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Sunday, May 15, 2005

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INDUSTRY & ECONOMY

INVESTMENTS


Home loan conversion, a mixed blessing
IT IS NOW more than a year since the interest rate honeymoon ended for Indian borrowers and banks. While the interest rate on government securities has since edged up by about 1.5 percentage points, thaton home loans has not gone up by as ... More

COURTS/LEGAL ISSUES


Chairperson of power Appellate Tribunal sworn in
THE Power Minister, Mr P.M. Sayeed, on Friday administered the oath of Office and Secrecy to the Chairperson and the Members of the Appellate Tribunal for Electricity. In accordance with the provisions of the Electricity Act, 2003, Mr Justice ... More

FERTILISERS


Urea producers: Pare exposures
DESPITE a robust growth in fertiliser offtake, urea producers such as Indo Gulf, Chambal Fertilisers and RCF (Rashtriya Chemicals and Fertilisers) have reported higher sales, but stagnating profits from their ... More

FOREIGN TRADE


Afghanistan offers biz opportunities in mining, construction
ALONG with horror stories, quite a few jokes are in circulation in Afghanistan. A combination of both pertains to the Ariana airline of Afghanistan, which most diplomats, including those from India, are not allowed to fly. Till the Indian ... More

PETROLEUM


Oil firms keen to tap rural market
OIL marketing companies are shifting focus to the untapped rural market. The three major oil marketing PSUs in the country — Indian Oil, Bharat Petroleum and Hindustan Petroleum — have prepared blue-prints for setting up over 2,500 ... More

PHARMACEUTICALS


Large-cap Indian pharma — Effective drugs, but dosages may need tweaking
INVESTORS in the pharmaceutical industry may see in year-end results of frontline companies a bitter pill. Value-added tax (VAT) issues at home and pressure on pricing in key markets abroad had left the bottomline ... More

POWER


Power capacity addition in Eleventh Plan — States own resources must make bulk of contribution: Ministry
THE Power Ministry has begun planning well in advance to ensure that power generation capacity is added continuously through the Eleventh Plan rather than bunched toward the end of the Plan period. As part of this exercise, the Ministry has ... More

M.P., Bengal ask for more time to unbundle electricity boards
WITH the deadline for unbundling electricity boards approaching, only two States have approached the Union Power Ministry to further extend the deadline. In June 2004, shortly after the United Progressive Alliance Government assumed office, the ... More

EDUCATION


More IITians pass up US degrees for high-paying jobs here
AT the Mecca of engineering, the times are a-changing. Top-notch firms are wooing brand IIT (Indian Institute of Technology) like never before. This and a host of other factors have lead to a decline in the number of students opting for `higher ... More

REAL ESTATE & CONSTRUCTION


Residential property prices likely to rise further
IF the sharp rise in residential property prices over the last 18 months took you by surprise, then there is more in store. Real estate players expect residential property prices to move further up - although slowly - on the back of ... More

DISINVESTMENT


National Investment Fund to get PSEs disinvestment money
THE Government has decided that from April 1, realisation from disinvestments of public sector enterprises (PSEs) would be appropriated from the Consolidated Fund of India for the creation of the National Investment Fund (NIF). The NIF would ... More

WTO


ICAI seeks special treatment for developing nations in WTO regime
THE Institute of Chartered Accountants of India (ICAI) wants a special and differential treatment for developing nations under the World Trade Organisation (WTO) regime, especially in view of the multi-fold problems being faced by the developing ... More

REGULATORY BODIES & RULINGS


CAG report has a lot of generalisations: NHAI
THE National Highway Authority of India (NHAI) has clarified that the CAG report pointing out discrepancies in NHAI's performance has "a lot of generalisations." While stating that overall performance of NHAI in terms of output in National ... More

EXPORTS & IMPORTS


India may gain as US clamps down on Chinese textiles
INDIAN textile exporters are expected to gain the most from the US administration's decision to impose `safeguard quotas' on three categories of clothing shipments from China, mainly because Indian suppliers have a strong presence in some of ... More

Kamal Nath assures support to exporters for achieving target
THE Commerce and Industry Minister, Mr Kamal Nath, has assured the exporting community of full support from the Government to achieve the export target of $92 billion set for 2005-06. The Minister was participating in an export awards function ... More

ECONOMIC OFFENCES


Radio-frequency tags on drugs to check fakes
WHEN global retail giant Wal-Mart insisted on radio frequency identification (RFID) tags on prescription medicines sold from its outlets, Indian drug major Ranbaxy was quick to meet this requirement. Described as "the next level barcode," RFID ... More


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In Depth

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Looking back
May. 8-May. 14
Tobacco: Health Ministry may ban brand extension ads

Haryana matches Delhi, pegs VAT rate on automotive tyres at 12.5 pc

VAT panel may assume quasi-judicial role

Company Affairs Ministry okays Sun group's DTH application

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

Japan alert on banned antibiotics — Govt steps up vigil on shrimp shipments

Automobile sales top Rs 1,10,000 cr in value terms

`Mud slinging is an occupational hazard'

Essar Power plans Rs 4,000-cr investment in new capacity

Industry posts 8 pc growth in 2004-05

Car sales up 13.6 pc in April; CVs down 15 pc

Chinese textile exports to US dive 21 pc in March

Coal shortage hits Rlys' freight movement plans

Marginal rise in biz confidence index

`Banks must recognise credit rating of SSIs by independent agencies'

India set to become knowledge process outsourcing hub: CII

Realty cos shift focus to non-metros


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