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Wednesday, November 16, 2005
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


`Low' taking shape over Bay
THE persistent cloudiness observed over the past few days over the southeast Bay of Bengal have settled down to an area of low pressure, with prospects of moving in a west-northwest direction. Dr Akhilesh Gupta of the National Centre for ... More

NON-CONVENTIONAL ENERGY


Maharashtra to offer 30,000 ha to pvt sector for jatropha cultivation
THE Maharashtra Government is planning to make available 30,000 hectares for jatropha cultivation to the private sector. It is learnt that Reliance Industries has already approached the State Government to get the land allocated for jatropha ... More

AWARDS & HONOURS


Aiyar bags `Stars of Asia' award
THE Petroleum Minister, Mr Mani Shankar Aiyar, has won the `Stars of Asia Award 2005'. The award, constituted by Business Week Asia, honours those who have made significant contributions towards fuelling both economic and political growth. ... More

ENVIRONMENT


`Proposed eco impact assessment, clearance norm will hit growth'
THE OJC Chamber of Commerce has urged the Prime Minister, Dr Manmohan Singh, to scrap the proposed environmental impact assessment and prior environmental clearance or defer its implementation for at least five years. Recently, the Union ... More

FOREIGN TRADE


Sao Paulo keen on tie-ups
THE State of Sao Paulo can be a significant platform for enhancing bilateral trade between India and Brazil, according to Dr Geraldo Jose Rodrigues Alckmin, Governor of Sao Paulo. Addressing a meeting organised by the Federation of Indian ... More

HEALTH


Roche to begin Tamiflu supply by April
Roche will bring in Tamiflu at 12 euros (Rs 640) for 10 tablets, plus customs duty. More

NGO slams public health system in Mumbai
MUMBAI's population has been rising but public health facilities are gradually shrinking. Major casualties of the decline and neglect of public health system are the masses, Lokshahi Hakk Sanghatana, a democratic rights organisation, said in ... More

Philips telemedicine kits
MADURAI: Electronics major, Philips is considering supplying additional telemedicine equipment to rural areas in its efforts to serve more people there. Currently, it is implementing a pilot project in Theni district in association with ... More

PETROLEUM


Petro goods: Finance Ministry urged to restore excise on end price
The issue arose after excise authorities started calculating the excise duty on the transfer price and not on the end price. More

Ecologists concerned at move for refinery, SEZ in Kakinada
THE Centre for Environment here has expressed concern over the ecological implications of the proposal of the State Government to set up a special economic zone and refinery in the vicinity of Kakinada port and urged the Government to reconsider ... More

POWER


United Bank-led team commits Rs 70-cr loan to Sikkim power co
A CONSORTIUM of three banks led by United Bank of India has committed long-term loan aggregating Rs 70 crore to Sikkim Power Development Corporation Ltd (SPDCL). The deal, structured by SBI Capital Markets, is said to be the first of its kind ... More

Power discoms to instal TOD metering in Karnataka
THE five electricity distribution companies are introducing time of the day (TOD) metering with effect from January 2006 for the benefit of certain categories of consumers' particularly high-tension users. TOD metering refers to a tariff ... More

IPE signs pact with CIRE
HYDERABAD: The Institute of Public Enterprise (IPE), Hyderabad, and the Central Institute for Rural Electrification (CIRE), New Delhi, have signed a memorandum of understanding to collaborate in research, training and consultancy. The ... More

TAXATION


Money spinner
A scene at Walayar check-post near Palakkad on the Kerala-Tamil Nadu border. The Walayar check-post, along with other border check-posts in the State, contributed about Rs 57 crore as sales tax revenue to the State coffers last year. Walayar's ... More

Agarwals see red over Service Tax ad
THE Union Finance Minister, Mr P. Chidambaram, has assured the leaders of Agarwal community that he will look into their plea on, what they termed, derogatory comment on the community in a recent Government advertisement. The assurance came ... More

WATER


Delhi Govt priority for rainwater harvesting
ACCORDING high priority to rainwater harvesting, the Delhi Government on Tuesday said it had made it mandatory for all new buildings taller than 100 mtrs to have facilities for rainwater harvesting. Recharging the groundwater through rainwater ... More

EDUCATION


Pre-school franchises, a growing trend
KIDS - adorable, delightful, and at times annoying... but a source of revenue? Well, apparently so, because the trend of pre-school franchises seems to be growing in India. It's the age group between one-and-a-half and four years that these ... More

UPES campus in Rajahmundry
VISAKHAPATNAM: The first off-campus centre of the University of Petroleum and Energy Studies (UPES), Dehradun, is to be set up in Rajahmundry and the State Government has cleared the project by giving a no-objection certificate. ... More

GEMS & JEWELLERY


To counter synthetic threat — Natural diamond to sport WFDB Mark from June
THE World Federation of Diamond Bourses (WFDB) has decided to introduce the trademark logo `WFDB Mark' for natural diamond by June 2006, to counter the threat posed by synthetic diamond. This was announced at the WFDB President's meet in ... More

REAL ESTATE & CONSTRUCTION


`Withdraw service tax on residential complex construction'
TERMING the levy of service tax on construction of planned residential complexes as a `retrograde step' that would escalate the prices of dwelling units by at least Rs 50 per sq. ft. even for LIG and MIG houses, the Confederation of Real Estate ... More

TN realtors seek single-window system for plan approval
REAL estate promoters in Tamil Nadu want the Government to formulate common Development Control Rules for the entire State, other than Chennai city, to give a fillip to the real estate sector that is witnessing a sustained boom for more than a ... More

PRECIOUS METALS


Silver likely to rule firm on industrial demand
HIGHER fabrication demand due to growth in industrial requirement as also jewellery and silverware, slowing mine production, lower government and scrap sales, and recent resurgence in investment and speculative interest have combined to give the ... More

METALS


Copper hits a fresh high
COPPER hit a new high of $4,126 a tonne (up $21/tonne) in early trading on Tuesday in London. On Monday, the base metals rose by nearly $100 a tonne, amid report of a decline in copper production in Chile, the world's largest supplier. Chilean ... More

INDUSTRY ASSOCIATIONS


CII seeks tax holiday for food processing
THE Confederation of Indian Industry (CII) Committee on Food Processing has urged the Finance Ministry to give a complete tax holiday for the food processing sector. Mr Piruz Khambatta, Chairman, CII Committee on Food Processing, said ... More

Maditssia calls for large industries in southern districts
THE Madurai District Tiny and Small Scale Industries Association (Maditssia) has appealed to the Chief Minister to immediately take steps for bringing large industries to Madurai and other southern districts of Tamil Nadu. Hailing the ITES ... More

GENDER


Business etiquettes for the global Indian woman
GLOBAL Adjustments, the expatriate relocation and cross-cultural services company, will be holding seminars as a part of its Global Indian course, in Chennai and Bangalore. The first, titled `Business Entertaining for the Global Indian Woman', ... More

HUMAN RESOURCES


Indian wages cheaper than Chinese
The Mercer survey found senior managers and professionals in several sectors in China earn more than twice as much as their counterparts in India. More

EVENTS


Govt may make clinical research part of medical college curriculum
THE Government plans to make clinical research part of the course structure at medical schools in the next five years. This was stated by Dr M.K. Bhan, Secretary, Department of Biotechnology. He was addressing the inaugural session of the ... More

Dragon in town
A scene at the Chinese Pavilion at the 25th India International Trade Fair 2005 in the Capital on Tuesday.

More

CII meet on textiles at Hyderabad
HYDERABAD: The Confederation of Indian Industry (CII) will organise a two-day conference on `Textiles - Emerging opportunities and the road ahead' on November 24 and 25 here. The CII teamed up with the State Government to organise the ... More

EXPORTS & IMPORTS


Edible oil imports rise 15 pc in 2004-05 season
IMPORTS of edible oils into the country during the oil season 2004-05 (November/October) have increased by 15 per cent to 50.42 lakh tonnes compared to 43.96 lakh tonnes imported last season. The 10 per cent duty differential between crude and ... More

NATURAL CALAMITIES


Surveyors see flood claims from Chennai, Bangalore at Rs 70 cr
According to insurers, losses in Chennai were more than in Bangalore because the former is a transit point for the transportation of goods and commodities for the rest of southern region. More

TOURISM


Splashing fun
Tourists enjoy a splash in Palakkad's Fantasy Park. An estimated 5,000 domestic tourists visit the State's amusement parks daily. Ticket rates vary from Rs 200 to Rs 500. ... More



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Top Stories
Petro goods: Finance Ministry urged to restore excise on end price


McDowell to raise funds for debt clearance after merger

To counter synthetic threat — Natural diamond to sport WFDB Mark from June

Hybrid capital gaining in significance for banks

Edible oil imports rise 15 pc in 2004-05 season

Kingfisher wants to do own due diligence of Air Sahara — `Valuation is too high'

In Focus

Indian Aviation: Sky is the limit
Stock splits
India Inc's bonus bonanza
Dabhol power regenerated
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Nov. 6-Nov. 12
Chilli pulls down H1 spices export

Ma Foi to convert quarterly employment survey to half-yearly

`India's trade with SAARC region up 19%'

INSAT-4A fully booked — ISRO sees good demand for DTH services

Tea exports likely to be hit as EU sets new residual limits

Oilmeal exports rise on demand from S-E Asia

Govt notifies hike in FDI ceiling in telecom to 74%

Exporters revert to dollar invoices as euro weakens

FMCG cos up adspends to cash in on resurgent growth

US-China textile pact may not affect India: Exporters

Infrastructure: India, US to create stronger investment climate

Heavy rains forecast as low pressure over Bay stays put

Import of sensitive items up 5.2 pc in Apr-Aug period

`Change seen in livelihood patterns in rural areas'

FDI flow into infrastructure projects
Dispute resolution mechanism must: US


High prices take toll on bullion demand

Dip in crude prices, oil bonds may help oil cos post profits

DDT set to make a comeback as malaria control agent


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