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Sunday, March 20, 2005

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INDUSTRY & ECONOMY

PENSION PLANS


EPFO trustees' meet today on ways to raise more resources
THE Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation (EPFO) will meet on Sunday to figure out ways of raising additional resources required to pay 9.5 per cent interest on provident fund deposits for fiscal ... More

INVESTMENTS


Heady equity prices — Reality check to avoid distress
STOCKS sizzle at close to all-time highs, driven by robust trends in the economy and liquidity, courtesy FII flows. Investors must now ensure that they protect the gains of the past two years and avoid nasty ... More

CONSUMER ELECTRONICS


CETMA seeks steps to correct anomalies arising out of FTA
WITH the Union Budget not having addressed the issue of an inverted duty structure arising out of the free trade agreement (FTA), the Consumer Electronics and Television Manufacturers Association (CETMA) is planning to send a representation to ... More

ECONOMY


IMF pegs Indian economic growth rate at 6.7 pc
THE International Monetary Fund (IMF) has pegged the Indian economy's growth rate at 6.7 per cent for fiscal 2005-'06 and predicted a growth rate of 7.5-8 per cent in the medium term. "Our view is that the Indian economy would grow by 6.7 per ... More

FOREIGN TRADE


India in pact with Mercosur
INDIA and Mercosur — a trading block in Latin America consisting of Argentina, Brazil, Paraguay and Uruguay with Bolivia and Chile as its associate members — on Saturday signed an agreement to operationalise the Preferential Trade ... More

India must be wary of signing FTAs, says Sona Koyo's CMD
THOUGH the expectation that the Union Finance Minister, Mr P. Chidambaram, would announce a cut in excise duty on automobiles in the Budget was belied, it did not have any adverse impact on the automobile industry, said Mr Surinder Kapur, ... More

PETROLEUM


ONGC marks retail foray with discounts
THE bugle was sounded here on Saturday for the start of a pricing war in the petroleum retailing business, with the launch by Oil and Natural Gas Corporation (ONGC) of its first retail outlet for petrol and diesel. ONGC will sell the two fuels ... More

RADIO/TV


Rupert Murdoch in Mumbai
MR Rupert Murdoch, Chairman, News Corp, who is on a five-day visit to India, arrived in Mumbai on Saturday. Mr Murdoch is visiting the country after five years. He is on a private visit, an official of Star said but added that he is slated ... More

EDUCATION


University of Sunderland opens office in India
OSCAR-WINNING film producer Lord David Puttnam has launched the Country Office India for one of the UK's modern universities, University of Sunderland. Lord Puttnam has made films such as The Mission, The Killing Fields, Local Hero and ... More

INDUSTRY ASSOCIATIONS


ICC in pact with Kentucky varsity for training course in conflict resolution
THE Indian Chamber of Commerce (ICC) has signed a memorandum of understanding with the Council of State Governments (CSG), University of Kentucky of the US, for developing a skills-based training programme for individuals in ADR (Alternate ... More

SCIENCE & TECHNOLOGY


Anti-tank missile Nag ready to enter production phase
INDIA'S third generation anti-tank guided missile, Nag has successfully completed all the development trials, and is ready to enter the production phase and be inducted into the Indian Army. Two critical test flights, successfully carried out ... More

CINEMA


Corporates yet to taste big success in movie biz
THEY are big names in the corporate world. But when it comes to making an impact on the box office — corporate groups such as the Tatas, Raymonds and Oswals — have registered a string of flop shows. Barring the AV Birla ... More

EVENTS


G-20 adopts New Delhi Declaration
THE two-day G-20 meeting ended here on Saturday with the adoption of the New Delhi Declaration that called for substantial cuts in trade-distorting domestic agricultural support and elimination of all farm export subsidies by the developed ... More

STANDARDS & BENCHMARKS


`Euro III norms will be met by deadline'
THE petroleum industry will meet the April 1 deadline for supply of Euro III quality petrol and diesel in 11 designated cities of the country, according to Mr M.S. Srinivasan, Additional Secretary, Ministry of Petroleum and Natural Gas. ... More

PEOPLE


Issac Mathai conferred Hahnemann award
DR Issac Mathai, Chairman, Managing & Medical Director of Soukya International Holistic Health Centre near here, has been conferred the Dr Samuel Hahnemann award by the Kerala Homeopathic Shastravedi. The award is given in recognition of Dr ... More


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Looking back
Mar. 13-Mar. 19
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Dairy products export set to cross Rs 500 cr — GCMMF pegs export turnover at Rs 125 cr

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Budget: Innovative and worrisome

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ICICI Bank micro credit disbursements treble

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Oil from Sakhalin field this year: Aiyar

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Govt scraps cess on coffee exports

States opting for VAT may not get full compensation


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