INDUSTRY & ECONOMY
SOAPS & DETERGENTS
Palm oil duty hike proposal upsets soap manufacturers
THE country's soap industry is rather upset with the latest proposal of the Food Ministry to raise the rate of customs duty on non-edible palm oil to 65 per cent, on par with crude palm oil of edible grade (CPO). Soap manufacturers believe ...
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ECONOMY
Rupee appreciation might benefit
THE management guru, Peter Drucker, is the latest in a long line of foreign investors (like Marc Faber and Mark Mobius), fund managers and investment banks to fall in love with India. He thinks the country will become an economic powerhouse ...
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EXCISE AND CUSTOMS
Duty exemption restored to trading units under EOU
TRADING units having valid letter of permission to continue under the export-oriented undertaking (EOU) scheme have cause for cheer. Such units can now import goods without paying customs duty, or purchase goods from the domestic tariff area ...
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POWER
APERC lays down norms to penalise erring State power utilities
ELECTRICITY consumers in Andhra Pradesh can claim compensation from the power utilities in the State if the licensees defaulted in complying with guaranteed standards of performance specified by the Andhra Pradesh Electricity Regulatory ...
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KPCL may hike tariff for Bellary station power
TARIFF from the Bellary Thermal Station, promoted by Karnataka Power Corporation Ltd, is expected to exceed the estimates, with the Centre turning down the State's demand for mega power status for projects with capacities of 500 MW. The KPCL ...
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EDUCATION
ILS to strengthen industry-varsity interaction
PLANS are afoot to set up a science incubator and science park, adjoining the proposed Institute of Life Sciences (ILS) in Hyderabad, according to the Vice-Chancellor of the University of Hyderabad, Dr Kota Harinarayana. The focus of these ...
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AUTOMOBILE COMPONENTS
Steel price rise puts brakes on auto component sector growth
THE domestic auto-component industry, which is emerging as a key global hub for auto components, has been badly hit by the rise in the steel prices, including the latest hike this month. "This is an industry that cannot re-negotiate long-term ...
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GOLD & SILVER
Silver utensils price tops Rs 10,000 a kg
SILVER utensils and jewellery price in the Mumbai bullion market touched Rs 10,000-level a kg on Tuesday, following a firm trend in London market coupled with limited but continued demand in the country, traders said. Silver rose by Rs 90 a kg ...
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READYMADE GARMENTS
Readymade garment exports up in Apr-Dec
EVEN as readymade garments (RMGs) constitute a considerable chunk of India's textile exports, RMGs exports to quota restricted countries registered a reasonably modest positive growth during the first three quarters of the current fiscal, ...
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DISINVESTMENT
Divestment panel wants Ennore Port privatisation put on hold — Moots IPO for Electronics Corporation
THE Disinvestment Commission has said that the time was not ripe for privatisation of Ennore Port Ltd (EPL), the first corporate major port in the country, and asked the Government to wait for at least three years till the port attained a ...
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WTO
India, Brazil, S. Africa to work beyond WTO issues
Mr Pant said that India was working towards a free trade pact with Brazil and South Africa in order to step up trade and investment through this trilateral co-operation, bringing synergies into fruition and taking advantages of complementarities and one another's core competence.
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SOCIAL WELFARE
Canara Bank gesture
LABOUR REFORMS
Cabinet to take up Unorganised Sector Workers' Bill today
THE Unorganised Sector Workers Bill 2003, aimed at providing social security cover to the approximately 37-crore workers engaged in the unorganised sector, will be taken up by the Union Cabinet for consideration on Wednesday. This was stated by ...
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TRADE & LABOUR UNIONS
Kerala: Transport strike total
EVENTS
Hyderabad engagements
EXPORTS & IMPORTS
Foodgrain stocks at 5-year low; exports likely to be hit
FOODGRAIN stocks in the central pool have dipped to 254.48 lakh tonnes (lt) as on December 1, a five-year-low for this date. It virtually signals the end of the party for export of grains from the country, more so in an election year when the ...
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Move to set up trade dispute redressal body with Bangla
THE Federation of Indian Export Organisations (FIEO), Eastern Region, in close collaboration with the Dhaka Chamber of Commerce and Industry (DCCI), is planning to create a joint Dispute Redressal System for addressing trade issues which affect ...
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TOURISM
Roadshows to boost India tourism in Gulf countries
BUOYED by a significant rise in overall tourist arrivals into India by 16 per cent in 2003 and an increase in tourists from the UAE compared with 2002, the India Tourism Office in Dubai has planned a series of promotional campaigns to maintain ...
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SASEC countries get ADB grant to promote tourism
THE Asian Development Bank (ADB) has sanctioned a $450,000 technical assistance grant to develop a tourism plan for four countries belonging to the South Asian Sub-regional Economic Cooperation (SASEC), says an official communiqué. The grant ...
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PEOPLE
Dr Varghese Mathew feted
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