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Friday, August 19, 2005
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INDUSTRY & ECONOMY

EMPLOYMENT


Employment guarantee Bill introduced in LS
A BILL seeking to guarantee 100 days of employment to every rural household in a year was taken up for consideration in the Lok Sabha on Thursday, with the Congress President, Ms Sonia Gandhi, saying the measure would fulfil one of the biggest ... More

`Competition in financial sector has raised job opportunities'
INCREASING competition in the financial sector has fuelled a growth in job opportunities, with organisations in need of professionals with specialised skills, said the IFMR Director, Mr R. Kannan, delivering a BL Club lecture at the Meenakshi ... More

CLIMATE & WEATHER


El Nino unlikely to occur till March
EL Nino, a phenomenon that leads to rise in the Pacific Ocean temperature and consequent dry weather and drought, is unlikely to occur at least until March next. According to the Australian Bureau of Meteorology, the Southern Oscillation Index, ... More

`Weak monsoon' watch holds as rain lashes east
THE eastern parts of the country, especially sub-Himalayan West Bengal, Sikkim and Uttaranchal, experienced heavy rainfall on a day when the western disturbance showed signs of petering out and the western end of the monsoon trough retreated to ... More

NON-CONVENTIONAL ENERGY


Nod for panchayat windmill
MADURAI: The Levingipuram panchayat in Tirunelveli district is set to become the first civic body in the State to own a windmill and generate electricity. Situated on the border of Tirunelveli and Kanyakumari districts in a viable windy ... More

ECONOMY


`Bonding' with black money
WITH the Left and its allies reluctant to allow divestment in BHEL and other public sector undertakings, hopes of realising about Rs 10,000 crore have been shattered, and the United Progressive Alliance Government will be left to devise other ... More

Andhra Pradesh women self-help groups' success `remarkable', says Wolfowitz
IMPRESSED by the "remarkable success" of women self-help groups (SHGs) in Andhra Pradesh, the World Bank has said that the model could be replicated in other States in India and in other countries. Addressing a press conference here on Thursday ... More

Move people from agriculture to manufacturing: Murthy
THE Chief Mentor of Infosys Technologies Ltd, Mr N.R. Narayana Murthy, on Thursday said India should move people from the agricultural sector to manufacturing and services sectors, and stressed the need for an economic model where 30 per cent of ... More

`World Bank does not impose conditions'
THE World Bank has denied the criticism that it imposes conditions on countries while extending loans. Mr Paul D. Wolfowitz, President of the World Bank, said the Bank wouldn't tell countries how to run their business. The World Bank would ... More

`World Bank will help India achieve development goals'
THE World Bank President, Mr Paul D. Wolfowitz, has said, "India is rapidly emerging as a country of global importance and we are seeing its footprint across the world now in new and exciting ways." "I am here to learn from your model of ... More

EXCISE AND CUSTOMS


More banks may get to collect customs duty
THE Central Board of Excise and Customs (CBEC) is in talks with the Principal Chief Controller of Accounts to allow more banks to collect customs duty on imports, a top Finance Ministry official has said. "We are trying to address the problems ... More

HEALTH


Corporate fund planned to fight AIDS in India
To check the spread of AIDS, the US has joined hands with the National AIDS Control and representatives of the private sector. A corporate fund is being planned for this purpose, according to Dr David C. Mulford, US Ambassador to India. The ... More

INFRASTRUCTURE


Sabarimala development work to begin on Sunday
THE Principal Secretary to the Prime Minister, MR T.K.A. Nair, will inaugurate the launching of the first phase of the Sabarimala developmental projects at Nilakkal on August 21. Mr G. Raman Nair, President of Travancore Devaswom Board, said ... More

PETROLEUM


Petro products exports may dip: Aiyar
The Petroleum Minister, Mr Mani Shankar Aiyar, today informed the Lok Sabha that exports of petroleum products might decline in the current fiscal compared to the previous year. The estimated export of petroleum products during 2005-06 is ... More

Temporary LPG shortage in some areas: Aiyar
THE Petroleum Minister, Mr Mani Shankar Aiyar, informed the Lok Sabha on Thursday that the public sector oil marketing companies have reported that there is no shortage of domestic liquefied petroleum gas (LPG). He, however, clarified that ... More

POWER


Power distribution losses cut by 6 pc
SAVING energy is as important as generating it, said the Electricity Minister, Mr Aryadan Muhammed. Inaugurating a workshop on `best practices in energy conservation', organised by the Thiruvananthapuram-based Energy Research Centre of the ... More

TAXATION


Kerala restores tax sops to defence canteens
THE Kerala Government has decided to restore tax concessions on sales at defence canteens in the State from Friday. The Finance Minister, Mr Vakkom Purushothaman, said here on Thursday that 50 per cent reduction in sales tax on liquor and 50 ... More

Bengal concern over small rise in tax revenues
THE West Bengal Government will, in the coming months, try to address what Mr A.K. Deb, Chief Secretary, described as a "disturbing" issue - a relatively modest increase in tax revenues despite a noticeable increase in production. West ... More

SSI


SME-CIP to promote global collaborations
APITCO has formally launched a Centre for Promotion of International Partnerships among the Small and Medium Enterprises (SME-CIP), as a part of its long term efforts to promote international collaborations. Speaking at a news conference, its ... More

WATER


Rs 400-cr package for urban drinking water projects in AP
THE State Government plans to invest about Rs 400 crore to improve infrastructure in urban local bodies with special thrust on drinking water supply. Reviewing the progress of these water projects at a meeting here on Thursday, the Chief ... More

Rainwater harvesting scheme
BANGALORE: As part of its community development programme, United Breweries Ltd has launched a rainwater harvesting project in Palakkad district. The company has identified rainwater harvesting and a drinking water arrangement at ... More

RADIO/TV


FICCI seeks changes in FM radio policy
THE radio industry is seeking some more changes in the recently announced policy for the sector that includes changing the net worth criteria to paid-up capital requirement, permitting mergers and acquisitions after three years of operation ... More

MEDICAL INSTITUTIONS & HOSPITALS


Manipal Hospital unveils telemedicine unit in Mauritius
MANIPAL Hospital today announced the launch of its first telemedicine unit outside India. The unit has been set up at Cliniq Du Nord, the largest hospital in Northern Mauritius and will offer medical solutions in the space of telemedicine / ... More

PRECIOUS METALS


Dubai gold bourse in membership drive
DUBAI Gold and Commodities Exchange (DGCX) announced that it has received an overwhelming response in exchange membership, with over 230 applications, since it opened up for membership less than two months ago. DGCX is a joint venture between ... More

MINERALS


Tata Steel vs POSCO - A tale of two MoUs
THE Orissa Government has offered the South Korean steel major POSCO superior terms to persuade the latter to set up a steel plant in the State than the ones on which it got the Tatas to do the same, documents available with Business Line ... More

FOREIGN DIRECT INVESTMENT


FDI in wholesale: Many players, but low inflows
WHILE experts continue to debate on the prospect of foreign direct investment in the retail trading sector, the lure of profit is already drawing foreign firms in hordes to invest in the wholesale trading sector where 100 per cent FDI is already ... More

WTO


WTO trade facilitation talks: `Address concerns of exporters in developing countries'
THE ongoing negotiations in the World Trade Organisation (WTO) on trade facilitation must address the concerns of exporters in developing countries since the current conditions suggest strong handicaps for the developing world, the Union Minister ... More

IPR


`India must improve IPR record to attract American investments'
INDIA should try to improve its maintenance of intellectual property rights (IPR) if it wants to attract more American investment in the biotechnology, pharmaceutical and clinical research sectors, Dr David C. Mulford, US Ambassador to India, has ... More

RURAL DEVELOPMENT


Girijan Co-op seeks Rs 59-cr Central aid
THE Girijan Co-operative Corporation Ltd (GCC) here is planning to introduce several herbal products in the market and has sought financial assistance of Rs 59 crore from the Union Tribal Welfare Department to step up its activities and help ... More

Nabard sets Rs 3,570-cr target for agriculture in Bengal
NATIONAL Bank for Agriculture and Rural Development (Nabard) has estimated a potential of nearly Rs 8,000 crore for ground-level credit flow in West Bengal for the current fiscal. A target of Rs 3,570 crore has been set for financing in ... More

HUMAN RESOURCES


Flying in the face of change
Nearly 32 per cent of jobseekers online are looking for new challenges at work rather than higher pay. More

EVENTS


Centre plans development fund, bank for food processing sector
THE Government is exploring possibilities of setting up an export market development fund and a dedicated financial institution, an agri-business Processing and Development Bank of India, to support agro-based food processing industry, according ... More

Workshop on algorithms at Thiruvananthapuram
THIRUVANANTHAPURAM: The Indian Institute of Information Technology and Management - Kerala (IIITM-K) is organising a two-day workshop on `Analysis and Design of Algorithms' on August 26 and 27 at Travancore Hall, Technopark. An earlier ... More

NATURAL CALAMITIES


Bitter medicine
With the floodwaters destroying huge stockpiles of medicines, Mumbai fights a grim battle against the outbreak of diseases. More

IFFCO-Tokio puts Mumbai flood losses at Rs 137 cr
IFFCO-Tokio (ITGI), a joint venture between Indian Farmers Fertilisers Cooperative Ltd and The Tokio Marine and Fire Insurance, has suffered losses worth Rs 137 crore in the recent Mumbai floods. Mr Ajit Narain, Managing Director and Chief ... More

Maharashtra sends interim report to Centre on floods
THE Maharashtra Government has sent an interim report to the Union Government seeking a package of Rs 8,576 crore in view of the floods. In addition, it is also seeking Rs 2,400 crore for Mumbai city, said the Chief Minister, Mr Vilasrao ... More

ALTERNATIVE MEDICINES


UK warnings against Indian herbal products
MANUFACTURERS of ayurvedic and unani medicine in India have started feeling the ripple effect. After Health Canada issued warnings against certain products, Britain's Medicines and Healthcare products Regulatory Agency (MHRA) has advised ... More

TOURISM


Workshop on managing heritage sites begins
A FOUR-day workshop on the management and conservation of heritage sites got under way here on Thursday. Part of the `Training series on the management and conservation of world heritage sites' from the United Nations Institute for Training And ... More


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In Depth

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Looking back
Aug. 7-Aug. 13
Share of readymades up in rural clothing

`VAT impact on Q1 PC sales only incidental'

Flooded warehouses: Tough task for companies

Govt concerned over spiralling fuel prices: Aiyar

Indian shrimp prices slide in US market

Indo-Pak trade up 76 pc in 2004-05

Pesticide content issue — Pepsi, Coke move SC on Rajasthan HC directive

Rains rescue kharif oilseeds from gloom

Gems and jewellery sector favourite with FIIs: study

Monsoon revival subdued as `weak phase' continues

Hotel stocks attract interest

Transmission line project — CERC says no to PowerGrid's appeal for higher outlay

IVRCL to set up desalination plant near Chennai

Car sales skid 11 pc in July

Palm oil is not a saturated fat, say scientists


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