Financial Daily from THE HINDU group of publications
Thursday, July 28, 2005
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INDUSTRY & ECONOMY

POLLUTION


Greenpeace activists dump sludge at PCB office entrance
IN a bid to attract the attention of Andhra Pradesh Pollution Control Board (APPCB) to the chemical crisis in the neighbouring Medak district, about 30 Greenpeace activists turned up at PCB's headquarters at Sanathnagar and dumped sludge at the ... More

CLIMATE & WEATHER


Banks in Maharashtra to remain closed today also
BANKS will remain closed in the rain-hit Maharashtra for the second day on Thursday as the State government declared holidays on Wednesday and Thursday under the Negotiable Instruments Act. Consequently, there will be no transactions and ... More

Rains hit port operations in Mumbai
LOADING and unloading operations at the Jawaharlal Nehru Port Trust (JNPT) and Mumbai port were severely affected due to the incessant rains that lashed the country's commercial capital on Tuesday and Wednesday. Officials said operations at ... More

Through deluge, Mumbaikars manage jams and dead phones
IT was a deluge that respected no rules and inconvenienced all. The music group Traffic's Dear Mr Fantasy was still a prayer to escape monotony when the morning's steady drizzle grew into a veritable curtain of water. Tuesday late ... More

LOTTERY


Kerala HC upholds State ban on online lotteries
THE Kerala High Court on Wednesday upheld the State Government action in prohibiting the sale of online lotteries. Mr Justice K. Balakrishnan Nair upheld the ban order while dismissing a writ petition filed by the State of Sikkim and agents of ... More

SOCIAL SECURITY


EPFO decision on interest rate delayed
THE rain in Mumbai is also taking its toll on the Employees' Provident Fund Organisation's (EPFO) bid to fix the interest rate for the current fiscal. A meeting of the Finance and Investment Subcommittee of the EPFO scheduled for Wednesday had ... More

`Most Indians bet on family support post-retirement'
AN HSBC survey on retirement has revealed that nine out of every 10 Indians expect to rely on their children for care in old age. "Indians rarely think they will need to bear their own retirement costs. Nor do they expect the Government to ... More

ECONOMY


NCAER lowers GDP forecast marginally
THE National Council of Applied Economic Research (Ncaer) has marginally revised downward its forecast of the growth rate for the economy during the current fiscal from its earlier 7.2 per cent in April to 7.1 per cent now, taking due cognisance ... More

HEALTH


AP Govt puts malaria toll at 7
VISAKHAPATNAM: The number of deaths due to malaria in the agency (tribal) area of the Visakhapatnam district is put at seven by the State Government. Two persons died of the fever in Srikakulam and Vizianagaram districts and there are no ... More

INFRASTRUCTURE


Infrastructure sector grows 10.2 pc in June
THE growth rate in the six infrastructure industries stood at 10.2 per cent for June 2005 - up 2.4 per cent compared to the same period last fiscal. This was mainly because of the buoyancy in steel, cement, and power sectors. The improved ... More

KSHB signs MoU for habitat centre
THE Kerala State Housing Board (KSHB) and Housing and Urban Development Corporation Ltd (Hudco) have signed a memorandum of understanding for establishment of the Thiruvananthapuram Habitat Centre. Modelled on the lines of the India Habitat ... More

CII moots apex body for infrastructure expansion
FOLLOWING a detailed study carried out on the progress of public private partnership (PPP) projects in infrastructure in the four southern States, the Confederation of Indian Industry (CII) has recommended an apex level authority for faster ... More

Poor infrastructure hinders investment in India: KPMG
THE Indian manufacturing sector offers better return on investments as compared other emerging markets, including China, according to the consulting firm KPMG. In a report titled `Manufacturing in India,' KPMG has said that India's large ... More

CII summit to have special session on Karnataka
THE third CII infrastructure summit, SUMINFRA, which opens in Hyderabad on Thursday, will have a special session called Invest Karnataka. The Chief Minister, Mr Dharam Singh, will be a special guest at the inaugural session on July 28. The ... More

PETROLEUM


Gas from Myanmar: Daewoo-led group plans sub-sea pipeline
A consortium led by Daewoo, in which Oil and Natural Gas Corporation has 20 per cent stake, is looking to construct a sub-sea pipeline and get two liquefied natural gas (LNG) trains for transportation of the gas found in the offshore block A1 in ... More

POWER


Water level in Kerala hydel reservoirs up
HEAVY rains in the past few days in the catchment areas of the hydroelectric projects in the State have raised the water level in all the reservoirs. The inflow has been so good that with the water level on Wednesday morning 1,586.5 million ... More

`India can generate 90 billion units with better power plant maintenance'
IF power plants take to renovation and maintenance, India could generate additional 90 billion units of power, which is estimated at about 15 per cent of the country's 480-500 billion units of generation, according to experts. The Executive ... More

TERI signs pact with global forum for energy security
THE Energy and Resources Institute (TERI) and the Riyadh-based International Energy Forum Secretariat (IEFS) on Wednesday inked a memorandum of understanding to promote global and sustainable energy development. Dr R.K. Pachauri, Director ... More

Seminar on energy conservation in Mangalore
THE Karnataka Renewable Energy Development Ltd (KREDL) - a Government of Karnataka enterprise - will hold a seminar on `role of energy conservation and energy audit in present scenario' in Mangalore on July 29. A KREDL press release said ... More

REAL ESTATE & CONSTRUCTION


Property Expo at Kochi
KOCHI: Kerala Builders Forum, an association of builders in the State, is organising a 3-day `Property Expo' here from July 29. This is the third year in succession that KBF is holding the property show in Kochi. The KBF Chairman, Mr ... More

SCIENCE & TECHNOLOGY


`An assured access to space'
ON JULY 18, 1980, India's SLV-3 (Satellite Launch Vehicle), painted white and grey, rose from its launch-pad at Sriharikota in Andhra Pradesh. It put a 38.5-kg satellite, Rohini, in orbit. The Project Director of that mission was A.P.J. Abdul ... More

DISINVESTMENT


CPI (M) raises issue of sale of Centaur Airport hotel
THE issue of resale of the disinvested Mumbai airport Centaur hotel at a premium of Rs 32 crore was raised on Wednesday by an independent panel that included CPI (M) Member of Parliament, Mr Dipankar Mukherjee. Addressing a press conference ... More

INCOME TAX


IT returns: Deadline extended up to August 31 in Maharashtra
THE Central Board of Direct Taxes (CBDT) has extended the due date for filing of returns of income to August 31 in the case of income-tax assessees in Maharashtra. A decision to extend the due date (July 31) was taken today by the CBDT after ... More

EXPORTS & IMPORTS


Cashew exports may be hit on withdrawal of benefits
THE recent withdrawal of export benefits to cashew under the `Vishesh Krishi Upaj Yojana' (VKUY) scheme is likely to have a negative impact on its exports. Under the amended Exim policy, the Centre had included cashew in the Minor Forest ... More

VENTURE CAPITAL


Grab the VC's eye in a 3-min `Elevator Pitch'
LEADING venture capitalists (VCs) from across the globe would assemble at the Indian School of Business (ISB) here on Thursday to screen attractive entrepreneurial ideas through `Elevator Pitch', a programme at which each entrepreneur would ... More

NATURAL CALAMITIES


Mumbai is shut
MUMBAI came to a shuddering halt as heavy rains (of 90 cm) over the last 24 hours stopped rail and bus traffic, silenced mobiles and land lines, tripped power lines and destroyed middle-class and slum dwellings. Financial and banking services ... More

Death toll at 99; property worth Rs 500 cr damaged
THE heavy rains killed 99 people and destroyed property worth Rs 500 crore in the State, the Chief Minister, Mr Vilasrao Deshmukh, said. He said the death toll could go up and details of the damage to properties are yet to be known. The ... More

Is Konkan belt next on the hit list?
THE deluge in Mumbai on Tuesday that saw a record breaking 94.4 cm of rain swamp the international airport and the neighbourhood has been attributed to the formation of a monsoon vortex, a destructive feature associated with the most active phase ... More

It's raining trouble for ATM users
IF you had a problem taking money out from an SBI ATM in Kerala or Andhra Pradesh, for instance, blame it on the rains in Maharashtra. The downpour on Tuesday seems to have taken its toll on bank customers not just in Maharashtra, but in other ... More

Mumbai deluge may drain insurers on motor portfolio
INSURERS fear that the deluge in Mumbai on Tuesday is likely to create a large dent in their motor portfolio. "There could be a lot of claims on the motor insurance side since many cars and other vehicles would have to undergo repairs. We have ... More

TOURISM


Karnataka draws plans to improve tourism
KARNATAKA has drawn up plans to improve the Hampi heritage tourism centre and the coastal areas in the State to improve the infrastructure to attract more foreign tourists. The Government has approached both the Japan Bank for International ... More

PEOPLE


QCFI chief re-elected
VISAKHAPATNAM: Mr K. Ayyappa Naidu, Director (personnel) of Rashtriya Ispat Nigam Ltd (Vizag Steel Plant), has been re-elected chairman of the Visakhapatnam chapter of the Quality Circle Forum of India (QCFI). He was elected unanimously ... More


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Top Stories
Is Konkan belt next on the hit list?


Poor infrastructure hinders investment in India: KPMG

Offshoring: `Separate roles for India, China'

Firmness in gold prices temporary

Infrastructure sector grows 10.2 pc in June

Cashew exports may be hit on withdrawal of benefits

Tata Steel net up 24 pc

Heavy provisions, loss on investments sale — Andhra Bank Q1 net falls to Rs 85 crore

In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Jul. 17-Jul. 23
`Break monsoon' scaled down; `weak monsoon' in

Steel prices likely to firm up by September: RINL chief

Exports rise 19 pc in first quarter

`FMCG sector to grow over 50 pc by 2010'

Ma Foi predicts cooling off quarter for jobs

NELP panel calls for appointment of nodal officers

Indian Textile Clusters, Carrera Holdings sign pact for textile consortium

No let-up in movement of ore to steel plants

Rajeev Chandrasekhar may tune into FM radio

Govt fixes floor price for e-auction of coal

Chidambaram for `measured response' to market swings

Yuan change: No major benefit seen for textile exporters

Iron ore market to remain in balance till 2010

India largest recipient of World Bank aid

Exim Bank to extend $400 m line of credit — Firms exporting to 2 CIS nations, Francophone countries likely to benefit

Textile exports to US decline in May


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