INDUSTRY & ECONOMY
ENVIRONMENT
Eco forum opposes Rao's cremation venue
EVEN as the State machinery gears up for the funeral of former Prime Minister P.V. Narasimha Rao on Saturday, environmental activists have raised questions on the proposed site for funeral and memorial. Citing a High Court judgment against the ...
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INFRASTRUCTURE
`Long-term strategy must for infrastructure projects'
THE two-hour-long panel discussion on `Infrastructure and the city: Focus on Bangalore' organised by Infosys and CNBC TV18 provided a platform for introspection and a consensus on the need to reform the governing process that should give ...
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PHARMACEUTICALS
Trade margin cut will hurt SSI: IDMA
THE Indian Drug Manufacturers Association (IDMA) has said that the reduction in trade margins, as suggested by the Government, would affect the small-scale industry (SSI). SSIs follow the trade route and not the ethical route to promote their ...
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TAXATION
White paper on VAT by mid Jan
THE white paper prepared by the Empowered Committee of State Finance Ministers, carrying the basic framework of value-added tax to be implemented across the country from April 1, 2005, is expected to be released by mid-January 2005 among various ...
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PHDCCI calls for consistent tax policy
THE PHD Chamber of Commerce and Industry (PHDCCI) has stressed the need for consistency in the taxation policy.It has also made a case for bringing in stability in tax rates on both the direct and indirect tax front. The chamber has held that a ...
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TEXTILES
Textile exporters look forward to a bright '05
FOR the Indian textiles sector, 2004 was a year for gearing up to face the challenge of free global trade in textiles, following the unshackling of the four decade-old quota regime. With Indian suppliers widely predicted to increase their market ...
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PERSONAL PRODUCTS
THE YEAR THAT WAS
Price cuts fail to enthuse shampoo market
THIS year has failed to produce much lather for the shampoo industry. Analysts estimate a healthy volume growth of anywhere between 10 and 15 per cent but this has largely been the result of deep price cuts effected by market leaders. However, ...
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EDUCATION
Aussie school prospectus from SBI
BANGALORE: Australian School, Delhi, has struck an alliance with State Bank of India for distribution of its prospectus through the 52 branches of the bank in the country. Students all over India seeking admission to Australian School, ...
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AIR-CONDITIONERS & REFRIGERATORS
LG targets corporate segment to bolster room AC sales
LG Electronics has identified the corporate segment as an assured channel to bolster sales of its room air-conditioner (RAC) division. This strategy will rope in the telecom sector next year. The company has tied up with Nokia, Alcatel, HFCL as ...
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GEMS & JEWELLERY
Gems and jewellery exports — How much of the glitter is gold?
ACCORDING to the `Sparkle of Success', an online brochure of The Gem and Jewellery Export Promotion Council (GJEPC), total exports of gems and jewellery from India increased from $2.9 billion (around Rs 12,706 crore) in 1991-92 to $9.1 billion ...
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IGI diamond lab to service exporters
INTERNATIONAL Gemmological Institute (IGI), the largest independent gem certification institute in the world, has recently set up its second modern laboratory at SEEPZ, Mumbai, to exclusively service exports through network grading. "Network ...
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REAL ESTATE & CONSTRUCTION
Hyderabad witnessing realty boom
In addition to the key demand drivers like IT and ITES, biotechnology and pharmaceuticals have started evincing greater interest in the city.
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SCIENCE & TECHNOLOGY
World Bank to study impact of industrial technology project
THE World Bank will soon launch a study to assess the impact of its $200-million Industrial Technology Development Project (ITDP) in India, and also evolve a framework for increasing the future funding of science & technology and education ...
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PAINTS
Paint manufacturers seek relook at proposed VAT
THE Indian Paints Association (IPA), while welcoming the introduction of VAT, believes that there are certain limitations in this tax as envisaged by the preliminary draft, which could adversely affect the sector, particularly the SSI segment. ...
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DISINVESTMENT
ONGC issue selected for Asset Asian Awards
DISINVESTMENT of 10 per cent equity in ONGC by the Government has been selected as the `best privatisation deal' for the Asset Asian Awards 2004 by The Asset, a finance magazine published from Hong Kong, according to an ONGC release. The ...
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FOREIGN DIRECT INVESTMENT
`Reduce rules, corruption for easy FDI inflows'
DR Tushar Poddar, an economist with International Monetary Fund, has suggested to the policy makers in India to minimise regulations and the level of corruption for ensuring easy inflow of foreign direct investment in the country. In addition to ...
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IPR
Concern rises within Govt over default on patents deadline — Country's credibility at stake'
WITH only a few days to go for the patents deadline to lapse, the Government has expressed serious apprehensions on the fallout of any default in its commitment to introduce a product patent regime by January 1, 2005. The Ministry of Commerce ...
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Cabinet defers decision on Patents Bill
THE Cabinet today deferred a decision on the crucial Patents (Third Amendment) Bill, which would have paved the way for having in place a product patent regime by January 1. It discussed various options, including the implications of not ...
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INCOME TAX
I-T dept allays PAN fears
NOT quoting the PAN (permanent account number) on challans or its incorrect capture by banks, will not result in their tax payment transactions going into suspense account. Allaying the fears of tax payers, the Chief Commissioner of Income ...
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ALTERNATIVE MEDICINES
To guard against misappropriation — Govt intensifies efforts to digitise traditional knowledge base
THE Government may have left the Patents Amendment Bill hanging, but intensive efforts are on within the country to protect its very own traditional knowledge base from being misappropriated and patented abroad. The National Institute of ...
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TOURISM
Tourism meet in Thiruvananthapuram
THIRUVANANTHAPURAM: The Department of Commerce, University of Kerala, in association with the Alumni Association of the department is organising a two-day international conference on tourism in the city from Monday. Subjects such as new ...
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