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Saturday, April 16, 2005

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INDUSTRY & ECONOMY

NRIS


Ministry to set up welfare offices in Gulf States
THE Ministry for Overseas Indian Affairs is planning to set up welfare offices and appoint a team of lawyers in the Gulf States to represent expatriate workers in the case of labour disputes or cheating by recruiting agents, the Minister for ... More

AUTOMOBILES


Passenger car sales rise 18 pc in 2004-05 — Two-wheeler sales up 15.75 pc; CVs 22 pc
HELPED by new launches and improved purchasing power, domestic passenger vehicle sales crossed the one million mark in the last fiscal. Passenger vehicle (including passenger cars, utility vehicles and multi-purpose vehicles) sales grew 17.65 ... More

ECONOMY


Inflation rises on costlier fuel, food
THE annual wholesale price index-based inflation rose to 5.26 per cent during the week ended April 2 from the previous week's level of 5.05 per cent. The increase in the year-on-year inflation during the latest reported week was driven by ... More

FOREIGN TRADE


Scope for Indian cos to farm out in Zimbabwe
WITH 11 million hectares of "fallow land being liberated for purpose of agriculture", Zimbabwe has outlined a big scope for Indian companies that wish to supply agricultural inputs, especially fertilisers, to the African nation. Addressing a ... More

HEALTH


In the lurch
A baby rests while his parents work in a brick kiln at Elavalli in Thrissur district. According to a recent study, micro-nutrient deficiencies among children of different age groups is widespread in Kerala. Prevalence of anaemia among children ... More

INFRASTRUCTURE


Centre approves Coimbatore industrial cluster proposal
THE Ministry of Commerce and Industry has given its nod for the Rs 67-crore Coimbatore industrial cluster project under the Industrial Infrastructure Upgradation Scheme (IIUS) for the development of pump, motor and foundry units. While the ... More

PETROLEUM


India invites Qatari investments in hydrocarbon sector
AGGRESSIVELY pushing for Indian companies in the highly competitive and price sensitive hydrocarbon sector, Mr Mani Shankar Aiyar, Minister for Petroleum and Natural Gas, said that he has invited Qatari investments in this sector. India has ... More

POWER


Power situation `comfortable' in Kerala
THE power situation in Kerala the State is likely to be good this year as the water storage in all reservoirs of the hydel projects in the State is sufficient to generate the power required till the onset of the South-west monsoon in early ... More

STEEL


Bumper year forecast for South Eastern Rly — Spurt in demand for rakes by sponge iron units
THE 2005-06 financial year is expected to be bumper year for the South Eastern Railway (SER), the freight-earning blue chip outfit of the Indian Railways. It is expected to contribute a surplus of around Rs 700 crore for the Indian Railways' ... More

TAXATION


NECC says Kerala VAT provisions harmful to poultry
THE National Egg Coordination Committee (NECC) has urged the Government of Kerala to withdraw the 12.5-per cent tax on live broilers and dressed chicken, under the Value Added Tax (VAT). The move is not just hurting the interests of both ... More

Premium liquor brands to attract higher tax in AP
THE proposed Excise Policy of the State Government could bring in some bad news for those who consume premium liquor brands. All liquor products, bottled and packaged as per AP Excise ACT, 1968, that cost more than Rs 700 a case would be taxed ... More

Most VAT queries in Bengal relate to commodity classifications
VAT-related input tax credits and classification of commodities are two areas in which the West Bengal Commercial Taxes department is receiving the maximum number of queries from traders. Participating in an interactive session on `VAT: issues ... More

Maharashtra traders on indefinite stir against VAT
TRADERS in Maharashtra on Friday began an indefinite strike to protest value-added tax (VAT). Markets remained closed and trucks carrying goods across and outside the State took part in a `go-slow' stir. "Some manufacturers and traders plan ... More

Traders oppose inclusion of salt in VAT list
SALT traders in the twin cities have opposed the inclusion of salt in the value-added tax (VAT) net. They argued that this would have an adverse impact on the poor. Criticising the Government move, Mr H.D. Karwa, President of the Twin Cities ... More

`Variations' in State laws to figure at VAT meet
THE Empowered Committee of State Finance Ministers on value-added tax is hopeful of resolving the "variations" that had crept into legislations enacted by various state governments to implement State-level VAT. The State Finance Ministers are ... More

SSI


SME growth pacts to be signed at Commonwealth-NSIC meet
THE Caribbean Association of Industry and Commerce, an association of companies in 17 Caribbean nations, will sign a memorandum of understanding with the Exim Bank of India and the National Small Industries Corporation (NSIC), at the Second ... More

Reserved items for SMEs to stay: Sibal
THE Minister for Science and Technology, Mr Kapil Sibal, has ruled out the possibility of abolishing the list of reserved items for SMEs (small and medium enterprises). He was addressing a seminar on `Business Opportunities for Small and ... More

WATER


Dakshina Kannada dist chalks out plan to tackle water scarcity
DAKSHINA Kannada district authorities have taken up works to the tune of Rs 77 lakh to tackle water scarcity in various taluks. These works include supply of water through tankers, cleaning of open wells and repairing of borewells in the ... More

PERSONAL PRODUCTS


Big FMCG brands regaining lost ground from low-priced warriors
Market leaders across each product category have cut prices, spruced up distribution, luring consumers towards their brands. More

RADIO/TV


Can we have a break after every ball?
AS if to set a cat among pigeons, or lob a bouncer at tailenders, the Board of Control for Cricket in India (BCCI) has started talking seriously about a channel of its own. And people have started flicking their remotes wildly, clueless as usual. ... More

EDUCATION


Sun Micro offers `one for one' to colleges
SUN Microsystems India on Friday announced it would provide a series of hardware, software and Web-based training material that would enable Indian students to benefit from Sun's technology. Sun has provided the technology as part of its ... More

REAL ESTATE & CONSTRUCTION


Consortium to develop township at Whitefield
WHITEFIELD, which despite being the early destination of IT parks missed out on real estate development, is fast catching up with the new plans for townships being planned by leading promoters. Latest to join the hot chase to grab the premier ... More

READYMADE GARMENTS


Chinese garments come cheap
CHINESE garment exports to US are priced much lower than prices on offer at stores in India. There is no doubt that the Indian middle and upper classes would simply throng the markets to acquire world quality products at these prices. Branded ... More

BIO-TECH & GENETICS


Kinfra working with private agencies for bio-tech parks
THE Kerala Industrial Infrastructure Development Corporation (Kinfra) is in the process of establishing a joint venture company with private agencies, who have expertise in setting up biotechnology parks considering its immense potential in ... More

SCIENCE & TECHNOLOGY


BrahMos combat version tested
THE induction of the ship-launched version of BrahMos, the Indo-Russian joint venture supersonic cruise missile, into the Indian Navy will begin in mid-2005. The 10th flight test of BrahMos was successfully launched from a ship today, as it hit ... More

CERAMICS


Lack of `reliable' partners holds back foreign investment in ceramic industry
THOUGH India has become a focused investment destination for European ceramics technology suppliers, they still find it difficult to come forward with specific investment plans owing to lack of serious and reliable local partners. This was ... More

SMALL SAVINGS


AP: Small Savings Dept mops up Rs 4,811 cr
THE Small Savings Department has achieved net collection of Rs 4,811.59 crore during the year 2004-05 against a target of Rs 4,000 crore in the previous year. This was Rs 1,363 crore more than last year's Rs 3,448.74 crore on a target of Rs ... More

INDUSTRIAL POLICY


More industrial clusters coming up in Kerala
THE State Government, which has embarked on an industrial cluster programme and has already put in place a couple of them, is developing more sector-specific clusters across the State. More than two dozens of clusters, covering industries ... More

EVENTS


`Low engg design cost a boon'
HYDERABAD: Low engineering design cost in India has opened up huge opportunities, said Mr Jag Mohan Kaul, Managing Director of Dresser Rand India. Delivering the keynote address at the two-day Turbomachinery 2005 on Friday, he said that ... More

INCOME TAX


Teeing off with EET
T. C. A. Ramanujam on how we are heading to a system of straight deductions More

Standard deduction allowed to salaried taxpayer should continue: ICAI
THE Government's proposal to withdraw the existing standard deduction allowed to the salaried taxpayer has not found favour with the Institute of Chartered Accountants of India (ICAI). The institute has in its post-budget memorandum recommended ... More

EXPORTS & IMPORTS


National Jute Policy aims to boost exports — Shipments to be increased to Rs 5,000 cr by 2010
Plans to develop next generation machinery. More

Exim Bank moots customised approach for plantation sector
WHAT should the plantation sector do to exploit the potential in the overseas markets? While researchers and industry watchers have been emphasising on quality enhancement and cost-effective methodologies, the suggestions put forth by the Exim ... More

TOURISM


Southern Splendour on the way
HYDERABAD: Southern Splendour, the circular train connecting all the popular tourism sites in the South, is finally taking shape. A plan to form a special purpose vehicle is being finalised to make the train a reality. The Rs 40-crore ... More


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Top Stories
National Jute Policy aims to boost exports — Shipments to be increased to Rs 5,000 cr by 2010


Raised eyebrows over Infosys reason for guidance

IDBI to raise Rs 10,000 cr via bonds

Bharat Forge approves $100-m GDR issue

Bumper year forecast for South Eastern Rly — Spurt in demand for rakes by sponge iron units

Big FMCG brands regaining lost ground from low-priced warriors

Chinese garments come cheap

India-China trade: Win-win situation or zero sum game?

In Focus

BHEL Disinvestment
China's 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
Apr. 3-Apr. 9
`VAT will lower tax burden on business'

Zee Telefilms serves notice to BCCI, seeks Rs 1,630-cr compensation

Chilli exports touch all-time high

Thermal plants' coal shortage worsening

Traditional items propel exports in April-December

Pharma MNCs likely to tighten hold on patents

50% value addition must on tea exports by EOUs, SEZs

New emission norms lead to shake-out in diesel car segment

First mapping satellite to be launched in May

Edible oil imports seen rising 5 lakh t

VAT hits live chicken exports to Kerala

Cement majors report rise in despatches

US households swell Indian exporters' kitty

Oil firms seek hike in petro prices; Cabinet to decide

Consumers' purse in for a squeeze

Vegoil imports down to 2.48 lakh tonnes in March

IOC, Saudi Aramco plan merchant storage oil terminal — Drop plans for facility to store crude reserves

Oil cos may lose Rs 810 cr if price hike not allowed

On the right track to double trade, create employment

China's loss could be India's gain in high demand apparel items

Which is the largest selling car? Read the fine print


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