The Hindu Business Line : Wednesday, June 05, 2002

SIAM's new format for classification
THE Society of Indian Automobile Manufacturers (SIAM) has introduced a new classification format for automobile manufacturers to make it in line with international vehicle sales reporting pattern. The Chairman of the SIAM task force on vehicle ... More

CEMENT

Cement majors' despatches higher in May
ACC Ltd has reported an 18 per cent increase in cement despatches, year on year, for May 2002. Despatches were at 12.37 lakh tonne against 10.48 lakh tonnes for the same month of the previous year. Production rose 23 per cent to 12.64 lakh tonnes ... More

ECONOMY

Bloomers galore in Budget document
FINANCE Ministers - Central or State - and professional number crunchers have often been heard stating that the devil is in the detail. However, the whole legion of printer's (and publisher's) devils serenaded in the Kerala Budget ... More

ENVIRONMENT

Food for thought on World Environment Day
The view of a construction site in Bangalore. Will this years-old tree be another victim to increasing urbanisation?

Warning signals
A man at the traffic control booth in the middle of a congested street in Kolkata on Tuesday tries to highlight the occupational hazards of traffic policing. The stunt was staged to mark World Environment Day on ... More

FOREIGN TRADE

China keen to do more business with India
CHINA is looking forward to improving its trade ties with India and eagerly awaiting the visit of an Indian delegation invited to attend a trade show in Beijing in October, said Mr Zhang Yan Kai, Vice-Chairman of the China Council for the ... More

PSU

Roadshows in the offing -- Power PSUs to tap global markets: Prabhu
The Minister said that clearances for this programme (of capacity addition) would be expedited and all clearances should be in place within the next four to five months. "A special monitoring committee was chasing these projects as we did not want ei ther any time or cost overrun." More

POWER

Germany says thumbs down to N-power -- Will be a `zero' nuclear state by 2020
IN Germany the word nuclear is now taboo. Bowing to intense public pressure, spearheaded by the `Greens' and other activists, the German Government and the power utilities have agreed to wind up the active nuclear power programme. As per the ... More

Close revenue gap in 18 months, KSEB told
KERALA State Electricity Board (KSEB) has been directed by the State Government to take all steps to ensure that its revenue gap is closed within the next 18 months. A memorandum of understanding signed between KSEB and the Government also ... More

First independent distribution co begins operations -- BESCom targets Rs 2,300-cr revenue
Issues relating to transmission margins were being worked out, Mr Ramamurthy said adding that it would have to be finalised within the next three months, to comply with the deadline of the State Electricity Regulatory Commission. More

TRAVEL & PLACES

Visa processing hit at foreign missions
REDUCED staff at the certain foreign missions in New Delhi and Mumbai is affecting visa processing. This reduction in staff follows the May 31 travel advisory about the heightened tensions between India and Pakistan. The visa office at the ... More

EDUCATION

Egmont to set up pre-schools

INDUSTRY ASSOCIATIONS

FICCI ladies arm to embark on brand-building
THE 18-year-old FICCI Ladies Organisation (FLO) is all set to embark on a brand-building exercise and at the same time open more chapters to conduct its operations in a more decentralised manner. Ms Surekha P. Kothari, the recently elected ... More

FICCI to open office in Almaty to boost trade

CII hopes petro steps will pay

READYMADE GARMENTS

Bengal exporters seek land for apparel park
THE readymade garment manufacturers of West Bengal have once again approached the State Government for land to set up an apparel park for export-oriented units. Mr B.L. Somani, President of the West Bengal Garment Manufacturers and Dealers ... More

BIO-TECH & GENETICS

Karnataka team to showcase biotech potential in Toronto
A CII biotechnology team is leaving for Toronto on June 8 to participate in Bio 2002, an international biotech convention and conference. The 18-member team has a large contingent from Karnataka, including its Secretary for IT & Biotechnology, ... More

DISINVESTMENT

`No need to change shareholder pacts'
THE Union Government will not tinker with the shareholders' agreements for disinvestment deals despite the raging controversy on Tata-VSNL, the Union Minister for Disinvestment, Mr Arun Shourie, stated here on Tuesday. "Through this ... More

Parliamentary panel may discuss defence PSUs' divestment
A 40-member parliamentary consultative committee of the Defence Ministry will be here on Wednesday to meet officials of eight defence public sector units to assess the units' progress, ongoing activities and future programmes. Although an ... More

SOCIAL WELFARE

Kerala: Training for SC/ST students

RURAL DEVELOPMENT

Andhra Bank to open more rural focus institutes
THE Andhra Bank plans to set up two more institutes of rural development, one each in Andhra Pradesh and Orissa, to impart vocational training to farmers, artisans and others from the weaker sections of the society. These institutes to come up ... More

TRADE & LABOUR UNIONS

TN: Textile unions stage one-day hunger-strike
THE textile workers unions affiliated to different Central trade unions in Tamil Nadu today organised a one-day hunger strike in major textile centres across the State, seeking the Government to implement its order on payment of interim relief to ... More

Kerala: Agreement on reopening of estate

EVENTS

Green tech fair at Chennai
THE Environment, Energy, Water and Clean Technology (EEWAC 2002) exhibition and conference will be held in the city between June 21 and 23. According to Mr Unni Tharakan, Managing Director of Unitech Exhibitions Pvt Ltd, the event managers, ... More

INCOME TAX

I-T Dept hopes to dispose of Grayshott this time
The I-T Department has decided to put up the property for auction with a reserve price of Rs 27 crore. This time it is confident of finding a buyer at a price "higher than the reserve price" as the real estate market is looking up, according to relia ble sources. More

EXPORTS & IMPORTS

Changes in DEPB norms -- Special additional duty will hit exporters: CII
In a representation to the Government the chamber has pointed out that while the exporting community was happy with the continuation of the DEPB scheme, the sudden introduction of debiting of Special Additional Duty will have an impact especially whe n exports are showing a declining trend. More

Restore drawback on garments, handicrafts: FIEO
THE Federation of Indian Export Organisations (FIEO) has urged the Government to restore the drawback rates on garments and handicrafts to the pre-June 1 levels. In a statement, the FIEO Vice-President, Mr S.K. Saraf, said that the move to cut ... More

TOURISM

Visa troubles cause worry in travel, tourism industry
THE decision of the British High Commission to temporary suspend issue of visas from Delhi has come as a shock to the domestic travel and tourism industry. "The domestic tourism industry will be affected. However, they will not be the only ones ... More

ECONOMIC OFFENCES

AP: `Probe Janmabhoomi irregularities'

TRENDS

Might is right
Even though there is not much scarcity for water this year like that of last summer, there is still a scramble for the precious commodity. Instead of waiting for the tap to be opened, a woman climbs over the tank to draw water at Taramani in ... More

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RBI ropes in SEBI to tackle rogue borrowers -- Redefines `wilful default'

War fears delay Bharti, Data Access ILD plans

Visa troubles cause worry in travel, tourism industry

Dena Bank turns around; nets Rs 11.36 cr

US must crack whip on Pakistan now

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