The Hindu Business Line : Tuesday, June 07, 2005

Monsoon brings copious rains in Kerala
THE southwest monsoon has been active in Kerala on the second day since the onset, with heavy to very heavy rainfall in many parts of the State on Monday. "We have received data on some very good rainfall in the State and the initial monsoon ... More

Foam and fury
Waves encroach on the beach at Poonthura in Thiruvananthapuram on Monday as the sea turned rough with the arrival of the southwest monsoon.

ECONOMY

Estimates panel to look into EPF, rural telecom
THE Estimates Committee has taken up for examination during 2005-06 certain crucial subjects such as employee provident fund, development of small-scale industries, priority sector lending by public sector banks, population control and status of ... More

ENVIRONMENT

`Industrialisation will harm Orissa's ecology greatly '
Environmental costs of production are negligible in Orissa since no one uses pollution control equipment. More

HEALTH

NRIs pitch in to treat kids with heart ailments
COME June 18, a large gathering of expatriates from India, mostly from Andhra Pradesh, would be gathering at Hotel Hilton Irvine, Orange country, in California to raise funds to treat children suffering from heart diseases in their native ... More

PETROLEUM

Oil companies plan to launch truck tracking systems
The truck tracking solution operates on GSM technology, which involves mounting a tracking device on the truck. More

PHARMACEUTICALS

`Bumper quarter' likely for pharma cos
DOMESTIC pharmaceutical companies are expected to reap a `bumper quarter' in the three months ended June, say analysts. After the heart-burn of a difficult quarter in the three months leading up to the implementation of value added tax (VAT) ... More

Developing world relies on Indian ARVs: LSE Update
PRIOR to January 2005, India was the last country in the world with an advanced pharmaceutical sector that did not offer product patents on drugs. Indian firms served as principal suppliers of affordable antiretrovirals (ARVs) to developing ... More

POWER

Rise in power demand, shortage of coal supplies — Karnataka overdrawing from hydel stations
FACED with the increase in power demand and shortage of coal supplies, the State has begun overdrawing from its hydel generating stations. Sources said that the State's hydel units were generating close to 35 million units per day. This was ... More

Gail plans to expand pipeline network to meet IPPs demand in AP
WITH new independent power producers (IPPs) in a quandary over fuel supply linkages, Gail (India) Ltd has sewn up plans to expand its pipeline infrastructure to support gas-fired plants in Andhra Pradesh. Mr R.C. Arora, a Zonal Official of ... More

NTPC in talks with three States for hydel projects
NATIONAL Thermal Power Corporation Ltd (NTPC) is diversifying into coal mining and consolidating its hydel power generation. It is holding parleys with several State Governments for new hydel projects. The Executive Director of NTPC's Southern ... More

TAXATION

Tax on 9 new services likely from June 16
THE Finance Ministry is likely to specify June 16 as the date from which service tax would be applicable on the nine new services that were brought under the tax net in this year's Budget. Indications are also that the Budget announcement of ... More

TEXTILES

Interim relief for NTC staff
THIRUVANANTHAPURAM: An in-principle agreement has been reached on handing out interim relief to workers of National Textiles Corporation (NTC) mills in the State. A settlement to this effect was made at the end of talks with ... More

WATER

Rainwater harvesting plan
HYDERABAD: Coca Cola in partnership with the Andhra Pradesh Road Transport Corporation (APRTC) has launched a rainwater harvesting project with a capacity to harvest 32,00,000 litres of water. The project, coming up at the Picket Bust ... More

EDUCATION

AP launches drive to enroll kids in school
THE Andhra Pradesh Government has launched a special drive from June 6 to11 called `Badi Bata' to identify children between 5-11 years and get them admitted in schools. Announcing this Statewide effort, the Chief Minister, Dr Y.S. ... More

TN scraps entrance test for professional courses
THE Tamil Nadu Government has decided to introduce a new system based on Plus-2 marks alone for admissions to the professional courses, and do away with the entrance tests, according to an official press release. With effect from the current ... More

ICFAI offers new PG courses
THE ICFAI University has announced the inauguration of the Centre for Post-Graduate Studies (ICPGS) here on Monday offering two-year full-time campus-based postgraduate programmes in English, Economics, Psychology, Mathematics, Statistics and ... More

REAL ESTATE & CONSTRUCTION

Good response to India Property show in Dubai
GULF non-resident Indians (NRIs) are purchasing real estate properties in India with renewed vigour with realtors reporting increased demand for residential as well as commercial properties. Prominent builders from across India showcased their ... More

Global office market on road to recovery: Report
THE global office market continued on its road to recovery with overall stability in rents recorded over the year, according to a Cushman & Wakefield report. "The number of locations recording positive growth increased and overall almost ... More

INDUSTRY ASSOCIATIONS

Call for discussion on Irani panel report
THE Indo-American Chamber of Commerce (IACC) has called for a thorough discussion on the J.J. Irani Committee Report on company law at various forums of industry and academia. It has said that such discussions were necessary before the ... More

FOREIGN DIRECT INVESTMENT

FDI in captive coal mining may be allowed for steel, cement cos
The move will also pave the way for international steel manufacturers such as Posco and Arcelor, who have announced plans to set up steel plants in India, to have their own captive coal mines to meet their coal requirements. More

EXPORTS & IMPORTS

Centre agrees to subsidise cotton export from Maharashtra
THE Centre has agreed to subsidise export of cotton produced in Maharashtra by Rs 500 per bale, according to a State Government official. The Government decision is expected to help the State to liquidate part of its cotton stocks of 30 lakh ... More

NATURAL CALAMITIES

Tsunami warning system by Sept 2007
THE Indian initiative for the Rs 125-crore dual-use early warning system for tsunami and storm surges will start issuing definitive forecasts along with the likely landfall and inundation they could cause from September 2007. Stating this, the ... More

TRENDS

Faith groups to invest in social capital
IN business, a good investment is usually one that makes more money. But in April this year, 27 organisations representing seven world religions and an assortment of banks, financial advisory companies, private foundations, and charities came ... More

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