Financial Daily from THE HINDU group of publications
Friday, July 19, 2002
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INDUSTRY & ECONOMY

ECONOMY


Guarantee devolvement looms over State finances
STATE Governments, even the so-called rich States, appear to be heading towards disaster as the Rs 1,24,800-crore (as in year 2000) guarantees given by them begin devolving in a couple of years' time. Increasing defaults on State-guaranteed ... More

Focus on Pondicherry: The agenda
The Pondicherry Government has in-principle taken a decision to promote knowledge-based industries and environmentally friendly industries. Essentially, this would include information technology and biotechnology industries, tourism, the service ... More

Gujarat sitting pretty with 32 pc rainfall
FOR a State that has been perennially short of rains, Gujarat feels it is sitting pretty this year with 31.83 per cent rains under its belt as on July 17. With the first bout of rain hitting the State somewhat late in the last three days of ... More

State Finance Ministers to meet Jaswant Singh
THE empowered committee of State Finance Ministers will meet Mr Jaswant Singh, the new Finance Minister, to discuss State finances, according Dr Asim Dasgupta, West Bengal's Finance Minister. Dr Dasgupta, who is chairman of the committee, told ... More

Pondicherry at the crossroads
For long, Pondicherry enjoyed a low tax regime status. But, with uniform floor rate for sales tax coming into vogue throughout the country, Pondicherry has had to follow the Centre's diktat on this, much to the dismay of all — ... More

`Poor industrial relations hampering Pondy's growth'
AS the Pondicherry Government reorients itself towards promoting knowledge-based and eco-friendly industries, the existing entrepreneurs in new and old economy industries are concerned over the deteriorating work conditions — particularly ... More

Kerala Govt planning curbs on medical reimbursements
THE Kerala Government proposes to impose some restrictions on the medical reimbursement scheme being enjoyed by its employees, according to the State Finance Minister, Mr K. Sankaranarayanan. Stating this in a written reply in the State ... More

INFRASTRUCTURE


Phase I of Vizag SEZ to be over by '03: Minister
PHASE I of the proposed Special Economic Zone to be established at Achutapuram in Visakhapatnam district is expected to be completed by the year 2003, according to the State Major Industries Minister, Mr K. Vidhyadher Rao. Mr Rao told the ... More

POWER


PFC mulls alternative routes to secure loans
Sources said that among the alternatives now being considered were to create reserve funds exclusively earmarked for the debt service support. Currently, PFC's lendings are secured through creation of an escrow account, where it has the first charge on the borrowers' receivables and supported by a State Government guarantee. More

WBSEB urges new norms for Central power dues
THE West Bengal State Electricity Board, one of the constituents of the Eastern Regional Electricity Board, has written to the Union Power Ministry urging it to review the modalities of the power regulation programme of the Central power ... More

CEA nod for Bakreswar second stage
THE fourth and the fifth units of Bakreswar Thermal Power Plant (BkTPP), comprising the second stage of this 1,050 MW thermal power project, has got the techno-economic clearance from the Central Electricity Authority (CEA). The project, which ... More

CARS


Car sales up 5% in June
ON account of a good performance from Fiat India, Tata Engineering, Ford, Hyundai and Honda Siel, passenger cars grew for the first time this fiscal. Total sales in the category grew by about 5.1 per cent in June this year to 42,343 from ... More

GEMS & JEWELLERY


Kovai goldsmiths losing out to new trends
The gold ornaments manufacturing activities have taken a back seat, as the latest styles are not made locally but sourced from Mumbai and Kolkata. More

REAL ESTATE & CONSTRUCTION


  • KHB to develop more townships

    TRADING


    TN traders' bandh on Aug 8
    THE Presidium of Joint Action Committee of Tamil Nadu Trade and Industrial Associations and office-bearers of Tamilaga Vanigar Sangangalin Peravai, in a meeting held at Chennai on Wednesday, have unanimously resolved to observe 24-hours bandh ... More

    PRINTING


  • Karnataka Govt move on printing presses

    DISINVESTMENT


    Rail blockade in protest against move to sell FACT
    RAIL traffic between Aluva and Ernakulam was disrupted for about four hours in the morning on Thursday following a train blockade by the employees and their families of the public sector Fertiliser and Chemicals Travancore Ltd (FACT) in protest ... More

    IPR


    AP: IPR facilitation cell set up
    HYDERABAD: The CII and the Andhra Pradesh Technology Development & Promotion Centre have set up the Intellectual Property Rights Facilitation Cell at ICICI Knowledge Park, near here, in association with the State Government to assist ... More

    RURAL DEVELOPMENT


    NCDC to sanction Rs 100 cr in Kerala
    NCDC has so far disbursed a total of Rs 500 crore for various co-operative development programmes in the State. It has sanctioned 13 district-based ICDPs with an emphasis on development of grassroots level co-operatives. More

    LABOUR REFORMS


    Labour tripartite committee to be reconstituted: Official
    THE labour tripartite committee, which has been inactive for some time would be reconstituted soon and efforts would be made to hold meeting at regular intervals to discuss issues relating to the industrial relations, Mr Nayaz Ahmed, Principal ... More

    TRADE & LABOUR UNIONS


    Fewer strikes, lockouts due to dull job market?
    STRIKES and lockouts have been on a declining trend. However, this may possibly be one of the fallouts of a dull job market as opposed to an improvement in the industrial relations scenario. According to available figures, the number of ... More

    EVENTS


    Personal finance expo
    BANGALORE: A two-day annual exhibition on personal finance opens here on Friday. The meet is expected to provide a comprehensive educative data on investments in various products and in real estate and is being organised by ... More

  • Thiruvananthapuram Engagements
  • Bangalore Engagements
  • Jewellery expo

    TOURISM


    Another lean year stares at tourism sector
    INDIA seems to be off the tourism map yet again. If the fears of the hospitality industry and the inbound tour operators are justified, then the tourism sector seems to be in for another lean year. Industry sources said the major tour operators ... More

    ECONOMIC OFFENCES


    Illegal border trade put at $2 billion
    A worrisome feature of the composition of India's informal trade with its South Asian neighbours reveals that while the country's informal exports to these countries comprise locally produced goods, its own informal imports comprise largely the Third Country goods. More

    Rs 1.1-cr cash unearthed in Xerox raids
    THE Income-Tax Department has claimed to have recovered Rs 1.1 crore in unaccounted cash during raids on Xerox Modicorp, besides unaccounted investments in shares and fixed deposits worth nearly Rs 1 crore. According to official sources, while ... More

    DCA allowed to probe Xerox dealings
    THE Company Law Board (CLB) has allowed the Department of Company Affairs (DCA) to initiate investigations in Xerox Modicorp Ltd to assess whether the management has been guilty of fraud, misfeasance or other misconduct towards the company. ... More


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  • Top Stories
    Lafarge to build Rs 150-cr Bengal plant in two years


    Illegal border trade put at $2 billion

    `We're quite strong, but we'll have to watch out' — Mr A. Ramamurthy, current-in-charge and Managing Director, LIC

    Bank defaults mount to Rs 80,246 cr: AIBEA

    Software exports touch Rs 36,500 cr: Nasscom

    Cutflower exports regain markets Down Under

    Hacking of Indian Govt Web sites on the rise

    Post going private... in letter and spirit

    Osteopathy, the healing touch

    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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