The Hindu Business Line : Saturday, July 13, 2002

Dumping duty imposed on polyester staple fibre
The dumping duty comes nearly six months after the Designated Authority in the Ministry of Commerce and Industry recommended the imposition of provisional anti-dumping duty on certain PSF imported from these countries. More

COURTS/LEGAL ISSUES

Give them more time
ONE of the post-Sept 11 circulars from RBI allowed manufacturer exporters of certain products an extended period to realise their dues. They were given up to 365 days from the date of shipment for the realisation and repatriation of the full ... More

ECONOMY

Signs of nascent recovery — Industrial production rises 3.8 pc in May
A NASCENT industrial recovery of sorts seems under way, with the official Index of Industrial Production (IIP) registering a 3.8 per cent growth during April-May 2002, against 2.1 per cent during the opening two months of the previous fiscal. ... More

Capital goods sector sees silver lining
THE capital goods industry currently in midst of the longest ever downturn, sees a turnaround in some sectors. While sectors such as commercial air conditioning, processed plant equipment, bulk material handling equipment and wagons don't see ... More

Looking ahead
The Finance Minister, Mr Jaswant Singh, calling on the Planning Commission Deputy Chairman, Mr K.C. Pant, to discuss the preparation for the Tenth Plan and implementation of development reforms announced in the Budget in the Capital on Friday. ... More

ENVIRONMENT

`Pollution-free processes vital for success'
MERE relocation of industrial units will not guarantee its survival. The units need to adopt pollution-free processes to sustain and compete globally, according to the Director of CECRI (Central Electrochemical Research Institute), Dr M. ... More

FERTILISERS

Group pricing scheme for urea: Dhindsa
THE Union Minister of Chemicals and Fertilisers, Mr S.S. Dhindsa, has said that the Government is in the process of formulating a long-term pricing policy for urea units based on the recommendations of the Expenditure Reforms Commission (ERC). ... More

HEALTH

Roadmap for healthcare sector getting ready
A CII-McKinsey exercise is preparing a 10-year roadmap for the Indian healthcare sector, which the study says, will grow to some Rs 2,30,000 crore by the year 2012. The study, the first of its kind for the sector, is to be concluded this ... More

POWER

PIL challenging IEA sent to Single Bench
A DIVISION Bench of the Calcutta High Court comprising Mr A.K.Mathur, Chief Justice, and Mr Justice A.K. Biswas has released a Public Interest Litigation (PIL) challenging the Indian Electricity Act, 1910, its modification made in 2002, where ... More

Indus panel to meet in Aug on Baghliar project
WITH the recently concluded Indus Commission meeting between India and Pakistan not making significant headway in resolving the Baghliar Hydro Electric Project issue, a follow-up meeting is likely to be convened next month to break the logjam. ... More

NTPC inks pact with TNEB for coal-based project
THE Tamil Nadu Electricity Board and the National Thermal Power Corporation signed an MoU on Friday to jointly set up a 1,000 MW coal-based power project at a cost of Rs 4,000 crore. A shell company is being set up with an initial authorised ... More

MSEB upset over IDBI `no' to power buy plan
SENIOR Maharashtra State Electricity Board officials today said they were disappointed with IDBI turning down the State Government's proposal to purchase power from Dabhol Power Company (DPC). The Government's proposal to allow power purchase ... More

CESC told to revise tariff only with SC approval
THE RPG-controlled power utility, CESC Ltd, has been told to effect any future revision of tariff only with the permission of the Supreme Court. CESC, which had won a tariff review petition against the West Bengal Electricity Regulatory ... More

Naidu to take up power woes — Talks soon with NTPC
LOW levels in hydel reservoirs due to poor inflows and problems at the Simhadri and Kothagudam Thermal Power Station units have created a scenario of shortfall in the power supply situation in the State. There is a gap of nine million units per ... More

TAXATION

Tax collections up 20.24 pc in Q1
THE economy is showing definite signs of recovery, going by the Centre's tax collections in the first quarter. Aided by a surge in corporate tax revenues, the Centre's overall revenue collections grew by 20.24 per cent to touch Rs 39,173.87 ... More

SSI

Fresh census of SSIs in AP
VISAKHAPATNAM: The Andhra Pradesh Government has initiated the process to undertake a fresh census of the small scale industries (SSIs) in the State to assess their status and gauge the growth in this sector during the last ... More

RADIO/TV

Broadcasting industry keen on regulatory body
EVEN as the amendments to the Cable Television Networks Act is pending with the Rajya Sabha, the broadcasting industry has raised the issue of setting up a regulatory body. Speaking at a conference on Conditional Access System (CAS), organised ... More

REAL ESTATE & CONSTRUCTION

Ire over TN Govt order on building regularisation
EVEN as the Tamil Nadu Government is keeping everyone guessing as to its response to the requests for drastic modification in its order on building regularisation in the five municipal corporations in the State, the protest against the move is ... More

DISINVESTMENT

KS&DL staff offer ownership plan
EMPLOYEES of the State-owned Karnataka Soaps & Detergents Ltd (KS&DL), a company that has been marked for privatisation, have come up with an alternative plan of employee ownership of the famed sandal soap factory. The scheme involves vesting ... More

Nalco domestic offer in Oct; ADR in Feb
THE Government has indicated an October date to sell 10 per cent Government stake in National Aluminium Company Ltd (Nalco) in the domestic market followed by a 20 per cent ADR offering in next February, with a strategic sale of 29.15 per cent ... More

SCI sale may stall over reserve price
THE privatisation of Shipping Corporation of India (SCI) has hit an iceberg over the level at which the reserve price should be fixed for the Government's 51 per cent stake being put up for sale and the bidders estimates on the price to be paid ... More

RURAL DEVELOPMENT

PMRY schemes make tardy progress
THE Prime Minister's Rozgar Yojana, one of the most popular self-employment schemes in the country, has been having a bearish run during the last few years in Andhra Pradesh, with disbursement of loans vis-a-vis sanctions under the scheme ... More

EVENTS

National garments fair 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 ... More

Hyderabad Engagements

INCOME TAX

I-T bulk filing
NEW DELHI: The due date for filing returns under the scheme for bulk filing of returns by salaried employees 2002 has been extended by one month to August 31, according to a statement issued by the Directorate of Income-Tax. ... More

TOURISM

Kerala: Durbar Hall Grounds get new look
THE Durbar Hall Grounds, a two-acre property once owned by the erstwhile Maharaja of Cochin in the heart of the city, has got a new lease of life with the completion of the beautification programme. The area, currently owned by the Revenue ... More

Tourist office in Saudi planned
INDIAN tourism authorities are looking at tapping the potentially large market in Saudi Arabia and plans are on to open a tourist office in Jeddah possibly by October to boost visitor levels to India from the oil rich kingdom. The decision to ... More

ECONOMIC OFFENCES

Crackdown on petro goods racket thru Kandla
THE Gujarat Sales Tax (ST) Department has begun a crackdown on what it believes to be a major instance of tax evasion, running into hundreds of crores of rupees, that originates in the high seas off the Kandla coast. Among the commodities ... More

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