Financial Daily from THE HINDU group of publications
Saturday, January 22, 2005
Financial Daily from THE HINDU group of publications Saturday, January 22, 2005 |
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INDUSTRY & ECONOMY RESEARCH & DEVELOPMENT NRIS `Gulf Dream' rebounds with new vigour AFTER the threat of emigration and remittances trickling down during the current century, there are comforting signals to the contrary from the Kerala economy. "Five years ago, we thought that Kerala's Gulf connection was a passing phase in ... More NON-CONVENTIONAL ENERGY Naturol BioEnergy set to achieve financial closure by March NATUROL BioEnergy Ltd (NBL), a joint venture between the Energea GmbH of Austria and FeClean Energy of France, is set to achieve financial closure by March, this year. The promoters now want the Andhra Pradesh Government to allot land for the ... More
MSEB looks to wind power, biomass to tackle shortage ANTI-DUMPING Brazil lifts dumping duty on Indian jute bags AFTER fighting for seven years with the Brazilian anti-dumping authority, the Jute Manufacturers Development Council (JMDC) has finally wrested victory. Brazil has lifted the anti-dumping duty on products of five mills, while lowering the levy ... More
Mid-term review of dumping duty on Vitamin AD3 BUDGET Govt urged to extend Sarfaesi Act to NBFCs THE Finance Industry Development Council (FIDC), the newly formed self-regulatory organisation (SRO) of the RBI-registered non-banking finance companies (NBFCs), has sought a separate funding institution/fund for the NBFC sector along the lines ... More
CHEMICALS Agrochem industry answers Jammu call THE country's agrochemical industry appears to have zeroed in on Jammu as its tax haven. At least 10 agrochemical companies have set up facilities or are in the process of doing so and a couple more are likely to enter the State's industrial ... More ECONOMY 
FICCI plans to rev up manufacturing sectorTHE Federation of Indian Chambers of Commerce and Industry (FICCI) has unveiled a 10-point agenda for accelerating growth and improving competitiveness of the manufacturing sector by taking the employment pressure off agriculture, improving rural ... More
`Growth of manufacturing sector key to combat unemployment'
`World Bank committed to supporting reform process'
India, Chile launch joint business forum EXCISE AND CUSTOMS Tobacco industry calls for continuation of AED regime THE tobacco industry has sought the continuation of the single point taxation for the sector through the specific duty structure and additional excise duty (AED). In its pre-budget memorandum for Budget 2005-06, the Tobacco Institute of India ... More FOREIGN TRADE EEPC opens out to CIS nations INDIAN engineering industry is not only looking at the developed markets but also developing markets like the CIS countries and the Engineering Export Promotion Council (EEPC) has invited a delegation from the CIS region to participate in ... More
India to prepare `sensitive list' for negotiations with Thailand HEALTH Nitric oxide saves life of newborn NITRIC oxide (NO) is one of the commonly used industrial gases used in industrial production process. Refined to medical grade, it has medical applications. Doctors in Hyderabad have successfully used this gas, in combination with a sophisticated ... More PSU Keltron bags orders from Navy THE public sector Kerala State Electronics Development Corporation (Keltron), which is digging its heels deeper into the production of defence-related systems, has bagged orders worth Rs 16 crore from the Indian Navy this month. The orders are ... More PETROLEUM KRL officers say swap ratio with BPCL unfavourable THE Officers Association of Kochi Refinery Ltd (KRL) has expressed disappointment over the share swap ratio recommended for the merger of KRL with Bharat Petroleum Corporation Ltd (BPCL), saying that the present ratio is `far from a fair ... More
Concern over import of life-expired gas cylinders
Pvt petro outlets fare better with small network PHARMACEUTICALS `Molecular medicine next big opportunity' FOR drugs and genomic companies, `molecular medicine' could well be the next big business opportunity, the Chief Scientific Officer of Sequenom Inc., Dr Charles Cantor, has said. The developments, post human genome mapping (year 2000) in ... More POWER 
AES Corp, CLP Power are back; bid for UP projectPOWER utilities AES Corporation of US and Hong Kong-based CLP Power International that had packed their bags in the wake of policy bottlenecks in the power sector are back in India. Both the entities are among the eight that have been ... More
High-voltage distribution system in AP soon STEEL Draft steel policy targets 110 mt output by 2020 THE steel sector would directly and indirectly generate 10 lakh new jobs by the year 2020, according to estimates made by the Government in the draft National Steel Policy. Domestic steel output, according to the target set by the policy ... More TAXATION Shifting of service tax liability: Traders unhappy WHEN you go to a shop and purchase a product, you do pay a sales tax. But do you also file sales tax returns? Herein lies the difference between tax `burden' and `liability'. The burden is on you, but the liability for paying the tax is the ... More
Minister not in favour of taxing industry for reviving sick firms
Luxury tax militates against Centre-States' pact: Experts
FICCI moots measures to enlarge tax base
`EOUs should be exempted from central sales tax'
FIEO flays VAT refund clause TEXTILES Garment technology expo 2005 begins A FOUR-DAY exposition "Garment Technology Expo 2005" on Friday got off here, showcasing the latest garment technology to enable Indian garment manufacturers make the appropriate technology options to cash in on the post-quota free regime ... More
Archaic laws stifle textile sector competitiveness
Post-quota regime: Yarn exporters turning to domestic production
Spinners' plea to sort out conversion charges issue SSI CII in pact with UK chamber for SMEs THE Confederation of Indian Industry (CII) has entered into an agreement with its counterpart organisation in the UK, the Southall Regeneration Partnership Ltd (SRP), in order to provide a framework to the sustainable cooperation between the ... More
Plea to safeguard interests of SMEs in trade accords
COSMETICS 
Herbal cosmetics sector to contend with new playersTHE Rs 1,200-crore herbal cosmetics market is expected to witness some action this year. Not only has fast moving consumer goods (FMCG) major Dabur India Ltd (DIL) already made clear its intention to revive interest in this category by launching ... More GEMS & JEWELLERY Gem, jewellery exports rise 38 pc EXPORTS of gem and jewellery grew by 37.88 per cent to $14,329.23 million for the January-December 2004 period as compared to $10,392.83 million in the year ago. Exports of cut and polished diamonds were at $10,340.45 million, indicating a ... More REAL ESTATE & CONSTRUCTION BDMA, Ramky sign pact for Pharma City lands ACHIEVING a benefit of over Rs 22 crore in the form of revised tariff for the allocation of lands in the proposed Jawaharlal Nehru Pharma City at Parawada near Visakhapatnam, the Bulk Drugs Manufacturers Association (BDMA) has entered into an ... More LEATHER 
Leather exporters focus on finished goodsTHERE is reason for optimism among the leather products manufacturers as there is an overall growth in the sector, which is expected to hold in the foreseeable future. Between April and September 2004 there has been a positive swing in exports ... More
Bengal leather sector seeks more funds for upgradation SCIENCE & TECHNOLOGY Rs 5-cr S&T incubation fund to be set up THE National Science & Technology Entrepreneurship Development Board (NSTEDB) under the Department of Science & Technology, has decided to create an incubation fund with an initial corpus of Rs 5 crore to facilitate the development of ... More DISINVESTMENT Divest loss-making Kerala PSEs: Chamber THE Kerala Chamber of Commerce and Industry has urged the State Government to initiate efforts to privatise public sector undertakings in the State, considering the huge accumulated losses incurred by various PSEs. Participating in a ... More WTO WTO: Making multilateralism meaningful THE report on "The Future of WTO" by eight eminent persons from a group of top business leaders and economists presented in Geneva to mark the first decade of the world trade monitoring body presumably focuses not only on institutional ... More HUMAN RESOURCES Cruise cos scout for Indian staff GLOBAL cruise companies are probably the biggest recruiters of Indians after IT and BPO companies. According to Mr Cyrus Marfatia, Vice-President (F&B), Carnival Cruising of the US, about 45,000 people are recruited from India by the cruise .. More TRADE & LABOUR UNIONS EVENTS Chidambaram to attend G-7 meet THE Finance Minister, Mr P. Chidambaram, is to represent India at a conference in London early next month in which finance ministers of G-7 nations are expected to participate. "I have been invited by the UK Chancellor (of the exchequer), Mr ... More
PM to inaugurate meet on CEOs today
CONSUMERISM INCOME TAX 
Should all deductions and exemptions go?Deductions and exemptions have been the subject of much debate. Those opposed to them must realise that they are a significant part of the people's savings that form the bedrock of a nation's long-term investment strategy to set up the infrastructure needed to sustain economic growth for the next ten years at 8 per cent per annum, says H. P. Ranina. More EXPORTS & IMPORTS Exports under deferred payment deals to get advance licence benefits EXPORTS made under deferred payment or suppliers' line of credit contract are now entitled for benefits under the advance licence scheme (ALS). The benefits would, however, be available only for contracts that are backed by a cover from the ... More NATURAL CALAMITIES S. Asian tsunami warning system may cost $200 m THE proposed tsunami early warning system for countries in the Indian Ocean region could cost $150 million - $200 million. If the project is started now, it could be made operational in three years. Stating this, Prof. Tad Murthy, an ... More
LIC expedites settlement of claims over tsunami casualties
STANDARDS & BENCHMARKS `Lab networking must to monitor pesticide residues' THE Director General of the Indian Council of Medical Research (ICMR), Prof. N. K. Ganguly, has called for the networking of laboratories to monitor pesticide residues in food, water, soft drinks and beverages. Inaugurating a national seminar ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Focus BHEL Disinvestment The Yuan Revaluation Dabhol power regenerated Tracking the rains Sethusamudram Canal Project India Inc's overseas acquisition
In Depth Gender Justice Simple Economics Tax Talk
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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