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Friday, December 24, 2004

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INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES
`Judicial interpretations enlarged scope of personal liberty'
JUDICIAL reviews and interpretation of the Constitution over the years by the Supreme Court has enabled deducing certain Fundamental Rights that were not expressly guaranteed under the Constitution, legal expert and former Attorney-General of ... More

ECONOMY
Inflationary pressures likely to moderate in coming months: RBI
THE uptrend in overall prices is expected to moderate in the coming months with the easing of oil prices, improved rabi crop prospects and reduction in money supply, according to the Reserve Bank of India's report on currency and finance, ... More

Do away with non-merit subsidies, says report
IN what could be a pointer to the 2005-06 Union Budget, a report tabled by the Finance Minister, Mr P. Chidambaram, on the last day of Parliament's winter session has suggested dispensing with the current open-ended system of grain procurement ... More

GDP to grow at 6-6.5 pc, says RBI
GROWTH prospects of the Indian economy remain strong and the overall GDP growth for 2004-05 is expected to remain in the 6-6.5 per cent range, according to the Reserve Bank of India's (RBI) report on Currency and Finance 2003-04, released on ... More

ACCOUNTANCY
Chartered accountants' meet in Coimbatore
THE one-day national continuing professional education (CPE) conference for the chartered accountants being organised here on Friday will focus on updates on the accounting trends related to business process outsourcing, service tax, value-added ... More

Study outlines merger norms for CA firms
CHARTERED accountancy firms can soon look forward to adopting `mergers' as a tool for consolidation and render professional services of larger range spread over bigger geographical area. An ICAI study group on capacity building measures for CA ... More

HEALTH
Corporates urged to develop workplace policy on AIDS
INDIAN companies urgently need to develop a workplace policy on the HIV-AIDS menace, which is threatening to emerge as a "raging epidemic". Making a presentation at an interactive session on `Business & Society', organised by the Indo-American .. More

HOTELS
Taj opens resort at Kovalam
THE Taj group of hotels, in association with Kerala's Muthoot Pappachan group, has opened a beachside resort at Kovalam near Thiruvananthapuram. Called the Taj Green Cove Resort, the new hotel will be a key element of the Taj group's strategy ... More

PETROLEUM
Phase out LPG subsidy, give coupons to poor for buying kerosene: Report
SUBSIDY for domestic cooking gas should be phased out gradually or at least substantially reduced while a more cautious approach in the reduction of kerosene subsidies have been prescribed by the report on `Central Government Subsidies in India,' ... More

PHARMACEUTICALS
COUNTDOWN TO PATENTS REGIME - 2005
Domestic drug cos: Losing the price advantage
CANCER drugs are unaffordable and product patents will make it more so, fears 62-year-old Mr Y.K. Sapru, founder-chairman of Cancer Patients Aids Association. "When it comes to cancer, there is a story every day. Even affluent patients come ... More

SUGAR
Sugar branding: A not so sweet option?
BIG sugar companies find branding bitter. Bajaj Hindustan Ltd, the country's leading producer, believes that a strong future in sugar is linked to efficient commodity play. Not branded sugar sales. It is logic, quite against conventional ... More

TAXATION
CII welcomes VAT Bill
THE Confederation of Indian Industry (CII) (Northern Region) has welcomed the passage of the value added tax (VAT) legislation in the Delhi Assembly on Wednesday. In a statement, the Chairman of the Delhi State Council of CII (NR) and Managing ... More

TEXTILES
Will China's plan to levy tax on textile exports benefit India?
`Any levy that the Chinese impose on their exports would only enhance the competitiveness of Indian exports.' More

GOLD & SILVER
Spot gold may move sideways
SPOT gold prices are struggling to surpass key technical levels even as the Euro moved to new highs on the back of continued dollar weakness in thin trade muted by the holiday-shortened week. With the dollar struggling to press higher the ... More

Record delivery in MCX bullion futures
MULTI-COMMODITY Exchange's (MCX) December bullion contracts reported all-time high physical deliveries of 152 kg of gold worth Rs 10 crore and 12.7 tonnes of silver valued at Rs 13.7 crore. When the MCX gold contract entered into settlement ... More

INDUSTRY ASSOCIATIONS
Elected to FIEO board
MANGALORE: Mr Walter D'Souza, a Mangalore-based exporter, has been elected to the national board of the Federation of Indian Export Organisations (FIEO) under the Union Ministry of Commerce. A press release by the FIEO Karnataka chapter ... More

GENDER

  • Gulf employment: Women jobseekers warned

    RURAL DEVELOPMENT
    Nabard credit plan for Thiruvananthapuram
    THE National Bank for Agriculture and Rural Development (Nabard) has released the Potential Linked Credit Plan (PLP) for Thiruvananthapuram district for 2005-06. The PLP was released at a meeting of the district-level review committee held at ... More

  • Local bodies to be revamped in Kerala

    HUMAN RESOURCES
    Working conditions of Rly staff may affect train safety: Report
    EVEN as the recent train accident has once again heightened the realisation for urgent safety and security measures, a Parliamentary panel has apprehended that existing working condition of the operational staff would affect the safety in train ... More

    EVENTS
    ICFAI B-school cultural fest
    HYDERABAD: The ICFAI Business School has announced that it is organising the annual cultural festival, `Aakriti-2004' here on December 28. In a press release here on Thursday, the school said `Aakriti' has been a showcase of the talent ... More

  • Food Expo visitors

    SOCIETY & DEVELOPMENT
    PIO body to emulate the Chinese model
    THE Global Organisation of People of Indian Origin (Gopio) proposes to do in India what the Chinese expatriates have carried out in their homeland with resounding success. Speaking to reporters here, Dr Thomas Abraham, Chairman of the New ... More

    INCOME TAX
    Tax experts want scope of PAN extended
    DIRECT tax experts, welcoming the new system of PAN (Permanent Account Number) for checking tax evasion (it brings various financial transactions to tax), want the scope of quoting PAN in various documents expanded to all bank accounts, both old ... More

    EXPORTS & IMPORTS
    Deemed export benefit norms tightened
    THE Government has tightened the norms for availing of deemed export benefits. The Directorate-General of Foreign Trade (DGFT) has now amended exim procedures to stipulate that deemed export benefits would be available to the supplier of goods ... More

    BEARINGS, CASTINGS & FORGINGS
    AP: Panel to study ferro alloy units' plea
    A COMMITTEE, comprising two Cabinet Ministers and senior officials, would be set up to examine the Andhra Pradesh Ferro Alloys Producers Association (APFAPA) plea for reconsideration of the proposed hike in power tariff rates for ferro alloys ... More

    PEOPLE
    Chidambaram says Rao was the invisible hand that guided reforms
    THE Finance Minister, Mr P. Chidambaram, has expressed his deep grief on the death of former Prime Minister Mr P.V. Narasimha Rao. In his condolence message, the Finance Minister described Mr Rao as an astute political manager who, despite ... More

    `Architect of liberalisation'
    INDIAN industry has expressed sorrow at the death of former Prime Minister Mr P.V. Narasimha Rao, and has lauded him as an architect of the country's liberalisation process. Expressing grief at the demise of Mr Rao, Mr Sunil Kant Munjal, ... More




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