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Thursday, April 28, 2005

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INDUSTRY & ECONOMY

EMPLOYMENT


90% of GLIM(Chennai) first batch students find placement
ABOUT 90 per cent of the first batch of management graduates passing out of the Chennai-based Great Lakes Institute of Management (GLIM) has been placed, according to Professor Bala V. Balachandran, Founder and Honorary Dean, GLIM. The remaining ... More

BUDGET


Lok Sabha passes demands for grants
THE Lok Sabha today passed the demands for grants of various Ministries amounting to Rs 11,52,521.58 crore, completing the second stage of the Union Budget 2005-06. The Finance Minister, Mr P. Chidambaram, put the various demands for grants of ... More

EXCISE AND CUSTOMS


Trade hails Pune customs airport
FEBRUARY 2005 had heralded good times for the exporters as it was announced that Pune airport would then be called a customs airport. From then on, exporters have started breathing easy as their consignments no longer need to make a trip to ... More

FOREIGN TRADE


India-Japan Parliamentary Forum to be launched
THE India-Japan Parliamentary Forum (IJPF) is being launched under the auspices of the Federation of Indian Chambers of Commerce and Industry (FICCI). The forum is being launched during the visit of the Japanese Prime Minister, Mr Junichiro ... More

HEALTH


Bengal urges private sector to invest in healthcare
THE West Bengal Government has urged the private sector to invest in the healthcare infrastructure in the State with a view to meeting the requirements of "those who can afford to pay for healthcare". Speaking at a symposium on `Positioning ... More

INFRASTRUCTURE


Work resumes on Vijayawada flyover, to be ready by May 5
LARSEN and Toubro (L&T) resumed work last week on the flyover across the railway line in the one town area near the Kaleswara Rao market here and the flyover is expected to be ready by May 5. Minor works such as closing of expansion joints and . More

Kerala CM hopeful of Smart City at Kochi
THE Chief Minister, Mr Oommen Chandy, has expressed the hope that the Smart City project will come up in Kochi itself. He said this to newspersons in response to a specific question aired in the context of conflicting reports that Tamil Nadu, ... More

PETROLEUM


Shell India opens retail station in Chennai
ON the busy and crowded Arcot Road in Vadapalani, sharing space with a row of offices and shopping complexes and film studios is Shell India's swanky new retail station, its first in Chennai and third in the country. The fuel station opened ... More

POWER


`Micro hydro plants can provide cheap power to villagers'
QUALITY electricity for villagers at affordable rates may sound strange considering the present situation in the country. But it is possible to provide reliable electricity to villagers using their own resources, says Prof S.S. Murthy of Indian ... More

GBC power summit in Hyderabad
THE CII-Sohrabji Green Business Centre (CII-GBC) would organise here a two-day Power Plant Summit-2005 on July 27 and 28. The theme of the summit is `Make Indian power plants world class', a GBC press release said here on Wednesday. The ... More

TAXATION


Delhi Govt to roll back diesel ST rate to 12.5 pc
LOSS of trade in diesel on account of lower tax rates in the neighbouring States of Punjab, Haryana and Himachal Pradesh has prompted the Delhi Government to roll back diesel sales tax rate from the current 20 per cent to 12.5 per cent. Diesel ... More

Trading community's plea
KOCHI: The Indian Chamber of Commerce and Industry has urged the authorities to take immediate steps to overcome the difficulties experienced by the trade in submitting stock statement by extending the time to one more month in filing such ... More

TEXTILES


Korean fabric display centre at Tirupur
A KOREAN fabric display centre, which will offer a permanent platform for the garment producers seeking out on sourcing imported textile fabrics from Korea, has been inaugurated in Tirupur on Wednesday. The fabric display centre, an outcome of ... More

`Asia to dominate cotton textile production, consumption'
WORLD textile and cotton markets are undergoing significant changes following the elimination of quotas and the phase-out of the Multi-Fibre Agreement (MFA) and other forces. However, far from being uniform, the impact of these would be felt ... More

WATER


Water levels decline in Kerala reservoirs
THIRUVANANTHAPURAM: Water levels at the three major reservoirs — Idukki, Idamalayar and Kallada — have recorded a decline compared to the readings made a week ago. According to an official spokesman, the level declined from ... More

COAL


Singareni workers plan indefinite strike
THE employees of Singareni Collieries Company Ltd (SCCL) have threatened to launch an indefinite strike in favour of the implementation of the Seventh Wage Board Accord, even as the three-day strike concluded on Wednesday. The strike has ... More

PERSONAL PRODUCTS


This one's for the consumers!
Do brands live up to their promises? After cracking the whip on companies selling baby oil, the Maharashtra FDA has trained its guns on other consumer products. More

REAL ESTATE & CONSTRUCTION


Singapore keen on investments in realty, hospitality
A SINGAPORE real estate and hospitality mission in India today expressed interest in the high growth potential of the country and the investment opportunities it offers. Companies like CPG Corporation, formerly Singapore's public works ... More

EXPORTS & IMPORTS


SriLankan Cargo eyeing fabric, perishables
THE first exclusive freighter to link Coimbatore with Colombo — the SriLankan Airlines (SriLankan Cargo) — is expected to rely on perishables and garment shipments from Coimbatore and the fabric imports from the Far East by Tirupur's ... More

EEPC calls for Vizag port upgradation
THE Engineering Export Promotion Council (EEPC) has called for upgradation of ports to make them handle mother vessels. "Exporters will be spending money at Visakhapatnam Port to get products board onto the feeder vessels and then at Colombo or ... More

APFDC plans to strengthen presence in export arena
THE Andhra Pradesh Forest Development Corporation (APFDC), which started export of coffee on a small scale from June 2004, plans to make its presence felt in the international market and export at least half of its production, said Mr B. Trinadha ... More

ALTERNATIVE MEDICINES


KAPL due diligence next month
KOCHI: The Bangalore-based Katra Healthcare would commence an exclusive due diligence on Kerala Ayurveda Pharmacy Ltd (KAPL) next month, according to Mr S.V.S. Raghavan, Chairman of the Aluva-based company. The due diligence is being ... More


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In Focus

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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Apr. 17-Apr. 23
`Fringe benefit tax to hit SSIs hardest'

Banks offering new schemes to lure women depositors

India second largest apparel exporter to US?

Panel report on oil PSUs' merger likely next month

Charak Pharma in pact with Russian co for liver disorder drug

IISCO-SAIL merger: Montek riles Left again

Power projects sans govt guarantees — FIs ready to accept alternative payment security mechanism

Global consumption of finished steel products to cross 1 b tonnes

CII lists anomalies in Customs duty structure

Oil marketing PSUs lose Rs 1,300 cr in two weeks

Gem and jewellery exports up 29 pc at $15.7 b — GJEPC prefers exemption system over refunds for VAT

Bank deposits losing favour with NRIs

Textile companies move to keep up with global trends

It's advantage India as China plans to tax its textile exporters

As global iron prices fall — Domestic steel prices likely to soften

Good pre-monsoon showers may help advance cardamom picking


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