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Friday, May 20, 2005

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INDUSTRY & ECONOMY

EMPLOYMENT


Post office turns a major employer
POST offices have become one of the biggest informal job creators in the country. Spurred by increasing returns, there has been a healthy growth in the number of post office savings agents in the last couple of years. The Kadavanthra post ... More

CLIMATE & WEATHER


`Below-par heating of plains delaying onset of monsoon'
AT least three factors are known to have worked against the normal schedule for the onset of the Southwest monsoon this year. The heating of the Central and Northwest Indian plains is one, says Dr M. Rajeevan, Director-Forecasting, India ... More

ECONOMY


Cabinet clears 10th Plan mid-term appraisal
THE Union Cabinet on Thursday approved the mid-term appraisal (MTA) of the Tenth Five Year Plan prepared by the Planning Commission. The document would now go to the National Development Council (NDC), the Union Finance Minister, Mr P. ... More

AP Cabinet okays fiscal management ordinance
THE Andhra Pradesh Cabinet today approved three ordinances including the one relating to the AP Fiscal Responsibility and Budget Management Act, 2005 to bring in fiscal discipline. Speaking to newspersons after the State Cabinet meeting, the ... More

Haryana's Plan outlay fixed at Rs 3,000 cr
THE Annual Plan of Haryana for the current fiscal has been fixed at Rs 3,000 crore at a meeting between the State Chief Minister, Mr Bhupinder Singh Hooda, and the Planning Commission's Deputy Chairman, Mr Montek Singh Ahluwalia. The Plan ... More

ENVIRONMENT


Biodiversity Board gets cracking
THE Kerala State Biodiversity Board (KSBB) is to speed up its activities to conserve and protect all biological materials in land and water besides controlling the export and import of such materials. Speaking to Business Line on ... More

FOREIGN TRADE


Kamal Nath pitches for Australian investment
THE Union Commerce and Industry Minister, Mr Kamal Nath, has invited Australia to invest in India's infrastructure development, particularly in road and energy sectors, using its continental size and experience. Speaking at three different ... More

HOTELS


Hotels federation in pact with Swiss co to set up institute
THE Federation of Hotel & Restaurant Associations of India (FHRAI) has signed an agreement with Ecole Hotelier de Lausanne (EHL) of Switzerland for consultancy and its academic affiliation for the new FHRAI Institute of Hospitality Management ... More

INFRASTRUCTURE


Kerala: Stone laid for civil station
THIRUVANANTHAPURAM: The Chief Minister, Mr Oommen Chandy, on Wednesday laid the foundation stone for the Rs 18.5-crore civil station project in city suburbs. Development of the city is right on top of the State Government's agenda, the ... More

Agartala badly needs a rail link, says Tripura CM
"DEVELOPMENT of the co-operative sector is important for our State's development, and we want to concentrate on agri-based products and allied sectors. But above all, what we need most is a rail link with the rest of India to effectively promote ... More

Karnataka guidelines for fixing land value
BANGALORE: In an attempt to bring down the mounting litigations by agriculturists challenging the compensation awarded for the lands acquired for development projects, the Karnataka Government today issued a set of new guidelines for ... More

POWER


NTPC arm plan to take over Mescom delayed
THE proposal of the NTPC Electricity Supply Company Ltd (NESCL) to assume control over the Mangalore circle in Karnataka has tripped for want of clearance from the State Cabinet. Under the original proposal, the tentative date for NESCL to ... More

TAXATION


AP exempts more items from VAT, seeks Rs 85-cr relief
THE State Government, while exempting certain goods from the purview of the Value Added Tax (VAT) regime, has claimed Rs 85 crore compensation for one month due to its implementation, citing loss to the exchequer. The Government has also ... More

A pro-rally for VAT
Raincoat manufacturers protesting in Mumbai on Thursday against the discrimination meted out to them by the State Government by leaving out raincoats from the 4 per cent VAT ... More

TRAVEL & PLACES


French Embassy opens visa application centres
IN an effort to simplify visa application process, the French Embassy has opened visa application centres at Mumbai, New Delhi, and Chennai, where applicants can submit their documents after taking an appointment for the same. Schengen Visa ... More

WATER


AP CM proposes towns for DFID project
THE Chief Minister, Dr Y.S. Rajasekhara Reddy, has proposed Rayachoti and Madanapalli in Kadapa and Chittoor districts for the proposed survey by DFID, the UK-based aid agency. The DFID will prepare a report on providing 24/7 drinking water ... More

COAL


Orissa CM for greater allocation of coal
NEW DELHI: The Orissa Chief Minister, Mr Naveen Patnaik, on Thursday made a case for revision of royalty on coal and iron ore on ad-valorem basis. The issue of timely revision of royalty on minerals such as coal and iron ore was ... More

RADIO/TV


Channels air surrogate ads despite ban
Some of the larger channels felt that the earlier commitments made to the liquor companies must be fulfilled. More

REAL ESTATE & CONSTRUCTION


Realty management institutions
NEW DELHI: The Confederation of Real Estate Developers Association of India on Thursday announced its intention to set up real estate management institutions beginning with Delhi and the NCR region. The association also plans to hold ... More

PRECIOUS METALS


Spot gold may rise, then dip
SPOT gold prices are moving in a narrow range after testing some key support levels on the back of speculative liquidation in precious metals which took the dollar to seven-month highs against the major currencies. Drop in physical interest at ... More

SCIENCE & TECHNOLOGY


`India has tech to go beyond Agni-III'
INDIA has the technological capability to build long-range missiles beyond Agni-III, whose first test flight is slated for the end of 2005, according to Dr Ram Narain Agarwal, Programme Director of Agni and Director of the Hyderabad-based ... More

TRADE & LABOUR UNIONS


Minimum Wages Act: AITUC meet to take up TN proposal
THE AITUC will discuss the proposal of the Tamil Nadu Government to bring the textile industry under the Minimum Wages Act at its state council meet scheduled to be held in Hogenakal on May 24 and 25. AITUC, a member in the State's eight-union ... More

EXPORTS & IMPORTS


Seafood exporters file suit against US Customs — Bond requirement for shrimp imports challenged
SEAFOOD exporters in the country have filed a lawsuit against the US Customs and Border Protection Agency (CBP) before the US Court of International Trade against the new bond rules imposed on shrimp importers from India. The Seafood Exporters ... More

Q1 tea production up 14 pc; prices rise in S. India sales
TEA production during the first three months of 2005 increased by 14.2 per cent compared to the same period a year ago. The average price at the six auction centres has gained by approximately Rs 3.43 a kg. Exports have grown too but price ... More

TOURISM


Eco-tourism centre at Hyderabad
HYDERABAD: The State Forests and Environment Minister, Mr S. Vijayarama Raju, has inaugurated the Mahavir Nischalvan Eco-tourism Centre at Mahavir Harina Vanastali National Park. Speaking at the inaugural function, the Minister said that ... More

Kerala: State tourism awards
KERALA Tourism has announced the Kerala State Tourism Awards 2003-04 for the best performers in the travel and tourism sector. Addressing a press conference in the city today, the Kerala Tourism Minister, Mr K.C. Venugopal, said two new awards ... More



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In Depth

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Looking back
May. 8-May. 14
Tobacco: Health Ministry may ban brand extension ads

Haryana matches Delhi, pegs VAT rate on automotive tyres at 12.5 pc

VAT panel may assume quasi-judicial role

Company Affairs Ministry okays Sun group's DTH application

Educational, medical institutions run on commercial lines may lose tax sop

Japan alert on banned antibiotics — Govt steps up vigil on shrimp shipments

Automobile sales top Rs 1,10,000 cr in value terms

`Mud slinging is an occupational hazard'

Essar Power plans Rs 4,000-cr investment in new capacity

Industry posts 8 pc growth in 2004-05

Car sales up 13.6 pc in April; CVs down 15 pc

Chinese textile exports to US dive 21 pc in March

Coal shortage hits Rlys' freight movement plans

Marginal rise in biz confidence index

`Banks must recognise credit rating of SSIs by independent agencies'

India set to become knowledge process outsourcing hub: CII

Realty cos shift focus to non-metros


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