INDUSTRY & ECONOMY
COURTS/LEGAL ISSUES
Kerala aims at law department modernisation, networking programmes
THE State Government has drawn up four projects aimed at modernising the functioning of the Law Department through induction of technology. Announcing this to newspersons here, the Law Minister, Mr K.M. Mani, said that the first phase of the Rs ...
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ECONOMY
Delhi's annual Plan fixed at Rs 5,100 cr
THE annual Plan for Delhi for the next fiscal has been fixed at Rs 5,100 crore here at a meeting between the Chief Minister, Ms Sheila Dikshit, and the Deputy Chairman, Planning Commission, Dr Montek Singh Ahluwalia. In his remarks, Dr ...
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ELECTRONICS
Help to meet EU fiat on hazardous substances
UNDERWRITERS Laboratories, an independent quality conformity assessment agency, has launched a new programme to help organisations meet the European Union's Restriction of Hazardous Substances (RoHS) directive for electronics manufacturers. The ...
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EXCISE AND CUSTOMS
Centre may effect upward revision in Customs duty target
ENCOURAGED by the general buoyancy in Customs duty collections in the current fiscal, the Finance Ministry is mulling an upward revision in Customs duty collection target by about Rs 2,000 crore. The budget estimate for Customs duty during ...
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FERTILISERS
Fertiliser association seeks exemption under VAT regime
THE Fertiliser Association of India (FAI) has said that if the Government wants to reduce fertiliser subsidy Bill, it should come out with a rationalised hydrocarbon policy without further delay. The high prices followed by steep periodical ...
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FOREIGN TRADE
India, France agree to expand trade
INDIA and France have agreed to take concerted steps to expand and diversify bilateral trade and investment to make ample use of the economic complementarities and the abounding business opportunities between them. A joint statement issued at ...
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PETROCHEMICALS
Polymer prices fall further
DECLINING international crude oil prices led to polymer prices in the country falling further for the second time in nine days. Polymer producers slashed prices of polyethylene further by Rs 3 a kg to Rs 56.70. Polypropylene prices were down ...
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PETROLEUM
BPCL-KRL merger: ICICI Securities, N.M. Raiji to carry out due diligence
ACCOUNTING firm N.M. Raiji & Co and ICICI Securities have been mandated to conduct the due diligence for the merger of Kochi Refineries Ltd with Bharat Petroleum Corporation Ltd. N.M. Raiji & Co will do the due diligence of Bharat Petroleum f
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Indo-Norwegian oil projects get a boost
INDO-NORWEGIAN collaborative research projects have got a boost, with Norway providing funds worth 50 million Norwegian kroner (Rs 35 crore) over a five-year period. About 20 scientific projects would be taken up, according to Mr P.L. Narayana, ...
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PHARMACEUTICALS
Draft notification on standardisation of drugs issued
THE Ministry of Health and Family Welfare today issued a notification to amend Schedule M to the Drugs and Cosmetics Act to achieve uniform standardisation and production of quality drugs. This pertains to Good Manufacturing Practices and ...
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STEEL
Metaljunction aims to make BPO its mainstream business
IN pursuance of its objective to emerge as a BPO company in the steel sector, Metaljunction Services Ltd (MSL) - the public limited avatar of the erstwhile MetalJunction.com Pvt Ltd - will offer end-to-end solutions for collection and sale ...
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TAXATION
Tax tribunal to have powers to regulate own procedures
THE proposed National Tax Tribunal (NTT) would have the power to regulate its own procedures. It would be guided by the principles of natural justice and not be bound by the procedures laid down by the code of civil procedure, 1906, according to ...
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TEXTILES
Powerloom weavers seek lowering customs duty on raw cotton
THE Powerloom Development and Export Promotion Council (PDEXCIL), the facilitation body for the decentralised powerloom weavers, has asked the Finance Ministry to lower the customs duty levels on raw cotton and cotton yarn to ensure that the ...
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NTC mills to be modernised
THE National Textiles Corporation (South Maharashtra), which is running the Finlay's pure cotton mills, is confident of mobilising Rs 1,100 crore needed for clearing debts and modernising its nine mills, according to its Chief General Manager ...
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RADIO/TV
TRAI widens eligibility norms for community radio
IN an attempt to popularise community radio in the country, the Telecom Regulatory Authority of India (TRAI) has widened eligibility criteria, relaxed licensing conditions, permitted advertising and news and current affairs programmes on these ...
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EDUCATION
Purdue varsity chief in Bangalore to meet alumni
THE President of Purdue University has visited India covering the three cities of Bangalore, Mumbai and New Delhi to meet with the alumni and the parents of current students. Purdue is one of the largest universities in the US, with more than ...
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TEXTILE MACHINERY
European textile machinery makers see dwindling demand from China
ASIA continues to be the top export destination for European textile machinery manufacturers. However, demand from China, which was until 2003, its top textile machinery importer, is dwindling drastically. According to Mr Ragnar Strauch, ...
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SCIENCE & TECHNOLOGY
Plumbing the seabed to tap raw energy reservoir
EVEN as they scan the Space to track down an assured source for supplying quality power to the mission-critical requirements of the digital economy, scientists are plumbing the depths of the sea in the hope of tapping an as yet untamed reservoir ...
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AP forensic lab to be revamped
THE Andhra Pradesh Home Minister, Mr K. Jana Reddy, has agreed to approve a plan for restructuring the Andhra Pradesh State Forensic Laboratory (APSFL). "Just send the proposal and the Government would okay the restructuring required in terms ...
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Kerala to use satellites to track smugglers
THIRUVANANTHAPURAM: The Forest Minister, Mr K.P. Viswanathan, has said that his department is probing the possibility of using satellite technology to check sandalwood smuggling and ganja cultivation. The Minister told newspersons here ...
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SOCIAL WELFARE
Kerala to offer all essential commodities thru PDS
`The objective of supplying rice, wheat and sugar through the PDS is to ensure food security. We are trying to change this concept to nutritional security.'
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RURAL DEVELOPMENT
Insurance cards for SHGs in Mangalore
MANGALORE: The South Canara District Central Cooperative (SCDCC) Bank Ltd, in association with Navodaya Gram Vikas Charitable Trust, will distribute Chaitanya insurance cards to the members of Navodaya self-help groups (SHGs) in Mangalore ...
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EVENTS
ISB leadership meet planned on Dec 10
THE Indian School of Business will host the India Leadership Summit on December 10. Speakers cutting across business streams will interface with students of the class of 2005 on managing current day business challenges. Mr Srinivas Shenoy, ...
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Engagements
In Hyderabad today
BEARINGS, CASTINGS & FORGINGS
`Govt should promote foundry clusters'
The industry was clocking an annual growth of 11 per cent in India while the global foundry output `is levelling off'.
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