INDUSTRY & ECONOMY
NON-CONVENTIONAL ENERGY
Oil firms float fresh tender for ethanol — To meet UP, Uttaranchal requirements
FOLLOWING allegations of the gasohol programme being given a quiet burial by the present United Progressive Alliance (UPA) Government, public sector oil marketing companies have invited fresh bids for purchase of 7.83 crore litres of ethanol ...
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ECONOMY
Montek favours cut in duty levels
THE Planning Commission Deputy Chairman, Dr Montek Singh Ahluwalia, today came out in favour of a general reduction in duty levels. "Our general duty levels must come down," he said at a special interactive session organised by ...
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AP Govt report on free power to farm sector soon
THE Andhra Pradesh Government, which convened an all-party meeting on Tuesday to discuss the existing free power supply to the agricultural sector, will be submitting its views to the State Electricity Regulatory Commission (APERC) shortly. The ...
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Karnataka plans district-level investors' meet
THE Karnataka Government is likely to conduct an investors' meet at the district level in the coming months. The Karnataka Industry Minister, Mr P.G.R. Sindhia, told reportershere on Monday that the Government would conduct an investors' meet ...
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ENVIRONMENT
Will we ever learn?
A report in the International Herald Tribune, quoting the head of Italy's National Geophysics Institute, said all the planet is vibrating and the quake had even disturbed the earth's rotation. Is this scientific rhetoric or fact? If it is fact , then it is a fearsome one.
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FOREIGN TRADE
Govt seeks list of items with inverted duty structures
THE Government on Tuesday assured domestic industry that it would look at correcting inverted duty structures, including those that have come about on account of the free trade agreements entered into with other countries. "You must give me a ...
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UAE keen to set up joint ventures with India
INDIA and the UAE are seriously looking at initiating major joint ventures in key areas such as energy and infrastructure and fruitful discussions were held to go beyond the buyer seller relationship and forge a strong economic partnership ...
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HEALTH
Bengal chalking out new health policy
"The Centre is expected to announce a major package for revival of the tea plantations in West Bengal and Assam soon."
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Indo-American CME-2004
THIRUVANANTHAPURAM: The Association of Kerala Medical Graduates in partnership with the American Association of Physicians of Indian Origin is conducting a conference of Indian and American medical practitioners in the city. Called ...
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PETROLEUM
ONGC to start drilling at Bokaro using own platform
HAVING failed to offer turnkey contracts for coal-bed methane (CBM) exploration, development and production, ONGC has decided to start exploratory drilling at Bokaro using its own drilling platform. It is zeroing in on the Jharia block to start ...
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PHARMACEUTICALS
Prognosis on the new patents regime
THE INDIAN pharmaceutical industry has done well in the recent past. But will the dream run continue come 2005? What are the challenges facing Indian pharmaceutical companies in the new patents ...
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POWER
Impact of tsunami in Kalpakkam — `Power generation in MAPS to begin in a week'
THE Madras Atomic Power Station's nuclear power generating facilities are safe, and the unit which was shutdown when the tsunami hit will restart in a week's time, the Secretary in the Department of Atomic Energy and Chairman, Atomic Energy ...
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TAXATION
Ministry clarifies on payment of service tax on goods transport agencies
THE Finance Ministry on Tuesday clarified that the apprehension among a section of traders that they would have to pay the service tax levied on goods transport agencies were misplaced. This clarification comes in response to reports that a ...
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ICAI seeks amendment to National Tax Tribunal Bill
THE Institute of Chartered Accountants of India (ICAI) has sought amendments to the National Tax Tribunal Bill 2004 to enable chartered accountants to present cases before the national tax tribunal (NTT) on behalf of the Central Government. In ...
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TEXTILES
Quota-free regime promises textile exporters less friction, more gains
AS the preponderant portion of the remaining restrictions in the global trade in textiles and clothing stands eliminated with the European Union (EU), the US, Canada and Turkey having served notifications to the effect to end the quota regime and ...
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Global textile retailers to witness decline in prices
COME January 1, 2005, global retailers of textiles may witness sharp price declines as prices of goods are expected to go down in the post quota regime. Over the next five years, prices are likely to fall by as much as 20-25 per cent mainly ...
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SSI
FAPCCI calls for ABC analysis of sick SSIs
THE Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) has called for an ABC analysis while taking up revival of sick small-scale units. Banks could closely monitor the financial status, clearly manifested through ...
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REAL ESTATE & CONSTRUCTION
Tsunami effect — Close-to-sea land prices may see temporary dip
REAL ESTATE developers foresee a temporary dip in land prices close to the sea front post the killer tsunami tidal wave that hit the coast of southern India on Sunday. Speaking to Business Line, Mr Suresh Krishnan, Managing Director, ...
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INDUSTRY ASSOCIATIONS
Onkar Kanwar takes over as FICCI President
THE FICCI has a new President in Mr Onkar S. Kanwar for 2004-05. Mr Kanwar took over from the outgoing President, Mr Y.K. Modi, at the conclusion of the 77th Annual Session of FICCI on Tuesday. Mr Kanwar is CMDof Apollo Tyres Ltd. A FICCI ...
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IPR
Govt looking at `holistic' legislation on data protection
CLOSE on the heels of promulgating an Ordinance to usher in a product patent regime, the Government is looking at the possibility of enacting a "holistic" piece of legislation on data protection. "Data protection is a very complex and large ...
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`Cancellation of trademark legally tenable due to non-use'
The burden of proof was on the applicant for rectification to show that the mark was wrongly registered or was wrongly remaining on the register.
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EVENTS
In Hyderabad today
EXPORTS & IMPORTS
Cashew industry set to achieve record exports this year
THE cashew industry is all set to break records in terms of import and export and processing capacity during 2004-05, according to Mr K. Prakash Rao, President of the Mangalore Cashew Manufacturers' Association (MCMA). According to a release on ...
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VENTURE CAPITAL
Venture capitalists and biotech sector — Discovering the potential
THE success of Biocon's initial public offering (IPO) was expected to kick-start the process of venture capital funding in the biotechnology sector. However, six months down the line, the sector, despite its immense ...
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NATURAL CALAMITIES
IA to operate 15 relief flights to Port Blair
INDIAN Airlines (IA) plans to operate 15 relief flights on Wednesday — seven from Chennai and eight from Kolkata — to Port Blair and back to rescue the large number of people stranded there. These flights will carry about 1,785 ...
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Killer-wave and the aftershock
"SOME of them are plain guilty to be alive, after seeing loved ones die virtually in front of their eyes," says Dr Mira Shiva of the Voluntary Health Association of India (VHAI), explaining the shock that victims of Sunday's killer-wave must be ...
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`Mangroves vital for mitigating impact of disasters'
"Mangroves help in reducing the devastation caused by cyclones and tidal waves."
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'Coconut plantations may have been affected by tsunami'
COCONUT plantations along the shorelines of Tamil Nadu, Andhra Pradesh and Kerala might have been affected by Sunday's tsunami attack, Ms Radha Singh, Secretary, Ministry of Agriculture, said on Tuesday.However, a proper assessment was yet to be ...
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Nabard package for AP's tsunami victims
THE National Bank for Agriculture and Rural Development (Nabard) has prepared a financial package to help the victims of the deadly tsunami in Andhra Pradesh and other affected regions of the country. It has also decided to monitor the ...
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Unicef supplies relief materials
THE United Nations Children's Fund - Unicef - has started supplying relief materials to those hit by Sunday's tsunami. Water tanks supplied by it have begun arriving in relief camps in some of the most severely affected areas of ...
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Container movement at Chennai hit
MOVEMENT of containers into and out of the Chennai port has been completely blocked even as slum dwellers, mainly from the fishermen community, affected by the tsunami have made temporary shelters for themselves on both sides of the road leading ...
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Corporates, PSUs pitch in to provide relief to tsunami victims
CORPORATES and public sector units are pitching in generously to provide relief to victims of the tsunami disaster. HUDCO on Tuesday announced that it has floated a special loan scheme for rehabilitation efforts in the States affected by the ...
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Jayalalithaa announces relief package
THOSE affected by Sunday's tsunami will get as immediate relief a set comprising a dhoti, a sari and two bedsheets; money to pulses and condiments and utensils and to put up temporary huts; 60 kg of rice; and three litres of kerosene. Besides, ...
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Banks in Kerala to extend loan repayment periods for victims
The committee has also decided to grant fresh loans, including consumption loans, on liberal terms and conditions.
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Kochi business community joins relief efforts
THE business community in Kochi has announced relief measures to those affected by the tsunami that lashed the coastal region in the district on Sunday. The members of the CII-Kerala have extended support to the relief operations by ...
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Mineral sand mining not cause for tsunami tragedy, says KMML
"We have our mineral separation plant close to the sea and it was not hit by the waves."
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Temporary visas for tsunami-hit tourists
THE Government is to issue temporary visa for tourists arriving in India from the areas worst affected by tsunami disaster. "We have interacted with the Ministry of Home Affairs and they have initiated measures for issuance of temporary visa for ...
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Infosys donates Rs 5 cr to PM's relief fund
BANGALORE: Infosys Technologies on Tuesday announced a contribution of Rs 5 crore to the Prime Minister's National Relief Fund to assist the victims of the tsunami that struck India on Sunday. ...
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`No damage to undersea cable link to Singapore'
THE Bharti Group on Tuesday said that its joint venture undersea cable link to Singapore has not suffered damage on account of Sunday's tsunami that devastated a large coastal swathe of South East and South Asia. "Everything is fine and there ...
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Ration time
Fishermen waiting in a queue at the fishing harbour in Visakhapatnam on Tuesday to receive rice rations as they have been advised to stay away from the turbulent sea. ...
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Nabard's special financial package for tsunami victims
THE National Bank for Agriculture and Rural Development (Nabard) has prepared a special financial package to provide relief to the people in the tsunami-affected regions of the country. Investment finance will be provided to fishermen for ...
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TCI Seaways to carry relief material
TCI Seaways Ltd, a division of Transport Corporation of India, has come forward to transport relief materials to tsunami-struck South-East Asia, peninsular India and the Andaman and Nicobar Islands. In a statement, the company said it was ...
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Tsunami spares Chennai box terminal
THE killer tidal wave that struck the Chennai coast has not caused any significant damage to the Chennai Container Terminal (CCT) at the Chennai Port, according to the CCT operator, P&O Ports Ltd. In a statement, the terminal operator reported .
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Contributions to THE HINDU Relief Fund
The following is the list of first donors who sent in their contributions to THE HINDU Relief Fund.  More
Escapes unhurt
Hyundai Motor India has started loading cars meant for export on to a car carrier — Golden Ray II — at the Chennai Port, which resumed normal operations after two days on Tuesday. The company will be sending about 400 cars mainly to ...
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TNCCI to extend support
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