Financial Daily from THE HINDU group of publications
Saturday, January 12, 2002
Markets (Jan. 11)
BL 250983.62 (-10.64)
BSE Sensex3362.88 (-19.08)
S&P CNX Nifty1088.55 (-9.65)
Dollar (Buy/Sell)48.36/48.49
Gold Std (10gm)4750 (+20)

News
Features
Stocks
Port Info
Archives


Group Sites

INDUSTRY & ECONOMY

BUDGET


A road-map for the Finance Minister -- Rahul Bajaj plumps for capex
THE head of Bajaj Auto Ltd (BAL) has prepared his wish-list for the Budget 2002-03, in which he has sought an increase in capital expenditure. Mr Rahul Bajaj, Chairman and Managing Director of BAL, told newspersons here on Friday: ``The ... More

ECONOMY


Industrial growth slumps to 0.9 per cent in Nov
INDUSTRIAL growth slumped to 0.9 per cent in November, the lowest for any month during the current fiscal. Compared to this, industry registered a growth of 7.4 per cent in the same month during the previous year. As per the latest `quick ... More

High-level panel on sectoral reforms
THE Finance Ministry and the Planning Commission on Friday decided to set up two high-level committees - one on sectoral reforms and the other to recommend the Gross Budgetary Support (GBS) for the 10th Plan. The Finance Ministry and the ... More

FOREIGN TRADE


Egypt, EU for closer ties with India
COVERING a wide range of topics, from the blitz of terrorism to business accords, the week-long CII partnership Summit saw a few agreements materialising amid interesting presentations on the need to refurbish the economies of nations to take ... More

PETROLEUM


Four shortlisted for Vizag underground LPG storage project
THE groundwork has been laid for the launching of construction work on the country's first underground LPG storage facility at Visakhapatnam, which will significantly smoothen marketing of LPG in this part of the country. South Asia LPG Company ... More

POWER


MSEB firm on refusal to buy power from DPC
Financial institutions led by IDBI had asked MSEB to resume power purchase from DPC at close to Rs 4 per unit. An MSEB official said that the board would not pay such a high tariff when power is available to it at Rs 2 per unit. More

Speed up power reforms, PM tells States
THE Prime Minister, Mr Atal Bihari Vajpayee, on Friday criticised the States for not undertaking power sector reforms at a satisfactory pace. Inaugurating PowerGrid Corporation of India Ltd's (PGCIL) Unified Load Despatch Centre (ULDC) for the ... More

SUGAR


Bids opened for Nizam Sugar units
THE proposals of Glodstone Exports Ltd Consortium (Gelcon) and Delta Paper Mills Ltd, the two finalists in the fray for acquiring three sugar mills and a distillery of Nizam Sugars Ltd, were opened here on Friday. The bids were submitted ... More

TAXATION


HC order to expedite PAN issue
IN a landmark judgement, Mr Justice Amitava Lala of the Calcutta High Court has directed the Income-Tax Authority to issue Permanent Account Number (PAN) to assessees under Section 139A of the Income Tax Act, 1961 within three months from the ... More

TEXTILES


Powerloom sector upset over export quota cut
THE powerloom industry is piqued by the pruning of the powerloom export entitlement (PEE) from 15 to 10 per cent by the Textile Ministry in the quota allocation for the year 2002. The industry representatives have taken up the issue with the ... More

INDUSTRY ASSOCIATIONS


Capexil lists hurdles on export front
REVIEWING its product-specific export performance during the first seven months of the current fiscal, Capexil has listed three factors besides the recession in US that may affect the trend of export growth in the remaining period of the ... More

BIO-TECH & GENETICS


Scientist demystifies gene therapy
Dr Bodmer allayed fears that understanding genetic differences or similarities between races and people will lead to racial tensions or superior-inferior complexes. Instead, it could tell us that most of the established views on these matters are wro ng and lead to more commonalities at the genetic level. More

DISINVESTMENT


Jaitley defends sell-off in `large chunks'
THE Government has maintained that its current strategy of offloading ``large chunks'' of its holdings in public sector undertaking (PSUs) - including management control- to strategic partners was not a flawed approach to disinvestment and ... More

RURAL DEVELOPMENT


New technology directory for fillip to rural development
THE Directory of Rural Technologies, published by the National Institute of Rural Development (NIRD) in three parts, has a compilation of 300 technologies in more than 15 disciplines. Apart from agriculture, horticulture, fisheries and ... More

HUMAN RESOURCES


`Brain drain can be harnessed, not controlled'
According to a survey, the number of people who said they wanted to return to India after completing their higher studies in the US fell from 50 per cent in 1985 to 20 per cent in 2000. More

Swiss MNC scouting for Indian talent
EVEN as the pangs of a global slowdown continue to trouble the domestic industry, India continues to be a preferred destination for ``top management'' search by multinational companies. The latest to scout for top management talent is the ... More

EVENTS


What is IT like... right now...
`THE hype is over, but the basic fundamentals are still there,'' said Mr Erkki Liikanen, European Commissioner for Enterprise and Information Society, EU, summing up what most of the speakers expressed at CII's session on `Information ... More
Comments & Letters to the Editor to: bleditor@thehindu.co.in

Top Stories
Markets hit by war fears; Sensex sinks, recovers


Mobile subscribers touch 5.48 m

After Bt cotton, it's GM mustard -- Proagro begins large-scale trials of hybrid variety

Industrial growth slumps to 0.9 per cent in Nov

90% excise duty on petrol, 24% on diesel -- Prices for consumers cut marginally

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


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

Copyright © 2002, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line