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Saturday, March 19, 2005

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INDUSTRY & ECONOMY

EMPLOYMENT


Elusive white-collars
A board in front of a job consultancy office near the KSRTC bus stand in Kochi announces daily job vacancies. There are 37.91 lakh educated job seekers in Kerala, a sharp increase of 1.56 lakh from the year-ago period, according to figures ... More

CLIMATE & WEATHER


ISRO tech pact to make auto weather stations
ISRO's commercial arm, Antrix Corporation, and Astra Microwave Products Ltd of Hyderabad today signed a technology transfer agreement for the indigenous commercial production and supply of automatic weather stations developed by ISRO. Astra ... More

NON-CONVENTIONAL ENERGY


ONGC, HPCL, Reliance bet big on wind energy
MEGA companies Oil and Natural Gas Corporation (ONGC), Reliance Energy and Hindustan Petroleum Corporation Ltd (HPCL) are among those betting big on the potential of the wind energy sector and, along with equipment major Suzlon, are toying with ... More

CONSUMER ELECTRONICS


Consumer electronics majors not to cut prices post-VAT
CONSUMER electronics manufacturers have decided to stay away from price cuts in contradiction to consumer expectation in the post value added tax (VAT) regime beginning next month. "We have witnessed a delay in purchase decisions based of the ... More

ECONOMY


Inflation up on costlier manufactured products
THE annual wholesale price-based inflation went up by 0.35 percentage points to 5.3 per cent during the week ended March 5, as against 4.95 per cent during the previous week. The year-on-year inflation rose mainly due to costlier manufactured ... More

Dornier Consulting submits proposals to woo investment in TN
DORNIER Consulting GmbH of Germany, consultant in traffic, transportation and resources management, has submitted detailed proposals to the Tamil Nadu Government to attract investments in automobile and allied sectors. According to apress ... More

Unspent funds with Govt not readily available
"Since the EG Fund is not an escrow account, it gets subsumed into the Consolidated Fund and is easy pickings for the Government. It has fallen an easy prey to the temptation." More

ENVIRONMENT


Phase out mercury thermometers: NGO
AN environmental NGO, Toxics Link, has called for adoption of "strong measures" including phasing out of mercury thermometers from the healthcare industry to reduce and/or eliminate mercury in wastes. An average-sized hospital in Delhi ... More

Central team to go into plea for Sabarimala forestland
A HIGH-level Central team is expected to visit Sabarimala on Saturday and hold discussions with the State Government and Travancore Devaswom Board (TDB) officials on the demand for 500 acres of forestland for development of the pilgrim centre. ... More

EXCISE AND CUSTOMS


Bill to amend AP Excise Act
HYDERABAD: A Bill to amend the Andhra Pradesh Excise Act, 1968 to regulate the movement of materials used in illicit distillation of liquor has been introduced in the Legislative Assembly on Friday. The 1968 Act does not have any ... More

FOREIGN TRADE


Bush selects Portman as Trade Representative
THE US President Mr George W. Bush has selected Ohio Republican Congressman Mr Rob Portman as his top trade negotiator to succeed Mr Robert Zoellick who has moved over to the Foggy Bottom to be the Deputy Secretary of State. Mr Bush said that ... More

`US, EU should switch over to ad valorem duty'
TRADE Ministers of Group of Twenty (G-20) developing countries on Friday held that there cannot be any progress in tariff-reduction formula negotiations unless the European Union (EU) and the US changed their specific duty or non-ad valorem ... More

HEALTH


Should `dream' products attract disclosure norms?
THE possibility of the Maharashtra Food and Drug Administration (FDA) putting companies that sell "dreams" under the scanner appears to have stirred a hornet's nest. While every company dealing with cosmetics, claims its products are safe and ... More

Baby products safe, says J&J
"Safety, toxicology and other assessments of ingredients and final formulations have confirmed that the final product is gentle on a baby's skin," the firm claims. More

PETROLEUM


ONGC to develop western offshore block
ONGC is taking up the development of Block SB-11, north-west of the giant Vasai (Bassein) gas field, said a company release here. Success of recent exploratory well SB-11 led to determination of in-place oil potential of about 30 million ... More

GAIL may share Kochi LNG terminal capacity
GAS Authority of India Ltd (GAIL) may share the enhanced capacity of the LNG terminal being set up in Kochi by Petronet for supplying gas to the Kayamkulam station of National Thermal Power Corporation (NTPC). GAIL and NTPC had entered into an ... More

PHARMACEUTICALS


TCS packages for pharma sector
TATA Consultancy Services has two new offerings in store for the pharma and clinical trials market. The clinical trials management system is a package that provides automated IT support for companies undertaking clinical trials. The other ... More

VAT tool for medical retail
HYDERABAD: Essel Software has announced the launch of a VAT-related software for medical retail traders. The Managing Director of Essel Software, Mr Sridhar Narra, said in a statement that Retail Phramasoft helps retailers automatically ... More

Drug makers demand cut in excise duty
THE Indian Drug Manufacturers Association (IDMA) on Friday demanded a reduction in excise duty on drugs and pharmaceutical products to 8 per cent from the current 16 per cent. At a protest rally here against the Government's decision to charge ... More

POWER


Coal shortage: NTPC units in critical stage
The Power Ministry has asked the State electricity boards and NTPC to expedite coal imports to keep their plants running. More

TAXATION


States opting for VAT may not get full compensation
STATES that opt to shift over to the value added tax (VAT) regime are unlikely to receive full compensation for revenue shortfalls as demanded by them. Official sources said that instead, most of them were expected to receive substantially ... More

VAT woes for poultry sector
Kerala's notification excludes poultry from list of exemption categories. More

Export cess hits chilli, turmeric
THE decision of the commercial tax authorities to review the sales assessments of turmeric and chilli merchants and collect tax on exports for previous years has led to a crisis in both the markets, with the turmeric merchants already stalling ... More

VAT the heck?
A hoarding in Hyderabad promises a fall in prices of essential commodities with the introduction of the value added tax from April 1. However, there is widespread confusion among traders and consumers about new tax regime. ... More

WATER


Kerala Govt to take up water shortfall issue with TN
THE Kerala Government will talk to the Tamil Nadu Government on the shortfall in the release of water to the State from the Parambikulam-Aliyar Project. The Water Resources Minister, Mr Thiruvanchoor Radhakrishnan, told the State Assembly on ... More

`Tap water sources to curb crisis'
HYDERABAD: With 32 of the 52 mandals in Prakasam district recording a shortfall of 40 per cent in average annual rainfall, Dr Y.S. Rajasekhara Reddy, Andhra Pradesh Chief Minister, directed officials to tap a variety of sources to address ... More

MANAGEMENT


Jamnalal Bajaj alumni meet today
JAMNALAL Bajaj Institute of Management Studies will hold its annual alumni meet on Saturday in Mumbai. Nostalgia 2005, the event, expects a turnout of around 600 alumni. Amongst other activities, the event will witness the felicitation of ... More

RADIO/TV


Prasar Bharati sends legal notice to channels on cricket footage
PRASAR Bharati on Friday sent legal notices to over a dozen channels, including NDTV, Aaj Tak, ESPN-Star Sports and CNBC, for alleged violation of the copyright norms, by airing footage of the on-going India-Pakistan cricket series. According ... More

EDUCATION


Course in electromagnetic waves
HYDERABAD: The Institution of Electronics and Telecommunication Engineers (IETE) will organise a three-day course in `Electromagnetic waves and transmission lines' beginning March 25. "The course is aimed at students and young engineers ... More

REAL ESTATE & CONSTRUCTION


Construction cos sitting on orders worth Rs 40,000 cr
THE wheels of the domestic construction industry are spinning at a frenetic pace. With the Government sharpening its focus on infrastructure development, the top 15-odd construction companies are today sitting on bulging order books that have ... More

Two-thirds of construction cos based in AP
NEARLY 65 per cent of the construction companies in the country at present belong to Andhra Pradesh, according to Mr E. Sudhir Reddy, Vice-Chairman and Managing Director of the IVRCL Infrastructures & Projects Ltd. Replying to a question at a ... More

METALS


HZL hikes zinc prices, cuts lead
MUMBAI: Hindustan Zinc Ltd (HZL) has revised its selling prices upward by Rs 1,600 per tonne on zinc products and downward by Rs 900 per tonne in lead metal for the second half of the current month, following the LME market, according to ... More

TEXTILE MACHINERY


Textile engg industry sees 25 pc rise in production
TEXTILE engineering industry is expecting a 25 per cent increase in production in 2005-06. In the last few years, the industry was affected by poor order book positions and impacted by the turmoil in the textile industry. However, now it is ... More

SCIENCE & TECHNOLOGY


DRDO labs to have digital library network
EMPLOYEES in the defence laboratories in Hyderabad will have quick access to information of their interest, thanks to the digital library set up at the Defence Research and Development Laboratory (DRDL). Defence scientists can read the soft ... More

WTO


G-20 to stay united against pressure
THE Group of 20 countries from diverse geographical region meeting here for the first time to demonstrate the solidarity of the developing world have sent a clear signal that their unity of purpose and the level of ambitious Doha mandate that ... More

IPR


Medical reps oppose Patents Act change
OPPOSING the amendment to the Patents Act of 1970, medical and sales representatives have written to the Prime Minister, Dr Manmohan Singh, appealing against grant of product patents in the agriculture, pharmaceutical, chemical and software ... More

Amended Patents Bill introduced in LS — Left, BJP seek more changes
THE Government on Friday introduced the Patents (Amendment) Bill 2005 in the Lok Sabha to meet the country's obligation under the World Trade Organisation (WTO). In December 2004, the Government had promulgated an ordinance for amending the ... More

HUMAN RESOURCES


Capital One puts IIM-K on global recruitment map
THE debut appearance of the US financial services major, Capital One, at the campus recruitment of the Indian Institute of Management-Kozhikode has firmly put the institute on the international recruitment map, a press release from IIM-K said. ... More

TRADE & LABOUR UNIONS


BSNL strike: Mobile players seek TRAI intervention
THE ongoing strike by the employees of Bharat Sanchar Nigam Ltd (BSNL) has affected cellular services across the country. The Cellular Operators Association of India (COAI) has shot off an SOS to the telecom regulator, seeking its intervention in ... More

EVENTS


Jewellers Association to organise VAT seminar in Bangalore
BANGALORE: The Jewellers Association of Bangalore is organising a seminar on "VAT Benefits and implication of jewellery trade" on Sunday at Hotel Gold Finch. Mr S. Venkataramani, partner Singhvi Dev and Unni Associates, will analyse the ... More

Commonwealth scholars' meet in Mangalore on March 19
MANGALORE: The British Council - in association with National Institute of Technology Karnataka (NITK), Surathkal - will organise South India Commonwealth Scholars' meet in Mangalore on March 19. Mr Kartar Singh, Deputy Director ... More

  • In Hyderabad today

    EXPORTS & IMPORTS


    Coir exports set to top Rs 450-cr target
    Demand for coir pith has shown a substantial increase. It is now used as a soil conditioner. More

    Govt scraps cess on coffee exports
    THE Union Government has done away with cess on exports of coffee. Currently, there is a cess of Rs 500 on every tonne of coffee exported. India exports more than 70 per cent of its average output of 2.8 lakh tonnes. Coffee exports during ... More

    PEOPLE


    Hyundai India Managing Director shifted to INI Steel
    THE Hyundai Motor India Managing Director, Mr Byung Ho Sung, has been promoted as President of the INI Steel Company, one of Hyundai-Kia Motor Group companies in South Korea. Mr Sung moves to Korea to take charge of the Incheon-based company, ... More


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    Top Stories
    Missing the wood for the trees


    Govt scraps cess on coffee exports

    Bagga family seals deal with Khodays — To handle spirit brands for 18 years

    Ford sales set to cross Rs 1,000-cr mark

    `Most telecom cos fail to meet service norms'

    States opting for VAT may not get full compensation

    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
    Mar. 6-Mar. 12
    `Growth in services will drive manufacturing sector'

    Chidambaram says no to withdrawal of service tax on forex payments

    NPCIL's first 540 MW generation unit ready

    Budget 2005-06: Stage-managed humaneness

    Ladies garments top apparel exports

    Refiners not ready to supply BS-II diesel from April 1 — Auto industry worried that new vehicle norms deadline may change

    Asia to fuel auto demand, says KPMG survey

    Financiers upbeat on used car loans

    `Get products with chilli checked for banned dye before exports'

    PFC, French co, UN eyeing rural electrification pie

    Higher VAT exemption cap may mean lower Central compensation

    Newsprint prices to go up by Rs 1,000 a tonne

    Retailers propose real estate mutual fund

    Notional disallowance a better bet?


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