Awarding managers
GLOBAL growth consulting firm, Frost & Sullivan will be presenting the first edition of its India Manufacturing Excellence Awards (IMEA) at a glittering ceremony on Mumbai on December 8. The event will be showcasing the More

Photonics meet in Kochi from Dec 9
NEST Photonics Pvt Ltd and the International School of Photonics (ISP), Cochin University of Science and Technology (CUSAT), will jointly organise Photonics 2004, the international conference on optoelectronics, fibre optics and photonics in ... More

VAT programme on Dec 11
MANGALORE: The Justice K.S. Hegde Institute of Management, Nitte, will hold an executive development programme on `value-added tax' in Mangalore on December 11. A press release by the Director of the institute, Dr M.S. Moodithaya, said ... More

Pranab to open PHDCCI meet
NEW DELHI: The 99th annual session of PHD Chamber of Commerce and Industry (PHDCCI) is to be inaugurated by the Union Defence Minister, Mr Pranab Mukherjee, on December 10. A release issued by PHDCCI said that the one-day session is to ... More

Top Stories
15.5 pc productivity-linked reward for port workers

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