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Wednesday, January 19, 2005

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INDUSTRY & ECONOMY

EMPLOYMENT


Concern over job losses
THE liberalisation process has accelerated the economic development of the country, but has not helped in mitigating the unemployment problem, Dr Gopal Joshi, Senior Enterprise Specialist of the International Labour Organisation, ... More

EXCISE AND CUSTOMS


Mangalore Customs collects Rs 862 cr
THE Office of the Commissioner of Customs in Mangalore has collected Customs duty of Rs 862 crore up to December 2004, which is 2.38 per cent higher than the revenue collected for the same period the previous financial year. A press release by ... More

INFRASTRUCTURE


Karnataka Govt, BIAL to sign pacts for land lease tomorrow
THE New Year seems to promise some long-pending take-offs in Karnataka's aviation scene. For one, the State Government plans to ink on January 20 the two crucial agreements that will give wings to the Bangalore International Airport Project ... More

PETROLEUM


Saudi Aramco may partner IOC to build crude reserves
THE world's biggest oil firm Saudi Aramco is keen on partnering Indian Oil Corporation (IOC) for building strategic crude oil reserves in India. It has also evinced interest in the Indian petro-products retail market. The Saudi Aramco ... More

Yugansk stake: ONGC faces legal perils, competition from China
MUCH interest has been evoked in the European business media today about news that India's ONGC is currently engaged in delicate negotiations with Russia's nationalised oil giant Yugansk (Yuganskneftegas) for a large investment stake - around ... More

IOC may process crude from Rajasthan
THE Petroleum Ministry has nominated Indian Oil Corporation (IOC) to take the crude oil found in Barmer district of Rajasthan and options of laying pipeline to its refineries were under evaluation, Mr Mike Watts, Director (Exploration), Cairn ... More

ONGC to bid for refinery project in Equador
OIL and Natural Gas Corporation will bid for building a 2,00,000-barrels per day refinery and for the development of the lucrative Ishpingo-Tambochocha-Tiputini oil field-cum-refinery project in Equador. Equador will invite bids in May to ... More

Aiyar launches NELP V roadshow
THE Petroleum Minister, Mr Mani Shankar Aiyar, called himself a "travelling salesman" and certainly made an impressive job of it with his sales pitch for the 20 blocks being offered under the fifth round of the New Exploration Licensing Policy ... More

`World prepared for oil price fluctuation'
HIS Nobel Prize winning work linked the existence of business cycles to technological innovations or `shocks', one of which was the oil price rise of the 1970s. But Prof Finn E. Kydland, who won the 2004 Nobel Prize in Economics along with Prof ... More

Panel on oil PSUs' revamp notified
THE Government on Tuesday notified the constitution of a six-member advisory committee headed by Mr V. Krishnamurthy to identify the most appropriate structure of oil public sector undertakings as per the National Common Minimum Programme. ... More

PHARMACEUTICALS


Pharmaceutical exports to US will decline: Assocham
THE rising transaction cost of Indian pharmaceutical and drug exporters due to continuous imposition of fuel surcharge by international airlines, scanning charges by Airport Authority of India, and congestion charges continued to be levied by the ... More

POWER


PowerGrid in talks with World Bank, ADB for $2 b loan
POWER Grid Corporation of India Ltd (PGCIL) is negotiating with the World Bank and Asian Development Bank (ADB) for raising $2 billion loan, the PGCIL Chairman and Managing Director, Mr R.P. Singh, said on Monday. Mr Singh said the funds would ... More

ONGC-Iran tie-up may ease fuel supply for KPCL Bidadi project
One option before Karnataka Power Corporation is to become bulk gas supplier to transportation, industry and to retail suppliers. More

STEEL


Lack of rly siding facility hits steel supply to Kerala
LACK of adequate siding facilities at the railway station at nearby Kalamassery and the consequent low allocation of steel by the Vizag Steel Plant (VSP) has deprived the State of adequate supply of good quality steel when it is in good ... More

TAXATION


FIEO expresses apprehension on VAT proposals
THE Federation of Indian Export Organisations (FIEO) has strongly opposed the treatment suggested for exports in the white paper on value-added tax (VAT) that was released on Monday. In a statement, the Regional Chairman of FIEO (Northern ... More

Chamber hails VAT proposals
WELCOMING the Empowered Committee Chairman's statement following the release of the White Paper on VAT, the Indian Chamber of Commerce and Industry, Kochi, has said that the option to keep rice and foodgrains under the exempted category and to ... More

`TN must modify VAT Act'
THE Tamil Nadu Chamber of Commerce and Industry (TNCC&I) has hailed the release of the white paper on value-added tax (VAT) by the Union Finance Minister, Mr P. Chidambaram, duly incorporating a number of demands and suggestions put forth by ... More

SSI


FAPI seeks revival of development corporation
THE Federation of Andhra Pradesh Industries (FAPI) has urged the State Government to initiate immediate steps to revive the Andhra Pradesh Small-scale Industrial Development Corporation (APSSIDC), which was wound up by the previous Government in ... More

MANAGEMENT


New ways in risk management
THE real time techniques used in India to manage risks are far superior to the end-of-day tallying techniques used in the US, Dr R.H. Patil, Chairman of Clearing Corporation of India said at the Indian Institute of Management, Kozhikode. ... More

RADIO/TV


GITAM plans FM radio station
THE Gandhi Institute of Technology and Management, known popularly as GITAM, at Rushikonda near here, is planning to set up a campus FM radio station for the benefit of its students during the current (silver jubilee) year. Mr V. ... More

EDUCATION


ICFAI plans more centres in Kerala
THE Hyderabad-based ICFAI University proposes to open two more distant education centres and five national colleges in different parts of Kerala. This will help consolidate its overall presence to eight distant education centres, nine national ... More

BIO-TECH & GENETICS


  • Online tests in bioinformatics

    SCIENCE & TECHNOLOGY


    Earth and space centre at Hyderabad varsity
    THE University of Hyderabad has formally launched a Centre for Earth & Space Sciences to bring about synergy between earth, space and information technology and to bridge the digital divide and promote knowledge-driven and job-led economic ... More

    MINING & QUARRYING


    Stone industry `tripping over roadblocks'
    DESPITE having vast natural resources and a large pool of craftsmen, the Indian natural stone industry is facing severe competition from China. Over the past few years, China, backed by favourable Government policy, low-cost funding and ... More

    FOREIGN DIRECT INVESTMENT


    Pvt bank officers oppose FDI hike
    THE All-India Private Sector Bank Officers' Federation, which has opposed the Union Finance Ministry's proposal to increase foreign direct investment (FDI) in private sector banks to 74 per cent, has said that it will affect their working and in ... More

    EVENTS


  • `Prakriti Vandana Yatra'

    EXPORTS & IMPORTS


    Exporters protest against I-T Dept move to tax sops
    EXPORTERS gathered today at Mumbai's Azad Maidan to protest against "harassment" by the Income-Tax Department on tax deductions and export sops. The I-T Department has been insisting that exporters pay tax on previously exempt export profits. ... More

    NATURAL CALAMITIES


    Syndicate Bank aid for tsunami relief
    BANGALORE: Syndicate Bank has contributed Rs 2.5 crore to the Prime Minister's tsunami relief fund. A bank release said the banks' employees contributed another Rs 2 crore, comprising two days' salary, to the relief fund. ... More

  • Kerala: Spl tsunami scheme sought
  • Contributions to The Hindu Relief Fund
  • Nabard to help fishermen

    TOURISM


    Karnataka plans to set up eco-tourism zones
    DEVELOPMENT of eco-tourism zones, a tourism park near Bangalore and a special rain festival to attract tourists from the Gulf are among a series of initiatives being planned by the Karnataka Government to boost the number of tourist arrivals in ... More

    PEOPLE


  • New chief for ICSI Hyderabad


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    Top Stories
    MCX ties up with Markfed for wheat futures


    SWC liquor biz sale in limbo?

    Tata Chem Q3 PAT up 63.29 per cent

    Market participants upbeat on banking stocks

    Saudi Aramco may partner IOC to build crude reserves

    ONGC to bid for refinery project in Equador

    Jet, Sahara, IA among designated airlines

    HCL Info Q2 net rises 13.5 pc

    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


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