The Hindu Business Line : Sunday, June 30, 2002

Dumping: WTO panel rules in favour of SAIL
THE World Trade Organisation's (WTO) dispute settlement body has ruled in favour of Steel Authority of India Ltd (SAIL), saying that the US Government had acted inconsistently with the anti-dumping agreement with regard to the cut-to-length (CTL) ... More

ECONOMY

BoP surplus at Rs 56,592 cr
THE country's balance of payments have registered a surplus of Rs 56,592 crore for the year 2001-02 compared to Rs 27,662 crore in the previous year. As per latest figures released by the Reserve Bank of India, the total current account ... More

Bank credit drops by Rs 152 cr
BANK credit has declined by Rs 152 crore over the fortnight to Rs 6,43,884 crore as on June 14, 2002, as per the weekly statistical supplement (WSS) of the Reserve Bank of India. While food credit dipped by Rs 224 crore to Rs 60,446 crore, ... More

EXCISE AND CUSTOMS

CBEC chief hopeful of achieving target
A SURGE in excise collections up to June 15 on the back of an improved performance of core infrastructure industries has made the Central Board of Excise and Customs (CBEC) confident of achieving the budgeted indirect tax collection targets for ... More

HOTELS

Hotels: Check-out time
THE recovery witnessed in the hotel industry in early 2002 was shortlived. Since 9/11, a series of events have taken their toll on the industry. For the third year running it finds itself in a difficult situation. Against a gloomy backdrop, ... More

Have room... will occupy?
THE trends in overall occupancy suggest that the industry is in a fairly good shape despite going through three successive bad years. A study conducted by the Federation of Hotels and Restaurants Association of India (FHRAI) shows that the ... More

Bane of overcapacity and taxes
A MAJOR problem faced by the hotel industry is the higher capacity at most destinations. The industry's phenomenal growth in the early and mid-1990s has led to the mushrooming of capacities as players entered the market to corner a part of the ... More

Hotel stocks: The picks of the block
Recommendations:
Indian Hotels: Buy
EIH: Buy
Asian Hotels: Hold/Avoid fresh exposures
ITC Hotels: Hold More

POLICY

Buy Indian directive for quasi-Govt overseas cos
IN a move that may help increase project exports from the country, the Finance Ministry has directed that overseas joint ventures co-promoted by the Central Government and public sector enterprises (PSEs) should strive to source goods and ... More

INDUSTRY ASSOCIATIONS

CII still opposes cess in Cos' Bill
NEW DELHI: The Confederation of Indian Industry (CII) continues to oppose the cess proposed in the Companies (Amendment) Bill for the revival and rehabilitation of sick industrial undertakings. In a statement, the chamber pointed out ... More

EVENTS

Changes to infrastructural contract laws planned
THE Government is contemplating changes to the appropriate laws governing infrastructural contracts to ensure that the contractual obligations arising from such contracts are enforced. This was stated by the Union Minister for Law, Justice and ... More

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Dumping: WTO panel rules in favour of SAIL

ING to hike stake in Vysya Bank to 49 pc

Keeping family businesses ticking

GTB net suffers 60 pc fall

In Depth
Gender Justice

Simple Economics

Guide to derivatives

Looking back
Jun. 23-Jun. 29
Another rice barter deal with Manila

Gem, jewellery exports up 39 pc in April-May

Sweat for the vision to ignite billion souls, urges Kalam

Finance Ministry sticks to 9% rate on EPF deposits

Govt allows FDI in print media

Railway Minister not keen to divest PSUs on his turf

Reinvested earnings may come under FDI tag

Poor show by traditional items causes negative export growth