|
|
Jewellery exhibition NEW DELHI, Oct 19: The four-day-long last jewellery show of the millennium, which gets underway here from October 22, will not only give an opportunity to domestic and overseas companies to showcase their products.....more
Badal
urges PM’ MOGA, Oct 19: Punjab Chief Minister Parkash Singh Badal has urged .....more China urges closure of old coal-fired power plants BEIJING, Oct 19: China has urged cities to shut down old coal-fired plants . ...more |
 |
Indian jute industry for CALCUTTA, Oct 19: Indian jute industry has demanded a level playing field ...more BARC
setting up NEW DELHI, Oct 19: Bhabha Atomic Research Centre (BARC) is setting up ..more SBT
moves tribunal MUMBAI, Oct 19: The debt recovery tribunal for Maharashtra and Goa has ....more
Kumarmanglam
NEW DELHI, Oct 19: Power Minister P R Kumaramangalam...more |
 |
Jewellery exhibition from Oct 22 NEW DELHI, Oct 19: The four-day-long last jewellery show of the millennium, which gets underway here from October 22, will not only give an opportunity to domestic and overseas companies to showcase their products but will also provide platform for them to interact with one another. More than one lakh designs in gold and diamond will be displayed and a number of mous are expected to be signed at the Delhi International Jewellery and Watch Exhitition, being organised by the International Trade and Exhibitions Group (ITE) and supported by the World Gold Council (WGC). DIJE is always staged 16 days before Deepavali to benefit from the peak festival shopping and to establish a constant interaction between trade and the consumers. Under the aegis of Italian Trade Commission, a workshop for the renowned Italian jewellers is being arranged at the venue. More than 35 Italian participants from Tuscany and other region of Italy will attend the workshop. Italian Trade Commissioner in India Giorgio Pietropaoli said the "workshop is a positive and a direct step to generate business benefitting both the countries." Besides Italy, exhibitors from Fiji, Turkey, Pakistan, Nepal, the United States of America, Germany, Armenia, Japan, Singapore and Hongkong are also taking part in the jewellery show. ITE Managing Director and convenor of the event, Mr Mukesh Sharma said in a statement here today that "DIJE’99 will provide a stronger platform, as it has already attracted greater international confidence which has been reflected in the increased global participation last year and ITE will also promote jewellery shows in London, Canada and New Yorks shortly." DIJE’98 had attracted more than one lakh visitors and over 1.20 lakh designs in gold, platinum and stones were on display. (UNI) |
|
Badal urges PM’ to withdraw hike in diesel prices MOGA, Oct 19: Punjab Chief Minister Parkash Singh Badal has urged Prime Minister Atal Behari Vajpayee to withdraw the hike in diesel prices saying that it would adversely affect the interest of the farmers. Mr Badal while talking with the media persons here last evening said that he alongwith the Haryana Chief Minister Om Parkash Chautala during their recent visit to New Delhi met the Prime Minister and urged him to reconsider the decision and withdraw the hike. It reply to a question, Chief Minister charged the previous Congress Government with shattering the state’s economy and said it was not proper to blame the present Government for financial crisis. Mr Badal said his Government was doing its best to come up to the expectations of the people and would soon unfold a package of development. (UNI) |
|
China urges closure of old coal-fired power plants BEIJING, Oct 19: China has urged cities to shut down old coal-fired plants and industries to restrict sulphur dioxide emissions, which causes acid rain, the official China daily reported today. Authorities may close small coal plants which have been running for more than 25 years and unlicensed coal mines. Mines producing high-sulphur coal would be restricted, it quoted a state environment protection administration official as saying. Some 80 per cent of major industrial firms would have to reduce sulphur dioxide emissions to meet state standards, the official said. Cities would be required to renovate industries and map out pollution control programmes before 2000, the official added. Coal accounts for around 75 per cent of China’s energy production and is the main cause of sulphur dioxide emissions, which causes acid rain to fall on 40 per cent of China. Acid rain ruins crops, forests and buildings, the newspaper said. China would take measures to replace coal with cleaner fuels, including natural gas, the official said. (REUTERS) |
|
Indian jute industry for competing with Bangladesh CALCUTTA, Oct 19: Indian jute industry has demanded a level playing field to compete with the jute manufacturers of Bangladesh, which according to them is enjoying double benefit of subsidy in their own country and tariff concession from India. Indian Jute Mills Association (IJMA) chairman Sanjay Kajaria said heavily subsidised Bangladesh jute manufacturers were flooding Indian market causing considerably harm to domestic industry and recent increase in tariff concession to 60 per cent from 50 per cent by the Finance Ministry has aggravated their vows. Mr Kajaria said with the increase in concession by Indian Government in line with SAARC agreement, the Bangladesh jute products are now being allowed to be imported at an effective rate of only 16 per cent duty whereas the standard rate of duty is 40 per cent on all jute products, including jute bags and jute clothes. The IJMA has requested the Ministry of Textiles that pending withdrawal of the tariff concession on jute manufacturers of Bangladesh origin and imposition of anti-dumping duty, the jute (licensing and control) order, 1966 may be suitably amended so that no importer of jute manufacturers could sale or dispose of such stock from his warehouse except under and in accordance with a written direction from jute commissioner. Incidentally, the IJMA suggestions were based on reports that Union Food Ministry has recently decided to implement sugar (control) amendment order, 1999, which would subject imported sugar to the monthly release and stocking limit mechanism. Mr Kajaria said Bangladeshi manufacturers were already heavily subsidised and increase in tariff concession would do a considerably harm to domestic industry, which according to him is passing through a difficult stage. He said through the grant of 50 per cent tariff concession to Bangladesh earlier was not at all justified on commercial and economic consideration and by allowing another ten per cent concession, the very foundation of the Indian jute industry has been struck. This will encourage Bangladesh not not only to dump jute bags and cloth into the Indian market at throw away prices, but will also strike the death knell of the Indian jute industry, he said. Mr Kajaria further alleged that Bangladesh has been dumping jute goods in the world market at prices well below the cost and even its Finance Minister S A M Kibria, while presenting the national budget for 1999-2000, has made an open announcement disclosing that international prices of jute was 30 per cent lower than the cost of production in Bangladesh. The difference between the selling price and the cost of production were being made up by Jute Sector Adjustment Credit (JSAC) programmes introduced by the World Bank under which Bangladesh received 9.46 billion taka in the form of loss financing from 1992 to 1997. (UNI) |
|
BARC setting up Electron Beam Centre NEW DELHI, Oct 19: Bhabha Atomic Research Centre (BARC) is setting up an Electron Beam Centre in Mumbai where small particle accelerators, which have wide industrial applications, would be made available to the industry, its director Anil Kakodkar has said. The Centre would help the industry make investment decisions in the field, Kadodkar said while delivering a talk on ‘peaceful uses of nuclear energy’ here yesterday. Accelerators - devices that accelerate electrically charged atomic or subatomic particles like electrons and protons to higher energies - could be used in metal heating, production of strong X-rays, manufacturing floppy disks, preparation of lubricants, polymerisation reactions in chemical industries and food preservation, he said. Though nuclear reactors are currently the most important tools for technological applications, especially energy related ones, accelerators will become major technology tools in future, Kakodkar said. He said BARC had no plans as yet to use nuclear energy to power rockets and ships and produce hydrogen the way Japan and other developed nations were doing. Though India was self-sufficient in developing materials for reactors, a comprehensive technology plan for all aspects of reactors was needed, especially if we have to move toward high temperature reactors, he said. (PTI) |
|
SBT moves tribunal against
Lloyds Steel MUMBAI, Oct 19: The debt recovery tribunal for Maharashtra and Goa has appointed Commissioner of the court to take inventory of the properties belonging to Lloyds Steel Industries for the company’s alleged failure to repay credit facilities amounting to Rs 46.85 crore to State Bank of Travancore (SBT). The presiding officer of the Tribunal, V D Deshmukh, yesterday appointed Ketan Chetan as the Commissioner of the court to visit the company premises at Murbad, near here, for taking stock of all the goods hypotheticated or mortgaged with the bank. He has been directed to file a report on October 29. Meanwhile, the tribunal has restrained Llyods Steel Industries from transferring, alienating, creating charge or mortgage on its properties under the impugned transactions. This interim order was issued by the presiding officer under Section 19 (6) of recovery of debts due to Banks and Financial Institutions Act. SBT counsel Nishit Dhruve told the tribunal that the company had availed of credit facilities from time to time in respect of which seperate accounts had been maintained. However, he said, the defendent allegedly committed irregularities while maintaining the credit accounts and failed to make payments to the bank. The bank prayed that the company was liable to pay Rs 3.21 crore towards medium term loan, Rs 32 crore towards cash credit facility, Rs 10.61 crore towards working capital demand loan and Rs 65 lakhs towards bank guarantee limit, all of which carried an interest of 18.32 per cent per annum. (PTI) |
|
Kumarmanglam to lead Indian team for E-Asis summit NEW DELHI, Oct 19: Power Minister P R Kumaramangalam, is leading a team consisting of top Indian industrialists coordinated by the Confederation of Indian Industry (CII) to the East Asia economic summit being organised by the World Economic Forum, Geneva. The high powered CII team includes senior industry leaders such as Mr Jamshyd N Godrej, Managing Director, Godrej and Boyce Dr J J Irani, Mananging Director, TATA Iron and Steel Co Ltd Mr Vinay Rai, Chairman and Managing Director, Usha (India) Ltd among others. Mr Tarun Das, Director General, CII will address the session on "Asia’s corporate performance: Meeting the demands of globalisation" October 20 at the summit. The summit, which is being organised in partnership with the Singapore Economic Development Board from October 18-20 would provide a unique platform for business leaders from Asia and from the rest of the world to identify the new opportunities for business cooperation. The summit would also create an interface between business executives and political leaders from Asia in order to share their perceptions on the significant issues shaping the economic and social environment in the region, according to a press release here. (UNI) |
|
|
