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Monday, January 21, 2002

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INDUSTRY & ECONOMY

ANTI-DUMPING


FICCI seeks early redressal of key anti-dumping issues
THE Federation of Indian Chambers of Commerce & Industry (FICCI) has sought redressal of three key issues of the WTO's Anti-dumping Agreement ahead of the deadline for written submissions by member-countries on the anti-dumping related ... More

AIRLINES


Aviation Ministry for restoring tax exemption on ECBs
THE Ministry of Civil Aviation is set to seek restoration of income-tax exemption on withholding tax for foreign currency borrowings in its pre-Budget meeting with the Finance Ministry. The proposal to seek restoration of the tax exemption on ... More

ECONOMY


`Reforms in farm sector must'
THE architect of the Indian financial sector reforms and the former Governor of Reserve Bank of India, Mr M. Narasimham, has strongly recommended need for reforms in the area of agriculture. He was addressing a gathering of economists, ... More

HEALTH


Got a municipal licence? Start a lab -- Speciality Ranbaxy for safety checks
EVEN a regular chemist's shop seems to have more safety checks governing its operations compared to the neighbourhood diagnostic laboratory which could well be the first step in diagnosing a viral fever from malaria or cancer. Shocking but true ... More

PETROLEUM


Railways shelves variable tariff plan for petro-products
"The Railway Ministry's plans have come to naught following the decision amongst state-owned oil companies to maintain the status quo on the distribution arrangements for two years after the dismantling of the administered pricing mechanism (A PM) from March 31, 2002,'' said official sources. More

`Scope bright for K-G basin oil exploration'
THE Oil and Natural Gas Corporation (ONGC) is upbeat on the prospects of striking oil in the offshore area of the Krishna-Godavari (KG) basin. "We have established highly promising leads for oil in the deep waters, and are confident of ... More

TELECOMMUNICATIONS


Long distance may keep VSNL lines ringing
IN a future that bodes falling international telephony rates and unlimited competition entering on fairly easy terms, what is Videsh Sanchar Nigam Ltd (VSNL) looking forward to? Denied entry into basic telephony — which is very ... More

DoT rules out sudden shift from revenue-sharing regime
THE Department of Telecommunications (DoT) has ruled out any sudden policy shift from a "revenue-sharing" licence fee regime to a "graded service tax" regime for basic and cellular operations. According to official sources, what is being ... More

COAL


`Coal sector reforms may not hit CMRI functioning'
IT is commonly surmised that the Council of Scientific and Industrial Research (CSIR) laboratories such as the Central Mining Research Institute (CMRI) located in Dhanbad in Jharkhand, are likely to face an uphill task in view of the progress of ... More

HCV/LCV/TRACTORS


Tractor sales fall
NEW DELHI: Low farm incomes reflected in poor tractor sales in October, which fell about 25 per cent year-on-year to 17,486 units, data released on Saturday by the Tractor Manufacturers Association showed. Sales in October 2000 was ... More

REAL ESTATE & CONSTRUCTION


Realty may get access to overseas borrowings
THE Government is considering a proposal to lift the ban on use of proceeds from `external commercial borrowings' (ECBs) for investment in real estate and property development, signalling a major policy shift. The Finance Ministry has flagged ... More

LEATHER


FDDI plans MoUs with Italian cos
THE Footwear Design and Development Institute (FDDI) has plans to sign agreements with two Italian institutions for training Indian leather industry personnel on better footwear designing and finishing. According to Mr M. Rafeeque Ahmed, who ... More

INDUSTRY ASSOCIATIONS


DEPB scheme must continue: ESC
NEW DELHI: The Government should continue with the Duty Entitlement Pass Book (DEPB) Scheme as it has helped achieving quantum jump in exports, particularly of electronics goods, the Electronics and Computer Software Export Promotion ... More

CII for phased levy of tax on farm income
"There would not be any constitutional barrier for taxing agricultural income by amending the definition of this phrase in the Income-Tax Act, 1961.'' More

TRADING


MMTC sales turnover up 40 pc
MMTC Ltd, the super star trading house, logged a sales turnover of Rs 5,482 crore in the nine months of the current fiscal year, an increase of 40 per cent over the corresponding period of 2000. With the overall business milieu being bearish ... More

DISINVESTMENT


Selling sick PSUs
JESSOP AND PARADEEP Phosphates, the two ailing public sector undertakings shortlisted for privatisation this fiscal, will provide another test for the Government's disinvestment initiative. Bids are to be invited in the next few days and offers ... More

TRENDS


IT majors witness rise in offshore business
A TIGHTENING corporate IT spend in the US coupled with proven delivery models of the Indian IT firms have initiated a major drift towards offshore business. Software majors, Infosys Technologies and Wipro Ltd , both reported increased offshore ... More

EVENTS


Rs 3.5-cr domestic orders at Auto Expo
NEW DELHI: The sixth Auto Expo 2002 has generated $218,000 of export orders for Indian companies despite the international slowdown, the Confederation of Indian Industry said in a statement here on Saturday. An additional 1,061 export ... More

Industrial trade fair in Coimbatore
THE week-long industrial trade fair — Intec 2002 will take off on Monday. The Coimbatore District Small Industries Association (Codissia) is organising this show at the permanent trade fair complex — Cointec. Intent on selling ... More

IMPORTS & EXPORTS


Capexil to set up new Chapter in N-E
CAPEXIL, as part of a comprehensive strategy to beat slowdown in exports in the short-term, has decided set up a new Chapter in the North-East, and also create a modern trade facilitation centre here, where its headquarter office will be shifted. ... More

ECONOMIC OFFENCES


Stamp Act in for changes
THE Finance Ministry is set to seek the Union Cabinet's nod for a new Stamp Act which will focus, among other things, on fully defining the scope of instruments and prescribing more stringent penalties for offences against stamp law. Officials ... More
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Top Stories
Striving to Excel in Indian and foreign fields


Kakinada port: A difficult transition

Foodgrains offtake surges by 55 per cent

Realty may get access to overseas borrowings

Railways shelves variable tariff plan for petro-products

TN to target specific IT sectors in new policy

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Jan. 13-Jan. 19
Infrastructure growth down to 2 pc in Apr-Dec


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