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Wednesday, February 09, 2005

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INDUSTRY & ECONOMY

CLIMATE & WEATHER


IFC plans weather insurance products for Indian markets
INTERNATIONAL Finance Corporation (IFC), the private sector arm of World Bank, is considering the option of working on new weather insurance products with some of the insurance providers in India. Industry sources said the IFC has invested $10 ... More

MET SIGNS
Isolated showers in Kerala midlands
PARTS of the State, mainly in the midlands, continued to experience showers mostly under the influence of local weather disturbances during the four days ending February 6, says the Agromet Bulletin issued by the Met Office, Thiruvananthapuram. ... More

AUTOMOBILES


Auto majors see rise in Q3 input costs
AUTOMOBILE majors faced the brunt of rising raw material costs in the third quarter of the current fiscal as prices of key inputs such as steel, aluminium and plastic shot up. The third quarter results of 13 major vehicles manufacturers showed ... More

ECONOMY


China has its way at G7 meet
Perhaps the most relieved at the outcome was Japan. A yuan revaluation would have forced up the yen at a time when its economy once again seems to be dithering. More

No question of cutting down subsidies for poor: Chidambaram
THE Finance Minister, Mr P. Chidambaram, on Tuesday reiterated Government's commitment to fulfil its responsibility towards the welfare of the poor and made it clear that there was no question of cutting down the subsidies intended for the ... More

US graduates India out of aid budget
THE Bush administration has said that India has been "graduated out" of American economic assistance but only with the "understanding and agreement" of New Delhi. "We are graduating India. That is with the understanding and agreement of the ... More

ENVIRONMENT


  • Applications invited for awards in waste management

    FOREIGN TRADE


    Russian trade info centre opened
    THE Kerala Industries Minister, Mr V.K. Ebrahim Kunju, on Tuesday inaugurated a Russian trade information centre at the Russian Cultural Centre in the city. On the occasion, he said there is a need to strengthen trade and tourism relations ... More

    FICCI, Norwegian chamber sign MoU to boost ties
    THE Indo-Norwegian business and economic cooperation will receive a shot in the arm with the signing of a memorandum of understanding (MoU) between the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Confederation of ... More

  • Sharjah free zone demo

    HEALTH


    NCB cautions pharma cos on distributors with dubious connections
    AN investigation of the illegal trafficking of buprenorphine to Karachi has found that about three crore injections may have been diverted into "illicit channels", both within the country and outside, the Narcotics Control Bureau (NCB) said here ... More

    7 doctors get Wockhardt awards
    SEVEN leading Indian doctors have bagged the Wockhardt Medical Excellence Awards. The awards were organised by Harvard Medical International (HMI), the international arm of Harvard Medical School, US and are a joint vision of HMI and Wockhardt ... More

  • Drive to tackle jaundice in Kerala

    INFRASTRUCTURE


    Legislation on special economic zones — Commerce Ministry optimistic GoM will resolve differences
    The 20-year I-T benefit on SEZs by way of legislation would not allow the revenue department to tinker with this in later years, sources said. More

    Indo-US summit to discuss infrastructure issues
    THE Indo-American Chamber of Commerce has drafted a seven-point agenda to give a critical push to the infrastructure sectors such as ports, roads, airports and urban development in the country. On top of the agenda is the formation of a ... More

    AP Cabinet okays $300-m World Bank project
    THE State Cabinet today approved a $300-million (approximately Rs 1,360-crore) project that seeks to reform municipalities and strengthen urban infrastructure in the State. The Cabinet, which met ahead of the State Budget session later this ... More

    PSU


    KFDC staff plea against closure
    EMPLOYEES of the Karnataka Fisheries Development Corporation (KFDC) have urged the State Government not to close down the corporation. Addressing presspersons here on Tuesday, the president of the KFDC Employees' Union, Mr K. Sadashiva Shetty, ... More

    PESTICIDES


    Kerala Minister's assurance on endosulfan plant
    THE State Government will extend all help to renovate and retain the endosulfan plant of Hindustan Insecticides Ltd (HIL) at Pathalam unit near Eloor, the State Industries Minister, Mr V.K. Ibrahimkunju, has said. At no cost, the unit would be ... More

    PETROLEUM


    BPCL to expand Trombay refinery capacity to 12 m.t.
    BHARAT Petroleum Corporation Ltd (BPCL) will see its import bill swell further in the coming fiscal. The company will need another three million tonnes of imported crude oil for 2005-06. BPCL, which processes nine million tonnes of crude at ... More

    Tapti, Panna-Mukta gas fields — Operators asked to maintain supplies to existing consumers
    The combine is planning to market natural gas itself to alternative markets as GAIL refused to hike gas prices. More

    POWER


    AES Corp plans to bid for new power projects
    AMERICAN power major AES Corporation, which has joint ventures with Orissa Power Generation Corporation at Ib Valley, is all set to bid for new power projects in the country. The company is bidding to develop the 1,000-MW Anpara C thermal power ... More

    Power dreams of duty cuts in Budget 2005
    WHILE reacting to the July 2004 Budget, the Tata Power Company Managing Director, Mr Firdose Vandrevala, spoke of "two concerns in the power sector", viz. affordability and reliability. For the first, the industry banks on duty reduction on fuel ... More

    BHEL develops power saving tool
    NEW DELHI: Bharat Heavy Electricals Ltd (BHEL) has developed a new series compensation scheme - Flexible AC Transmission System (FACTS) - for reducing power losses and speedy transmission. The FACTS will enhance power transfer ... More

    TAXATION


    VAT panel seeks removal of CST waiver on inter-State purchases
    THE Budget for 2005-06 may see some amendments to the Central Sales Tax Act to make this law consistent with the proposed design of State-level value added tax (VAT). States have already forwarded a bunch of proposals for this purpose to the ... More

    AP Minister's fiat to tax officials on VAT regime
    THE Andhra Pradesh Government has asked the officials of Commercial Taxes Department to be thorough with VAT (Value-Added Tax) rules. Addressing deputy commissioners of the department here, Mr K. Ramakrishna, Minister for Commercial Taxes, told ... More

  • Kerala: Levy on liquor transport

    TEXTILES


    Textile stocks on radar in post-quota regime
    THOUGH textile stocks have been range-bound for the last several weeks, analysts are keenly watching this sector, as the impact of the abolition of the quota system would soon be visible. Market participants expect a lot of activity in stocks ... More

    Textiles: New challenges in quota-free era
    `While capital per se may not be an issue, the process of building the production capacity in terms of convincing the bankers and moulding the labour pool are going to be issues.' More

    Minister to review textile sector financials
    A SPECIAL meet of the textile industry and financial institutions being convened under the chairmanship of the Union Textile Minister, Mr Shankarsinh Vaghela, next week may rework on the financials of the textile sector in general and retune the ... More

    TRAVEL & PLACES


    No plan to revise H1 B visa quotas, says US Ambassador
    THE US Ambassador to India, Mr David C. Mulford, has said it was left to the US Congress to decide on the issue of increasing the quota of H1 B visa issued to professionals. Indicating that there was no immediate plan to revise further from ... More

    WATER


  • Caution on Kerala groundwater levels

    EDUCATION


    Tuticorin Fisheries institute plans certificate courses
    THE Fisheries College and Research Institute (FCRI), Tuticorin, one among the 12 such colleges in the country, in its `Vision 2010' has plans to introduce three-month distant education certificate courses, recognised by the Tamil Nadu Veterinary ... More

    PRECIOUS METALS


    Deccan Gold identifies new prospects in AP, Karnataka
    DECCAN Gold Mines Ltd has identified several targets in its ongoing gold exploration work in Karnataka and Andhra Pradesh. "The company is currently involved in exploration work in the Dharwar-Shimoga basin and the Hutti belt. Estimated gold ... More

    EVENTS


    Nobel laureate's lecture in city
    DR Reddy's Laboratories and the Indian Institute of Chemical Technology (IICT) are jointly organising two lectures by Prof Hideki Shirakawa of Japan on February 9-10. Prof Shirakawa shared the Noble Prize for Chemistry in 2000 with two chemists ... More

    Presentation on `Vinci technology'
    VINCI Corporation, an associate company of the Italy's Carrera Holding Enterprises which is involved in textile machinery manufacture, is making a presentation on `Vinci technology' here on Wednesday. The presentation will be on garment ... More

    Management seminar
    MANGALORE: Productivity of an individual makes a difference in the performance of any organisation, according to Mr P. Jayashankar Rai, Deputy General Manager of Mangalore Chemicals and Fertilizer Ltd. He was speaking at `Manthan 2005', ... More

  • Art prints expo in Hyderabad

    EXPORTS & IMPORTS


    Export units keen on tax sops
    NEW DELHI: The Confederation of Export Units (CEU) is pinning hopes on fresh tax sops in the Budget 2005-06 to bolster investments in 100 per cent export oriented units. The need for tax sops to encourage investment in the sector was ... More

    NATURAL CALAMITIES


  • Contributions to The Hindu Relief Fund

    TOURISM


    `Tea tourism' project of Bengal approved
    THE Centre has accepted a proposal from the West Bengal Government to promote "tea tourism" in the Dooars and Terai regions of North Bengal. A sum of Rs 80 crore has been approved for the project, which will entail the involvement of the private ... More


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    Top Stories
    Haier enters mobile market; targets 60 pc growth


    Auto majors see rise in Q3 input costs

    Home spinning of cotton, an Andhra experiment

    NCB cautions pharma cos on distributors with dubious connections

    Top advertisers hike adspends in 2004

    VAT panel seeks removal of CST waiver on inter-State purchases

    Jet Airways IPO price band fixed at Rs 950-1125

    In Focus

    BHEL Disinvestment
    The Yuan Revaluation
    Dabhol power regenerated
    Tracking the rains
    Sethusamudram Canal Project
    India Inc's overseas acquisition
    More

    In Depth

    Gender Justice
    Simple Economics
    Tax Talk
    More

    Looking back
    Jan. 30-Feb. 5
    `US benefits more from outsourcing'

    VAT panel yet to decide on purchase tax on foodgrains

    `Coalition politics has slowed reforms' — Lord Meghnad Desai, former professor, London School of Economics

    Severe Northern winter is in line with global pattern

    Airfreight sops for cardamom exports extended

    Govt divestment plans a positive step, say marketmen

    EPFO to study investment in equities

    BCCI an autonomous body, says SC

    Uncertainty over Indo-Pak series telecast rights

    Narcotics deadlock — Drug shortages hit epilepsy, anxiety post-operative care

    Paint cos may pass on input cost hikes to consumers

    GSPC goes all out to strike gas in third KG well

    Centre may take Rs 26,000-cr hit on finance panel proposals

    Govt sees Rs 9 lakh cr investments in power sector by 2012

    AP: Medicines, cement, LPG to become cheaper on VAT

    `FDI reforms can pump $1-1.5 b into realty'

    Inflation declines on cheaper food, edible oils

    Nirma, Henko also to cost more

    Vegoil imports increase


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