The Hindu Business Line : Saturday, October 08, 2005

Mid-year review of duty on 2 chemicals initiated
THE Designated Authority in the Commerce Ministry has initiated mid-year review of anti-dumping duty imposed on imported D (-) Para Hydroxy Phenyl Glycine Methyl Potassium Dane Salt (PHPG Dane Salt) and D (-) Para Hydroxy Phenyl Glycine Base ... More

ECONOMY

Costlier fuel pushes up inflation further
THE annual Wholesale Price Index-based inflation rose 3.97 per cent during the week ended September 24, accelerating from the previous week's annual rise of 3.75 per cent. The increase on the year-on-year inflation was largely on account of a ... More

Uncollected revenue by AP Govt amounts to Rs 3,672 cr: CAG report
THE uncollected revenue by the end of 2004 amounted to Rs 3,672 crore in Andhra Pradesh and of this about Rs 1,495 crore was pending for five years, according to a report of the Comptroller and Auditor General of India (CAG). The CAG in its ... More

Lecture on Indian economy at Nitte in Udupi dt
MANGALORE: Dr M. Govinda Rao, Director of National Institute of Public Finance and Policy, has said that macro-economic stability is essential for the economic growth of the country. A press release by the Justice K.S. Hegde Institute ... More

Govt clears projects worth over Rs 96,000 cr in April-Sept
THE Government has cleared projects worth involving an outlay of more than Rs 96,000 crore during April-September. The projects are in a wide variety of sectors including power, steel, coal, textiles, an official spokesperson said here on ... More

ENGINEERING

Despite cheap imports, machine tools sector bullish on prospects
THE booming manufacturing sector has kicked up demand for domestic machine tools and the industry has recorded a 30 per cent growth in the last three years. But the flip side is that rising imports have denied the domestic machine tool companies ... More

ENVIRONMENT

`Govt must help in promoting electric vehicles'
THERE is a need to create awareness on the importance of using electric vehicles among policy-makers, people's representatives and the public, according to electric vehicle manufacturers. A day-long meeting was organised by the ASCI's ... More

HEALTH

Health factors seen driving demand for rice bran oil
IN the last five years, production of rice bran oil has trebled. Currently, rice bran oil production in the country is six lakh tonnes (lt) - 4.8 lt of it edible - but the solvent extraction industry sees a potential for its production to ... More

INFRASTRUCTURE

Speed up infrastructure at Tuticorin port: CII
INFRASTRUCTURE at the Tuticorin port should be enhanced on a fast track to make it a hub port, according to the Confederation of Indian Industry (CII). Along with the speedy implementation of the Sethusamudram Ship Canal Project, the ... More

KASSIA to develop new industrial estate
THE Karnataka Small-Scale Industries Association (KASSIA) proposes to develop a new industrial estate exclusively for relocating existing units facing regulatory problems such as pollution control norms and for expansion of the units. Unlike ... More

PETROLEUM

Will these waits end by Monday?
People queuing for LPG cylinders in Guwahati on Friday. The shortage of LPG is making life difficult for the people in some regions of the country. The Petroleum Minister, Mr Mani Shankar Aiyar, had said in New Delhi the other day that the ... More

POWER

`Broadband via power lines soon'
ELECTRICITY lines might soon bring broadband into your premise. At the Intel Developer Forum, a two-day event held at Bangalore, Intel announced that trials were being held to test this concept in India. Power lines can be used to transfer data ... More

TAXATION

Repair of computer software to attract service tax
THE Government has said that maintenance, repair or servicing of computer software would attract service tax. A circular to this effect has been issued on Friday, a senior Finance Ministry official said. With the issuance of this circular, the ... More

TEXTILES

China's success mantra in textiles: Stand by clients
The Chinese shippers offer of export trade facilitations in product flexibility, flexibility in sourcing and standing by the buyers in ironing out difficulties with the products they bought. More

`Tone up technical training facility in garment industry'
The study shows that less than 6 per cent of the workforce has had formal institutional training and particularly at the supervisory level, it is only around 2 per cent. More

EDUCATION

Cabinet approves non-lapsable fund creation for education cess
The fund will be non-lapsable and the receipts from the cess would be available on a rollover basis for financing elementary education and mid-day meal scheme. More

New ICFAI Vice-Chancellor
Hyderabad: The Institute of Chartered Financial Analysts of India (ICFAI) University, Sikkim, has announced that Mr B.V. Rama Rao, has been appointed its Vice-Chancellor. Mr Rao is former Chief Secretary to the Andhra Pradesh Government ... More

ELECTRICAL GOODS

Irregular silicon steel supplies to transformer makers — MMTC to enter into long-term contracts with foreign firms
Transformer manufacturers have been badly hit by the irregular supplies of the specialised steel and its increasing prices. More

FOREIGN DIRECT INVESTMENT

Ministries differ over FDI in tobacco processing
INTER-GOVERNMENTAL differences have cropped up on the issue of allowing foreign direct investment (FDI) in tobacco processing. While two Central Ministries are in favour of a proposal from the US-based Universal Leaf Tobacco Company for ... More

Left parties hit out at Mulford's speech
THE Left parties that are providing outside support to the United Progressive Alliance (UPA) Government have taken serious note of the US Ambassador, Mr David C. Mulford's statement on foreign direct investment (FDI) in the insurance ... More

Volkswagen team to visit AP for talks
A TEAM from the German automotive major Volkswagen AG is set to visit Hyderabad on October 13-14 to discuss with the State Government their plans and to possibly finalise a memorandum of understanding. The State Major Industries Minister, Dr J. ... More

WTO

Inclusion of co secretarial services under WTO — ICSI asked to muster support from sister institutes abroad
THE Institute of Company Secretaries of India (ICSI), which is building grounds for inclusion of company secretarial services as a separate professional class under the World Trade Organisation (WTO), has stepped up its efforts for the purpose. ... More

RURAL DEVELOPMENT

Rural connectivity: Low-cost tech leads the way
SMALL projects with low cost innovative technologies are making waves when it comes to rural communication. Be it the Warana project in Maharashtra or the Akshaya project in Kerala or DakNet, the huge success of these pilot projects is showing ... More

HUMAN RESOURCES

`Human capital vital for making India a developed nation'
THE role of human capital in the country's economic development was highlighted at the inauguration of the silver jubilee conference of the Mangalore chapter of National Institute of Personnel Management (NIPM) here on Friday. Delivering the ... More

EVENTS

In Hyderabad today

Engagements

INCOME TAX

I-T tribunal bench at Madurai sought
THE Tamil Nadu Chamber of Commerce and Industry has emphasised the need for an Income-Tax Tribunal Bench here. This has become necessary in view of the fact that a Bench of the Madras High Court has already been set up here to cater to the ... More

EXPORTS & IMPORTS

OBU credit for EOUs — Commerce Ministry presses case for parity with SEZs
THE Commerce Ministry is to take up with the Reserve Bank of India (RBI) the issue of allowing offshore banking units (OBUs) to extend credit to the export-oriented units (EOUs) on the same terms and conditions as applicable to units in the ... More

VENTURE CAPITAL

Draper plans to float India-specific fund
DRAPER Fisher Jurvetson (DFJ), a $3-billion venture fund from the US, is planning an India-specific fund with investments size ranging between $100-200 million. To be spread over the next four years, the fund will support start-ups and new ... More

CARTOON