Financial Daily from THE HINDU group of publications
Tuesday, January 18, 2005

News
Features
Stocks
Port Info
Archives
Google

Subscription

Group Sites

INDUSTRY & ECONOMY

EMPLOYMENT


Kerala: Deadline extended for job seekers
THIRUVANANTHAPURAM: The State Government has decided to allow time till March 31 for job seekers in the coastal taluks to renew registrations with the respective employment exchange. An official said here that those who have been ... More

ECONOMY


`Controlling fiscal deficit is the biggest concern' — — Dr Raghuram G. Rajan, Economic Counsellor and Director of Research, IMF
IT is 5 p.m. on a working day. Music Academy on Chennai's busy Cathedral Road is packed, almost to capacity. "The crowd's larger than what you will even see for a kutcheri," remarks someone from the audience. The audience is expectantly ... More

Kolkata corporation upbeat on higher revenue generation
BUOYED by an A+ rating from Crisil, the Kolkata Municipal Corporation (KMC) has announced plans to pursue several initiatives that are aimed at augmenting revenue and posting a healthy revenue surplus on a sustainable basis. During the ... More

FOREIGN TRADE


Ministry invites suggestions on foreign trade policy
THE Department of Commerce in the Commerce and Industry Ministry has commenced the exercise to formulate the annual foreign trade policy that is due for release in March/April this year. Industry associations, export promotion councils and ... More

PETROLEUM


Cairn Energy to invest $200 m in developing new oil finds
HAVING tasted big success in Rajasthan where it discovered one of the largest oil and gas finds in India in recent times, Scottish exploration company, Cairn Energy, plans to be an active participant in the fifth round of blocks being offered ... More

BPCL, Kochi Refineries boards okay 4:9 swap
THE boards of directors of Bharat Petroleum Corporation Ltd and Kochi Refineries Ltd (KRL) today approved a 4:9 swap ratio. KRL shareholders would get four BPCL shares for every nine shares held by them. BPCL holds 54.68 per cent stake in ... More

RasGas in talks to hike gas supply to Petronet
QATAR'S Ras Laffan Liquefied Natural Gas Company (RasGas), which has signed a contract to supply 7.5 million tonnes of liquefied natural gas to Petronet LNG, is in talks to increase gas supplies beyond the contracted amount, its Managing ... More

BG to invest $250 m more in Panna-Mukta, Tapti oilfields
BG (formerly British Gas) is investing afresh in the Panna-Mukta and Tapti oilfields to increase the production of natural gas. The multinational gas major, which has invested $500 million (around Rs 2,200 crore) in the fields till now, is a ... More

POWER


Govt examining PFC's initial public offer proposal
THE Government is examining a proposal submitted by state-owned Power Finance Corporation (PFC) for an initial public offer (IPO), the Power Secretary, Mr R.V. Shahi, said on Monday. He, however, said there was no immediate plan to dilute ... More

PowerGrid objects to transmission licence for Reliance Energy
POWER Grid Corporation of India Ltd (PGCIL) has objected to Reliance Energy's applications for setting up power transmission lines in the western region. PGCIL has filed petitions with the Central Electricity Regulatory Commission (CERC) on ... More

STEEL


`Steel e-commerce arena already crowded'
THE year 2000 saw a departure in the auctioning of secondary steel in the country. Today, more than 70 per cent of non-prime steel auctioned by manufacturers is transacted through the Net. As the first mover in the field, steel trading portal ... More

TAXATION


VAT: States given option on rice, grains for 1 year
STATES have now been given an option to keep rice and other foodgrains out of the value-added tax (VAT) net instead of at 4 per cent as originally proposed, when the new tax system replacing sales tax comes into force from April 1. But the new ... More

India Inc seeks roadmap to phase out central sales tax
INDIA Inc has said that the introduction of the Value-Added Tax (VAT) regime must be accompanied by an announcement of a road map for phasing out of Central Sales Tax (CST). While welcoming the Government's commitment to introduce a VAT regime ... More

States on course to meet VAT deadline, says Asim Dasgupta
STATES are on course to meet the April 1 deadline set for the introduction of a value added tax (VAT) regime that would replace the existing sales tax system, the Chairman of the Empowered Committee of State Finance Ministers on VAT, Dr Asim ... More

`White paper lacks fundamentals'
THE Confederation of All-India Traders (CAIT) said that the white paper on value-added tax released today lacked fundamentals of VAT.In a statement issued here, the apex body of the trading community said,"According to this first official ... More

TEXTILES


Job-work powerlooms seek hike in rates
THE predominantly grey cloth producing powerloom clusters in Coimbatore are in the throes of uncertainty in their production schedule as the owners of powerlooms engaged in job-work have sought a rise in conversion charges. The job-working ... More

`Ban import of worn garments'
THE Clothing Manufacturers' Association of India (CMAI) has urged the Government to ban the import of second-hand readymade garments into the country. The import of huge volumes of worn readymade clothing into Kandla special economic zone ... More

SSI


ISED to organise local economic growth meet
THE Institute of Small Enterprises Development (ISED) has taken the initiative to organise a two-day international conference on local economic development and small and medium enterprises here on Tuesday and Wednesday. The topic of the ... More

COAL


CIL to go for e-auction route
COAL India Ltd (CIL) has finalised a new marketing strategy to sell coal to non-core sector consumers through the e-auction route. The objective of the strategy is to bring about more transparency in marketing of coal to non-core consumers who, ... More

CIL board clears plan for new subsidiary
THE board of Coal India Ltd (CIL) has approved a proposal relating to the formation of a separate subsidiary to be named Coal Videsh Ltd. The proposed subsidiary is to be incorporated as has been done in the case of ONGC Videsh, subject to the ... More

PERSONAL PRODUCTS


FMCG unlikely to show value growth this year
THE fast moving consumer goods (FMCG) industry is passing through tough times. It not only registered negligible value growth in 2004 at around one per cent, analysts now expect that in 2005 this segment may fare no better. The year that has just ... More

TERRORISM


Maoists spurn AP Govt initiative for talks
EVEN as the State Government on Monday stated its intent to pursue its peace initiative with the representatives of the Communist Party of India (Maoists) and take up development works on a fast track across various parts of the State, the ... More

RADIO/TV


Separate content regulator likely for TV
OBSCENITY and violence in television shows are a cause for concern. The Information and Broadcasting (I&B) Ministry is planning to set up a separate regulator to monitor content on television channels. According to top Government sources, ... More

EDUCATION


Kerala: Government fees to stay
THIRUVANANTHAPURAM: The State Government has issued orders stipulating that students who secured admissions to various self-financing colleges from the Government quota in 2003-2004 need to be pay fees only at rates applicable to ... More

AUTOMOBILE COMPONENTS


Domestic players concerned over battery imports from Vietnam
VIETNAM is fast emerging as a major exporter of batteries to the sub-continent. According to industry sources, the main reasons behind this are the negligible domestic demand and the low import duty on lead and cheap labour. Imports from ... More

GEMS & JEWELLERY


Cutting edge
A man passes by a billboard of a diamond jewellery outlet in Hyderabad on Monday. India has emerged as a major backyard workshop for the world diamond companies due to its large workforce and cost-effectiveness. Local diamond companies are also ... More

REAL ESTATE & CONSTRUCTION


NHB to launch housing index
IN order to help various stakeholders monitor the value of residential property prices, the National Housing Bank (NHB) has launched a project wherein it would index the residential property prices. The indices would be prepared on a quarterly ... More

IPR


IPR issues: CII summit stresses on specialised patent courts for India
THE Patent Court judges from the US and the UK, along with senior patent lawyers representing top firms such as Oracle, Nektar Therapeutics USA and Royal Philips Electronics, also of the US, have suggested creation of specialised patent courts ... More

RURAL DEVELOPMENT


Net connectivity to all villages in 3 years: YSR
THE Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has said his Government's vision is to provide Internet connection to every village in the State in a span of two to three years. Addressing the `Global Leadership 2020 - ... More

EVENTS


Mumbai to host Rubber Expo 2005
THE Indian rubber industry has received encouraging response from both domestic and global players to the India Rubber Expo 2005, to be held in Mumbai from February 23 to 26. "Over 6,000 square metres of area at the Expo venue has already been ... More

Swiss Minister to address Kerala CII meet
WITH an aim to create awareness among the industry on the immense opportunity for trade with Switzerland, the Confederation of Indian Industry (CII), Kerala, is organising a seminar on `Success strategies for European Market - A Swiss ... More

Meet on cost management
MADURAI: The Madurai District Tiny And Small Scale Industries Association (Maditssia) is organising a seminar on "Need for Cost Management in Small And Tiny Industries" on Wednesday, January 19. The seminar will discuss various aspects ... More

  • In Hyderabad today

    CONSUMERISM


    Call for changes in insurance forms
    FINDING the terms and conditions in insurance policies with numerous exclusions in fine print highly user unfriendly and one-sided, the National Consumer Disputes Redressal Commission has advised insurance companies to do away with the current ... More

    EXPORTS & IMPORTS


    Kamal Nath to meet EOU, SEZ representatives
    THE Export Promotion Council for EOUs and SEZ Units (EPCES) is holding an interactive session in Mumbai on January 19 to get feedback from export-oriented units (EOUs) and units in Special Economic Zones (SEZs) on the operation of these schemes ... More

    Readymade garment exports up
    Exports to the US, the single biggest market for Indian garments, amounted to 311.8 million pieces valued at $1,589.6 million. More

    Exporters upset over I-T Dept's move to tax sops
    EXPORTERS across industries are up in arms over the Income-Tax (I-T) Department's interpretation of various incentive schemes and related tax exemptions enjoyed by them. At the heart of the issue is whether the profits on transfer of the duty ... More

    NATURAL CALAMITIES


    4,000 houses for Vizag fisherfolk
    THE State Government has decided to construct 4,000 houses for the local fishermen who have suffered losses due to the recent tsunami and the cost (Rs 40,000 for each house) is to be shared by the State and the Centre. This was stated here on ... More

    Kerala film fraternity raises Rs 65 lakh
    THIRUVANANTHAPURAM: Members of the State's film industry have contributed Rs 65 lakh to the Chief Minister's relief fund for the tsunami victims. A cultural programme was organised at the behest of the Trivandrum Film Fraternity, a ... More

  • Laser Soft's relief gesture
  • Contributions to The Hindu Relief Fund

    PEOPLE


    New PDEXCIL office-bearers
    MR M.Y. Momin has been elected the new Chairman of the Powerloom Development and Export Promotion Council (PDEXCIL) for the years 2005-06/2006-07. The other office-bearers of the Council elected at the meeting of the Committee of ... More


    Comments & Letters to the Editor to: bleditor@thehindu.co.in
    Subscribe to: Business Line
  • Pick a Winner Stock Market Contest

    Top Stories
    Airlines spend more on TV ads than print: AdEx


    FCI to float bonds to raise Rs 1,000 cr

    Balrampur Chini plans Rs 200-cr expansion

    `Controlling fiscal deficit is the biggest concern' — — Dr Raghuram G. Rajan, Economic Counsellor and Director of Research, IMF

    Cairn Energy to invest $200 m in developing new oil finds

    FMCG unlikely to show value growth this year

    NHB to launch housing index

    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
    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


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

    Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line