Financial Daily from THE HINDU group of publications
Tuesday, October 11, 2005
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INDUSTRY & ECONOMY

EMPLOYMENT


AP to launch rural job guarantee plan
THE State Government will launch AP Rural Employment Guarantee Scheme during the middle of February 2006 by creating 100 days of guaranteed wage employment under the National Rural Employment Guarantee Act 2005. The State Government has decided ... More

CLIMATE & WEATHER


Monsoon withdrawal resumes as `low' stays put
THE very slow movement of the `low' over south Bay of Bengal seems to have provided the perfect excuse for the resident anti-cyclone to descend into the lower latitudes, leading to the resumption of monsoon withdrawal. The withdrawal had been ... More

ECONOMY


India's water economy — World Bank prescription does not hold water
Even while conceding that the World Bank's report is correct in stating that investments in large water infrastructure in India reflect a Build-Neglect-Rebuild philosophy, it may be prudent to bear in mind that the document has been prepared by an en tity that has a stake in water infrastructure. More

`Farmer households spend 55 pc on food'
THE average Indian farmer household spends the highest share (Rs 101.27 or 20.14 per cent) of its monthly per capita expenditure of Rs 502.83 on cereals and cereal substitutes, followed by 9.68 per cent on milk and milk products. Expenditure ... More

Industrial growth dips in Aug on slowdown in mining sector
A SHARP slowdown in the mining sector pushed down industrial growth to 7.4 per cent during August 2005, as against an 8.6 per cent growth in the same month last year. The mining sector registered a negative 1.3 per cent growth during the ... More

ENGINEERING


Dip in demand, jump in input costs hurt pump industry
THE pump industry in Coimbatore has seen a sharp decline in demand for both agricultural and domestic pump sets in the second quarter of the current fiscal even as the increase in input costs eroded the industry's profitability by 3 - 4 per ... More

EXCISE AND CUSTOMS


Customs, DGFT to exchange EDI shipping data digitally
THE Government has now decided that data relating to EDI (Electronic Data Interchange) shipping bills (for Duty Entitlement Passbook Scheme) issued on or after October 1, 2005, from the 23 Customs-EDI Ports shall be exchanged between Customs and ... More

FOREIGN TRADE


Fiji PM invites investments from India
THE Prime Minister of Fiji, Mr Laisenia Qarase, on Monday invited businessmen from India to invest in his country. At a meeting, jointly organised by the Federation of Indian Chambers of Commerce and Industry (FICCI), Confederation of Indian ... More

HEALTH


`Sight for Kids' programme
SIGHT for Kids', a joint initiative of the Lions Club International Foundation (LCIF), World Health Organization (WHO) and Johnson & Johnson Ltd, which is focussed on elimination of childhood blindness, will be launched in Hyderabad on October .. More

INFRASTRUCTURE


Maharashtra forms panel to reform town planning
The present town planning laws do not reflect the needs of urban areas in the State; therefore the Government has formed the group. More

Govt committed to growth of capital city: Kerala CM
THE State Government accords top priority to the development of Thiruvananthapuram, said the Chief Minister, Mr Oommen Chandy. Addressing the concluding session of the annual convention of the Trivandrum Management Association (TMA) in the ... More

PSU


Govt approves Rs 93-cr support to 15 sick PSEs
THE Government will provide budgetary support to the tune of Rs 93.41 crore to 15 sick public sector enterprises (PSEs) for payment of salary/wages and statutory dues up to July 31, 2005. These include companies such as Bharat Heavy Plates & ... More

PETROLEUM


Oil cos moot coupons as LPG subsidy to BPL families
DOMESTIC oil companies have suggested using the coupon route for directing subsidy on cooking gas (LPG) to the more deserving segment - below poverty line (BPL) households. In a presentation to the Government, the companies further said that ... More

Task force set up to monitor LPG situation
THE Petroleum Minister, Mr Mani Shankar Aiyar, has said that the Government has constituted a task force to closely monitor the liquefied petroleum gas (LPG) situation. "We have constituted a task force headed by the Special Secretary, Mr M. ... More

POWER


NHPC's hydel projects in J&K not hit by quake
DESPITE widespread devastation wrecked by Saturday's earthquake, initial reports suggest that all the hydel power projects in Jammu and Kashmir (J&K) have emerged nearly unscathed. "There have been no major damages at any of the hydel stations .. More

Govt test markets 5 franchisee models for rural electrification
THE Government has zeroed in on five variants of the `franchisee model' for executing rural electrification projects. The models are being put to test currently in hamlets in Orissa, Assam, Karnataka, West Bengal and Nagaland. The Power ... More

Energy awards notification
ENERGY Management Centre (EMC), an autonomous centre under the Department of Power, has invited applications for Energy Conservation Awards - 2005 from individuals and institutions. The awards pertain to 2004-05 financial year and are ... More

TEXTILES


Study highlights room for pruning procedural maze
Textile exporters are also required to pay multiple taxes and duties, which include octroi duties, electricity duties, fringe benefit taxes, entry tax and sales tax, which are not refunded through any mechanism. More

EDUCATION


MIBS launched in Thiruvananthapuram
THIRUVANANTHAPURAM: Mentor Educational Charitable Trust has launched the Mentor International Business School (MIBS) as an `innovative venture in the field of global education.' Located in the heart of the Capital City, MIBS guarantees ... More

Pact on learning programme
HYDERABAD: The State Government has announced a public-private partnership with Naandi Foundation as part of its efforts to enhance learning outcomes of children enrolled in Government schools. A Memorandum of Understanding was signed ... More

HOME APPLIANCES


Imparting SKILLS to service appliances
THE Tiruchirapalli Regional Engineering College Science and Technology Entrepreneurs Park (TREC-STEP) is setting set up a chain of institutions to train technicians to service modern household appliances. These training centres would have ... More

GEMS & JEWELLERY


Jewel in the crown
A scene at one of the jewellery shops during the Durga Puja festival at Karol Bagh in New Delhi on Monday.

More

REAL ESTATE & CONSTRUCTION


Emaar, Samsung sign $876-m deal
EMAAR, one of the region's leading real estate developer, has signed a landmark Dh 3.216-billion ($876 million) deal to officially appoint Samsung Corporation as the main contractor for the Burj Dubai, the world's tallest structure. Following ... More

PRECIOUS METALS


Swiss mint firm enters domestic bullion market
Ties up with Clarity Gold, to set up minting facility at Jaipur

THE Switzerland-based mint major Faude & Huguenin on Monday announced its entry into Indian bullion market through a tie-up with the Mumbai-based Clarity Gold Pvt Ltd. The partners have formed a joint venture company — HF MetalArt Pvt ... More

METALS


Industrial growth prospects to spur metals demand
METALS demand growth has far under-performed industrial production growth so far in 2005, with the difference believed to be accounted for by heavy de-stocking at the consumer level. Any upturn in economic activity will see this de-stocking ... More

ECONOMICS


Tom Schelling — Human touch to Game Theory
THE Bank of Sweden Prize in Economic Sciences in memory of Alfred Nobel, popularly known as the Nobel Prize in Economics, is shared this year by Mr Thomas C. Schelling and Mr Robert J. Aumann. These names and their academic work remind you ... More

RURAL DEVELOPMENT


Aiyar urges tech experts to share skills with panchayats
THE Minister for Panchayati Raj, Mr Mani Shankar Aiyar, on Monday urged technical experts to share their skills with panchayats so that they could effectively monitor the implementation of projects in the rural areas. The Minister was speaking ... More

EVENTS


Australia to hold skilled migration expo in Chennai
IN what appears to be a marathon drive to acquire skilled migrant workers, the Department of Immigration and Multicultural and Indigenous Affairs Australia will be conducting a skilled migration expo here over the next three days at Le Royale ... More

Chidambaram escapes unhurt as roof collapses
THE Union Finance Minister, P. Chidambaram, escaped unhurt when the roof of the dais put up for a function to mark the inauguration of a liquefied petroleum gas plant of the Indian Oil Corporation here collapsed on Monday evening. Heavy rain, ... More

EXPORTS & IMPORTS


Delay in announcing pepper export subsidy upsets growers, trade
THE delay in announcing the WTO-compatible subsidy by the Union Commerce Ministry for export of black pepper even after clearance from all the concerned ministries and the expert committee has upset growers and traders. A delayed announcement ... More

Steady fall in manmade textile exports
MAN-MADE textile exports have been on a downtrend in the last few months, despite the end of the quota regime. The monthly figures from January 2005 show a steady decline in exports, except in April, compared to the corresponding period last ... More

NATURAL CALAMITIES


NHB refinance package for bank loans to J&K quake victims
THE National Housing Bank (NHB) has announced a Rs100-crore concessional refinance scheme for Jammu & Kashmir in the wake of the devastation caused by the recent earthquake. The refinance scheme would be to provide assistance through scheduled .. More

Drug cos keen to send relief to Pakistan
"We are talking to the Pakistani High Commission and the Indian Ministry of External Affairs to work out what medicines are required and how it can be sent to people who need it, since currently, trade is not allowed between the two countries." More

Helping hands
Army personnel despatching relief materials in a helicopter in Tanghdar, 205 km north of Srinagar, on Monday for the earthquake - affected in Kashmir.

More

Health Ministry sends medicines to J&K
THE Health Ministry today airlifted Rs 30 lakh worth of intravenous fluids, sets and injections for relief in the quake-affected areas of Jammu and Kashmir. Orders worth Rs 4 crore have already been placed for immediate procurement and supply ... More

Exposition on disasters at Kochi
THIRUVANANTHAPURAM: Scientific Awareness Forum (SAFE), a Kochi-based NGO, is holding a five-day exhibition and interactive sessions on `Natural and manmade disasters and their judicious management' in Kochi from November 5. Titled ... More

STANDARDS & BENCHMARKS


Sops mooted to improve rubber sheet quality
THE Rubber Board has proposed a scheme to help rubber farmers improve quality of sheet rubber, aimed at boosting India's natural rubber exports, according to Mr Sajen Peter, Chairman of the board. "At today's high prices, we cannot ask for ... More



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Tata Safari Dicor

Top Stories
`Farmer households spend 55 pc on food'


India's balance of payments in transition

IRDA beefing up inspection

Steady fall in manmade textile exports

Grooming leaders the Accenture way

Industrial growth dips in Aug on slowdown in mining sector

Delay in announcing pepper export subsidy upsets growers, trade

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. 2-Oct. 8
Fall continues in spices export

ICF rolls out prototype cars to test rails

Coffee exports down 35 per cent in H1

Aspartame: Bitter truth in artificial sweeteners?

Indonesia palm oil exports to India up 30 pc in Jan-May

`Global steel demand to rise 20-25 mt in 2006'

`Employees in IT, ITES sector taken good care of' — Nasscom sees no need for trade unions

Incremental borrowing by States worries Plan Panel

Clinical trials: `India has gene pool advantage'

Gearless scooter market heats up

Post-Katrina, speculators push up commodity prices

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

Australian coal majors in talks with Indian thermal power stations

LPG issue: Govt sets up emergency task force

Speed up infrastructure at Tuticorin port: CII

China's success mantra in textiles: Stand by clients

`Broadband via power lines soon'


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