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Saturday, July 06, 2002
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INDUSTRY & ECONOMY

CEMENT


L&T, Grasim cement sales up in June
LARSEN & Toubro has reported a 6.9 per cent increase in cement despatches for June 2002 to 9.2 lakh tonnes from 8.6 lakh tonnes in June 2001. Production during the month increased marginally to 9.4 lakh tonnes from 9.3 lakh tonnes. Grasim has ... More

COURTS/LEGAL ISSUES


All-party meet on electoral reforms
THE Union Minister of Law and Justice, Mr K. Jana Krishnamurthi, will call an all-party meeting on electoral reforms arising out of the Supreme Court judgement of May 2, 2002. According to the judgement, the Election Commission was required to ... More

ECONOMY


FICCI invited to work with TN for socio-economic progress
AFTER successfully wooing the Confederation of Indian Industry to work with the State Government in a number of areas, particularly in developing a knowledge industry township, the Tamil Nadu Chief Minister, Ms J. Jayalalithaa, today invited ... More

Business confidence picking up: FICCI
THE Federation of Indian Chambers of Commerce and Industry (FICCI) feels that the overall business sentiment is picking up. This is borne out of confidence surveys conducted by it, the FICCI President, Mr R.S. Lodha, told a press conference here ... More

To dispel `wrong impressions' — Gujarat embarks on road shows
THE Gujarat Government is conducting road shows all over the country to dispel "wrong impressions'' among industrialists and investors regarding the law and order situation in the State. As part of this programme, Mr Suresh Chandra Mehta, the ... More

Bengal resorted to WMA for 360 days: CAG report
THE West Bengal Government resorted to ways and means advances (WMA) for 360 out of 365 days in 2000-01 to avert a fiscal collapse in the State, according to the latest report of the Comptroller and Auditor General. The report, released ... More

Coimbatore dist annual credit Plan highest
THE district continues to top other districts in the Annual Credit Plan (ACP) outlay for the fifth year in succession. The ACP outlay for the year 2002-03 at Rs 2627.28 crore shows an increase of Rs 219.91 crore over the last year's financial ... More

ENVIRONMENT


TN: Signature campaign for Plastics Bill
TO persuade the State Government to pass the Tamil Nadu Plastic Articles (Prohibition of Sale, Storage, Transport and Use) Bill, environmental groups have launched a letter campaign to the Chief Minister, Ms J. Jayalalithaa. The campaign has ... More

Teams shortlisted for eco award
BANGALORE: Four teams, all from Bangalore, have earned the distinction of being short listed for the national finals of the Volvo Young Environmentalists Award. The finals to be held later this month will decide the Indian ... More

FOREIGN TRADE


Euro switch will remove currency risk for EU importers — Indian cos may face more competition from E. Europe
INDIAN firms may face increased competition from East European countries since many of them will get anchored to the euro or will switch to euro-invoicing, eliminating currency risks for EU importers, according to Mr Michel Caillouet, Ambassador, ... More

POWER


APTransco finalises staff allotment
THE Andhra Pradesh Transmission Corporation (APTransco) has finalised allotment of 8,380 employees to six companies, based on the options exercised by the staff of the erstwhile Andhra Pradesh State Electricity Board (APSEB). The high-level ... More

Grim power situation has cost 2 million jobs — Poor inflows into reservoirs may worsen crisis
Faced with this situation, CII has already conveyed to the State Government that industries would not be able to absorb the tariff hike effected by KPTCL. More

Power crisis looms ahead in Kerala
WITH a sharp fall in the water levels at the reservoirs of Kerala's hydel projects, the State is heading for a severe power shortage in the coming days. The inflow into the reservoirs has been abysmally low following the failure of the ... More

SSI


Revised rules on explosives ready
THE draft of the revised explosives rules is ready and would be discussed by the Development Council for Explosive Industry for further fine-tuning, the Union Minister of State for Commerce and Industry, Dr Raman Singh, has ... More

TYRES


ATMA moots apex forum for rubber growers, users
THE Automotive Tyre Manufacturers Association (ATMA) has suggested that an apex forum be constituted to sort out differences and conflicts and to work out schemes to ensure a fair deal to both the growers and consuming industries. ATMA has ... More

MEDICAL INSTITUTIONS & HOSPITALS


Screening test for doctors who qualified abroad
THE Union Health Ministry has entrusted the National Board of Examinations with the task of conducting a screening test for Indian nationals with foreign medical qualifications. The purpose of the screening test would be only to qualify for ... More

HANDLOOM


APCO back in health: turns trim and trendy
A fundamental change in marketing strategy was brought about by involving sales persons, who had first-hand knowledge of customers' preferences, in the procurement of products. More

DISINVESTMENT


Why can't banks get back to the basics?
BANKS will be charging margin money ranging between 40 per cent and 50 per cent on funds advanced to bidders tied up with the PSU disinvestment process. And one is unsure of the interest to be charged by banks on the funds. Also they will value ... More

Disinvestment panel clears sale of five ITDC hotels
THE Cabinet Committee on Disinvestment (CCD) on Friday cleared the sale of five ITDC properties and approved the transaction documents for the privatisation of NEPA Ltd while deferring a proposal to privatise Manganese Ore India Ltd (MOIL) in the ... More

MISC pulls out of SCI race; 4 in fray
MALAYSIA International Shipping Corporation Bhd (MISC) has pulled out of the race for acquiring a controlling stake of 51 per cent in Shipping Corporation of India (SCI), leaving the field now to four bidders. In an official communication sent ... More

FOREIGN DIRECT INVESTMENT


100% FDI in tea plantation notified
THE GOVERNMENT on Friday notified its recent decision to grant 100 per cent foreign investment in tea plantation as part of the ongoing liberalization of the FDI (foreign direct investment) regime. A notification issued by the Department of ... More

RURAL DEVELOPMENT


TN Govt nod for guidelines on wasteland lease
THE State Government has approved the operational guidelines for sanction of wasteland on lease to corporates for development through commercial agriculture, and has invited applications from those interested investors under the comprehensive ... More

EVENTS


IITF to focus on services, tourism
WITH services and tourism being selected as the theme of this year's India International Trade Fair, the India Trade Promotion Organisation (ITPO) is encouraging companies from the South to participate in the event. Speaking to industrialists ... More

Pvt sector role urged in infrastructure
COIMBATORE: Private sector initiative and participation in infrastructure development would go a long way in promoting Coimbatore as a major IT destination, the District Collector, Mr N. Muruganandam, said on Friday. Inaugurating the SME ... More

  • Hyderabad Engagements

    TOURISM


    Cabinet okays tourism pact with China
    THE tourism agreement signed between India and China, to promote tourism between the two countries, today received the Cabinet's approval. Ms Sushma Swaraj, Union Minister for Information and Broadcasting, told presspersons that the agreement ... More
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  • Top Stories
    World Food Summit 2002 — The hungry will have to wait


    Business confidence picking up: FICCI

    PC sales crash by 11% in 2001-02

    `Climate right for direct selling industry to expand'

    Data on farm goods trade a cause for concern

    Why can't banks get back to the basics?

    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


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