Financial Daily from THE HINDU group of publications
Thursday, July 11, 2002
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INDUSTRY & ECONOMY

ANTI-DUMPING


Safeguard duty mooted on epichlorohydrin imports
THE Director General (Safeguards) has recommended the imposition of safeguard duty for a period of three years on imports of epichlorohydrin (ECH) into India. A progressively reducing ad-valorem duty rates had been recommended for a period of ... More

ECONOMY


Consumer boosting steps coming
THE Government will come up with specific proposals to boost consumer spending as part of the efforts to accelerate the economic recovery under way. Besides, the Government has held out the promise of a review of the recently issued Ordinance ... More

Transport sector reforms not enough: World Bank
THE World Bank has said that though there has been a paradigm shift in treating transport as a social service to an economic sector in India, the overall progress has fallen short of what is needed for transport to facilitate faster economic ... More

  • Karnataka Oppn demands revolving fund for draught relief

    HEALTH


    Malaria cases on the rise in Mangalore
    According to statistics available with the Department of Health and Family Welfare here, the incidence of malaria in rural areas has come down this year whereas it has gone up in the city limits. More

    Special Parliament session on AIDS
    THE Union Health Minister, Mr Shatrughan Sinha, has announced that he would arrange a special session of both houses of Parliament to sensitise its members on AIDS, besides reinforcing their committment to the cause. Mr Sinha made this ... More

    INFRASTRUCTURE


    KCCI outlines steps for Kochi development
    THE Kerala Chamber of Commerce and Industry (KCCI) has come out with a strategic plan aiming at the economic development of Kochi city. Various areas covered in the strategic plan included formation of Greater Cochin clearing house for banks, ... More

  • Karnataka: Repair of storm water drains

    PSU


    `State PSU reforms handled with humane approach'
    THE public enterprises reform programme in Andhra Pradesh has brought about enormous changes in the lives of people who are dependent on its survival and viability, according to the Implementation Secretariat, the independent body overseeing ... More

    POWER


    Cash flow risk cover sought for Nagarjuna power project
    THE Nagarjuna group has sought insurance coverage against cash flow risks for its proposed 1015 mw power project near Mangalore. Sources said that discussions have already been held with some of the public sector insurance companies. Company ... More

    Bhoruka to set up five more hydel power units — Gets `LAAA' rating for Rs 8-cr NCD
    THE Investment Information and Credit Rating Agency (ICRA) has assigned a conditional `LAAA' (structured obligation) rating to the Rs 8- crore non-convertible debenture programme of Bhoruka Power Corporation Ltd (BPC). The rating is ... More

    ADB to shift Gujarat power reforms loan
    THE Asian Development Bank, as per the request of the Central Government, has agreed to shift the $350 million Gujarat power reforms loan from under the umbrella of its pool-based single currency lending service to the LIBOR-based facility. ... More

    STEEL


    Steel consumption rises 10 pc in Q1
    STEEL consumption during the April-June quarter of the current year has gone up by nearly 10 per cent compared to the corresponding period last year coupled up with simultaneous increase in prices, particularly of flat products of hot rolled, ... More

    SSI


    Bengal to close unviable outlets
    KOLKATA: The West Bengal Government is planning to close down its loss-making handloom/ handicraft outlets, and leather shoes and other item selling outlets such as Tantuja, Tantusree, Manjusha and Charmaja. This was announced here on ... More

    WATER MANAGEMENT


  • Funding of Cauvery 4th stage

    EDUCATION


    No kidding: Fee hike causes jam
    Asked why they did not protest outside the Mantralaya, a disgruntled parent chipped in, "What's the point? They'll just make us stand in one corner. Here at least the public is inconvenienced and the Government will have to take action sooner or lat er!'' More

    AUTOMOBILE COMPONENTS


    Rs 4-cr order at Iran fair
    THE member-companies of the Automotive Component Manufacturers Association of India (ACMA) have bagged actual orders worth Rs 4 crore and business enquiries worth Rs 78 crore, at the Tehran International Auto Fair (TIAF) in Iran, according to a ... More

    LEATHER


    `Alarming' drop in leather garment exports
    THE persistent declining trend in the exports of leather garments is worrying the Union Commerce Ministry, which has called upon exporters to take immediate corrective action. The situation has been described as "alarming'', coming as it does ... More

    INDUSTRY ASSOCIATIONS


    Chamber urges caution in adopting T+2
    "SEBI would have to take precautions regarding electronic fund transfer in the banking industry before it begins to implement T+2 and T+1." More

    READYMADE GARMENTS


    Sharp pick-up in demand for garments from US, EU
    A NUMBER of European women seem to have decided to get themselves the latest in blouses this coming Fall and Winter. According to market sources, this category, which has not been moving for the past two years, has suddenly picked up and the ... More

    Garment fair likely to garner $20 m business
    THE 29th India International Garment Fair (IIGF) will be held in the Capital from July 19 to 21. The three-day fair is being organised by the Apparel Export Promotion Council (AEPC) in association with certain export associations such as Garments ... More

    Non-quota grant for garment exports to Russia
    EXPORTS of readymade garments to Russia against freely convertible currency would now be counted for grant of non-quota entitlement (NQE) allotments. An amendment to this effect has been carried out by the Government to the Garment and ... More

    DISINVESTMENT


    Ministry to brief PM on divestment steps
    THE Ministry of Disinvestment will make a presentation to the Prime Minister, Mr A B Vajpayee, on the progress of the Government's divestment programme at a meeting of the Cabinet Committee on Disinvestment (CCD) slated for Thursday. Apart from ... More

    FOREIGN DIRECT INVESTMENT


    Rethink on FDI policy for elementary education
    EVEN though 100 per cent foreign direct investment is currently permitted in education services including pre-primary education, the FDI policy for pre-primary and elementary education is being reviewed. This is being done following the ... More

    WTO


    FICCI wants EU norms raised at WTO review
    THE Federation of Indian Chambers of Commerce and Industry (FICCI), as part of its recommendations, has urged the Government to take up the issue of higher than normal standards imposed by the EU in the WTO Trade Policy Review of European Union ... More

    IPR


    Patents Bill gets President's assent
    THE President has given his assent to the Patents (Amendment) Bill, 2002. With this, the Bill as passed by Parliament in its Budget session that ended on May 17, 2002 has been notified in the Gazette. The various provisions of the Act will be ... More

    RURAL DEVELOPMENT


    '12 pc rural homes have toilets'
    PROGRESS in the provision of sanitary facilities in rural areas in Andhra Pradesh has been rather poor as only 12 per cent of rural households have toilets and the scenario is a reflection of lack of awareness among people of the need for ... More

    LABOUR REFORMS


    OECD warns Govts on slackness in labour reforms
    THE Organisation for Economic Cooperation & Development (OECD) has warned its members against slackening of efforts in the direction of labour and product market reforms in the face of a moderate improvement in average employment levels in OECD ... More

    INDUSTRIAL POLICY


    TN Govt launches scheme to promote agro industries
    Units including those in horticulture processing, flower-based extracts, and coir-based products can obtain subsidies under the scheme. More

    TRADE & LABOUR UNIONS


    Central Govt staff stage dharna
    HYDERABAD: The employees of the central government departments in the city staged a dharna on Wednesday in response to a call given by the Confederation of Central Government employees and workers, New Delhi. The dharna was in protest ... More

  • Adyanthaya to be felicitated

    EVENTS


    `North-East Business Summit' in Mumbai from July 19
    Describing the business summit as a high-voltage event, Mr Shourie said among the participants would be several Union Ministers and other dignitaries. More

    National garment fair to be held in Mumbai
    THE Clothing Manufacturers Association of India (CMAI) has planned the 43rd National Garments Fair in Mumbai during August 7-9. More than 200 exhibitors are expected to participate in the fair which is expected to draw around 15,000 visitors, ... More

    CO-OPERATIVES


    Kerala Co-op Bill gets Governor's approval
    THE Kerala Co-operative Societies (Amendment) Bill, 2002, passed by the State Assembly, has received the Governor's approval. As per the amendment, a committee will be vested with the powers to elect a President, Vice-President and a Treasurer ... More
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  • Top Stories
    Ranbaxy's anti-AIDS drugs on WHO list


    Amara Raja to design products for US partner

    New notebook versions from Wipro stable

    RBI proposes to utilise SBI electronic transfer facility

    `Alarming' drop in leather garment exports

    Jayalalithaa: In the eye of another storm

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives
    Looking back
    Jun. 30-Jul. 6
    Dumping: WTO panel rules in favour of SAIL

    'Master plan needed for rainwater harvesting'

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

    Kalam outlines 6-point agenda for nine pc GDP growth rate

    Big names in PF defaulters' list

    NTPC to tap global equity markets

    Jaswant to put more money into the consumer's pocket

    Documentation for perks is employer's job

    Cos allowed to use ECBs to buy PSUs on the block

    Software exports to US up 32 pc

    Business confidence picking up: FICCI

    Why can't banks get back to the basics?


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