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Tuesday, January 24, 2006
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INDUSTRY & ECONOMY

NRIS


Kerala Chamber to host Gulf investors meet in March
THE Kerala Chamber of Commerce and Industry, in association with the Indigo Ocean of South Korea, is organising a Gulf Investors Meet in Kochi in March to attract investments to the State. The meet to be conducted on the model of B2B will ... More

ECONOMY


Power reforms to be thrust area: PM
CONTINUING its thrust on infrastructure development, the United Progressive Alliance Government will soon shift its focus to accelerating power sector reforms, the Prime Minister, Dr Manmohan Singh, said here on Monday. Stating that the road ... More

Inflation outlook uncertain on rising oil prices: RBI
AS global crude oil price increases are here to stay the outlook for inflation remains uncertain, said the Reserve Bank of India in its Macroeconomic and Monetary Developments for the third quarter. In India, inflation and inflationary ... More

HEALTH


Opening eyes and mindsets
DESPITE going into remote rural areas and promising to pick up and drop back people who need cataract surgeries, only a fraction of those identified for surgery actually come, says Dr Sandeep M. Dole of Narayangaon-based Mohan Thuse Netra ... More

Special pharmacy for HIV infected in Pune
`ONE stop shop' pharmacy for HIV/AIDS infected people, the first of its kind in the country, was inaugurated in Pune on Monday. TAAL, a concept of providing care and support to people living with HIV/AIDS, has been conceptualised by Emcure ... More

INFRASTRUCTURE


RITES to prepare blueprint for rail, road infrastructure for Paradip port
The need for a master plan for rail-cum-road infrastructure for Paradip port has arisen because of the poor level of connectivity to the port town even as the prospects of economic activity picking up in the region are bright. More

`Oil boom in the Gulf will throw up $1 tr surplus capital'
THE oil boom in the Arab countries will lead to the generation of $1 trillion investible surplus capital (both private and public) in the region, and a massive capital investment programme was expected to be laid out in areas such as oil and gas ... More

PETROLEUM


IOC's Paradip-Haldia pipeline commissioning may be delayed
THE commissioning of Indian Oil Corporation's Rs 1,178-crore Paradip-Haldia crude pipeline inclusive of single buoy mooring and storage facility at Paradip may be delayed. The project was scheduled to be commissioned by March 2006. "The ... More

Visakha box terminal throughput reaches 1,00,000 TEUs
THE throughput of the Visakha Container Terminal (VCT), the latest container terminal of the Visakhapatnam port, reached a record level of 1,00,000 TEUs on January 21. This was when the vessel, mv Lal Bahadur Shastri, belonging to the ... More

ONGC set to start deepwater projects in K-G basin by June
ONGC is expecting its G-1 and GS-15 deepwater field in the Krishna-Godavari basin to start production by June. The initial production will be one million standard cubic metre per day (mmscmd) of natural gas to be enhanced to two mmscmd in 2007. ... More

POWER


Russia keen to supply nuclear plants to India
RUSSIAN companies are not only keen on supplying more nuclear power plants to India, but are also "confident" of being allowed to do so in course of time, Mr S. K. Jain, Chairman and Managing Director, Nuclear Power Corporation of India Ltd, told ... More

TAXATION


US-India tax practitioners seek alternate dispute resolution
THE buoyant Indo-US trade and economic exchanges have nudged tax practitioners from both the countries to look into the possibility of asking the Indian Government to evolve an alternate dispute resolution (ADR) mechanism for income-tax ... More

BREWERIES


TN Govt urged to revoke ban on toddy tapping
THE Federation of Tamilnadu Agriculturist Associations has urged the State Government to revoke the ban on toddy tapping and permit the Palmyra farmers to market toddy. According to the Federation's Secretary, Mr C. Nallasami and State ... More

RADIO/TV


TN Govt committed to taking over cable TV MSOs: Jayalalithaa
THE Tamil Nadu Government is committed to legislate the Bill to take over large cable television networks, the multi-system operators, for public good, said the Chief Minister, Ms J. Jayalalithaa, in the Assembly on Monday. Spelling out the ... More

REAL ESTATE & CONSTRUCTION


Dr Fixit Institute, US body tie up
CHEMICALS and adhesives company Pidilite Industries Ltd-promoted Dr Fixit Institute announced its tie up with National Roofing Contractors' Association (NRCA), USA as its training partner. Dr Fixit Institute was set up as a non-profit body to ... More

`Realtors may have to focus on non-metros'
GROWTH for the real estate industry in the coming years would be in non-metros, as the growth in these regions would be increasingly driven by knowledge-based industries, said Mr K.V. Kamath, Managing Director and CEO, ICICI Bank, while ... More

Architectural outsourcing - drawing a new design
ASK an architect fresher what he or she is earning, and he or she will mumble something about `growth prospects' and `initial period', because the field, they say, is a slow starter in terms of salaries. However, today freshers have the option of ... More

TEXTILE MACHINERY


Easier textile gear import norms likely
THE Government is planning to liberalise import of textile machinery and encourage joint ventures for domestic manufacturing to meet the shortfall. "The domestic textile machinery manufacturers cannot meet the demand of the sector. We are ... More

FOREIGN DIRECT INVESTMENT


`Power, roads good investment sectors for Japan in India'
THE electricity and road sectors hold vast investment potential for Japan, said Dr Ajay Dua, Secretary, Department of Industry Policy and Promotion, on Monday. Dr Dua was inaugurating the 33rd joint meeting of the India-Japan Business ... More

HUMAN RESOURCES


Amex's security product targets frequent travellers
CORPORATE India can soon breathe easy on its concern about the security and safety of its frequent traveller employees, against the backdrop of increasing terror attacks and political strife in various parts of the world. Travel services ... More

EVENTS


2-day ICAI seminar in Mangalore from Jan 27
THE Mangalore branch of the Institute of Chartered Accountants of India (ICAI), in association with St Aloysius College here, will conduct a two-day national seminar on `Accounting practices: An interactive dialogue with professionals,' from ... More

`Efficiency in usage, R&D vital for energy independence'
THE Planning Commission member overseeing the energy sector, Mr Kirit S. Parikh, said the country's quest for energy independence rests on four major issues - imparting efficiency in energy use, inducing competition for conservation, ... More

ENTREPRENEURSHIP


DST ties up with UNDP for entrepreneurial development scheme
THE National Science & Technology Entrepreneurship Development Board (NSTEDB) of the Department of Science & Technology has tied up with United Nations Development Programme (UNDP) to implement a capacity-building model initiative called SKI More

EXPORTS & IMPORTS


Hotel, travel, tourism sectors — Govt plugs loophole in car imports under EPCG scheme
THE Government has tightened the import regime for motor cars, sports utility vehicles (SUVs) and all-purpose vehicles under the export promotion capital goods (EPCG) scheme by hotels, travel and tourism and golf tourism sectors. The move ... More

FICCI calls for fast-track dispute resolution mechanism
TO make the business environment conducive for exporters, FICCI has urged the Finance and Commerce Ministries to take urgent steps to resolve disputes by establishing a fast track dispute resolution mechanism. Further, a tax ombudsman scheme ... More

Exporters to meet PM on grievances
THE Prime Minister, Dr Manmohan Singh, is meeting exporters to ascertain their ground-level grievances even as the country's exports performed well during the first three quarters of the current fiscal clocking a growth of 18.03 per cent in ... More

TOURISM


Kerala Tourism's new `monsoon campaign'
TRADITIONALLY, the advent of the monsoon has meant a sharp fall in the number of tourists visiting Kerala. However, Kerala Tourism is now working on a new `monsoon campaign' to attract visitors to the State during the rainy season. Over the ... More

PEOPLE


New chief for ICSI Hyderabad chapter
HYDERABAD: The Hyderabad chapter of Institute of Company Secretaries of India (ICSI) has announced that Mr V. Ahalada Rao has been elected its Chairman for the year 2006. In a press release here, the chapter said Mr G. Raghu Babu has ... More



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IMD funds from Gulf may move into mutual funds

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Rising domestic prices curb cotton exports

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