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Saturday, January 08, 2005

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INDUSTRY & ECONOMY

NRIS


PM urges overseas Indians to invest in India
THE Prime Minister, Dr Manmohan Singh on Friday urged overseas Indians to contribute to the country's investment requirement of $150 billion in infrastructure over the next 10 years. "We need massive investment in infrastructure, both social ... More

LOTTERY


Kerala to ban sale of lotteries from other States
THE Kerala Government will not allow the sale of other state lotteries within the State. The Finance Minister, Mr Vakkom Purushothaman, told newspersons here on Friday that the Government would enforce Section 4 of the Central Lottery ... More

AUTOMOBILES


Bus & Truck expo lines up new offerings
WITH the automotive sector heading for boom times, the Bus & Truck Expo 2005, organised jointly by Andhra Pradesh Expositions (APEX), the marketing arm of Hitex and the Chennai-based Unitech Exhibitions, brought together a host of automotive ... More

ECONOMY


Inflation falls on cheaper fuel, fruits, vegetables
THE annual wholesale price index (WPI)-based inflation fell to a six-month low of 6.39 per cent for the week ended December 25, from 6.5 per cent recorded during the previous week. The fall in the year-on-year WPI rate was largely on account of a ... More

RBI sticks to forecast on growth, inflation
THE Reserve Bank of India is sticking to its forecasts for economic growth and inflation despite the recent rise in prices of sugar and steel, according to Dr Y.V. Reddy, RBI Governor. While there were some price pressures, overall there is no ... More

PM asks industry to get set for lower tariffs
THE Prime Minister, Dr Manmohan Singh, on Thursday asked the National Manufacturing Competitiveness Council (NMCC) to come up with ideas that can help Indian industry in becoming globally competitive and at the same time generate employment in ... More

ENVIRONMENT


Ecological resources damaged in tsunami-hit regions: Report
THE Government has said that the preliminary assessment of the tsunami-affected regions in the country indicate severe damage to some "significant ecological resources". They include mangroves, corals, forests, coastal wetlands, sand dunes, ... More

HEALTH


  • Manmohan to head council on AIDS

    INFRASTRUCTURE


    Karnataka CM seeks more Central funds for infrastructure projects
    THE Chief Minister, Mr N. Dharam Singh's day out of Bangalore has raised hopes of the city's woes of urban infrastructure problems coming to an end. During his visit to Delhi in the last two days, Mr Singh met the Prime Minister, Dr Manmohan ... More

    Govt ready for SEZs in pvt sector: PHDCCI
    PHDCCI on Friday said that the Government has decided to permit setting up of special economic zones (SEZs) in the private and joint sectors and by the State Governments. In a meeting with select group of PHDCCI members, Mr S.N. Menon, Commerce ... More

    PETROLEUM


    India signs pact to import 7.5 mt LNG from Iran
    INDIA on Friday signed a pact to import 7.5 million tonnes of liquefied natural gas (LNG) for 25 years from Iran beginning 2009. "GAIL and Indian Oil Corp have signed an agreement with National Iranian Gas Export Corporation today to import ... More

    IOC, ONGC differ over cross-holdings
    A MAJOR crossfire has erupted between Indian Oil Corporation (IOC) and Oil & Natural Gas Corporation over the issue of cross-holdings. Not seeing eye-to-eye over the future of each other's cross-holdings, IOC has expressed opposition to the ... More

    `Cairn Energy has to pay production cess'
    THE Law Ministry has ruled that Cairn Energy of the UK will have to pay a cess on the crude oil it plans to produce from Barmer district in Rajasthan, setting to rest the dispute over the issue. "Cairn has no choice but to pay the cess when ... More

    Indo-Iran deal: LNG price competitive, say experts
    THE LNG supply price in the Indo-Iran oilfield-for-LNG deal has been described as "fairly competitive" by the power sector generation utilities, especially if the rate stays below $3 per million British thermal units (mmbtu). The deal, which ... More

    PHARMACEUTICALS


    Govt to levy excise on retail prices of drugs
    THE Finance Ministry has decided to levy excise duty on the retail prices of drugs and medicines, but it is not clear if this would result in an increase in drug prices. While the Government said this would lead to rationalisation of tax ... More

    NPPA revises prices of 99 formulations
    THE National Pharmaceutical Pricing Authority (NPPA) has revised/fixed the prices of 99 formulation packs on bulk drugs such as Analgin, Vitamin C/Vitamin E, Amoxycillin + Cloxacillin/Lactic Acid Bacillus, Vitamin A, Ibuprofen and paracetamol, ... More

    Govt plans pharma index to track prices
    TO safeguard against unnatural price hikes of drugs in the post-patent era, the Union Government is looking at the possibility of creating a pharmaceutical price index to track prices. According to senior officials in the Ministry of Chemicals ... More

    POWER


    TNEB to set up new gas-based project
    THE Tamil Nadu Electricity Board plans to set up another 95 MW gas-based power project at Valuthur in Ramanathapuram district. The board has invited bids to set up plant on a turnkey basis. The board has a 95 MW gas-based plant at Valuthur and ... More

    Baglihar project talks fail; Pak threatens to move World Bank
    THE Indo-Pak secretary level talks for ironing out disputes over the 450-MW Baglihar power project failed to reach an agreement on Wednesday with Pakistan threatening to move the World Bank for appointment of neutral experts. India, however, ... More

    WATER


    VMC allocates Rs 100 cr for Godavari water works
    THE Visakhapatnam Municipal Corporation (VMC) has allocated Rs 100 crore in the revised estimates for 2004-2005 for expediting the works to receive Godavari waters and Rs 20 crore for purchasing water from the Visakha Industrial Water Supply ... More

    BREWERIES


    Reform excise policy, Orissa told
    BHUBANESWAR: The All-India Brewers' Association has urged the Orissa Government to introduce various reforms in its excise policy. Low quantity alcohol drinks like beer and wine should be treated differently than Indian made foreign ... More

    EDUCATION


    Delhi Public School Society ready for tie-up with States
    DELHI Public School Society (DPS) is willing to join hands with State Governments to run schools, according to Mr Narendra Kumar, Chairman of DPS. Speaking to newspersons today after announcing the launch of DPS Newtown at Rajarhat, Kolkata, Mr ... More

    REAL ESTATE & CONSTRUCTION


    Real estate cos cashing in on Chennai IT boom
    The advantage that Chennai currently enjoys over Bangalore, Mumbai and Delhi is that land is cheaper. More

    INDUSTRY ASSOCIATIONS


  • FIEO panel to help raise funds

    KNITWEAR & HOSIERY


    Apparel training centre opening in Tirupur
    FOR the Apparel Export Promotion Council, as the export quota management job becomes redundant with the removal of quotas this year, managing apparel training and design centres (ATDC) offers new scope. The sixth ATDC will be set up this ... More

    PAINTS


    3-day meet this month on trends, emerging tech in paint industry
    CHANGING colour preferences of consumers, impact of counterfeits on the paint industry and emerging technologiesare some of the aspects that will be discussed at the three-day Indian Paint Conference and Exhibition to be held in Mumbai this ... More

    SOCIAL WELFARE


    AP chalks out scheme for distributing land to poor
    The Government now proposes to review the existing laws and rules to secure greater access to the land for the poor. More

    EVENTS


    Yale-GLIM Centre to focus on India-centric research
    THE Yale-GLIM Centre for Management Research, which got off to a start at an elaborate function here today, will look to predominantly analyse India-centric data and the academic output generated will be available to relevant Indian industries ... More

    KMML meet to focus on industry and environment
    THE Kollam-based Kerala Minerals and Metals Ltd (KMML) is organising a one-day seminar titled `Coexistence of industry and environment — issues and solutions' in the city on January 10. Announcing this at a press conference in the city ... More

    Essay contest on blood donation
    THIRUVANANTHAPURAM: As part of steps to promote voluntary donation of blood, surgicals major Terumo Penpol is planning to organise an essay competition (either in Malayalam or English) for college students on `Blood, blood everywhere but ... More

    Seminar on reservations
    HYDERABAD: The Indian Institute of Public Administration (IIPA-Andhra Pradesh) and Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) will hold a day-long seminar on `Reservations for employment in private sector' here ... More

    Seminar on VAT
    HYDERABAD: Keeping in view the upcoming Ordinance on value-added tax (VAT), the Federation of Andhra Pradesh Chambers of Commerce and Industry is organising a seminar on `Draft VAT and Rules' here on Saturday. Mr K. Rosaiah, Minister ... More

    Management convention begins on January 21
    WITH the explosive growth in the economy, management professionals in India have to learn to manage the continuous process of growth. The 1990s saw huge innovations and incubations in the US and also in India, followed by growth and value ... More

  • Valedictory address

    NATURAL CALAMITIES


    Rs. 3 crores from `The Hindu Relief Fund' handed over to Jayalalithaa
    Mr N. Ram, Editor-in-Chief of the Hindu Group of Publications, and Mr N. Murali, Joint Managing Director (left), handing over a cheque for Rs 3 crore, collected from readers through contributions to the Hindu Relief Fund, to the Tamil Nadu Chief ... More

    Coast Guard vessel to carry relief supplies to Lanka
    COAST Guard vessel ICGS Samar is to leave from Kochi port for Sri Lanka to distribute relief items in the tsunami hit areas in that country. The relief materials, worth Rs 5 lakh, have been contributed by members of the Confederation of the ... More

    Team to study impact on marine resources
    A SCIENTIFIC team with 12 members from various Central Government agencies and universities has embarked on a 15-day voyage along the eastern and western coasts of the country to assess the impact of the tsunami . A scientific research vessel ... More

    `Quake cover must for cos to claim tsunami damages'
    TSUNAMI may be a household word today, but, a fortnight ago, you might not have heard of it. Neither had many companies. Naturally some of them had not taken insurance cover for the disaster that struck them on December 26. They would still be ... More

    SCR employees contributions to relief
    HYDERABAD: The employees of South Central Railway (SCR) have contributed a day's salary, amounting to Rs 1.56 crore, to the Prime Minister's Relief Fund (PMRF) towards relief work in tsunami-hit areas in the southern coast. Apart from ... More

    Contributions from Velugu
    HYDERABAD: Contributing its mite to tsunami-hit fishermen, Velugu (Society for Elimination of Rural Poverty — SERP) launched a scheme covering 3,067 families, representing 283 self-help groups in 18 villages. Acting on a direction ... More

  • Contributions to The Hindu Relief Fund
  • Meet on disaster management
  • Koodankulam staff gesture

    ALTERNATIVE MEDICINES


    Herbalife begins clinical trials on nutritional supplements
    AIMED at making global consumers more comfortable with its nutritional supplements and give its products portfolio a science-based status, Herbalife International, the US-based $2-billion network marketing company offering a range of weight ... More

    Ayurveda centre opened at Aluva
    KOCHI: The Santhigiri Ecovedic Ayurveda Centre offering treatment for chronic ailments such as back pain, cervical spondylosis, arthritis and migraine, has been inaugurated at the Santhigiri Ashram at Aluva near here. The ashram aims ... More

    TOURISM


    Pondy invites aircraft operators
    THE Pondicherry Department of Tourism has called for expressions of interest from licensed aircraft operators to fly into the Union Territory using the airport facilities there, Mr Chetan B. Sanghi, Secretary (Tourism), said. At present, there ... More

    ECONOMIC OFFENCES


    Stamp papers destroyed
    VISAKHAPATNAM: In adherence with a Government Order, the officials at the sub-registrar's office at Akkayyapalem here on Friday burntnon-judicial stamp papers worth Rs. 11,03,73,500. Mr Narayana Rao, Sub-Registrar, said the Government ... More


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    Top Stories
    Herbalife begins clinical trials on nutritional supplements


    Govt to levy excise on retail prices of drugs

    Tax implications of software sale

    Floaters back in favour with home loan takers

    Ambanis may maintain status quo in face of huge tax incidence

    Mobile subscriber base up 1.9 m in Dec

    Inflation falls on cheaper fuel, fruits, vegetables

    IOC, ONGC differ over cross-holdings

    In Focus

    BHEL Disinvestment
    The Yuan Revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Dec. 26-Jan. 1
    Cipla, Ranbaxy working on anti-AIDS drugs for kids

    `We can meet bulk demands from textile retailers'

    Rise in cashew exports to US

    Economic blockade hits goods transport in Nepal

    Tidal waves leave behind a tale of death & destruction in TN

    RBI package for tsunami-hit States

    Mallya seen gaining ground in liquor industry

    Software exports up 30 pc in first half: ESC

    Steel: Eventful and action-packed year

    Tsunami alert system: DST calls for brainstorming in Jan

    CCEA okays Rs 692-cr expansion plan for NLC

    GAIL to pick up 33% stake in IOC's LNG terminal

    `Tsunami may leave marine species unscathed'

    Tax tribunal Bill provisions draw flak from experts

    Competition intensifies in petroleum retail market

    Will we ever learn?

    Tsunami effect — Close-to-sea land prices may see temporary dip

    Oil firms float fresh tender for ethanol — To meet UP, Uttaranchal requirements

    `Mangroves vital for mitigating impact of disasters'

    `No major cancellations to SE Asia'

    `Potential gains from free trade in textiles meagre'

    `Tsunami impact on marine sector brief'

    External debt rises marginally to $113.6 b — Short-term debt up by 3.9 pc to $6.485 b in September quarter

    Auto components make robust strides


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