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Monday, April 18, 2005

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INDUSTRY & ECONOMY

ACCIDENTS


Five injured in mishap at Cherlapally industrial area
HYDERABAD: Five persons suffered burn injuries in an accident at the Surana cable unit at Cherlapally Phase-I industrial area near here on Saturday. They were admitted to the hospital. Police booked a case on receiving a complaint from ... More

ECONOMY


A long way to go for development goals: Chidambaram
FIVE years after the international community stood as one and adopted the Millennium Development Goals, only a third of the distance has been traversed, the fact being "that we are already lagging in our tryst with our targets that we had set for ... More

G-7 finance chiefs discuss oil price rise
AGAINST the backdrop of continuing rise in oil prices and Wall Street taking a beating last week, plunging to new lows for 2005, the Finance chiefs of the Group of Seven industrialised nations focused on the energy sector as they gathered for the ... More

Kinfra interactive sessions on Kerala development
THIRUVANANTHAPURAM: Kinfra is organising a series of global interactive sessions on the development of the State. According to Dr G.C. Gopala Pillai, Managing Director, the State is not marketed well and not known to the world even ... More

FOREIGN TRADE


India, Pak to set up joint business council — Revive commission on economic issues
TAKING forward the recent improvement in bilateral relations to the area of trade and economic co-operation, India and Pakistan on Sunday announced a number of measures such as revival of the joint commission on economic issues, establishing a ... More

India Inc hails initiatives to widen trade ties with Pak
THE Indian industry on Sunday welcomed the measures announced by India and Pakistan for strengthening the trade-ties including setting up of the Joint Business Council, and said the initiatives could boost bilateral trade to the tune of $5 ... More

`India must create greater openness to trade'
THE Infosys Technologies Chairman and Chief Mentor, Mr N.R. Narayana Murthy, has said that India should create greater openness to trade and move ahead with a sense of urgency for reforms. "India must create a greater openness to trade. In ... More

INFRASTRUCTURE


Hindujas sign MoU with Qatar for infrastructure projects
THE Hinduja Group has announced an investment initiative totalling $10 billion with Qatar for infrastructure projects through an Indo-Qatar fund with an initial corpus of $1 billion. "Hindujas and the Qatar Government would contribute equally ... More

Govt support to Sabarimala inadequate: TDB
DESPITE being a major revenue source for the State, lack of adequate government support in providing vital infrastructure for the pilgrims visiting Sabarimala is a major constraint, says the Travancore Devaswom Board (TDB). Speaking to ... More

PSU


Profit margins of PSUs on the rise
FOR all the talk about public sector oil companies losing money on subsidised sale of kerosene, LPG and diesel, thanks to oil prices, the PSUs as a class are not doing all that badly. The average profit margin in the case of 79 public sector ... More

PETROLEUM


Karnataka petrol dealers to join protest
THE Dakshina Kannada and Udupi Districts Petroleum Dealers Association has decided to join the nationwide protest on April 18 seeking a hike in minimum dealer's commission. Petroleum retail outlets in these districts will remain closed from 6 ... More

Petrol outlets in Kerala to remain closed
KOCHI: As part of the all-India strike called by the All India Federation of Petroleum Traders on April 18, all the petrol pumps in Kerala would remain closed from mid-night of April 17 to midnight April 18, according to an official ... More

POWER


APTransco to invest over Rs 7,000 cr on reforms
ENCOURAGED by the top rating it got from Crisil in implementing power sector reforms, the Transmission Corporation of Andhra Pradesh Ltd has decided to invest over Rs 7,000 crore to implement reforms with renewed vigour. "This will ensure ... More

TN private power producers find going tough
IN 2004-05, PPN Power Generating Company Ltd, which operates a 330.5-MW power plant in Tamil Nadu, fed 466.11 million units (MU) into the State's grid, which is just 40 per cent of the 1,199.85 MU it was programmed to sell to the ... More

TAXATION


VAT can drive up your hospital bills!
THE next time you go in for an x-ray or visit a hospital for a medical procedure, your bill is set to get that much tougher on the pocket. And the pinch comes from the value-added tax (VAT) on medical equipment, pegged at 12.5 per cent. ... More

TN chamber plea on VAT Bill
THE Tamil Nadu Chamber of Commerce and Industry while urging the Centre to settle the issue of implementation of value-added tax (VAT) by responding to Tamil Nadu Government's demand for compensation of revenue loss, has appealed to the State ... More

VAT panel for intense interaction with trade
THE Empowered Committee of State Finance Ministers on value-added tax has asked States to set up VAT call centres to enable better exchange of views between trade and the Government on the new tax system. "Our interactions with trade has to be ... More

VAT on salt likely to go in AP
HYDERABAD: The Andhra Pradesh Government has assured traders that it would withdraw the 4 per cent tax under VAT (value-added tax) system. Giving this assurance to a delegation of salt traders, Mr K. Ramakrishna, Minister for Commercial ... More

FOODS & FOOD PROCESSING


Bengal keen on French tech for food processing sector
AFTER progress in agriculture, West Bengal has decided to focus on agri-business and food processing, said Mr Buddhadeb Bhattacharjee, West Bengal Chief Minister. The State has approached France for technology to facilitate value addition to ... More

MEDICAL INSTITUTIONS & HOSPITALS


Wockhardt Hospital to train Chinese cardiologists
IT'S not just patients from abroad who want to come to India for treatment. Chinese cardiologists, too, apparently want to pick up some skills from their Asian scalpel brethren. A batch of doctors from Beijing's Tongren Hospital will come to ... More

REAL ESTATE & CONSTRUCTION


Kerala builders' body office-bearers
KOCHI: Mr Prafullakumar of Geo Foundations and Structures, Ernakulam has taken over as the Chairman of Builders' Association of India Cochin Centre while Mr Cherian Varkey has become the State Chairman, according to an official release. ... More

KNITWEAR & HOSIERY


Labour shortage hits Tirupur hosiery industry
WHILE the bountiful rainfall in most parts of Tamil Nadu in the past one year has brought cheers to the farming community and lifted the rural economy, it has unsettled the business plans of the hosiery industry in Tirupur, which is facing acute ... More

GENDER


Banks offering new schemes to lure women depositors
After introducing special credit and debit cards for women, several banks have now started offering special deposit schemes for women. The latest to join the bandwagon is UTI Bank, which recently launched Smart Privilege, a savings bank ... More

SOCIAL WELFARE


AP Govt sanctions Rs 600-cr financial aid for youth
ONE lakh youth in Andhra Pradesh will get a financial assistance of Rs 600 crore to help them stand on their own. The assistance includes a total subsidy of Rs 100 crore and contribution of Rs 60 crore from the beneficiaries. Announcing the ... More

EVENTS


  • Agenda for the week

    ENTREPRENEURSHIP


    Entrepreneurship camp at Nitte in Udupi dist.
    MANGALORE: The Entrepreneurship Development Cell of Department of Science and Technology, New Delhi, and the Nitte Mahalinga Adyanthaya Memorial Institute of Technology (NMAMIT), Nitte, will organise a three-day `entrepreneurship awareness ... More

    NATURAL CALAMITIES


    Still grounded
    A scene from Edavannakkad, near Kochi, where lies a boat destroyed by the December 26 tsunami. Nearly four months after the catastrophe, the coastal areas are still in the grip of an economic ... More

    BOOKS


    AP Governor releases Jairam Ramesh book
    HYDERABAD: The Andhra Pradesh Governor, Mr Sushilkumar Shinde, has released a book authored by Mr Jairam Ramesh, a Rajya Sabha member, and a supporter of economic reforms, here on Saturday. The book, Making Sense of Chindia - ... More


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    Top Stories
    ONGC venture hopes to earn $120 m more through direct sales


    TRAI orders VSNL to give bandwidth to all ISPs — Objections to 'outside routers' on security ground overruled

    Competition Commission in a board-like avatar

    Cotton turns dull as yarn offtake declines

    Banks offering new schemes to lure women depositors

    RBI move has primary dealers in a cleft stick

    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
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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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