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Thursday, May 19, 2005

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INDUSTRY & ECONOMY

POLLUTION


NMPT steps to arrest iron ore dust pollution
THE Chairman of the New Mangalore Port Trust (NMPT), Mr P. Tamilvanan, has said that the port has taken all steps to arrest iron ore dust pollution in the port area. He was delivering a lecture on `Public relations in public enterprises,' ... More

Chennai port to install wind curtains to prevent coal dust
THE Chennai Port Trust (ChPT) is installing wind curtains along the harbour's beachfront to prevent wind carrying coal dust into the city. It plans to install the curtains made of ultraviolet resistant fabric over 1.5 km to the east of the ... More

ECONOMY


Southwest monsoon to be late by a week — Rainfall may be `near normal'
THE southwest monsoon will be delayed by a week, but the overall rainfall is expected to be `near normal', according to the India Meteorological Department (IMD). The new forecast model suggests that the onset will take place on June 7 with a ... More

UPA-Left meet reviews performance
THE United Progressive Alliance (UPA) on Wednesday held a marathon meeting with representatives of the four Left parties to take stock of the Government's performance during its first year in office. The meeting, which lasted for more than ... More

Cabinet to consider mid-term appraisal of 10th Plan today
THE Union Cabinet will take up for approval the Mid-Term Appraisal (MTA) of the 10th Plan (2002-07) on Thursday. "The MTA will go to the Cabinet for clearance tomorrow," said Mr Montek Singh Ahluwalia, Deputy Chairman of the Planning ... More

World Bank to back investment lending in Tamil Nadu
THE World Bank is of the view that it would support investment lending in Tamil Nadu rather than providing budget support, according to Mr Michael F. Carter, Country Director-India, World Bank. Speaking to journalists from The Hindu ... More

ENVIRONMENT


Kerala can become `zero-garbage State'
KERALA can become a zero-garbage State if it segregates and recycles the garbage it produces, says Ms Almitra Patel, a member of the Supreme Court Committee for Solid Waste Management. Addressing newspersons today, she said that she would ... More

FOREIGN TRADE


`IT, pharma, textiles sectors to drive India-EU trade'
INDUSTRY chamber Assocham has said that IT, pharma, textiles and agro-food sectors would be the key to India's expanding trade and economic ties with the European Union. The expanded EU opens up opportunities for greater economic activities in ... More

PSU


Bengal plans to raise Rs 1,700 cr to revamp PSEs
"Based on our experience with the pilot project, we have developed a model for restructuring the State public sector; we have already submitted a proposal to the Department of Economic Affairs for raising resources." More

PETROLEUM


Oil at $50 will push inflation up 1.5 pc, says FICCI study
THE cumulative impact of a double-digit oil price hike in 2005-06 coupled with a 14.9 per cent rise in 2004-05 will be most felt by the manufacturing sector - especially chemicals, transport equipment, textile products, basic metal and ... More

NELP V attracts 32 cos; data worth Rs 20 cr sold
THE promotional exercise for increasing exploration efforts by the Government seems to have attracted players such as Total (France), Petronas (Malaysia), Statoil (Norway), ENI (Italy), Talisman (Canada), Petrobars (Brazil) and British ... More

TEXTILES


Promoters of hi-tech weaving parks seek upfront subsidy
MEMBERS of the powerloom weaving industry investing in three hi-tech weaving parks in Tamil Nadu (approved by the Centre and the State Government) have asked the Ministry of Textiles for an upfront release of the subsidy component envisaged ... More

WATER


Polavaram project will spell doom for tribals: Human Rights Forum
THE Human Rights Forum, Andhra Pradesh, has urged the State Government to give up the proposed mega project on the Godavari at Polavaram in West Godavari district, meant to irrigate 7.27 lakh acres and transfer Godavari water to the Krishna basin ... More

EDUCATION


Average salary in BIM campus recruitment increases to Rs 4.5 lakh
THE average salary for students of Bharathidasan Institute of Management, Tiruchi, has increased to Rs 4.5 lakh during 2005 campus recruitment compared to Rs 3.2 lakh last year. The maximum salary offered in Placements 2005 was Rs 6.5 lakh a ... More

Hyderabad varsity gets Rs 40 cr for research
THE University of Hyderabad (UoH) has obtained Rs 40-crore funding for about 160 projects in a wide range of research areas during the last one year, according to its Vice-Chancellor, Dr Kota Harinarayana. The research and development (R&D) ... More

GEMS & JEWELLERY


Layoffs loom large for Surat diamond workers
THE Surat diamond polishing industry, which accounts for eight out of 10 diamonds sold in the world, is facing a peculiar problem. While the industry is soaring in value terms, lower volumes may force diamond polishing units to lay off ... More

INDUSTRY ASSOCIATIONS


Deveshwar takes over as CII president
THE Chairman of ITC, Mr Y.C. Deveshwar, has taken over as the new President of Confederation of Indian Industry from Mr Sunil Kant Munjal. An IIT-Delhi graduate, Mr Deveshwar has handled key assignments in both the public and private sectors. ... More

READYMADE GARMENTS


Garment exporters seek level playing field
THE end of the quota regime in world trade in textiles and clothing notwithstanding, Indian apparel exporters have not been the major beneficiaries of free trade in textiles and clothing with various domestic constraints hobbling them from ... More

MINERALS


Posco may sign MoU with Orissa Govt next month
POHANG Steel Company (Posco) of South Korea is expecting to sign the memorandum of understanding (MoU) with the Orissa Government next month since the issue of exporting of iron ore stands resolved. And if this deadline holds, then the company ... More

NEWSPAPERS & PUBLISHING


Mumbai's rate race
YOUR seven minutes will help create Mumbai's own newspaper,' claims DNA (Daily News & Analysis), the soon-to-be launched daily from Diligent Media, the joint venture company floated by the Zee Group and Dainik Bhaskar. With ... More

FOREIGN DIRECT INVESTMENT


Bengal hopeful of FDI in Calcutta Leather Complex
THE West Bengal Government is expecting to attract FDI from Italy and China in the Calcutta Leather Complex. The 1,100-acre complex, which is the largest of its kind in Asia, will be inaugurated on June 21. Presiding over a ceremony to mark ... More

SOCIAL WELFARE


Pilot housing scheme for poor launched in AP
THE State Government has launched a pilot housing scheme - Rajiv Gruha Kalpa - following the State Chief Minister, Dr Y.S. Rajashekhara Reddy's announcement in January.The Minister for Major Irrigation, Mr Ponnala Laxmaiah, launched the ... More

EVENTS


Capital talk
The Haryana Chief Minister, Mr. B.S. Hooda, and the Orissa Chief Minister, Mr Naveen Patnaik, at the CII annual meet in the Capital on Wednesday.

More

Indian trade expo in Poland next month
INDIA will be organising the first multi-sector trade exhibition in Poland, with the four-day `India Initiative 2005' set to be flagged off in Warsaw on June 16. Being organised by the Indian Embassy in Warsaw and the All-India Association of ... More

NATURAL CALAMITIES


TN: World Bank-aided project launched for tsunami-hit
Ms Jayalalithaa has sought the World Bank's support for the water resources consolidation project. More

TOURISM


`Singapore most affordable tourist shopping destination'
CONTRARY to the common perception that Singapore is among the most expensive Asian shopping destinations, the city has emerged as the most affordable tourist shopping destinations in the Asia-Pacific region in a study conducted by Euromonitor ... More


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In Focus

BHEL Disinvestment
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In Depth

Gender Justice
Simple Economics
Tax Talk
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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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