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Sunday, April 17, 2005

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INDUSTRY & ECONOMY

ECONOMY


`Growth optimism tempered by downside risks'
THE current phase of global economic expansion has been aided by "benign" inflation levels in most of the nations, especially the industrialised ones, but there are strong downside risks as a result of hardening oil prices, strengthening of ... More

ENVIRONMENT


German bank eyes deal with Hyderabad co for carbon credits
GERMANY'S KfW Bank Group has approved the project idea of the Hyderabad-based Eco Carbon to use its proprietary technology for producing "eco-friendly" bricks, which could lead to the purchase of carbon credits from the Indian company. Eco ... More

FERTILISERS


Phosphoric acid shortage haunts DAP units; talks with suppliers fail
"Even if a decision is taken today, supplies would reach the factories only by the end of May or beginning of June. But the next date for negotiating the price has not been decided yet. So there may not be any other way but to stop production." More

FOREIGN TRADE


Indo-Pak ties: Hopes high on trade front
WITH the Pakistan President, General Pervez Musharraf, arriving in the Capital today and official level talks scheduled with the Prime Minister, Dr Manmohan Singh, on Sunday, there is expectation that India and Pakistan could soon move forward on ... More

HOTELS


AP paves way for setting up hotels for ADB meet
KEEPING in view the annual general body meeting of Asian Development Bank (ADB) scheduled be held here in May 2006, the Andhra Pradesh Cabinet has decided to amend relevant regulations to pave way for setting up star hotels in the posh localities ... More

PETROLEUM


Petro dealers to go on nation-wide strike on Monday
PETROL stations across the country will remain closed on April 18 in protest against `inadequate' dealer commissions. The All-India Petroleum Traders has said that it would intensify protests if the Government did not meet its demands. Dealers ... More

Videocon to invest Rs 800 cr in oil exploration, production
VIDEOCON Industries Ltd on Saturday said it would spend Rs 800 crore on oil exploration and production overseas in the next two years. It is in talks to invest in Sudanese oilfields and is also considering Ukraine. The company will also spend ... More

POWER


AP, Gujarat, Delhi get top ratings for power reforms
ANDHRA Pradesh, Gujarat and Delhi have topped the performance ratings on power sector reforms carried out by rating agencies ICRA and CRISIL, on behalf of the Ministry of Power. This is the third consecutive year that States have been rated on ... More

`Gas, coal shortage led to 2,000 MW generation loss'
THE country lost 18 billion units of power generation (roughly 2,000 megawatts) last year because of gas and coal shortages, said a Union Power Ministry official. The Indian power sector would have seen a growth of 8.5 per cent instead of the ... More

STEEL


Vizag Steel's Rs 8,529-cr plan to double capacity
ENCOURAGED by the buoyancy in the steel industry worldwide, Rashtriya Ispat Nigam Ltd (RINL), the corporate entity of Visakhapatnam Steel Plant, has decided to double its production capacity with an investment of Rs 8,529 crore. The company ... More

TAXATION


`VAT law variations to be resolved latest by April 26'
STATE Finance Ministers who met here today under the aegis of the Empowered Committee of State Finance Ministers on Value Added Tax (VAT) have set an "outer limit" of April 26 for resolving the "variations" that had crept into some of the VAT ... More

VAT panel draws plan to tackle price rise
THE Empowered Committee of State Finance Ministers on Value-Added Tax has chalked out a strategy to tackle the price rise in certain commodities ever since the implementation of VAT from April 1. "We have noted that for certain commodities ... More

SSI


`Fringe benefit tax to hit SSIs hardest'
SMALL and medium industries fear that the proposed levy of Fringe Benefit Tax (as an additional income tax) at the rate of 30 per cent on all "deemed" fringe benefits by a company, firm or even a local authority, under the new section 115WA of ... More

RADIO/TV


Govt to implement CAS `at the earliest' — System to be in place in 3 metros
AFTER setting aside the implementation of the conditional access system (CAS) for one and half years, the Government has decided to put in place an addressable system for the cable industry in the three metros of Mumbai, Delhi and ... More

CARS


Car sales waiting for next big push
IS GROWTH beginning to slow down in the passenger car market? Latest figures reveal an 18 per cent growth in 2004-05 compared to 29 per cent in 2003-04. Only last week, this newspaper carried a report, based on a ... More

GEMS & JEWELLERY


Gold jewellery expo next month
MORE than 150 gold and diamond jewellery manufacturers from India and abroad are likely to participate in the Gold Jewellery India International Exhibition 2005 (GJIIE). This exhibition, a business-to-business trade fair organised by the World ... More

LEATHER


Nike's decision to disclose names of suppliers hailed
THE International Textile, Garment and Leather Workers Federation (ITGLWF) has welcomed global sport gear manufacturer Nike's decision to voluntarily disclose the names of its suppliers numbering more than 700 worldwide. The ITGLWF has now ... More

SOCIAL WELFARE


Village women, now engineers
CHANDRAMMA, a daily wage earner from Rajendranagar, eking out a livelihood by crushing stone, is now a qualified technician who can handle a solar power unit. She, along with three others Yellamma, Zaheeda and Kalavathi, all stone crushers from ... More

EXPORTS & IMPORTS


Passenger car exports rise 28 pc in 2004-05
HELPED largely by growing exports of the Hyundai Santro, total passenger car exports jumped by 28.2 per cent in 2004-05. Total passenger car exports were at 1,60,677 units in the last fiscal against 125,320 units in the previous year. Exports ... More


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Top Stories
Saint-Gobain's 2nd float line to go on stream by year-end


`Fringe benefit tax to hit SSIs hardest'

Mutual funds losing ground despite booming market

Forex reserves rise by $253 million

Bank credit rises by Rs 49,610 cr

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Apr. 10-Apr. 16
Trade policy: EOUs hope for I-T relief

Coal India sets production target of 343 mt for '05-06

Truck rentals slip on VAT confusion

ICICI Group forays into realty — Arm sets up dedicated fund; partners Tishman Speyer

New patent regime — Discovering new challenges

Indian cos going slow on promoting Valdecoxib

Govt may allow 20 pc FDI in FM radio broadcasting

Corporation tax mop-up touches Rs 83,311 cr

FDI enquiries building up for mid-tier realty cos

Petro product sales up 1.2% in March; diesel demand falls

Crude futures slide 9-10 pc at MCX

Power consumers set to get choice of distribution utility — 11 State ERCs issue open access guidelines

Qatar, India sign air services pact; keen to better trade ties

`World trade growth to slow down this year'

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

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


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