The Hindu Business Line : Wednesday, July 10, 2002

Dumping duty on PHPG base from EU
THE Finance Ministry has imposed provisional anti-dumping duty on imports of D (-) para hydroxy phenyl glycine base (PHPG base) from the European Union (EU). PHPG base is imported into India and then converted in situ to PHPG Dane Salt for the ... More

ECONOMY

Karnataka revises medium-term fiscal plan
The collections under the revised MTFP were seen at Rs 12,066 crore for 2002-03 and projected to rise to Rs 16,500 crore. More

ENVIRONMENT

CAG faults Bengal pollution control board
AT least 3,850 industries in West Bengal, including 525 major polluting units, were running without the consent of the West Bengal Pollution Control Board as on March 2001. These include coalmines, tanneries, foundries, anodising and ... More

A challenge to ecology
Multi-storeyed buildings, like this tourist hotel, are symbols of unbridled construction in Munnar in Idukki district, which is hurting the resort's ecology.

FOREIGN TRADE

CII's UK mission to say all's well
IN just a few days' time, the CII President, Mr Ashok Soota, and his high-profile team of CEOs would be setting off to London with a strong message for the British Government and businesses there. The first big mission since September 11 or ... More

INFRASTRUCTURE

Plans in progress for SEZ near Vizag
For locating industries within the SEZ, the State Government has decided not to have any cap on FDI, apart from other benefits such as liberal customs regime, relaxed labour laws, easy repatriation of profits, operational freedom and flexibility to d eploy expatriate staff. More

PETROLEUM

`3 oil PSUs to get nod for public offers jointly'
THE Union Ministry of Petroleum and Natural Gas will seek the Cabinet approval for public offers of three oil PSUs - Indian Oil, Bharat Petroleum and Hindustan Petroleum - jointly, Mr Ram Naik, Union Minister of Petroleum and Natural Gas, ... More

POWER

NTPC mulls 4-5% equity float
NATIONAL Thermal Power Corporation (NTPC) recently sought an in-principle nod from the Government for an initial public offering (IPO) amounting to around Rs 1,450 crore, according to Power Ministry officials. In a recent communication, the ... More

Bureau asked to help industry save energy
THE Bureau of Energy Efficiency (BEE) should make all-out efforts to guide the industry in achieving vast savings in energy through voluntary measures, the Minister for Power, Mr Suresh Prabhu, has said. Addressing the first meeting of the ... More

Karnataka power utilities in a fix — No funding sans bankable packages, says PFC
POWER Finance Corporation (PFC) has ruled out any changes in its lending covenants and has conveyed that all its funding would be done only on the basis of bankable financial security packages which include escrow cover. Sources said that there ... More

TAXATION

Karnataka ready with draft VAT legislation
KARNATAKA, which took the lead in aligning itself with the proposal for introduction of value added tax, has prepared a model draft law much ahead of the deadline for its implementation in 2003. The legislation is awaiting vetting and will be ... More

SSI

KCCI pleads for early release of subsidy to SSIs
THE Kanara Chamber of Commerce and Industry (KCCI) has asked the Karnataka Government to expedite the disbursement of its Rs 350-crore `outstanding obligation' towards industrial subsidies, particularly to units in the small-scale sector. In a ... More

REAL ESTATE & CONSTRUCTION

I-T Dept fails to auction prime Chennai property
THE Income-Tax Department's attempt to auction a 48-ground property it acquired in an upmarket area in Chennai has come a cropper once again. This is the third time that the department has tried to dispose of the property through a public ... More

Shipra residential complex launched
THE Delhi-based real estate developers, Shipra Estate Ltd, has announced the launch of the second phase of its residential complex in Ghaziabad, Sun City. Also on the cards is the development of a multiplex in Noida. Addressing a press ... More

SCIENCE & TECHNOLOGY

Call for strong industry ties with scientists
THE industry should establish a long-term relationship with scientific leaders in whom it has trust to facilitate technological development of the country, the Principal Scientific Advisor to the Government, Dr R. Chidambaram, has ... More

PRINTING

Printing sector in TN seeks more sops
THE Madras Printers' & Lithographers' Association has urged the Tamil Nadu Government to exempt certain varieties of paper, including cream wove, butter and foil paper, from the purview of entry tax. Speaking to newspersons in Chennai on ... More

DISINVESTMENT

Selling blue-chip PSU stake — Ministry may opt for public offer route
THE Ministry of Disinvestment has stated its intention to adopt the public offer route for selling Government stakes in blue-chip PSUs like Indian Oil Corporation, Oil & Natural Gas Corporation Ltd (ONGC), Gas Authority of India Ltd (GAIL), ... More

SMALL SAVINGS

Cabinet may step in to resolve EPF stand-off
THE stand-off between the Labour and Finance Ministries over retaining the interest rate on Employees' Provident Fund (EPF) deposits for 2002-03 at 9.5 per cent may have to be resolved by the Union Cabinet. The issue will be referred to the ... More

EPF cushion for laid-off members
THE Central Board of Trustees (CBT) of the Employees Provident Fund (EPF) Organisation has cleared the introduction of a multi-benefit employees insurance scheme for EPF members who have been laid off on account of companies `right-sizing' their ... More

RURAL DEVELOPMENT

AP Govt moots more powers for panchayat secretary system
THE Andhra Pradesh Government plans to empower the newly-created panchayat secretary system with better features to enable them to emerge as an integrated services provider to the citizens at the village level, the Andhra Pradesh Chief Minister, ... More

TRADE & LABOUR UNIONS

HC dismisses writ on bonus ceiling
THE Madras High Court has expressed its ``hopes'' that the Central Government might revise the eligibility limit for receiving bonus under the Payment of Bonus Act in view of the increase in salary/wages to workers. Mr Justice P. Sathasivam, ... More

EVENTS

Vendor development programme

Hyderabad Engagements

EXPORTS & IMPORTS

Plea to resume ICD operations

TOURISM

KTDC forms strategic alliance with ITDC
The agreement at the outset envisages a working relationship between KTDC and ITDC on mutually acceptable terms. More

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April-May exports record 10.46% growth at $7.4 b