Financial Daily from THE HINDU group of publications
Tuesday, April 16, 2002
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INDUSTRY & ECONOMY

AUTOMOBILES


Turbo-charged mobikes save auto sector blushes in 2001 -- Q4 sales surge rescues cars
A SHARP rise in sales at the fag end of the year helped passenger car sales hold steady in 2001-02 while motorcycles maintained a robust 37 per cent sales rise, according to industry data. Aided by strong sales in the last quarter of 2001-02, ... More

ECONOMY


  • Karnataka: JD(S) chief warns of debt trap

    FOREIGN TRADE


    India, Croatia to step up bilateral trade
    INDIA and Croatia have agreed to take steps to further increase and diversify bilateral trade on a mutually beneficial and balanced basis. The bilateral trade was reviewed at the Sixth Session of the Indo-Croatian Joint Committee on Trade and ... More

  • Kerala: Foreign trade extension counter
  • Italian team to visit Bangalore

    HEALTH


    Health policy to be finalised soon: Krishna
    BANGALORE'S Jayadeva Institute of Cardiology will soon move into its new premises on Bannerghatta Road. The 13-crore hospital complex has a bed strength of 550. Inaugurating the new building today, the Chief Minister, Mr S. M. Krishna, said ... More

    POWER


    Gridco to supply 250 MW power to Karnataka -- Pact to be signed after wheeling glitches are removed
    GRID Corporation Ltd (Gridco), the power transmission utility of the Orissa Government, is entering into an agreement with the Karnataka Power Transmission Corporation (KPTCL) for the supply of 250 MW of power. The power purchase agreement is ... More

    CII concerned at slow pace of power reforms
    THE Confederation of Indian Industry (CII) has expressed concern at the slow process of privatising the country's power sector. Stating that the privatisation process was an essential prerequisite to usher in much-needed reforms and render the ... More

  • CEA team visits Bellary project site
  • Solar power plant for Vidyut Soudha

    TEXTILES


    Dhaka ban on cotton yarn imports irks textile trade
    The National Board of Revenue of Bangladesh imposed the ban on imports of Indian yarn with effect from March 11, while the decision to increase the import duty on Indian yarn from 7.5 per cent to 17.5 per cent was announced on Saturday. More

    SSI


    `SSIs hit hard by power tariff revision'
    THE Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has asked the Government to make a provision of Rs 50-Rs 60 crore in the Budget to be paid to the Karnataka Power Transmission Corporation (KPTCL) to mitigate the burden of ... More

    EXIM POLICY


  • `Exim policy growth-oriented'

    BREWERIES


  • Kerala: Bishops oppose decision on toddy

    CARS


    Daewoo's loss is others' gain
    CAR makers in the country have feasted on the problems plaguing Daewoo Motor India, with seven of the 10 manufacturers managing year-on-year sales growth in 2001-02 despite an almost flat market, latest data showed. Daewoo Motors India Ltd, the ... More

    INDUSTRY ASSOCIATIONS


    Need for clear manufacturing policy: CII
    THE Confederation of Indian Industry - Southern Region (CII-SR) wants the States to frame a separate manufacturing sector policy. Highlighting the CII-SR's initiatives in the region for 2002-03, Mr T. Kannan, who has taken over as the CII-SR ... More

    FICCI seeks panel to review abatement rates
    THE Federation of Indian Chambers of Commerce & Industry (FICCI) has requested the Government to constitute a committee to review the abatement rates as they have a direct impact on the industry. Besides, the Government should also involve the ... More

    KNITWEAR & HOSIERY


    Tirupur cluster development -- Textiles Committee may take over from Unido
    THE Textiles Committee, the statutory body under the Union Textile Ministry, is likely to assume the role of a facilitator for the Tirupur cotton knitwear cluster development programme (CDP). It will take over from the United Nations Industrial ... More

    SCIENCE & TECHNOLOGY


    India, Myanmar ocean study in Andaman Sea
    INDIA and Myanmar will conduct the first joint oceanographic study in the Andaman Sea to organise a multi-disciplinary field data and sample collection in the shelf and slope regions influenced by the Irrawaddy River. The joint exercise to ... More

    Projects in Indian Ocean
    CHENNAI: A FEW important oceanographic projects in the Indian Ocean are on the anvil, including the Argo programme and GOOS (Global Ocean Observation System), said Mr Harsh K. Gupta, Secretary, Department of Ocean Development, Government of ... More

    CSIR to close shop in Kerala
    NEERI and CECRI, two CSIR centres in Kerala for which the State had made concerted efforts three decades ago, are to be closed down shortly without the State Government being consulted. More

    MINERALS


    Mineral output in Feb valued at Rs 4,499 crore
    NEW DELHI: The total value of mineral production, excluding atomic and minor minerals, in the country during February 2002 was Rs 4,499 crore. Coal accounted for 44 per cent of the value estimated at Rs 1,958 crore followed by petroleum ... More

    CINEMA


    Little gains from rate hike for theatres in small towns
    Given the onslaught of television and the availability of multiple channels of entertainment which has led to a fall in the occupancy rate in cinema houses, most theatres would have to ponder over any enhancement of entrance charges More

    Bollywood hits rough patch
    BOLLYWOOD is still searching for that elusive hit to prop up the industry. And, the first three months of 2002 have been quite disastrous, with the film industry losing close to Rs 30 crore. During the period, about 13 films hit the screens ... More

    DISINVESTMENT


    SCI asked to put investment decisions on back-burner
    THE Ministry of Disinvestment has advised Shipping Corporation of India (SCI) to defer taking major commercial investment decisions till the Government successfully concludes the deal to induct a private strategic partner. In a recent ... More

    Finolex group submits EoI for Hind Copper
    THE Finolex group has submitted an expression of interest (EoI) for buying the entire equity held by the Union Government in Hindustan Copper Ltd (HCL). The Union Government has invited EoIs from bidders interested in acquiring 98.95 per cent ... More

    RURAL DEVELOPMENT


    Mandatory audit for local bodies
    THE Andhra Pradesh Cabinet has made it mandatory for local bodies and panchayat raj bodies to get their accounts audited by a Chartered Accountant (CA). A panel of private CAs would be prepared soon, according to the State Minister for ... More

    EVENTS


    Workshop on CRZ norms
    THE Cochin University of Science and Technology and the DELFT University of the Netherlands have jointly conducted a workshop on `Existing coastal zone regulations and People's Planning Programme' at Chellanam Panchayat, a coastal village in the ... More

  • Print & Pack trade show

    TOURISM


    Tourism an effective antidote to terrorism, extremism: PM
    "Just as terrorism is a foe of tourism, tourism, in the broadest sweep of its effects, is an antidote to terrorism and extremism," Mr Vajpayee said, while delivering the inaugural address at the 51st annual session of the Pacific Asia Travel Associat ion (PATA) meeting. More

    AP: `Virtual tour' for a hectic sight-seeing
    Walk in City aims to familiarise the person with the topography of the regions, its significant areas, landmarks and lifestyles. More

    Cultural village to come up near Golconda Fort
    THE Minister for Tourism and Culture, Mr. T. Srinivas Yadav, on Monday laid the foundation stone of a cultural village at Taramati Baradari, near the Golconda Fort, which is to take shape as a prestigious project of the State Tourism ... More

    Rs 50 lakh for Fort Kochi preservation
    KOCHI: The Minister for Fisheries and Tourism, Prof K.V.Thomas, has said that the Union Government will grant Rs 50 lakh for the second phase of the Fort Kochi heritage preservation project. Nearly 95 per cent of the work in the first ... More


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