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Tuesday, March 15, 2005

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INDUSTRY & ECONOMY

NRIS


Corpn Bank launches 3 online remittance products for NRIs
AS part of its centenary celebrations, Corporation Bank has launched three online remittance products, Corp X'press money, Corp Quick Remit and Remittance Through Exchange Houses. Mr V.K. Chopra, Chairman and Managing Director, during the ... More

BUDGET


`Withdrawal tax may drive depositors to post offices'
THE dwindling queues at the country's post offices could soon become longer, but this time around the rush could be at the counters offering banking services. A section of senior bankers are of the opinion that the Budget proposal to impose a ... More

COURTS/LEGAL ISSUES


Govt to computerise all courts over next 4 years
DELIVERANCE of justice may get expedited in the coming days, with the Government looking to fully computerise every court in the country over the next four years. "The Law Ministry is looking to spend Rs 300 crore to Rs 400 crore every year ... More

ECONOMY


`State has received highest number of industrial investment intents'
THE Maharashtra Governor, Mr S.M. Krishna, today said that the State has received the highest number of industrial investment intents till October 2004. Intents totalling 11,967 with a collective value of Rs 2,65,411 crore were received. It ... More

ENGINEERING


CII-GBC to organise meet on turbo machinery
THE CII-Sohrabji Green Business Centre (CII-GBC) is planning to organise a two-day Turbomachinery-2005 here next month, focussing on improvement opportunities in turbo machinery. The seminar, beginning April 15, would cover a range of issues ... More

FERTILISERS


Thanjavur liquid bio-fertiliser unit goes on stream
A LIQUID bio-fertiliser plant has become operational in the SIDCO Industrial Estate at Thanjavur. Stated to be the first of its kind in the State, the plant promoted by Tari Biotech under the New Anna Marumalarchi Thittam, is fully automated ... More

FOREIGN TRADE


Kamal Nath seeks Belgian initiative to address NTB issues
THE Commerce and Industry Minister, Mr Kamal Nath, on Monday sought Belgian initiative to settle the issues of non-tariff barriers (NTBs) faced by Indian exporters in the European Union (EU). Addressing the `Indo-Belgium: Building strong ... More

Belgium keen to strengthen bilateral ties in ports, power, IT
BELGIUM has said it is keen to expand the trade basket and look at newer areas that include port services, logistics, environmental technology, power generation. Stating that diamond was the main trading activity between the two countries, the ... More

PSU


Oil PSUs may get limited autonomy to fix prices
THE Minister for Petroleum and Natural Gas, Mr Mani Shankar Aiyar, on Monday said the Government would like to give public sector oil firms limited autonomy to fix petrol and diesel prices within a narrow price band, once international prices ... More

PETROLEUM


Monitoring mechanism for distribution of LPG cylinders tightened
IN order to curb the growing instances of black marketing of domestic gas cylinders and ensuring easy availability to genuine customers, the Ministry of Petroleum and Natural Gas has worked out a tighter monitoring mechanism for distribution of ... More

Aiyar rules out shifting of HPCL refinery from Punjab
THE Minister for Petroleum and Natural Gas, Mr Mani Shankar Aiyar, on Monday ruled out shifting Hindustan Petroleum Corporation Ltd's (HPCL) refinery from Bhatinda in Punjab to Rajasthan since more than Rs 300 crore had been spent on the project. ... More

POWER


  • Energy pros form body

    TAXATION


    Budget: Innovative and worrisome
    You are not here to tell me what to do. You are here to tell me why I have done what I have already decided to do. — Montagu Norman, former Governor of the Bank of England. THE Finance ... More

    VAT: Bengal trade body to observe hunger strike
    THE Federation of West Bengal Trade Associations (FWBTA) has decided to observe an All-Bengal hunger strike on March 17, protesting against the introduction of VAT from April 1, without giving due weightage to the demands of the FWBTA and other ... More

    WATER


    Kerala Govt expediting drinking water projects: Minister
    THE State Government is taking steps to expedite the drinking water projects to be implemented in the State with the assistance of Japan Bank for International Cooperation (JBIC). The Minister for Water Resources, Mr Thiruvanchoor ... More

    COAL


    Foreign cos offer to supply coal on fixed-price basis
    A CLUTCH of foreign companies have begun offering fixed price supplies of coal to domestic power projects. Sources said that among the international companies which had pitched for tying up long-term, fixed-price, coal-supply contracts ... More

    RADIO/TV


    DTH panel wants Govt to set up own monitoring system
    THE committee looking into the security issues of the direct-to-home (DTH) broadcasting has suggested that the Government set up its own monitoring station not just for this service but for all the satellite channels beaming into the ... More

    Sony Entertainment to acquire SAB TV brand for Rs 57 cr
    SET Satellite (Singapore) Pte Ltd, which owns the Sony Entertainment and Max Channels, is to acquire the SAB TV brand. Sri Adhikari Borthers Television Network Ltd (SABTNL) today informed the BSE that SET Satellite Singapore would pay $13 ... More

    Prasar Bharati reconstructing DD transmitter at Nicobar
    PRASAR Bharati is reconstructing the low-power transmitter (LPT) of Doordarshan (DD) at Car Nicobar Island at a cost of Rs 80 lakh, according to Mr S. Ramaswamy, Chief Engineer (South Zone), All India Radio and Doordarshan, Chennai. The ... More

    FM radio transmitter facility to be set up in Sringeri
    SRINGERI, the temple town at Chikmagalur district in Karnataka, is likely to get an FM radio transmitter by the end of next year. Mr S. Ramaswamy, Chief Engineer (South Zone), All India Radio and Doordarshan, Chennai, told newspersons here on ... More

    EDUCATION


    IITs to offer new courses
    THE Indian Institutes of Technology (IITs) have decided to start new courses at three locations from the 2005-06 academic sessions in various areas including nanoscience. Also a number of additional courses in the areas of waste-water science ... More

    FOODS & FOOD PROCESSING


    Meet on food processing from March 25
    A NATIONAL Convention on Prospects for Food Processing Sector in Andhra Pradesh is being organised by the APITCO at Vijayawada on March 25-26. The convention will focus specifically on the potential opportunities available for the prospective ... More

    READYMADE GARMENTS


    Lower drawback duty to hit garment exporters
    Many garment exporters had turned to producing niche products because they could not compete with Chinese producers in the mass production segment. More

    BIO-TECH & GENETICS


    Indian drug firms focus on micro-organisms
    MORE than two decades after an Indian-born scientist, Dr Ananda Chakraborty, obtained the first global patent in the US on a `live organism' - the genetically modified bacteria that was useful in the petroleum industry the interest in ... More

    SCIENCE & TECHNOLOGY


    MTAR Tech hands over grid plate tech to IGCAR
    THE city-based MTAR Technologies on Sunday handed over the first indigenously developed `Grid Plate' manufacturing technology to the Indira Gandhi Centre for Atomic Research (IGCAR). Terming it a "truly world-class achievement", the Chairman of ... More

    GENDER


    Girsl campaign
    Young girls participating in a rally in the Capital on Monday organised by Campaign demanding an end to employing female child workers.

    More

    FOREIGN DIRECT INVESTMENT


    100% FDI in wholesale trading under automatic route likely
    IN order to facilitate easier inflow of foreign direct investment, the Government is planning to permit 100 per cent foreign direct investment (FDI) in wholesale trading under the automatic route. The activities likely to be permitted under the ... More

    SOCIAL WELFARE


    SBI unveils social card
    SBI Card on Monday launched a credit card, SBI Social Card, in partnership with four organisations devoted to social causes. This is the first affinity card in the country to feature four NGOs, said Mr Roopam Asthana, Chief Executive ... More

    RURAL DEVELOPMENT


    Microfinance: Banking for the poor, not poor banking
    GLOBALLY, over a billion poor people are still without access to formal financial services and some 200 million of them live in India. Microfinance, the provision of a wide range of financial services to the poor on ... More

    Performance of panchayati raj bodies unsatisfactory: Study
    A DECADE since the devolution of various powers to local self-government institutions in Kerala, the performance of many of these bodies is not satisfactory, according to a study done by the Thiruvananthapuram-based Sahayi - Centre for ... More

    EVENTS


    Meet on new computing horizons
    THE two-day National Convention of Computer Engineers (Ficom 05), hosted here by the Institution of Engineers (India), Kerala State Centre, concluded here on Sunday. According to Mr N. Rajkumar, Honorary Secretary, IEI-Kerala, a large number ... More

    Workshop on computational chemistry portal at Thiruvananthapuram
    THE Indian Institute of Information and Management-Kerala (IIITM-K) and the Indian Institute of Technology-Madras are jointly conducting a two-day workshop on setting up a `Computational Chemistry Portal' under the Education Grid project. To ... More

    CONSUMERISM


  • `Consumers lack awareness'

    EXPORTS & IMPORTS


    No case for duty cut on palm oil; Govt must extract mileage from import power
    IT was exactly four years ago that India raised the Customs duty on various edible oils rather steeply after taking into account factors such as international and domestic prices, support to domestic oilseeds growers and protection of consumer ... More

    EU emerges largest Indian seafood buyer
    Exports have risen seven per cent despite fall in shipments to US, Japan. More

    Exports post 8 pc growth in February
    THE country's trade deficit during the first 11 months of the current fiscal zoomed to an unprecedented $23.8 billion as compared to the corresponding months of the previous fiscal, fuelled by a high export growth and a relatively higher import ... More

    Mundra port set for huge raw sugar imports
    IT looks like fine sand, but it soon becomes evident that the huge mounds that are getting unloaded from the Handimax vessel m.v. Alfanourios is raw sugar. On the other side of the quay, there are no such mounds getting piled up but the smell ... More

    NATURAL CALAMITIES


    Tremor rocks Mumbai
    MODERATE intensity tremors were felt in Mumbai and adjoining areas as an earthquake measuring 5.1 on the Richter scale hit the Koyna region in western Maharashtra on Monday. The officials at the Regional Meteorological Centre said that the ... More

    `Tsunami reconstruction to cost India $1.2 b'
    The assessment puts productivity losses at $450 million. More

    TOURISM


    Kerala Tourism to unveil new TV campaign
    AFTER saying "This is Kerala" with its iconic `Watercolours by God' campaign released in 2000, Kerala Tourism has now unveiled a set of fresh television commercials that depict "God's own country in a new light." The new ad films, which were ... More


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