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Friday, April 08, 2005

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INDUSTRY & ECONOMY

EMPLOYMENT


Work environment
The environment sector promises exciting, and even high-paying jobs ranging from Green laws to eco-friendly engineering and energy auditing among others. More

CLIMATE & WEATHER


Wet weather attributed to real-time `troughs'
SKIES in the southern parts of the peninsula are witnessing the interplay of three "troughs of low pressure" arranged in pleats from east to the west, bringing welcome wet weather to some sun-scarred geographies. The strange configuration has ... More

ECONOMY


PM sets up 10-member GoM on investments
THE Prime Minister, Dr Manmohan Singh, has set up a 10-member Group of Ministers (GoM) headed by the Finance Minister, Mr P. Chidambaram, for an alternative decision making process on investments, particularly public investments. Highly-placed ... More

AP Annual Plan outlay fixed at Rs 15,650 cr
THE annual Plan outlay for Andhra Pradesh for the year 2005-06 has been pegged at Rs 15,650.77 crore. This was finalised here on Thursday at a meeting between the Deputy Chairman of the Planning Commission, Mr Montek Singh Ahluwalia, and the ... More

AP CM woos Gujarat industrialists
THE Chief Minister, Dr Y. S. Rajasekhara Reddy, has appealed to industrialists from Gujarat to invest in the State. "It is estimated that the Krishna-Godavari basin would yield 100 million standard cubic metres a day by 2007-08," the Chief ... More

ENVIRONMENT


Greenpeace to oppose plan for ship-breaking yard at Kakinada
THE Government proposal to allow a ship-breaking yard at Kakinada has come in for sharp criticism from environmentalist groups led by Greenpeace. While moving the High Court is an option for them, the activists are wondering why the Government ... More

FOREIGN TRADE


Exporters hope foreign trade policy will put an end to `harassment'
Exporters hope that the government would recast the extant DEPB scheme to retain its basic thrust of neutralising cumulative indirect taxes while promoting exports. More

Roadshows in US to showcase India's export potential
IN order to boost Indo-US trade relations, the Confederation of Indian Industry (CII), in partnership with the Ministry of Commerce and Industry's Department of Industrial Policy and Promotion (DIPP), and India Brand Equity Foundation, will ... More

HEALTH


24x7 healthcare support centre in Hyderabad
INSPIRED by the popular Hindi movie Munnabhai MBBS, Dr Shantan Reddy has started a 24x7 healthcare support centre. Using a variety of communication options such as the Web, call centre and mobile phones, Doctor Munnabhai 24x7 offers its ... More

INFRASTRUCTURE


Japanese loan for Bangalore's water, sewerage facilities
KARNATAKA, which is one of the States to benefit from a soft loan from the Japanese Government, hopes to use the assistance for providing a stable drinking water supply and sewerage facilities in Bangalore. The State will be getting more than ... More

PETROLEUM


IOC, Saudi Aramco plan merchant storage oil terminal — Drop plans for facility to store crude reserves
INDIAN Oil Corporation and Saudi Aramco, the world's largest oil company, have dropped the idea of building strategic crude storage facility for India. With crude oil prices reaching record highs of more than $55 a barrel, the two companies may ... More

Oil cos may lose Rs 810 cr if price hike not allowed
Cumulative losses may go up to Rs 2,300 crore by April-end if the Government does not allow a hike on April 15, officials said. More

TAXATION


VAT row: Kerala traders not to buy chicken
POULTRY traders in Kerala have decided not to buy chicken from Tamil Nadu until the Kerala Government reviews its decision to impose a 12.5 per cent value-added tax (VAT) on live birds. "It is not economical for us to pay that kind of tax. We ... More

Info network for VAT verification by July
THE Tax Exchange Information Network, said to be the fulcrum for full compliance of VAT across the States, is expected to become fully functional for at least 14 or 15 States by the middle of this year. Verification of inter-State VAT ... More

1% CST on inter-state sale of readymade wear to stay in Bengal
THE Central Sales Tax (CST) rate will continue to remain at 1 per cent with the C-Form for inter-State sale of readymade garments in West Bengal even after the introduction of value-added tax (VAT) till further amendments are announced. Mr ... More

SSI


Credit rating scheme for SSI sector launched
THE Finance Minister, Mr P. Chidambaram, on Thursday launched the first credit rating system for small and medium scale enterprises. The move is aimed at ensuring higher availability of bank and institutional credit to the SME sector. He had ... More

Jostle for space at Kinfra park in Kasargode
AS many as 28 entrepreneurs have chosen space to set up industrial units in the Small Industries Park built by the Kerala Industrial Infrastructure Development Corporation (Kinfra) in Kasargode. The industrial units include oil-refining, ... More

WATER


Kerala HC allows Coke to draw groundwater
A DIVISION Bench of the Kerala High Court today held that the Hindustan Coca-Cola Beverages Private Ltd is entitled to draw 5 lakh litres of groundwater a day at its plant in Plachimada in Palakkad without any right for accumulation in case of ... More

Power for water schemes
THIRUVANANTHAPURAM: The Electricity Minister, Mr Aryadan Mohammed, has asked the Kerala Sate Electricity Board to accord top priority for sanctioning connections to water supply schemes. An official spokesman quoted the Minister as ... More

RADIO/TV


`Content regulator for broadcasting industry may be essential'
A CONTENT regulator is probably essential for today's broadcasting world in the country but it is critical to first define what are the acceptable standards, speakers at a session on content regulation deliberated at the ... More

REAL ESTATE & CONSTRUCTION


Gera Developments mulls housing complex with kids in mind
"The housing complex will have features that will make life easier for working parents who are increasingly faced with concerns over leaving children either unattended or in the care of someone else." More

`Chawl residents rehab must for Mumbai mill land developers'
TEXTILE mill owners wanting to develop their prime lands in the city could find Commencement Certificates hard to come by, if they have not undertaken rehabilitation for workers staying in chawls on the land. Mr Rajesh Tope, Minister of ... More

Rs 1,800-cr Suncity projects in the works
SUNCITY Projects Ltd, promoted jointly by the Essel Group, Action Group and Odeon Builders, is in the process of executing real estate projects worth over Rs 1,800 crore in both the residential and commercial space. "On the commercial side, we ... More

PRECIOUS METALS


Spot gold may rise, then dip
SPOT gold prices recovered due to a slightly firmer Euro and renewed physical interest at lower levels. Physical buying and bargain hunting seems to limit gold price weakness currently. Physical gold demand is expected to increase as the Indian ... More

MINERALS


SAIL division clocks higher iron ore output
THE Raw Materials Division (RMD) of SAIL, which supplies iron ore to Bokaro, Rourkela and Durgapur steel plants, has increased its production to 12.94 million tonnes in 2004-05 against 12.79 million tonnes in 2003-04. According to a release ... More

INDUSTRIAL POLICY


New Haryana industrial policy to focus on infrastructure
THE industrial policy of Haryana, to be announced shortly, would focus on simplifying rules and regulations to attract investments and on the creation of a "world-class" infrastructure, the Chief Minister, Mr Bhupinder Singh Hooda, has said. ... More

EVENTS


National management meet to be held in Hyderabad
The 32nd National Management Convention of the All India Management Association (AIMA) is scheduled to be held here for the first time in five decades on September 16 & 17. Mr Sunil Alagh, President-AIMA, along with senior AIMA members and the . More

EXPORTS & IMPORTS


DEPB benefits restored for SEZ units
THE Revenue Department has withdrawn its circular of February 2004 banning the benefits of Duty Entitlement Passbook (DEPB) credit for supply of goods to special economic zones (SEZs) as physical exports and clarified that the supply of goods to ... More

TOURISM


Tourism projects at Kovalam beach
AS part of its efforts to improve tourism infrastructure at the Kovalam beach resort near Thiruvananthapuram, Kerala Tourism launched two projects today. Speaking on the occasion, the Kerala Tourism Minister, Mr K.C. Venugopal, said the two ... More

ECONOMIC OFFENCES


The business of betting on Net
SO you thought betting is all about cricket! Hold on. Welcome to the world of global betting beyond the sub-continental cricketers. And, certainly, no dearth of big names here too - ranging from the US President, Mr George W. Bush, to the ... More


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Top Stories
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IOC, Saudi Aramco plan merchant storage oil terminal — Drop plans for facility to store crude reserves

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In Focus

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In Depth

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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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