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Wednesday, January 26, 2005

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INDUSTRY & ECONOMY

LOTTERY


Kerala imposes blanket ban on lotteries
THE Kerala Government has banned all kinds of lotteries, including those of its own, with immediate effect. This follows the Supreme Court directive that the State Government should obey the order of the apex court staying the Government's ... More

ANTI-DUMPING


Dumping duty on narrow woven fabrics mooted
THE Designated Authority in the Commerce Ministry has recommended imposition of preliminary anti-dumping duty on imported narrow woven fabrics from China and Chinese Taipei, even as none of the exporters from these countries have responded to the ... More

COURTS/LEGAL ISSUES


US judge urges special courts for patent cases
"A LOT of concerns that people have (on drug companies extending the monopoly on their products through incremental developments) can be solved by a good court system," said Mr Randall R. Rader, Circuit Judge on the United States Court of Appeals ... More

ECONOMY


Pondy Plan outlay fixed at Rs 810 cr
THE Annual Plan of Pondicherry for 2005-06 has been fixed at Rs 810 crore inclusive of a relief package of the order of Rs 100 crore to the tsunami-hit people. This was decided at a meeting between the Planning Commission Deputy Chairman, Dr ... More

Tsunami may worsen fiscal deficit: ADB
THE Asian Development Bank (ADB) has said that the tsunami will adversely impact India's fiscal deficit through large spending on rehabilitation and reconstruction operations that will be initiated as soon as the relief phase draws to an end. ... More

ENVIRONMENT


FAO not for massive planting of mangroves
THE UN Food and Agriculture Organisation (FAO) has said that rehabilitation of mangroves should be taken up for speedy recovery of coastal eco-systems. But large-scale planting should be undertaken with caution, it said. FAO does not recommend ... More

EXCISE AND CUSTOMS


`Govt to sign more customs cooperation pacts'
THE Government would in the coming days sign customs-cooperation agreements with a number of key countries including China, Singapore, Thailand, Canada and Australia, the Union Finance Minister, Mr P. Chidambaram, said here on Tuesday. Speaking ... More

Kolkata Customs' new system to clear exim cargo
KOLKATA Customs will soon be implementing a new `Risk Management System', along with the facility of digital signature, for easy and fast customs clearance both for import and export cargo. Talking to Business Line here today on the ... More

HEALTH


Fact sheet released for diabetic patients
According to the World Health Organisation, there are over 32 million people suffering from this disease in India today. More

PETROLEUM


GoM meet on gas price hike for fertiliser, power units inconclusive
A MEETING of the Group of Ministers (GoM) held here on Tuesday to discuss a proposal to hike the price of natural gas for fertiliser and power units and also to set up a regulator for the oil sector remained inconclusive. "The discussion was ... More

Alarming rise in dependence on petroleum imports: Yechury
THE dependency situation in oil and petroleum sector is likely to hurt India very seriously in the future, according to Mr Sitaram Yechury, CPI (M) Polit Bureau Member. Addressing presspersons here on Tuesday, he said that the ratio of ... More

POWER


NTPC in talks with NPC for foray into nuclear power generation
NATIONAL Thermal Power Corporation (NTPC) is in talks with Nuclear Power Corporation of India (NPCIL) for possibilities of entering into nuclear power business, as part of its diversification agenda. Officials of the Rs 26,000-crore company ... More

Draft power policy to bill corporate farmers in AP
IN an effort to streamline the free power policy and to ensure there is energy audit, the State Government on Tuesday announced a draft policy that seeks to continue to offer free power to some sections of the farm sector and levy charges on ... More

TAXATION


VAT assignments cheer consultants, accounting firms
WITH the value-added-tax (VAT) regime round the corner, consultancy companies and accounting firms are on a roll. Inundated by frantic calls from clients, they have come up with innovative solutions — including `VAT calculators', special ... More

FICCI calls for removal of grey areas in VAT regime
THE Federation of Indian Chambers of Commerce and Industry (FICCI) has called for removal of grey areas in the proposed value-added tax (VAT) regime to improve its efficacy, ensure deterrence-free inter-State trade and commerce and avoid ... More

EDUCATION


Karnataka to discuss common entrance test for pvt colleges
THE Karnataka Government will discuss issues related to admission through common entrance test (CET) with managements of private professional colleges in Bangalore on Friday. In an informal chat with presspersons here on Tuesday, the Minister ... More

REAL ESTATE & CONSTRUCTION


YSR woos investors to Visakhapatnam
VISAKHAPATNAM is emerging as a favoured destination for many companies in India and abroad, and the State Government is keen on providing all facilities to the investors here, the Chief Minister, Dr Y.S. Rajasekhara Reddy, has said. At a ... More

LIC to build on real estate
LIFE Insurance Corporation of India hopes to build on its biggest asset - its real estate. Its buildings have had a pride of place in every major city. Take for instance the LIC Building in Chennai; it epitomised the city in the 1960s and ... More

LEATHER


Leather exporters flay cut in duty drawback rates
THE Council for Leather Exports (CLE) has decided to take up strongly with the Ministry of Finance the sharp cut in the All Industry Rates of Duty Drawback (DBK) for leather and leather products, announced recently. The new rates have come ... More

MINING & QUARRYING


Sand miners strike at the heart of rivers in Kerala
Despite restrictions on river sand mining, truckloads of sand are removed and smuggled out in connivance with law-enforcing authorities, it is alleged. More

DISINVESTMENT


Govt defers stake sale in BHEL, Maruti to next fiscal
THE Government has decided to defer the proposed sale of 10 per cent equity in Bharat Heavy Electricals Ltd (BHEL) and 7.5 per cent in Maruti Udyog Ltd (MUL) to the next financial year. The Finance Minister, Mr P. Chidambaram, said that the ... More

FOREIGN DIRECT INVESTMENT


Toyo Denso among 30 FDI plans cleared
THE Japan-based Kansai Paints Company Ltd's proposal to acquire shares of Goodlass Nerolac Paints through secondary market transactions involving foreign direct investment (FDI) worth Rs 104.27 crore was among the various FDI proposals approved ... More

HUMAN RESOURCES


Fund for Kerala domestic workers
THIRUVANANTHAPURAM: The State Minister for Labour, Mr Babu Divakaran, has promised to bring domestic workers under the minimum wages law and extend the benefit of welfare fund to them. The Minister said this while inaugurating the 20th ... More

EVENTS


Indian companies to participate in Abu Dhabi defence expo
PROMINENT Indian companies are participating in the upcoming 7th International Defence Exhibition and Conference IDEX 2005, which will be held in Abu Dhabi from February 12 to 17. The key exhibitors from India at IDEX 2005 are BrahMos, BEML, ... More

EXPORTS & IMPORTS


On track to $50-b export goal: Maran
WITH exports of electronics and computer software services notching a 33-per cent growth rate during 2003-04, the Union Minister for IT and Communications, Mr Dayanidhi Maran, has expressed confidence that India was on track to achieve the export ... More

NATURAL CALAMITIES


Oceanic survey urged in Kanyakumari
MADURAI: The Tamil Nadu Maritime Board has requested Indomer Coastal Hydraulic Private Ltd to carry out an oceanic survey to determine whether any changes such as formation of sand dunes and obstructions in the sea have occurred following ... More

Sri Lanka may hold cricket match for tsunami relief
Officials of Sri Lanka Tourism told Business Line that the Sri Lankan Deputy Minister for Tourism, Industry and Investment promotion and former cricket captain, Mr Arjuna Ranatunga, was keen to hold a charity benefit cricket match for ... More

Special Kerala Assembly session on tsunami
THIRUVANANTHAPURAM: The State Assembly will hold a special discussion on tsunami and its aftermath during the session beginning today. Announcing this, the Speaker, Mr Therambil Ramakrishnan, said here that he had spoken to the Leader ... More

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    Top Stories
    GoM meet on gas price hike for fertiliser, power units inconclusive


    FII registration up

    Asia-Pacific PC market up 13% in Q4

    `Govt to sign more customs cooperation pacts'

    On track to $50-b export goal: Maran

    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. 16-Jan. 22
    Indirect tax collections up 12.23% in April-Dec

    `India must stop harping on US-Pak ties'

    ICFAI B-school to allow students vend financial products

    Coal India ready to buy from captive mine owners

    `Controlling fiscal deficit is the biggest concern' — — Dr Raghuram G. Rajan, Economic Counsellor and Director of Research, IMF

    Cairn Energy to invest $200 m in developing new oil finds

    NHB to launch housing index

    FMCG unlikely to show value growth this year

    Saudi Aramco may partner IOC to build crude reserves

    ONGC to bid for refinery project in Equador

    Same drugs with multiple price prints?

    Extreme climates to extend to more areas, warns study

    Spices exports top 2.5-lakh-t target

    Gem, jewellery exports rise 38 pc

    Cruise cos scout for Indian staff

    `Molecular medicine next big opportunity'

    Agrochem industry answers Jammu call

    Exports under deferred payment deals to get advance licence benefits


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