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Friday, July 29, 2005


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INDUSTRY & ECONOMY

POLLUTION


Mumbai High: Govt begins operation to counter pollution
CONSEQUENT to the fire incident in Mumbai High and in anticipation of oil pollution, a pollution response operation has begun today, according to the Ministry of Defence. An aircraft is undertaking aerial dispersal of oil spill dispersants for ... More

CLIMATE & WEATHER


Heavy rains forecast in Gujarat
THE Met Department has forecast heavy rains across Gujarat following the merger of two cyclonic systems over the State. The cyclonic system that wreaked havoc in Mumbai and other parts of Maharashtra has moved northwards into Gujarat and merged ... More

Fresh `low' over Bay likely to extend rain cover to entire country
The monsoon flow continues to be very strong, and will aid the intensification of this system into a depression and expedite its northward progression. More

ECONOMY


Kalam presents 10-point agenda for Kerala
`There cannot be any mission other than removing the poverty of the people and bringing prosperity to the State in a time-bound manner.' More

Dharam Singh woos AP entrepreneurs
THE Karnataka Chief Minister, Mr N. Dharam Singh, has invited Andhra Pradesh-based entrepreneurs to participate in various infrastructure development projects being taken up in his State on public private partnership (PPP) model. He said his ... More

ENGINEERING


Engg exports may double in 5 yrs
ENGINEERING products exports from the country have the potential to grow at a much higher rate in the next five years than the current $13.29 billion, if cost disability factors such as higher transaction costs, cumbersome procedures etc., can be ... More

ENVIRONMENT


AP corpn to build waste treatment plant in Kochi
THE Kochi Corporation and the Andhra Pradesh Technology Development Corporation (ATDC) have signed a memorandum of understanding (MoU) for setting up a solid waste treatment plant at nearby Brahmapuram. The project, with a capacity to process ... More

EXCISE AND CUSTOMS


'Commission will settle tax disputes faster'
THE Settlement Commission of Central Excise and Customs has assured that it would settle cases brought before the Commission within six months from the date of appeal filed by the companies. "The Settlement Commission is undoubtedly a ... More

PETROLEUM


Govt may not issue directions to refiners on kerosene output
WITH the oil marketing companies (OMCs) reaching an understanding with the standalone and private sector refiners on increased supply of kerosene (SKO) for meeting the public distribution system (PDS) demand, the Government may not be required to ... More

PHARMACEUTICALS


US pharma lobby seeks changes in Patents Act
THE powerful US pharmaceutical lobby, PhRMA, has begun attempts to persuade the Indian Government to change certain provisions of the Patents (Third) Amendment Act. This comes days after India and the US entered into several agreements during ... More

POWER


`Fuel shortage will ease only in 2008-09'
THE fuel crunch faced by power utilities is likely to continue for two to three years, with supplies of both coal and gas falling far short of demand. "The coal shortage is not going to get better over the next couple of years. By 2008-09, we ... More

AP may cut power tariff for industrial users
THE Chief Minister, Dr Y.S. Rajasekhara Reddy, today hinted at substantial reduction in power tariff for industrial consumers in the State. Earlier this year, the State had brought down industrial power tariff by about 4 per cent. Speaking at ... More

TAXATION


`VAT swells States' tax revenue kitty'
STATES that have implemented value-added tax (VAT) are experiencing greater revenue buoyancy and greater tax compliance than under the sales tax regime, according to data collected by the Federation of Indian Chambers of Commerce and Industry ... More

New AP stamp duty norms from Aug 1
HYDERABAD: The State Government is set to rationalise the stamp duty structure with effect from August 1, 2005, with regards to agreements relating to title deeds and hypothecation of immovable properties and several other transfer ... More

TEXTILES


Investments in textiles sector
THIRUVANANTHAPURAM: The State Government will commit further investments in the textiles sector, according to the Industries Minister, Mr V.K. Ibrahim Kunju. He said this while inaugurating the customer meet and technical seminar ... More

REAL ESTATE & CONSTRUCTION


`Real estate prices may go up further in Chennai'
Developers from other parts of India such as the Delhi-based DLF, Unitech, Runwal from Pune, RMZ from Bangalore to name a few, have entered the Chennai market. More

Building designers urged to adopt holistic approach
MR T. Chatterjee, Principal Secretary (Environment, Forests, Science and Technology, Government of Andhra Pradesh), has asked civil engineers to keep in mind the concept of environmental zoning while designing buildings. Addressing a gathering ... More

PRECIOUS METALS


European central banks' gold sales target within reach
The selling interest implies that physical market factors will not support gold prices. More

KNITWEAR & HOSIERY


Reverse osmosis plant: CM's help sought for getting subsidy
THE Chairman of Apparel Export Promotion Council and President of Tirupur Exporters' Association, Mr A. Sakthivel, has asked the Tamil Nadu Chief Minister, Ms J. Jayalalithaa, for help in getting 25 per cent subsidy from the State and Central ... More

SCIENCE & TECHNOLOGY


Kalam outlines agenda for Indian space missions
THE President, Mr A.P.J. Abdul Kalam, has outlined an eight-point agenda to guide India's space missions for the next 25 years. Inaugurating a symposium at the Vikram Sarabhai Space Centre (VSSC), Thiruvananthapuram, organised to commemorate ... More

FOREIGN DIRECT INVESTMENT


Bengal, Indonesia co sign pact for two-wheeler unit
THE Indonesia-based Salim Group, which has already lined up investment in real estate sector in West Bengal, has entered into an agreement with the State Government on Thursday for setting up a two-wheeler manufacturing facility at the Uluberia ... More

EVENTS


Blood donation drive
THIRUVANANTHAPURAM: HSBC, Thiruvananthapuram, and Terumo Penpol are jointly organising an elocution competition with a view to promoting the concept of voluntary blood donation. The theme for the competition will be `Promoting repeat ... More

Hallowed stuff
Visitors having a close look at `rudrakshas' on display at an exhibition organised by the Indo-Nepal Rudraksha Organisation in Visakhapatnam on Thursday.

More

Meet on emotional intelligence
MANGALORE: The Goa centre of the ICFAI National College at Alto-Porvorim conducted a workshop on `Emotional Intelligence' for MBA students recently. A press release by the college said here on Thursday that Swami Chidanandji of Chinmaya ... More

Check duty
More

INCOME TAX


No extension for filing of returns
THE last date for filing return of income for salaried and business class is August 1. There will be no extension beyond this date, according to Dr Binoy Gupta, Chief Commissioner of Income-Tax, and Chennai. Since July 31 falls on a Sunday, ... More

NATURAL CALAMITIES


Airlines asked to operate more flights to Mumbai
THE Ministry of Civil Aviation said today that domestic airlines flying to Mumbai could operate more special flights to clear the backlog of passengers wanting to travel to and from the city. The Secretary of Civil Aviation, Mr Ajay Prasad, ... More

Insurance cos bracing for flood of claims
GENERAL insurance companies are bracing themselves for a number of property and motor claims following damages due to flooding in Mumbai. Officials say it is still early, as normal life resumes slowly and people start returning to the office. ... More

Mumbai limping back to normal; over 300 dead in Maharashtra
MUMBAI slowly limped back to normal on Thursday with the weakening of torrential rain. As the water cleared from the roads, rail lines and runways, transport services were partially restored. The Mumbai airport, closed since Tuesday due to ... More

Landslip
People watching rescue workers looking for survivors, following a landslide at Sakinaka about 150 km from South Mumbai. More than 400 people are reported to have been killed in landslides. ... More



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