Financial Daily from THE HINDU group of publications
Friday, March 15, 2002
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Financial Daily from THE HINDU group of publications Friday, March 15, 2002 |
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INDUSTRY & ECONOMY BUDGET Budget relief for refractory industry seen marginal THE refractory industry, which remains firmly in the jaws of recession besides being subjected to unfavourable customs tariff regime for its raw materials, has received some relief in the Budget proposals for 2002-2003. However, the net benefit ... More ECONOMY It took Blair, Nayanar to tango Y2K WHAT do Mr Tony Blair, the assertive Prime Minister of Britain, and Mr E.K. Nayanar, the ponderous but delightfully combative ex-Marxist Chief Minister of Kerala, have in common? The answer is simple: convergence of their views, however ... More
Addl demands for Rs 6,550 cr tabled EXCISE AND CUSTOMS Coimbatore excise feels the pinch -- Textile, engg units may not yield as desired THE Coimbatore Central Excise and Customs Department's kitty may not ring as loudly this year. The faltering textile and engineering industries in the region may drill a hole in the department's anticipated excise revenue mop-up. However, the ... More HEALTH Trials for India-specific AIDS vaccine by 2003 THE International AIDS Vaccine Initiative (IAVI) - a scientific non-profit organisation working to develop a preventive AIDS vaccine - expects that research for an India-specific AIDS vaccine would go into Phase I clinical trials by early ... More
`Breakthrough' in cirrhosis treatment
Privilege Card from Vijaya Diagnostic PETROLEUM `No differences on Indo-Iran pipeline project' THE Minister for Petroleum and Natural Gas, Mr Ram Naik, today told the Lok Sabha that there was no disagreement in principle on the proposed Indo-Iran gas pipeline project with consultants of both countries being on the job to expeditiously work ... More POWER Raichur woes have KPCL groping for power KARNATAKA is currently facing a shortage of at least 20 million units of power on account of technical problems at the Raichur Thermal Power Station (RTPS). Current energy requirement of the State is about 92 million units per day, whereas ... More TEXTILES Centre okays grant for weavers' co-ops A Rs 40 crore restructuring plan aimed at helping in revival of activities of the weavers cooperatives in Andhra Pradesh has been okayed by the Centre. According to the project, under the Deen Dayal Hathkargha Protsahan Yojana (DDHPY), the ... More SSI SSIs can tap banks for working capital SMALL-SCALE entrepreneurs can now borrow funds for working capital purpose, up to 20 per cent of their annual turnover, through a special credit card being issued to them by public sector banks. The cards, being issued at the instance of the ... More BIO-TECH & GENETICS MCC body to oversee biotech centre work THE Merchants Chamber of Commerce (MCC) has set up a governing body within the chamber for overseeing the working of the new Biotechnology Information Centre (BIC). The centre is being set up at the chamber with the help of local scientists and ... More DISINVESTMENT Ministry proposes 51% strategic sale in EIL THE Ministry of Disinvestment will shortly move the Cabinet Committee on Disinvestment (CCD) with a proposal to privatise Engineers India Ltd (EIL) by selling 51 per cent of its equity to a strategic partner. Though a proposal to privatise EIL ... More
SBI Caps submits report on Hind Coir privatisation FOREIGN DIRECT INVESTMENT 
US keen to work with Indian creative talent: AOL chiefYET another war of one-upmanship between the apex chambers of commerce seems to be breaking out. With the Federation of Indian Chamber of Commerce and Industry (FICCI) wooing the father-son duo heading Newscorp, Mr Rupert Murdoch and Mr James ... More RURAL DEVELOPMENT 
Angel funds for grassroots initiativeIF the concept initiated by Rural Innovations Network (RIN) gains momentum, technology innovators in Tamil Nadu, engaged in developing products for rural development, will have access to venture capital funding. Registered as a non-profit ... More INTERVIEW 
No going back on reforms, says Antony`The message is clear. Kerala has no other go but to prepare itself for reforms. The people have changed and those who still refuse to change are the politicians, bureaucrats and, to an extent, the media... The downsizing of the administration does not mean retrenchment of any of the existing employees. But the era of "patronage politics,'' which saw people being recruited to Government jobs indiscriminately by successive regimes, is definitely over.' More
EVENTS Pushing limits, questionable goals at ISC Gallen meet AMERICA'S date with disaster and the economics of terrorism post-September 11, death of a power-house, Enron and subsequent questions about the role of Arthur Andersen and others and evaluation of India's `business maharajas' would be some of the ... More
Meet on industrial promotion EXPORTS & IMPORTS Scrutiny norms for export cargo eased The Central Board of Excise and Customs has now indicated that in case of exports where the duty benefit is above Rs 1 lakh, 10 per cent shipments should be checked on a random basis, and in cases where the duty benefit is below Rs 1 lakh, only surpr ise checks would be carried out. More
Agencies rapped for delay in EDI facility TOURISM Cruising down the Krishna THE Andhra Pradesh Tourism Development Corporation (APTDC) has decided to acquire three luxury cruises to promote pleasure boat rides, especially in the Krishna river. They are intended to add a new dimension to the traditional sight seeing ... More ECONOMIC OFFENCES Rs 38-cr evasion uncovered COIMBATORE: The anti-evasion wing of the Central Excise and Customs in Coimbatore has detected excise evasion to the tune of Rs 38 crore this year. The single largest incident of evasion detected by the officials pertains to an iron and ... More TRENDS 
GATEcrashing to beat the slumpWHAT does one do when one is a qualified fresher but unable to find a suitable job? a) Take up any job that comes one's way; b) Start own business; c) Wait for something to happen; d) Go for higher studies. While the first three options sound ... More
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Top Stories 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' 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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