Financial Daily from THE HINDU group of publications
Thursday, January 17, 2002
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INDUSTRY & ECONOMY

BUDGET


Differences over Budget proposals
WITH less than a month and a half to go before the Budget, sharp differences have emerged within the Government on three crucial Budget proposals pertaining to the restructuring of income-tax slabs, reduction in corporate tax rate and a change in ... More

Scrap service tax on entertainment sector: Sushma
THE Information and Broadcasting Minister, Ms Sushma Swaraj, on Wednesday met the Finance Minister, Mr Yashwant Sinha, seeking removal of the five per cent service tax levied on the entertainment and broadcasting industry. Sources said that ... More

ECONOMY


Kerala begins fresh round of cost-cutting
THE Kerala Government, which announced a slew of cost-cutting measures targeted at its employees last week, has decided to bring all levels of administration, including autonomous bodies, under the austerity drive. Briefing newspersons after a ... More

`Marginal fiscal slippages no threat to stability'
"THE marginal slippages that may occur in the fiscal deficit will not threaten our macro-economic stability, now that the Centre has nearly completed its borrowing programme for the financial year." Participating in an interactive session ... More

FOOD & DAIRY PRODUCTS


For a scoop of their own
The action in the ice-cream market is hotting up with the old majors being challenged by new entrants who have so far been catering to the premium segment but have now set their sights on the mass market. The coming Indian summer will see who's tops. More

FOREIGN TRADE


Indian aid for Ivory Coast
INDIA would offer assistance to Cote'd Ivoire in supply of drugs and pharmaceuticals, diagnostic medical instruments and para-medical products. This was indicated by Mr Rajiv Pratap Rudy, Minister of State for Commerce and Industry, at a ... More

PETROLEUM


Bill for oil board to be tabled in Budget session
A DRAFT Bill that will pave the way for the setting up of an Oil Regulatory Board will be introduced in Parliament soon after it convenes for the Budget session on February 25. The proposed Oil Regulatory Board will outline the regulatory ... More

Oil majors kept out of divestment plan for now
THE Cabinet Committee on Disinvestment (CCD) on Wednesday decided not to refer blue-chip oil companies Indian Oil Corporation, Oil and Natural Gas Corporation (ONGC) and Gas Authority of India Ltd (GAIL) to the re-constituted Disinvestment ... More

BREWERIES


Liquor industry fears import flood if additional duty goes
THE domestic liquor industry apprehends that the removal of additional duty on foreign liquor would open the floodgates in the `prestige plus segment' and may lead to local products in this category being wiped out by cheaper foreign brands. Mr ... More

CARS


Palio is `car of the year'
NEW DELHI: Fiat India's newly launched hatchback, Palio, has been adjudged as the Car of the year 2001 and also the best value for money, by the CNBC Autocar Auto Awards. Mondeo, the luxury sedan from Ford, bagged the awards for the ... More

READYMADE GARMENTS


Textile exports to miss revised target
READYMADE garments and cotton textile exports which constitute almost 70 per cent of the aggregate textile exports in the country, have recorded dismal performance during the first nine months of the current fiscal, quashing the optimistic ... More

DISINVESTMENT


Maruti second stage sell-off deferred
THE second stage of the Government's plan to divest its holding in the joint venture car-maker Maruti Udyog Ltd (MUL) has been deferred to the next fiscal, a senior official with the Ministry of Disinvestment has said. The Union Government had ... More

CCD clears fiscal recast plan for Jessop, PPL
THE Cabinet Committee on Disinvestment (CCD) on Wednesday cleared financial recast plans for the divestment-bound ailing entities, Paradeep Phosphates Ltd and Jessop & Co. However, the CCD has also decided to link the implementation of the ... More

SBI Caps named Modern Foods sole advisor
THE Government has appointed SBI Capital Markets as the sole advisor for disinvestment of its remaining 26 per cent equity in Modern Food Industries (India) Ltd. (MFIL). SBI Caps would do the valuation for the Government's 26 per cent equity ... More

EVENTS


Zhu shakes hands with India Inc
IT'S not the time to talk about competition; it's time to think about complementarity. We both have relative strengths and there is no reason why we should not take advantage of them.'' With these words, the Chinese Premier, Mr Zhu Rongji, on ... More

Delphi launches new engine technology
DELPHI Automotive Systems, the world's largest automotive supplier, has said it is introducing its latest engine management technology aimed at the fuel-efficiency concerns of Indian two-wheeler makers. The Engine Management Systems (EMS) ... More

Singapore keen to invest in biotech, IT
SINGAPORE has shown interest in developing infrastructure in biotechnology and information technology parks in India. Speaking at a seminar organised by the Confederation of Indian Industries (CII) here, a representative of the Singapore Trade ... More

A desi show
TATA Engineering had a wholly desi fare in store for the unveiling of the Indica sedan. The slick 27-minute programme had a video show of Tata vehicles interspersed with shots from the various regions of India and its people. There was ... More

NATURAL CALAMITIES


Earthquake anniversary -- Gujarat launches media offensive
THE Gujarat Government, as a run-up to the first anniversary of the killer quake last year, has decided to come out with details of funds disbursed in various sectors. The exercise, which began on January 10, is scheduled to last till January 20, ... More

TOURISM


Sun shines for the Indian traveller
The Indian traveller never had it so good. Air Mauritius, Emirates, Malaysia Airlines, Qantas and Swissair have offered special airfares and free excess baggage. More
Comments & Letters to the Editor to: bleditor@thehindu.co.in

Top Stories
TN may privatise sugar co-operatives


Shaw Wallace brews more to feed TN market

Maruti second stage sell-off deferred

Corporatise to give banks bigger say in decision-making: Reddy

Banks may `lose interest' in cos

BPL Mobile launches GPRS services

Earthquake anniversary -- Gujarat launches media offensive

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Jan. 6-Jan. 12
UK will step up aid to India

Working group not for withdrawal of MAT -- Fin. Ministry may not cut depreciation rates

Analysts see mixed Q3 for IT sector

Want IT experience? Well, pay up buddy

`Scrap I-T sops on small savings'

Industrial growth slumps to 0.9 per cent in Nov


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