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Friday, March 25, 2005

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INDUSTRY & ECONOMY

NRIS


Malaysian expats coming
THIRUVANANTHAPURAM: Representatives of the third generation of Keralites settled in Malaysia will arrive in Kochi for a visit of the State on Thursday. An official spokesman said here that the `homecoming' trip is being arranged by the ... More

AWARDS & HONOURS


Malayala Manorama awards
KOTTAYAM: As part of its efforts to conserve rain water, Malayala Manorama has instituted awards for schools and colleges under its `Palathully' (many drops) campaign. The students and teachers of the award-winning institutions ... More

AUTOMOBILES


Protocols for automotive electronics — Infosys becomes premier partner in Autosar
SOFTWARE major Infosys Technologies has become the first Indian firm to join the Automotive Open Systems Architecture (Autosar) to develop standards and protocols for automotive electronics. Autosar is a network of major automobile ... More

CII suggests parks, incentives to drive up auto sector
THE Confederation of Indian Industry-Tamil Nadu State Council has recommended that the Government could facilitate setting up auto parks in different parts of the State and also start a scheme to provide incentives for automotive companies to be ... More

ECONOMY


Inflation down despite costlier food items
THE annual wholesale price index-based inflation fell marginally to 5.23 per cent during the week ended March 12, from 5.3 per cent during the previous week. The year-on-year inflation fell by 0.07 per cent even as price of vegetables and some ... More

`Manufacturing council strategy paper soon'
THE National Manufacturing Competitiveness Council will be coming out with a "comprehensive strategy for the growth of manufacturing sector" in two weeks' time, the council's Chairman, Dr V. Krishnamurthy, said on Thursday. Speaking at a ... More

FOOD & DAIRY PRODUCTS


Biscuit industry opposes VAT
THE Federation of Biscuit Manufacturers of India (FBMI) has threatened a week-long strike to oppose the value-added tax (VAT) regime slated to become operational from April 1. Speaking to newspersons, the President, Mr B.P. Agarwal, said ... More

HEALTH


Reliance Life sets up cord blood archive
NO, this isn't culled out of a Hollywood movie. True, it reads like fiction, but it is all fact, backed by scientific data. Blood taken out of the umbilical cord of a newborn, with the consent of the mother, finds its way into a cryogenic ... More

Dr Reddy's launches osteoarthritis drug
DR Reddy's Laboratories Ltd has launched Celadrin in the Indian market through an alliance with the US-based Cymbiotics Inc. The drug helps reduce pain and inflammation in patients with osteoarthritis and other joint related problems. The ... More

TB day observed in Kerala
THIRUVANANTHAPURAM: Kerala has reaffirmed its pre-eminent ranking on the public health front by engineering a decisive change for the better in tuberculosis treatment, according to the Health Minister, Mr K. K. Ramachandran. He said ... More

INFRASTRUCTURE


`Plan panel focus on rural health, infrastructure'
THE Planning Commission will focus on deficiencies in rural infrastructure, health and education sectors and identify some critical policy correctives during the mid-term appraisal of the Tenth Plan with the objective of achieving the 8 per cent ... More

PETROLEUM


Cabinet defers Bharat II diesel norms in 7 States till Oct 1
THE Union Cabinet on Thursday deferred implementing Bharat Stage II diesel fuel norm across seven States by six months. This means Uttar Pradesh, Rajasthan, Uttaranchal, Madhya Pradesh, Punjab, Himachal Pradesh and Jammu & Kashmir will ... More

OVL allowed to invest up to Rs 300 cr abroad: Aiyar
THE Petroleum Minister, Mr Mani Shankar Aiyar, said that the Government has allowed ONGC Videsh Ltd (OVL), to make investments of up to Rs 300 crore in oil and gas properties abroad without approaching the Union Cabinet for approval. "The ... More

Numaligarh Refineries may ship high-speed diesel by barges soon
IF everything proceeds according to schedule, Numaligarh Refineries Ltd (NRL) in Assam will send by barges its first consignment of high-speed diesel in the middle of next month for discharge at Budge Budge in West Bengal. It is estimated that ... More

GAIL ties up with BPCL to supply CNG
GAIL (India) Ltd has formed a joint venture company with Bharat Petroleum Corp Ltd (BPCL) for launching compressed natural gas (CNG) in Kanpur. Central UP Gas Ltd, the joint venture company, would distribute CNG for automobiles and piped natural ... More

Crude imports fall 1.9 pc in Feb
INDIA'S crude oil imports declined by 1.9 per cent to 6.94 million tonnes in February 2005 even as the domestic oil product consumption rose marginally by 1.1 per cent to 9.17 mt with a fall in diesel demand. According to data released by the ... More

Getting dearer
A scene at a petrol pump in Hyderabad on Thursday. Due to the steep rise in crude prices in the international market, fuel prices in the country are likely to go up ... More

POWER


FAPCCI seeks power tariff cut
HYDERABAD: The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) has asked the AP Electricity Regulatory Commission to reduce the industrial power tariff to Rs 2.50 unit. "This will help in attracting new industries ... More

TAXATION


21 States agree to shift to VAT regime from April 1
THE transition to the State-level value-added tax (VAT) is on, with 21 States today firmly committing themselves to march into the new tax regime from April 1.The five BJP-ruled States — Gujarat, Rajasthan, Madhya Pradesh, Jharkhand and ... More

`Corporates not quite ready for VAT'
THOUGH stock markets are looking to successful implementation of VAT as a trigger, management consultants believe that implementation difficulties of the new tax will take 6-12 months to be ironed out. Investment managers, especially foreign ... More

On the edge
With traders up in arms against the Value Added Tax regime, uncertainty looms large over the supply of grains and rice in the State. Retailers have also threatened to stop taking fresh supplies although the flow of supplies to the State is ... More

VAT: Bengal may alter composition scheme norms
THE much-awaited West Bengal VAT law amendments and final draft VAT Rules alongwith the schedules, likely to be put on the State Web site on Monday, may carry significant changes. Making a presentation on VAT at an interactive session ... More

CAIT decries move to go ahead with VAT
NEW DELHI: The Confederation of All India Traders (CAIT) today decried the move to go ahead with the implementation of VAT from April 1, terming it as a hasty step. The CAIT Secretary-General, Mr Praveen Khandelwal, said in a statement ... More

RADIO/TV


Obscene clips: I&B Ministry issues show-cause notice to India TV
THE Information and Broadcasting Ministry has slapped a show-cause notice on India TV seeking an explanation on whether the episode featuring Bihar MPs allegedly caught in sexual antics violated the Programme Code or not. According to ... More

EDUCATION


Aspire Learning to open IIT training centres in AP
EYEING a slice of the Rs 10,000-crore market for training students aspiring to join the Indian Institute of Technology (IITs), Aspire Learning Company has launched its operations in Andhra Pradesh. The Chennai-based company will open 15 centres ... More

ICSI oral coaching for students
HYDERABAD: The Hyderabad Chapter of Institute of Company Secretaries of India (ICSI) will begin oral coaching for the new batch of the Company Secretary Course from March 31. This is for students planning to write the examination in ... More

REAL ESTATE & CONSTRUCTION


India Inc pitches for `attractive' housing policy
WITH the Government proposing to review the National Housing Policy, India Inc has pitched for certain incentives that would make it more attractive for all stakeholders - public, investors, and farmers. The Government had recently ... More

Banks gung-ho on property funds
`'The rate at which credit demand is growing, at least for now some banks may not want to park their funds in these investments.' More

Experts see more FDI inflows in realty sector
THE liberalised foreign direct investment (FDI) norms combined with rapid economic activity is expected to galvanise the realty sector, with leading global consultants such as KPMG and CB Richard Ellis foreseeing massive investments flowing in ... More

PRECIOUS METALS


Gold may test support level
SPOT gold prices tumbled lower amid profit-taking and rebound in the dollar, a day after the Fed's interest rate hike and warning about rising inflation. Fall in gold was not directly tied to Tuesday's tightening, which was mostly expected, but ... More

INDUSTRY ASSOCIATIONS


Clause 49 deferment: India Inc relieved, but worried over duplication of laws
"The deferment will definitely help industry implement Clause 49 in a more structured and cost effective manner." More

NEWSPAPERS & PUBLISHING


Allow publication of foreign dailies in India: FT
FOREIGN media companies are asking the Indian Government to liberalise its policies for the media sector. The NewsCorp chief, Mr Rupert Murdoch, on Wednesday sought an increase in foreign investment norms for the sector, while on Thursday, the ... More

FOREIGN DIRECT INVESTMENT


French envoy meets AP CM
SOME regions of France are interested in entering into mutual cooperation programmes with Andhra Pradesh on the lines of the understanding with Karnataka, the French Ambassador in India, Mr Dominique Girard, told the State Chief Minister here ... More

Sharjah Govt finalises plan to expand SAIF Zone
THE Government of Sharjah, one of the emirates of the UAE, has finalised a strategy to expand business at the Sharjah Airport International Free Zone (SAIF-Zone). Among other things, this has resulted in the recent visit to the city by an ... More

SOCIAL WELFARE


Her `best title' yet
`I've always believed that charity should be silent, so I did things that I didn't talk about.' More

No to kidney failure
Prevent kidney failure at Rs 15 only... the Kidney Help Trust shows the way at a small village near Chennai. More

RURAL DEVELOPMENT


Time to compress rural credit delivery system
THE Parliamentary Consultative Committee attached to the Finance Ministry has endorsed the Vaidyanathan Committee report (Task Force) on revamping the rural co-operative credit system and the Union Finance Minister, Mr P. Chidambaram, plans to ... More

EVENTS


Meet on knitted fabric at Coimbatore
COIMBATORE: Kumaraguru College of Technology and the Centre of Relevance and Excellence in textile technology and machinery functioning are holding a one-day workshop on problem solving in knitted yarn/fabric on April 8. The workshop ... More

  • In Hyderabad today

    NATURAL CALAMITIES


    Tatas reach out...
    Working with quiet efficiency, the Tata Relief Committee has contributed immensely to the ongoing relief efforts in the tsunami affected regions of Tamil Nadu. More

    World Bank-outlined framework to help in tsunami recovery project
    AN Environmental and Social Management Framework (ESMF) will serve as a guideline for implementing a $600-million tsunami recovery and reconstruction project. A major component of this project, funded by international funding agencies including ... More

    TOURISM


    `Southern Splendour' may hit the rails next year
    SOUTHERN Splendour, a luxury tourist train on the lines of the Palace on Wheels, is likely to hit the rails next year. Following the Union Government's approval, the tourism ministers of the four southern States are meeting here next month to ... More

    STANDARDS & BENCHMARKS


    TN: Weights and measures sector to down shutters tomorrow
    THE Tamil Nadu Weights and Measures Manufacturers, Dealers and Repairers Association has, in a meeting held at Coimbatore, decided to down shutters on March 26, to protest against the illegal collection of conveyance charges. According to the ... More

    Mobile kit to check weighbridges
    TO keep tabs on the erring dharma kantas (road weighbridges), the Legal Metrology Department in the State has introduced a mobile testing kit. The department has taken this decision, following a spate of complaints on different weighing ... More

    PEOPLE


    Sisodia re-elected NCUI President
    NEW DELHI: Dr Sawai Singh Sisodia has been elected as the President of the National Co-operative Union of India (NCUI) for the second consecutive term, according to a release. ... More


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