The Hindu Business Line : Saturday, March 26, 2005

To meet increased revenue expenses — States may borrow more from small savings window
STATES are expected to increase their borrowings through small savings to meet their enhanced expenditure requirements — both Plan and non-Plan. Support for State plans effective from the next fiscal year onwards is expected to be ... More

FOREIGN TRADE

Wal-Marts, JC Penneys making orders bigger
TWO months into the textile quota phase-out, Indian textile suppliers are emerging with a significant presence on the sourcing plan of major retailers in the US and the European Union for the next couple of years. Wal-Mart, the world's biggest ... More

PHARMACEUTICALS

MNC drug cos patently unhappy with new regime
HOW does it feel to put in the effort but have someone else partake of the fruits of that labour? MNC drug companies operating in the country say that the recently passed Patents Bill allows just that - as generic drug companies will now be ... More

POWER

ONGC mulls hiking capacity at proposed Tripura plant
HAVING received the nod from the Union Ministry of Petroleum and Natural Gas to use gas reserves in Tripura for power generation, ONGC is now considering stepping up the capacity of the proposed power plant at Palatana to 1,500 MW. The company ... More

TAXATION

IT firms vie to offer VAT software
WITH the State Governments and their respective commercial taxes departments taking to VAT-related technology infrastructure, it is now the turn of IT service providers to target companies and traders with customised software packages. Not just ... More

SIMA favours total VAT implementation
THE Southern India Mills Association (SIMA) has urged the empowered committee on value added tax (VAT) to ensure that VAT is implemented across the country from the originally decided timeframe of April 1. Any partial implementation of VAT ... More

VAT heat
Activists of the Confederation of All India Traders demonstrating in New Delhi on Friday against VAT.

WATER

`Bring drinking water under the definition of food'
The world water day was celebrated the other day. But, how serious are we in ensuring supply of potable water, the elixir of life, to the population in the country. It is evident from the fact that even today, 55 years after independence, we do ... More

EDUCATION

A special calling
Creative thinking and offbeat choices... that's the career in the world of alternative education and special education. More

GEMS & JEWELLERY

Jewellers adding sheen to Chennai's Cathedral Road
CATHEDRAL Road in central Chennai, with its cluster of branded jewellery stores, is today fast becoming the city's gold and jewellery high street. In the old days, one went to Cathedral Road to attend a concert at the Music Academy or for a ... More

MEDICAL & SURGICAL EQUIPMENTS

`Artificial limbs market set to grow 30 pc'
THE market for prosthetics or artificial body parts in India is estimated to grow to $7.5 billion by 2009 from the present $2.5 billion. The share of artificial limbs and joints in the overall growth of the market is also expected to be about ... More

RESORTS & AMUSEMENT PARKS

Beach resorts offer low tariff packages to woo tourists back
BEACH resorts along the southern coast are offering holiday packages at throwaway prices this summer. Though most of them have got back to normal business following the killer tsunami waves which hit the coasts in December last year, most resort ... More

RURAL DEVELOPMENT

Rural IT centres for youth on the anvil
Voluntary organisations can make use of the facility for acclimatising themselves with various resource mobilisation options. More

INDUSTRIAL POLICY

Get industrial policy ready soon: AP CM
ANDHRA Pradesh has attracted new proposals from 12 companies, each worth more than Rs 100 crore during the year 2004. The State Investment Promotion Board (SIPB) has on hand 1032 projects as of January 2005, with an aggregate investment of Rs ... More

TRADE & LABOUR UNIONS

`Handloom weavers need social security schemes'
THE handloom weavers in Madurai district are not able to derive the benefit of any social security schemes of the Government, according to union sources. Though the district has a sizeable number of weavers who work hard for more then 10 hours ... More

EVENTS

Satluj Jal Vidyut bullish
SATLUJ Jal Vidyut Nigam Ltd, which constructed the country's largest hydel power station in Himachal Pradesh, is currently working on three more hydel power stations in that State and is likely to bag two more shortly, said Mr Y.N. Appa Rao, its ... More

EXPORTS & IMPORTS

Traditional goods push exports up 20 pc
TRADITIONAL export products such as gem and jewellery, chemicals and related products and engineering goods and unconventional export item such as petroleum products together accounting for as much as 59 per cent of the country's aggregate ... More

NATURAL CALAMITIES

Tsunami has spared AP economy, says study
THERE is no adverse fiscal impact of the December 26, 2004, Sumatra earthquake-induced tsunami on Andhra Pradesh, according to a study by the Asian Development Bank, United Nations and the World Bank. The revenues are completely unaffected, ... More

TOURISM

Air Arabia to tap medical tourism traffic
AIR Arabia, the low-cost carrier from the UAE, has identified medical tourism traffic from the Gulf as a key market segment on the India-Gulf sector. The airline, which will begin services in the country with a daily flight between Sharjah ... More

ECONOMIC OFFENCES

An ill-conceived chase of ill-gotten wealth
Black money may not be stashed away in domestic banks, says S. Murlidharan More

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