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Monday, July 15, 2002

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INDUSTRY & ECONOMY

ECONOMY


Monsoon deficient till date — May blow away hopes of economic recovery
IT is turning out to be a rather uninspiring — if not disastrous — monsoon. Contrary to the India Meteorological Department's (IMD) predictions of a 15th consecutive `normal' South-West monsoon this year, the rain gods have not been ... More

Centre goes in for early expenditure management
THE Finance Ministry has kickstarted the process of prudent expenditure management — which had come in handy to offset the massive shortfall in tax revenues vis-a-vis budget targets over the last couple of years — quite early in the ... More

Review reform process, says Asim Dasgupta
THE West Bengal Finance Minister, Dr Asim Dasgupta, has sought a review of the 11-year-old economic reforms process in the country, as, in his opinion, it had digressed from its stated goals. Delivering the Foundation Day oration of the ... More

ENVIRONMENT


EDL's waste disposal project makes greens see red
ENVIRONMENT groups have opposed the pyrolysis gasification technology to be used by EDL India Ltd for the proposed 600 tonnes per day waste-to-energy project at Perungudi in Chennai, saying that it has not got the due-diligence approval from the ... More

EXCISE AND CUSTOMS


Chennai Customs' revenue collection up 13 pc in Q1
REVENUE collection (sea port) at the Chennai Customs House (CCH) increased by over 13 per cent to Rs 1,122.47 crore in the first quarter of 2002-03, compared to Rs 988.33 crore during Q1 of last year. The revenue collection, which in April was ... More

INFRASTRUCTURE


APIIC picks Dubai developer for Manikonda convention centre
THE Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has selected Emmar Properties of Dubai for building an integrated convention centre complex at Manikonda village, adjacent to Indian School of Business. According to official ... More

PETROLEUM


Funding carrier pipelines — Petronet may get oil cos to `comfort' FIs
PETRONET India Ltd (PIL) may rely on "comfort letters'' from oil companies - PIL's joint venture partners - to get financial institutions to fund its common carrier pipeline projects. PIL is looking at comfort letters as alternatives to ... More

Gasohol dollops being reviewed
IN what could be yet another rollback of a Budget announcement, the Finance Ministry has decided to review its decision to allow the 75 paise per litre surcharge concession on ethanol-doped petrol. The move would hit the sugar industry, but help ... More

POWER


Eastern region facing acute power crisis
THE eastern region is hovering around a grid collapse with the National Thermal Power Corporation shutting down three of its 500 MW units in the region. This means a reduction of 1500 MW from the NTPC system, which supplies 3440 MW power to ... More

  • RTPS downs generation
  • AP: Power supply still critical

    TAXATION


    VAT regime may see purchase tax in lieu of Central ST
    A KIND of unanimity seems to be emerging at the think-tank level over the mechanism of "destination-based Central Purchase Tax," as an alternative to the Central Sales Tax (CST), to pave the way for smooth implementation of VAT across all States ... More

    TN Traders plan protest against resale tax
    THE Joint Action Committee of Tamil Nadu Trade and Industrial Associations has decided to go on a one-day fast and agitation to protest the levy of resale tax and a host of tax-related issues. The date for agitation will be decided on July 17 ... More

    Jaswant seeks inputs on Central ST reforms
    THE Finance Minister, Mr Jaswant Singh, has decided to obtain fresh inputs on reforms in the Central sales tax (CST) system, a pre-requisite for moving into the proposed State-level value-added tax regime from April 1, 2003. Dr Govind Rao, ... More

    SSI


  • Karnataka: Scheme for SMEs

    WATER MANAGEMENT


    Degremont water plant will leave Tehri farmers high and dry: NGO
    A DELHI-based non-governmental organisation - Research Foundation for Science, Technology and Ecology - has raised objections over the Delhi Government's Water Treatment Plant project in Sonia Vihar, for which it has tied up with the French ... More

    Work `in progress' on drinking water projects
    Of the Rs 11-crore sanctioned by the Centre for the `community-based drinking water project', a total of Rs 3 crore has already been disbursed to the various panchayats concerned. More

    RADIO/TV


  • TN: `TV cable operators opting for OFCs'

    EDUCATION


    A learning experience for Fabmart
    "RAHU kalam, no payment on a Tuesday or after 7 p.m — a part of every day Chennai life, no doubt, but can snowball into a logistic nightmare for an e-retailer," the Vice-President (Marketing) of Fabmart Pvt Ltd, Mr K.Vaitheeswaran, said ... More

    PAPER, BOARD & NEWSPRINT


    `Supply gap may lead to heavy dependence on imports' — Paper makers seek policy on industrial plantation
    THERE is a strong possibility that India will be heavily dependent on imported paper and paperboard within a few years time unless a national policy for industrial plantation is framed to ensure increased availability of "fibrous'' raw material ... More

    INDUSTRY ASSOCIATIONS


  • TN: Simpson official to head employers' body
  • Pharma body chief

    READYMADE GARMENTS


    Readymade apartments prove popular in Delhi
    In the national Capital, small apartment complexes appear to be more in demand than the larger condominiums with better infrastructure facilities. More

    DISINVESTMENT


    A dumped concept being revived
    SHORTLY after he took over as the Finance Secretary in mid-1998, Mr Vijay Kelkar floated the idea of a special purpose vehicle (SPV) to help expedite the process of disinvestments, and eventually privatisation. A few weeks after Mr Kelkar ... More

    SOCIAL WELFARE


    Fighting the witchcraft deaths in Telangana
    Mr M.V Ramachandra Raju, Superintendent of Police, Rangareddy district, said it would require concerted efforts by social activists, NGOs, the police and even the political parties to rid Telangana of superstitions relating to banamati. More

    RURAL DEVELOPMENT


    SBI ready with social plan
    STATE Bank of India (SBI) has finalised an action plan to conduct 460 community service banking (CSB) activities in Kerala under various schemes during the current fiscal. The plan would cover various schemes for the weaker sections of the ... More

    EVENTS


    India to host climate change meet
    INDIA will host the Eighth Conference of Parties (COP-8) to the UN Framework Convention on Climate Change (UNFCCC) at New Delhi between October 23 and November 1. Addressing a meeting organised by the Federation of Indian Chamber of Commerce ... More

    Madhapur to host Gitex expo in Jan
    THE Dubai World Trade Centre LLC, in association with the Information Technology and Communication Department of Andhra Pradesh, is slated to host Gitex 2003 between January 22-24 at Hitex International Exhibition Centre coming up in ... More

    Come hither
    A visitor at the Thailand stall on the occasion of the 26th travel and tourism fair, which opened on Saturday at the Kannteerava Indoor stadium in Bangalore. Five countries and 14 States are participating in the three-day show. ... More

  • Seminar for company secretaries
  • Bangalore Engagements

    EXPORTS & IMPORTS


    Registration norms hurt drug exports to S. Africa
    THE recently-concluded four-day India-South Africa trade dialogue under the joint forum of ISACA (India-South Africa Commercial Alliance) in South Africa, according to independent observers, has opened up tremendous opportunities for export of ... More

    ALTERNATIVE MEDICINES


  • Ayurveda meet office opened

    TOURISM


  • Tourism packages sought

    ECONOMIC OFFENCES


    Rs 230-cr scam in 7 municipal councils — Lokayukta wants action against 100 staff
    Mr Justice Venkatachala estimates that only 10 per cent of the funds under development works are actually reaching the public, while the Government borrows several crores of rupees to raise infrastructure funds. More
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    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives
    Looking back
    Jul. 7-Jul. 13
    Nalco divestment: Strategic sale first, says Baijal

    Lockouts overtake strikes in West Bengal

    Selling blue-chip PSU stake — Ministry may opt for public offer route

    `Alarming' drop in leather garment exports

    CCD nod to offload PSU blue-chip stakes into AMC

    FDI inflows hit record high of $4.06 b: Maran


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