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Monday, April 04, 2005

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INDUSTRY & ECONOMY

EMPLOYMENT


Unemployment rate up at 9.1 pc — Fewer jobs in organised sector
THE Planning Commission has estimated that the unemployment rate for the economy as a whole has shot up significantly in the last two years — up from 8.87 per cent in 2001-02 to 9.11 per cent in 2004-05. An even more disturbing picture that ... More

CLIMATE & WEATHER


Network to monitor Indian Ocean
Nine deep ocean moorings (of instruments) are already in place courtesy investments by the US, Japan and India. More

NRIS


Kerala: Pay attestation fee in cash
THIRUVANANTHAPURAM: The fee for attestation of certificates of job aspirants abroad in the three regional centres set up by the Department of Non-Resident Keralites Welfare (Norka) will henceforth be accepted in cash. An official ... More

ECONOMY


`Satisfactory growth by manufacturing sector'
THE domestic manufacturing sector reported satisfactory growth with 34 sectors recording "excellent growth rate of over 20 per cent" out of 134 sectors reporting production. According to the ASCON survey carried out by the Associations Council ... More

Economic Census in Kerala
THIRUVANANTHAPURAM: The Fifth Economic Census is slated to get under way in the State from the first week of May. A meeting of officials chaired by the Chief Secretary, Mr Palat Mohandas, was held here on Friday to work out its details. ... More

FOREIGN TRADE


Govt reconstitutes Board of Trade
THE Government has reconstituted the Board of Trade with effect from April 1, 2005 with a view to boosting exports and ensure a continuous dialogue with trade and industry. The Board of Trade would advise the Government on policy measures ... More

Foreign Trade Policy on April 8
NEW DELHI: The Union Government is scheduled to announce the Annual Supplement to the Foreign Trade Policy here on .April 8. Extensive consultations have been held with the trade and industry, including export promotion councils, chambers ... More

Indo-German trade meet begins today
THE 15th session of the Indo-German Joint Commission on Industrial and Economic Cooperation will begin here on Monday. The Union Finance Minister, Mr P. Chidambaram, will lead the Indian delegation at the two-day meet. The German Federal ... More

INFRASTRUCTURE


`Priority for infrastructure development'
THE Deputy Chief Minister, Mr Siddaramaiah, has said that the State Government has sanctioned Rs 10 crore for the conversion of Hassan-Mangalore railway line into a broad-gauge one. The Government will sanction another Rs 7 crore in the current ... More

Urban mission will make cities engines of growth: Azad
THE Union Government is to set up a National Urban Renewal Mission aimed at guiding and providing focussed attention on urban infrastructure, Mr Ghulam Nabi Azad, Union Minister for Urban Development and Parliamentary Affairs, has said. ... More

PSU


KMML registers record production of titanium
THE State-owned Kerala Minerals and Metals Ltd (KMML), a manufacturer of rutile grade titanium dioxide pigment in the country, has achieved record production of 30,662 tonnes in 2004-05. The company also posted its highest ever sales of 32,153 ... More

PETROLEUM


Roll back price hike, AP Govt tells oil cos
TAKING serious objection to the recent hike in petroleum prices by the oil companies in Andhra Pradesh in the guise of the VAT Act 2005, the State Government has asked them to immediately roll back the prices. Addressing newspersons here on ... More

`Look for less energy dependent patterns for growth'
WHILE reorganising its hydrocarbon sector, India needs to look for less energy dependent patterns of economic development, Dr Pierre Terzian, Director, Petrostrategies, said. In his presentation on `Oil Market Perspectives and India' at the ... More

PHARMACEUTICALS


Pharmexcil appointed sole agency for issue of RCMC
THE Director-General of Foreign Trade (DGFT) has designated the Pharmaceutical Export Promotion Council (Pharmexcil) as the sole agency for issuing registration-cum-membership certificate (RCMC) to exporters of drugs and ... More

POWER


Thermal plants' coal shortage worsening
MOST coal-based power plants in the country are forced to default on the basic norm of maintaining a 30-day reserve of coal stocks. And for no fault of theirs. Smarting under a severe coal shortage, many of them have stocks only to last for ... More

OERC cancels AES Corp's power distribution licence
THE Orissa Electricity Regulatory Commission (OERC) today formally revoked the licence of AES Corporation for power distribution in the State. In its earlier order passed on February 26, OERC had said that it would revoke the licence of AES if ... More

TAXATION


State Govts must be authorised to collect service tax: Siddaramaiah
THE Karnataka Deputy Chief Minister and Finance Minister, Mr Siddaramaiah, has said that State Governments should be given the authority to collect service tax. Addressing the members of the Kanara Chamber of Commerce and Industry (KCCI), he ... More

Delhi VAT department rejects trade plea
TRADE and industry's demand that no time limit must be fixed for obtaining input tax credit on all tax paid opening stock has been rejected by the Delhi Value Added Tax (VAT) department. Input tax credit is the credit for tax paid on inputs. A ... More

SSI


BHEL arms investing Rs 100 cr on expansion in Tiruchi
BHEL ancillaries find the going so good that they are investing some Rs 100 crore in expansion. Many units have started investing in acquiring capabilities to handle more jobs while others have plans to do so. Officials of BHEL Small Scale ... More

COAL


Coal India seeks details on usage of coal from NCCF
"We have serious reasons to believe that a large chunk of the coal lifted by NCCF from Eastern Coalfield Ltd is not reaching the deserving consumers and is actually landing up in the open market." More

EDUCATION


Key to effective management `is insightful leadership'
THE Deputy Chief Executive Officer of HSBC, Ms Naina Lal Kidwai, has urged the management students to take risks and take lessons from experiences of failure that they might encounter in the course of their careers. Delivering the convocation ... More

Raghuram Rajan asks IIMA grads to listen to inner voice
ON Saturday, when the International Monetary Fund's Chief Economist, Dr Raghuram Rajan, became the youngest chief guest and the first alumnus to come back to the convocation of the prestigious Indian Institute of Management, Ahmedabad, he donned ... More

NEWSPAPERS & PUBLISHING


What's the good word?
Publishing houses and content developers worldwide are taking a leaf from the book of outsourcing - and sending work to Indian shores. More

SOCIAL WELFARE


AP signs pact on emergency services
HYDERABAD: A memorandum of understanding (MoU) has been signed between the Andhra Pradesh Government and the governing body of Emergency Management and Response Institute (EMRI) to help people access emergency services with a phone ... More

HUMAN RESOURCES


Drug cos pull up socks to stay in race
SHAPE up or ship out is the writing on the wall for drug companies in the country, as their operations become more global and competition hots up at home. And to stay in the race, the companies are injecting a sense of urgency into their HR ... More

Kerala sets up panel for amendments to Act
THIRUVANANTHAPURAM: The Assembly Committee on Subordinate Legislation has recommended amendments to some of the provisions of the Kerala Loading and Unloading (Regulation of Wages and Restriction of Unlawful Practices) Act, 2002 and the ... More

INDUSTRIAL POLICY


CII hails new AP industrial policy
THE Confederation of Indian Industry (CII) has welcomed the new Industrial Policy 2005-2010 announced by the Andhra Pradesh Government. In a press release here, the CII AP Chairman, Mr Ramesh Datla, said that the policy was proactive and a ... More

EVENTS


  • Agenda for the week

    ENTERTAINMENT & LEISURE


    Sathyam mulls another multiplex
    SATHYAM Cinemas, a leading multiplex here that recently signed up with IMAX Corporation of the US for two IMAX MPX theatre systems, is examining the possibility of putting up another multiplex in the city. It also hopes to shortly finalise the ... More

    EXPORTS & IMPORTS


    Chilli exports touch all-time high
    A GOOD chilli crop last year and a consequent availability of large exportable surplus in the country when the crop in other major producing countries declined, have resulted in a boom for chilli exports touching an all-time high of an estimated ... More

    Coimbatore exporters rue lack of shipping links
    Exporters have to transport their goods to Singapore or Colombo ports, where the `mother vessels' are anchored, for onward shipment to destinations in Europe or the US. More

    Vizag SEZ achieves Rs 585-cr turnover
    THE Visakhapatnam Special Economic Zone (VSEZ) achieved an export turnover of Rs 585 crore during 2004-2005 against a target of Rs 540 crore, according to Mr P. Ramesh Kumar, the Development Commissioner. At a press meet here on Saturday, he ... More

    ECONOMIC OFFENCES


    Mind that `white' wash
    In the IT age, money goes on the line in a maze of electronic transfers, leaving no trail that can be traced to the money launderers. More


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    In Depth

    Gender Justice
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    Looking back
    Mar. 27-Apr. 2
    Pharma cos bet big on supplements

    Govt yet to finalise new subsidy methodology — Fertiliser industry unable to tie up phosphoric acid supplies

    72-hr trade bandh called in Bengal from tomorrow

    Shipping industry in a tizzy over service tax

    Coal India-NLC combine plans large thermal power projects

    China January textile, clothing exports to US up 65 pc in value

    Vivek Oberoi returns `inappropriate' award

    Arcelor forges ahead on new steel capacity in India — Move follows output cut in Europe by 1 mt

    Used market expected to outpace new car market

    Cashew exports set to cross Rs 2,600 cr

    Shareholders angry over BPCL-Kochi Refineries merger swap ratio

    External debt rises to $120.9 b

    Business community prepared to accept VAT: Assocham

    Rubber imports may come down under VAT regime


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