Financial Daily from THE HINDU group of publications
Thursday, March 14, 2002
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INDUSTRY & ECONOMY

BUDGET


Budget needs `major corrections'
THE Budget presented by the Finance Minister, Mr Yashwant Sinha, for the current fiscal coming to an end was hailed as a "dream Budget" by one and all last year. Another matter, that for reasons more than one — and both internal and ... More

ECONOMY


Third World to post modest growth: IBRD
THOUGH developing countries now groaning under a global economic downturn are likely to face a rebound this year, growth rates in many poor countries will still not be enough for poverty reduction, says the World Bank. In a report titled, ... More

Japan likely to resume ODA
A FULL-SCALE resumption of Official Development Assistance programmes by Japan to India seems under way, with a 13-member Government Policy Dialogue Mission from Japan scheduled to have talks with various Ministries. The Japanese Mission ... More

ENVIRONMENT


Lid on fuel adulteration blown off
THE green brigade has opened a can of worms on the oil industry through a recent survey done by the Centre for Science and Environment on the prevalence of adulteration at fuel outlets and depots in and around New Delhi. Adulteration goes ... More

EXCISE AND CUSTOMS


Sinha does some tough talking on pleas for excise sops
THE Finance Minister, Mr Yashwant Sinha, today indicated that the Government was willing to shorten the timeframe set for moving towards two basic customs duty rates. The Government had, in this year's Budget, announced its intent to converge ... More

FERTILISERS


Fertiliser sector steps up lobbying
The Fertiliser Association of India has convened a meeting of Chief Executive Officers to evolve a common strategy and arrive at a consensus on some of the issues pertaining to the pricing policy. The industry is hopeful that it would get a fair hear ing from the Group of Ministers. More

SSI


SSI units seek uniform duty exemptions
THE Laghu Udyog Bharati, an all India organisation for Small-Scale Industries (SSIs), has asked for uniform exemptions in Central excise duty for all SSI units. The National President, Dr Shyam Sunder Agarwal, said that while the Prime ... More

CARS


Used cars: Govt ready to look at MUL request
MARUTI Udyog Ltd is keen to export reconditioned "used cars'' from India if the Government were to allow remission of various duties and taxes paid on such cars. "We see export of used cars to neighbouring and other developing countries as a ... More

PAPER, BOARD & NEWSPRINT


Paper trade getting out of the woods
THE domestic paper industry appears to be headed towards better days after encountering adverse market conditions during the last two years. This is anticipated in the wake of increased buying support for writing and printing paper from the ... More

KNITWEAR & HOSIERY


Dutch offer to develop Tirupur garment sector
The Centre for Promotion of Imports from Developing Countries (CBI), a Netherland Government agency supporting export initiatives of small and medium enterprises in the developing economies, has come forward to assist the Tirupur knitwear ... More

JUTE


Packaging order revision -- Jute industry in for a big jolt
THE proposal of the inter-ministerial committee to dilute the mandatory packaging orders will constitute a major blow to the ailing jute industry, if not the proverbial last nail on the coffin. Recent media reports stated that the committee, ... More

SMALL SAVINGS


Govt retirement schemes for pvt sector employees?
THE Government is considering a proposal to permit retiring employees of private sector companies to participate in the deposit schemes framed for retiring employees of public sector undertakings (PSUs) and Government employees. The two schemes ... More

IPR


TRIPs meeting examines drug licensing hitches
THE World Trade Organisation's Trade-related Intellectual Property Rights (TRIPs) Council has wound up its deliberations with a large group of developing countries, the European Union and the US, kicking off a discussion on TRIPs and public ... More

EXPORTS & IMPORTS


RBI rejects exporters' plea for interest on EEFC balances
THE Reserve Bank of India has ruled out permitting banks to offer interest on the balances held by exporters in their Exchange Earners' Foreign Currency (EEFC) account. This is because such balances are in the current account and cannot be ... More

States must evolve 'export policies'
THE Director-General of Foreign Trade, Mr N. L. Lakhanpal, has urged State governments to formulate export policies so that the various facilities available to the exporters are codified in a single document. Addressing an open house meet on ... More


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

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

`Taxation policy must be consistent'

IOC cites Constitution to support HPCL, BPCL bid

Auto policy may set norms for fresh investments

Court stays tax on perquisites

US steel tariffs worry Indian majors

Legal hurdles to divestment -- Govt mulls hiving off Neyveli power plants

100 pc FDI in auto sector under automatic route -- No minimum investment norms

`Newsprint sector in for a shake-out'

Money laundering on the rise: DRI

Partial gains on export front

Rs 2,000-cr investment norm set -- Petro marketing thrown open to private sector


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