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Thursday, November 03, 2005
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INDUSTRY & ECONOMY

EMPLOYMENT


Govt employment statistics under-reported by 20 pc
After 1997, the data on number of employed persons started registering a fall and, according to Labour Ministry officials, the closure of a large number of textile mills was one of the main reasons. More

CLIMATE & WEATHER


South benefits from reverse monsoon
THE successful run of the northeast monsoon in the southern peninsula continued into the last week of October even as Andhra Pradesh and Tamil Nadu were made to fight some of the worst flooding ever chronicled. Kerala was the sole exception to ... More

`Shear zone' forming over peninsula again
THE monsoon-friendly `shear zone' is getting organised from extreme peninsula in tandem with the rain-driving Inter Tropical Convergence Zone (ITCZ), which should trigger another wet session in Tamil Nadu and adjoining coastal Andhra Pradesh from ... More

ANTI-DUMPING


US decision on anti-dumping duty on Indian shrimp before weekend
THE US-based International Trade Commission will decide whether to revoke the anti-dumping duty imposed on Indian shrimp exports to the US after undertaking a Changed Circumstances Review. The commission decided to conduct the review after the ... More

Dumping duty on sodium cyanide to continue for US, South Korea; EU spared
THE Designated Authority in the Commerce Ministry has recommended continuation of definitive anti-dumping duty on sodium cyanide from South Korea and the US, while dropping the existing anti-dumping duty on exports from the European Union (EU), ... More

AUTOMOBILES


Festive Oct sees record auto sales
FESTIVE October seems to have been a `record breaking' month for both passenger cars and two-wheeler companies alike. According to estimates, motorcycles led the growth in the automotive segment in the month with sales growth of 30 per ... More

HEALTH


Patient vs Patent debate: Move on Tamiflu to set the trend
FOR a product-patent regime that is less than a year old, it will be a test case how India chooses to make the bird-flu drug Tamiflu available to the people. Across the world, arguments on making Tamiflu available are reaching a shrill pitch in ... More

INFRASTRUCTURE


Forestland handed over for Sabarimala development project
The Rs 16-crore project sanctioned by the Centre under the National River Conservation Programme will also be taken up. More

PSU


New MD for BHPV
VISAKHAPATNAM: On the superannuation of Mr A.S.C Sinha, the Managing Director of the Bharat Heavy Plate and Vessels here, Mr I.S.S.S Ganesh, the General Manager (Finance), has assumed charge as the Managing Director under a working ... More

PETROLEUM


ONGC, BPCL keen on trading in NCDEX natural gas futures
NCDEX may also seek Forward Markets Commission approval for launching derivatives market on natural gas. More

LPG supply shortage eased substantially, says Aiyar
THE Petroleum Minister, Mr Mani Shankar Aiyar, said on Monday that the pledge of substantially ending physical shortage of liquefied petroleum gas (LPG) for domestic purposes has been fulfilled. He has said that both the Ministry and the oil ... More

ATF bill for airlines may be down by Rs 3-4 cr
THE domestic airlines industry could see a reduction of Rs 3-4 crore in its aviation turbine fuel (ATF) bill for November due to the public sector oil companies cutting prices by close to two per cent. However, there is near unanimity among the ... More

POWER


Govt announces tax sops aimed at Dabhol sale transaction
THE Government has announced a series of tax sops aimed at the GE and Bechtel's equity sale transaction of their Dabhol power project holdings to the special purpose vehicle promoted by NTPC Ltd and GAIL (India) Ltd. According to a Taxation ... More

More States finalise norms to provide power utility choice
POWER consumers across a majority of States could soon have the choice to select their electricity distribution utility, with 19 States finalising their open access regulations. These regulations are the key enabling provision for State ... More

STEEL


SAIL, 3 others cut prices
FOLLOWING heavy pressure on global steel prices four domestic primary steel makers including the Steel Authority of India Ltd (SAIL) have reduced the selling price of hot rolled steel with effect from November. The other companies that have ... More

TAXATION


Corporation tax, Customs duty boost H1 tax collections by 24 pc
POWERED by healthy growth in corporation tax and Customs duty collections, the Government's tax revenue during the first half of the current fiscal has grown by 24 per cent to Rs 96,249 crore from Rs 77,860 crore during the corresponding period ... More

An open letter to the FM
Let me begin by stating that I have been your unabashed fan for many years. I have stood and applauded as you presented your dream budget. I have silently thanked my stars when you took guard for your second innings. Now, I am writing to you not ... More

AP trade bodies meet to discuss service tax issue
THE trade bodies and the chambers of commerce and industry in Karnataka, Kerala, Andhra Pradesh and Tamil Nadu - that are opposing the payment of service tax by consignors and consignees for taxable service provided by the goods transport ... More

Govt extends I-T exemption on leasing of aircraft by 6 months
THE Government has extended by six months the exemption on payment of income-tax on lease of aircraft or aircraft engines. An ordinance issued by the President, Mr A.P.J. Kalam, said that airlines that enter into an agreement before April 1 ... More

TEXTILES


AP Cabinet clears Textile Policy
THE Andhra Pradesh Cabinet on Wednesday approved the new Textile Policy for the first time in the history of the State. This move aims to provide a major fillip to the cotton growers, weavers and the textile and apparel industry. According to ... More

SSI


AP to take Rs 50-cr equity in APSFC
THE Andhra Pradesh Government will pick up Rs 50 crore equity in the AP State Financial Corporation (APSFC) to enable the Corporation offer loans at the lowest interest rates to the small-scale units. Announcing this here on Wednesday, the ... More

New BoI products for small businesses
TARGETING the small and medium enterprises sector, Bank of India has come out with two new products - Star Diamond Current Account and Star Gold Current Account - during its centenary year. The two new products are tailor-made to meet ... More

WATER


Water levels decline in Kerala reservoirs
THIRUVANANTHAPURAM: Water levels in the three major reservoirs in the State - Idukki, Idamalayar and Kallada - have recorded a slight decline when compared to those of the last week. Figures released by the Central Water ... More

COAL


Drilling begins at Bharat Coking project in Jharia
FORMAL drilling at the UNDP-funded coal-bed methane (CBM) project at Moonidh in Jharia coalfield of Bharat Coking Coal Ltd (BCCL) has commenced with the objective of promoting indigenous CBM technology, demonstrating utilisation of gas in power ... More

RADIO/TV


`Foreign channels must be delivered through set top box'
THE Indian Media Group has suggested to the Government that after a notified date all foreign channels should be delivered through an addressable system (set top box). This has been suggested to create the much-needed capacity in the cable ... More

PRECIOUS METALS


Dubai commodities exchange ties up with Chicago Board of Trade
THE Dubai Gold and Commodities Exchange (DGCX) has entered into a memorandum of understanding (MoU) with the Chicago Board of Trade (CBOT), with the aim of working together for the mutual benefit of markets and customers. The MoU, signed by ... More

RURAL DEVELOPMENT


2,072 SHGs financed in AP
HYDERABAD: Sree Anantha Grameena Bank, the Ananthapur-based regional rural bank sponsored by Syndicate Bank, has announced that it has financed 2,072 self-help groups (SHGs) on Wednesday to the tune of Rs 6.22 crore. In a press release ... More

LABOUR REFORMS


AIOE calls for flexibility in contract labour legislation
THE proposed reforms in the labour policy will make Indian industry dynamic to sustain the growth rate of 8-9 per cent for another five years, according to Mr O.P. Lohia, President of the All-India Organisation of Employers. Commenting on the ... More

EVENTS


`Freshers need training, motivation for results'
"THEY are 20 to 21 years old. Train them; motivate them, so that they give 130 per cent results," was the appeal of Mr Dexter C. Bob, Circle Head, Reliance Web Store Ltd, Tamil Nadu, to the captains of industry who are hesitating to recruit ... More

INCOME TAX


Needed, a new prescription
R. Anand on FBT and medical reimbursement More

EXPORTS & IMPORTS


H1 cashew exports value up; volume down
EXPORTS of cashew kernels during the first half of the current fiscal has declined in terms of volume, while in terms of value it has increased by Rs 102.80 crore, thanks to the increased unit value realisation. During April - September, the ... More

Exporters cancelling forward dollar cover
Exporters hardly resorted to cancellation of their forward cover in the last two years when the rupee was gaining against the dollar. More

ECONOMIC OFFENCES


`Colonel West' and his electronic exploits
Impersonation is a common trick, much like what the big bad wolf did in the Red Riding Hood story. But not only little girls, big companies too can fall for the con game, as the Federal Insurance Co vs Ace Property & Casualty Co case, ... More



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Top Stories
Patient vs Patent debate: Move on Tamiflu to set the trend


Foreign brokerages plan to widen mid-cap basket

Rubber production likely to fall short of target

Govt employment statistics under-reported by 20 pc

Exporters cancelling forward dollar cover

Growing from better fleet management

An initiative to make Govt offices more responsive

Festive Oct sees record auto sales

ONGC, BPCL keen on trading in NCDEX natural gas futures

SAIL, 3 others cut prices

In Focus

Indian Aviation: Sky is the limit
Stock splits
India Inc's bonus bonanza
Dabhol power regenerated
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Oct. 23-Oct. 29
US Senators push for 50 pc hike in H-1B visas

`8 pc growth rate may not be sustainable'

Govt gets ready to handle bird flu outbreak issues

Centre may allow post offices to disburse credit in rural areas

Fresh rain alert for Tamil Nadu, AP coast

FMCG sector buoyancy to continue: Adi Godrej

DSCL Energy, Agrinergy enter pact for emission reduction solutions

Fertiliser output in August close to target

India to import onions from China, Pak

`Low' materialises, tipped to intensify further

India third largest initiator of new anti-dumping measures during H1

Reliance to take up large-scale jatropha farming

Auto component makers feel China has an edge

Indian, Chinese textile producers gain, post-quotas: ILO

Govt to stockpile bird flu drugs

India Inc worried over Govt plan to ink more FTAs

Storm may survive landfall to last a while

Core sectors growth dips to 1.8% in Sept

Filing returns: Salaried class may be spared

Slowdown in world trade growth likely, says WTO

Egg exporters cash in on avian flu fears — Disease-free poultry farming helps gain advantage in global market

Depression splits into two off AP coast

Bengal Govt vetting Wal-Mart proposal — Govt favours FDI but not at the expense of local biz


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