Financial Daily from THE HINDU group of publications
Tuesday, March 19, 2002
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INDUSTRY & ECONOMY

ANTI-DUMPING


S Africa drops dumping case
NEW DELHI: South Africa has dropped the anti-dumping case initiated against all imports of Indian leather footwear into that country. Confirming this development, a senior Department of Commerce official told presspersons here that the ... More

COURTS/LEGAL ISSUES


5-member panel to look into suits against Bengal ERC
THE Chief Justice of Calcutta High Court has constituted a five-member committee for framing Rule with respect to hearing of matters challenging the recommendation of the State Electricity Regulatory Commission (SERC). This is regarding revised ... More

ECONOMY


Jalan puts growth rate at 6-6.5%
THE Reserve Bank Governor, Dr Bimal Jalan, today said that fiscal 2002-03 should witness a growth rate of 6-6.5 per cent. Dr Jalan was of the view that this year should be better than 2001-02. "There are some positive signs. There has been a ... More

PM hints at tough steps
THE Prime Minister, Mr A.B. Vajpayee, has served notice of unpopular decisions underway to reverse the grim fiscal situation and to achieve a GDP growth rate of eight per cent. The growth rate of 5.4 per cent achieved this year was alright in ... More

Opposition warns of debt trap
NEW DELHI: THE Opposition has warned of an internal debt trap looming considering the massive shortfall in revenues this year and the precarious financial condition of States. According to former Finance Minister, Mr Pranab Mukherjee, ... More

ENVIRONMENT


Discharge of effluents into sea -- Fishermen demand action against shrimp farms
SHRIMP hatcheries situated along the coast in East Godavari district are letting out untreated effluents into the Bay of Bengal polluting marine resources, say local fishermen. They want the Andhra Pradesh Government and the State Pollution ... More

  • IBRD aid for forest conservation

    EXCISE AND CUSTOMS


    Customs EDI system in limbo: CAG
    EVEN as the Exim Policy promises to usher in electronic data interchange (EDI) year after year in a bid to bring down high transaction cost to trade, the Indian Customs Electronic Data Interchange System (ICES) remains virtually in a limbo, says ... More

    FOREIGN TRADE


    `SAFTA must be expanded to include trade in services'
    TO ensure a genuine South Asian Free Trade Area, SAARC members should look at trade in services unlike SAPTA (SAARC Preferential Trading Arrangement), which is restricted to trade in goods only, said Mr Q.A.M.A. Rahim, Secretary-General, ... More

    HEALTH


    AP Govt moots steps to tackle AIDS menace
    SENTINEL surveillance reports and the information available from various blood banks in Andhra Pradesh indicate that the HIV afflicted are growing rapidly in coastal districts and other parts of the State. In order to tackle the growing social ... More

    PSU


    Kerala PSU does an Arthur Andersen
    There is loud thinking whether Kerala's success in family planning could be replicated in the public sector too. Those running coalition Governments have a vested interest in seeking to maintain unviable PSUs if only for the fact that they double up as the next best resting place for failed politicos with nuisance value. More

    PETROLEUM


    Free market throws up new equations -- Essar offers to market Reliance petro products
    TILL yesterday, the Ruias of Essar avoided the Ambanis of Reliance. Today they are at hand-shaking distance, with Essar Oil, officially writing a letter about three days ago offering to market petroleum products made by Reliance. Both the ... More

    Reliance, L&T in race for Petronet pipeline project
    THE Reliance group, L&T and the Moscow-based Sun group of Khemkas (as part of a consortium of Russian companies) are in the final race for the EPC contract for Petronet's Central India pipeline project. The three companies which have ... More

    Exim Policy may keep petrol, diesel in canalisation mode
    THE forthcoming Exim Policy is set to continue with the existing system of canalising procurement of petrol and diesel through State trading companies, according to officials. This means that if any corporate, particularly a multinational such ... More

    STEEL


    Playing catch-up with global majors... Steel cos set to hike prices
    THE spectre of a prospective recovery in economies worldwide has presented steel makers with a chance to increase prices and improve battered bottomlines. In tune with announcements made by manufacturers abroad, Tata Steel too will be ... More

    SAIL yard poised to down shutters
    STEEL Authority of India Ltd's only steel yard in Kerala is on the verge of closure on the grounds that it has become unviable. According to SAIL sources, an advertisement had been run in the papers for selling the yard's 15 acres of land ... More

    TECHNOLOGY


    Defence labs offer technology for free
    IN a bold initiative, defence laboratories are all set to present their technologies to the industry for possible transfer with a no technology-fee offer. In May this year, a majority of the 52 national laboratories of the Defence Research and ... More

    TEXTILES


    Panel moots easy import of select textile fabrics
    THE high-level committee for the Exim Policy 2002-07 has recommended an easier import regime for textile fabrics such as tensel, lycra and Ranil. In its report, submitted to the Department of Commerce, the committee has also made a case for a ... More

    SSI


    SSIs seek subsidised power supply
    THE Karnataka Small-Scale Industries Association (KASSIA) has called for power supply at subsidised rates to prevent closure of small units. In its pre-Budget memorandum, the association said that the steep hike in power tariffs had adversely ... More

    WATER MANAGEMENT


    `Water scarcity weighs on investments in TN'
    The study pointed out that establishing their own sources of water and maintaining power generators had pushed up companies' costs, making them uncompetitive in the export market. More

    BEVERAGES


    Small soft drink makers to chalk out survival plan
    THE soft drink manufacturers of Dakshin Kannada and Udupi districts of Karnataka plan a State-wide campaign to focus on the various threats faced by them. Addressing a press conference, representatives of the Dakshin Kannada and Udupi Soft ... More

    MEDICAL INSTITUTIONS & HOSPITALS


    Corporate hospitals in fray for export of skilled manpower
    Globalisation has opened up new opportunities alongside challenges. There is cut-throat competition among hospitals in offering services to patients of different ailments at reduced rates. More

    REAL ESTATE & CONSTRUCTION


    Unapproved plots in Coimbatore get a raw deal
    A VISIT to Coimbatore gives the impression of a well-planned city with tree-lined, well-lit roads and spacious bungalows that testify to its economic prosperity. One comes across road signs that announce litter-free zones further giving rise to ... More

    KNITWEAR & HOSIERY


    `Cover DTA exports under Exim Policy'
    TIRUPUR knitwear exporters have asked for conferring similar export incentives currently given to export-oriented units (EOUs) to the domestic tariff area (DTA) garment exports as well. This could be done by introducing a new category called ... More

    DISINVESTMENT


    Ordnance units will not be privatised: Fernandes
    THE Defence Minister, Mr George Fernandes, has ruled out the possibility of privatising any of the Ordnance Factory Board's (OFB) production units. Not only will all the 39 existing factories remain under the board, OFB has also been allowed to ... More

    EVENTS


    `Need to promote awareness of satellite-aided rescue system'
    WITH the press of a panic button, at least, a hundred lives are almost instantly saved each month worldwide thanks to the satellite-aided search and rescue (SAR) system. In the past 12 years, already, over 13,000 users of these special ... More

    Shourie leads team to development meet in Mexico
    THE Union Minister for Disinvestment and North-East Development, Mr Arun Shourie, is leading a high-level Indian delegation to the five-day international conference on finance for development, which got under way on Monday in Monterrey, ... More

  • Thiruvananthapuram/Kochi Engagements
  • Bangalore Engagements
  • Hyderabad Enagagements

    SOCIETY & DEVELOPMENT


    For her, happiness springs from giving
    MS SUDHA Murty, Chairperson of Infosys Foundation, works 18 hours a day and through weekends to make a difference to people who need help the most. In an interview to Business Line, Ms Murty elaborates on what drives her to do what she ... More

    EXPORTS & IMPORTS


    Corporates told to take a re-look at Russia market
    THE Minister of State for Commerce and Industry, Mr Rajiv Pratap Rudy, has urged the Indian corporate sector to have a re-look at the opportunities emerging in Russia. Inaugurating a seminar on "India-Russia Together'' organised jointly by the ... More

    Bid to boost exports to Latin America
    IN a bid to further strengthen trade ties between India and the Latin American countries (LAC), the Minister of State for Commerce and Industry, Mr Rajiv Pratap Rudy, will lead a Federation of Indian Export Organisations (FIEO) delegation to the ... More

    EOUs irked by move to dilute DTA sale facility
    IN the run-up to the Exim Policy to be announced on March 31, export-oriented units (EOUs) and units located in Export Processing Zones (EPZs) seem to be a worried lot, with the reported move to withdraw or dilute the Domestic Tariff Area (DTA) ... More

    TOURISM


    Berlin Mayor opens Kerala pavilion at ITB
    THE Lord Mayor of Berlin, Klaus Wowereit, inaugurated the Kerala pavilion at ITB Berlin, a leading European tourism fair in the German capital. An official of the Kerala Department of Tourism quoted Lord Wowereit as saying that he held special ... More
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  • Top Stories
    Jalan puts growth rate at 6-6.5%


    Free market throws up new equations -- Essar offers to market Reliance petro products

    Mobile subscriber base crosses 6 m

    Tea Board moves ad council to stop Dandi salt campaign

    Will securitisation turn out to be a vibrant industry?

    Playing catch-up with global majors... Steel cos set to hike prices

    Motor insurance set to rise sharply

    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

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

    The Budget and its fineprint

    Industrial drag persists in Jan

    ONGC rider on gas supply puts IPCL sale in a limbo

    Interest cut on I-T refunds

    Feb car sales take highway

    House panel slams Govt on petrol cess redirection

    Govt rethink on powers to hike excise rates

    Oil refineries face hike in insurance premiums

    Third World to post modest growth: IBRD

    Govt retirement schemes for pvt sector employees?

    Paper trade getting out of the woods

    No going back on reforms, says Antony

    Scrutiny norms for export cargo eased

    Govt reviews crude oil price rise

    Tax base wider; but little change in mop-up: CAG


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