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Tuesday, December 13, 2005
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Long monsoon tail on view as `easterly wave' approaches
THE `easterly wave' comprising convective clouds bracing to enter the Bay of Bengal waters might just signal the beginning of the end of a phenomenon in which a parade of such rain-bearing systems has rolled down from the South China Sea, as if ... More

NON-CONVENTIONAL ENERGY


Nedcap to launch awareness drive
ROPING in business chambers, transport industry, pollution control board (PCB) and housewives, the Nedcap (Non-conventional Energy Development Corporation of Andhra Pradesh Ltd) has decided to organise an massive week-long awareness campaign ... More

ECONOMY


States urged to compile rural economic data
THOUGH a good number of States across the country have been compiling statistics for the gross state domestic product (GSDP) in the urban areas, most of them have failed to bring together statistics of rural areas. The vital statistics of GSDP ... More

`Indian economy to grow 7-8 pc'
NEW DELHI: The Indian economy should grow at 7-8 per cent during fiscal 2006-07, according to a research by American Express Bank. An Economic Outlook research report has said that stabilisation or further fall in oil prices should also ... More

Industrial production index dips in Oct
A NEGATIVE 1.8 per cent growth in the mining sector coupled with a slower 9.6 per cent growth in the manufacturing pulled down the Index of Industrial Production (IIP) to 8.5 per cent in October 2005 compared to 10.6 per cent in the same month a ... More

INFRASTRUCTURE


Rail freight corridor may be jointly owned by Rlys, port trusts, PSU clients
THE proposed dedicated rail freight corridor may be jointly owned by Railways, its major PSU clients like SAIL and those from mining, oil sectors and various port trusts. Speaking at a conference here on Monday, Mr Anwar-ul-Huda, Member, ... More

Men at work
Work in progress for the micro-tunneling project in Mumbai. Patel Engineering, a Mumbai-based infrastructure construction company, on Monday completed daylighting of the micro-tunneling project along the railway lines in Mumbai. The project, ... More

PETROLEUM


Gas produced under NELP — Exploration & production cos seek fiscal concessions
THE exploration and production companies in the hydrocarbon sectors have urged the Finance Ministry to consider extending fiscal concessions for the gas produced under the New Exploration Licensing Policy (NELP) in line with exemptions proposed ... More

ONGC, Petroleum Ministry likely to sort out MoU controversy soon
THE ongoing controversy between Oil and Natural Gas Corporation (ONGC) and the Petroleum Ministry over the signing of the memorandum of understanding for the current fiscal's performance target may end soon. The top brass of ONGC is expected ... More

OVL-built pipeline dedicated to people of Sudan
THE 741-km-long multi-product pipeline built by ONGC Videsh Ltd (OVL) was dedicated to the people of Sudan by Mr Salva Kiir Mayardit, the first Vice-President, Government of Sudan, on Saturday at a formal ceremony at Khartoum Refinery, Khartoum, ... More

TAXATION


BJP meet gives in-principle nod for VAT adoption; raises fresh concerns
THE Bharatiya Janata Party (BJP)-ruled States on Monday raised a slew of concerns, including some fresh ones on the proposed State-level value added tax (VAT) system, even as the party high command gave an in-principle nod for the adoption of VAT ... More

Adopt VAT in all States: Assocham
NEW DELHI: The Associated Chamber of Commerce and Industry of India has appealed to all political parties to take decision on value added tax (VAT) purely on economic considerations and adopt VAT by January. The chamber is of the view ... More

SSI


Small sector industries want more credit — `Reservation has become a mockery'
`The SSI sector is losing importance with the Government diverting funds to schemes like the Prime Minister's Rozgar Yojana' More

RADIO/TV


Radio rights must remain with AIR: Prasar Bharati tells BCCI
PRASAR Bharati, on Monday, wrote to the Board of Control for Cricket in India (BCCI) stating that the radio rights would have to remain with All India Radio (AIR) as the existing private FM radio policy does not permit broadcast of live ... More

EDUCATION


BPO efforts to lure school freshers `suicidal'
BPO's may propose to catch them young, but the Chairman of All India Council of Technical Education (AICTE), Mr D. Acharya, disposes of the idea. Attracting the younger crowd, fresh out of high school, will not only harm the education system but ... More

Cyber tuitions
DEVKI Infonet Systems has launched cybertuitions.com to promote e-learning. The services of eminent professors in any field worldwide are available on the portal. Anyone can take tuition from his office or home. A student can attend ... More

`Bet on quality, marketing innovation'
DEDICATION and sincerity in serving customers are important for a manufacturer to retain customer loyalty, Mr V.R. Muthu, CEO, Idhayam group, a manufacturer of edible oil in Tamil Nadu, has said. Mr Muthu made a strong pitch for quality and ... More

GATE `mock test'
HYDERABAD: GATE Forum is organising a `mock test' for the aspirants of GATE (Graduate Aptitude Test in Engineering) on December 18 here. It would be part of the exercise planned in 24 cities on that day. The test is scheduled to be ... More

REAL ESTATE & CONSTRUCTION


Bhagyanagar Metals shortlisted for two housing projects
BHAGYANAGAR Metals Ltd informed the BSE today that the company has been shortlisted as the highest bidder for development of housing projects on a 52-acre plot in Visakhapatnam and another commercial-cum-residential deal at Kukatpally, ... More

INDUSTRY ASSOCIATIONS


`More farm commitments needed from rich nations'
THE FICCI has called for fewer farm tariff reduction commitments from developing countries compared to their developed counterparts at the WTO Ministerial Conference that gets under way in Hong Kong tomorrow. The chamber has also called for a ... More

HANDLOOM


Call for capacity building in handloom, handicrafts
THE President, Mr A.P.J. Abdul Kalam, today said there was a need for scaling up capacities in the handloom and handicraft sector so that the employment generation potential of the sector could be fully tapped. "Handicraft and handloom sector ... More

SMALL SAVINGS


Assocham seeks ceiling on investment in Govt saving schemes
THE Associated Chamber of Commerce and Industry (Assocham) has urged the Government to place a ceiling on public investments in the Government's promoted savings schemes such as Kisan Vikas Patra, monthly income schemes of post offices and senior ... More

FOREIGN DIRECT INVESTMENT


Fear of `conflict diamonds' entering country — Mines, Industry Ministries differ over 100 pc FDI in diamond mining
Conflict diamonds originate primarily from African countries where rebels or factions opposed to internationally recognised governments illegally mine and trade diamonds. More

EVENTS


Seminar on `Kerala in global economy'
A SEMINAR on `Kerala in the global economy - Opportunities and challenges' will be held here from December 13 to 15. The seminar is being jointly organised by Asian School of Business, Stanford Centre for International Development, Kerala ... More

Construction industry needs to use more fly ash: Minister
THE entire bulk of around 100 million tonnes (mt) of fly ash produced in the country can find its way into the production of building material, if the construction industry is convinced of the advantages of using fly ash as a raw material, the ... More

Auto Expo to have more overseas participation
THE forthcoming auto expo in the Capital is set to see an increased participation from overseas players, with Chinese companies leading the rush. Around 200 overseas exhibitors from 20 nations (including country pavilions from China, Germany, ... More

Geo-Science workshop
HYDERABAD: As part of its Golden Jubilee Celebrations, the Geology Department of Osmania University is organising a National Workshop on Geo-Science Education — recent trends and challenges on December 18. The workshop would help ... More

ECONOMIC OFFENCES


11 MPs pay the price in money-for-questions scam
AFTER the Volcker report on the UN oil-for-food scam, Parliament was rocked again today with another corruption exposé - video footage showing members taking money in order to raise questions in the House. The exposé, aired on Hindi news ... More



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Top Stories
Coke plans big splash in health, wellness space


Fear of `conflict diamonds' entering country — Mines, Industry Ministries differ over 100 pc FDI in diamond mining

Debit card usage growing fast

Sugar production may touch 187 lakh t

BJP meet gives in-principle nod for VAT adoption; raises fresh concerns

Bajaj plans fresh bike, scooter rollouts in 2006

In Focus

Trends in IT - 2005
FDI in retail sector
Indian Aviation: Sky is the limit
India Inc's bonus bonanza
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Dec. 4-Dec. 10
Bill to amend CST Act to be introduced

For Railways, steel may indeed be worth its weight

`Growth story for paints is here'— Booming economy drives domestic market to the fore

Crop cover: Satellite images to assess claim payouts

Tax experts want wider scope for quoting PAN to check evasion

Panel for exempting contribution to superannuation funds from FBT

`Releasing ads thru DAVP not in PSUs' interest'

Cotton exports likely to top 20 lakh bales

EEPC facilitates $1-m export orders from SE Asian markets

e-encyclopaedia on traditional knowledge getting ready

China's appetite for commodities far from satiated

German textile machinery industry bets big on India

30 pc chilli output dip may hit oleoresin sector

Niche foreign retailers have big plans for India

Shrimp exporters turn innovative; revamp biz

India could become a hub for vaccine production: PM

China's auto sector set to enter critical phase

Centre tries hi-tech initiative to monitor power stations

Advanced degree H-1B visas likely to dry up soon

BMW looking to source components from India — Signs pact with TN for CKD plant

15 lakh t soyameal contracted for exports

Beer: No more a seasonal drink?

PM urges unions to respond to changing times


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