The Hindu Business Line : Wednesday, September 14, 2005

Buoyant hiring activity likely in India during Oct-Dec 2005: Survey
THE Manpower Employment Outlook Survey has reported buoyant hiring activity in the country in October-December 2005, with Indian employers forecasting a 6 per cent increase in hiring intention over the previous quarter, the strongest among the 23 ... More

Campus interviews at Madurai Kamaraj
MADURAI-KAMARAJ University plans to organise a campus interview for students of its affiliated colleges, on the lines of Anna University, for placements in 100 vacancies at a US-based multinational company (MNC). According to the ... More

COURTS/LEGAL ISSUES

`Legal work outsourcing potential waiting to be tapped'
RIGHT from filing patents to drafting transnational contracts to creating necessary information back-up for global corporations in litigations and providing support in contract management - - ,one can outsource a wide range of legal work, ... More

ECONOMY

`It's difficult to do business in India' — IFC accords 116th rank in global list
HOW easy or difficult is it to start or pursue a business? International Finance Corporation (IFC), the private sector arm of the World Bank Group, puts India way down at 116 out of the 155 countries surveyed for its report, `Doing Business 2006' ... More

Global growth alive and well
The world is no longer utterly dependent on the US, Europe and Japan. The new kids on the block are China and India. More

EXCISE AND CUSTOMS

FICCI lists measures to deal with pending excise cases
TO reduce the number of pending cases of customs, Central excise duty and service tax, the Federation of Indian Chamber of Commerce and Industry (FICCI) has recommended measures to a committee constituted by the Central Board of Excise and ... More

FOREIGN TRADE

Dubai tourism dept, CII to sign MoU
THE Dubai Department of Tourism and Commerce Marketing (DTCM) will sign a memorandum of understanding (MoU) with the Confederation of Indian Industry (CII) to strengthen commercial ties between the two countries. The MoU will be signed by a ... More

HEALTH

Garlic imports from China stopped on fungal infection
THE Union Agriculture Ministry has stopped imports of garlic from China following detection of fungal infection in imported garlic consignments. In a notification dated September 6, the Department of Agriculture and Cooperation has said ... More

INFRASTRUCTURE

SEZs to dot coastal corridor along Vizag, Kakinada soon
THE Andhra Pradesh Government is set to develop the coastal corridor between Vizag and Kakinada dotting with special economic zones. These special zones seek to woo downstream industries following the announcement of major gas finds in the ... More

SEZs offer good scope for FDI, local industry: PwC
THE Centre's thrust on creating special economic zones with public and private partnership will create a trouble-free and internationally competitive environment, according to consultancy firm PricewaterhouseCoopers (PwC). The Executive ... More

PETROLEUM

Maharashtra may cut sales tax on petrol, diesel
THE Maharashtra Government is considering sales tax reduction on petrol and diesel, in an effort to reduce the burden of the recent hike. The Maharashtra Finance Minister, Mr Jayant Patil, told Business Line on Tuesday that the move was ... More

DGH approaches SEBI again for norms in declaring oil finds
The recent communication of the DGH was in response to the SEBI's letter to the Ministry of Petroleum and Natural Gas, asking it to work out a mechanism for companies to announce new discoveries. More

POWER

TAPP-4 begins commercial operation
THE country's largest power plant, Unit-4 of Tarapur Atomic Power Plant (TAPP-4) went into commercial operation on Tuesday, seven months ahead of schedule. The 540-MW unit, the country's largest nuclear reactor, achieved criticality on March ... More

KERC to issue orders by Sept 30
THE Karnataka Electricity Regulatory Commission (KERC) will issue final orders on the separate proposals by the electricity supply companies (Escoms) for a hike in the power tariffs, by September 30. In turn, Escoms will notify the revised order. ... More

Mescom urges KERC to hike power tariff
THE Mangalore Electricity Supply Company (Mescom) has requested the Karnataka Electricity Regulatory Commission (KERC) to increase power tariff as proposed by it. Participating in the KERC public hearing here on Tuesday, Mr S. Sumanth, ... More

STEEL

Ferro alloy makers seek higher rate of depreciation for captive power plants
DOMESTIC ferro alloy manufacturers are planning to approach the Government with the request to allow higher rate of depreciation for their captive power plants in order to remain viable. The producers would also ask for cheaper financing options ... More

TAXATION

States urged to lower rate for VAT composition scheme
VAT-implementing States have been persuaded by the VAT panel to factor in the interests of small dealers and keep the tax rate for the composition scheme as minimum as possible, a senior VAT panel official has said. "We have, at a recent ... More

TEXTILES

Textile scrips hog limelight, more IPOs to come: CITI chief
TEXTILE companies have begun to draw attention of the stock market. All good textile shares have come to limelight in recent weeks, according to Mr Vinod K. Ladia, Chairman of the Confederation of Indian Textile Industry (CITI), formerly known as ... More

CITI seeks restoration of textile debt-restructuring scheme
THE newly formed Confederation of Indian Textile Industry (CITI) has sought to resurrect the debt-restructuring package that was announced for financially sick textile units two years ago, which failed to take off. "We have now remodelled the ... More

WATER

Chennai desalination project: Pact with IVRCL signed
THE Chennai Metropolitan Water Supply and Sewerage Board (Metrowater) on Tuesday signed a bulk water purchase agreement with IVRCL Infrastructures & Projects Ltd, a Hyderabad-based infrastructure company that has bagged the contract to construct More

RADIO/TV

Asianet to set up digital head end in Kochi
ASIANET Satellite Communications will be commissioning a world-class digital head end at Kochi shortly. According to Mr V. Ramanathan, Senior Manager (Marketing and Customer Care), this will benchmark the integrated services provider with ... More

GoM finalises uplink-downlink policy
THE Group of Ministers (GoM) has, on Tuesday, finalised in principle the uplinking and downliking policy for television channels. According to sources in the GoM, the policy will be taken to the Cabinet shortly. They also said that the crucial ... More

EDUCATION

Quiz competition for Kerala students
THIRUVANANTHAPURAM: As part of the World Space Week celebrations, Vikram Sarabhai Space Centre Thiruvananthapuram will organise an all Kerala quiz competition for school students. The regional finals of the quiz will be held in three ... More

CARS

After a two-month slump, car sales rise 14.8% in Aug — 2-wheeler market also recovers
DOMESTIC passenger car sales rose 14.8 per cent in August, after a decline of two consecutive months during which demand had suffered as a result of heavy floods in two key markets and increased vehicle prices due to stricter emission norms and ... More

REAL ESTATE & CONSTRUCTION

Draft housing policy proposes cut in residential stamp duty
States would be advised to lower the stamp duty on residential properties to about 2-3 per cent More

INDUSTRY ASSOCIATIONS

KCCI President re-elected
MANGALORE: Mr A. Srinivas Rao has been re-elected President of the Kanara Chamber of Commerce and Industry (KCCI) for 2005-06 at the 64th annual general meeting held here on Monday, a press release from KCCI has said. Other ... More

MINING & QUARRYING

International mining meet in Goa from Sept 28
A two-day international conference on the mining industry will be held in Goa on September 28-29. Organised by Federation of Indian Mineral Industry (FIMI), the conference will cover issues relating to the mineral ore sector and ... More

SOCIAL WELFARE

Supplyco's Onam fairs
THIRUVANANTHAPURAM: The Onam fairs being run by the Kerala State Civil Supplies Corporation (Supplyco) will also sell vegetables, says an official press release. Supplyco's five Onam `metro fairs, 10 district fairs and 87 Onam markets will ... More

REGULATORY BODIES & RULINGS

Joint appellate tribunal for power, petroleum likely
AS a first step towards having an integrated regulatory framework in the energy sector, the Government is planning to have a combined appellate tribunal for both the power and petroleum sectors. The tribunal would function as a quasi-judicial ... More

EVENTS

UN Summit in New York
Millennium Goals: The story so far
The UNDP's Human Development Report contends that the UN meeting beginning in New York on Wednesday provides a crucial opportunity for governments that signed the Millennium Declaration to show that they mean business. The summit presents them the mo ment to mobilise investments and develop plans to build defences that can stop the tsunami of world poverty. Needed is political will to act on the vision set out five years ago, says G. Srinivasan. More

ENTREPRENEURSHIP

BL CLUB

`Management graduates should try to become entrepreneurs'
WHILE India's robust economic growth will ensure employment opportunities aplenty, management and engineering graduates should seriously consider becoming entrepreneurs, said Mr ParasuRaman R, Managing Director of Novar India Ltd, delivering the ... More

EXPORTS & IMPORTS

Weaving in technology to wrap up textile exports
IN THE quota-free world, no one doubts that textile production will eventuallybecome Asia-centric and the two countries that stand to gain the most will be China and India. India's biggest foreign exchange earner, ... More

Non-oil imports spurt 37.16 pc — Exports up 23 per cent in April-August
The latest foreign trade data made available by the Government today shows that there has been a spurt in non-oil imports during April-August this year, reflecting the buoyancy in the economy. During the first five months of the current ... More

NATURAL CALAMITIES

Katrina aftermath pushes up freight rates
THE Katrina hurricane may have wreaked havoc along the US coast, but its aftermath is now spreading ripples across the global freight market, which has begun to inch northwards. With the hurricane damaging refineries, the US has stepped up ... More

ECONOMIC OFFENCES

Campco refutes allegations of irregularities
THE management of the Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd has refuted allegations of irregularities in the cooperative and said that it has made a profit of Rs 2 crore till August during the current ... More

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