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Sunday, February 06, 2005

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INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES


Marketing can be done without a patent: Madras HC
FROM January 1, 2005, India, as a World Trade Organisation member and signatory of trade-related aspects of intellectual property rights (TRIPS accord), is obliged to grant product patent in all fields, including medicines and drugs. Till the ... More

ECONOMY


Larger firms post sizeable growth in profits — Results reflect fresh capacities going on stream
THE aggregate profits of 461 companies that are part of S&P CNX 500 index rose 21 per cent in the quarter ended December 2004. This is significantly lower than the 44-per-cent growth in the quarter ended December 2003. The lower growth rate is . More

FOREIGN TRADE


Double taxation pact between India, Philippines modified
THE double taxation avoidance agreement (DTAA) between India and the Philippines has undergone a change with more clarity having been brought into the Article of taxation of income from professional services. Sources said that authorities from ... More

`EU-India business summit to open new vistas for trade ties with Finland'
The EU-India Business Summit will open up new vistas for further strengthening strategic business relationship with India, Ms Paula Lehtomaki, Minister for Foreign Trade and Development, Finland, has said. Addressing a press conference here, Ms ... More

`Adopt constructive approach to facilitate Doha trade talks'
FINLAND has urged India to adopt a `constructive approach' to facilitate the conclusion of the Doha development agenda trade negotiations, by following internationally agreed rules in applying trade policy measures such as anti-dumping procedures ... More

`Foreign trade share poised to double by 2009'
INDIA is poised to double the share of its foreign trade to reach 1.5 per cent of world trade by 2009, the Union Minister of Commerce & Industry, Mr Kamal Nath, said here. Speaking at a meeting with the visiting Norwegian Minister for Trade and . More

PHARMACEUTICALS


Psychotropic drugs — Finance Ministry asked to go slow on raids
TO rescue millions of patients suffering due to the shortage of psychotropic drugs, the Health Ministry has written to the Finance Ministry, asking it to go slow on nabbing pharmacists stocking these life-saving medicines. Highly placed ... More

`Give priority to drug affordability'
"PATIENTS come first. Patents next," said Mr William F. Haddad, Chairman and CEO of Biogenerics Inc and the United States Research and Development Corporation, who was here recently. Championing the cause of drug affordability, Mr Haddad — ... More

Pharma SSIs in a quandary over excise duty on MRP
ON January 9, the Chennai-based Super Pharmaceuticals Pvt Ltd received a terse letter from its largest customer, German Remedies Ltd. The letter asked Super Pharma to stop all production for German Remedies, until further instructions. The ... More

POWER


5,000 MW of fresh power capacity planned in 2 years
THE country will see an addition of close to 5,000 MWof private sector power generation capacity over the next two years. This will help the country draw closer to meeting its 10th Five Year Plan target of adding 41,000 MW of power generation ... More

STEEL


Govt plans dedicated steel capacities for exports
After setting a target of 110 million tonnes of steel production in the country by 2019-20, the Government is considering plans to have dedicated steel capacities for exports. Though the exact plan of arrangement has not been worked out, the ... More

TAXATION


VAT will bring down prices: Shome
DR Parthasarthi Shome, Advisor to the Union Finance Minister, on Saturday sought to allay fears that implementation of value added tax (VAT) from April 1 would increase prices of commodities and consumer goods. He told presspersons on the ... More

TEXTILES


`Time right for textile players to grow fast'
THE country's export target for textiles of $40 billion, as against the existing export value of $12 billion, can be achieved by 2010 provided major players grab the opportunity being offered to them by the lifting of the quota system, according ... More

CARS


AUTO TECH
Throwing new light on a cleaner drive
EVEN six years ago, vehicular pollution was a non-issue in the country. But as more multinational automobile companies drove in, new technology products were launched, and people became aware of the ill-effects of air ... More

WOOL


Boycott Australian wool, Maneka Gandhi urges Indian cos
MEMBER of Parliament and animal rights activist Ms Maneka Gandhi has shot-off a letter to 250 Indian companies asking them to stop using Australian wool until two abuses of Australian sheep - mulesing (live flaying) and live exports, were ... More

SMALL SAVINGS


EPF: Defined-contribution scheme in the making
THE administered interest rate on Employees Provident Fund has been hiked, probably for the first time in a couple of decades. It had held steady during the 1990s and started declining since 2000. If the increase in ... More

Labour Minister meets PM on EPF rate issue
THE Labour Minister, Mr K. Chandrasekhar Rao, has met the Prime Minister, Dr Manmohan Singh, to discuss the issue of increasing the interest rate on provident fund deposits. Mr Rao informed reporters after the meeting that the Prime Minister ... More

EXPORTS & IMPORTS


Education cess not applicable for imports under advance licences
THE 2-per-cent education cess imposed in the 2004-05 Budget would not be applicable for imports cleared against advance licences, the Finance Ministry has clarified. The revenue department has, however, held that the cess would be payable on ... More

NATURAL CALAMITIES


  • Contributions to The Hindu Relief Fund

    TOURISM


    Action plan for tourism revival in tsunami-hit nations
    A SPECIAL session of the World Tourism Organisation's Executive Council has crafted a plan to help the tourism industries of countries affected by the December 26 tsunami. Tourism industry stakeholders from across the world, who met in Phuket, ... More


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    Top Stories
    Centre's condition to States: `Changes in APMC laws must to avail horticulture mission benefits'


    Marketing can be done without a patent: Madras HC

    `Give priority to drug affordability'

    Big ticket M&A deals slated for 2005

    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. 30-Feb. 5
    `US benefits more from outsourcing'

    VAT panel yet to decide on purchase tax on foodgrains

    `Coalition politics has slowed reforms' — Lord Meghnad Desai, former professor, London School of Economics

    Severe Northern winter is in line with global pattern

    Airfreight sops for cardamom exports extended

    Govt divestment plans a positive step, say marketmen

    EPFO to study investment in equities

    BCCI an autonomous body, says SC

    Uncertainty over Indo-Pak series telecast rights

    Narcotics deadlock — Drug shortages hit epilepsy, anxiety post-operative care

    Paint cos may pass on input cost hikes to consumers

    GSPC goes all out to strike gas in third KG well

    Centre may take Rs 26,000-cr hit on finance panel proposals

    Govt sees Rs 9 lakh cr investments in power sector by 2012

    AP: Medicines, cement, LPG to become cheaper on VAT

    `FDI reforms can pump $1-1.5 b into realty'

    Inflation declines on cheaper food, edible oils

    Nirma, Henko also to cost more

    Vegoil imports increase


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