The Hindu Business Line : Monday, August 08, 2005

FICCI moots measures to strengthen rural job scheme Bill
THE Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested a package of measures for strengthening the National Rural Employment Guarantee (NREG) Bill. It also mooted the tightening of the delivery system and strong ... More

CLIMATE & WEATHER

Plains in the north bracing for `weak phase' of monsoon
The NCMRWF said rainfall is likely over the north and northwest during the next 24 hours. Subsequently, rainfall activity is likely to recede from the plains. More

INFRASTRUCTURE

An underpass to underdevelopment?
FROM the way the local media went to town, one could have been forgiven for thinking that Thiruvananthapuram, the capital of Kerala, had been magically transformed into a city of plenitude. That was the kind of rapturous reportage that heralded ... More

PETROLEUM

Impact of crude price — RBI may prefer status quo monetary policy
The RBI has stated that an upturn in the inflation numbers would be countered with prompt and effective (monetary policy) action. If global oil prices rise further, there will be pressure to hike domestic oil prices. An analysis of the price patterns and trends in the global crude oil markets is, therefore, essential to gain an insight into how the domestic interest rate markets are going to shape up. More

HC seeks report on petrol storage tanks in Kochi
THE Kerala High Court has directed the District Crisis Management Group to file an action-taken report on the construction of storage tanks for petroleum products in the land owned by the Cochin Port Trust. A Division Bench consisting of the ... More

POWER

APERC draft on power accounting, wheeling norms
THE Andhra Pradesh Electricity Regulatory Commission (APERC) has announced a draft `Interim Balancing and Settlement Code' to be followed in the accounting of demand and energy to be wheeled. It also laid guidelines for settlement of deviations ... More

Political parties opposed to pvt players' entry in n-power
POLITICAL parties across the spectrum seem to be opposed to any attempts at opening up the nuclear power generation sector to participation by private players, at least in the near future. While the Left parties, which are supporting the UPA ... More

Mescom urged to sign pact with Nagarjuna Power
THE Jaya Sri Krishna Parisara Premi Samiti, a non-governmental organisation based in Udupi district, has urged the Mangalore Electricity Supply Company (Mescom) to sign an agreement with the Nagarjuna Power Company Ltd (NPCL) for purchasing 350 ... More

7 SEBs reduce cash losses by Rs 3,000 cr
STATE electricity boards (SEBs) have begun a clean-up of their balance sheets and have managed to partially plug the leak. Led by West Bengal, Gujarat and Andhra Pradesh, the distribution utilities of seven States have managed to collectively ... More

TEXTILES

Weaving IT into the process
A weaving unit down South caters to US clients with aplomb. Helping it to keep its poise - and customers - is software that enables it to design just what one wants. More

The threads of technology
At first look, the premises are full of bare-bodied men, either operating the dyeing machines or pulling out dyed cotton and putting it out to dry. What software could exist in this environment, one wonders. But soon, S.M. Joseph, partner ... More

Modernisation of 22 mills — NTC calls bids for machinery supply
NATIONAL Textile Corporation has invited bids for supply of textile machinery, both domestic and imported, as part of its proposed modernisation of 22 functioning viable mills. Having received the nod from the Board for Reconstruction of ... More

SSI

SIDBI to set up credit rating agency for SMEs
THE Small Industries Development Bank of India (SIDBI) is setting up a credit rating agency exclusively for small and medium enterprises. Speaking to reporters here after signing of a Memorandum of Understanding, to enhance credit flow to ... More

GEMS & JEWELLERY

Gems and jewellery SEZ at Kancha Imarat
THE Gitanjali group will develop an exclusive special economic zone (SEZ) for gems and jewellery on a 200-acre plot at Kancha Imarat at nearby Shamshabad. Expected to be completed in two years, the SEZ will generate 50,000 jobs in the areas of ... More

FOREIGN DIRECT INVESTMENT

`Volkswagen still keen on investing in India'
ANDHRA Pradesh, whose reputation as an investment destination seemed to have taken a beating following the controversial events surrounding the German carmaker Volkswagen recently, has received solace from trade bodies involved in Indo-German ... More

RURAL DEVELOPMENT

Implement land reforms: Bengal CM
THE West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, today highlighted the problems plaguing the rural economy and emphasised the need to implement land reform programmes to improve the plight of the rural masses. Delivering the 15th ... More

EVENTS

Students design contest
THE Product Development and Management Association of India (PDMAI), a non-profit organisation comprising students, academics and industry people, will organise an all India Students Design Contest to encourage students to come out with ... More

Agenda for the week

EXPORTS & IMPORTS

Better scope for exports in AP: FIEO
HYDERABAD: The Chairman of FIEO (Southern Region), Mr A. Sakthivel, has said that Andhra Pradesh could achieve exports of over Rs 50,000 crore in the next three years. The growth of exports from the State was less than its potential. He ... More

NATURAL CALAMITIES

Airlines still working out losses due to Mumbai rains
AIRLINE companies in the city are still working out the losses incurred on account of the disruption in operations during the recent rains and the resultant flooding. Airline operations were affected for almost a week in the aftermath of the ... More

`Poor disaster management, unplanned development to blame for Mumbai havoc'
A MAJORITY of top CEOs blamed unplanned and unchecked development of suburbs, coupled with complete failure of disaster management, for the havoc suffered by Mumbai in the last week of July, according to an Associated Chamber of Commerce and ... More

Uncertainty grips Panvel after rains
THIS town still does not know for sure what happened on July 26. It probably never will. Its plight during last week's severe rains was lost in the arc lights that focused on much larger Mumbai. Not that Panvel didn't have arc lights - they ... More

Krishna in spate: People evacuated in Vijayawada
THE Krishna is in spate and people in low-lying areas here such as Krishnalanka and rural areas in Krishna district have been evacuated and rehabilitated in relief camps set up by the district administration. According to the District ... More

Air India, IA colonies get Rs 37.5 lakh aid
MR Praful Patel, Union Minister of Civil Aviation, on Saturday announced financial aid of Rs 25 lakh for the residents of the two Air India colonies and Rs 12.5 lakh for those residing in the Indian Airlines colony at Kalina in Santa Cruz, a ... More

PEOPLE

PM releases biography of O.P. Jindal
The Prime Minister, Dr Manmohan Singh, on Sunday released a biography of the late O.P. Jindal, who was Chairman of the Jindal group and the Minister of Power in the Haryana Government. Released to commemorate the 75th birth anniversary of ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line