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Thursday, January 27, 2005

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INDUSTRY & ECONOMY

INVESTMENTS


Shifts in focus of household savings
GROSS financial savings of the household sector as a percentage of GDP at current prices touched what may be an all-time high last year at 15.1 per cent, according to preliminary estimates. The previous peak in the period following the launch ... More

ECONOMY


Can Bush keep promise on halving fiscal deficit?
EVEN as the Republican administration rolled out its emergency-spending request of an additional $80 billion for operations in Iraq and Afghanistan, the federal deficit is soaring to a record $427 billion for fiscal 2005 or $15 billion higher ... More

RBI report highlights States' fiscal slippages
BEING the banker and debt manager to the State Governments, the Reserve Bank of India has deemed it fit to draw attention to the persistence of "weaknesses in State Government finances," stating that "fiscal empowerment holds the key to enduring ... More

FERTILISERS


Govt may hike subsidy for single super phosphate units
SSP manufacturers had complained that because of vote politics, no State Government was willing to increase the SSP selling price. More

FOREIGN TRADE


New strategy to boost competitiveness of EU
A MAJOR epoch making policy overhaul is currently in offing, as European Union officials are working on a new strategy to contain underlying quest of all Europeans for economic growth, job creation and above all, boost competitiveness of European ... More

Unctad suggests trade measures to tsunami-hit nations
THE United Nations Conference on Trade and Development (Unctad) has suggested a host of trade measures that could be undertaken by the international community to help the tsunami-affected countries. The measures include a temporary provision ... More

INFRASTRUCTURE


Urban infrastructure development — `Decentralisation of financing a major challenge'
MOBILISING urban infrastructure in a responsible fiscal framework to ensure growth momentum of the economy and a measure of improvement in the quality of life that citizens should expect pose a formidable policy dilemma, according to a senior ... More

AP asks banks to cut interest rates on loans under housing scheme
THE Andhra Pradesh Government on Wednesday urged the bankers to further reduce the interest rate by 100 basis points for the loans on mass housing initiatives taken up under `Rajiv Gruhakalpa' programme. At the State-Level Bankers' Committee ... More

Vazhiyoram: Roadside amenities in the making
THE Government-owned Science and Technology Entrepreneurship Development (STED) Project has drawn up a project for setting up wayside facilities in the State with private participation. The project, styled `Vazhiyoram', envisages setting up of ... More

Hill highway to boost Kerala's rural economy
The two-lane highway will need hardly any land acquisition since roads exist to connect the entire hinterland, except for one missing link. More

`Process of forming Mangalore SEZ under way'
THE District in-charge Minister of Dakshina Kannada, Mr Jabbar Khan Honnali, has allayed apprehensions about the proposed investments in the coastal special economic zone (SEZ) in Mangalore, and said that it will definitely come up in Mangalore. ... More

PSU


Package soon for BHPV revival
VISAKHAPATNAM: The Union Government has identified Bharat Heavy Plate and Vessels Ltd (BHPV) as one of the PSUs to be revived and a package will be prepared for the purpose, according to Mr A.S.C Sinha, its Managing Director. He was ... More

TEXTILES


Textile sector can touch $100 b post-MFA: Study
THE Indian textile sector has the potential to touch $100 billion by 2010 in the post-MFA (Multi-Fibre Agreement) period. This could happen if reforms are initiated in the textile sector and adopted by manufacturers, says the study conducted ... More

Centre hikes capital ceiling for powerloom sector under TUFS
THE Centre has approved modifications enhancing the capital ceiling allowed under the Technology Upgradation Fund Scheme (TUFS) to facilitate higher investment in the decentralised powerloom sector. The capital ceiling for machinery allowed ... More

New drawback rates based on weight irk textile sector
The Government's recent notification on revised rates forduty drawback, where the drawback rates are fixed in terms of the weight of the exported product instead of its value, has the industry up in arms. While the move is largely aimed at ... More

EDUCATION


Acid test
A girl wracks her brains at a competitive exam hall in Kochi. Changing trends in the modern education system and the mushrooming of unaided institutions have dealt a deathblow to the staggering parallel college system in Kerala. The delinking of ... More

GEMS & JEWELLERY


Diamond exporters allowed indigenous sourcing of inputs
THE Government has allowed diamond exporters with diamond imprest licences to source inputs from indigenous sources instead of going in for direct imports. The option to source inputs indigenously could be exercised through the advance release ... More

INDUSTRY ASSOCIATIONS


Call for integrated transport policy
THE Confederation of Indian Industry (CII) has called for an integrated transport policy framework, which would encourage competitive pricing and coordination between alternative modes. Moreover, in order to address issues relating to ... More

PAINTS


Paint industry seeks cut in customs duty
WITH prices of key raw materials having risen by 15-50 per cent in recent months, the domestic paints industry, in its pre-budget memorandum, has made a number of suggestions to help ease the pressure on the industry's bottomline. According to ... More

SOCIAL WELFARE


AP Govt distributes 1.55 lakh acres of land
This is for the first time that 1.55 lakh acres were distributed on a single day. Distribution of land to Dalits and weaker sections was a major demand put forward by naxalites. More

HUMAN RESOURCES


Nurses — the new goodwill ambassadors!
CAN Uncle Sam's pet grouse against outsourcing to India be nursed back into a healthy working relationship? Away from the heat of the out-sourcing debate - Indian nurses are, rather inadvertently, becoming goodwill ambassadors for the ... More

SUPPLY CHAIN MANAGEMENT


Concor offers telescopic rate for bonded trucking service — Tariff to go down with increase in cargo volume
CONTAINER Corporation of India Ltd (Concor), which has introduced bonded trucking service for air-cargo in its basket of logistics products for shippers and transporters of Coimbatore, has come out with a telescopic tariff structure for cargoes ... More

EVENTS


Amtex 2005 Expo
Electronic items on display at the 5-day `Amtex 2005' Asian machine tool exhibition at Palace Grounds in Bangalore on Wednesday. Taiwan, China, the US, Turkey and Germany are displaying their advanced machineries, tools and material handling ... More

Asian soaps meet to be held in Goa
GOA will host the first Asian Soaps, Cosmetics and Detergents conference scheduled for March 13-16. Organised by Oil Technologists Association of India (OTAI) — Western Zone, the conference is intended to provide a platform for regional ... More

EXPORTS & IMPORTS


Tea exports decline drastically; imports up
TEA exports during 2004 have once again declined compared to the level of 2003. This is the second consecutive year that the tea industry has failed to increase its share in the global market. Though the official figures are yet to be ... More

NATURAL CALAMITIES


Learning from the tsunami
The tsunami holds lessons in internal communications for companies which can and want to do much more than extend `cheque book support' to prove their integrity. More

LIC South zone settles 268 tsunami claims
FOLLOWING the tsunami that struck the east coast in December 26, 2004, the Life Insurance Corporation of India's south zone offices that include Tamil Nadu, Kerala and Pondicherry settled 268 claims amounting to Rs 2.38 crore, according to the ... More

After the waves
The impact of tsunami continues. A man in Andhakaranazhi, near Cherthala in Alappuzha district, collects sand from the beach for flooring his house, which was destroyed by the ... More

TOURISM


Blip in tourist arrivals to Kerala highlights need for better preparedness
THERE has been a blip in long-distance tourist arrivals into Kerala, although of a temporary and minor nature. "There have been some cancellations from long-haul holiday seekers from Europe and the US, who seem to have diverted their long ... More


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Top Stories
Widening US trade, budget deficits begin to hurt — Dollar losing favour with most central banks


Pennar Ind lenders to get 43 pc equity by debt conversion

Textile sector can touch $100 b post-MFA: Study

Hill highway to boost Kerala's rural economy

`IT spend by medium-sized businesses up by 15 pc'

Govt may hike subsidy for single super phosphate units

Tea exports decline drastically; imports up

Demand for bio-fuels drives Praj Ind's growth — 5-fold rise in Q3 net on higher exports

In Focus

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Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
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Looking back
Jan. 16-Jan. 22
Indirect tax collections up 12.23% in April-Dec

`India must stop harping on US-Pak ties'

ICFAI B-school to allow students vend financial products

Coal India ready to buy from captive mine owners

`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

NHB to launch housing index

FMCG unlikely to show value growth this year

Saudi Aramco may partner IOC to build crude reserves

ONGC to bid for refinery project in Equador

Same drugs with multiple price prints?

Extreme climates to extend to more areas, warns study

Spices exports top 2.5-lakh-t target

Gem, jewellery exports rise 38 pc

Cruise cos scout for Indian staff

`Molecular medicine next big opportunity'

Agrochem industry answers Jammu call

Exports under deferred payment deals to get advance licence benefits


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