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Friday, May 06, 2005

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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Hailstorm, rains hit mango crop in AP
THE unprecedented rains and hailstorm in several places in Andhra Pradesh in the last two weeks have resulted in a dip in mercury levels. But, this is no good news for mango farmers, particularly when the demand for the fruit has started ... More

NON-CONVENTIONAL ENERGY


`States must focus on renewable energy to tackle power crisis'
THE Ministry of Non-Conventional Energy Sources has said that States facing power shortages need to focus on renewable sources of generation to tide over the situation. Speaking here at a seminar on Thursday, the Minister of State for ... More

ENVIRONMENT


Port workers to boycott fugitive toxic ships
STRONGLY supporting the appeal made by environmental groups to the Prime Minister, Dr Manmohan Singh, to respond to the Danish government request to return the fugitive toxic ship now renamed Frederik, the President of All-India Port and Dock ... More

FOREIGN TRADE


Five commodities drive exports 26 pc in April-February
THE country's export growth of 26 per cent exceeding $70 billion in the first eleven months of the 2004-05 owed itself partly to the incredible ascent and buoyant growth of just five commodities accounting for a share of close to 41 per cent in ... More

PETROLEUM


ONGC reports 3 oil, gas finds on west coast, KG Basin
ONGC has reported three oil and gas finds — one in shallow-waters on the West Coast and two in the deep-waters in Krishna Godavari (KG) basin on the East Coast. ONGC is the 100 per cent operator of this block since it was with it prior ... More

POWER


KPTCL's power pacts to be reassigned to DisComs
POWER purchase agreements (PPA) of the State-owned utility Karnataka Power Transmission Corporation Ltd are expected to be reassigned to the distribution companies (DisCom). Sources said that KPTCL would become a full transmission company from ... More

CPDCL(AP) plans to improve power supply network
THE Central Power Distribution Company of Andhra Pradesh (CPDCL) plans to invest Rs 301 crore during the current financial year for augmenting support facilities to provide quality and reliable power in the State. According to Mr Heeralal ... More

Centre's nod for power projects worth Rs 1,350 cr in Kerala
THE Centre has approved various power development projects worth a total of Rs 1,350 crore in Kerala. Under the "Rajiv Gandhi Grama Vidyut Yojana" scheme, the Centre has sanctioned Rs 343 crore. Priority would be given to electrification of ... More

Damodar Valley to relocate thermal plant
HAVING been denied environmental clearance by the Union Ministry of Environment and Forests, Damodar Valley Corporation (DVC) has decided to relocate its proposed 1000 MW (2 X 500 MW) thermal power plant in Durgapur. The relocated project, ... More

TAXATION


Delhi Govt `apathy' to trade fears over VAT decried
THE All-India Tax Advocates Forum on Thursday decried the Delhi Government's refusal to respond to the genuine fears of city traders over the operational glitches in the implementation of the value-added tax (VAT). In a statement issued here, ... More

Mumbai bakers to go on indefinite strike against VAT
ABOUT 17,000 bakers in the State have decided to go on indefinite strike from May 15, if the Maharashtra Government fails to take any decision regarding 12.5 per cent VAT imposed on bakery products and confectionery items from April 1. The ... More

TEXTILES


Mixed reactions to duty drawback rate announcement
THE Finance Ministry's announcement on duty drawback rates has drawn mixed reactions from textile associations in Mumbai. The Clothing Manufacturers' Association of India's President, Mr Premal Udani, said the trade and its members had ... More

SSI


US announces new H-1B norms
THE US Citizenship and Immigration Services has decided to reopen the filing period for Financial Year 2005 on May 12, 2005 and make available 20,000 new H-1B numbers limited to those who have received a master's or higher degree from a US ... More

RADIO/TV


`Invisible' TV zones key to measure viewership patterns
THE Indian Readership Survey has the tools to capture viewership patterns of over 60 per cent of the TV-owning population, currently unmeasured in the country, said Mr Premjeet Sodhi, Head of Intellect, an arm of Lintas Media Divisions. Half ... More

EDUCATION


Higher education due for a major overhaul: ICFAI
"Sweeping changes in the higher education segment would dismantle the existing system of territorial monopoly of universities." More

PRECIOUS METALS


Gold may fall after rising
SPOT gold prices continued to move in a broad range as the markets started to digest the impact of the FOMC decision, which came in line with market forecasts. Gold prices recovered from two-week lows after the Fed's decision. Positive factors ... More

BIO-TECH & GENETICS


Kinfra bio-tech park
THIRUVANANTHAPURAM: The Chief Minister, Mr Oommen Chandy, will lay the foundation stone for a biotech park at Kalamassery in Ernakulam district on May 10. The biotech park is being developed by the Kerala Industrial Infrastructure ... More

SCIENCE & TECHNOLOGY


A space odyssey to help urban, rural planners
PLANNERS will have high quality data to help them manage natural resources and plan urban and rural development with the launch of Indian Space Research Organisation's (ISRO) CARTOSAT-I, a remote sensing satellite with superior imaging ... More

DISINVESTMENT


`No decision on sale of PSUs'
THIRUVANANTHAPURAM: The Industries Minister, Mr V.K. Ibrahimkunju, has described as baseless and misleading reports appearing in section of the Press to the effect that buildings and property belonging to four public sector undertakings ... More

SOCIAL WELFARE


Insurance-backed healthcare for BPL population soon
THE Kerala State Planning Board will introduce an insurance-linked healthcare scheme for those below poverty line (BPL) in the State. As much as 37 per cent of the population could count itself under the BPL category, by the State Government's ... More

RURAL DEVELOPMENT


AP Govt formulates Rs 6,000-cr rural water schemes
THE State Government is laying stress on providing clean drinking water to the rural masses and improving road connectivity to villages and "for the first time commercial banks are also coming forward to finance the schemes," according to Mr J. ... More

EVENTS


Health meet in Kottayam
KOTTAYAM: The Seventh State Conference of the Academy of Pulmonary and Critical Care Medicines will be held at Windsor Castle, Kottayam, on May 7&8 under the joint auspices of the Department of Chest Diseases, Medical College and Kottayam ... More

INCOME TAX


SEZ Bill proposes extended I-T sops
UNITS in the special economic zones (SEZs) are likely to gain financial benefit through an extended income tax concession proposed in the Special Economic Zones Bill 2005, which was approved by the Union Cabinet on Wednesday. Under the ... More

EXPORTS & IMPORTS


Edible oil imports surge in April
Vegetable oil imports in the first six months of the oil year 2004-05 have reached 22.4 lakh tonnes. More

Chilli exports rise on global demand
AN additional demand of 51,425 tonnes for chilli from eight countries has led to rise in its exports to a record 1.38 lakh tonnes valued at Rs 499 crore in 2004-05. Exports of chilli during 2003 - 04 were at 86,575 tonnes valued at Rs 366.88 ... More

TOURISM


Eco-tourism project for Chadayamangalam
THE Kerala's eco tourism department will soon start work on a new project at Chadayamangalam in Kollam district. Called the `Jadayu Para Development Project', the venture takes its name from a huge rock formation — Jadayu Para or ... More

ECONOMIC OFFENCES


We will review transaction tax if it fails, says Chidambaram
THE Finance Minister, Mr P. Chidambaram, today said that he was open to reconsidering the Banking Cash Transaction Tax (BCTT) if it failed to achieve the objective of creating a tax-trail on black money transactions through the banking ... More

Move to nail tax evaders in AP
THE Income Tax Department has decided to move the Supreme Court over keeping tabs on the applicants for liquor licences in the State. About 1.43 lakh applicants deposited a whopping sum of Rs 1,900 crore, part of the licence fee, along with ... More



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Top Stories
Five commodities drive exports 26 pc in April-February


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TAFE emerges second in tractor sales

Edible oil imports surge in April

AI decision based on techno-economic study, says Patel

HDFC net jumps 16.7 pc in Q4; to pay Rs 17/share

In Focus

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Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
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In Depth

Gender Justice
Simple Economics
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Looking back
Apr. 24-Apr. 30
`Biotech industry needs to address regulation, funding issues'

Kamal Nath hints at `hire and fire' in special economic zones

Despite rising costs, paint sector may post 5-15 pc topline growth

Now, KPO in patents

`Average earner is risk averse'

Small cars continue to rule the sales chart

Freight market dips, but shipping firms buoyant

Ginger exports cross 13,000 t

'Commercial use of fly ash can reduce pollution threat'

Global demand for eco-lodges expected to rise by 10 pc

ESCAP pegs India's GDP growth rate at 7.5 pc

Traditional items boost export growth in April-Jan

Tea exports from South rise in 2004

Time-of-day power tariffs on the anvil

Spices exports rise 18 pc in 2004-05

Indians top `intending car buyers' list across Asia


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