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Friday, August 26, 2005
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Cyclonic circulation deferred by a day
THE new cyclonic circulation expected to form over northwest Bay of Bengal and adjoining Orissa has been deferred by a day to Saturday. The National Centre for Medium Range Weather Forecasting (NCMRWF) said that the western end of the monsoon ... More

SOCIAL SECURITY


NAC draft Bill urges cess for unorganised sector
THE National Advisory Council (NAC) headed by Congress President Ms Sonia Gandhi has suggested a cess to fund the social security needs of the approximately 37 crore workers in the unorganised sector. However, the NAC is silent on whether the ... More

BUDGET


Chidambaram asks States to come up with Outcome Budgets
THE Finance Minister, Mr P. Chidambaram, today urged the State Governments to follow the example of the Centre and come out with their own versions of `Outcome Budget'. "It (Outcome Budget) should not only be a Central Government exercise, it ... More

ECONOMY


Kerala shows growth in all sectors, says report
THERE has been a revival of Kerala economy post-1990s with all the three — primary, secondary and tertiary — sectors showing impressive growth momentum, according to a report by the Centre for Development Studies (CDS). The Kerala ... More

EXCISE AND CUSTOMS


Leakages plugged in IMFL duty collections in Karnataka
IT'S probably time to say `cheers' to a State-owned enterprise that has plugged leakages in duty collections of Indian Made Foreign Liquor (IMFL) sales in Karnataka. The State, once notorious for duty evasion and sales of seconds (non-duty ... More

INFRASTRUCTURE


Outcome Budget: Govt plans 9 new infrastructure projects
INDICATING the Government's commitment to boosting infrastructure, the first-ever Outcome Budget has promised nine new projects under the public-private partnership route, a vast expansion of the country's highway network and dotting of the ... More

PLASTICS


Maharashtra ban on plastic bags may face hurdles
Manufacturers' lobbies are convinced that such a ban is not going to work and will be watered down before it gets enacted. They are confident that the Government will `see reason' and there will be no need to move court. More

POWER


Govt in talks with allies on amendments to Electricity Act
THE Power Minister, Mr P.M. Sayeed, on Thursday said that the proposed amendments to the Electricity Act would be made in consultation with allies of the ruling United Progressive Alliance (UPA). This comes in the wake of widespread criticism ... More

`Grid quality power to 25,000 villages by 2012'
THE Centre is working towards providing grid quality power to 25,000 remote villages by 2012 and plans to add 2 lakh MW of generation capacity from renewable sources by 2050, Mr Vilas Muttemwar, Minister of State for Non-Conventional Energy ... More

System soon to monitor ongoing power projects
THE Government will set up a Central Monitoring System to keep a tab on the progress of ongoing power projects in the country. The Power Minister, Mr P.M. Sayeed, said the Monitoring System would focus on ensuring that unwarranted slippages in ... More

  • Reliance Energy unit trips

    STEEL


    We are not hungry for iron ore, says POSCO
    POSCO, the South Korean steel major, will not push for exports of iron ore from India if the people and the Union Government do not want the exports to happen, authoritative sources in the company told journalists of The Hindu group of ... More

    RADIO/TV


    Clarification
    With reference to the news item captioned `Big names likely in second round of bids for FM radio' that appeared in these columns on August 24, Radio Mirchi clarifies that Radio City in Lucknow and Radio Mirchi in Pune have not shut down - both ... More

    EDUCATION


    Bangalore Management Association for good mechanism to rate B-schools
    THE Bangalore Management Association (BMA) is not averse to evolving a mechanism for rating business schools but would wait till a good mechanism is evolved to improve the standards of management education in the State. It had already brought ... More

    FOODS & FOOD PROCESSING


    Food Safety & Standards Bill tabled in Lok Sabha
    THE Food Safety and Standards Bill 2005 was introduced in the Lok Sabha on Thursday. The Bill seeks to set up a single regulator that will put in place food standards, and regulate manufacturing, import, processing, distribution and sale of food ... More

    REAL ESTATE & CONSTRUCTION


    DLF Universal to enter Hyderabad real estate market
    DLF Universal Ltd, a leading real estate developer, on Thursday announced its plans to enter Hyderabad market and other southern cities later. The company has purchased over 25 acres of land near the Gachibowli area in Cyberabad for developing ... More

    PRECIOUS METALS


    Spot gold may test support level
    SPOT gold prices ended lower on Wednesday on profit-taking as the currency markets turned choppy. Huge speculative net-log position in COMEX had been overhanging on the market as well resulting in position adjustment. Markets will also have to ... More

    INDUSTRY ASSOCIATIONS


    PHDCCI seeks independent authority for Delhi airport
    PHD Chamber of Commerce and Industry has urged the Ministry of Civil Aviation to set up an autonomous body to monitor ground and cargo services at Delhi airport. The chamber said that Delhi Airport should be developed as a hub for northern India, ... More

    HANDLOOM


    Handloom sector eyes $50-b exports by 2010
    INDIAN handloom products are in great demand in the international market, with no competition from any country, and the industry targets $ 50 billion exports by 2010, said Dr B.V. Somasekhar, Director of the National Institute of Fashion ... More

    SCIENCE & TECHNOLOGY


    Medal for NGRI scientist
    HYDERABAD: Mr V. Chakravarthi, Scientist, National Geophysical Research Institute (NGRI), here has been selected for the Krishna Gold Medal of the Indian Geophysical Union (IGU) for the year 2005, for his contributions in the field of ... More

    DISINVESTMENT


    Coalition limits options on privatisation: Manmohan
    "WE are a coalition Government and that limits our options in some ways. Privatisation happens to be one such area," the Prime Minister, Dr Manmohan Singh, has said in an interview to McKinsey Quarterly, a publication of the consultancy firm ... More

    FOREIGN DIRECT INVESTMENT


    PM confident of consensus on FDI in retail, labour laws
    THE Prime Minister, Dr Manmohan Singh, is confident of being able to permit foreign direct investment in the retail industry as well as go ahead with labour reforms. In an interview to The McKinsey Quarterly, a publication of the ... More

    SOCIAL WELFARE


    22,071 units get aid under RYS programme
    AS many as 22,071 units, covering 30,000 youth, have been given financial assistance to the tune of Rs 178.42 crore under the Rajiv Yuva Shakthi (RYS) programme so far. The Government targeted to sanction Rs 600 crore to 60,000 units covering ... More

    RURAL DEVELOPMENT


    AP Govt to step up efforts to boost rural economy
    THE Chief Minister, Dr Y.S. Rajasekhara Reddy, has said that the Government has stepped up efforts to improve the rural economy and bring in rural transformation within two years. Speaking after releasing the book `Rural Transformation in India ... More

    Rural infrastructure — Nabard disbursals to States at Rs 25,384 cr
    The National Bank for Agriculture and Rural Development (Nabard) has already disbursed Rs 25,384 crore to States out of the Rs 42,949 crore sanctioned in the Budget for building rural infrastructures, says Ms Ranjana Kumar, Chairperson, Nabard. ... More

    INDUSTRIAL POLICY


    AP Govt sets eligibility criteria for industrial fund
    THE State Government has created an Industrial Promotion Fund under the recently announced Industrial Investment Promotion Policy, 2005-10. The fund will address specific problems of existing large-scale industries. While the Government plans ... More

    EVENTS


    National meet on tourism in Kochi from today
    AS many as 1,000 delegates are expected to participate in the 21st National Convention of Indian Association of Tour Operators to be held here from Friday. The theme for this year's convention is `Incredible Boom - Incredible Challenges'. ... More

    GATE mock test
    HYDERABAD: The GATEForum is organising a free mock test for the aspirants of GATE (Graduate Aptitude Test in Engineering) on August 28 in Hyderabad. GATE is conducted by the seven IITs and the IISc, Bangalore, and would be held on February ... More

    Singapore to host Asian film festival
    Teamwork Production today announced that its first Asian Festival of 1st Films (AFFF) will be held in Singapore from November 23-30, 2005. "The seven-day festival will provide a stage for emerging Asian film talent to excel on an international ... More

    NATURAL CALAMITIES


    Post-flood, Mumbai slowly turns to `GIS' for disaster management
    IT is stuff that Hollywood movies are made of, where the hero launches his daredevil rescue mission based on digital maps. In today's Google world, large digital maps, Web-based maps and even palmtop-based maps are a daily reality, and the ... More



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    In Focus

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    In Depth

    Gender Justice
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    Looking back
    Aug. 14-Aug. 20
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    Industry hails new norms for fixing sugarcane SMP

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    10 pc divestment in top PSUs can fetch Rs 31,000 cr: Assocham

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    Exporting iron ore is against national interests: Tata Steel MD

    Consumer durables sales decline in H1

    Employment Guarantee Bill: Govt agrees to Left demands

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    `Electrical industry posts healthy growth in first quarter'

    Qatar keen to supply 1.25 mt more LNG for short term


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