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Thursday, December 22, 2005
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INDUSTRY & ECONOMY

EMPLOYMENT


Kerala: Many countries keen on recruiting paramedical staff thru State agency
SEVERAL countries in Europe and West Asia have shown interest in recruiting paramedical staff through the Kerala Government-owned Overseas Development and Employment Promotion Consultants Ltd (ODEPC). Announcing this at a press conference in ... More

CLIMATE & WEATHER


Outlook on new low-pressure area over Bay maintained
THE National Centre for Medium Range Weather Forecasting (NCMRWF) maintained its outlook of a fresh low-pressure area brewing over the southeast Bay of Bengal on a day when Tropical Depression 07B virtually stagnated over the seas 500 km ... More

NRIS


`Expats' needs to get priority'
THIRUVANANTHAPURAM: The Chief Minister, Mr Oommen Chandy, has said that the needs of the expatriate Keralites will get priority treatment from the Government. He said this while laying the foundation stone for the `Norka' (Non-Resident ... More

ECONOMY


Assam Annual Plan size at Rs 3,507 cr
THE Annual Plan size of Assam for the next fiscal year 2006-07 has been determined at Rs 3,507 crore, inclusive of special plan assistance of Rs 360 crore for projects of priority by the State Government. This was decided here today at a ... More

HEALTH


Home-made reagent to spur low-cost HIV tests
A CRUDE comparison for a critical diagnostic development, but it is perhaps like making your own bread when you cannot afford a loaf. The `win-win-win' product in question is a reagent kit used in HIV monitoring tests; and the developer, Silicon ... More

PETROLEUM


ONGC-CNPC jt venture buys Petro-Canada assets in Syria
A 50:50 joint venture company of ONGC Nile Ganga BV, the fully owned subsidiary of ONGC Videsh Ltd (OVL), and Fulin Investments S.A.R.L., a subsidiary of China National Petroleum Company International (CNPCI), has jointly entered into an ... More

PLASTICS


Bengal likely to ban use of plastic bags
THE West Bengal Government is considering banning the use of plastic bags throughout the State. The objective is to ensure that such a non-biodegradable product does not pollute the environment. This was announced by the West Bengal Chief ... More

POWER


Coal India may cut output as stocks pile up at power plants
COAL India Ltd (CIL) is likely to cut down production following piling up of stocks at the thermal power plants as well as the pitheads of several mines. This is because hydel power generation has increased due to the heavy rains in southern ... More

PowerGrid may enter generation through management contracts
POWERGRID Corporation of India Ltd (PGCIL) is considering an indirect entry into generation through management contracts. The business may be done through a special purpose vehicle. PGCIL, a declared Central transmission utility, is not ... More

Nathpa Jhakri suffers Rs 355-crore loss due to silting
THE 1,500-MW Nathpa Jhakri hydroelectric power project in Himachal Pradesh has suffered losses to the tune of Rs 355 crore on account of closure of the station due to high silt level in river Satluj since its commissioning in 2003. "The total ... More

STEEL


Salem Steel to get Rs 1,200-cr facelift
SALEM Steel Plant, the onlystainless steel plant under Steel Authority of India Ltd (SAIL), will get a Rs 1,200-crore facelift with the Government deciding to double its capacity. The Minister for Steel, Chemicals and Fertilisers, Mr Ram Vilas ... More

WATER


Pothireddypadu discharge scope to be increased
THE Andhra Pradesh Government today decided to go ahead with the plan to increase the discharge capacity of Pothireddypadu head regulator of the Srisailam project to 40,000 cusecs, even as an all-party meet ended up with walk out by some ... More

EDUCATION


ICFAI B-school turns attention to corporates
THE ICFAI Business School (IBS), which initiated management development programmes (MDPs) for corporate houses earlier this year, plans to expand its scope through its multi-State network of universities. Prof. D.S. Rao, Director, ICFAI ... More

Kerala: Akshaya to be extended to 6 more dists
THIRUVANANTHAPURAM: The State Government has decided to roll out the Akshaya project to six more districts. The decision was taken at a meeting chaired by the Chief Minister, Mr Oommen Chandy. Presidents of the district panchayat and ... More

`Hard work & vision key for success'
MARCHING thousand miles starts with a single step and success comes only to those who cherish values early in life and work hard with a vision, said Chartered Accountant, Mr P. Suryanarayanan, at a meeting of the members of BL Club. The meet was ... More

CARS


The wheels are turning
A slew of new cars is set to zoom on to Indian roads next year. As finance schemes make it easier for consumers to buy bigger cars, most of the launches are in the mid-size segment. More

AUTOMOBILE COMPONENTS


Auto sector still tops in drawing investments to Pune, says study
THE city might be the IT industry's favoured destination, but Pune still retains its original title as the Detroit of India, according to a just published study of the new manufacturing capacities in the city since 2001, conducted by the Mahratta ... More

MEDICAL INSTITUTIONS & HOSPITALS


WHO hails Prasad eye institute model
THE World Health Organisation (WHO) has appreciated the model evolved by L.V. Prasad Eye Institute in tackling blindness. The Vision 2020: the Right Sight (1999-2005), a document by WHO in association with the International Agency for the ... More

REAL ESTATE & CONSTRUCTION


Bangalore to remain top choice for commercial space next year
DESPITE the infrastructure issues, , Bangalore would continue to be the preferred location for high quality commercial office space in 2006 with projected absorption of up to 6 million square feet, according to global real estate consultant ... More

PAPER, BOARD & NEWSPRINT


`Paper manufacturers must improve quality to survive'
DOMESTIC manufacturers of paper and paper products are set to face fierce competition in the era of foreign trade agreements (FTAs) and regional trade agreements (RTAs), says the Indian Agro & Recycled Paper Mills Association. The association .. More

DISINVESTMENT


Govt to consider offloading residual stake in five cos
DISINVESTMENT of the Centre's holding in various companies is set to get another push with the Government moving a proposal to divest its residual stake in a clutch of companies including VSNL Ltd and Balco. The proposal is to come up for ... More

SMALL SAVINGS


Tax panel wants Rs 1-lakh limit under 80C reviewed every year — Favours indexation of investment limit with inflation
A COMMITTEE of tax experts has urged the Centre to undertake annual review of the Rs 1-lakh investment ceiling set in this year's budget for allowing certain category of tax assessees to avail themselves of income-based deductions for income-tax ... More

WTO


Govt will safeguard national interests at WTO, assures Minister — Hong Kong draft gives enough 'negotiating space'
THE Government said on Tuesday that it would continue its "close engagement" with various stakeholders on World Trade Organisation (WTO) issues so that the best result could be obtained "fully protecting our farmers, industry as well as ... More

RURAL DEVELOPMENT


Basix to launch health insurance scheme
BASIX, a micro-finance firm working in rural areas, will launch two new products - a health insurance scheme for couples and loan programme for village level organisations. Addressing presspersons here on Wednesday, Mr N.V. Ramana, Managing ... More

World Bank keen on partnering for rural growth
`If the country's aspiration for 10 per cent growth in GDP is to be achieved, it cannot be without the participation of the rural areas.' More

EVENTS


Industrialists must turn `creative leaders'
THE President, Mr A.P.J. Kalam, today asked the captains of industry to become "creative leaders" to address the future needs of economy. Speaking at the Centenary Celebrations of the PHD Chamber of Commerce and Industry (PHDCCI), Mr Kalam ... More

Science congress to focus on integrated rural development
ABOUT 80 delegates from 27 countries including three Nobel Laureates, 5,000 experts and non-government organisations specialising in rural development are expected to take part in the 93rd Indian Science Congress to be held at Acharya NG Ranga ... More

Trade fair to begin in Madurai tomorrow
MADURAI: The ninth Chamber Trade Fair 2006, organised by the Tamil Nadu Chamber of Commerce and Industry, will be held in the city between December 23 and January 9. "The objective is to manifest the superiority of India-made products and ... More

INCOME TAX


Govt urged to amend I-T laws relating to BPOs — $1-b revenue, jobs at stake, warns Nasscom
THE National Association of Software and Services Companies (Nasscom) on Wednesday said that Income-Tax law should be amended to provide that "arm's length price" for outsourced work be determined only on the basis of activities performed by the ... More

FICCI seeks `ombudsman' for direct taxes
Industry chamber FICCI has petitioned the Government for appointing an ombudsman for direct taxes. The chamber also called for a re-look at the provisions for search and seizures, Centvat rules and service tax for EoUs, among the suggestions ... More

EXPORTS & IMPORTS


Sugar mills may delay fulfilling export obligation
EVEN as the country's sugar industry has to export about 20 lakh tonnes of sugar to meet the export obligations against import of raw sugar, the industry appears to be in no hurry to ship it in the near future. Given the firm domestic prices, ... More

VAT leading to rise in transaction costs for exporters: Study
THE implementation of the State-level value-added tax (VAT) has led to increased transaction costs for exporters in sectors such as leather and leather products, drugs and pharmaceuticals, and automobiles, according to the findings of a ... More

NATURAL CALAMITIES


Large claims on account of floods — PSU insurers may trim dividend payouts
FACED with large claim settlements, public sector general insurers are expected to prune their dividend payouts to the government during the current year. The four PSU insurers and the General Insurance Corporation of India, the national ... More

Programme on tsunami on Discovery
A YEAR after the killer tsunami waves that claimed millions of lives in Asia, the Discovery channel is airing a programme titled Unstoppable Wave, which delves into the causes of the disaster. The programme is about an expedition of ... More

TOURISM


Singapore polishing tourism strategy — To introduce casinos, high-value restaurants, bars
SINGAPORE is reinventing its tourism to stay ahead of the competition in the region and increase tourist arrivals. Introducing new attractions such as casinos and entertainment concepts from the US and Europe and refurbishing some of its ... More

Visakha Utsav postponed
VISAKHAPATNAM: Visakha Utsav - scheduled to be held this month for four days from December 25 - has been postponed to January 8, according to a press release issued by the district administration. It is stated that the weather is ... More

ECONOMIC OFFENCES


Cash-for-questions scam — Implications for democracy and society
The time has come for both the classes and masses of the country to face up to, and do something about, a progressively deteriorating polity. More



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Sugar mills may delay fulfilling export obligation

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In Depth

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Looking back
Dec. 11-Dec. 17
BJP meet may focus on VAT revenue loss compensation and CST phase-out

India-China combine faces tough competition in Syrian oil stake bid

Left parties preparing plan to identify sources to fund NIF — To press for review of Govt sops to industrial units

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

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

Protests against sending French ship to Alang — Allowing the highly hazardous Clemenceau will 'harm workers'

Foreign flag vessels may bring down LNG import costs

On questionable questions

CMIE increases GDP growth forecast to 7.6%

Govt identifies more PSUs for divestment

Employers bullish about hiring: Survey

Passenger car sales down 2.31 pc in Nov

India tops US for 2nd spot in FDI destination rankings

Focus on sustaining higher economic growth

52 MoUs for mining, but none cleared

India keeping off Malaysian crude palm oil?

Indian `Band of Angels' keen to fund start-ups

Lok Sabha passes taxation laws Bill

Manufacturing sectors post `impressive' growth

Aiyar hints at deregulating natural gas prices

SAT orders compensation for DSQ Soft shareholders

IOC, ONGC block deal plan to help save on capital gains tax

8 defunct urea PSUs to be restarted: Paswan

`Himalayan quakes may occur sooner than expected'


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