INDUSTRY & ECONOMY
AWARDS & HONOURS
Award for Ranjana Kumar
HYDERABAD: Ms Ranjana Kumar, Chairperson of Nabard, is among six women selected for the Sadguru Gnanananda fifth national awards for `Excellence in social service" for the year. The other five awardees are Ms Gool Plumber of the Andhra ...
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BUDGET
Mini-Budget signals good intentions: S&P
GLOBAL rating agency Standard & Poor's (S&P) said on Wednesday that the mini-Budget indicates a greater determination to curb fiscal deterioration. The statement, however, cautioned that the mini-Budget must be seen in the context of the ...
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NDA violating Constitution, says Sonia
THE Congress Leader, Ms Sonia Gandhi, on Wednesday launched a frontal attack on the National Democratic Alliance (NDA) Government's Interim Budget for 2004-05, stating that most of the announcements of economic decisions made before February 3 ...
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Interim Budget — Feel-good factor is undercurrent
THE Interim Budget aimed at increasing "Gross National Contentment" provides enough fuel to keep the feel-good factor going. Enough emphasis was laid on the need to spend on and improve health (hospitals), education (colleges), poverty ...
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`BPO area left untouched'
``THE `feel good' factor has been reinforced with the confirmation of Gross Domestic Product growth of 7.5-8 per cent and inflation down to 4 per cent. A little disappointment with respect to business process outsourcing, where there seems to be ...
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ECONOMY
Farm sector growth no longer linked to foodgrains output
THE farm sector's growth fortunes are seemingly no longer linked to production of foodgrains, oilseeds, fibres and other `regular' field crops. Sample this. During 2002-03, the Agriculture Ministry has estimated foodgrain output to have plunged ...
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India must not follow US economic model: Sachs
INDIA must assert itself in international forums, including the World Trade Organisation, to ensure that the western world is forced to keep its promise of transferring technology and provide resources for environment protection, according to the ...
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`Public services must be provided cost-effectively'
IN order to make higher economic growth sustainable in India, some more adjustments might be made on the fiscal front through improving tax collections and providing public services in a cost-effective way as part of expenditure management, ...
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Turnaround in financial position, says TN Governor
THE Tamil Nadu Government has said that there has been a turnaround in the State's finances with major public utilities restored to financial viability. In his customary address to the Assembly today, the Governor, Mr P.S. Rammohan Rao, said ...
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`People's Report' flays AP Govt
THE Forum to Save Andhra Pradesh from World Bank, has released the first in the series of "People's Progress Reports", criticising the State Government for what it termed as `failure on all fronts.' The forum, formed by Dr P.V.R. Bhaskara Rao, ...
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FOREIGN TRADE
Cabinet okays signing of BIMST-EC pact
AS part of India's `Look East' policy, the Union Cabinet on Wednesday approved the signing of the framework agreement on BIMST-EC (Bangladesh, India, Myanmar, Sri Lanka, Thailand Economic Cooperation) Free Trade Area. "The agreement will ...
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Cent Am team pitches for investments, tie-ups
FOREIGN Ministers of six Central American nations on Tuesday wooed Indian entrepreneurs to make investments and new partnerships with their growing region. At a meeting organised here by the Confederation of Indian Industry, the Ministers said ...
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HEALTH
Meet on critical care services
MUMBAI: Critical care services still have a long road to walk in India, in terms of providing patients multi-discipline support or pre-hospital care to accident victims, point out representatives of the Indian Society of Critical Care ...
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PHARMACEUTICALS
Pharma majors to slug it out on the cricket field
FOR the two pharmaceutical companies that are already battling it out in the marketplace, the action now is moving on to the cricket field. Top honchos from the Delhi-based Ranbaxy Laboratories Ltd and the Hyderabad-based Dr Reddy's Ltd (DRL) ...
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PLASTICS
Bangalore Plastasia `will turn focus on South'
While Delhi and Mumbai have their own trade fair versions for this industry, Plastasia will make Bangalore its hub and centre on the southern industries once in three years.
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TAXATION
Service tax mop-up rises 68.19 pc in Apr-Dec
SERVICE tax mop up in the first nine months of the current fiscal surged by 68.19 per cent to touch a level of Rs 5,089.87 crore as against a level of Rs 3,026.24 crore mobilised in April-December of the previous year. Enthused by this ...
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`More clarity needed on BPO tax issue'
MR Narayana Murthy has called for more clarity on the Income-Tax Department's latest circular on taxation of BPO units operating in the country. The Central Board of Direct Taxes had issued the circular in the first week of January. "Whatever ...
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TEXTILES
Spinners' body condemns waste cotton price hike
THE Open End Spinning Mills Association (OSMA) has deplored over `the unprecedented' hike in prices of waste cotton, its key input for production of coarser yarn. The increase in the waste cotton prices and the resultant hike in the prices of ...
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RADIO/TV
BEL launches set-top boxes
The STBs were launched at the BES International Exhibition in New Delhi. The company said it was in dialogue with various MSOs and CAS vendors to commercialise the product in a big way. The STBs catering to cable and DTH TV segments will be ...
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Prasad urges Pak not to block Indian content
THE Information and Broadcasting (I&B) Minister, Mr Ravi Shankar Prasad, on Wednesday urged Pakistan not to block transmission of Indian content as this did not augur well with the ongoing confidence building measures between the two neighbours.
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BEVERAGES
JPC report upholds CSE findings
THE Joint Parliamentary Committee (JPC) report on pesticide residues and safety standards for soft drinks, fruit juice and other beverages, was tabled in Parliament on Wednesday. While upholding the Centre for Science & Environment (CSE)'s ...
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Cola cos defend their products
REPRESENTATIVES of both soft drink companies continued to defend the `safety' of their products. Said Mr Sunil Gupta, Vice-President, Coca-Cola India, "Our products manufactured in India are world-class and safe. We follow one quality system ...
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MEDICAL INSTITUTIONS & HOSPITALS
Plan for 6 new AIIMS: What's in it for us?
WHAT does the All India Institute of Medical Sciences (AIIMS) mean to the average person, particularly one outside Delhi? And why is the Union Finance Minister, Mr Jaswant Singh keen on replicating its model in other states? Consider this ...
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BIO-TECH & GENETICS
This century belongs to biology: Ambani
WITH biotechnology being touted as the next big industry, the first facility for education and research in biotechnology in rural India, the Vidya Pratishthan School of Biotechnology (VSBT) was inaugurated by Mr Mukesh Ambani, Chairman and ...
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GRANITE & MARBLE
Marble testing lab planned at Jaipur
THE United Nations Industrial Development Organisation (UNIDO) is assisting the Union Ministry of Mines and Geology and the Rajasthan Government to set up a laboratory for testing marbles in Jaipur, the Regional Director of UNIDO, Mr George B. ...
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SOCIAL WELFARE
Funds released for `Swadhar'
HYDERABAD: The Centre has released Rs 32.83 lakh for the `Swadhar' scheme, which is aimed at assisting the women and children in distress. The scheme envisages construction of a building at a cost of Rs 50 lakh that would house 200 ...
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EVENTS
ICAI told to allow free maraket regime
THE Infosys Chief Mentor, Mr N.R. Narayana Murthy, has advised the Institute of Chartered Accountants of India (ICAI) to guard against protectionist policies. He has also urged the institute to promote a free-market regime for its ...
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National meet on meteorology, oceanography
THE School of Naval Oceanography and Meteorology, Southern Naval Command, in association with the Department of Atmospheric Sciences of the Cochin University of Science and Technology, will be organising a national symposium on `Emerging Trends ...
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In Hyderabad today
INCOME TAX
Jaswant's promise on MF schemes' dividend tax waiver
THE Finance Minister, Mr Jaswant Singh, today promised to extend the exemption on dividend distribution tax payable by equity-oriented mutual funds schemes for yet another year beyond March 31, 2004. However, he added a caveat that would ...
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EXPORTS & IMPORTS
Sales to non-defence segment likely to touch Rs 944 cr
DEFENCE products have succeeded in making headway in both exports and non-defence segment, according to the Defence Minister, Mr George Fernandes. Inaugurating the Third Defexpo India 2004 here on Wednesday, the Minister said the country's ...
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Exports of coir products up
EXPORTS of coir and coir products during April-December of the current fiscal witnessed an uptrend with an increase of over Rs 36 crore, taking total exports to Rs 289 crore from Rs 252.14 crore during the same period last year. The shift ...
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UCO Bank reduces export credit rates
UCO Bank has reduced interest rates on export credit, covering both pre-shipment and post-shipment finance, from eight per cent to 6.5 per cent per annum for a period up to 90 days and to 7.25 per cent per annum for a period varying from 90 to ...
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TOURISM
Tourist centre inaugurated in Thiruvananthapuram
A `tourist facilitation centre' built by the District Tourism Promotion Council (DTPC) at Kallar in Thiruvananthapuram was inaugurated by the Tourism and Fisheries Minister, Mr K.V. Thomas, on Tuesday. The State's Food and Civil Supplies ...
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