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Thursday, July 07, 2005

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INDUSTRY & ECONOMY

CLIMATE & WEATHER


IMD stands by normal monsoon forecast, sees 97 pc rainfall in July
Various models suggest that the monsoon trough is in tact and in its normal position. More

NON-CONVENTIONAL ENERGY


Call to adopt national bio-fuel policy
FOREIGN exchange worth Rs 20,000 crore could be saved if the National Policy on Bio Fuels is adopted. The policy, which envisages replacement of 10 per cent of the petroleum products requirement of the country with bio-fuels by 2012, was ... More

FOREIGN TRADE


`France keen to do business with India'
"We have explained them on how the delays in decision making process can be overcome." More

HEALTH


China tunes in to Philips' tele-medicine project
THE Chinese are listening in to how Philips India takes its tele-medicine plan on the road. Having partnered a tele-medicine project in southern India — Philips India plans to use this avenue of healthcare delivery to become popular as a ... More

Care Hospital to screen for atrial fibrillation
CARE Hospital will start screening patients suffering from Atrial Fibrillation (a condition in which the upper chambers of the heart beat too fast leading to blood clots) for implanting `Watchman' device. Care Hospital is the only hospital ... More

HOTELS


A li'l bit of India ...
The Taj group will manage the Pierre in New York. This is in line with its global ambitions and may also have a salutary effect on its hotels in India. More

INFRASTRUCTURE


World Bank sanctions $300-m loan for TN urban development
THE World Bank has approved a $300-million loan to assist the Union Government to implement the Third Tamil Nadu Urban Development Project (TNUDP-III) to improve infrastructure and strengthen Urban Local Bodies (ULBs). The project will fund ... More

PETROLEUM


India, Myanmar may bypass Bangladesh for gas pipeline — Other options to be explored
INDIA and Myanmar on Wednesday decided to explore other alternatives for importing gas from offshore Myanmar, as negotiations with Bangladesh are yet to be firmed up for the Myanmar-Bangladesh-India gas pipeline. Briefing presspersons after a ... More

Price issue holds up higher kerosene supplies by RIL
RELIANCE Industries Ltd (RIL) is not likely to accept the request of the State-owned oil marketing companies to provide higher quantities of kerosene than last year's supplies at a price that could ease their subsidy burden. Industry sources ... More

`Private oil cos may be asked to bear part of subsidy burden'
THE Petroleum Ministry is likely to ask private oil companies and standalone refineries to bear a portion of the burden on subsidised retail fuel prices. The Ministry proposes to ask private and other oil companies to pay about Rs 1,500 crore, ... More

PHARMACEUTICALS


Indian at the helm of international pharmaceutical body
THE International Generic Pharmaceutical Alliance (IGPA) now has an Indian at the helm. Mr Dilip G. Shah, Secretary General of the Indian Pharmaceutical Alliance (IPA) has become the Chairman of IGPA. This assumes significance at a time ... More

POWER


Govt opens up lignite blocks for captive power production
IN A major policy shift, the Government has decided to allot lignite blocks to private sector companies for captive power production. Till now, only coal blocks were allotted to private parties for captive power production. Lignite blocks would ... More

TAXATION


Direct tax mop-up set to cross 5 pc of GDP this fiscal: Chidambaram
THE Finance Minister, Mr P. Chidambaram, on Wednesday advised the Income-Tax Department to gear up to face the new challenges arising on account of the growing importance of direct taxes as the biggest contributor to the Exchequer. Inaugurating ... More

Auto LPG under VAT in Bengal
West Bengal Commercial Taxes Department officials have clarified that auto LPG will come under VAT and not be treated as in the same category as motor spirit. Participating in an interactive session with State commercial taxes department ... More

TEXTILES


CMAI seeks relaxation in labour laws
THE Clothing Manufacturers Association of India (CMAI) has urged the Government to relax labour laws which would help garment manufacturers more flexibility in the management of human resources. Mr Rajesh Masand, Joint Honorary General ... More

SSI


Kalam wants small sector to upgrade technology
COIMBATORE, which has highly competitive small-scale units, should take the lead in identifying critical areas that needed governmental and technological inputs, the President Dr A.P.J. Abdul Kalam, said here on Wednesday. He also advised the ... More

PERSONAL PRODUCTS


HLL: On comeback trail?
FMCG major Hindustan Lever claims that the days of slow growth are behind it. A new Chairman at the helm, a revamped portfolio of brands and a positive outlook for consumer goods it expects will give it the right boost. A Catalyst report. More

Why the timing could be right
IS Hindustan Lever's 7 per cent sales growth in the March quarter simply a flash in the pan? Or is it an early sign that the company is climbing out of the grip of slow growth in which it has been stuck for about three years now? Not an ... More

EDUCATION


HLL foundation invites applicants for scholarship
HINDUSTAN Lever Ltd's Fair and Lovely Foundation has invited applications from financially constrained women who are looking to pursue graduate or post graduate studies under its Saraswati Scholarship Project. The project is meant for the ... More

AMS-PORTAM to launch 4 courses
THE Andhra Mahila Sabha's P. Obul Reddy Institute of Technology and Management (AMS-PORTAM) will launch four post-graduate courses in the financial and social sectors. The one-year courses have been designed with the target industry ... More

DISINVESTMENT


Manmohan, Sonia to meet Left leaders on BHEL divestment
WITH a view to resolving the deadlock between the Government and the Left parties over the disinvestment in BHEL, the Prime Minister, Dr Manmohan Singh, and the UPA Chairperson, Ms Sonia Gandhi, are likely to meet the Left parties here on July ... More

FOREIGN DIRECT INVESTMENT


AP Govt hopeful, awaits communication from Volkswagen
THE Andhra Pradesh Government continues to await communication from the German automotive major Volkswagen AG on its greenfield plant near the port town of Visakhapatnam, even as reports of bribery suggested they would drop India plans. The ... More

Govt notifies norms for FDI in print media, facsimile, syndication
THE Government today notified the new norms for foreign investment in news and current affairs publications, permitting publication of facsimile edition and relaxing the syndication norms. The Cabinet had last month given its nod to these ... More

RURAL DEVELOPMENT


Get the `PURA' effect
THE President, Dr A.P.J. Abdul Kalam, has said that rural development through employment generation could be accelerated by adoption of `PURA' (providing urban amenities in rural areas) model and he suggested establishment of 7,000 PURA groups to ... More

`Set up village knowledge centres'
THE President, Dr A.P.J. Abdul Kalam, has visualised the need to establish `village knowledge centres' at the panchayat level for knowledge connectivity. "The village knowledge centre should have wireless/ broadband or satellite connectivity ... More

INCOME TAX


Advance tax payment of top taxpayers to be `monitored'
Sources said the idea behind "monitoring" was not to "harass" the taxpayers. More

EXPORTS & IMPORTS


Cardamom growers' plea to end Guatemalan imports
REPRESENTATIVES of cardamom growers from Kerala are planning to meet the Union Commerce Minister, Mr Kamal Nath, soon to apprise him of their plight following continuous decline in its prices due to imports through legal/illegal routes. "We ... More

NATURAL CALAMITIES


President happy with rebuilding efforts at Nagapattinam
"WHEN I visited the tsunami-hit Nagapattinam last week, initially, I thought I was going to meet only the dejected lot of people whose lives and families were ravaged by the killer waves. But when I went there, actually, I found out that they ... More


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Top Stories
BHEL bid to build 400-MW power plant in Sudan


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Forex reserves enough to meet 14 months' imports

Ministries differ on NDDB setting up subsidiaries

China tunes in to Philips' tele-medicine project

India, Myanmar may bypass Bangladesh for gas pipeline — Other options to be explored

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Jun. 26-Jul. 2
Asian `biotech hotbeds' must develop USP: E&Y report

Keen interest in bio-based materials

Shortfall in April fertiliser production

Paper prices set to rise soon

Moon mission to carry 3 European instruments

Allow 100% foreign ownership in satellite radio broadcasting: TRAI

Maharashtra FDA questions claims of nutraceuticals

Infrastructure growth slips to 5.6 pc in May

Vigorous monsoon spell in North India

Some States unhappy with TFC's suggestion on market borrowing

Govt asks IOC to seek second opinion on IBP merger swap ratio

ONGC to net Rs 1,400 cr thanks to hike in gas prices

Jewellery market estimated at over Rs 58,000 cr: Survey

NDC `endorses' 10th Plan Mid-Term Appraisal

Monsoon turns rampaging current in north, west

India, Singapore trade to touch $50 b by 2010: Assocham

Current account surplus in Q4 — Trade deficit for the year at record $38 b

Industry welcomes new FM radio policy

`Singapore pact is a step towards India-Asean FTA'

Govt working on special credit plan for SMEs


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