Financial Daily from THE HINDU group of publications
Friday, October 07, 2005
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INDUSTRY & ECONOMY

POLLUTION


GAIL to set up diagnostic centres in AP soon
HYDERABAD: Gas Authority of India Ltd (GAIL) set up an `Air Pollution-Related Disease Diagnostic Centre (APRDC) at the MNJ Institute of Oncology in the city soon. These centres would also come up at Rajahmundry and Vijayawada. The public ... More

CLIMATE & WEATHER


`Low' shaping up over Bay to herald reverse monsoon
THE National Centre for Medium Range Weather Forecasting (NCMRWF) kept up for a second day its watch for favourable conditions to develop for the onset of northeast monsoon over Tamil Nadu and neighbourhood. Model predictions continue to ... More

ANTI-DUMPING


Anti-dumping duty on cold-rolled steel from US, Japan to stay
Due to the negative injury margin in respect of imports from the EU and Canada, the anti-dumping duty on them might be withdrawn. More

AUTOMOBILES


Auto meet to finalise roadmap for research
TOP executives from the automobile industry and other stakeholders will meet in Chennai on Friday to finalise a roadmap for automotive research in the country in the next five years. The meeting, to be attended by top executives from Ashok ... More

ECONOMY


S. Korea's per capita income rises to two-thirds of OECD average: Survey
SOUTH Korea's rapid economic development has lifted its per capita income from one-third to two-thirds of the OECD average over the past two decades but brought increasing labour costs in its wake, according to the OECD's `Economic Survey of ... More

INFRASTRUCTURE


Draft paper on infrastructure regulators soon
THE Planning Commission has said it was working on a draft paper on the regulatory framework in the infrastructure sectors, which would be finalised shortly. The Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia, however, denied ... More

Haldia to host investors' meeting on Nov 10
THE Haldia Development Authority, in partnership with the Confederation of Indian Industry, Eastern Region (CII-ER) will hold a one-day investors' meet at the industrial township on November 10. Around 50 big corporates are expected to ... More

Public-private partnership vital for infrastructure: CII
KERALA urgently needs a comprehensive policy environment and an institutional framework to boost public-private partnerships (PPP) in integrated infrastructure development, especially of roads and inland waterways, said the Confederation of ... More

PETROLEUM


LPG shortage will end by October 10: Aiyar
AFTER an hour-long emergency meeting with the Oil Marketing Companies (OMCs) on the cooking gas (LPG) shortage issue, the Petroleum Minister, Mr Mani Shankar Aiyar, said that by October 10, the Government would ensure that there was no shortage ... More

States told to stop setting up hydrocarbon regulatory bodies
The Supreme Court had said that only the Centre had the authority to enact legislation relating to mineral and oil resources, including natural gas and liquefied natural gas. More

LPG issue: Govt sets up emergency task force
AFTER an hour-long emergency meeting with the Oil Marketing Companies (OMCs) on the cooking gas (LPG) shortage issue, the Petroleum Minister, Mr Mani Shankar Aiyar, said the Government has also set up an emergency taskforce comprising ... More

POWER


Australian coal majors in talks with Indian thermal power stations
AUSTRALIAN coal majors Wesfarmers Coal Company Ltd and Griffin Coal Company Pty Ltd have begun discussions with thermal power stations in India for long-term coal supplies. Speaking to Business Line, the Premier of the Government of ... More

`Gas-based power projects only if there is assured fuel supply'
THE Government is having a rethink on the setting up of new gas-based power projects due to fuel shortage being faced by the sector. The Power Secretary, Mr R.V. Shahi, on Thursday said that he does not see gas-based power projects coming up in a ... More

ONGC Tripura gets in-principle clearance for power unit
ONGC Tripura Power Ltd (OTPL) has received in-principle clearance from the Ministry of Environment and Forests for setting up a 380X2-MW gas-based power generation unit at Palatana in Tripura. ONGC sources told Business Line that the ... More

EMC invites project proposals
THIRUVANANTHAPURAM: Energy Management Centre (www.keralaenergy.gov.in) , an autonomous body under the Department of Power, has invited proposals from institutions within the State having ... More

WATER


World Bank to raise lending for water-related projects to $4 b
THE World Bank on Thursday announced it would lend $4 billion for water related projects in the next four years. "The World Bank will increase lending to India from $200 million a year to about $1 billion a year for the next four years," the ... More

RADIO/TV


Community radio policy referred to GoM
THE Cabinet has referred the policy to kick start the second phase of community radio operations to a Group of Ministers (GoM). Addressing newspersons, the Information and Broadcasting Minister, Mr S. Jaipal Reddy said, "The Cabinet today ... More

MEDICAL INSTITUTIONS & HOSPITALS


Indian standards for accreditation of hospitals coming soon
THE Government is likely to announce within six months "standards for accreditation of hospitals in India," Ms Preetha Reddy, Managing Director, Apollo Hospitals, has said. Speaking at a seminar on opportunities for partnership between Indian ... More

REAL ESTATE & CONSTRUCTION


Solitaire Cap to raise Rs 300 cr under first scheme
REAL estate venture capital fund Solitaire Capital India said on Thursday that it would invest in 8-10 projects across the country in the next six to 12 months under its first `scheme' with a corpus of Rs 300 crore. The projects will span ... More

DLF to invest Rs 600 cr in IT park, township
DLF Universal Ltd., the real estate developer, has announced its plans to develop a Rs 600-crore integrated township at Hyderabad spread over 26.3 acre site. This project has envisaged four million square feet of integrated township including ... More

SCIENCE & TECHNOLOGY


CCEA nod for early warning system
THE Cabinet Committee on Economic Affairs (CCEA) on Thursday approved the establishment of an early warning system for mitigation of oceanogenic disasters such as tsunami and storm surges in the Indian Ocean at an estimated cost of Rs 125 ... More

MINING & QUARRYING


Girijana Sangham plans stir against bauxite mining
THE Andhra Pradesh Girijana Sangham (APGS) is organising a roundtable conference here on October 16 to discuss the effects of proposed bauxite mining in the agency (tribal) area of Visakhapatnam district and the smelter plant to be set up by the ... More

FOREIGN DIRECT INVESTMENT


Retailers worried over plan to allow more FDI
INDIAN retailers are showing signs of anxiety over the Government's growing keenness to allow more FDI in the retail segment. Top retailers gathered today at a CII forum favoured phased FDI in the sector. They urged the Government to target ... More

IPR


CTRI files patent for purer solanesol
THE Central Tobacco Research Institute has filed for a patent for the cheaper technology developed by it to produce more than 95 per cent pure solanesol, which has a huge potential in the pharmaceutical industry. Solanesol, extracted from ... More

SOCIAL WELFARE


`Anti-poverty programmes must suit specific requirements of the poor'
UNDERSTANDING the vulnerability of the poor to shocks is a very important factor in designing anti-poverty programmes that can precisely cater to the targeted sections. "Programmes should suit the specific requirements. The chronically poor ... More

RURAL DEVELOPMENT


Intel developing community PC for Indian villages
CHIPMAKER Intel is planning the launch of community-based personal computers (PC) and is implementing pilot projects in 10 locations across the country. The PC is designed to provide wireless Internet access to village communities and remote ... More

EVENTS


GJEPC to host diamond industry meet in November
THE World Federation of Diamond Bourses (WFDB) and International Diamond Manufacturers Association (IDMA) will hold their Presidents' meeting in Mumbai during November 13-15. The Presidents' meet is the highest decision making forum of the global ... More

TRIMA convention
THIRUVANANTHAPURAM: The annual convention of the Trivandrum Management Association (TRIMA) will be held on Monday (October 10) at the Mascot Hotel here. The theme for discussions this year is `Management of infrastructure - Capital ... More

`Lean Manufacturing' seminar
KOCHI: To create awareness on Lean Manufacturing, CII-Kerala is organising here a seminar on `Lean Manufacturing for Competitive Advantage' on Friday at Hotel Renaissance. The objective of the seminar is to provide an overview of Lean ... More

  • Engagements

    EXPORTS & IMPORTS


    Ginger exports to Pak, Bangladesh on the rise
    LIFTING of quantity restrictions coupled with reduction in import duty by Pakistan and Bangladesh on imports of spices from India has pushed up exports of ginger in 2004-05 and the trend is expected to continue. Out of the total exports of ... More

    Vegetable oil imports up at 45.5 lt; soya oil shipments double
    Soya oil imports have increased to 17.6 lakh tonnes from 7.3 lakh tonnes. More

    DEPB credit goes online
    EXPORTERS awaiting Duty Entitlement Passbook (DEPB) credit have reason to be happy, as the Revenue Department has operationalised online credit to exporters instead of giving them after physical verification of shipping bills by the Director ... More

    NATURAL CALAMITIES


    Post-Katrina, speculators push up commodity prices
    SPECULATORS love uncertain conditions. In the wake of the US hurricane damage, speculators in the commodity markets appear to be positioning primarily for heightened inflation risk via heavy long exposure to gold. Funds have also been buyers of ... More

    ALTERNATIVE MEDICINES


    Kerala: Drive against spurious drugs
    THIRUVANANTHAPURAM: The Government is committed to act forcefully against perpetrators of a fake indigenous medicine racket that has sullied the name of the traditional Indian medicines and compromised health tourism prospects in the ... More

    TOURISM


    Smooth sailing
    Tourists on a pleasure trip through the inland waterways of suburban Kochi. As many as 60 lakh domestic tourists and nearly 3 lakh foreign visitors enjoyed the backwaters of Kerala in 2004. ... More

    ECONOMIC OFFENCES


    Telecom components seized in Hyderabad
    SLEUTHS here today assisted by officials of the Department of Telecommunications (DoT) arrested four persons for illegal diversion of international calls that had caused loss of about Rs 1.26 crore. A statement from the Police Commissioner said ... More



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    Top Stories
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    ONGC extends loan to OAO Rosneft for Sakhalin-1 project

    Australian coal majors in talks with Indian thermal power stations

    Import of sensitive items down 5.4 pc in April-July

    LPG issue: Govt sets up emergency task force

    Vegetable oil imports up at 45.5 lt; soya oil shipments double

    Post-Katrina, speculators push up commodity prices

    `New entrants may pose threat to container lines'

    In Focus

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    In Depth

    Gender Justice
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    Looking back
    Sep. 25-Oct. 1
    BPCL in talks with NCDEX for futures trading in furnace oil

    `SMEs must upgrade tech to become Defence suppliers'

    Pak keen on buying Indian machinery for edible oil refineries

    CAG non-committal on issue of auditing NGO accounts

    Infrastructure growth slows to 5.7 pc in Aug

    SC seeks explanation on `unregulated' mobile towers

    Seven States may participate in tax info exchange project

    Bajaj Capital promoting art as investment option

    Indian shrimp prices decline in US markets
    Festival demand fails to spark; exporters look to Japan


    Volatility may continue in crude oil market

    PM concern over science grads not finding gainful jobs

    Direct overseas investments up

    NTPC's hydro initiative gathers steam — Projects totalling 4,400 MW on the anvil

    Essar among FDI proposals cleared

    India attracted $5-b FDI in 2004, says Unctad

    Tread warily on MFI loans; but spare a thought for rural poor

    India gains in global growth index — Finland retains top slot in World Economic Forum rankings

    Leasing of aircraft could get dearer from today


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