Financial Daily from THE HINDU group of publications
Saturday, September 03, 2005
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INDUSTRY & ECONOMY

POLLUTION


Troubled waters
The Periyar river changes colour as it flows through the Binanipuram industrial area near Kochi. According to a study conducted by the Kerala Study Council for Science, Technology and Environment, pollution is damaging the estuarine and backwater ... More

RESEARCH & DEVELOPMENT


Centre moots USFDA-like entity for clinical trials
THE Centre has sought the help of the US Food & Drug Administration to put in place a US FDA-like entity with world-class protocols for clinical trials. The proposal mooted by the Union Ministry for Science & Technology is to get the US to .. More

EMPLOYMENT


Govt formulating norms for rural employment scheme
Mr Singh said, at least one third of the beneficiaries are women who have registered and requested for work under the Act. More

CLIMATE & WEATHER


Monsoon exits West; fresh southern pulse brewing
THE southwest monsoon signed off from parts of West Rajasthan while an east-west wind shear was getting established in the South in anticipation of an impending rain `pulse' on a day when mainland weather seesawed over the spatial scale. ... More

NRIS


NRI investment rules liberalised
THE Government on Friday said that all non-resident Indian (NRI) investment proposals would qualify for the conversion of non-repatriable equity into repatriable equity under the automatic route. This facility, however, comes with a ... More

NON-CONVENTIONAL ENERGY


Govt okays coolant channel replacement of Narora plant
THE Government on Friday approved the Rs 235-crore `en-massee' coolant channel replacement of Narora Atomic Power station for enhancing its life by 25 years. "After the en-masse coolant channel replacement, the unit would be suitable for ... More

COURTS/LEGAL ISSUES


Pleas on arbitrator appointment dismissed — `Court free to appoint one if appointing authroity fails to do so'
A HIGH Court was not bound to appoint as arbitrator the person/panel stated by the parties concerned as per an agreement. The court could appoint any independent and impartial arbitrator, if the appointing authority failed to discharge its ... More

ECONOMY


`Warning signal' on world economy
THE UN Conference on Trade & Development (Unctad) has said that as the world economy is still expanding, there are serious risks of a setback with the moderation in growth over the first half of 2005 serving as "a warning". In its 2005 Trade & More

Cheaper food, chemicals peg inflation down
THE annual wholesale price index-based inflation rose 3.08 per cent during the week ended August 20, slowing from the previous week's annual rise of 3.13 per cent. The slowdown was largely on account of a fall in prices of food and chemical ... More

ENGINEERING


Schwing Stetter to open training centre
SCHWING Stetter (India) Pvt Ltd plans to start a training school for equipment operators in association with industries. The school, which would cater to electrical and mechanical areas, would begin classes from October 1 at Chennai, Mr Anand ... More

ENVIRONMENT


Ministry for declaring horseshoe crab as endangered species
The country has two species of the animal, which is found in Balasore in Orissa and Sunderbans in West Bengal. More

Clean campaign
A Kolkata municipal worker is seen cleaning the piled-up garbage. West Bengal is facing a severe attack by viruses of malaria, dengue and other mysterious fevers. The Government is trying hard to provide adequate medical support along with ... More

EXCISE AND CUSTOMS


CAs may be roped in for excise audits — Finance Ministry in talks with ICAI
THE 65,000-odd practicing chartered accountants may soon get more professional opportunities coming their way, with the Finance Ministry looking to leverage their expertise for excise duty reviews or audits. Faced with a sluggish growth in ... More

FOREIGN TRADE


Indo-Italian trade likely to cross $5 billion
THE bilateral trade between India and Italy is likely to cross $5 billion this year, having crossed $4 billion in 2004 with both countries resolving to expand commercial relationship to include new joint ventures, technical collaborations and ... More

EU-India summit on Sept 7; to boost trade ties
THE 6th India-European Union (EU) Summit, scheduled to take place here on September 7 would adopt a joint action plan and a joint political declaration to implement the `EU-India Strategic Partnership' involving concrete steps to increase ... More

HOTELS


Residency group opens hotel at Karur
Located at a distance of about 4 km from the Karur railway station on the national highway, The Residency, Karur, is a property currently being refurbished to conform to the group's standards. The hotel offers 51 centrally air-conditioned ... More

INFRASTRUCTURE


ADB mulls $2-m assistance for urban renewable mission
THE President of Asian Development Bank (ADB), Mr Haruhiko Kuroda, has said that the bank is contemplating a $2-million technical assistance scheme for capacity building under National Urban Renewal Mission. Informing this, an official ... More

PETROLEUM


ONGC, Norsk Hydro ink pact — To explore projects in Iran, Cuba: Aiyar
ONGC Videsh Ltd (OVL), the overseas arm of ONGC, has inked a memorandum of understanding (MoU) with Norsk Hydro, a private Norwegian upstream company. Speaking to presspersons from Oslo in a teleconference here today, Mr Mani Shankar Aiyar, ... More

Decision on petro products price hike likely next week
THE Petroleum Minister, Mr Mani Shankar Aiyar, on Friday indicated that the Cabinet meeting scheduled for early next week might consider allowing the refiners to increase prices of the petroleum products. When asked about the fuel prices in ... More

Pipeline project: GAIL floats tenders for legal, technical advisors
CLOSE on the heels of Ernst & Young (E&Y) being nominated as the financial advisor for the Iran-Pakistan-India pipeline project, global tenders have been floated for appointment of both technical and legal advisors. GAIL (India) Ltd has ... More

PLASTICS


Up in arms
Merchants dealing in plastic bags protesting in Mumbai on Friday against the Maharashtra Government's decision to ban all types of plastic bags.

More

POWER


DVC, Tata Power sign pact for Jharkhand project
DAMODAR Valley Corporation (DVC) on Friday signed the shareholders agreement with Tata Power Company (TPC) for executing a 1,000-MW thermal power project in Jharkhand through the joint venture route. "We are signing the agreement with TPC ... More

COAL


Coal merchants ask CIL to halt e-auctioning
THE Indian Coal Merchants' Association (ICMA) has urged Coal India Ltd (CIL) to abandon the recently introduced system of e-auctioning of coal to the highest bidder. This has created a situation where actual industrial consumers are being forced ... More

EDUCATION


ICFAI varsity ties up with Alchemist HR for placements
THE ICFAI University on Friday announced a placement scheme for students of the distance learning programmes offered by the university. ICFAI has tied-up with the Hyderabad-based Alchemist HR Service Pvt Ltd for extending the services to the ... More

AP: Four-year degree course mooted
THE Andhra Pradesh State Council for Higher Education (APSCHE) has approved a major curriculum revamp that meets the current day industry requirements and has proposed a four-year degree course to include soft skill and industry relevant ... More

AUTOMOBILE COMPONENTS


Govt to maintain level playing field in auto component sector
THE Government has said it would maintain a level playing field for the auto component industry, even as the country signs free trade, preferential trade and business related agreements with other countries. "A level playing field for India's ... More

PAPER, BOARD & NEWSPRINT


Non-VAT regime `hits' TN kraft paper units
KRAFT paper manufacturers in the State are hamstrung by distorted Central and State levies. The two different excise duty rates fixed based on the production capacity of units by the Centre and the non-implementation of value-added tax (VAT) ... More

Pulp & paper research institute to sign MoU with Korean varsity
THE Central Pulp and Paper Research Institute will collaborate with a Korean university to outsource technology for processing pulp to achieve a cleaner manufacture by bringing down the load of effluents from the paper industry. The institute ... More

INDUSTRY ASSOCIATIONS


US think-tank body signs pact with ICC
THE Council of State Governments (SCG) under the US Government, a premier Kentucky-based organisation which forecasts policy trends for state leaders, has signed an agreement with the Indian Chamber of Commerce (ICC) for cooperation and exchange ... More

DISINVESTMENT


Govt to sell 8 pc stake in Maruti to public sector FIs
THE Government has decided to offload eight per cent stake in Maruti Udyog Ltd (MUL) to public sector financial institutions. At the current market price of Rs 513, the sale of eight per cent stake will fetch Rs 1,092.69 crore to the ... More

RURAL DEVELOPMENT


Lupin forms panel to help doctors in rural areas
WHEN Lupin had to fly down doctors from Mumbai to Guwahati to treat an employee who was critically ill, the company decided that it had to extend itself beyond its pharmaceutical ambit. It was not the lack of infrastructure, but knowledge on ... More

AP Govt plans development schemes for villages
THE State Government plans to take up Remote and Interior Areas Development (RIAD) on a mission mode in all remote villages in three years. The Chief Minister, Dr Y.S. Rajasekhara Reddy, reviewing the RIAD programme, said each department head ... More

EVENTS


Equipment expo next month at Hyderabad
HYDERABAD: PS India 2005, an exhibition on rotating equipment, fluid, air & gas handling systems, will be organised here during October 6-8. Considered Asia's largest tradeshow series, the organisers of the PS Show Series are HQ Link ... More

EXPORTS & IMPORTS


ISMA decries Pak sugar body's charges
"PSMA charges of higher sulphur dioxide content are unfounded." More

TOURISM


New Rajasthan tourism policy on the anvil
A NEW tourism policy integrating tourism infrastructure for rural, health and eco tourism through innovative initiatives to attract large-scale private investment for Rajasthan is on the anvil. This was announced here on Friday by the Rajasthan ... More



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