Financial Daily from THE HINDU group of publications
Wednesday, March 20, 2002
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Financial Daily from THE HINDU group of publications Wednesday, March 20, 2002 |
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INDUSTRY & ECONOMY BUDGET Rs 2,770-cr surplus in UP Budget THE 2002-03 Budget for the Uttar Pradesh Government, placed in Parliament on Tuesday, proposes no fresh levies, leaving the State with a surplus of Rs 2,776.07 crore for the next fiscal. Presenting the U.P. State Budget in the Lok Sabha, the ... More COURTS/LEGAL ISSUES Tariff revision must for profitability, says CESC A DIVISION Bench of the Calcutta High Court comprising of Mr Justice A.N. Ray and Mr Justice M. Sinha on Tuesday placed the question, during the course of an argument, to CESC Ltd, as to how the base capital has been reduced by the West Bengal ... More ECONOMY US economy & markets: Downside risk remains After all, the growth rate fell from six per cent to sub-zero levels in the space of just twelve months, with sharp losses in manufacturing and jobs. More
Delhi Plan outlay fixed at Rs 4,700 cr
CII seeks steps to speed up reforms
UN food agencies urge more funds to end hunger ENVIRONMENT 
Save Nilgiris Campaign to organise summer treksHILL stations all over the country have gone the same way. Downhill. But for those on the plains, the fascination with the mountains still remains. The blue mountains of Tamil Nadu have their own allure, despite the total degeneration of ... More FERTILISERS Roll back fert price hike: Ajit AFTER LPG, pressure is mounting on the Centre to roll back the 5 per cent average fertiliser price increase announced in the Budget. And this time, it's none other than the Union Agriculture Minister, Mr Ajit Singh, who has taken up the ... More HEALTH IMA warning THIRUVANANTHAPURAM: The State unit of Indian Medical Association (IMA) has warned against indiscriminate use of Chinese and Korean medicinal preparations which, it is claimed, would provide instant relief for certain diseases. The IMA ... More PETROLEUM Diesel consumption takes a dip in Feb PETROLEUM products consumption has shown a 0.7 per cent decline in the April-February period, with diesel, considered the indicator of economic health, reporting a negative growth of 3.5 per cent during the last eleven months. In February, ... More POWER Govt likely to convert part of KPTCL loans into equity IN a bid to generate maximum value from divestments in the new unbundled electricity distribution companies (DisCom), the Karnataka Government is expected to convert a substantial portion of its outstanding loans into equity. Currently, the ... More
KSEB still in dire straits
TAXATION 
Tax on foreign cos to be lowered graduallyTHE Government today said that the corporation tax rate on foreign companies would be progressively brought down from the Budgetary proposal level of 40 per cent. Addressing a post-Budget meeting of the Indo-American Chamber of Commerce here, ... More TEXTILES Austrian fibre maker upbeat on `modal' Progressive textile companies in the South have taken their lessons on value-addition seriously and they are trying their hand at high-end products using new grade man-made fibres. More SSI Coimbatore SSIs chary of investments? The President of the Coimbatore SSIs' association said the developments in Gujarat and UP, besides the month-long strike by Government employees in Kerala, came at a time when the industry normally witnesses the year-end pick-up in demand. More MANAGEMENT EDUCATION Promoting Kannada in border areas BANGALORE: The Border Area Study Report has recommended the setting up of a Border Area Education Directorate to foster the growth of Kannada language and education. The report has also favoured a special allocation in the State and ... More GEMS & JEWELLERY Jewellers fight shy of `Hallmarking' ornaments UNTIL recently, buyers of gold jewellery were not too sure about the quality of the jewels offered by a store. Yet the demand continued to rise, by virtue of customs and traditions, apart from fashion and style. But buyers are now becoming ... More REAL ESTATE & CONSTRUCTION NAC inks pact with CIDB HYDERABAD: The National Academy of Construction and the Construction Industry Development Board of Malaysia would be shortly entering into a memorandum of understanding for exchange of views and knowhow in the field of ... More
AP Govt embarks on major housing programme INDUSTRY ASSOCIATIONS Asian business gets a powerful voice CEO-level corporate leaders with business operations stretching across India and the Far East today joined hands and came under one roof to announce the formation of the Asian Business Council (ABC). According to the Executive Director of ABC, ... More
BIO-TECH & GENETICS Bangalore to host bio-tech meet THE Karnataka Government's task-force on bio-technology, Vision Group on BT, is preparing to host Bio 2002 — the platform to showcase biotechnology in healthcare, nutraceuticals and the pharma industry. On whether the Karnataka was ... More FOREIGN DIRECT INVESTMENT OECD study on China, an eye-opener for India The nub of the OECD study is that the Chinese economy must undergo fundamental adjustments to reap the full benefits of further integration into the world economy. This amounts to a "substantial reallocation of resources among economic sectors and a major restructuring of the business sector''. More RURAL DEVELOPMENT Nabard sanctioning at fast clip NABARD is in a hurry to sanction the Rs 5,000-crore Rural Infrastructure Development Fund (RIDF) for 2001-02. The institution sanctioned Rs 1,037.14 crore under RIDF VII to 16 States last week. This includes funds for 15,799 irrigations projects, ... More HUMAN RESOURCES 
Designs to make people work betterA LARGE number of work-related injuries, physical disabilities, muscular pains, disorders in the nervous system, eye defects, and even morbidity or depression are attributed by doctors to "ergonomic hazards" that are to be found in most ... More TRADE & LABOUR UNIONS Salary advance to Kerala Govt staff THIRUVANANTHAPURAM: In a conciliatory gesture, the State Government has decided that those employees who participated in the recent 32-day-old general strike in the State will receive a 15-day advance of their next salary from March 20. ... More INTERVIEW 
Drinking water for all in five years: T.M. Jacob`The State Budget was prepared by about 70 officials during the month-long strike by Government employees, as against 700 who used to do this job in the past. This clearly indicates the working pattern.' More EVENTS EXPORTS & IMPORTS More sops for domestic area suppliers likely THE Finance Ministry is set to extend more sops, including tax breaks to suppliers sending goods from the domestic tariff area (DTA) to the special economic zone (SEZ) in the forthcoming Exim Policy. According to official sources, the Finance ... More NATURAL CALAMITIES Surfing to save lives The men are out at sea, while the womenfolk are... no, not repairing nets or cooking food but surfing the Net for the latest weather bulletins. More
Gujarat quake-hit areas -- Duty waiver extended for housing inputs ECONOMIC OFFENCES Parliamentary panel in last leg of stock scam probe THE Joint Parliamentary Committee probing the securities scam, which surfaced in March 2001, is in a wrap-up mode as regards its report. It met on Monday for "internal deliberation" to finalise the structure of the report. It will begin the ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories 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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