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Monday, January 17, 2005

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INDUSTRY & ECONOMY

EMPLOYMENT


YSR okays Rs 616-cr job plan for youth
THE Chief Minister, Dr Y. S. Rajasekhara Reddy, has endorsed a Rs 616-crore proposal for providing employment to one lakh youth during 2005-06. Reviewing the State Government's `Rajiv Yuva Shakti' programme with the Minister for Youth ... More

BUDGET


Montek meets Chidambaram on Plan-related Budget issues
IN the run-up to the 2005-06 Union Budget, the Deputy Chairman of the Planning Commission, Dr Montek Singh Ahluwalia, on Saturday met the Union Finance Minister, Mr P. Chidambaram, and held discussions on "Plan-related Budget issues." Speaking ... More

ECONOMY


Good tidings for the New Year
AFTER the terrible impact of the tsunami on the lives and livelihoods of a significant section of Kerala's population, it is difficult to be overly cheerful about how this year is going to turn out. However, surprisingly enough, some recent ... More

EXCISE AND CUSTOMS


Govt may expand coverage of drawback scheme
THE forthcoming Union Budget may see announcements relating to the expansion of the existing drawback scheme. An exercise is currently under way in the Finance Ministry to expand the scope and coverage of the drawback scheme. The scheme ... More

HEALTH


Medical devices testing centre at Sree Chitra Tirunal Institute
THIRUVANANTHAPURAM: A national testing centre for ensuring the quality of medical equipment will soon be set up at the bio-medical engineering wing of the Sree Chitra Tirunal Institute for Science and Technology (SCTIMST) at Poojappura ... More

INFRASTRUCTURE


AP wants ICC complex to be completed by year-end
WITH Hyderabad being chosen as the venue of the Asian Development Bank, the Finance Ministers' annual conference to be held in May 2006, the State Government is making every effort to ensure that the Rs 900-crore Integrated Convention Centre ... More

PETROLEUM


Time to restructure oil PSUs, says PM
THE Prime Minister, Dr Manmohan Singh, on Sunday said the Government was looking at the possibility of restructuring of the oil PSUs on a priority basis, with a view to making them globally competitive. "We can no longer be complacent and ... More

Coal India to sign pact with ONGC
COAL India Ltd (CIL) has agreed to join hands with ONGC to establish " in situ" coal gasification projects. An MoU for this is under formulation under which, both organisations will have equal participation both in terms of investment and ... More

Saudi Aramco makes a pitch to be crude supplier
THE company that holds a quarter of the oil reserves in the world and accounts for 12 per cent of global production, Saudi Aramco, on Sunday made a strong pitch to be a crude oil supplier of choice to India. Speaking at Petrotech 2005, the ... More

PHARMACEUTICALS


AIDS activists concerned over drug prices post-patent
Medicines supplied by Indian drug majors had been a lifeline not just for HIV/AIDS patients in the country, but more so in African countries like Nigeria. More

TAXATION


Chidambaram to release white paper on VAT today
THE Union Finance Minister, Mr P. Chidambaram, is to release on Monday a `white paper' on the proposed value-added tax (VAT) regime that is expected to replace the sales tax system from April 1. The Empowered Committee of State Finance ... More

KCCI urges VAT education
MANGALORE: The Kanara Chamber of Commerce and Industry (KCCI) has requested the Union Government to educate people from the trade and industry on value-added tax (VAT). A press release by the KCCI President, Mr A. Srinivasa Rao, said ... More

TEXTILES


CII wants duties lowered for textile industry
IN order to strengthen the Indian textile industry, the Confederation of Indian Industry has called for fiscal policy support in this Budget. In its pre-budget recommendation, the chamber has called for reduction of excise duty to 16 per cent ... More

SSI


Ease delisting norms for smaller companies
A SECTION of corporate and legal experts have underscored the need to lessen the cost burden of small firmsthat are looking to delist their shares from stock exchanges . The present exit norms prove heavy on the small companies' pocket due to ... More

Maditssia plea on service tax
MADURAI: The Madurai District Tiny and Small Scale Industries Association (Maditssia) has opposed the levy of service tax on transportation of goods. In a statement here, the Maditssia President, Mr S. Aravind, said, at this stage, the ... More

COAL


Coal India ready to buy from captive mine owners
AS a part of its emergency action plan to improve availability of domestic coal, the Union Ministry of Coal is preparing a mechanism under which owners of virgin coal blocks will be allowed to sell coal to Coal India Ltd (CIL) at a price to be ... More

EDUCATION


ICFAI B-school to allow students vend financial products
BUOYED by the success of its students in selling full-time and distance learning management products, the ICFAI Business School (IBS) is now planning to enter into strategic alliances with various banks, financial institutions, insurance ... More

BIO-TECH & GENETICS


India to host biodiversity meet
WITH an aim to ensure that the benefits of using the diverse biological resources and traditional knowledge is shared with those who own it, India, along with 17 other countries, plans to finalise a Ministerial declaration on access and benefit ... More

EXPORTS & IMPORTS


Grain exporters apathetic to proposed subsidy
EVEN as the Union Cabinet is slated to clear a new foodgrain export policy that would provide `WTO-compatible' export subsidy of up to Rs 900 per tonne, the private trade is not particularly enthusiastic about the proposal. The proposal ... More

Seafood exports may decline 30 pc
SEAFOOD exports from India may decline by as much as 30 per cent, the Food and Agriculture Organisation (FAO) has said in an assessment report on the impact of tsunami in South-East Asian region. Fishermen living along the 1,000-km of Indian ... More

NATURAL CALAMITIES


Essar gives Rs 6 cr to PM fund
NEW DELHI: The Essar Group has contributed Rs 6 crore to the Prime Minister's Relief Fund for the tsumani victims in India. The Essar Group Chairman, Mr Sashi Ruia, handed over the cheques to the Prime Minister, Dr Manmohan Singh, at his ... More

Mangalore doctors' team visits Lanka
MANGALORE: A team of doctors, under the leadership of Dr A.G. Jayakrishnan of Omega Hospital, Mangalore, visited tsunami-hit areas in Sri Lanka, according to a press release here. The team, which carried 880 kg of medicines, attended ... More

TOURISM


Revamped tourism Web site launched
THE Minister for Tourism, Ms Renuka Chowdhury, has launched the revamped Web site of the Tourism Ministry (www.incredibleindia.org) . The site not only provides details about travel and tourism but ... More


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In Depth

Gender Justice
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Looking back
Jan. 9-Jan. 15
Tourist arrivals in December up 23 pc

NRIs urged to invest in `other India'

Patents Ordinance 2004 — Relief for generic drug-makers

Synthetic, rayon textile exports may fall short of target

PSBs nonchalant over sunset clause on NPAs

Swaminathan foundation proposes new approach to rehabilitate tsunami victims

Hypersonic travel may become a reality

Export target set at $88 b for next fiscal

GAIL to supply gas to RCF through Dahej-Uran pipeline

Industrial output grows 7.9 pc in November

Gem & jewellery exports rise 43 pc in April-August

Exports up 23.41 pcin April-December

Textile export to quota countries in Jan-Dec up 5.48 pc

Gujarat to attract investments over Rs 87,000 crore

Raghuram Rajan for calibrated roll-out of economic policies


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