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Tuesday, July 12, 2005

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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Even chances for a `break monsoon'
INDICATIONS of sustained rain activity in peninsular India and along the southwest coast seem to cloud the weathermen's ability to take a call on a classic `break monsoon' setting in any time soon. Speaking to Business Line, Dr Akhilesh ... More

ANTI-DUMPING


Definitive duty recommended on MBTS imports from China
THE Designated Authority in the Commerce Ministry has recommended definitive anti-dumping duty on dibenzothiazole disulphide (MBTS) imports from China. MBTS is a rubber chemical used in the manufacture of rubber products, namely `accelerators'. ... More

FOREIGN TRADE


Free trade pacts turning a tool to dump spices
EVER since the Free Trade and Preferential Trade Agreements (FTA/PTA) between India and its neighbours have come in to force, spices that are not even grown in these countries are landing here as produce of those nations. Spices qualified for ... More

HEALTH


Retention of blood donors a must for effective transfusion service
A GOOD base of voluntary donors is absolutely necessary for establishing a blood transfusion service that is equipped to meet the entire needs of the country or of a region. Survey results revealed by the surgicals major Terumo Penpol ... More

INFRASTRUCTURE


Dubai Holdings to invest in AP infrastructure projects
DUBAI Holdings, a Dubai-based infrastructure and hospitality company, has agreed to invest in infrastructure projects in Andhra Pradesh. Mr Mohammed Al Gergawi, Chief Executive Officer, has said the company would also help the State in its plan ... More

`Rural infrastructure fund gets more, gives more'
THE Managing Director of the National Bank for Agriculture and Rural Development (Nabard), Mr Y.S.P. Thorat, has said flow of funds to the Rural Infrastructure Development Fund (RIDF) has increased significantly in the last fiscal. Addressing ... More

PETROLEUM


Oil installations sitting ducks for hurricanes
TROPICAL Storm Cindy and Hurricane Dennis are but the harbingers of a "very active" 2005 hurricane season, with major US oil installations offering themselves as easy pickings for some of these destructive weather systems. The hurricane season ... More

River route passes through Bangladesh — Numaligarh Refinery evacuating petro products through barges
NUMALIGARH Refinery Ltd in Assam has started evacuating petroleum products by the river route that passes through Bangladesh. The first consignment of 1,450 tonnes of diesel by barge arrived a few days ago at the Budge Budge oil jetty of the ... More

Launch of pilot scheme for PDS kerosene deferred to Oct
The scheme aims to ensure that the subsidised product is made available to the intended consumers. More

PHARMACEUTICALS


PMO working on pharma policy
IN an attempt to develop a world-class pharmaceuticals industry, the Prime Minister's Office (PMO) is working on a policy for the sector. According to a note prepared by the Planning Commission Chairman, Mr Montek Singh Ahluwalia, and forwarded ... More

Hope for Indian drug cos blacklisted in Nigeria
THE shadow of counterfeit drugs cast over 14 small Indian drug companies selling in Nigeria may may be lifted soon. "I am confident that most of the companies that were on the blacklist will be cleared and allowed to sell in their market," Mr ... More

POWER


Dabhol lenders enter into settlement deal with Bechtel
THE Dabhol settlement programme has crossed another milestone with lenders entering into a settlement deal with Bechtel. A payment of $160 million is involved, a figure over which there is no dispute, Mr V.P. Shetty, Chairman of IDBI, told ... More

TEXTILES


Ministry expects 25 pc growth in textile exports
THE Ministry of Textiles expects textile exports to post a 25 per cent growth this year and it pins its hopes on the upbeat mood being seen in the manufacturing sector, which is in the thick of modernising its production line. Though the data ... More

Centre may ease norms for release of capital subsidy for textile parks
THE fund droughtfaced by the promoters of textile weaving parks in bringing seed capital may ease, if the decision of the Ministry of Textiles to change the norm in releasing of capital subsidy from back-ended into upfront is translated into ... More

Clubbing of Central schemes for textile parks promotion in 2 months
THE amalgamation of various Central incentive schemes for promotion of textile infrastructure parks across the country will be achieved within the next two months, according to Mr R. Poornalingam, Secretary, Ministry of Textiles. "The Cabinet ... More

Madurai Co-optex sales target
MADURAI: The Madurai region of Co-optex has fixed a retail sales target of Rs 11 crore for the current year as against Rs 7.87 crore achieved during the last year. According to the Regional Manager, Mr A. Durairaj, suitable marketing ... More

COAL


`If stocks had moved from pitheads, there would not have been shortage' — Mr Shashi Kumar, Coal India Chairman
The power sector had been complaining of coal shortage for the past few months. Coal India Limited (CIL), with its seven coal-producing subsidiaries and one for mining planning and development, is the largest coal company in the world. The ... More

EDUCATION


More student exchange programmes at ISB
THE Indian School of Business (ISB) has increased the number of its international student exchange programmes for the current academic year and has invited B schools from 11 countries to participate in the exchange programmes. Recently, ISB ... More

PAPER, BOARD & NEWSPRINT


`Paper industry needs $8 b investment'
THE Indian paper and paperboards industry requires investment of about $8 billion over the next 10 years to augment additional capacity of about 5-6 million tonnes per annum, according to Mr Kasi Viswanathan, President of Indian Pulp and Paper ... More

BIO-TECH & GENETICS


Legislation likely to commercialise biotech discoveries
THE Government plans to come out with a legislation to pave the way for commercialisation of technologies discovered by Indian universities and research institutions to create a strong domestic biotech industry. Inaugurating the Assocham ... More

DISINVESTMENT


FICCI concerned over Left's stand on divestment
THE Federation of Indian Chamber of Commerce and Industry (FICCI) has expressed concern over the possible derailment of disinvestment of PSUs. It urged the Left parties to re-consider their position on the modalities of PSU divestment and ... More

RURAL DEVELOPMENT


`Village knowledge centres vital for rural development'
The National Alliance intends to create an information kiosk network that would connect village level communities to the Government functionaries or to the market. More

Call to include micro-finance in district credit plans
THE former Chairman and Managing Director of Syndicate Bank, Dr N.K. Thingalaya, has said that micro-finance should be included in the district credit plans. Speaking at the inauguration of the new premises of Nabard's regional training ... More

EXPORTS & IMPORTS


Govt to authorise more entities for gold imports
THE Government has finally made up its mind on further liberalising gold imports by authorising more entities to import in addition to the current list of some 17 agencies that include Government parastatals, star trading houses, and banks. The ... More

NATURAL CALAMITIES


AP yet to assess rain damage
THE State Revenue Minister, Mr Dharmana Prasada Rao, today said the State has not yet assessed the total damage caused by heavy rains over the last three days. The Government is in the process of obtaining details from the districts affected ... More

TOURISM


Sania, Gopichand to plug Buddhist sites in AP
WHEN Sania Mirza, the teenage tennis sensation from Andhra Pradesh, goes on her next sports tournament, she would promote AP Tourism. She and former All-England Badminton Champion Pullela Gopichand have been roped in by the Andhra Pradesh ... More

A tourism mantra for Kerala: Just be yourself!
CULTURAL and environmental tourism are the new growth areas globally, and Kerala is well positioned to capitalise on this trend, said Ms Jenny Shipley, former Prime Minister of New Zealand. Ms Shipley, who visited Kerala recently, told ... More

Tourism Australia sets sights on India
WITH an increase of 22 per cent in tourist arrivals from India in 2004, Tourism Australia has sharpened its focus on the Indian market with a greater marketing and promotional spend. Ms Maggie White, Regional Manager, South and South East Asia, ... More

ECONOMIC OFFENCES


Meet on corruption in Hyderabad
HYDERABAD: The State Governor, Mr Sushil Kumar Shinde, will inaugurate a seminar on "Towards a corruption free India," here on Wednesday. The Central Vigilance Commissioner, Mr P. Shankar, and his predecessor, Mr N. Vittal, will also ... More


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Top Stories
Oilseeds crop hopes hinge on more rains


Oil installations sitting ducks for hurricanes

Even chances for a `break monsoon'

Ministry expects 25 pc growth in textile exports

Free trade pacts turning a tool to dump spices

You can go mobile on flights soon!

PMO working on pharma policy

In Focus

BHEL Disinvestment
China's 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
Jul. 3-Jul. 9
India, US to explore tie-ups in earth observation, space communication

June rainfall deficit estimated at 15 pc

Fitness equipment sector in fighting fit shape

Banks asked to adopt policy for risk exposure to real estate sector

Table Employment Guarantee Bill in monsoon session: Left

South Gujarat in troubled waters

International design award for desi slippers

Per capita cereal consumption drops 20 pc

Assocham moots measures to boost ad outsourcing in India

Hardware exports touch Rs 8,000 cr in 2004-05: ESC

NHAI awards Rs 580-cr project to Gammon consortium

India's '03 trade GDP ratio at 30 pc: WTO

Cement majors post 10 pc rise in June shipments

India, Myanmar may bypass Bangladesh for gas pipeline — Other options to be explored

China tunes in to Philips' tele-medicine project

Marathwada, Telangana regions to witness rainfall over the weekend

34 pc above normal rainfall in one week

Gems & jewellery exports seen growing 15% this fiscal

Dabhol issue: Bechtel team heads to London for talks with Indian lenders


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