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Friday, February 11, 2005

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INDUSTRY & ECONOMY

CLIMATE & WEATHER


12 districts in Kerala record `excess' rain
WITHDRAWAL of the northeast monsoon from the State in late January saw a revival in rain activity with 12 out of 14 districts recording `excess' rain during the 15-day period ended February 9. Only Pathanamthitta (`deficient') and ... More

NON-CONVENTIONAL ENERGY


N-power plant not feasible in Kerala, says Minister
THE Electricity Minister, Mr Aryadan Muhammed, has ruled out the possibility of setting up a nuclear power plant in the State since the high density of population did not allow scope for one. Replying to questions, the Minister told the State ... More

LOTTERY


Kerala HC ruling on lotteries
A DIVISION Bench of the Kerala High Court has held that lotteries which hold certificates for payment of sales tax on the date of the lottery ban order should be treated as valid for sale and could conduct draw on scheduled dates. The Bench, ... More

ANTI-DUMPING


Mid-term review of dumping duty on methylene chloride
THE Designated Authority in the Commerce Ministry has initiated mid-term review of anti-dumping duty imposed on methylene chloride from the European Union, South Africa and Singapore. Though the authority on its own in terms of its rules ... More

BUDGET


Budget: Confectioners' plea to limit duties
THE Indian Confectionery Manufacturers' Association (ICMA) has urged the Finance Minister to limit the maximum impact of duties and taxes on confectioneries to 12.5 per cent including excise duty of 8 per cent and other State taxes of 4 per ... More

Kerala Budget misses many vital aspects, say analysts
`There has been a total disregard for the State-level public sector enterprises, traditional sector and small-scale industries.' More

ECONOMY


Chidambaram's 5-point agenda for India to drive global economy
THE Finance Minister, Mr P. Chidambaram, on Thursday outlined a five-point agenda, including the need to "keep aside sterile political controversies," for India to drive the global economy in the 21st century. Inaugurating the ICC India ... More

Market for savings second only to food
PRIVATE final consumption expenditure in India, as a percentage of GDP, has been slowly but steadily declining from 1990. This percentage has fallen from 75.8 per cent in 1990 to 70.7 per cent in 2003. Surprisingly, this trend does not seem to ... More

Rs 11,000-cr Plan outlay for Gujarat
THE annual Plan of Gujarat for 2005-06 has been fixed at Rs 11,000 crore at a meeting between the Planning Commission Deputy Chairman, Dr Montek Singh Ahluwalia, and the Chief Minister, Mr Narendra Modi, here today. While appreciating the ... More

FOREIGN TRADE


Hamriyah Free Zone woos Indian investors
THE Sharjah-based Hamriyah Free Zone (HFZ) is holding roadshows in the country with an offer of competitive incentives and facilities to attract investors from India to set up business ventures in the zone. The HFZ has already conducted two ... More

HEALTH


ASCI to host health meet in Hyderabad
THE Union Ministry of Health and Family Welfare, in collaboration with the Andhra Pradesh Government and the Administrative Staff College of India (ASCI), here will organise a two-day, Second Regional Workshop on Health Sector Reforms in India: ... More

HOTELS


Hotel industry seeks infrastructure status
IN an effort to access funds at cheaper rates and avail itself of concessions under the income-tax rules, the domestic hotel industry has sought infrastructure status. The issue was raised with the Finance Minister, Mr P. Chidambaram, by ... More

PETROLEUM


`Synergy in energy' panel report on oil PSUs to be ready by May
THE advisory committee on synergy in energy will submit its report by May, the Petroleum Minister, Mr Mani Shankar Aiyar, said on Thursday. "It was felt that there is a need for oil public sector undertakings to leverage their strengths in ... More

PHARMACEUTICALS


Govt promises amendment — Freeze on psychotropic drug sale put off till February 25
The meetings come just in time, as medicine shortages were beginning to be reported from different parts of the country. More

Traders seek Govt intervention in resolving chemists stir
THE Confederation of All-India Traders (CAIT) has asked the Government to intervene and resolve the stir by chemists and druggists protesting against "bureaucratic procedures" of the Narcotics Drugs and Psychotrophic Substances Act. In a ... More

POWER


Coal India, ONGC plan to set up 200 MW power plant
AS part of their proposed joint venture, ONGC and Coal India Ltd (CIL) plan to set up a 200 MW power plant that will use gas produced from gassified coal. This will be the first ever project of its kind in India where gassified coal will be ... More

STEEL


Budget unlikely to alter steel duty structure
THE Government is unlikely to respond to demands made by big steel producers to raise the import duty of seconds and defective steel products. Government sources said any more changes in the import and export duty structure of steel products in ... More

Stainless steel sector seeks curbs on chromite ore export
THE stainless steel industry wants curbs on export of chromite ore and chromite ore concentrate apprehending that there could be a shortage in the future when more and more large stainless steel capacities go on-stream within the next four to ... More

RADIO/TV


It's entertainment unlimited
Behind the non-stop entertainment that FMs offer is the hard work of a dedicated team. Read on to get the real picture inside a radio station. More

REAL ESTATE & CONSTRUCTION


Row over commercial use of old Vizag jail premises
THE proposed commercialisation of the old jail site here, 28 acres in the heart of the city, has triggered a controversy, with many organisations and individuals opposing the move, as they apprehend that it will add to the pollution and leave no ... More

PRECIOUS METALS


Spot gold may head lower
SPOT gold prices tumbled lower on expected lines due to a rebound in the dollar against the major currencies and the prospect of the International Monetary Fund selling bullion from its reserves for Third World debt relief. There was no ... More

INDUSTRY ASSOCIATIONS


Assocham seeks amendment in SEZ legislation
THE Association of Chambers of Commerce wants developers of Special Economic Zones (SEZs) exempted from VAT (value added tax). In a representation to the Commerce Minister, Mr Kamal Nath, the Assocham President, Mr Mahendra K. Sanghi, said that ... More

BIO-TECH & GENETICS


Biotech park to have animal resource facility
IN a move that would attract discovery driven companies to India, a National Animal Resource Facility (NARF) would soon be set up at the Shapoorji Pallonji Biotech Park on the outskirts of Hyderabad, the Director General of Indian Council of ... More

Gujarat Govt to set up biotech park in Vadodara
GUJARAT is betting big on biotechnology. The State with strengths in the pharmaceuticals, chemical and manufacturing sectors, has created a State Biotechnology Mission (GSBTM) as well. It proposes to set up the Gujarat Biotechnology Park in ... More

EVENTS


AP Govt to beef up infrastructure
AIMED at attracting more global research and development (R&D) companies and manufacturing firms in the area of biotechnology to locate their facilities in Andhra Pradesh, the State Government has decided to strengthen infrastructure, the State . More

Seminar for working women
WITH an increased number of first generation women entering the workforce, certain issues have come to the forefront. Ms Kavitha D Chitturi, Chairperson-Chennai Chapter of the FICCI Ladies Organisation (FLO), said women, especially in the ... More

  • Khadi exhibition in Udupi
  • Seminar on patents in Thiruvananthapuram

    EXPORTS & IMPORTS


    Seafood exports may dip 10 pc
    SEAFOOD exports during the current fiscal are likely to fall by 10-15 per cent over the previous fiscal due to the anti-dumping duties imposed by the US, impact of tsunami and drop in prices of marine products, said Mr A. J. Tharakan, President ... More

    NATURAL CALAMITIES


  • Contributions to The Hindu Relief Fund

    ALTERNATIVE MEDICINES


    Ayurveda for the eye
    If detected early, ayurvedic treatment can do wonders for eye ailments, and render surgical intervention unnecessary. More

    TOURISM


    A BUSINESS LINE FEATURE
    Holidaying in Kerala — Simply divine
    God's Own Country isn't just about its beaches and backwaters. From corporate getaways that pack in work and fun, culinary holidays and home stays to experiences tailored to one's own tastes — Kerala's got it all and more. More

    Kalam to open global tourism meet
    THE President, Dr. A.P.J Abdul Kalam, is to inaugurate the three-day fifth global travel and tourism summit that opens here on April 8. Addressing a press conference, the Chairman of the World Travel and Tourism Council India Initiative, Mr ... More

    Kerala Tourism Institute gets ISO certification
    THE Kerala Institute of Tourism and Travel Studies (KITTS) has been awarded the ISO 9001:2000 certification. The Kerala Tourism Minister, Mr K.C. Venugopal, who is the Chairman of KITTS, received the certificate from Mr V. S. Dileep, Regional ... More

    Centre sanctions Rs 21.75 cr for Kerala tourism projects
    THE Centre has sanctioned Rs 21.75 crore for various tourism projects in the State. Announcing this at a press conference in the city today, the State Tourism Minister, Mr K.C. Venugopal, said the funds would be used for various projects, ... More

    PEOPLE


    Steve Waugh looking for business opening partner
    FORMER Australian cricket captain Steve Waugh has thrown his hat into the ring, albeit of a different kind. The former cricketer, who was revered for his tough attitude on the field, is looking for business opportunities in India. Mr Waugh, who ... More

  • ISACA Kochi chapter chief

    TRENDS


    Glut wears down old clothes
    FOR years, Ms Subhra Nandi, a resident of north Kolkata, has been getting her household utensils from Kashi, one of those peripatetic traders - women who move from door-to-door with a bundle on their head, bartering new products such as utensils ... More


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    Top Stories
    Chidambaram's 5-point agenda for India to drive global economy


    IMF bouquets and brickbats

    Crop estimation process still proving tricky

    BSNL to award billing order to CSG Systems

    No refund for Bharti's licence fee: Maran

    Market for savings second only to food

    Seafood exports may dip 10 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. 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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