The Hindu Business Line : Tuesday, March 26, 2002

`Anti-dumping rules protect inefficient US steel sector'
The anti-dumping duty on certain steel products by the US was aimed at protecting the interests of the domestic steel industry "which is highly inefficient'', Mr B. Muthuraman, Managing Director, Tata Steel, said. More

Tata Steel MD calls for long-term vision
If we are satisfied to ``fall into the definition of not developed'' and be happy that the duties were not imposed on the country because of this, ``then it would be a sad thing." More

ECONOMY

Budget figures show poor marksmanship by Government: CAG
THE Comptroller and Auditor-General of India (CAG) has characterised the Union Government finances as a `paradox', because despite the contraction in Government expenditure, its fundamental fiscal problem appears intractable'. In a report of ... More

`Top priority for poverty eradication'
THE Kerala Government proposes to dovetail its efforts aimed at eradicating poverty with tuberculosis prevention programmes in the State, according to the Chief Minister, Mr A.K. Antony. Delivering the inaugural address at a State-level ... More

XLRI growth plan for Jharkhand Govt
FOR the first time, the Planning Commission has asked a private institution to prepare a growth plan for a State Government. A few months back, XLRI was mandated by the commission to prepare one such report for the newly-formed State of ... More

AP CM offers to work with CII on main goals
ATTRACTING investments including foreign direct investments to Andhra Pradesh and achieving labour effectiveness are the main issues before the State and the Government is ready to work with the Confederation of Indian Industry towards them, the ... More

Chemicals sector leads investment in Bengal
LED by Indian Oil Corporation, which has invested around Rs 765 crore, the chemicals and pharmaceuticals sector has emerged as the segment that has brought in the maximum investment in West Bengal over the last few years. This has been revealed ... More

ENVIRONMENT

Bangalore leads in lead poisoning
ALONG with sobriquets such as the Garden City, Silicon Valley of India, Pub Paradise and others, Bangalore may soon add a new tag to itself— the Lead City. The air here is apparently loaded with lead that it has started telling quite early ... More

POWER

Setback to SEBs' plans to retire high-cost funds -- PFC, REC say no to prepayment of loans
THE State Governments' attempts to reduce the debt burden of their respective power utilities have run into trouble, with the Power Finance Corporation (PFC), the Rural Electrification Corporation (REC) and the financial institutions (FI) ... More

APERC tariff revision to fetch addl Rs 212 cr
POWER consumers in Andhra Pradesh are set to suffer an additional burden of around Rs 212 crore during the next fiscal year 2002-03, with the AP Electricity Regulatory Commission (APERC) approving a tariff hike of three per cent for domestic ... More

Naidu defends hike, targets captive plants
DEFENDING power tariff hike as an integral part of the rationalisation process and ongoing reforms in the power sector, the Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, hinted at a move to levy duty and wheeling charges on captive ... More

NTPC move to cut power supply to Kerala -- It's illegal, says Minister
After a long respite, Kerala is facing the threat of extended periods of daily power shutdown with the NTPC hardening its stand. The NTPC notification amounts to showing disrespect to the country's legal system, says the State Electricity Minister. More

TEXTILES

Dhaka ban on yarn import via landports irks exporters
THE sudden ban by the Bangladesh authorities on the import of all varieties of yarn into the country through India-Bangladesh land ports has upset Indian yarn exporters, who feel that the blanket ban will neutralise the geographical advantage ... More

$1-b target set for powerloom exports
THE Union Ministry of Textiles has for the first time has fixed an export target of $1 billion for powerloom textiles for the 2002-03 fiscal. The move to set a separate export target comes in the wake of requests from powerloom textile ... More

REAL ESTATE & CONSTRUCTION

Virtual training centres sought
HYDERABAD: The National Academy of Construction (NAC) here should establish a permanent exhibition of construction industry equipment and accessories. The academy should also set up virtual training centres and a construction ... More

DISINVESTMENT

CCD meet tomorrow to discuss revenue formula in ITDC sale
THE Union Government will share half of the incremental value of land with State Governments while selling ITDC properties set up through joint venture with States. A proposal in this regard will be considered by the Cabinet Committee on ... More

EVENTS

`India becoming hub for drug contract research'
The human genome mapping has triggered explosive growth in drug targets. However, the increasingly higher spending on R&D has been found to be insufficient. More

Students urged to work with vision
THE former Scientific Advisor to the Prime Minister, Dr A.P.J. Abdul Kalam, today exhorted the graduates of XLRI to have a vision before them to attain excellence in their respective fields of work. He was delivering the convocation address at ... More

Hyderabad Engagements

EXPORTS & IMPORTS

EPCG, DFRC schemes -- Govt to relax norms for exporters
THE Government is set to relax crucial norms stipulated for exporters availing of benefits under the Export Promotion Capital Goods (EPCG) and Duty Free Replenishment Certificate (DFRC) schemes in the forthcoming Exim Policy. According to ... More

TOURISM

View tower for Hyderabad proposed
HYDERABAD: A view tower of more than 200 metres in height consisting of a revolving restaurant, telecommunication facilities, a shopping mall and others is proposed to be built as tourist attraction in Hyderabad. Efforts are on to ... More

PEOPLE

Bangalore scientists honoured
TWO Bangalore-based scientists from the Aeronautical Development Agency received the Padmashri awards from the President, Mr K.R. Narayanan, recently, for spearheading the Light Combat Aircraft programme. According to the citation, Dr Kota ... More

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