The Hindu Business Line : Sunday, March 17, 2002

Economy in for better days: Sinha
THE Finance Minister, Mr Yashwant Sinha, on Saturday said that the economy had started showing signs of a pick-up on line with the revival in the global economy. "We are looking forward to better days. There are signs of a pick-up in the Indian ... More

`Rollback not a blow to reforms'
NEW DELHI: THE rollback in the LPG price hike by Rs 20 should not be seen as a blow to the reforms process, the Finance Minister, Mr Yashwant Sinha, said while replying to a query after his meeting with RBI Board. "The hike was fairly steep. I ... More

Rs 3,446-cr rise in RBI advances to Centre
Loans and advances provided by RBI to the Union Government in the form of ways and means advances (WMA) have increased by Rs 3,446 crore to Rs 4,819 crore as on March 8 as against Rs 1,373 crore in the previous week, as per the Weekly Statistical ... More

PETROLEUM

LPG price hike cut by half
BOWING to pressure from its own allies and from Opposition, the Government on Saturday rolled back by half the hike of Rs 40 per LPG cylinder price it had proposed in the Budget 2002-03. The reduction in LPG price by Rs 20 per cylinder would ... More

SUGAR

Sugar: Sweet and sour of it
FOR the sugar industry, when it rains, it pours. After two decades under government thumb, the industry has seen a rapid relaxation of controls on production, distribution and pricing of sugar over the past two years (See box on policy ... More

Bracing for bitter challenges
WITH a greater say in the pricing of their inputs and finished products, the prospects for sugar majors appear set for an upturn over the next few years. However, if decontrol brings greater operational flexibility, it also creates as many ... More

Sweetening up, but risky still
OVER the next three years, the financials of sugar majors can be expected to benefit from the relaxation of controls on distribution, pricing and sugar production. However, large domestic surpluses and soft sugar prices will ensure that only ... More

Sugar: A slew of policy changes
AFTER mulling over the issue for several years, the Government appears to have gone on the overdrive over the past year announcing policy prescriptions for the sugar industry. The following policy announcements pronouncements were made since ... More

Cogeneration: Syrupy prospects?
WITH realisations on sugar set to fall, better utilisation of by-products will assume greater significance after decontrol. However, those players who have already adopted forward integration as a manufacturing strategy have had mixed ... More

`India is one of the most cost-effective producers' -- Mr Vivek Saraogi, CMD, Balrampur Chini Mills
WITH crushing capacities of 25,000 tcd now under its control, Balrampur Chini Mills appears to be among the players better prepared to meet the challenges of decontrol. The company recently announced forward integration plans to ... More

TEXTILES

Chinese textile delegation coming tomorrow
A NINE-member Chinese delegation, led by Mr Xu Kunyuan, Vice-President, China National Textile Industry Council is scheduled to hold official-level bilateral talks with the Textile Secretary, Mr S.B. Mohapatra, and senior officials of the Textile ... More

Textile quota deadline extended
COIMBATORE: The Union Ministry of Textiles has decided to extend the deadline of export quotas for all categories of textiles issued under the `Ready Goods' exports till March 28. The time extension will applicable to those export quotas ... More

INDUSTRY ASSOCIATIONS

Chamber hails TAMP order

CINEMA

Film Finances gets into act again, approaches FIPB
THE US-based issuer of film completion bonds, Film Finances Inc, has once again approached the Foreign Investment Promotion Board (FIPB) seeking permission to enter the country after the Government shot down its proposal earlier. In January ... More

Film outfits told to adopt corporate garb
CORPORATISATION of the film industry, a pre-requisite to its future growth and development, could be achieved by conversion of existing sole proprietorship or partnership entities into companies, a report by FICCI and law firm Amarchand Mangaldas ... More

DISINVESTMENT

PM defends divestment of blue-chip PSUs
THE Prime Minister, Mr Atal Bihari Vajpayee, on Saturday put on a spirited defence of disinvestment of the equities of blue-chip public sector companies, stating that "who will come forward if disinvestment of only loss-making public sector is ... More

FOREIGN DIRECT INVESTMENT

Minister stresses on pvt sector role in defence
THE time is ripe to formulate a policy framework that encourages private sector participation in the aerospace and defence sectors, according to the Union Minister of State for Defence, Mr U. Krishnamraju. The Government's recent decision to ... More

WTO

India takes EU to WTO over new tariff deal
INDIA has dragged the European Union (EU) to the World Trade Organisation (WTO) over its new tariff preferences for developing countries, which came into effect from the beginning of this year. In a communication to the WTO's Dispute Settlement ... More

EXPORTS & IMPORTS

$80-b export target `within range'
THE Government on Saturday concurred with the members of the Board of Trade that the $80 billion export target to be achieved by the end of the Tenth Plan (2006-07) is feasible by focussing on the need to reduce transaction costs and ensure a ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Top Stories
LPG price hike cut by half

Economy in for better days: Sinha

PM defends divestment of blue-chip PSUs

Watching action on the shopfloor — live: DSP finds a motivating tool for workforce

Tariff authority okays 10 pc average hike at Chennai port

In Depth
Inside Kashmir

Guide to derivatives

US-64

Looking back
Mar. 10-Mar. 16
Combined profit of PSUs up 9.22 pc in 2000-01 -- ONGC tops list with Rs 5,229 crore

Dividend tax stays: Sinha

Fiscal responsibility Bill -- Deficit limits to stay, but with changes