Agriculture
Doubts over Punjab model procurement in AP
FOOD economy experts are sceptical about any adoption of the Punjab model of paddy procurement in Andhra Pradesh, as recommended by the Cabinet sub-committee constituted by the State Government to study various options in this regard.
AP set rice, paddy procurement targets
THE Andhra Pradesh Government has set a procurement target of 45 lakh tonnes of rice and 25 lakh tonnes of paddy during the ongoing kharif season routing the procurement through the Food Corporation of India and the Civil Supplies Department.
Airlines
Minor changes in Alliance, IA schedules
AFTER the phasing out of the Airbus A300 B2 aircraft, Indian Airlines, and its subsidiary Alliance Air, have recast their schedule with minor changes from Wednesday, the airlines said in a statement on Tuesday.
Banking and Finance
RBI may not trail Fed move: Jalan
THE Reserve Bank of India (RBI) Governor, Dr Bimal Jalan, today hinted that the Central Bank may not follow the US Federal Reserve's stance of going in for more rate cuts to boost spending.
IDBI likely to recast VC financing business
THE venture capital financing business of Industrial Development Bank of India (IDBI) is likely to be recast with a focus on increasing returns on capital employed.
Breweries
SAB gets majority stake in Rochees
THE $4.2-billion South African Breweries (SAB) has acquired a controlling stake in Rajasthan-based Rochees Breweries Ltd.
Consumer Electronics
Discounts, freebies boost CTV sales
THE fortunes of the colour television (CTV) segment seems to be getting back on the upswing with October CTV sales zooming to 6.2 lakh units, significantly higher than 4.38 lakh units in September. August CTV sales were at 4.6 lakh units.
Corporate
Bharat Puri to head Cadbury India
CADBURY India Ltd has announced the appointment of Mr Bharat Puri as Managing Director with effect from January 1, 2002. Mr Puri joined Cadbury India in 1998 as Director, Sales and Marketing, according to a company release.
CII to open office in Moscow
THE Confederation of Indian Industry (CII) has signed an agreement with the Russian Union of Entreprenuers and Industrialists (Employers) (RUEI) to open its representatives office in Moscow. The RUEI also plans to open its representative office in India
shortly.
Counter offer for Forbes Gokak stays: SEBI
THE counter offer made by Man-Made Fibres for Forbes Gokak Ltd is in force and SEBI has not rejected the same, according to the SEBI Chairman, Mr D.R. Mehta.
Economy
Robust farm growth can reverse slowdown: Sinha
THE Finance Minister, Mr Yashwant Sinha, and Members of Parliament are of the view that a robust growth in agriculture was the key to reversing industrial slowdown.
Dumping duty on Chinese zinc oxide
THE Finance Ministry has imposed definitive anti-dumping duty on imported zinc oxide from China.
MIGA may tie up with ECGC for risk cover abroad
THE Multilateral Investment Guarantee Agency (MIGA) is expected to tie up with the Export Credit Guarantee Corporation for providing risk cover for Indian investments aboard.
TRIPs effect: Patents vs patients?
THE technological challenges and opportunities offered by the new IPR regime call for re-evaluation of the current growth strategies of the drugs and pharmaceutical sector in the developing world.
Dumping duty on fluorescent lamps recommended
THE Designated Authority in the Commerce Ministry has recommended imposition of preliminary anti-dumping duty on imported compact fluorescent lamps (CFL) from China and Hong Kong.
Upswing in short-term trade credit servicing
EVEN as the Finance Ministry's Status Report on External Debt has taken pride at the overall decline in annual debt servicing levels of the country, the report has revealed a significant jump in principal repayment on short-term trade credit of less than
180 days.
Short-term external debt hits decade's low
DESPITE the country's outstanding external debt crossing the $100-billion mark for the first time, the picture with regard to servicing these liabilities and the overall composition of debt seems relatively comfortable.
Fertilisers
FAI opposes cut in retention prices
THE Fertiliser Association of India (FAI) has opposed the downward revision in the retention prices of 13 urea units by the Centre, which it says, will lead to the ``immediate closure'' of at least four plants -- Mangalore Chemicals & Fertilisers (Mangal
ore), Duncans India Ltd (Kanpur), Zuari Industries (Goa) and SPIC (Tuticorin) -- and drastic reduction in urea availability of about eight lakh tonnes in the current season.
Health
CARE plans integrated healthcare
QUALITAS, the Malaysian medical management company, and Hyderabad-based CARE Hospitals, are exploring the possibility of establishing an integrated system of healthcare delivery that ensures quality and is cost-effective.
Information Technology
When IT touches Ground Zero, blame the darned 09/11
EL NINO had this strange effect on people (as much as it did on the environment). If your neighbour's cat sneezed, you were tempted to blame poor Nino for it.
Be Indian, buy American?
WHILE there is difference of opinion on whether the WTC attacks are a hindrance to selling in the domestic hardware market, strange troubles are hampering the efforts of Indian software vendors in the US.
Infrastructure
Amboli-Dahej pipeline commissioned
THE Rs 75-crore, 24-inch Amboli-Dahej pipeline being put up by the Gujarat State Petronet Ltd (GSPL) was commissioned here recently.
Mutual Funds
SEBI to consider capital adequacy norms for MFs
A suggestion by Mr Y.H.Malegam, member of the Securities and Exchange Board of India's (SEBI)'s Valuation Committee, to apply capital adequacy norms to mutual funds, has stirred a hornets' nest among fund mangers.
Policy
New Secy for UPSC
NEW DELHI: The Appointments Committee of the Cabinet has approved the appointment of Mr Navin B. Chawla as Secretary, Union Public Service Commission (UPSC) in the rank and pay of Additional Secretary. -- Our Bureau
Power
APERC rejects BPL, Transco PPA
IN a landmark order, the Andhra Pradesh Electricity Regulatory Commission (APERC) on Tuesday rejected the power purchase agreement (PPA) entered into by the Transmission Corporation of Andhra Pradesh (AP Transco) and the BPL Power Projects (A.P) Ltd with
regard to the latter's 2 x 260 MW power project being set up at Ramagundam.
Tata Power may ask lenders for loan write-off in DPC
LENDERS to Enron's Dabhol Power Company (DPC) may have to write off ``part of'' their loans for potential buyers to remain interested in acquiring the project.
Radio/TV
Zee TV's version of Survivor show
CLOSE on the heels of Star planning a new game show -- The Weakest Link -- rival Zee TV on Tuesday announced a reality adventure show -- Romance, Adventure Aap Aur Hum (RAAAH).
States
Calcutta Telephones to launch cell service from Nov 23
CALCUTTA Telephones, a part of the public sector company Bharat Sanchar Nigam Ltd, is planning to introduce its much-talked about cellular services in the city from the last week of November.
PMK brings out factual report on TN finances
THE Tamil Nadu Government should bring in fiscal reforms and revamp the public sector, developmental schemes and subsidies to `arrest fiscal deterioration,' according to a `factual paper on Tamil Nadu Government's finances' brought out by the Pattali Mak
kal Katchi (PMK).
Stocks
Insider trading: Panel says Talaulicar did it
THE internal independent committee on insider trading, set up by Bombay House, has found one of its senior group directors, Mr J.E. Talaulicar, guilty of indulging in insider trading.
Textiles
Summit to highlight role of design in industry success
THE Confederation of Indian Industry (CII) and the National Institute of Design (NID) have come together to highlight the importance of design for the Indian industry in a globalised economy.
Global silk meet in Bangalore from Dec 3
THE Central Silk Board (CSB) in association with France-based International Silk Association, is to organise the 23rd International Silk Congress in Bangalore from December 3.
`US slowdown will affect silk exports'
THE Commerce Ministry has projected a negative growth for silk goods exports in the wake of the prevailing US slowdown, said Mr Joy Oommen, Member-Secretary, Central Silk Board. The US accounts for a major share of the Indian silk exports, estimated to b
e around 30 per cent.
