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Saturday, November 19, 2005
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INDUSTRY & ECONOMY

EMPLOYMENT


More jobless among the educated: Study
THE more you are educated, the more the chances of your remaining unemployed! The latest statistics on Employment and Unemployment Situation In India released by the National Sample Survey Organisation (NSSO) reveal that the unemployment rate is ... More

CLIMATE & WEATHER


Next round of rains likely from tomorrow
THE next round of northeast monsoon rains is expected to commence over Tamil Nadu and adjoining States earliest by Sunday. According to the National Centre for Medium Range Weather Forecasting (NCMRWF), the leisurely pace allowed the `low' ... More

ECONOMY


Cheaper metals check inflation
THE annual wholesale price indexrose 4.14 per cent during the week ended November 5, lower than the previous week's annual rise of 4.75 per cent. The fall was largely due to last year's high base and a fall in metal prices, data released by the ... More

Mahindra British, MICO sign pact with Maharashtra Govt
THE Maharashtra Government is likely to sign memoranda of understanding (MoU) with Mahindra British Telecom (MBT) and Motor Industries Co Ltd (MICO) on Monday. The MoUs are for expanding the two companies' operations in the State. Sources ... More

EXCISE AND CUSTOMS


States reluctant to cut stamp duty on NPA take-outs
Stamp duties and registration fees in the States currently range from anywhere upwards of 12 per cent on the cost of the transaction. Such high transaction costs undermined the viability of the NPA take-out, bankers said. More

Drawback rates hiked on slew of items
The Government has increased duty drawback rates on a host of items in line with the recommendations of a committee appointed for formulation of All Industry Rates of duty drawback 2005-06. Accordingly, the duty drawback rates on bicycle have ... More

Plea for hike in import duty on vanaspati
No reduction in customs duty on imported vegetable oils, a hike in customs duty on imported vanaspati and a friendly VAT regime are some of the suggestions made by the New Delhi-based Central Organisation for Oil Industry and Trade in its ... More

FOREIGN TRADE


East Asia Summit a harbinger for Asian integration
An integrated Asian economic community will be an `arch of advantage' across which there would be large-scale movement of people, capital and ideas. This could be an anchor of stability and development for Asia and the world. More

SAFTA will more than double SAARC trade: PM
`SAARC has not succeeded in exploiting the immense potential of the region.' More

HEALTH


Indian-model of `social entrepreneurism' in healthcare to be replicated
IT may baffle policy-makers how to provide healthcare to a "satellite and bullock-cart economy." But Dr William Haseltine, a reputed name in the global scientific community and former chief of Human Genome Sciences, believes that ... More

Army doctors on AIDS awareness tour
WHEN Lt Col Suresh Hivale and Lt Col R.M. Joshi set out on their motorcycles with a group of others from the armed forces in Lucknow on November 8, they were not going on a joy ride. The group of 10 are doctors from the armed forces who are on ... More

INFRASTRUCTURE


Govt to move towards 6-laning of golden quadrilateral: Montek
THE Government has decided to move towards six-laning of the golden quadrilateral road network, which connects the four metros of Delhi, Chennai, Mumbai and Kolkata, the Deputy Chairman of the Planning Commission, Mr Montek Singh Ahluwalia, said ... More

PETROLEUM


LNG imports likely to be increased to meet demand
The Government is contemplating oil bonds of about Rs 11,500 crore for oil marketing companies, for losses suffered due to non-revision of prices of petroleum products. More

Assam Co completes testing at Amguri 6 well
ASSAM Co has tested oil at its Amguri 6 well where it has been carrying out exploration in association with Canoro Resources. The company, which dates back to 1839, has completed remedial operations and initial testing on a 19-metre interval of ... More

ONGC won't sell its stake in IOC, says Raha
THE Chairman and Managing Director of ONGC, Mr Subir Raha, has said that the company will not sell its stake in Indian Oil Corporation. "I'm not selling. I will hold it as an investment," he told presspersons on the sidelines of the Economic ... More

PHARMACEUTICALS


Ranbaxy seeks directive on generic manufacture of Tamiflu
AFTER China recently reported deaths due to avian influenza (bird flu), domestic pharmaceutical companies are seeking a clear directive from the Government on manufacturing of Tamiflu (Oseltamivir Phosphate) in India. While officials in the ... More

POWER


NTPC to set up captive coal mines
AS part of measure to make it less dependent on Coal India Ltd (CIL), National Thermal Power Corporation (NTPC) has decided to set up captive coal mines to produce at least 50 million tonnes (mt) of non-coking coal by 2012 when the corporation ... More

TAXATION


Govt panel looking at R&D expense-related tax provisions
THE Union Budget for 2006-07 may see certain changes in the income-tax provisions relating to the research and development (R&D) expenditures incurred by companies. Currently, corporates can avail a weighted deduction on such ... More

TEXTILES


CII meet on textiles in Hyderabad
THE Confederation of Indian Industry in association with the Andhra Pradesh Government is holding a two-day conference on textiles `Emerging opportunities, the road ahead' at Hyderabad on November 24-25. The conference, which will focus on ... More

SSI


Nortel sees potential in SMB segment
NORTEL Networks, a global telecom and communications equipment maker, is bullish on the small and medium size business (SMB) segment in India. Last quarter, it launched Business Communications Manager 50, which is an all-in-one platform for ... More

TRAVEL & PLACES


US Consulate raises visa fee to Rs 4,600
THE US Consular Sections in India on Friday announced an increase in the service fee, on account of adjustments in the exchange rate used for consular transactions. "Effective November 16, 2005, the US consular sections in India have adjusted ... More

WATER


AP proposes to provide piped water in all cities
IF the plans of the Andhra Pradesh Government come through, residents of all cities of the State will get piped water round-the-clock. The Chief Minister, Dr Y.S. Rajasekhara Reddy, has asked the officials to prepare a strategic action plan to ... More

COAL


Jhanjra project foreclosure cleared
THE Cabinet Committee on Economic Affairs (CCEA) has approved foreclosure report for Jhanjra underground project of Eastern Coalfields. Briefing reporters after a meeting of the CCEA, the Finance Minister, Mr P. Chidambaram, said the ... More

TERRORISM


What Jehanabad means
ON NOVEMBER 13 history was once again made in rural India when Maoist guerrillas wrested control of Jehanabad — a district headquarters town in Bihar — for a couple of hours, during which time the jail was ... More

EDUCATION


IIM Kozhikode's 2-day seminar from today
THE Indian Institute of Management, Kozhikode, is organising its annual consulting seminar, Konsult 2005, at IIMK campus on November 19 and 20. Konsult 2005 will revolve around the theme `Consulting in the 21st Century: Prospects and ... More

NIFT to be accorded university status
THE Cabinet has given its approval for the introduction of a Bill in the ensuing winter session of Parliament for conferring university status on the Delhi-based National Institute of Fashion Technology (NIFT). A Bill to this effect would be ... More

`Think a little different from the ordinary'
ASPIRATION, ability to perform, readiness to act, choosing right direction and effective communication are the keys to success, according to Salem-based human resources training consultant, Mr M.K. Laxman. At a workshop on `Managerial skills' ... More

INDUSTRY ASSOCIATIONS


Cochin SEZ assn office-bearers
KOCHI: The Cochin Special Economic Zone Industries Association has elected Mr K.K. Pillai, Managing Director, Nikasu group as the President, and Mr M.G. Radhakrishnan, Director Indian Operations of ECDS (P) Ltd as Secretary for 2005-06, ... More

Free FAPCCI consultancy
HYDERABAD: The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) will launch a `Free Consultancy Service' on issues related to Central Excise and Customs, service tax, foreign trade and labour laws on November 19. The ... More

SCIENCE & TECHNOLOGY


K. Radhakrishnan is NRSA chief
DR K. Radhakrishnan has taken over as the new Director of National Remote Sensing Agency. NRSA is an autonomous body of the Department of Space. He succeeds Dr R.R. Navalgund, who has moved to Space Applications Centre, Ahmedabad, according to ... More

50 acres for science city
HYDERABAD: The Andhra Pradesh Government has allocated 50 acres at Budvel village in Rajendranagar mandal of Rangareddy district for the proposed Science City. The Science City is being jointly promoted by the Central and State ... More

FOREIGN DIRECT INVESTMENT


Retail: Govt weighing different FDI models
The debate boils down to big malls versus small shops, and not FDI versus small kirana stores, says Minister. More

MIGA offers insurance product for SMEs — Eligibility: Less than 300 staff, $15-m assets, $15-m sales
A MISCONCEPTION over the functioning of the Multilateral Investment Guarantee Agency (MIGA), which was holding up Indian government approving proposals guaranteeing investments into India, has been cleared. With this, several companies that ... More

WTO


`WTO meet must discuss textile issues separately'
"To protect jobs in the industry in the poorest countries, textiles and clothing needs to be detached from the general discussions." More

SOCIAL WELFARE


New philanthropy centre to be set up at Nitte
MANGALORE: The Justice K.S. Hegde Institute of Management will set up `Centre for Studies on Philanthropy' at Nitte in Udupi district. A press release by the institute said here on Friday that Dr Samiul Hasan of the School of Management, ... More

EVENTS


Amendments to Competition Act to be finalised soon: Gupta
THE Minister of State for Company Affairs, Mr Prem Chand Gupta, said on Friday that amendments to the Competition Act were expected to be finalised shortly. When asked whether the amendments would also indicate the role of the Competition ... More

All set for Dubai air show tomorrow; major deals likely
MAJOR deals are expected to be announced at the Dubai Air Show, the largest in the series, which gets under way on Sunday at the Airport Expo Dubai with 726 exhibitors from 46 countries. The event, which will bring the focus of the global ... More

INCOME TAX


Ministry open to suggestions to simplify FBT
THE Finance Ministry is still open to suggestions on further simplification of the structure of the fringe benefit tax (FBT). Stating this at an international tax conference here, the Revenue Secretary, Mr K.M. Chandrasekhar, said the Finance ... More

TOURISM


After a lull, timeshare segment now enters growth phase
THE buoyancy in the economy has been reflected in the growth in the leisure travel and vacation segment. Mr B.S. Rathor, Chairman and Principal Advisor, All India Resort Development Association (AIRDA), said that the domestic holiday market ... More



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Looking back
Nov. 6-Nov. 12
Chilli pulls down H1 spices export

Ma Foi to convert quarterly employment survey to half-yearly

`India's trade with SAARC region up 19%'

INSAT-4A fully booked — ISRO sees good demand for DTH services

Tea exports likely to be hit as EU sets new residual limits

Oilmeal exports rise on demand from S-E Asia

Govt notifies hike in FDI ceiling in telecom to 74%

Exporters revert to dollar invoices as euro weakens

FMCG cos up adspends to cash in on resurgent growth

US-China textile pact may not affect India: Exporters

Infrastructure: India, US to create stronger investment climate

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Import of sensitive items up 5.2 pc in Apr-Aug period

`Change seen in livelihood patterns in rural areas'

FDI flow into infrastructure projects
Dispute resolution mechanism must: US


High prices take toll on bullion demand

Dip in crude prices, oil bonds may help oil cos post profits

DDT set to make a comeback as malaria control agent


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