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Tuesday, February 08, 2005

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INDUSTRY & ECONOMY

RESEARCH & DEVELOPMENT


Hike in R&D spends eats into pharma cos' profits
IT may seem to be like walking on a double-edged sword. Increased research and development (R&D) by pharmaceutical companies such as Ranbaxy Laboratories, Dr Reddy's Ltd and Lupin Ltd seems to have taken a toll on its net profits. Dr Reddy's, ... More

ECONOMY


IT now employs a million — Revenue per employee also on the rise
THE IT sector has crossed yet another milestone. The number of knowledge professionals employed in the software services and ITeS sectors has crossed the one-million mark and is expected to close the 2004-05 financial year with a headcount of ... More

GDP growth to touch 6.9 pc in 2004-05
THE country's economy is slated to grow by 6.9 per cent during the current fiscal, which comes on top of the 8.5 per cent increase registered in 2003-04. As per the `advance estimates' of national income, released by the Central Statistical ... More

Kerala takes top slot in per capita consumer spending
IN line with its label as a predominantly consumer State, Kerala has come to occupy the top position in monthly per capita consumer expenditure (MPCE) both in the rural and urban sectors of the country. In the rural sector, the population ... More

Bengal Plan pegged at Rs 6,476 cr
THE Annual Plan of West Bengal for 2005-06 has been fixed at Rs 6,476 crore, inclusive of Central assistance of Rs 100 crore for schemes of priority for the State. At a meeting between the Planning Commission Deputy Chairman, Dr Montek Singh ... More

EXCISE AND CUSTOMS


Flip-flop on edible oil policy — for whose benefit?
POLITICAL pressure, rather than supportive scientific evidence, seems to have won the day for palm oil importers. This is clear from the unseemly hurry shown by the Ministry of Finance in diluting the carotenoid condition. The move has ... More

FOREIGN TRADE


India, Finland plan to step up trade
INDIA and Finland have proposed to enhance the level of bilateral trade which is currently far below potential, though it had increased to $380 million in 2003-04, marking a growth of 41 per cent over the previous year. This was indicated at a ... More

Canadian team woos Indian cos
A TRADE-CUM-OFFICIAL delegation from Canada has made a pitch to attract Indian corporates to set up shop in the Greater Toronto Area (GTA). The GTA, comprising 29 municipalities, is considered the economic engine of growth of Canada. "It can ... More

HEALTH


Human trial of AIDS vaccine begins
AT about 12.30 p.m., the first shot of the investigational HIV/AIDS vaccine was administered on a healthy volunteer at the National AIDS Research Institute (NARI) in Pune reiterating India's commitment of developing a preventive therapy to combat ... More

AIDS clinical trials begin in Pune
With one of the three volunteers being injected with the tgAAC09 preventive AIDS vaccine at the National AIDS Research Institute (NARI) at around noon, India joins the big league of nations fighting against HIV/AIDS. Talking to presspersons, ... More

Organisations oppose repeal of infant foods Act
WILL companies manufacturing infant milk substitutes and infant food once again be able to advertise their products and promote them among doctors and in hospitals? A slew of organisations fear so, as they vociferously oppose the Ministry of Food ... More

INFRASTRUCTURE


17 new projects okayed for N-E
THE Ministry of Urban Development has sanctioned 17 new projects and schemes for the North-East and Sikkim during this financial year. "These schemes amounting to Rs 116.019 crore will be executed by NBCC or the State Government agencies. An ... More

STEEL


International Steel Institute panel to visit Tata Steel plant
MEMBERS of the Technology Committee of the International Iron and Steel Institute are expected to visit the plant of Tata Steel at Jamshedpur. The members are from 16 countries - Argentina, Austria, Australia, Belgium, Canada, China, ... More

TAXATION


`18 States have passed legislations on VAT'
AS many as 18 States have passed their legislations on State-level value-added tax (VAT) to be introduced from April 1 this year, the Member-Secretary of the Empowered Committee of State Finance Ministers on VAT, Mr Ramesh Chandra, said here ... More

Tea body plea on VAT
KOCHI: The Tea Buyers Association has urged the State Finance Minister to consider the request of the Association to include tea in the VAT schedule attracting 4 per cent tax. The Association made the request in view of the fact tea is ... More

BREWERIES


AP: New excise policy may spur liquor retail growth
THE new excise policy announced by the State Government on Monday is expected to spur a growth in the liquor retail outlets and bars. The policy effective from April, states that there would be 7,500 retail outlets compared to 6,812 licences ... More

EDUCATION


FMS, South Campus launches biz paper writing competition
THE Faculty of Management Studies (FMS), South Campus, has launched Taksha — the business paper writing competition conceptualised by students of MBA-Management of Services (MBA-MS). MBA-MS is the first of its kind full-time MBA ... More

FOODS & FOOD PROCESSING


Chandy lays foundation stone for food park
THE State Government is committed to providing all the infrastructural facilities required by industrial units in the State, said the Chief Minister, Mr Oommen Chandy. According to an official release, he made this observation while laying the ... More

REAL ESTATE & CONSTRUCTION


New housing project at Kochi
KOCHI: The State Fisheries Minister, Mr Domnic Presentation, has inaugurated a new luxury housing project initiated by Clearway Builders for the city. The project named Gran'diose is situated in the heart of the city near Ravipuram with ... More

INDUSTRY ASSOCIATIONS


Assocham seeks reduction in PLR
THE Associated Chambers of Commerce and Industry of India (Assocham) has called for reduction in prime lending rate (PLR) from existing 10-12 per cent to 6 per cent for exporters and 8-9 per cent for domestic borrowers. In addition, the ... More

SCIENCE & TECHNOLOGY


Scientists chosen for awards
HYDERABAD: Dr Geeta Kashyap Vemuganti, Head of Ophthalmic Pathology Service & Stem Cell Laboratory, at the L.V. Prasad Eye Institute, and Dr P. Reddanna Professor, School of Life Sciences, University of Hyderabad (UoH), have been selected ... More

FOREIGN DIRECT INVESTMENT


`26 pc FDI in defence sector to stay'
THE Defence Minister, Mr Pranab Mukherjee, who opened the seminar earlier, welcomed private sector role in defence projects. Already, over Rs 10,000 crore has been invested in indigenous projects such as the LCA, the Kaveri engine and the ... More

Call for FDI to make telecom systems at home
"THE security hole in telecom FDI plan" argument may fail to connect if only for the fact that the domestic telecom sector has been living with one for quite sometime now. Foreign telecom vendors are already performing system diagnosis in ... More

Singapore businessmen urged to invest in AP
THE State Government has appealed to the business community in Singapore to invest in food-processing, chemicals and pharmaceutical sectors in the State. Mr N. Raghuveera Reddy, Minister for Agriculture, who is on a three-day visit to ... More

EVENTS


Executive development programme in Mangalore on Feb 12
MANGALORE: The Justice K.S. Hegde Institute of Management, Nitte, will hold an executive development programme on `Strategic management of educational institutions with total quality management' in Mangalore on February 12. A press ... More

  • `Singapore calling' meet on Feb 11

    NATURAL CALAMITIES


    Star help
    Bollywood actor Saif Ali Khan performing at the `Help' concert in Mumbai late on Sunday. Entertainers from tinsel town took part in the concert to raise funds for Indian tsunami victims. ... More

  • Contributions to The Hindu Relief Fund

    TOURISM


    On the track
    Foreign tourists board a special train arranged by the Indian Railway Catering and Tourism Corporation at the Ernakulam South Railway Station. The recent tsunami does not seem to have dampened the prospects of the tourism industry in the State. ... More


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