Financial Daily from THE HINDU group of publications
Thursday, March 21, 2002
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INDUSTRY & ECONOMY

BUDGET


TN Budget on March 27
CHENNAI: The Tamil Nadu Budget for 2002-03 will be presented on March 27. This will be the second Budget to be presented by the AIADMK Government after it assumed office in May last. The Budget comes in the backdrop of a severe ... More

CONSUMER ELECTRONICS


Virtual versatility
The greatest hurdle the DVD player market faces is high prices. Analysts say it will be difficult to generate big volumes in this segment unless they cost less than Rs 7,000, a price comparable to VCD players. More

ECONOMY


Annual Plan outlay fixed at Rs 4,025 cr
KERALA'S Annual Plan outlay for 2002-03 has been finalised on the basis of identifiable resources at Rs 4,025 crore at a meeting between the Deputy Chairman of the Planning Commission, Mr K.C. Pant, and the State Chief Minister, Mr A.K. ... More

`Karnataka has fared well in investments'
IN a year marked by recession and the 9/11 syndrome, Karnataka seems to have done not too badly for itself during 2001-02 in investments, compared to most of the other States. The State tops the chart in foreign direct investments, both in ... More

  • Karnataka: Survey for ration cards

    ENVIRONMENT


    Plan to conserve Eastern Ghats
    THE Environmental Protection Training Research Institute here and the Tirumala Tirupati Devasthanam are jointly organising a three-day national seminar at Tirupati on the conservation of Eastern Ghats. According to the Director-General of ... More

    Environmentalists flay Govt policy on cashew plantations
    THE Dakshina Kannada Parisarasaktha Okkoota and Nagarika Seva Trust have strongly criticised the continued insistence of the Karnataka Government on `developing' cashew plantations in forest-land. Pointing out the dismal performance of the ... More

    HEALTH


    Polio — no longer a scourge
    Polio as a scourge still continues to haunt mankind even in the midst of breakthrough in science and medicine. Though the incidence of polio is being effectively countered by a concerted effort of the society as a whole, it still demands ... More

    PSU


    Cash-loss funding of PSUs to be stopped
    On VRS, the Government is encouraged by the fact that over the last couple of years a good number of employees had opted for voluntary retirement. In Keltron alone, more than 600 employees had opted for VRS. More

    PLASTICS


    Plastic exporters see lower growth -- Eye new markets in Latin America
    WITH an increased focus on the Latin American countries, exporters of plastic products from the southern States are expecting to end the year with a 15-per cent export growth. Though this would be a drop from the 20-per cent growth rate ... More

    POWER


    Rs 165-crore Tapti-Pipavav pipeline -- Race hots up for fuel supply to 615-MW Kribhco plant
    WITH Gujarat State Petronet Ltd (GSPL) all set to submit the feasibility report on laying a Rs 165-crore, 65-km, sub-sea pipeline connecting mid-Tapti fields with Pipavav, the race for sourcing fuel for the 615 MW power plant in Saurashtra is ... More

    TEXTILES


    Textile weavers call for bandh
    THE decentralised textile weavers and their trade bodies in Tamil Nadu have called for a one-day State-wide `bandh' on March 22 to protest levy of excise duty on hank yarn by the Centre. But indications are that the proposed `bandh' will be ... More

    WATER MANAGEMENT


    Karnataka CM's directive on borewells
    BANGALORE: All the Chief Executive Officers of zilla panchayats have been directed to get new borewells drilled and ensure the repair of borewells, wherever necessary, to mitigate drinking water scarcity. The Chief Minister, Mr S.M. ... More

    MEDICAL INSTITUTIONS & HOSPITALS


    Private hospitals hit the Net
    THE high standards set by Kerala in healthcare have been taken note of even by international organisations such as the WHO and other UN affiliates. If public healthcare infrastructure in the State is the toast of the world, the private sector ... More

    Scramble to grab organ-transplant jobs
    WITH competition in the corporate hospital sector hotting up in terms of providing a range of healthcare services in Hyderabad, organ transplant surgery is the new super-speciality that is emerging. Eye and kidney transplants are being ... More

    REAL ESTATE & CONSTRUCTION


    GO on unapproved layouts a damper for real estate biz
    The cumulative value of the properties that could not be sold and those that had been sold but were pending registration following the Government fiat not to register unapproved layouts without the requisite NoC, could be around Rs 2,500 crore to Rs 3,000 crore in Tamil Nadu. More

    LEATHER


    Closure of Kolkata tanneries -- Lufthansa holds talks with trade, exporters
    AMID growing fears among leather exporters, of cancellation of international flights from the city, Lufthansa has begun talks with leather traders and exporters to gauge the likely impact of the ongoing uncertainty in the tanneries, which were ... More

    ALUMINIUM


    Aluminium body call to develop new end-uses
    THE newly-elected President of the Aluminium Association of India (AAI), Dr S.K. Tamotia, has called upon members to evolve appropriate action plans to develop new end-uses and upgrade technology to meet global challenges, particularly in the ... More

    INDUSTRY ASSOCIATIONS


    Tax on premiums may hit life insurance sector: CII
    THE Confederation of Indian Industry (CII) has stated that the basic objective of insurance liberalisation of ensuring higher insurance penetration, and possibly a fall in premium rates over a period, might receive a setback with the imposition ... More

    SCIENCE & TECHNOLOGY


    Pact signed for India's first private satellite
    THE first Indian private satellite moved closer to reality with the satellite contract and shareholders' agreement between Agrani Satellite Services Ltd (ASSL), Alcatel Space Industrie (ASI) and Arianespace being signed here on ... More

    ISRO renews Thaicom lease
    BANGALORE: ISRO has once again renewed its lease with Shin Satellite for seven transponders on Thaicom-3. The lease is again for six months, ISRO and Shin officials confirmed. Shin has totally lent ISRO 10 Thaicom transponders in two ... More

    DISINVESTMENT


    Sterlite, Indo-Gulf bid for Hind Zinc
    The ANIL Aggarwal promoted Sterlite Industries Ltd and Indo-Gulf Corporation, part of the A V Birla Group, are understood to have submitted price bids for buying 26 per cent of the Government's stake in Hindustan Zinc Ltd (HZL) when the last date ... More

    ONGC mulls bidding for refining cos
    OIL and Natural Gas Corporation (ONGC) is considering making a bid for refining companies, Hindustan Petroleum Corporation Ltd and Bharat Petroleum Corporation Ltd (BPCL), when the Government disinvests its equity in these companies shortly, ... More

    Jessop EGM okays issue of demat shares
    THE issue of shares in dematerialised form was okayed by the shareholders of the engineering PSU - Jessop & Co - at an extraordinary general meeting on Wednesday. Jessop is now going through the divestment process and 74 per cent of its equity ... More

    Gas supply deal delaying IPCL divestment: Baijal
    The IPCL disinvestment is on the slow track because of the delay in the finalisation of the gas supply contract. According to Mr Pradeep Baijal, Secretary, Ministry of Disinvestment, the uncertainty over the long-term gas supply contract with ... More

    WTO


    India withdraws plea against WTO auto ruling
    INDIA has withdrawn its appeal against a World Trade Organisation (WTO) ruling that its automobile policy is inconsistent with its obligations under the General Agreement on Tariffs and Trade (GATT). The appeal was withdrawn on March 14, just a ... More

    RURAL DEVELOPMENT


    SBI charts big plans for Bengal self-help groups
    "Twelve of the 16 branches in Coochbehar have scope for direct agricultural lending. We disbursed about Rs 1.65 crore against a good number of kisan credit cards in 2001-02.'' More

    Changes soon in Panchayat Raj Act: Minister
    COMPREHENSIVE amendments will be made in the Panchayat Raj Act and a Bill to this effect will be introduced shortly, the PR and Rural Development Minister, Mr M.Y. Ghorpade, said in the Karnataka Assembly today. The changes are aimed at ... More

    Kerala: KVIB to start cyber cafes
    THIRUVANANTHAPURAM: Khadi and Village Industries Board will help set up at least one cyber cafe in each panchayat of Kerala under a self-employment scheme. The board will provide margin money to the tune of 30 per cent of the capital ... More

    EVENTS


    India for plan to check digital divide
    INDIA has made a strong plea for evolving a time-bound action plan to help the developing countries prevent digital divide. Speaking at a special session organised by the International Telecommunciations Union (ITU) in connection with the ... More

    Cos must recognise merit: Bajaj
    TO become internationally competitive, Indian companies must have quality in management, capability in product developmentand less interference by the owners, said Mr Rahul Bajaj, Chairman Bajaj Auto Ltd. He was addressing the industry at the ... More

    Persons of Indian Origin — a peeved lot
    THE persons-of-Indian origin (PIO) card does not carry a statement to say that its owner does not require a visa to enter India; moreover at $1000 it is expensive and its appearance shabby to boot, said several PIOs at a meeting on Wednesday with ... More

  • Thiruvananthapuram Engagements
  • Kochi Engagements
  • Kottayam Engagements
  • Hyderabad Engagements
  • Bangalore Engagements

    ENTREPRENEURSHIP


    The emerging personality of a small-scale entrepreneur
    WHEN I first read parts of David McClelland's (1961) book The Achieving Society, I was riveted by the thought of a small-scale entrepreneur's drive towards self-employment, as being a consequence of the need to achieve. In getting in ... More

    EXPORTS & IMPORTS


    Guidelines for new export promotion scheme unveiled
    The existing schemes such as EPIPs, Export Promotion Zone, Critical Infrastructure Balance Scheme and Export Development Fund for North-Eastern region and Sikkim would be merged with the new scheme. More

    ALTERNATIVE MEDICINES


    Exim meet on ayurveda/siddha
    COIMBATORE: Export-Import Bank of India (Exim Bank) will hold a business interactive meet on Siddha medicine and its business potential, including the scope for exports, here on March 23 and 24. This is the second interactive meet the ... More
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  • Top Stories
    `No retrospective tax effect on discount bonds'


    Bid to rejig manufacturing processes -- Production stopped at one Maruti unit

    `Security, privacy are top barriers to more connectivity'

    Retailing in for change in size, format: Survey

    LIC to discontinue children's policy

    PSU insurance cos fear cost escalation -- Embark on damage-limitation

    Wheat MSP to be hiked by Rs 15 per quintal -- Centre gives short shrift to CACP proposals

    Pact signed for India's first private satellite

    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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