The Hindu Business Line : Thursday, July 13, 2006

ECONOMY
Reforms hobbled by politics
If only Dr Manmohan Singh, a competent economist and honest politician, is allowed a free hand to do his job, he could emerge an efficient administrator. More

`Statutory status will help in better data collection'
The National Statistical Commission (NSC), which commenced operations on Wednesday, plans to leverage on its statutory backing to co-ordinate better data collection. "Earlier, statistical agencies such as CSO and NSS used to face a lot of ... More

Industrial growth at 9.8 per cent on manufacturing boost
Buoyed by a strong 10.9 per cent growth in the manufacturing sector, the country's overall industrial output grew 9.8 per cent in April-May 2006, up from 9.5 per cent in the corresponding period last year. The mining and electricity sectors, ... More

EXCISE AND CUSTOMS
Govt agrees to look into inverted duty structures
Inverted duty structure arises when the duty on the finished product is lower than the duty on raw materials. More

FOREIGN TRADE
Need for greater Indo-Japanese economic ties
There is an urgent need to start negotiations on the economic engagement between India and Japan to bring up the trade level between the two countries to its full potential, said Mr Hideaki Ohmura, Leader of the four member delegation of Member ... More

HOTELS
Marriott coming to Hyderabad
Marriott International, Inc, an NYSE-listed company, will open a Courtyard (one of the hotel brands from the group) hotel in Hyderabad in 2009 under a management agreement reached with an affiliate of Viceroy Hotels Ltd. When opened, the hotel ... More

INFRASTRUCTURE
NHAI to get Rs 504 cr for road widening project in Gujarat
IDAA Infrastructure signs pact More

Top view
NEW FLYOVER: A view of the Indiranagar flyover which was inaugurated by the Karnataka Chief Minister, Mr H.D. Kumaraswamy, in Bangalore on Wednesday. ... More

PETROLEUM
OVL has two more weeks to bid for Rosneft stake
Chances of bidding pretty good, says Petroleum Secretary More

MRPL unwilling to step back from retail biz foray
Company has already made business plans, investments More

PHARMACEUTICALS
Aurobindo drug gets nod
Aurobindo Pharma Ltd has announced that the United States Food and Drug Administration (USFDA) has granted tentative approval for Didanosine tablets (chewable) of strengths 100 mg, 150 mg and 200 mg. In a press release here on Wednesday, the ... More

Aurobindo acquires US facility
Aurobindo Pharma Ltd has acquired a US-based FDA compliant cGMP facility in Dayton in the state of New Jersey from a multinational major. In a press release here, the company said the US facility is spread over 20 acres of freehold land and is ... More

Orchid's ANDA gets USFDA nod
The US Food and Drug Administration has approved the Chennai-based Orchid Chemicals & Pharmaceuticals' Abbreviated New Drug Application of Cephalexin oral suspension, according to a press release from Orchid. Cephalexin, an ... More

STEEL
Essar Steel full-year income up 4.4 pc
Integration makes it among lowest cost steel-makers More

`Steel capacity to rise in 2 years'
Mr Richard Herselman, Consultant at Steel Business Briefing expects steel capacity to increase in the next two years. He believes that steel prices will decline on account of capacity addition. Excerpts of CNBC-TV18's exclusive interview with ... More

TEXTILES
Century plans to downsize workforce in Mumbai mill
Century Textiles and Industries Ltd is planning to downsize its workforce to around 2,000 employees from the current level of 7,000 through a voluntary retirement scheme. The company is also planning to reduce the number of looms in its textile ... More

Allow TUFS till March 2007, say spinning mills
More

Textiles under wages Act urged
The Tamilnadu Joint Action Council of Textile Trade Unions has asked the State Government to bring the textile industry under the Minimum Wages Act. The council in a submission to the Labour Minister, Mr Anbarasan, said that ... More

SSI
Codissia fair generates Rs 760-cr worth business
The next edition of exhibition is to be held in 2008 More

PERSONAL PRODUCTS
The life after
The Goliaths of the FMCG world are busy snapping up the Davids for varied strategic benefits. How do they leverage them? More

TERRORISM
Mumbai gets back to work
The day after serial bombings, the financial capital shows its resilience More

Markets put blasts behind
Sensex jumps 315 points on the back of Infosys numbers; highest close in two months More

Insurance claims process for Mumbai blast victims made easy
Insurance companies have offered a simplified claims processing procedure for victims of the Mumbai serial blasts. LIC said it would waive off investigation of claims in the case of policies of sum-assured up to Rs 2 lakh. The corporation will ... More

FIIs bullish despite blasts
Tuesday's bomb explosions in the country's commercial capital have failed to dampen foreign investors' interest in Indian equity markets. Foreign institutional investors continued to show faith in the Indian stocks, emerging as net buyers to ... More

`Mumbai blasts will not hurt economic growth'
The Finance Minister, Mr P Chidambaram, said on Wednesday that the July 11 Mumbai blasts would not hurt economic growth and that the country's growth story was intact. "These cowardly and dastardly attacks cannot break our will or resolve to ... More

Grave grief, small graces
AT THE HOSPITALS More

Kin of blast victims can claim up to Rs 4 lakh from Railways
The insurance policy is being run by the four public-sector insurance companies but is being administered by United India Insurance. Families can claim up to Rs 4 lakh in the case of death More

Mumbai Police forms 16 teams to track terrorists
The Mumbai police has formed 16 teams to track the terrorists who planted bombs on Mumbai's local trains on Tuesday. Officers with prior experience in bomb-blast investigations will lead these teams. Persons giving authentic information on ... More

Scene of carnage
THE DAMAGED Mahim railway station platform with a portion of its roof blown off in the serial bomb blasts that hit the Mumbai suburban rail network on ... More

India Inc reposes faith in resilience of economy
Even as a series of bomb blasts rocked the financial capital of the country on Tuesday, India Inc has reposed faith in the resilience of the business and the economy. The Confederation of Indian Industry President, Mr R. Seshasayee, said, "We ... More

EDUCATION
TNAU, Mexico's Monterrey Tech sign MoU
Exchange expertise in energy, environment management More

Toonz Academy courses
The Toonz Animation Academy, functioning as part of the Technopark-based Toonz Animation India, is slated to commence its 2D and 3D courses on July 17. A Toonz Animation Academy spokesperson said here that the courses are spread ... More

REAL ESTATE & CONSTRUCTION
Mahindra World City ties up with US co
Master plan for residential, social infrastructure More

INDUSTRY ASSOCIATIONS
CII-TN to create 2 more zones
The Confederation of Indian Industry - Tamil Nadu State Council has proposed the creation of two more CII Zones in the State, at Karur and Tuticorin, respectively. While the Karur Zone would be formed by the year end, the ... More

SCIENCE & TECHNOLOGY
K. Narayana to lead ISRO probe
Mr K. Narayana, former Director of ISRO's Satish Dhawan Space Centre, will head the Failure Analysis Committee that will investigate the failure of the GSLV-F02 mission on July 10. The launcher was to have placed the 2-tonne ... More

WTO
WTO transparency mechanism for RTAs
Members to now consider RTAs on the basis of a presentation by the WTO secretariat More

IPR
Centre for Good Governance secures patents
The CGG has been chosen as technical support services provider for the Governance Reform Programme. More

RURAL DEVELOPMENT
Reliance, Tatas, ITC among 31 projects for rural business hubs
A total of 31 memorandums of understanding have been signed towards the rural business hubs (RBH) project involving Reliance, Tatas, Coco-Cola, ITC, Mahindra and Mahindra and Microsoft among others. RBH is a public-private-panchayat ... More

TRADE & LABOUR UNIONS
Nabard staff observe protest day
Officers and employees of the Kerala region of Nabard kept away from the Nabard foundation day celebrations to highlight various demands. While the delay in implementation of wage revision was one of the major reasons, the ... More

SUPPLY CHAIN MANAGEMENT
Rlys mulls permitting pvt players to manage warehouses
Bidding may be done on the basis of traffic assured by operators More

INCOME TAX
National income-tax network likely by Jan
Site preparation work on the second phase of the all-India income-tax network is said to be almost ready, with all loose ends expected to be tied up by November. Work is also on in full swing to set up the all-India annual information returns ... More

EXPORTS & IMPORTS
Restore sops under `Target Plus Scheme'
Reduction in the incentive for exporters under the "Target Plus Scheme" by the Directorate-General of Foreign Trade (DGFT) with retrospective effect will adversely impact them, according to the Confederation of India Industry ... More

TOURISM
Alappuzha resort set to receive boat race buffs
To cash in on the ensuing boat race season in the southern part of Kerala, Lake Palace Resort in Alappuzha is rolling out attractive packages for tourists to experience the backwater fiesta. Currently, there are about 5-6 boat races including ... More

Tourism sector virtually unaffected
Flights operations on as per schedule More

STANDARDS & BENCHMARKS
Accreditation for Monsanto India's seed testing lab
Monsanto India Ltd's Seed Testing Laboratory in Bellary, Karnataka has been awarded an accreditation certificate from the International Seed Testing Association (ISTA) for high standards in seed purity. According to a press release, this ... More