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Sunday, June 02, 2002

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INDUSTRY & ECONOMY

ECONOMY


Uncle Sam's report card
THE latest Financial Report of the US Government has, for the first time, presented data to facilitate comparative analysis, and also added two new financial statements, viz. the reconciliation of net operating revenue/(cost) to the Budget ... More

Bank credit up Rs 7,885 cr
BANK credit has registered an increase of Rs 7,885 crore over the fortnight to Rs 6,42,195 crore as on May 17, according to the weekly statistical supplement of the Reserve Bank of India. Food credit rose by Rs 1,793 crore to Rs 58,793 crore ... More

PETROLEUM


Petrol price hike likely on Monday
THE Government will announce on Monday a hike in the retail prices of petrol and diesel, besides a reduction in the excise duties on these two products, the Petroleum Minister, Mr Ram Naik, said on Saturday. Indications are that petrol prices ... More

POWER


HC ruling on CESC tariff will have ramifications
THE order delivered by the Calcutta High Court relating to the CESC tariff issue is being considered to be a far-reaching one and not only because it is the first such case of its type. Among the issues which have attracted interest are that ... More

COAL


CIL panel okays 6 greenfield projects
According to the CIL source, the public sector coal companies have been assured by the Union Ministry of Energy that at least 19,665-MW new generation capacity based on coal will be added to the system within the Tenth Plan. More

EDUCATION


  • IIFT gets deemed varsity status

    PAPER, BOARD & NEWSPRINT


    Paper and paper boards: The long shadow of sluggish prices
    The decline and the sluggish trends in various paper varieties have come about despite the high degree of consolidation at the global level and producer side discipline. This only reflects the weakness in underlying demand. More

    Reams of trouble
    THE profitability of paper companies declined in 2001-02. The difficult industry environment is also reflected in the valuation of the paper industry stocks that have languished in the last year or so. Even as the industry looks up for an ... More

    Global trail of paper industry
    THE global paper industry scenario has undergone more rapid changes in the past decade than at anytime earlier. Here is a look at some of the interesting aspects and trends at the global level:

  • The global paper industry churns out around ... More

    Stay with these papers for now
    Recommendations:
    Ballarpur Industries: Hold/Avoid fresh exposures
    TNPL: Hold/Buy on declines
    West Coast Paper: Hold
    JK Paper: Hold
    Seshasayee Paper: Hold More

    SMALL SAVINGS


    Public Provident Fund: Cash in on the returns
    IT is difficult times for the small investors. Interest rates are at an all-time low. The investment climate is not too conducive, and the equity market too risky. So, what are the options available to the small investor? Small-saving schemes ... More

    FOREIGN DIRECT INVESTMENT


    100% FDI plan in tea plantation raises queries
    THE decision by the Group of Ministers to recommend 100 per cent foreign direct investment (FDI) in tea plantation to the Union Cabinet for implementation has raised a few queries. Even as per the extant guidelines of the RBI under the ... More

    EVENTS


  • ITCOT seminar

    INCOME TAX


    Service tax, PPF and standard deduction
    WILL service tax paid on medical insurance premium qualify for deduction under Section 80D? T. Hari Ramanan Reply It appears that the service tax paid on the medical insurance premium will ... More

    EXPORTS & IMPORTS


    Exports recover, up 18% in April
    AFTER a low export growth of 0.08 per cent against the pruned three per cent target in the last fiscal, the first month of the current fiscal export performance looked up with exports fetching $3,680.89 million, marking a hefty 18.17 per cent ... More

    Exporters made to pay demurrage charges for block at Petrapole
    THE Federation of Indian Export Organisations (FIEO) has urged the West Bengal Government to immediately intervene and put an end to the truckers' strike which has hit exports to Bangladesh via Petrapole from May 24. Exports through the ... More

    Duty drawback rates cut for 450-500 items
    THE Government on Saturday revised duty drawback rates for close to 850 items following changes in tariffs made in this year's Budget. Duty drawback is an incentive to compensate exporters for customs and excise duties borne on inputs used in the ... More

    ECONOMIC OFFENCES


    Gond suspended
    THE Union Government has suspended Mr A.K. Gond, Commissioner of the beleaguered Seamen's Provident Fund Organisation, to facilitate a "free and fair" probe into the gilts scam. The order for suspending Mr Gond was cleared by the Union Shipping ... More

    PEOPLE


  • Tharoor to head key UN branch

    TRENDS


    UN joins West in pulling out India staff
    GERMANY and France on Saturday joined the growing list of western nations, led by the US and the UK, which have asked their citizens to leave India in view of the on-going tension between India and Pakistan. The United Nations also decided to ... More
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  • Top Stories
    Contract farming -- Rallis ties up with SBI; replaces ICICI Bank


    Cos will be able to pay dividend to pref shares from capital -- Act change in wake of telecom row

    Uncle Sam's report card

    Petrol price hike likely on Monday

    100% FDI plan in tea plantation raises queries

    Exports recover, up 18% in April

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives

    Looking back
    May. 26-Jun. 1
    Sharp rise in domestic prices -- Tyre makers seen importing rubber

    Fiscal deficit set to end closer to 6 pc -- Rs 10,000-cr revenue shortfall seen

    Yet another normal monsoon forecast

    Confidence in strong global recovery waning, says BIS

    Balmer Lawrie sell-off in two phases finalised

    Export trend shows diversification to small nations


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