Financial Daily from THE HINDU group of publications
Friday, June 24, 2005
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Financial Daily from THE HINDU group of publications Friday, June 24, 2005 |
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INDUSTRY & ECONOMY CLIMATE & WEATHER Monsoon advances into eastern UP THE southwest monsoon has advanced into eastern Uttar Pradesh, parts of Orissa, entire West Bengal, parts of Bihar and Jharkhand on Thursday, on a day when weathermen maintained the outlook for a low-pressure area over northwest Bay of Bengal. ... More NON-CONVENTIONAL ENERGY `Renewable energy sector needs separate policy, law' REPRESENTATIVES from the renewable energy sector called for a separate legislation to govern it and a policy to encourage its development. Power from renewable sources such as wind and sun should not be lumped with conventional energy if its ... More AWARDS & HONOURS Business Line photographer gets award THE Kerala unit of the Indian Veterinary Association has announced its `farm journalism awards' for 2004. Addressing a press conference in the city today, Dr A.P.S. Nair, President, Indian Veterinary Association - Kerala, said awards have ... More ECONOMY Indians ready to splurge, says survey A RUPEE saved is a rupee earned. For long this had been the archetypal approach to life of the average Indian. But not any more. Indians are now about to show the world how to loosen the purse strings. From dabbling in equities and mutual funds ... More ENVIRONMENT PC makers to propose draft law on e-waste management AMID rising concerns over e-waste in India, top personal computer (PC) manufacturers are now coming together to find a workable solution, including proposing a draft legislation on e-waste management. As a first step towards this, the industry ... More FOREIGN TRADE Qatar team calls on Kerala CM THIRUVANANTHAPURAM: A high-level delegation from Qatar headed by the country's Minister of State for Foreign Affairs, Mr Ahmed Bin Abdullah Al-Mahmood, held discussions with the Kerala Chief Minister, Mr Oommen Chandy, and the State's ... More
Aiyar to lead CII team to Turkey, Romania
Lanka keen to step up exports to India HEALTH `Awake heart surgery' gathering acceptance A NEW lease of life was offered to the 73-year old Mr V.M. John of Mumbai who had the first `awake heart surgery' at the Wockhardt Hospital in Mumbai. Seeing his recovery, 12 more people from Kolhapur have already given in their applications ... More INFRASTRUCTURE 
Bids invited for township in GuruvayurTHE State Government has invited pre-qualification bids from master planners and project consultants in India and abroad to prepare a master plan for the development of a pilgrim township at Guruvayur. Guruvayur, one of the famous pilgrim ... More PSU Warehousing Corpn Act may be amended WAREHOUSING corporations may soon be able to borrow money on competitive terms from a larger base of sources of funds. The Union Cabinet has approved a proposal to introduce a Bill in Parliament that would seek to permit warehousing ... More PHARMACEUTICALS 
Health Ministry proposes independent drug regulatorTHE Health Ministry is planning to set up an independent drug regulatory authority on the lines of the US Food and Drug Administration (FDA) and hopes that a structure will be in place in the next two years. Speaking at the 36th Meeting of ... More POWER KCCI calls for power import from Bhutan THE President of the Kanara Chamber of Commerce and Industry (KCCI), Mr A. Srinivasa Rao, has said that India should import electricity from Bhutan. Bhutan, which is producing around 30,000 MW of hydro electricity every year, is interested in ... More
Kerala Govt rules out power cut, tariff hike
Cabinet clears Rs 479-cr plan for Afghan power projects TAXATION States yet to claim for revenue loss from VAT implementation — It is 'early days', caution Ministry officials As part of the VAT design, the Centre had in consultation with the VAT panel decided that the 4 per cent CST would co-exist with VAT during fiscal 2005-06. More
Finolex hails Kerala VAT initiative EDUCATION Syndicate Bank education loans in Mangalore MANGALORE: Twenty-six branches of Syndicate Bank in Mangalore taluk will jointly organise the `Synd Vidya' education loan awareness camp at SDM Law College auditorium in Mangalore on June 26. More details may be had from the Mangalore ... More TWO/THREE WHEELERS Bajaj, Hero Honda, Enfield top customer satisfaction: Study BAJAJ CT100, Honda Unicorn, Hero Honda Splendor Plus and Royal Enfield Bullet 350 cc rank the highest in their respective segments in the 2005 Motorcycle Total Customer Satisfaction (MTCS) study conducted by the TNS specialist division, TNS ... More MEDICAL INSTITUTIONS & HOSPITALS Mangeshkar Hospital to open cancer centre in Pune THE Deenanath Mangeshkar hospital in Pune is all set to inaugurate a 40-bed specialty cancer therapy centre, which will offer patients the latest treatment available for the dreaded disease. The centre, being set up at the cost of an estimated ... More MINING & QUARRYING APMDC signs MoUs with Russian cos for titanium plant THE Andhra Pradesh Mineral Development Corporation (APMDC) will soon sign a memorandum of understanding (MoU) with two of the Russian titanium majors - AVISMA and VSMPO - for setting up titanium slag and sponge plant in the ... More FOREIGN DIRECT INVESTMENT AP Speaker to lead team to US for investments THE Speaker of the State Assembly, Mr K.R. Suresh Reddy, will lead a high-level delegation to the US seeking investments from NRIs, industry associations, and top MNCs such as IBM, AIG, and Computer Associates (CA). The 15-day tour will begin on ... More ENTREPRENEURSHIP Workshop on entrepreneurship in Hyderabad HYDERABAD: Jaycees India, part of the 90-year-old international voluntary organisation, is organising a month-long workshop, Peninsular Insight, to equip the youth with entrepreneurial and managerial skills. These skills would help the ... More INCOME TAX Bangalore Chamber urged to suggest steps to improve FBT THE newly introduced Fringe Benefit Tax (FBT) should be given a trial before viewing it as a disincentive for business and industry. "Whether it is a progressive or a retrograde step could not be prejudged before its objective and benefits are ... More EXPORTS & IMPORTS Bengal plans cashew export zone THE West Bengal Government plans to set up an agri export zone (AEZ) for cashew. The zone will be located in the cashew growing districts of Midnapore (East), Midnapore (West), Bankura, Birbhum and Purulia. A feasibility study for the same was ... More
Low export volumes drive down container freight rates ALTERNATIVE MEDICINES Cabinet okays Bill on alternative medicines THE Cabinet on Thursday approved the introduction of the Indian Medicine and Homeopathy Pharmacy Bill, 2005 that proposes to regulate education and practice of pharmacy in Indian medicine and homeopathy. The legislation seeks to set up a ... More TOURISM TV stars to promote Kerala tourism TELEVISION stars Smriti Irani and Mona Vasu will endorse Kerala as a holiday destination in a series of ads to be telecast on Star Plus. Confirming the development, Kerala Tourism Minister Mr K.C. Venugopal said that the promotion is part of ... More ECONOMIC OFFENCES Crusade against drugs It is important to win the drug war in classrooms rather than courtrooms, says Ramachandra Sundaralingam, Interpol drugs expert from France. More
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Looking back Jun. 12-Jun. 18 Tyre producers may import 70,000 t rubber Monsoon getting into action mode CPI(M) formalises policy on economic agenda — `FDI okay only if it enhances country's productive capacity' `India unfazed by US opposition to Iran gas pipeline' Wheat tops Rs 7,500/t; imports may be dearer Textile exports to US down in April `SMEs may be hit if interest rate cap on export credit is hiked' Exports register 22% growth in May W. Australian apple growers moving processing to Chennai RBI panel for hike in foreign currency export credit rates SSI production up 8 pc, exports rise 21 p c Trade to GDP ratio tops 25 pc NTPC plans to produce 50 mt coal by 2010 BoI, SIDBI tie up to boost credit to SMEs US co explores options for fly ash export from India Coal India plans to augment production by 20 million t annually |
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