INDUSTRY & ECONOMY
POLLUTION
Bharat III emission norms to be implemented in 11 cities
TO reduce pollution in the atmosphere, the Automotive Research Association of India (ARAI), Pune, has decided to implement the Bharat Stage III emission norms for gasoline and diesel vehicles in 11 cities across the country. The Bharat Stage ...
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ECONOMY
UP Plan outlay fixed at Rs 13,500 cr
THE annual Plan outlay of Uttar Pradesh for 2005-06 has been determined at Rs 13,500 crore which includes one-time additional Central assistance of Rs 200 crore for tackling special problems and Rs 308 crore of one-time additional market ...
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INFRASTRUCTURE
`FICCI favours use of forex reserves for infrastructural development'
THE new President of the Federation of Indian Chambers of Commerce and Industry (FICCI), Mr Onkar S. Kanwar, sees merit in the Planning Commission's proposal to use forex reserves for domestic infrastructural development. "We support the ...
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Call to use geosynthetics for infrastructure development
GEOSYNTHETIC products have to be used extensively in India too, as in the US and Europe, for infrastructure development. Academic institutions such as the Andhra University have to play a crucial role in disseminating information about the ...
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AP to focus on irrigation, land distribution
THE Chief Minister, Dr Y.S. Rajasekhara Reddy, said that development of towns with the World Bank assistance, grounding of irrigation projects and distribution of land to the landless would be the thrust areas of his Government in the coming ...
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PETROLEUM
Competition intensifies in petroleum retail market
THE struggle for the petroleum retail market is becoming even more intense. Soon after the dismantling of the administered price mechanism (APM) in April 2002, BPCL had launched its branded motor spirit, Speed, coupled with the `Pure for Sure' ...
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L&T looking for overseas buys in offshore oil, gas exploration
AFTER the recent acquisition of 50 per cent stake in Valdel Engineers and Constructors Ltd, L&T is now looking at overseas acquisitions to cement its presence in the engineering business related to offshore oil and gas exploration and ...
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PHARMACEUTICALS
Melting pot of fortunes for pharma cos
THERE has been a spate of international visitors from foreign drug companies prospecting the Indian market. And not without reason. In just a couple of days, India ushers in a new regime that would respect intellectual property rights. Though ...
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POWER
Tata Power not to hike tariff this fiscal
TATA Power Company (TPC) will not increase electricity tariff for its retail and bulk customers in financial year 2004-05. In its annual revenue requirement, which documents the company's proposed income and expenditure for the New year, filed ...
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TAXATION
Central sales tax, additional excise will continue, says Chidambaram
BOTH Central Sales Tax (CST) and Additional Excise Duty (AED) will continue into 2005-06, even after value-added tax is introduced, the Finance Minister, Mr P. Chidambaram, said on Thursday. Speaking at a conference on `State VAT for a common ...
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Tax tribunal Bill provisions draw flak from experts
THE National Tax Tribunal Bill 2004, (for both direct tax and indirect taxes) moved in the Lok Sabha earlier this month, has now been referred to the Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice for a fresh ...
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AP:Industry, trade seek clarification on VAT
EVEN as Andhra Pradesh is contemplating an Ordinance next month to implement VAT (value-added-tax), the industry and business community want the Government to clear the air in regard to some areas that need clarification. The representatives of ...
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TEXTILES
China textile cos have fresh taste of western markets
WESTERN companies on both sides of the Atlantic have greeted the latest decision by the Chinese authorities to self-impose tariff on textile exports with mixed feeling. At best China is seen buying respite from western protectionists but ...
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REAL ESTATE & CONSTRUCTION
Plea to extend FDI norms' coverage in real estate sectors
IN order to modify the guidelines on foreign direct investment (FDI) in development of integrated township including housing and building material, the Minister for Urban Employment and Poverty Alleviation, Ms Kumari Selja, has held a meeting ...
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AITUC insists on EIA for mega housing project near Vizag
THE All-India Trade Union Congress (AITUC) has threatened to move the court, if the AP Pollution Control Board (PCB) does not get an environment assessment study (EIA) conducted before awarding the contract for the mega housing project at ...
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EXPORTS & IMPORTS
O.P. Garg is new FIEO President
NATURAL CALAMITIES
Centre's warning on tsunami creates panic — Home, S&T Ministries send confusing signals
CONFLICTING signals from the Home Ministry and the Ministry of Science and Technology regarding the occurrence of a tsunami calamity along the Southern coast created considerable confusion across the country. Hours after issuing an alert about ...
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`Tsunami may leave marine species unscathed'
THE killer wave, tsunami, which has taken a heavy toll on human lives, may have no adverse impact on marine species and therefore, fisheries may not be directly hit, according to Mr Premchand, Zonal Director of the Fishery Survey of India. In ...
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Kochi port in panic over alert
FEAR and panic gripped the Kochi Port area and its surroundings on Thursday following the warning of another possible tsunami attack, forcing the port authorities to temporarily suspend the port operations for about four hours. The Port ...
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Indian Oil restores refuelling services in Andaman & Nicobar
INDIAN Oil Corporation has bolstered its refuelling services in the tsunami-affected areas of the Andaman & Nicobar Islands. Damaged facilities have been restored and normal fuel supplies were being made to the Indian Air Force, Navy, Coast ...
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Centre plans disaster management authority
The Centre plans to enact a law to set up a disaster management authority that can provide immediate assistance in the event of a natural calamity, the Home Minister, Mr Shivraj Patil, said on Thursday. ``Such an authority will spell out what ...
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All bank branches to receive donations
IN a bid to facilitate donations to the Prime Minister's National Relief Fund (PMNRF), the PMO has asked all branches of commercial banks to receive such donations. It has also nominated a nodal branch of such banks in New Delhi for collecting ...
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AP to seek Rs 314 cr for relief measures
THE Andhra Pradesh Government would be seeking Rs 314 crore assistance from the Centre for providing relief and rehabilitation to the victims of Sunday's tsunami that claimed the lives of 104 people in the State. The Chief Minister, Dr Y.S. ...
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Mumbai fest postponed
MUMBAI: The Mumbai Festival, originally scheduled to start on January 7, has been postponed as a mark of respect to the victims of the recent tsunami tragedy. The new days for the festival will be announced shortly, a statement from the ...
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Sify setting up outlets in tsunami-hit areas
SIFY Ltd is establishing Internet centres at the tsunami-affected areas of Cuddalore, Nagapattinam, Kanyakumari, and Chennai in response to the need for reliable communications between these areas. These will offer free Internet access ...
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Tanking no chances
Following alerts of another tsunami wave lashing the coast on Thursday morning, police cordoned off all the roads leading to the beach in Chennai and also asked people living near the coast to move to safer places. This picture shows a crowd ...
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World Vision India to provide Rs 9-cr relief aid
WORLD Vision India, a relief and development organisation, plans to disburse aid worth Rs 9 crore to the victims of the tsunami waves, and has chalked out a two-phase strategy for disbursement. The first phase will meet the immediate needs of ...
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Seized with panic
Anxious people gather on the Visakhapatnam beach on Thursday, as TV channels beamed news of another tsunami threat.
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