The Hindu Business Line : Saturday, May 15, 2004

ECONOMY
`Manufacturing, farm growth to help services'
INDIAN Chamber of Commerce, Kolkata, in a research paper titled "Services sector: Propelling sustainable double-digit GDP growth", released here recently, has said that the services sector in India, which contributed to 51 per cent of nation's ... More

Remittances fuel consumption spree in Kerala
KERALA had all along been a huge consumer durables and perishables market for the country as a whole. But the per capita income of an average Keralite did not warrant such a high level of expenditure. But, a recent study by the Centre for ... More

HOTELS
New Yorker opens in Chennai
CHENNAI: Chennai now has its own New Yorker. The speciality restaurant offers Mexican, Italian, Lebanese, sizzlers and Indian food. It will open on May 17. The New Yorker menu offers specialities such as nachos, enchiladas and the ... More

PSU
`Vigilance won't block decision-making in PSEs'
VIGILANCE would not come in the way of fast commercial decision making if the reasons and circumstances of the decision are recorded and put into the perspective. This was stated by Mr S. Gopal, Additional Secretary, Central Vigilance ... More

PETROLEUM
Petrol, diesel prices may go up by Re 1
CONSUMERS may face a hike in price of petrol and diesel by Re 1 per litre each from May 16. With oil companies mounting pressure on the new Congress-led Government to allow a price hike in the wake of high global crude and product prices, the ... More

PHARMACEUTICALS
Pharmexcil now a reality
PHARMEXCIL, the dedicated export promotion council for the pharmaceutical industry, has become a reality with the Director General of Foreign Trade (DGFT) issuing the public notice creating the council with its headquarters located at ... More

POWER
Shell pulls out of NTPC's LNG supply tender
GLOBAL LNG major Shell has pulled out of the race to supply gas for National Thermal Power Corporation's (NTPC) proposed 1300 MW-each power stations at Kawas and Gandhar in Gujarat. In the two-stage bid process, the bidders were on Friday ... More

TEXTILES
Madurai textile testing centre inaugurated
THE Textile Testing and Development Centre was inaugurated at the Kappalur industrial estate, near here. Established with the latest equipment worth Rs 2 crore, the centre would provide an integrated service under one roof with capabilities to ... More

BREWERIES
Beer price goes up in Karnataka
The industry observers said the price increase would have no impact on consumption as the net hike was just Re 1. More

CIGARETTES
Cigarette industry seeks sufficient time for labelling requirements
THE domestic cigarette industry has suggested to the Union Health Ministry that "sufficient time" be granted to them for implementing the proposed labelling requirements on the cigarette packages. The Health Ministry is currently in ... More

CARS
Car sales up 32% in April
PASSENGER car sales continued their robust drive in the first month of the fiscal, growing by 32.4 per cent in the month. A total of 56,272 units were sold in April 2004 over 42,499 units in the same month last year, data released by the ... More

DISINVESTMENT
`Practical' privatisation, not `ideological'
IF the transition from piecemeal disinvestment to outright privatisation formed an integral part of the outgoing BJP-led Government's economic agenda, the prospective Congress (I)-headed dispensation looks set to de-emphasise, though not really ... More

Scrap sell-off policies, say Left parties
LEAVE alone privatisation, even disinvestment will now be a dirty word. Although the would-be coalition constituents of the Congress combine are yet to put their heads together to draw up a common minimum programme (CMP) for governance, the two ... More

`Cong for privatisation on case-to-case basis'
The Left does not have a monopoly over social conscience, and they cannot be moralistic that it is only they who are worried about the common man. This attitude is as dangerous as the Sangh Parivar's claim of having monopoly over nationalism. More

EVENTS

Seminar on biotech industry at Hyderabad

INCOME TAX
Articles of confusion
T. N. Pandey on why an employer cannot adjust excess TDS paid against what's due More

EXPORTS & IMPORTS
Prospects bright for tea exports to WANA region
TEA exports to the West Asia and North Africa (WANA) region dropped in 2003 due to slide in sales to the war torn Iraq. But prospects look bright this year with the opening up of new markets and the launch of a tea trading centre in Dubai, which ... More

TOURISM

VUDA develops beach park for kids

STANDARDS & BENCHMARKS
Contravention of quality norms — Govt suspends licences of 5 edible oil units
THE Union Government has suspended the licences of five edible oil units for contravention of quality norms. Action has been taken under the Vegetable Oil Products (Regulation) Order, 1998 against two units in Uttar Pradesh, one each in Punjab, ... More

PEOPLE
BHU fetes CCMB Director
DR Lalji Singh, Director, Centre for Cellular and Molecular Biology (CCMB), here has been given an extension up to his superannuation — 2007. He would be completing his first six-year term in July this year. According to a press release ... More