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Sunday, February 24, 2002

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INDUSTRY & ECONOMY

ENVIRONMENT


FAO for curbs on pesticides, asbestos
THE Food and Agricultural Organisation's (FAO) committee of Government-appointed experts — the Interim Chemical Review's Committee (ICRC) — has concluded that three widely-used pesticides and all forms of asbestos should be added to ... More

FOREIGN TRADE


Britain plans 3-fold hike in aid to India
BRITAIN has proposed a three-fold increase in its aid to India over the next couple of years. British aid, which currently stands at around 100 million, is likely to be increased to about 300 million by 2004. According to Mr Ben Bradshaw, ... More

POWER


Foundation stone for 400 kV transmission system laid: Prabhu advocates user charges
THE Union Minister for Power, Mr Suresh Prabhu, on Saturday laid the foundation stone of a 400-kV transmission system at Ghanapuram, near here, which is to be taken up by Power Grid Corporation of India Ltd (PGCIL). The system is part of the ... More

System to collect dues from SEBs being evolved
THE Centre is firming up a system that will ensure that the State electricity boards (SEBs) paid up their power dues, according to Mr Suresh Prabhu. The Union Cabinet will take a decision in this regard next week, the Minister said at an ... More

BREWERIES


No highs for breweries, distilleries
THE past year was something of a party for the breweries industry. The lifting of quantitative restrictions, the emergence of foreign players as strong competitors in the domestic market, the phasing out of smaller players and, finally, the ... More

The beer battle
Last year the UB group added three breweries to its fold and plans more in the near future. While acquisitions may be a good ride for international players to enter the Indian market, it may not pay off for the domestic majors. The growth rates in th e market do not warrant the recent surge in capacity addition achieved by some domestic majors. More

Uncertain fizz in this beverage
THE performance of select stocks in the alcoholic beverages industry has been fairly impressive. But the surge in valuations has not been backed by improved earnings. Against this backdrop, the investment climate appears uncertain. Further, ... More

READYMADE GARMENTS


`Modal' stirs interest among garment makers
With several multinational garment labels unfolding their plans to outsource garments from India in the coming years, the domestic textile companies producing intermediary textile products such as yarn and fabrics have evinced greater interest in usi ng this new generation fibre both in 100 per cent pure form or in blends to add value to their products. More

Karnataka wants big cos to manage apparel park
THE ITC group and the Hindujas are in the reckoning for taking an active role in the apparel park being proposed near here. The State Government, according to the Principal Secretary, Industry & Commerce, Mr B.S. Patil, would like them to take ... More

DAIRY & DAIRY PRODUCTS


Amul, Nestle blast Govt's move to scrap milksheds
MOST entrenched players in the dairy sector have opposed the Government's proposed move to scrap the concept of designated milksheds in the Milk and Milk Product Order, 1992, which would virtually tantamount to the complete decontrol and ... More

DISINVESTMENT


IPCL bid date on Monday
AHMEDABAD: The Union Government would be freezing the bid date for 26 per cent sale in the Indian Petrochemicals Corporation Ltd (IPCL) on February 25. The inter-ministerial group would be meeting on Monday to decide on a bid date for ... More

Tulip given till March 9 for Juhu Centaur
THE Union Government has set a final deadline of March 9 for the Dr Ajit Kerkar-promoted Tulip Hospitality Services to pay up the bid price of Rs 153 crore for acquiring Hotel Corporation of India (HCI) property - Juhu Centaur in ... More

LABOUR REFORMS


Policy for workers' security needed: PM
BARELY a day after the Cabinet gave an in-principle nod to amendments to the Industrial Disputes Act, the Prime Minister, Mr Atal Bihari Vajpayee, has said that the Government is committed to ensuring social security for workers and a national ... More

RESTRUCTURING


Haldia board to discuss TCG dues tomorrow
THE board of Haldia Petrochemicals (HPL) will meet on Monday to discuss matters relating to the Chatterjee group (TCG) paying up their share of the advance against equity and their implications. Sources said that Mr Purnendu Chatterjee, whose ... More

EVENTS


Pension funds seminar turns lively
A SEMINAR on pension funds organised here by the Employers' Federation of Southern India today evolved into a lively debate on whether or not investing pension contributions in equity is good or not. Mr A. Viswanathan, Additional Central ... More
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Top Stories
Forex reserves cross $50-b mark


Policy for workers' security needed: PM

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Feb. 17-Feb. 23
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Karnataka: Troubling labour equations

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Cabinet clears big-ticket labour reforms

Watch out when you buy that Crocin!


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