Financial Daily from THE HINDU group of publications
Thursday, January 03, 2002
Markets (Jan. 2)
BL 250972.60 (+7.29)
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Dollar (Buy/Sell)48.24/48.36
Gold Std(10gm)4630

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INDUSTRY & ECONOMY

CEMENT


Cement industry wants specific excise rate to stay
THE cement industry has pleaded for continuation of the specific rate of excise duty on cement and not be brought under ad valorem rates under the value added tax (VAT). The industry says it is all for ushering in the VAT regime. But in the ... More

Preferential status with Bangla sought -- Zero-tariff regime urged fo
THE domestic cement industry has urged the Government to negotiate for a zero tariff dispensation on cement/clinker exports from India to Sri Lanka. Cement manufacturers have also asked the Government to pursue a similar preferential treatment ... More

ECONOMY


Finance Ministry pegs GDP growth at 6 pc
THE Finance Ministry expects real gross domestic product (GDP) growth to be close to the six per cent mark in 2001-02 on the back of a robust growth in agriculture and financial services. ``Our estimation is that the GDP growth cannot be worse ... More

TAXATION


ONGC pays Rs 2,000-cr advance tax, tops list
ONGC heads the list of top 100 corporates paying close to Rs 2,000 crore as advance tax in the third instalment due by December 15, 2001. This is roughly Rs 700-800 crore higher than the advance tax paid the State-owned oil company in the ... More

SSI


Rural industries bag 40 per cent of priority sector lending, says Pant
IN order to ensure greater flow of bank credit to industrial units in rural areas, 40 per cent of the total priority sector lending has been earmarked for small-scale and tiny units. This is in accordance with the recent policy guidelines issued ... More

PERSONAL PRODUCTS


Health drinks, shampoo to drive FMCG
DEEPER understanding of the Indian consumer and an ability to deliver quality products at low costs are what will impact the FMCG sector in the next five years, according to the latest projections by the National Council of Applied Economic ... More

RADIO/TV


Cable producers may see fall in profits
OPERATING profits of cable producers are expected to decline in 2001-2002, on account of a significant decline in the operating profits of their jelly-filled telecom cable (JFTC) divisions, according to the research organisation, CRIS ... More

TWO/THREE WHEELERS


Bajaj 2-wheeler sales up 65 per cent in December
BAJAJ Auto Ltd (BAL) has reported a 65 per cent increase in the sales of two-wheelers during December at 99,223 units as compared to 59,920 units in the year-ago period. Motorcycle sales in December moved up by 85 per cent to 62,379 units from ... More

IMPORTS & EXPORTS


Overall exports slide despite sectoral growth in H1
AGRICULTURE and allied products, chemicals and related products and electronic goods, accounting for slightly above one quarter of the aggregate exports, posted a positive export growth ranging from modest to excellent during the first-half of ... More
Comments & Letters to the Editor to: bleditor@thehindu.co.in

Top Stories
Overall exports slide despite sectoral growth in H1


Cellular penetration expected to double by December 2002

Corporation Bank cuts housing loan rates

LIC arm to buy GLFL Housing Fin portfolio

New Year sales gets lukewarm response

Health drinks, shampoo to drive FMCG

Spices exports drop by Rs 172 cr

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Dec. 23-Dec. 29
Max India acquires 85 pc stake in healthcare services company

Excise collections up; customs front bleak

BSNL slashes STD tariff


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