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Friday, March 11, 2005

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INDUSTRY & ECONOMY

SOAPS & DETERGENTS


Asian soaps meet to discuss wide-ranging issues
THE Asian Conference on Soaps, Detergents and Cosmetics to be held for the first time in India has attracted wide attention. Organised by the Oil Technologists Association of India (Western Zone), the conference will bring together all players in ... More

INVESTMENTS


Money knows no gender
She has spent a lifetime immersed in the world of literature. But in 2003, noted Tamil writer Sivasankari realised that it was important to learn how to manage her funds better. She hasn't looked back. More

ENVIRONMENT


UK counts on India's support to create global awareness
CLIMATE change is at the top of the British Government's global agenda, and India's voice in developing the international consensus for unified action to create global awareness on this subject is being counted upon in a big way. The challenge ... More

EXCISE AND CUSTOMS


Customs dept files appeal for priority on recovery of dues
THE impasse between the lenders and the Government over the sell-off of the assets of Daewoo Motor India shows no sign of abating with the Customs department filing an appeal with the Debt Recovery Tribunal (DRT), Mumbai. The department has ... More

FOREIGN TRADE


IIFT told to make sector-specific study for Karnataka
KARNATAKA, with an eye on doubling its exports in four years, has commissioned a study to identify sectors, products and strategies that need special thrust in the WTO era. The Industries & Infrastructure Minister, Mr P.G.R. Sindhia, on ... More

HEALTH


Global Fund grants $18 m to fight AIDS, malaria
THE Global Fund to fight AIDS, TB and malaria has decided to grant $18.2 million to the Population Foundation of India to support patients who are on anti-retroviral (ARV) therapy. Speaking to newspersons, Mr Taufiqur Rahman, Fund Portfolio ... More

INFRASTRUCTURE


Minister urges funds for Nethravathi River dam
MANGALORE: The Dakshina Kannada district in-charge Minister, Mr Jabbar Khan Honnali, has urged the Government to allocate Rs 20 crore for the construction of a vented dam across Nethravathi River at Tumbe in the district. Addressing ... More

PSU


Karnataka: MMTC bags 4 gold medals for export performance
THE public sector MMTC Ltd has bagged four gold medals for the best export performance from Karnataka. A company release said here on Wednesday that the awards were given for the best performance for export of minerals and mineral-based ... More

PETROLEUM


Transport cost of NG/LNG — GAIL wants uniform price fixing method
GAIL (India) Ltd has said that it would prefer a uniform methodology based on international practices for fixing the transportation cost of natural gas and liquefied natural gas (NG/LNG). In a statement issued here on Thursday, the company ... More

PHARMACEUTICALS


Foreign nations lobbying PMO for favourable patents law
Heads of Latin American and African countries are appealing to the Indian Government to ensure that drugs are available and affordable. More

POWER


Heated debate in AP Assembly over hydel plant in Raichur
A committee of experts had been appointed to study the effect of the mini-hydel project over the irrigation interests of AP. More

Inquiry report on NHPC equipment supply contract soon
A THREE-MEMBER inquiry committee looking into the ongoing controversy surrounding the award of an equipment supply contract by National Hydroelectric Power Corporation to French company Alstom, instead of public sector BHEL, is expected to ... More

PFC, French co, UN eyeing rural electrification pie
THE Government's renewed push to rural electrification in the 2005-06 Budget has evoked considerable corporate interest, with players as varied as Electricite de France (EDF), Power Finance Corporation (PFC) and even the United Nations among ... More

Panchayat reps visit N-plants in Rajasthan
TWENTY-seven elected panchayat representatives from Tirunelveli district have set off to Rawatbhata near Kota in Rajasthan on a visit to the nuclear plants there to study and report on the development of villages around the plants. According to ... More

Power generation solutions
NEW DELHI: Bharat Heavy Electricals Ltd (BHEL) and Rural Electrification Corporation (REC) have entered into a memorandum of understanding to work jointly in offering solutions along with financial packages in the power generation sector, ... More

Power connections to AP ryots
HYDERABAD: The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, has asked the Transmission Corporation of AP (APTransco) to release 50,000 new agricultural power connections as approved by the State Government. Reviewing the ... More

TAXATION


Entities owe service tax in AP
THE Director-General of Service Taxes, Mr K.P. Singh, said that the Hyderabad-based ICFAI University, Hindustan Aeronautics Limited, S.S. Consultants, Vimta Labs and an unnamed public sector undertaking involved in mapping technologies had large ... More

Higher VAT exemption cap may mean lower Central compensation
STATES opting for a value-added tax (VAT) exemption limit beyond Rs 5 lakh may not get any additional compensation from the Centre on this ground for any possible revenue loss. Such States may have to absorb the additional losses, if any, ... More

`Raise exemption limit for service tax turnover'
THE Tamil Nadu Weights and Measures Manufacturers, Dealers and Repairers Association, here, while welcoming the exemption up to Rs 4 lakh on service turnover, has appealed for raising the limit to Rs 12 lakh. In a letter to Union Finance ... More

SSI


Intel seminar in Coimbatore
COIMBATORE: A seminar on how adoption of information technology will help small and medium enterprises (SMEs) to improve profitability is being organised by Intel in Coimbatore on Friday. The `Intel business advantage seminar' will ... More

EDUCATION


Mentoring session for IIM students
THIS weekend is going to be a testing time for the graduating batch at IIM Bangalore. With about 100 companies to choose from, many of them based outside the country, and various sectors, emotions such as pressure to perform and fear of failure ... More

COSMETICS


European cosmetic cos eyeing India
EUROPEAN cosmetic and wellness companies are scouting for distributors and joint venture partners to set up third-party manufacture and packaging in India, according to Mr Leon J.A. Van Keeken, Director, International Business, D&A Group, a ... More

GEMS & JEWELLERY


Jewellery design course in Mumbai
THE INTERNATIONAL Gemological Institute (I.G.I.) is offering an intensive and practical jewellery-designing course in Mumbai. The Jewellery Design Programme is scheduled to commence from April 4. The duration of the programme is three ... More

MEDICAL & SURGICAL EQUIPMENTS


GE Health launches hi-definition magnetic resonance system
GE Healthcare's engineering and scientific set-up in Bangalore has played a "significant" role in the development of the global healthcare equipment major's High Definition Magnetic Resonance (HDMR) system, the national launch of which has been ... More

MEDICAL INSTITUTIONS & HOSPITALS


With care and commitment
In its golden jubilee year, NIMHANS's Department of Psychiatry reaffirms its commitment to the ideals set by its founding fathers. More

INDUSTRY ASSOCIATIONS


FICCI urges relook at surcharge hike, fringe benefit tax
IN order to give the corporate India the much needed boost, the Federation of Indian Chambers of Commerce and Industry (FICCI) has urged for a re-look at the hike in surcharge on corporate tax, reduction in the depreciation rates, introduction of ... More

KCCI meet today
MANGALORE: The Deputy Governor of Reserve Bank of India, Mr V. Leeladhar, will address the members of the Kanara Chamber of Commerce and Industry (KCCI) in Mangalore at 6 p.m. on Friday. A KCCI release said here that Mr Leeladhar will ... More

FOREIGN DIRECT INVESTMENT


Proposal to restrict FDI in ISPs to 74 pc under study — Sify's ADR application put on hold
The proposal to restrict FDI is in line with the Government's policy to level the field for all telecom services providers. More

`FDI to touch $8 b in 2004-05'
FOREIGN direct investment (FDI) flows into the country during the 2004-05 fiscal are estimated to be in the range of $7.5-8 billion, a top Government official said on Thursday. "FDI for the current year is estimated to be somewhere between ... More

`More straight-forward, cost-effective policy vital to woo FDI'
LAST July, the United Progressive Alliance Government announced the setting up of an Investment Commission with a mandate to woo domestic and foreign investors, and named Mr Rata Tata as its head. Though the commission is reported to have ... More

WTO


Commonwealth forum can be effective in WTO issues: Kamal Nath
INDIA has sought to open a new window of cooperation on World Trade Organization (WTO) issues with the Commonwealth forum, stating that greater interaction on this front could speed the process of the Doha Development Agenda. "One advantage of ... More

SOCIAL WELFARE


Kerala Govt aid to farmers' kin
THIRUVANANTHAPURAM: The State Government has sanctioned financial assistance to the families of 179 farmers who had committed suicide because of their inability to repay agricultural debts. An amount of Rs 50,000 will be paid to each ... More

RURAL DEVELOPMENT


Microcredit lending to SHGs touches Rs 150 crore
MICROCREDIT Foundation of India's (MFI) disbursements to self-help groups have touched the Rs 150-crore mark in one year, the Foundation's Chairman, Dr K.M. Thiagarajan, told a press conference here on Thursday. The non-profit organisation ... More

EXPORTS & IMPORTS


Ministry exploring alternatives to DEPB scheme
THE Commerce Ministry expects to get inputs by the end of March for its proposal for an equally exporter-friendly `successor instrument' to the DEPB scheme. The Ministry has been exploring a new, WTO-compliant tool of remission that will take ... More

Rubber imports double in Q3; exports decline
IMPORTS of natural rubber during the September-December 2004 quarter more than doubled over the corresponding period of previous fiscal, according to the latest data by the Rubber Board. Rubber imports in the third quarter stood at 10,127 ... More

ALTERNATIVE MEDICINES


Arya Vaidya Pharmacy plans expansion in Coimbatore
THE Arya Vaidya Pharmacy (Coimbatore) Ltd (AVP), the flagship company of the AVP group, is scaling up capacity to accommodate more patients. The Ayurvedic trust, which runs the 120-bed hospital, acquired a building next to its premises. This ... More

TOURISM


`Inland waterways in Kerala hold immense tourism potential'
INLAND waterways in the State offer a unique opportunity for the development of tourism apart from its navigational importance and potential for fisheries, according to Mr T. Elangovan, Director, National Transportation Planning and Research ... More


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Top Stories
Smaller towns to fuel retail boom


Glenmark Laboratories merges operations with Tasc Pharma

PFC, French co, UN eyeing rural electrification pie

Rains, hailstorm ring alarm for wheat crop

Higher VAT exemption cap may mean lower Central compensation

Mid-caps, small-caps continue to thrive

In Focus

BHEL Disinvestment
The Yuan Revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Feb. 27-Mar. 5
Fringe benefit still gives drug industry the chill

Software exports from TN to touch Rs 10,000 cr

The logic of tax on fringe benefits, savings

TN zone export units' turnover to cross Rs 5,000 cr

TN trade, industry bodies want quick shift to VAT

Service tax exemption on forex payments to go

Coal stock position `super critical' at 8 thermal stations

Exporters not enthused by Budget plans

Partnership firms will have to file I-T returns

`In the right direction for hardware sector'

Fringe tax to bite deeper into smaller IT cos

Experts seek rollback of cash withdrawal tax

Law soon to allow banks to issue pref shares

Centre's market borrowings may rise 68 pc next fiscal

A recast of personal taxation

Corporate income-tax — A mix of lower tax shelters & rates

Real estate sector cries foul

Tax savings: Choices galore

Sharp fall in LPG demand upsets refiners' plans

Gold retail investment demand remains strong

Cotton yarn exports begin to dip as made-ups make headway

UP, Bihar get 30 pc of tax devolutions

Drug cos hope to cash in on anti-tobacco drives


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