Financial Daily from THE HINDU group of publications
Friday, February 18, 2005

News
Features
Stocks
Port Info
Archives
Google

Subscription

Group Sites

INDUSTRY & ECONOMY

NON-CONVENTIONAL ENERGY


Foundation stone laid for Rs 17-cr bio-diesel plant at Nalgonda
THE German Ambassador to India, Mr Heimo Richter, on Thursday laid the foundation stone for the Rs 17-crore bio-diesel project here, claimed to be the first commercial bio-diesel plant in the country. The project, being taken up by Southern ... More

ECONOMY


Assam annual Plan at Rs 3,000 cr
THE annual Plan for Assam for 2005-06 has been pegged at Rs 3,000 crore inclusive of an additional Central Plan assistance/special Plan assistance of Rs 300 crore for funding the reconstruction plan of the State linked to specific ... More

ENVIRONMENT


Prithvi 2005 to begin in Thiruvananthapuram
THE Governor, Mr R.L. Bhatia, will inaugurate Prithvi 2005, the 10-day eco-meet scheduled to begin here on Saturday. Announcing this at a press conference in the city today, Mr C.V. Ananda Bose, Working Chairman, Organising Committee, said the ... More

FOREIGN TRADE


Poland lures Indian industry with sops
THE Republic of Poland has announced major tax and other incentives to the Indian entrepreneurs setting up manufacturing units in the country, which include grants for new investments, creation of jobs and training employees and support from ... More

Dikshit proposes Asian metro cities network for urban renewal
THE Chief Minister of Delhi, Mrs Sheila Dikshit, on Thursday urged for Asian metro cities network for urban renewal. She was speaking at the inauguration of the bazaar organised by the Federation of Indian Chambers of Commerce and Industry ... More

Italian team seeks tie-ups with Kerala entrepreneurs
A BUSINESS delegation from Venice, Italy, has evinced interest in forging alliances with entrepreneurs in Kerala in the areas of boat building, seafood, food processing and information technology. "We would like to establish business ... More

Austria for greater trade ties
THE President of Austria, Dr Heinz Fischer, on Thursday called for a new spirit of openness in Indo-Austrian trade ties. Addressing the `India-Austria: Partners in Progress' business meeting organised by the Federation of Indian Chambers of ... More

Input-output norms for 27 items notified
NEW DELHI: The Directorate-General of Foreign Trade (DGFT) has notified additional standard-input output norms (SION) for 27 new export items and amendments/deletions/corrections in the SION for 35 existing export items. Of the 27 new ... More

HEALTH


Nabard aid for health projects in Kerala
THIRUVANANTHAPURAM: The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 31.83 crore from its Rural Infrastructure Development Fund for various health schemes in Kerala under the Rural Health Improvement ... More

INFRASTRUCTURE


Award for Kinfra chief
THIRUVANANTHAPURAM: The National Institute of Personnel Management (NIPM) has conferred its `lifetime achievement award' on Dr G.C. Gopala Pillai, Managing Director of the Kerala Industrial Infrastructure Development Corporation. The ... More

PETROLEUM


NIGEC, GAIL agree on gas delivery point
THE National Iranian Gas Export Company (NIGEC) has agreed to the proposal of GAIL (India) Ltd to have the delivery point of gas at the Indian border. The breakthrough in the ongoing discussions between India and Iran on the ... More

Retail outlet of IOC at Sirsi
MANGALORE: The Karnataka Cooperation Minister, Mr R.V. Deshpande, will inaugurate the 21st retail outlet of Indian Oil Corporation Ltd (IOC) in Uttara Kannada district, at Sirsi on February 18. A press release by the Mangalore divisional ... More

PHARMACEUTICALS


Ministry to relax rules for movement of psychotropic drugs
THE Finance Ministry has finally come to the rescue of millions of patients who were affected by the shortage of psychotropic drugs. The Ministry is planning to come up with a notification amending the narcotics rules making it easier for both ... More

`Exciting times ahead for Indian pharma industry' — New Patents Act may bring in $10-b business
THE pharmaceutical industry can look to exciting times as huge global opportunities are set to come its way, especially with the new Patents Act in place, according to Dr William A. Haseltine, one of the leading experts in genomics. He said the ... More

POWER


Part-day peaking charges for power transmission on cards
THE Central Electricity Regulatory Commission (CERC) is likely to introduce part-day peaking charges for transmission of power, with slabs of 12-hours or even up to six-hours, instead of the full-day charges being levied currently. This could ... More

Maharashtra Govt to buy entire DPC output at Rs 2.30/unit
CRIPPLED by power shortages of about 3,000 MW, the Maharashtra Government has agreed to buy the entire output of power from Dabhol Power Company (DPC) at Rs 2.30 per unit but it is not likely to flow into the grid for nearly over a yearpossibly ... More

TEXTILES


`Govt willing to ease burden of EC Act on spinners'
TEXTILE sector is keen to disengage from the purview of the Essential Commodities Act. But, the Central Act does not want this to happen that easily. Exemption of the textile industries from the Essential Commodities Act, one of the long ... More

Ad valorem drawback rate for textile exporters mooted
THE Ministry of Textiles has recommended to the Finance Ministry the re-introduction of the ad valorem-based duty drawback system for textile exporters. The Secretary, Ministry of Textiles, Mr R. Poornalingam, told reporters here on Wednesday ... More

SSI


Govt aid to set up entrepreneur development institute for SSIs
THE Ministry of Small Scale Industries has sought to give a fillip to institutionalising entrepreneur training in the SSI sector to make them market-savvy. The Ministry has come forward to encourage the foras for SSI to develop Entrepreneur ... More

WATER


Water levels dip in Kerala reservoirs
THIRUVANANTHAPURAM: The water level in all three major reservoirs of the State — Idukki, Idamalayar and Kallada — has declined slightly when compared to last week's position, says an official press release. The water level ... More

RADIO/TV


Prasar Bharati plans to seek funding from World Bank
PRASAR Bharati Corporation is looking for funds and has asked the Union Government to facilitate in receiving assistance from the World Bank According to Mr K.S. Sarma, CEO, Prasar Bharati, "The International Finance Corporation, the lending ... More

EDUCATION


Australian envoy calls for better ties in education sector
NEW business-level partnerships need to be developed between Australian universities and Indian centres of excellence, according to Mr John McCarthy, High Commissioner of Australia. There is enormous opportunity for both countries to use each ... More

Company Secys exam results on February 25
THE results of company secretaries examination held in December 2004 are to be declared on February 25. The results will be displayed simultaneously at the Institute's headquarters and regional offices including 68 chapter offices and ... More

AUTOMOBILE COMPONENTS


`Auto component industry to see 5-fold growth in 10 years'
WHILE India enjoys certain advantages to become a global outsourcing hub for auto component industry, there are also some hitches that needed to be corrected if the full potential of the country is to be realised, according to Mr V.K. ... More

REAL ESTATE & CONSTRUCTION


Rahejas take up expansion of IT Park with Maximus
THE K. Raheja group, developers of Mindspace IT Park here, with about one million sq ft, plans to add another million sq ft in about 12 months. Laying the foundation stone for Maximus in Mindspace IT Park on Wednesday, the State Chief Minister, ... More

PAPER, BOARD & NEWSPRINT


Paper mills plan price hike
GIVEN depleted inventories, almost all large paper mills are contemplating a hike in writing and printing paper prices, on an average by Rs 1,000 a tonne, from March 1. These mills last revised their prices in October 2004. Available ... More

FOREIGN DIRECT INVESTMENT


`Banks may tap FDI for Basel II needs'
BANKS in India may explore Foreign Direct Investment route to raise funds for meeting the Basel-II norms, said Ms Naina Lal Kidwai, Deputy Chief Executive Officer, HSBC Ltd. Speaking at the annual public lecture organised by the A.D. Shroff ... More

Cabinet defers decision on FDI in real estate
THE Union Cabinet on Thursday deferred a decision on permitting foreign direct investment (FDI) in real estate and construction sectors till the completion of the Assembly elections in Bihar and Jharkhand. "No decision has been taken today. It ... More

HUMAN RESOURCES


Bangalore tops in temp salaries
THERE'S no doubt Bangalore is the place to head for if you are in the job market. A Nasscom-Hewitt report released on Tuesday says IT pros in the city command eight per cent higher compensation than their counterparts in other parts of the ... More

Mirasoft launches job search course in Kerala
THIRUVANANTHAPURAM: MIRASOFT, a Varkala-based company, is launching a `professional enrichment course' in Kerala. The programme will give participants the professional skills required to achieve success in the modern workplace, said Ms ... More

EXPORTS & IMPORTS


Govt urged to encourage import of raw sugar
"The Government can also allow white sugar imports by STC, FCI and MMTC." More

`Availability of raw material can boost export of spices oils'
GROWTH of exports of oleoresins and spices oils, currently at 15-20 per cent, can be higher if the raw materials such as penchant-free paprika and good quality turmeric are indigenously available, according to Mr C.V. Jacob, Managing Director of ... More

NATURAL CALAMITIES


`Tsunami destroyed 70% of Nicobar's infrastructure' — Mr Mohamed H. Jadwet, President, Andamans Chamber of Commerce and Industry
The tsunami has devastated the economy of Andaman and Nicobar (A&N) Islands, and put paid to an estimated Rs 50 crore in tourism income the next four months, the peak tourist season, says Mr Mohamed H. Jadwet, President, Andamans ... More

Overseas buyer in talks for tsunami-hit Hyundai cars
NEGOTIATIONS are on with an overseas buyer for disposing of the 1,192-Hyundai cars that were hit by the tsunami on December 26. Mr Ronald Priest, a loss and recovery consultant, is here representing the buyers and is negotiating with Hyundai to ... More

Cabinet clears Andaman & Nicobar relief package
THE Union Cabinet on Thursday has approved a relief-and-rehabilitation package worth Rs 821.88 crore for the Union Territory of Andaman and Nicobar Islands. It also gave its nod to increase the subsidy component for fishermen from 35 per cent to ... More

  • ICSI contribution
  • Contributions to The Hindu Relief Fund

    TOURISM


    Taj resort in Maldives offers new package
    THE Taj Coral Reef Resort in the Maldives has introduced special three-night holiday offers for its guests between February 1 and March 31, 2005. According to an official statement, a three-night stay at the beach villa is available for $650 on ... More

    Swiss tour packages becoming cheaper
    IF you have always yearned for a Swiss holiday, this is the time to make it come true. With Indian skies opening up and more carriers being allowed to operate in the country, airfares have come down and this is reflecting on holiday packages as ... More



    Comments & Letters to the Editor to: bleditor@thehindu.co.in
    Subscribe to: Business Line
  • Pick a Winner Stock Market Contest

    Top Stories
    `Tsunami destroyed 70% of Nicobar's infrastructure' — Mr Mohamed H. Jadwet, President, Andamans Chamber of Commerce and Industry


    Falling commodity prices may hit poor nations: FAO report

    Prasar Bharati plans to seek funding from World Bank

    Paper mills plan price hike

    Govt urged to encourage import of raw sugar

    Ministry to relax rules for movement of psychotropic drugs

    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
    Feb. 6-Feb. 12
    `Give priority to drug affordability'

    Marketing can be done without a patent: Madras HC

    Imported edible oils — Revenue considerations behind move not to slash tariff values?

    Hundred movies in one DVD?

    Hike in R&D spends eats into pharma cos' profits

    NCB cautions pharma cos on distributors with dubious connections

    VAT panel seeks removal of CST waiver on inter-State purchases

    Auto majors see rise in Q3 input costs

    Southern mills way ahead in raw sugar imports

    Govt hopeful of meeting export targets

    Policy on FDI in retail, realty soon: Kamal Nath

    Seafood exports may dip 10 pc

    Market for savings second only to food

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

    Industrial output up 7.9 pc in Dec


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

    Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line