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Wednesday, May 25, 2005

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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Low pressure brightens prospects of rainfall in Kerala
WEATHERMEN have trained their focus outward into the sea to the southwest of Thiruvananthapuram where a low-pressure has taken shape, raising prospects of good rainfall in the State over the next two days. As if on cue, the skies over ... More

ECONOMY


Govt to curb borrowings, keep inflation under control
THE Finance Minister, Mr P. Chidambaram, today said the Government intends to keep inflation under control and interest rates benign to promote growth and also strive to keep its borrowings lower than estimates. He said the Government's ... More

Demo by slum dwellers at global conference venue
THE Union Finance Minister, Mr P. Chidambaram's one-day tour of Mumbai ended with a demonstration by a slum dwellers' organisation, led by social activist Ms Medha Patkar, outside the Taj Mahal Hotel.. Mr S.M. Krishna, Governor of Maharashtra, ... More

ENVIRONMENT


Travancore Devaswom to pay Rs 6.4 crore for afforestation
THE Travancore Devaswom Board, which controls and administers around 2,000 temples in Kerala - including the Sabarimala Ayyappa shrine - will pay Rs 6.4 crore to the Forest Department towards the cost of afforestation of 305 acres. The ... More

India major seller in emissions market
WORLDWIDE trading in emissions added up to less than $400 million last year. But it is early days yet. Turnover is growing rapidly, as is the price at which emissions are being traded. About 107 million tonnes of carbon dioxide equivalent ... More

Environment film fest in Delhi from Nov 21 to 24
CHENNAI: The Vatavaran Film Festival, the country's only festival of environment and wildlife films, will be held in Delhi from Nov 21 to 24. Organised by the Centre for Media Studies (CMS) and supported by the Union Ministry of ... More

PETROLEUM


`PMO looking into ONGC project issue'
THE Union Minister of State for Statistics and Programme Implementation, Mr Oscar Fernandes, has said that there has been good progress in the area of programme implementation in the last one year. Speaking to reporters here on Tuesday, he ... More

PHARMACEUTICALS


Internet pharmacies, major worry for drug cos: E&Y
YOU may increasingly find your e-mail inundated with offers to ship across impotency drug Viagra, for instance, at a low price! And while you may rid yourself of the unsolicited mail by hitting the delete button, pharma companies have a more ... More

POWER


Thermal plant trips; power crisis worsens in AP
BOILER tube leak in two units of the Vijayawada Thermal Power Station (VTPS) today, forced the State Government to take them out of service, resulting in a significant dip in power availability. According to the Andhra Pradesh Transmission ... More

DPSC looking for strategic investor to fund expansion
DPSC Ltd (erstwhile Dishegarh Power Supply Company Ltd), one of the oldest utilities in the country supplying power to coal companies in the Asansol belt of West Bengal, is looking for a strategic equity investor and arrange for debt financing ... More

TEXTILES


China's loss in textile exports to be India's gain: FIEO
THE Federation of Indian Export Organisations (FIEO) has said that China's move to raise export tariffs on textiles to avoid confrontation with the US and the EU will benefit Indian textile exports to the two regions. Imposition of ... More

SSI


CII-SR to initiate seven SME cluster projects this year
THE Confederation of Indian Industry-Southern Region intends to initiate seven new small and medium business cluster projects in 2005-06 at Bangalore, Hyderabad, Madurai and Coimbatore. These will be in addition to the three existing SME ... More

COAL


Ad valorem royalty for coal mining under study
THE Government is considering a proposal to overhaul the royalty structure on coal mined in the country. Plans are afoot to replace the existing weight-specific royalty system with an ad valorem rate of royalty. To examine the specific issues ... More

RADIO/TV


AP cable operators oppose move to block channels
THE Andhra Pradesh State Cable TV Operators' Welfare Association(APCTVOWA) has opposed the bandh call given by MSOs (Master Signal Operators) from Wednesday, blacking out Teja News and Aditya Music channels throughout the ... More

EDUCATION


Kerala SSLC results on R World
KOCHI: The results of Kerala SSLC would be available on R World from May 25. Besides, R World would also carry CBSE Xth standard results, according to an official press release here. The Kerala State Board has joined hands with the ... More

Management seats raised
HYDERABAD: The All India Council for Technical Education (AICTE) has sanctioned an additional 30 seats for the Siva Sivani Institute of Management. With this the total seats offered has gone up to 120 from the present academic year. The ... More

AUTOMOBILE COMPONENTS


`Price of steel in auto parts should hold steady'
TOP executives of Bharat Forge Ltd (BFL) and Mukand Ltd, suppliers to the automobile industry, have said the price of steel used to make auto components should hold steady during this year. At Tuesday's press briefing on BFL's FY05 results, Mr ... More

GEMS & JEWELLERY


`FDI, jt ventures welcome in diamond sector'
THE Commerce Ministry is working closely with the domestic gems and jewellery industry to develop an international trading centre for diamonds, Mr Kamal Nath, Union Commerce and Industry Minister, said. Addressing the two-day International ... More

MINING & QUARRYING


Tip of the sand dune
Illegally mined river sand, which was seized by revenue officials at Thrikannapuram in Thiruvananthapuram on Tuesday. State rivers continue to be mined illegally for sand despite the tough posture adopted by authorities. ... More

SOCIAL WELFARE


Chidambaram assures support for free computer education
THE Union Finance Minister, Mr P. Chidambaram, on Tuesday promised Bharatiya Vidya Bhavan support from the Government of India in its plans to expand its free computer training programme. The free job-oriented computer education programme at ... More

EVENTS


Preparations on for ADB meet in Hyderabad next year
A HIGH-LEVEL delegation from Andhra Pradesh, which will host the 39th annual meeting of board of governors of Asian Development Bank (ADB) next year, visited Istanbul to get a firsthand idea of how the Turkish capital had organised the 38th ... More

EXPORTS & IMPORTS


ECGC nets Rs 516 cr premium income
THE Export Credit Guarantee Corporation (ECGC) has netted a provisional premium income of Rs 515.88 crore for the financial year 2004-05. The corporation has settled claims worth Rs 350 crore in this period. Disclosing this at an exporters' ... More

`Drop in soyameal shipments due to rising input costs'
RISING input costs have affected export of soyameal this oil year (November 2004-October 2005), according to the Soyabean Processors Association of India (Sopa). As against exports of 35 lakh tonnes of soyameal the previous oil year, this time ... More



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Inflation falls a tad on dip in food prices

Centre's 1-year report card — `Unfinished' agenda bugs pharma sector

`Indian textile market fastest growing in 2004'

Aiyar for equitable sharing of oil price hike burden


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