The Hindu Business Line : Monday, March 11, 2002

Budget will spur growth, say CEOs
THE focus of the Budget 2002-03 proposals on agriculture and infrastructure sector would lead to a revival in demand and growth in the economy, according to many leading Chief Executive Officers. A snap poll conducted by Confederation of Indian ... More

Fiscal responsibility Bill -- Deficit limits to stay, but with changes
THE Finance Ministry is set to retain numerical ceilings on deficits in the proposed amendments to Fiscal Responsibility and Budget Management Bill (FRBM), adhering to its commitment of undertaking fiscal restructuring. The ceilings on fiscal ... More

CHEMICALS

Change ordered in enquiry notice to chemical cos
THE Monopolies & Restrictive Trade Practices Commission has directed modification of the notice of enquiry (NoE) issued against some chemical companies. The companies are Modi Alkalies & Chemicals Ltd, Shri Ram Consolidated Ltd, Punjab Alkali & ... More

ECONOMY

The Budget and its fineprint
It is perhaps as well that the stock market is in a somnolent state. There does not seem to be any inducement in the Budget for intending entrepreneurs to approach the market with proposals for fresh investment when the demand for goods seems weak. T he Finance Minister has his own explanations to give, particularly with reference to fiscal constraints, which have inhibited him. Overall, the Budget presents a disappointing spectacle of the Finance Minister's good intentions and unenthusiastic res ponse from the public. More

`Industry must perform to expected levels'
THAT a change of heart has taken place in the Government is evident from the recent Union Budget which has turned the Central Excise and Customs apparatus industry-driven with a number of tax relaxations and it is for the industry to perform at ... More

PSU

Kerala PSUs' net loss rises
THE overall profitability of 107 State-level public enterprises in Kerala declined further in 2000-01, with their combined net loss moving up to Rs 195.15 crore from Rs 123.21 crore in the previous year. According to the annual performance ... More

PHARMACEUTICALS

Pharma sector told to focus on brand protection
MR Justice A.K. Sikri of the Delhi High Court has cautioned the domestic industry against complacency and advised it to step up efforts to preserve Oriental knowledge in medicines if it were to survive in the brand protection race. Addressing a ... More

STEEL

Doubts over duty on alloy steel wire input

EDUCATION

TASMAC aims to break even this fiscal
THE Pune-based B-school, TASMAC, with a paid-up capital of Rs 25 lakh and an asset base of Rs 3.5 crore, hopes to break even this financial year on a turnover of Rs 2.5 crore, according to Dr Giri Dua, Chairman and Managing Director. The next ... More

INDUSTRY ASSOCIATIONS

Business must focus on ethics: Krishan Kant
THE ethical dimension of business cannot comprise seeking unlimited profit and it is important that the sense of responsibility in Indian business which has been its most distinguishing mark should be allowed to return. Inaugurating the ... More

DISINVESTMENT

Chefair bags contract
EVEN as the disinvestment of Hotel Corporation of India is under way, the corporation has picked up additional catering business from Air India, which will help further improve its botttomline. HCI is a wholly-owned subsidiary of Air India ... More

Tulip to make full payment for Juhu Centaur today
THE disinvestment of the Mumbai-based Juhu Centaur Hotel of the Hotel Corporation of India is set to be completed on Monday (March 11) when the Dr Ajit Kerkar-promoted Tulip Hospitality Services Ltd is to hand over a cheque for the entire bid ... More

SOCIETY & DEVELOPMENT

Vision 2020: Let us do great deeds together
A CRITIC once remarked about Belgian atrocities in the Congo thus: "It is difficult to say whether they was merely savage or truly evil". The behaviour of communalists of both varieties in Gujarat deserves the same comment The Gujarat Chief ... More

EXPORTS & IMPORTS

IOC monopoly over import ends -- BPCL makes first spot crude buy
INDIAN Oil Corporation's (IOC) monopoly over crude imports for public sector oil majors has finally ended, with Bharat Petroleum Corporation Ltd (BPCL) completing its first-ever crude import. BPCL made its first spot purchase of 70,000 tonnes ... More

Garment exports to miss target
READYMADE garments (RMGs), which constitute almost half of the aggregate textile exports from the country, are way behind in achieving the target set for the current fiscal as exports during the first 11 months fetched only $3,504.6 million, ... More

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IOC monopoly over import ends -- BPCL makes first spot crude buy

Foreign cos face tough action on tax defaults -- Assets abroad targeted for recovery of dues

Foodgrains output to miss target again

The Budget and its fineprint

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Mar. 3-Mar. 9
A case of consumer subsidising Govt? -- `Effective' petro subsidy to be Rs 1,400 cr

No roll-back on LPG: Sinha

Budget 2002-03 -- Sinha errs on the side of caution

`Taxation policy must be consistent'