The Hindu Business Line : Tuesday, January 22, 2002

Schedule set for States' Annual Plan demands
IN keeping with his oft-made assurance to decide the States' Annual Plan requirements before they present the Budget in legislatures, the Deputy Chairman of the Planning Commission, Mr. K.C. Pant, will kick off next year's Annual Plan demands of ... More

Govt projects growth rate of over 6.5 pc
THE Government is projecting an economic growth rate of over 6.5 per cent for the next financial year, according to Mr N. K. Singh, Member (Energy), Planning Commission. He was speaking at a conference on the energy sector on Monday, `India ... More

FOREIGN TRADE

India, Israel to sign MoU on IT, telecom
NEW DELHI: India and Israel have proposed a joint working group on information technology and electronics to institutionalise a framework of cooperation between the two countries. A memorandum of understanding (MoU) to this effect is ... More

Indo-UAE business body set for take-off
THE Indo-UAE Joint Business Council, which was formed recently, is expected to begin functioning soon, the Indian Ambassador, Mr K.C. Singh, said. Mr Singh told Business Line that discussions for the establishment of the council had been ... More

POWER

`Fluid power set to grow'
FLUID power industry is set to record an annual growth of 30 per cent in the Asian region with India being a focus area for leading international corporations for fresh investments in joint ventures and subsidiaries. With its rich talent pool ... More

SSI

`Report on SSI incentives soon'
THE Special Committee for framing an exclusive legislation for the SSI sector is expected to submit its report before the end of the current fiscal. Disclosing this to presspersons, the Union Minister of State for Small Scale Industries, Ms ... More

GEMS & JEWELLERY

Sharp fall in jewellery exports
EXPORTS of gems and jewellery declined 14.84 per cent in dollar terms during the calendar year 2001 to touch $7,202.26 million as against $8,457.11 million in 2000. The only silver lining to this export performance has been the recovery in ... More

LEATHER

Kolkata tanners opt for Maharashtra EPZ
ENTICED by the sops being offered by Maharashtra, the city tanners seem to be inclined towards the Ambernath Leather Complex at the Additional Ambernath Export Promotion Zone in Maharashtra. Industry sources said a delegation of West Bengal ... More

READYMADE GARMENTS

Garment exporters feeling the pinch
THE New Year has begun on a sour note for exporters of readymade garments. Market indicators such as poor cut-off prices when the first-come-first-served (FCFS) quotas opened on January 10 seem to bode ill for the garment business. At the same ... More

DISINVESTMENT

Batra gets okay for Mumbai airport Centaur
THE Inter-Ministerial Group (IMG) has cleared a proposal for the sale of the Mumbai airport property of the Centaur group for a consideration of around Rs 83 crore to the A.L. Batra group, the sole bidder in the fray. The bid barely scrapes the ... More

Jessop unions hold protests
THE joint forum of unions and associations of Jessop organised a mass demonstration at the company's works gate here on Monday to protest against privatisation. The forum, which had observed a day's token strike on this issue on December 28, said ... More

SMALL SAVINGS

EPF rates to be announced today
THE Central Board of Trustees will hold its crucial meeting here on Tuesday to declare the rate of interest on savings in the Employees Provident Fund for the current fiscal. The meeting, to be chaired by the Labour Minister, Mr Sharad Yadav, ... More

FDI

FDI flows dip by half in '01
FOREIGN direct investment (FDI) flows to developed countries fell by nearly half in 2001. The flows to all developing countries also declined except for the Africa region, according to the updated regional estimates released on Monday by the UN ... More

IMPORTS & EXPORTS

Pak move on Karnal Bunt to hit exports to Afghanistan
PAKISTAN's move to deny transit access to Indian wheat supplied to Afghanistan under the World Food Programme is set to hit the country's plans to export up to one million tonnes of grain to the war-devastated, land-locked economy. According ... More

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