Financial Daily from THE HINDU group of publications
Thursday, June 20, 2002
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INDUSTRY & ECONOMY

ANTI-DUMPING


Duty on sodium tripoly phosphate imports imposed
THE Finance Ministry has imposed provisional anti-dumping duty on imports of sodium tripoly phosphate (STPP) from China and Taiwan. STPP is used as an input material for the manufacture of detergent products. It is also used in the ceramics ... More

ECONOMY


Pick-up in non-food credit — Economy on revival path?
IS the economy at long last crawling out of a four-year-old depression? None is sure least of all bankers though some admit to a crisp pick-up in non-food credit in the first two months of the current financial year. Blessed with long memories, ... More

FOREIGN TRADE


Thailand keen on trade ties with India
THAILAND is committed to expanding co-operation with India bilaterally and at regional level and the Prime Ministers of the two countries have agreed to study the possibility of establishing a free trade area, according to Mr Bandhit Sotipalalit, ... More

US keen to strengthen ties with India
THE Chairman Senate Foreign Relation Committee, Senator Joseph R. Biden, said that "there is no bilateral relationship that is more important than the relationship between India and US". Addressing the Federation of Indian Chambers of Commerce ... More

HEALTH


Medicos seek policy on cardio-vascular diseases
MEDICAL professionals have expressed grave concern at the lack of a policy to deal with cardio-vascular diseases (CVD) in the country, even as the number of deaths caused by CVD is set to double to about 5 million by 2020. Dr D.S. Gambhir, CEO ... More

PSU


Govt mulls new classification beyond Navaratna for PSUs
THE Government is reviewing the system of signing memorandums of understanding (MoU) with State electricity boards (SEBs) and public sector undertakings to enable them adopt best management practices and may create a new category beyond the ... More

PETROLEUM


Lube sales growth points to recovery of economy
WHILE analysts have been busy scanning diesel sales, the traditional gauge of economic health, oil companies insist that it is the sales volumes of lubricants that are proof that the Indian economy may be well on its way to recovery. The ... More

POWER


Exchange rate variation hits Karnataka guarantee capacity
The exchange rate calculated in the power purchase agreements is Rs 44 per dollar as against the current level of Rs 49. This difference in the exchange rate that has led to a considerable deterioration in the guarantee capacity of the State Governme nt. More

States' commitment to EB revamp key to reforms: CII
THE proposed Electricity Bill should ensure that the State Governments are made to commit themselves to pre-defined timetables for reorganisation and unbundling of the State electricity boards (SEBs), the Confederation of Indian Industry (CII) ... More

Kerala: No respite from power cuts despite rains
POWER CUTS continue in Kerala even three weeks after the arrival of the southwest monsoon in the State. The monsoon has been weak over the catchment areas of the hydel projects and as a result, the water level in the reservoirs has not shown ... More

SSI


  • Programme for SMEs

    TYRES


    ATMA calls for urgent meeting on rubber prices
    Seeking some counter-action to ensure that natural rubber prices do not touch unwarranted levels in the near future, ATMA has pointed out that a surge in market prices had occurred at a time of full tapping in Kerala, where reportedly monsoons have a lready set in. More

    WATER MANAGEMENT


    AP water users' body poll next month
    AFTER completing the auditing process of majority of the 10,292 Water Users Association (WUA), the Andhra Pradesh Government has drawn up plans to conduct elections next month to these associations, according to the State Minor Irrigation ... More

    COAL


    Western Coal closes 10 mines
    THE Nagpur-based Western Coalfields Ltd (WCL), a profit making subsidiary of Coal India Ltd (CIL), has achieved rationalisation of its workforce in a peaceful manner, and has been able to close down at least 10 uneconomic underground coal ... More

    REAL ESTATE & CONSTRUCTION


    Betting on real estate
    MYSORE Spinning Mills, Bangalore, is a prime piece of real estate and is expected to net a `substantial amount'' on being auctioned, according to Mr Ramesh Kumar, CMD, NTC (APKKM). This will go towards the rehabilitation of the various working ... More

    Unauthorised constructions — TN regularisation fee structure draws flak
    THE Tamil Nadu Government's order for regularisation of unauthorised constructions in the five municipal corporations in the State (other than Chennai city) has drawn flak from resident welfare associations and political parties as lacking in ... More

    MANPOWER


    Manpower council, emigrants' fund get Cabinet nod
    THE Government has decided to amend the Emigration Act, 1983 to facilitate the setting up of a Central Manpower Export Promotion Council and an Indian Overseas Workers' Welfare Fund (IOWWF). The proposal was cleared at the meeting of the Union ... More

    READYMADE GARMENTS


    TN Govt approves Tirupur apparel park proposal
    ON the eve of the Chief Minister, Ms J. Jayalalithaa's visit to Tirupur, where she is scheduled to lay the foundation for the first private water supply scheme, the town's knitwear producers have more than one reason to feel happy. Coinciding ... More

    BIO-TECH & GENETICS


    `Biotech industry future strong'
    THE Ernst & Young biotechnology report `Beyond Borders' set for launch by the Andhra Pradesh Chief Minister, Mr N.Chandrababu Naidu, projects a robust growth for the industry in the global marketplace. Beyond Borders: The global biotechnology ... More

    MINING & QUARRYING


    Sand load to cost Rs 200 more -- TN Lorry owners call off strike
    THE Madras Lorry Owners' Association, representing the transporters involved in moving river sand for construction, has called off the three-day strike following an agreement with the sand quarry licence holders, and the cost of sand is now set ... More

    CINEMA


    `Indian film industry business poised to cross $1 b by 2006'
    DESPITE an adverse economic scenario, the global entertainment and media (E&M) industry spending saw a growth in 2001 — rising by 1.5 per cent and exceeding the $1-trillion mark. The global E&M spending will reach $1.4 trillion in 2006, ... More

    NEWSPAPERS & PUBLISHING


    Ethnic media comes of age
    Not always viewed as legitimate players, the ethnic press is gaining ground in the US as the market grows and advertisers see the enormous potential. More

    GENDER


    Women's credit card
    A boy looking at the women's credit card, an innovative micro-finance product launched by the Andhra Pradesh State Minorities Finance Corporation Ltd in association with the National Minorities Development and Finance Corporation. As part of a ... More

    DISINVESTMENT


    Decision on BPCL, IOC float next month
    THE Government is set to take a decision on the proposed Initial Public Offerings (IPO) of Bharat Petroleum Corporation Ltd (BPCL) and Indian Oil Corporation (IOC) by next month, according to the Union Petroleum Minister, Mr Ram Naik. ... More

    AP cabinet nod for sale of more co-op mills
    THE Cabinet Sub-committee has approved the sale of seven co-operative mills identified for privatisation in the second phase of public enterprise reforms in Andhra Pradesh, while deciding to re-advertise sale of the Mombojipally distillery of ... More

    INDUSTRIAL POLICY


    Nod for food park proposals soon
    THE Union Food Processing Minister, Prof Chaman Lal Gupta, today said that there would be no difficulty in sanctioning all the six food parks, including a marine park, proposed by the Karnataka Government. Prof Gupta was in Bangalore as part ... More

    TRADE & LABOUR UNIONS


    Kerala: TUs to protest `anti-labour' measures
    A MEETING of the State-level leadership of major trade unions has decided to launch a massive campaign and even direct action in protest against what it described as the anti-labour propaganda let loose by Governments both at the Centre and ... More

    EVENTS


  • Bangalore Engagements
  • Hyderabad Engagements

    ENTREPRENEURSHIP


  • Pact for entrepreneurial research

    EXPORTS & IMPORTS


    EOUs not happy with sub-contract norms
    THE recent decision by the Government providing broad guidelines for allowing 100 per cent export-oriented units (EOUs) to undertake sub-contracting has left them "disappointed" as the restriction prescribed in the form of furnishing bank ... More

    TOURISM


    It's destination Kerala for IBP's tourism drive
    PETROLEUM refining and marketing major IBP Co Ltd and the Department of Tourism, Kerala, (Kerala Tourism) propose to enter into an agreement as part of the former's "overall promotional initiatives in tourism-related areas''. As per the terms ... More

    KTDC aims to exploit North Kerala's potential
    KTDC has also decided to float tenders for developing proposed facilities at Mookambika and Velankanni to promote outbound pilgrim tourism. More


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  • Top Stories
    TCS enters China — Sets up wholly-owned subsidiary


    Govt mulls new classification beyond Navaratna for PSUs

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    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives

    Looking back
    Jun. 9-Jun. 15
    Wind mill revolution in Germany

    DNA Repository dedicated to nation

    Finance Ministry decision on EPF interest next week

    Hepatitis B vaccination for infants takes off

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    Industrial growth in April rises marginally to 2.9 pc

    Survey soon on corruption in five S. Asian countries

    `Privatisation process will be delayed' -- Divestment Ministry opposes BPCL float

    CESC falters on FRN interest

    Product-specific safeguard duty on Chinese goods in offing

    FI, bank funding of projects worth Rs 50,000 cr -- Special purpose vehicles for infrastructure likely

    An initiative to recycle PET bottles


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