The Hindu Business Line : Saturday, June 22, 2002

Do farm prices hint at recovery?
WILL the humble farmer bail out the economy this time around? Indications are that he will. What lends credence to this belief is, however, not the India Meteorological Department's (IMD) forecast of a 15th consecutive normal-to-excess monsoon ... More

ENVIRONMENT

Ad-hoc steps; no permanent solution yet — Sea erosion still a nightmare
THE south-west monsoon has once again brought with it a reminder of the `precarious' existence of those living in close proximity to the sea and the question of whether they will manage to survive another monsoon. After dumping boulders into ... More

Prevention better than cure
Roadside trees, attacked by termites and dead, being removed by forest department workers to avoid falling on vehicles in Bangalore city.

INFRASTRUCTURE

Banks cool to SPV proposal for infrastructure projects
PUBLIC sector banks appear cool to the suggestion of setting up of special purpose vehicles (SPVs) for financing infrastructure projects. Recently, the Finance Minister, Mr Yashwant Sinha, had asked banks and financial institutions to set up ... More

Eco-enterprises park planned
The park would have common infrastructure facilities for entrepreneurs to produce herbal, horticultural and renewable energy products. More

PHARMACEUTICALS

Pharma industry to seek firm norms on animal research
Much to the chagrin of the domestic pharma industry, companies are being forced to look at the Chinese market for medical research on animals, because the existing framework on the issue is "vague and open to interpretation". More

NPPA increases prices of 12 formulation packs
THE National Pharmaceutical Pricing Authority (NPPA) today fixed the prices of two formulation packs for the first time while revising upwards the prices of 12 formulation packs by about 4.92 per cent to 23.40 per cent. In all the 14 cases, ... More

POWER

Bengal legislation to curb power theft
THE chiefs of all the power utilities in West Bengal have come together to form a committee to implement from July 15 a new law to check power theft in the State, estimated at around Rs 983 crore per annum. Under this law - the Indian ... More

APERC tariff principles opposed
THE long-term tariff principles (LTTP) proposed by the Andhra Pradesh Electricity Regulatory Commission (APERC) for fixing power tariff rates were opposed by a majority of the people who expressed their views at the one-day public hearing held ... More

ANERT plans to tap solar power for tribal colonies

TEXTILES

Rs 2-cr textile lab set up at Guntur
INDIAN textile mills as well as the spinning and ginning units should upgrade their technology to meet the exacting quality standards of the international market and to enhance the country's share in the trade, Mr V. Dhananjaya Kumar, Union ... More

WATER MANAGEMENT

`External' monitors for Tirupur water project
The monitoring bodies would evaluate the scheme implementation and see whether the work is being done in line with the construction agreement. More

Bangalore water management project launched
PROJECT Agastya, an initiative for sustainable water resources management, has been launched in Bangalore. Promoted by 25/Bangalore Foundation and incubated by United Nations Industrial Development Organisation — International Centre for ... More

APIIC initiative making progress — Pvt sector shows interest in Vizag water supply project
INDUSTRIAL development in this region is expected to get a significant boost, with the State's first industrial water supply project, being taken up by the Andhra Pradesh Government through private participation, coming close to the take-off ... More

INDUSTRY ASSOCIATIONS

Chamber welcomes Golden Triangle railway project
THE trade and industry circles here have welcomed the announcement of the Minister of State of Railways, Mr O. Rajagopal, on the "Golden Triangle Rail Plan" to link Chennai, Madurai and Coimbatore. Mr S. Rethinavelu, President, Tamil Nadu ... More

KNITWEAR & HOSIERY

TEA plea for Tirupur dist
THE Tirupur Exporters' Association (TEA) has petitioned to the Tamil Nadu Chief Minister, Ms Jayalalithaa, to carve out Tirupur as a separate district, considering its economic potential as an export centre and the growth needs of Tirupur and its ... More

BIO-TECH & GENETICS

India, an emerging force in biotech: E&Y
THE global biotech industry has bucked the slowdown blues registering a robust business even as India in the Asia-Pacific region has emerged as a significant force in the global biotech industry, according to Ernst & Young report for the year ... More

Heidelberg, IFC keen to support AP biotech rush
THE Andhra Pradesh Government, which has taken up the Genome Valley project to bring in an integrated development of the biotech and pharma sectors, has received encouraging response from IFC, Washington and Heidelberg Technology Park, Germany, ... More

JUTE

NJMC workers await BIFR hearing for revival
SOME 20,000 employees of National Jute Manufactures Corporation Ltd (NJMC) are looking forward to the ruling of the Board for Industrial and Financial Reconstruction (BIFR) for protection of their employment and revival of the corporation's 6 ... More

WTO

India must adopt tough decisions to redress fiscal imbalance: WTO
WTO said a reduced fiscal deficit is also likely to improve the investment climate and free resources for private and public investment, particularly in infrastructure services, which have become a major bottleneck to economic growth. More

India gets WTO pat for trade reforms
During the review the WTO members' commended India for its robust economic performance over the past decade with growth at an average of six per cent a year and reduction of poverty. More

OVERSEAS INVESTMENTS

Thailand woos Indian cos
NOW that the five-year economic downturn is behind it, Thailand is actively pursuing foreign investments with renewed vigour. It is offering investor-friendly policies and fiscal and infrastructure support, according to a Thai business ... More

INCOME TAX

PAN coverage scope to be expanded
IN its ongoing efforts to check tax evasion, the Central Board of Direct Taxes (CBDT) plans to further enhance the coverage of transactions for which quoting of permanent account number (PAN) would be made mandatory. "We have been quite lenient ... More

I-T Dept told to refund all amounts by July 15
THE Government has instructed the Income-Tax Department to refund all amounts due to tax payers by July 15, a move prompted by the 20 per cent growth in tax collections during the first two months of this fiscal. According to the Chairman of ... More

TOURISM

Kochi island marked for tourism development
THE Kochi Corporation is planning to develop Thanthonni Thuruthu Island in the Kochi backwaters to set up a typical Kerala village with all modern facilities to attract investors and tourists. The developed island would house hotels, business ... More

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