Financial Daily from THE HINDU group of publications
Wednesday, January 09, 2002
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INDUSTRY & ECONOMY

BUDGET


India Inc wants customs tariff levels to stay
INDIA Inc has made out a case to the Government to maintain status quo on the customs tariff levels for the next one year and to go easy on bringing down the tariff walls in the Budget. Captains of Indian industry also sought reduction of ... More

Soft drink units want SED to go
SOFT drink manufacturers, faced with a not-so-effervescent growth rate, have urged the Government to abolish the 16 per cent Special Excise Duty (SED) levied on aerated soft drinks, in the Budget. In a representation, the Indian Soft Drink ... More

ECONOMY


Trim deficit for positive outlook: Moody's
MOODY'S Investors Service has expressed concern over the inability of the Government to rein in the huge public sector deficit, which, it said in a report on Tuesday, explains the negative outlook on the Government's Ba2 domestic debt ... More

SEZs for NRIs mooted
THE high-level committee on the Indian Diaspora has recommended that Special Economic Zones (SEZs) be set up exclusively for projects to be undertaken by non-resident Indians (NRIs)/ persons of Indian origins (PIOs). Stating that the Diaspora ... More

ENVIRONMENT


Cabinet okays proposals on auto emission norms
FISCAL incentives for the auto sector and the oil industry are on the anvil, with the Union Cabinet giving its approval to implement the recommendations on vehicular emission norms and auto fuel quality made in the interim report of the Expert ... More

Emission norms: Green lobby sees red
THE Centre for Science and Environment on Tuesday criticised the Mashelkar Committee report on automobile fuel policy, mainly the recommendation regarding the delayed introduction of tighter emission norms. The environment lobby group also took ... More

FOREIGN TRADE


Call to boost trade ties with Israel
INDIA and Israel should forge strategic alliances and access new markets together, said Mr Israel Shotland, Director General, Israel Export Institute, here on Tuesday. Participating in a session on `IT: Cooperating beyond Boundaries, Strategies ... More

`Focus-Africa' plan awaits green light
THE proposed `Focus-Africa' programme, being modelled on the lines of the Focus-LAC programme launched in 1997, is now awaiting the approval of the Union Minister of Commerce and Industry, Mr Murasoli Maran. Informed Ministry sources told ... More

PETROLEUM


Mukesh Ambani meets Ram Naik on IOC-RPL pact
THE Reliance Industries Ltd (RIL) Vice-Chairman, Mr Mukesh Ambani, on Tuesday met the Union Petroleum Minister, Mr Ram Naik, and appraised him of the issues relating to the marketing agreement between Indian Oil Corporation (IOC) and Reliance ... More

POWER


Hydel project profiles to woo investors
THE Central Electricity Authority, a statutory body under the Union Power Ministry, has prepared project-profiles, some using satellite imaging, for presenting it to investors at the forthcoming meet on non-fossil fuels. Austria is the partner ... More

TAXATION


ICAI urges tax on farm income
It has been recommended that cases in which agricultural income exceeds more than Rs 2 lakh should get the accounts audited to `discourage assessees from showing taxable income as agricultural income.' More

Deadline for I-T returns extended
THE Finance Ministry today extended the last date for filing of income-tax returns under the one by six scheme to March 31, 2002. The deadline for filing I-T returns under the criteria was November 30, 2001. The Central Board of Direct Taxes ... More

INDUSTRY ASSOCIATIONS


FICCI ties up with board of Bahrain
THE Federation of Indian Chambers of Commerce & Industry (FICCI) and the Economic Development Board (EDB), State of Bahrain, have signed an MoU for promoting, improving and developing the economic relations and investments between the business ... More

DISINVESTMENT


VSNL sell-off by Feb 15
THE Government has set a deadline of February 15 for completing the disinvestment of Videsh Sanchar Nigam Ltd (VSNL). According to highly-placed officials in the Department of Disinvestment (DoD), the last date for receiving price bids for 25 per ... More

ModiCorp, BPL bid for VSNL rejected
THE Government has rejected the offers of ModiCorp and BPL to buy its 25 per cent stake and become a strategic partner in Videsh Sanchar Nigam Ltd (VSNL) due to their late approach. ... More

FDI


Survey spots hassles that scare FDI
REGULATORY hassles and poor infrastructure are high among the factors that have kept the country at the bottom of the investment climate (IC) scale for key Asian economies, according to a new World Bank-CII survey. This is in spite of a few ... More

WTO


  • WTO: Maran hints at new approach
    Comments & Letters to the Editor to: bleditor@thehindu.co.in
  • Top Stories
    PC sales forecast scaled down by 32 pc


    Defence canteen supply -- McDowell's Signature takes on Royal Challenge whisky

    DSE clean-up drive opens pandora's box

    ICAI urges tax on farm income

    Ordinance to give Govt blank cheque on excise -- Cap on commodities to go

    Cos can have foreign currency a/c abroad

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Dec. 30-Jan. 5
    IT Industry upbeat on 2002

    3.29 pc export jump in Nov brings fiscal target closer

    Health drinks, shampoo to drive FMCG

    Move to boost TUFS funding in textile sector


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