Financial Daily from THE HINDU group of publications
Wednesday, March 06, 2002
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GOVERNMENT

POLICY


Auto policy may set norms for fresh investments
THE Cabinet today finalised the auto policy with some changes and the new draft would be tabled in Parliament soon. According to Government officials, the aim of the policy is to promote self-sustained growth of the industry. The policy, ... More

New norms for project cost estimation
GOVERNMENT departments and Ministries will henceforth have to compute the costs for projects involving public investment/expenditure based on constant prices as well as completion cost (the cost at which the project is completed), following a ... More

Portfolio investments -- Inter-ministerial group to review FII sectoral limits
THE Finance Ministry will constitute an inter-ministerial working group to review the sectoral limits for portfolio investments by foreign institutional investors (FIIs). The panel will be headed by Dr Rakesh Mohan, Economic Advisor to the ... More

Govt allocates Rs 300 cr to UTI
THE Government has provided Rs 300 crore to Unit Trust of India to help meet the shortfall between the assured repurchase prices and the net asset value. The support to UTI will ensure that any redemption made at prices higher than the NAV of ... More

STATES


Regression rams resurgence in Gujarat
THE BUTCHERY and arson that began in Gujarat with the ghastly Godhra massacre of February 27 and switched a few gears on the Budget day still goes on, though somewhat abated in intensity. Now, fingers are pointing at an ISI link in the train ... More

`Kerala bankrupt of ideas, not cash'
AS the employee strike in Kerala threatens to spill over to a second month of turmoil, financial experts are veering to the view that the State Government suffers mostly from bankruptcy of ideas, rather than the needed cash which it cites as ... More

Small savings prepayment by States looks difficult
THE State Governments are not expected to benefit by prepayment of small savings debts, which has been permitted by the Finance Minister in the Budget proposals for the next financial year. Sources here said one of the main issues involved in ... More

No reprieve for Bengal tanners -- Govt directed to release funds for CETP works
WITH tanners getting no reprieve from the Supreme Court regarding the closure and relocation of tanneries at the Kolkata Leather Complex (KLC), the stalemate over supply of raw material continues to trouble leather exporters. Industry sources ... More

Business houses make bee-line for Gurgaon
THE suburban township of Gurgaon is upstaging New Delhi as the preferred destination of business houses and retailers, the latest study by the India Property Research (IPR) shows. The finding, in fact, goes against IPR's own predictions in ... More

AP to have tourism institute with private sector help
TO meet the demand for professionally qualified persons in the tourism sector, a national institute of tourism and hospitality management is being set up in Hyderabad with private sector participation, according to the Minister for Tourism, Mr T. ... More

Rs 3 cr given for Dakshina Kannada education scheme
THE Dakshina Kannada district has been sanctioned a sum of Rs 3.01 crore as the first instalment towards the implementation of the Government's continuing education scheme, catering primarily to the educational needs of the villages of the ... More


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