Financial Daily from THE HINDU group of publications
Friday, July 12, 2002
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INDUSTRY & ECONOMY

ANTI-DUMPING


Duty suggested on thermal paper from China
THE Designated Authority in the Commerce Ministry has recommended the imposition of definitive anti-dumping duty on thermal sensitive paper being imported from China. In its final findings, the Authority held that thermal sensitive paper had ... More

CONSUMER ELECTRONICS


Consumer electronics cos spend more `below-the-line'
Not quite. If you take a look at the consumer electronics industry where below-the-line communication has played a crucial role in driving volumes. Mr Rajeev Karwal, Senior Vice- President, Philips India, says that almost 65 per cent of the ... More

ECONOMY


UAE may offer amnesty to illegal immigrants — Indian Consulate gearing up for emergency exit papers
THE Indian Consulate General in Dubai is taking necessary measures to offer assistance to applicants for emergency exit certificates, in the eventuality of the UAE authorities announcing a second general amnesty for illegal immigrants in the ... More

HEALTH


Kerala Govt planning pilot telemedicine project
THE Kerala Government proposes to start a pilot tele-medicine project in the State as part of its efforts to utilise the immense possibilities of information technology in healthcare and education areas. Replying to a calling attention motion ... More

INFRASTRUCTURE


Nabard in talks with banks to co-finance projects
THE National Bank for Agriculture and Rural Development (Nabard) is looking at co-financing hi-tech projects in collaboration with commercial banks, according to Mr C.R. Patnaik, Chief General Manager, Nabard. Addressing a press conference here ... More

Mangalore SEZ proposal forwarded to Govt
THE process of setting up a special economic zone (SEZ) in Mangalore has been set in motion with the district administration forwarding its proposal to the Karnataka Government. Simultaneously, proposals have also been sent for the setting up of ... More

POWER


KERC orders Jindal to reduce base tariff — KPTCL likely to save Rs 25 cr per annum
The regulator's tariff order will now mean that the annual billing would come down to around Rs 163 crore. Based on the negotiated tariff, the original billing for the year would have been in the region of Rs 188 crore. More

Power cuts: Delhi Vidyut Board chief absolves distribution cos
`For the first seven days, power from the eastern region was unavailable, while for the last three days, the State-owned Pragati power station was not able to despatch power to the distribution companies.' More

TAXATION


Sustaining the feel-good factor — Govt to go easy on depreciation rates
THE process of `sustaining the feel good factor' in the economy has been initiated by the Finance Ministry. Industry will have cause to cheer as the Ministry has decided not to effect an across-the-board cut in depreciation rates on plant and ... More

SSI


  • TN tiny industries' plea

    WATER MANAGEMENT


  • Karnataka: Panel calls for revising water cess

    EDUCATION


  • Private colleges fined in Karnataka

    REAL ESTATE & CONSTRUCTION


    Corporates returning to Connaught Place
    WITH rentals plunging and the emergence of a number of grade-A buildings equipped with modern amenities, the demand for property in New Delhi's central business district, Connaught Place, appears to be on the upswing, according to property market ... More

    INDUSTRY ASSOCIATIONS


    CII presses for review of NPA Ordinance
    THE Confederation of Indian Industry (CII) has sought a review of the recent Ordinance issued on non-performing assets (NPAs), claiming that the Ordinance goes against all norms of natural justice and is worse than the erstwhile Foreign Exchange ... More

  • TN trade association calls for revoking resale tax

    SCIENCE & TECHNOLOGY


    More tech management resources centres planned
    THE Department of Scientific and Industrial Research (DSIR) plans to set up more technology management resources centres (TMRCs) to cater to the needs of the small and medium enterprises (SMEs) and engineering colleges in different parts of the ... More

    DISINVESTMENT


    CCD nod to offload PSU blue-chip stakes into AMC
    THE Cabinet Committee on Disinvestment (CCD) on Thursday endorsed a plan drawn up by the Ministry of Disinvestment to offload minority stakes of 10-25 per cent in blue-chip oil, power and telecom PSUs that are to be kept under Government control ... More

    72 bidders so far for 7 AP co-op sugar mills
    KCP Sugar, NCS Estates, Srinivasa Distilleries, Empee Sugars & Chemicals, Ugar Sugar Works Ltd are among the 72 firms which have bid for the seven co-operative sugar mills advertised for sale in Andhra Pradesh last month. With about five days ... More

    Employees to chip in and bid for MOIL
    THE employees of Manganese Ore India Ltd (MOIL) are setting up a special purpose vehicle (SPV) to bid for acquiring a controlling stake of 51 per cent in the company. This could be the first case of a genuine and serious attempt by the ... More

    Hotel Corpn to divest in 3 more units
    HOTEL Corporation of India will disinvest in three more properties - - Centaur Hotel, Delhi, Chefair, Mumbai and Chefair, Delhi. The board, which met here today morning, decided to introduce a voluntary retirement scheme for the remaining ... More

    FOREIGN DIRECT INVESTMENT


    FDI inflows hit record high of $4.06 b: Maran
    THE country's performance on foreign direct investment (FDI) has been both "promising and reassuring'' with FDI inflows registering a record high of $4.06 billion (net of ADRs/GDRs) during the fiscal 2001-02. This was about 65 per cent higher ... More

    WTO


    Small-scale industries: Preparing for the WTO challenges
    THE post-liberalisation business environment has become harsh for the small-scale industries (SSI) sector because of increased internal and external competition. In addition, the far-reaching impact of the various WTO norms are now threatening to ... More

    IPR


    Nicholas Piramal files patent for new chemical entity
    NICHOLAS Piramal India Ltd (NPIL) has filed its first patent for a new chemical entity, an anti-cancer molecule in the US and India. According to a press release, the company will also file a Paris Convention Treaty (PCT) patent application ... More

    INDUSTRIAL POLICY


    Weightage for AP-based units in e-governance projects
    The policy aims to promote quality certification and the Government shall reimburse 20 per cent of the cost incurred by an IT software company for securing quality certification subject to a maximum of Rs 4 lakh. More

    TRADE & LABOUR UNIONS


    Trade unions plan protest on July 31 against KRL move
    THE district convention of the United Trade Forum, a combine of all trade unions in Ernakulam, has adopted a resolution to observe July 31 as `Kochi Port Protection Day' following the decision of Kochi Refineries Ltd to set up single buoy mooring ... More

    EVENTS


  • Electroplating workshop

    INCOME TAX


    Dividend warrants to give TDS info
    THE former Finance Minister, Mr Yashwant Sinha's, decision to tax dividend income in the hands of the shareholders may well be in force, at least for the current fiscal. Consequent to the Government's decision to revert to the earlier system ... More

    Changes sought in Sec 88 provisions
    It was said that once the income exceeded Rs 1.5 lakh by even Rs 10, the taxpayer would lose the benefit of up to Rs 5,000 tax rebate, as in such a case, the rebate would be lowered to 15 per cent instead of 20 per cent as per the new provisions unde r Sec. 88. More

    EXPORTS & IMPORTS


    DEPB rates for 7 jute items announced
    IN an effort to increase exports, the jute industry has got a major boost from the Union Ministry of Commerce with the announcement of DEPB (Duty Entitlement Pass Book Scheme) rates for the first time. In a notification issued by the ... More

    TOURISM


    Rajasthan tourism gets a boost
    THE Rajasthan Government has made an investment of Rs 1,500 crore in infrastructure development in six towns - Jaipur, Jodhpur, Udaipur, Bikaner, Kota and Ajmer - under the Asian Development Bank project. Mr Arvind Mayaram, Secretary, ... More

    US investor offers to build heritage village in Kerala
    THE high-level delegation from Kerala currently touring different parts of the US, wooing investors, has received an investment proposal from a non-resident Keralite in Texas. Mr Sasidharan G. Nair, CEO of Supreme Healthcare Inc, has offered to ... More

  • Tourism fair
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  • Top Stories
    LML hopes Freedom will drive it into the black


    STPIs get new units, though fewer

    PDS grain prices increased

    CCD nod to offload PSU blue-chip stakes into AMC

    FDI inflows hit record high of $4.06 b: Maran

    Making cargo `simple', British Airways way

    PSBs' loan loss cover still insufficient

    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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