The Hindu Business Line : Saturday, November 05, 2005

Low-pressure over Bay moving west
THURSDAY'S upper air cyclonic circulation over south Bay of Bengal has intensified overnight and organised itself into a low-pressure area. According to the National Centre for Medium Range Weather Forecasting (NCMRWF), the system is expected ... More

CEMENT

'Cement industry to grow at 8-9 pc in medium term'
THE cement industry will continue to grow at a CAGR of 8- 9 per cent in the medium term on account of big investments planned in infrastructure and housing sector, says an Assocham eco pulse study. The initiatives taken under the National ... More

ECONOMY

RBI pitches for growth with stability
Even while expressing concern over inflationary expectations, the RBI's Mid-term Review of Annual Policy Statement for 2005-06 has refrained from tinkering with either the Bank Rate or the Cash Reserve Ratio (CRR) so as not to disturb the robust grow th momentum of the economy. More

ENVIRONMENT

Deepak Spinners, Alwar Power get UN's CDM registration
WITH projects of Deepak Spinners Ltd (DSL) and Alwar Power Company Ltd (APCL) getting registered as clean development mechanism (CDM) activities, seven Indian projects have made it to the registered list of UN panel on climate ... More

HEALTH

Blood collection monitor launched in Chennai
THIRUVANANTHAPURAM: The Union Minister for Health, Dr Anbumani Ramadoss, launched the Composafe blood collection monitor manufactured by Thiruvananthapuram-based Terumo Penpol at a function in Chennai. A Terumo Penpol spokesperson said ... More

PETROLEUM

Crude lighterage operation begins at Sandheads
KOLKATA port's crude lighterage operation, i.e. ship-to-ship discharge of crude from a huge mother vessel, either a Suezmax or an ultra large crude carrier, into smaller daughter vessels, has begun at the Sandheads, the mouth of the Hooghly river ... More

POWER

SEEM sets up award for energy efficiency
THE Society of Energy Engineers and Managers (SEEM), a professional body of energy auditors and managers, has launched an initiative to recognise Certified Energy Managers (CEM) and Certified Energy Auditors (CEA) on behalf of the Bureau of ... More

STEEL

National steel policy: Focus on efficiency, productivity
Even as NSP seeks to encourage foreign direct investment, it cannot shut itself against foreign steel majors from investing in domestic mines with a view to exporting the ore or the end product after due value addition. More

New steel policy silent on SEZ status for mega plants
WITH the National Steel Policy, recently cleared by the Government, silent on the issue of Special Economic Zone (SEZ) status for mega steel plants, POSCO's proposed steel project in Orissa would have to fight for the special status in the normal ... More

TEXTILES

Indian textile exports expand into new markets
"Indian exports have now started to make it big in markets such as Spain and Italy, where exporters have been able to corner a large proportion of niche orders, coming in mainly from the fashion industry." More

SSI

Fan industry seeks 100 acres of land at Kukatpally for industrial cluster
The Fan Manufacturers Association through a representation wanted the State Government to allot 500 sq yards in the HUDA truck parking area, Kukatpally. More

WATER

Kerala records normal rainfall
THIRUVANANTHAPURAM: The State received normal rainfall during October, the first month of the ongoing northeast monsoon season, said the Thiruvananthapuram office of India Meteorological Department (IMD). The total rainfall recorded ... More

EDUCATION

Plan for Bill to give more autonomy to NIFT
THE Government is planning to introduce a Bill in the winter session of Parliament that would declare National Institute of Fashion Design (NIFT) as an institute of national importance and grant more autonomy to its Board of Governors. "The ... More

Entrance tests for UK college at British Council centres
WIGAN & Leigh College (WLC), India, a part of Wigan & Leigh, UK, has announced a tie-up with the British Council to administer the entrance tests for WLC at various centres across the country. At a press conference here on Thursday, Mr Trevo More

FOODS & FOOD PROCESSING

Assocham for setting up national regulator for food standards
THE Associated Chambers of Commerce and Industry of India has asked the Government to set up a food regulatory authority to set standards for different foods and ensure their enforcement. The proposed authority, which would be the apex body, ... More

REAL ESTATE & CONSTRUCTION

FICCI for lower stamp duties on land deals
THE Federation of Indian Chambers of Commerce and Industry (FICCI) has asked the Government toreduce stamp duties on sale and purchase of land to 2-3 per cent of the value of the transaction. The Chamber says that stamp duty differs from one ... More

`Exempt individual IT parks from environmental clearance'
THE demand for space from the information technology industry is so huge that if space is not provided within six months of an IT outfit making the demand, the unit could go to another country, said Mr Deepak Parekh, Chairman, Housing ... More

HANDLOOM

Health cover for handloom workers
THE Government has given a Diwali gift to over a million handloom weavers and allied workers by launching a health insurance scheme. The scheme, introduced by the Development Commissioner of Handlooms, Ministry of Textiles, will give more ... More

SCIENCE & TECHNOLOGY

New DRDO appointments
THE Defence Research and Development Organisation (DRDO) has announced new appointments among its chain of national laboratories and headquarters in New Delhi. Dr Shreehari Rao has been appointed Director, Defence Electronics Research ... More

FOREIGN DIRECT INVESTMENT

FDI in retail sector may take more time — `Concerns of Left parties to be addressed first'
THE proposed opening up of the retail trade sector to foreign direct investment (FDI) is likely to be delayed till at least early next year. Senior Ministers in the Manmohan Singh Government told Business Line that the concerns of the ... More

SOCIAL WELFARE

Swiss aid agencies to focus more on poverty alleviation
SWISS aid agencies are seeking to reorient their assistance to development projects in India, Switzerland's Ambassador to India, Mr Dominique Dreyer, said here on Friday. "We are currently assessing the situation," Mr Dreyer told reporters on ... More

EVENTS

Vignyan Utsav from today at Kochi
THIRUVANANTHAPURAM: Vignyan Utsav, the five-day exhibition and interactive sessions on `Natural and manmade disasters and their judicious management' will get under way in Kochi from Saturday. Scientific Awareness Forum (SAFE), a ... More

In Hyderabad today

INCOME TAX

The rights and wrongs of FBT
THE common belief is that tax evasion is practised on a large scale in business and profession, while salary earners have recourse to tax avoidance to the extent practicable. It has been the fashion to decry evasion and ... More

On the big game cheques
T. N. Pandey on the tax deductibility of game show winnings More

EXPORTS & IMPORTS

H1 coir exports dip
A DROP in shipments of high value items has led to decline in export of coir products during the first half of the current fiscal, albeit marginally, compared with the same period a year ago. However, there has been an increase in volume. ... More

SBT launches derivatives for risk hedging
STATE Bank of Travancore (SBT) has launched derivative products to help exporters and importers hedge their risks resulting from uncertainties in the future movement of interest and exchange rates. The customers of the bank have been using ... More

NATURAL CALAMITIES

Canara Bank relief for flood-hit families in Mumbai
CANARA Bank has provided relief measures to 107 flood-affected families of Mumbai on October 28, as a part its social banking activity. Sixty-one families of the Veera Desai Road and Andheri West, and 46 families of the Aarey Pada area, ... More

STANDARDS & BENCHMARKS

Gulf Oil begins quality month celebrations at Kukatpally
THE Explosives Division of Gulf Oil Corporation Ltd is hosting a series of events and lectures from November 3 to December 2 to promote quality. The objective isto motivate workers to continue to implement quality improvement systems. The ... More

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