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Wednesday, May 11, 2005

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INDUSTRY & ECONOMY

ENGINEERING


EEPC to open India engg centre in US — In pact with Schenker for warehouse back-up
THE Engineering Export Promotion Council (EEPC), as part of plans to tap the US market for engineering goods, has decided to provide a new platform for marketing support to its member-exporters to compete internationally. Talking to Business ... More

ENVIRONMENT


Soil quarrying blights the land and wetland: Experts
`The present regulatory system of controlling quarrying of soil or earth is ineffective and evasive.' More

HEALTH


Eye institute at Vizag
HYDERABAD: The Chief Minister, Dr Y.S. Rajasekhara Reddy, will lay the foundation stone for the Visakhapatnam L.V. Prasad Eye Institute on Tuesday. The facility, coming up at Hanumanthuwaka Junction, is part of the Health City planned by ... More

Anti-psoriatic medication launched
HYDERABAD: Win Medicare, a New Delhi-based Rs 120-crore pharma company, launched Daivonex, a globally renowned anti-psoriatic medication, at an international seminar on management of psoriasis here. Addressing the media, Mr Surjit S. ... More

PESTICIDES


AP Ordinance to check bio-pesticides soon
AIMED at effectively monitoring the mushrooming producers of bio-pesticides and fertilisers in the State in the backdrop of spurious pesticide cases recorded in the past, the State Government proposes to promulgate an Ordinance shortly. ... More

PETROLEUM


Oil firms continue to press for price hike
`Petrol prices need to be raised by Rs 4.59 a litre (Rs 2.52 on account of increase in excise duty) and diesel prices need to be raised by Rs 4.97 per litre, including Rs 1.53 due to excise effect.' More

TAXATION


VAT panel may assume quasi-judicial role
THE Empowered Committee of State Finance Ministers on Value-Added Tax (VAT) may assume a quasi-judicial role for solving inter-State disputes on VAT. "We are thinking of empowering the Empowered Committee. Some sort of blueprint is already ... More

Educational, medical institutions run on commercial lines may lose tax sop
THE Finance Minister, Mr P. Chidambaram, on Tuesday hinted that educational and medical institutions run on commercial lines and with huge surpluses may have to give up the income-tax exemptions enjoyed by them. Incomes of such institutions ... More

TEXTILES


K.P.R. setting up composite mill
The KPR group wants to create a brand image for its products. More

SSI


Advisory services for small, medium enterprises wanting to enter US
IT'S now `India Calling' for Indian small and medium enterprises (SMEs) intent on tapping the potential markets in the US. A US-based business advisory services company named The Build Operate Transfer (BOT), says it can offer a single window ... More

RADIO/TV


Company Affairs Ministry okays Sun group's DTH application
DECKS are being cleared for the Sun Group to launch its direct-to-home (DTH) operations. The Ministry of Company Affairs (MCA) has given the go-ahead to the Mr Kalanidhi Maran-promoted Sun Direct TV Private Ltd's proposal. "We were examining ... More

I&B Ministry bans four channels for airing adult content
THE Information and Broadcasting (I&B) Ministry has banned four channels BlueKiss, BlueKiss Express, BlueKiss Promo and TBL-XXX for airing objectionable programmes through cable and direct-to-home (DTH) networks across the country. In an ... More

AUTOMOBILE COMPONENTS


FTAs in Asia to redefine regional auto market: KPMG
FREE trade agreements (FTAs) being put in place across Asia are set to spark a major shift in the make-up of the region's automotive and component markets. According to a report recently released by KPMG, integration will be the buzzword in the ... More

INDUSTRY ASSOCIATIONS


CII set to open another zonal office in Bengal
THE Confederation of Indian Industry (CII) is opening its second zonal office in West Bengal in Siliguri, to strengthen the on-going interface with business and industry in the region. Mr Ravi Poddar announced this here on Tuesday at his first ... More

BIO-TECH & GENETICS


Foundation laid for Kinfra biotech park at Kalamassery
THE State Government is taking a positive approach for industrial development in the State as Kerala is lagging behind other States in industrialisation, the Chief Minister, Mr Oommen Chandy has said. Speaking after laying the foundation stone ... More

SCIENCE & TECHNOLOGY


Indigenous satellite navigation system on the anvil
INDIA plans to build its own version of a satellite-based regional GPS Augmentation System, consisting of a cluster of satellites, to emerge as a major hub in air navigation and other important services. The programme is called GAGAN — ... More

RFID tech hampered by shortage of qualified hands
US retail behemoth Wal-Mart's announcement about its top 100 suppliers becoming Radio Frequency Identification (RFID)-compliant by January this year is testimony to the expansive role the technology is headed to play in the future. With more ... More

RESORTS & AMUSEMENT PARKS


Floatels India, Westport to build resort in Kochi
FLOATELS India Pvt Ltd, a Thiruvananthapuram-based hotel company, has signed a memorandum of understanding (MoU) with Malaysian company Westport to develop a resort on an island near Kochi. According to the MoU, the two companies will have an ... More

CINEMA


Prasad group offers new course in film making
THE Prasad group, one of Asia's largest players in post-production processing for the entertainment industry, has launched the L.V. Prasad Film & TV Academy in Chennai. According to a press release from the company, the academy, in which ... More

SOCIAL WELFARE


Secure splendour
A view of the prestigious VUDA Secure project for senior citizens at Sagar Nagar in Visakhapatnam, which was inaugurated by the Chief Minister, Dr Y.S. Rajasekhara Reddy, on ... More

EVENTS


Adhesive & sealants players plan 3-day expo in Mumbai
A THREE-day international exhibition-cum-seminar will be held in Mumbai from May 27 to bring the leading adhesive and sealant industry players under the platform India International Adhesives and Sealants Expo'05 (IIASE). The meet is to be held ... More

EXPORTS & IMPORTS


Seafood exports up 11 pc in 2004-05
SEAFOOD exports increased 11 per cent to a record $1.47 billion in 2004-05, helped by the emergence of the European Union as the largest buyer of the country's marine products. This is the first time the EU has edged past the US and Japan - ... More

Duty evasion in cloves, cardamom imports suspected
SPICES such as cloves and cardamom are reportedly being imported by under-invoicing and giving wrong declaration of their origin as Pakistan or Bangladesh, despite the fact that they do not grow the crop. The first such incidence came to light ... More

NATURAL CALAMITIES


Froth on the beach
Rare angular waves were witnessed at the Valiathura beach in Thiruvananthapuram on Tuesday. Oblique angular waves are normally known to create raging white water on their crests. Local residents said these waves ate into the shoreline deeper than ... More

TOURISM


Iran for tourism ties with AP
HYDERABAD: Andhra Pradesh sees bright prospects for its tourism sector with many enquiries for investments in the hospitality industry in the State capital, according to the Minister for Tourism, Dr J. Geeta Reddy. Dr Reddy, who led a ... More


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Top Stories
Malladi Drugs acquires US-based Novus


Educational, medical institutions run on commercial lines may lose tax sop

VAT panel may assume quasi-judicial role

Debit card usage at point-of-sale rising

Tur prices rise on supply fears

Company Affairs Ministry okays Sun group's DTH application

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
More

Looking back
May. 1-May. 7
`I-T sop for salaried class with rider needs relook'

`E-governance of judicial system to be fully implemented soon'

Chidambaram tells I-T Dept to target big spenders to widen tax base

China's rapid economic growth hits Asian nations differently

Molasses duty cut to Rs 750/t

India Inc disappointed over FBT retention

Service tax exemption for farm income insurance premium

Drop in shipments to US affects pepper exports; down to below 15,000 t

IBM among 29 FDI proposals cleared

Edible oil imports surge in April

Five commodities drive exports 26 pc in April-February

Costlier edible products drive inflation up

CAG finds fault with surplus land sale of NTC unit

Small savings collections up 19%


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