The Hindu Business Line : Wednesday, October 05, 2005

Retreating monsoon runs into rough weather
AS with the onset phase, the withdrawal of the southwest monsoon also has run into some rough weather with live weather systems in the east and west intervening. A weather update by the National Centre for Medium Range Weather Forecasting ... More

Jharkhand, Bihar post worst monsoon records
FOUR met subdivisions in the east of the country with cumulative rainfall will need to be supported by with appropriate Governmental interventions in order that the adverse climatic impact is minimised to the extent possible. The four met ... More

ECONOMY

Incremental borrowing by States worries Plan Panel
During 2004-05, aggregate borrowings of States from own resources were Rs 80,358.76 crore against Rs 74,623.31 crore a year before. More

ENGINEERING

EEPC opens Chicago display centre
THE Engineering Export Promotion Council (EEPC), in a bid to provide a sound platform to its member-exporters to compete with their counterparts from other countries, has opened a India Engineering Centre (IEC) in Chicago, US. The council, ... More

FERTILISERS

MCF settles dispute with contract workers
ONE hundred and fifty four contract workers, who were earlier working for Mangalore Chemicals and Fertilizers (MCF) Ltd through an agent - have withdrawn their strike following a settlement with the management on issues related their ... More

FOREIGN TRADE

HQ Link to hold three trade fairs in Hyderabad
HQ LINK PTE LTD of Singapore, a leading organiser of trade exhibitions, has announced that it is organising three trade events under one roof at the Hitex Exhibition Centre here from Friday. These three-day trade fairs include PS India-2005, ... More

Turkey's historic journey for full EU membership begins
Today is widely rated as a "historic and epoch-making day" both for the European Union and Turkey, as negotiations for "full membership" begin in earnest. With a third of European Union's per capita GDP ($7350 compared with EU's average ... More

HEALTH

AP Lions Club plans diabetes project
LIONS International plans to launch a $398,000 initiative to tackle diabetic retinopathy (eye problem due to diabetes). An estimated 448,000 people with diabetes are to be covered under the project. The project is among a cluster of four ... More

`Combo vaccines needed for flu'
SANOFI Pasteur, the vaccines business of the Sanofi-Aventis group, organised a workshop on `New avenues in vaccines science for effective disease prevention' here on Monday. Experts highlighted the problems posed by the influenza virus and ... More

INFRASTRUCTURE

Cabinet to take up urban renewal mission this week
THE National Urban Renewal Mission (NURM) for integrated development of cities and towns would be taken up by the Cabinet this week, the Minister of State for Urban Employment and Poverty Alleviation, Ms Kumari Selja, said on Tuesday. While ... More

PETROLEUM

New LPG bunk in Vizag
VISAKHAPATNAM: The citizens of Vizag will be able to drive their vehicles on legally permitted liquefied petroleum gas (LPG) from today. An LPG bunk will be opened by Hindustan Petroleum Corporation Ltd at Vadlapudi. Vizag is the ... More

KRL begins work on single buoy mooring
KOCHI Refineries Ltd, which has got the clearance from the BPCL Board last month for implementing the Single Buoy Mooring project under conventional method, has placed orders worth Rs 80 crore for supply of major pipes with two Gujarat-based ... More

BIMSTEC nations plan to enhance energy co-operation
THE seven member countries of the Bay of Bengal Initiative for Multisectoral Technical and Economic Co-operation (BIMSTEC) grouping today agreed to look into the possibility of setting up a trans-regional gas pipeline and a power transmission ... More

Tech snags hit ONGC Bengal offshore drilling
ONGC's exploration drilling of the first well in Bengal offshore has run into rough weather. Recurrence of technical problems has so far defeated the company's efforts to reach the targeted depth of 4,700 metres. Currently struck at 4,400 ... More

PHARMACEUTICALS

IDMA calls for progressive drug pricing policy
THE Indian Drug Manufacturers' Association (IDMA) has written to the Union Chemicals and Fertilisers Ministry urging it to pursue a progressive policy of price decontrol with strong competition. Referring to the recent report submitted by a ... More

POWER

Elecon bags AP Genco order
HYDERABAD: The Gujarat-based Elecon Engineering Company Ltd has won a contract worth Rs 26.42 crore from Andhra Pradesh Power Generation Corporation Ltd (AP Genco), for design, engineering, manufacturing and supply of Wagon Tippler, ... More

BHEL commissions 2nd unit at NTPC's Rihand station
BHARAT Heavy Electricals Ltd (BHEL) on Tuesday said it had commissioned the second 500-MW unit at NTPC Ltd's Rihand super thermal power station in Uttar Pradesh. The commissioning of the unit takes the total capacity of the Rihand plant to ... More

STEEL

`Global steel demand to rise 20-25 mt in 2006'
THE International Iron and Steel Institute has said global steel demand in 2006 would be 20-25 million tonnes higher than the current year. The prospects are good for continued growth in steel demand worldwide according to the latest ... More

TAXATION

Roadmap for CST phase-out may be discussed at VAT panel meet
THE issue of a roadmap for central sales tax (CST) phase-out is likely to come up for discussion at the VAT panel meeting here on Wednesday even as consensus eluded the States over the compensation and timing of the phase-out or the elimination ... More

Kerala tax dept conducts diploma in taxation
THIRUVANANTHAPURAM: Centre for Taxation Studies, an autonomous institution under the Taxes Department of the State Government, has invited applications for a one-year distance education programme in value-added tax (VAT). Those who have ... More

TN Chamber's plea on CST rule
MADURAI: The Tamil Nadu Chamber of Commerce and Industry has appealed to the Central Government to withdraw the amendment made in the Central Sales Tax (Registration and Turnover) Rules and allow the continuation of submission of `C' Form ... More

SSI

Kerala Govt modifies revival scheme for SSIs
All revenue recovery actions initiated against a sick unit applying for the revival scheme will be stayed till a decision is taken on the revival proposal. More

SMEs may get regulatory relief on compliance with ICAI standards
SMALL and medium enterprises (SMEs) may get some regulatory relief on compliance with certain complex accounting standards of the Institute of Chartered Accountants of India (ICAI). The Central Council of ICAI plans to grant ... More

RADIO/TV

Cartoon Network lines up new shows, movies
CARTOON Network has just completed 10 years of existence in the country. To celebrate this achievement, the channel has unveiled a new logo and will launch new films for the forthcoming festive season. Speaking to newspersons, Mr Ian Diamond, ... More

EDUCATION

NIPM (Mangalore) meet on Oct 7
MANGALORE: The Mangalore chapter of National Institute of Personnel Management (NIPM) will organise its silver jubilee conference on the topic `Leveraging human capital, business process outsourcing for organisational excellence' in ... More

Kerala Govt's proposal for veterinary varsity
THIRUVANANTHAPURAM: The State Government has set up an expert committee to explore the possibilities of setting up a veterinary university in the State. To be headed by Dr Vijay Paul Sharma of the Indian Institute of ... More

FOODS & FOOD PROCESSING

`VAT hurts food processing industry in AP'
THE food processing industry in Andhra Pradesh is feeling the VAT (Value Added Tax) heat. "Major inputs like vegetables and fruits are not taxed. But the end product is taxed at 12.5 per cent. This is totally unfair," Mr Y. Vidya Sagar, ... More

INDUSTRY ASSOCIATIONS

AP Chamber expresses concern over Centre's plan
HYDERABAD: The Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) has expressed concern over the Union Government's proposal to raise the compensation payable by industrial undertakings. It was proposed to increase ... More

HANDLOOM

Workshop on natural dyes in Thiruvananthapuram
THIRUVANANTHAPURAM: A workshop on natural dyes will be the highlight of the second day of the exhibition on `Dissemination of appropriate technology for the handlooms sector' being held here. The Directorate of Handlooms and Textiles ... More

MINING & QUARRYING

AP Govt to levy cess on minerals
IN an effort to raise resources and to improve infrastructure in the mining sector, the State Government has introduced an enabling legislation that will allow the State Mining Department to levy tax (cess in this case) in addition to ... More

CREDIT RATING

Interest rates likely to harden, says S&P
STANDARD & Poor's (S&P) said on Tuesday that interest rates in India are likely to be less benign, though it may not affect the economy too much. The reasons for interest rates to be under pressure, according to Mr Ping Chew, Director, Asia . More

TRADE & LABOUR UNIONS

`Employees in IT, ITES sector taken good care of' — Nasscom sees no need for trade unions
THE IT and ITES industry feels that unionism in the sector will not succeed as there is no "felt need" for such an initiative. "Employees in IT and ITES sector do not need any external intervention as they are looked after very well," said Mr ... More

EVENTS

Manmohan releases commemorative coins
THE Prime Minister, Dr Manmohan Singh, today released the commemorative coins of Rs 100 and Rs 5 denominations on the birth centenary of former Prime Minister Lal Bahadur Shastri, today. Speaking at the concluding function of the centenary ... More

`Awareness of loss caused by corrosion very low'
CORROSION is eating away a section of industries' gains - about Rs 35,000 crore worth - and most industries are doing nothing about it, according to experts at the National Association of Corrosion Engineers - International India Section ... More

EXPORTS & IMPORTS

Indonesia palm oil exports to India up 30 pc in Jan-May
INDONESIA's palm oil exports to India increased by over 30 per cent during January-May this year, while its shipments to other nations rose 46.5 per cent. "Exports of palm products from Indonesia has been growing significantly in proportion to ... More

Tobacco industry aims to double exports
THE domestic tobacco industry has targeted to double tobacco exports from 1.63 lakh tonnes to three lakh tonnes by 2009. The value of these exports would grow to Rs 2,800 crore from the current Rs 1,362 crore. "Exports are growing at 16 per ... More

PEOPLE

Shiv Nadar joins ISB executive board
THE HCL group founder and first-generation entrepreneur, Mr Shiv Nadar, today joined the Executive Board of the Indian School of Business (ISB). "The Indian economy is growing at a high rate and is already being counted among the top 10 global ... More

BOOKS

Arindam Chaudhuri's next book will be on business strategies
AFTER authoring `Count Your Chickens Before They Hatch' and co-authoring `The Great Indian Dream', Prof. Arindam Chaudhuri says, "My next book will not be for mass readership." Dean, Centre for Economic Research and Advanced Studies, Indian ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line