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Wednesday, March 23, 2005

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INDUSTRY & ECONOMY

NON-CONVENTIONAL ENERGY


Newsletter on renewable energy sources released
IN a major step towards promoting the use of renewable sources of energy, the Ministry of Non-Conventional Energy Sources has come out with the first issue of a countrywide newsletter, which will enclose reports on national and international ... More

`Explore alternative energy options'
THE need for India to explore non-conventional energy options was discussed at length at the inaugural session of the three-day conference organised by the Bombay Chamber of Commerce in Mumbai on Monday. Oil industry officials felt that energy ... More

Kerala Govt to seek pvt partnerships for non-conventional power
THE State Government will invite private entrepreneurs to set up stations for generating power from non-conventional energy sources, according to the Minister for Electricity, Mr Aryadan Mohammed. Replying to questions in the State Assembly on ... More

BUDGET


Bengal allots more for land reforms dept
IN an effort to carry on the exercise of land reforms further, the West Bengal Government has now decided to buy land from owners whose holding is less than the fixed ceiling at market prices and then redistribute it among landless ... More

ECONOMY


Infrastructure industry index slips 0.6 pc in Feb
THE Infrastructure Industry Index slipped 0.6 per cent this February, pulled down by deceleration in crude oil production, refined petroleum products, coal and electricity. Of the six key infrastructure industries, only cement and steel ... More

Meeting for development
The Uttar Pradesh Chief Minister, Mr Mulayam Singh Yadav, at a meeting of the UP Development Council in Lucknow on Tuesday. Also seen are (from right) the Council Chairman and Samajwadi Party leader, Mr Amar Singh, Mr Anil Ambani, Mr Amitabh ... More

HEALTH


AP to recruit 1,000 doctors
HYDERABAD: The Andhra Pradesh Government will be recruiting 1,000 doctors and 1,200 nurses on a priority basis to ensure the availability of medical and para-medical personnel in remote and tribal areas, the State Finance Minister, Mr. K. ... More

PETROLEUM


`Common carrier principle to get buried with Petronet India'
The players involved in the dismantling of PIL insist that it is no more than a `paper' sale as the company was never anything more than a `paper' company. More

BPCL's gas supply project in Gujarat to be ready by April
BHARAT Petroleum Corporation Ltd (BPCL) is all set to enter the gas distribution market on its own. The Rs 18-crore pilot project of the oil company for supply of natural gas to industrial and other consumers in Gujarat will go on stream next ... More

PHARMACEUTICALS


Pharmexcil sole agency for registrations
NEW DELHI: The DGFT has designated Pharmexcil as the sole agency for issuing registration-cum-membership certificate to exporters of drugs and pharmaceutical products ending the overlapping functions of several similar bodies. ... More

POWER


APERC reduces industrial tariff
THE Andhra Pradesh Electricity Regulatory Commission (APERC) has reduced the energy charges for industrial units in its tariff order for 2005-06. There is no change in tariffs for domestic, cottage industries, local bodies, general purpose and ... More

Govt plans SPVs to restart Dabhol project: Aiyar
NTPC, GAIL (India) Ltd, and Indian lenders to the Dabhol power project will contribute Rs 500 crore each as equity of a special purpose vehicle (SPV) being formed to restart the idle plant, said the Petroleum Minister, Mr Mani Shankar ... More

Jaiprakash Hydro IPO oversubscribed
THE public offer for buying stake in Jaiprakash Hydro Power Ltd, promoted by Delhi-based Jaiprakash Associates, was oversubscribed within minutes after the offer opened today. At the end of the day, the offer was subscribed almost two ... More

New company to handle KSEB trading activities
A MEETING of top officials convened by the Electricity Minister, Mr Aryadan Mohammed, has drawn up the broad outline for restructuring the power sector in Kerala as required by the Electricity Act 2003. The proposal, which will be put up for ... More

TEXTILES


Powerloom sector on recovery path
THE country's powerloom sector, which has been in a slump over the last couple of years, is now coming out of the morass. The sector, which is highly fragmented and decentralised in nature, has been taking advantage of schemes such as the ... More

SSI


SSI sector hit hard by Budget, say analysts
THE small-scale sector, contributing 25 per cent of the industrial production in the country, is being subjected to slow poisoning by successive governments for reasons best known to them and the much-acclaimed budget of Mr Chidambaram is no ... More

Industrial clinics to revive SSIs
HYDERABAD: The Andhra Pradesh Government proposes to set up industrial clinics to revive sick small- scale industries, the State Minister for Major Industries, Mr B. Satyanarayana, told the Legislative Assembly on Tuesday. Replying to a ... More

HUMAN RESOURCES


IIM-A now a good hunting ground for lateral placements too
WITH the Indian Institute of Management, Ahmedabad (IIM-A) emerging as a prime hunting ground for not just entry-level managers but also middle-level talent through "lateral placements," the institute is confident that its new programme for ... More

INCOME TAX


`Fringe benefits levy will tell on corporate tax'
THE fringe benefit tax (FBT), a levy on perquisites introduced in this year's Budget, will, along with education cess, surcharge and lower depreciation rates, increase the effective rate of corporate tax though the nominal rate has been slashed ... More

EXPORTS & IMPORTS


US to decide on shrimp exporters' plea on Friday
THE seafood industry is keeping its fingers crossed as the United States International Trade Commission (USITC) is set to declare on March 25 whether it will admit India's submission to review the anti-dumping duty imposed on the country's shrimp ... More

New norms for chilli exports
COONOOR: The Spices Board has announced two important changes to the norms applicable for the export of chillies and chilli products. As per this, the exporters need not obtain certificate from the Board that the consignment is free from ... More

TOURISM


Drop in television ad spends of tourism industry
THE television ad spends of the travel and tourism industry saw a sharp dip in 2004. According to an AdEx India report, the ad spends fell by 27 per cent in 2004, compared to the previous year, which saw an all-time high growth of 124 per ... More

Tourism Australia allots $360 m for brand building
TOURISM Australia, an organisation promoting tourism of Land Down Under, will air Australia in new light. The signature campaign, `Australia A different light,' highlights the great tourism experience of Australia. However, it falls short of ... More

PEOPLE


CAG elected as `Goal Liaison'
THE Comptroller and Auditor General of India, Mr. V.N. Kaul has been elected as Chief Coordinator called `Goal Liaison' of the International Organisation of Supreme Audit Institutions (INTOSAI). An extraordinary meeting of the Governing Board ... More


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Top Stories
Wheat grain quality may be hit by rains


`Common carrier principle to get buried with Petronet India'

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Music industry shrinks by Rs 350 cr: CII-KPMG

Infrastructure industry index slips 0.6 pc in Feb

In Focus

BHEL Disinvestment
The Yuan Revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Mar. 13-Mar. 19
Is US education losing its attraction?

Govt plans to introduce rating system for SSIs

Improving overall climate key to FDI flows: IMF

Exports touch $70 b during April-Feb

IDBI allots Rs 100 cr for hotel projects

On fringe taxes and all that — Rollback is not a dirty word

Dairy products export set to cross Rs 500 cr — GCMMF pegs export turnover at Rs 125 cr

Gujarat flags off bio-diesel buses

`Withdrawal tax may drive depositors to post offices'

EU emerges largest Indian seafood buyer

Budget: Innovative and worrisome

Indian drug firms focus on micro-organisms

`Tsunami reconstruction to cost India $1.2 b'

ICICI Bank micro credit disbursements treble

Tractor sales set to record 31 pc growth this fiscal

Oil from Sakhalin field this year: Aiyar

Cars to cost more from April

`ST to continue in States that do not opt for VAT'

PTC to offer coal intermediation services

Truck, bus tyre production up year-on-year in Jan

IT's good bet for realtors across cities

Reliance refining margins rise as light, heavy crude prices diverge

Govt scraps cess on coffee exports

States opting for VAT may not get full compensation


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