Financial Daily from THE HINDU group of publications
Wednesday, July 31, 2002
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INDUSTRY & ECONOMY

ECONOMY


Poor monsoon scuppers revival hopes
JUST when things seemed to be going better comes the bad news of failure of this year's monsoon. We are two-thirds through the rainy season but drought conditions continue in most parts of the country. Say what you will but the economy depends ... More

Udyog Mitra hopeful of steady investment flow
The Udyog Mitra cleared projects worth Rs 10,000 crore in the last financial year. Almost 60 per cent of the total cleared projects have started taking shape in the State, he added. More

Govt may re-orient budget: Naidu
HYDERABAD: With about 30 per cent fall in foodgrains production last kharif and majority of mandals in the State reeling under drought-like situation due to uncertainty and delayed monsoons, the Andhra Pradesh Government may have to ... More

ENVIRONMENT


  • Forest land for Idamalayar project

    FOREIGN TRADE


    Poland seeks to strengthen trade ties with India
    MINING, agri-processing and information technology are the three areas of focus for Poland, which seeks to increase trade cooperation and participation from the Indian industry, according to Mr Marek Moron, Consulate Head of Poland in Mumbai. A ... More

    HOTELS


    `More room space may hit hotel profitability`
    A CONSIDERABLE increase in capacity additions is expected to impact the profitability of hotels in the premium segment over the next three years, according to a study by CRIS INFAC, a subsidiary of Crisil. Despite a double-digit growth in ... More

    PETROLEUM


    Call for use of ethanol blended fuel for vehicles
    ETHANOL blended fuel is a practical option as an environment friendly fuel, and public awareness has to be enhanced to bring about its widespread acceptance, according to Mr M. Manickam, Vice-Chairman and Managing Director, Sakthi Sugars ... More

    PHARMACEUTICALS


    A push for quicker drug discovery
    Bioinformatics is emerging as a viable business proposition especially in the areas of drug discovery, drug development and clinical trials. More

    `Centre for Excellence' on anvil for pharma sector
    THE drug and pharmaceutical companies in Andhra Pradesh, especially a large number of them concentrated around Hyderabad, will soon get the benefit of a `Centre for Excellence', wherein an analytical laboratory, a library and training facilities ... More

    POWER


    `Power sector will turn bright'
    THE Government is confident that in the next three years the health of the power sector in more than 15 States will be sound enough to attract more players and fresh investment from both the public and private sector, according to the Secretary ... More

    APERC orders modification of power purchase pacts
    APERC had directed APTransco to consider all the projects including NTPC Talcher, NTPC Ramagundam, Jegurupadu Stage II, various mini-power plants and the power available from the projects of the Non-Conventional Energy Development Corporation of Andh ra Pradesh. More

    FIs, banks move on `group approach' — GMR Vasavi invokes security mechanism on Tanir Bhavi
    THE threat by financial institutions and banks to adapt the `group approach' has prompted the GMR Vasavi group to invoke the first stage of the payment security mechanism on Tanir Bhavi Power Company Ltd (TBPCL). Sources here said that the FIs, ... More

    Power stations with BHEL-built thermal sets bag awards
    THIRTY-two thermal power stations in the country, equipped with generating sets built by Bharat Heavy Electricals Ltd (BHEL), have been awarded meritorious productivity awards for excellent performance from the Union Government, a BHEL press ... More

    Regulator asked to intervene in Tanir Bhavi escrow row
    THE Karnataka Power Transmission Corporation (KPTCL) has appealed to the State Electricity Regulatory Commission to restrain Tanir Bhavi Power Company Ltd (TBPCL) from drawing funds from the escrow account operated by the State Bank of Mysore ... More

    STEEL


    Steel majors top NPA list of UTI
    MAJOR steel companies account for a bulk of the gross non-performing assets (NPAs) of the Unit Trust of India (UTI), which was Rs 6,624.37 crore at the end of March 31, 2002. The troubled financial institution, IFCI, is also in the list of ... More

    WATER MANAGEMENT


    Rural water schemes need Rs 5,000-cr annual funding
    THE Lok Sabha was informed on Tuesday that to maintain the assets created under the various rural water supply schemes in the country Rs 5,000 crore is required every year. Responding to a question raised on the issue by the Congress member, Mr ... More

  • BHEL clear water projects

    COAL


    Cabinet okays higher royalty rates for coal
    IN a move that will benefit the coal producing States, the Cabinet Committee on Economic Affairs (CCEA) on Tuesday approved higher rates of royalty for various grades of coal as proposed by the Ministry of Coal and Mines. The new rates will, ... More

    REAL ESTATE & CONSTRUCTION


    It works out real cheap
    Here's another reason why India is emerging as a major outsourcing hub for IT giants — low rentals compared to other world metros. More

    HUMAN RESOURCES


    India's skill base weak, says UNIDO report
    THE United Nations Industrial Development Organisation's `Industrial Development Report 2002-03' has warned that India may face skill constraints when it tries to upgrade technologies in a large range of activities to compete in liberalised ... More

    TRADE & LABOUR UNIONS


    KAIC employees threaten strike
    THE employees of the State-owned Kerala Agro Industries Corporation (KAIC) have threatened to go on indefinite strike if the Government fails to take urgent measures to solve the problems confronting the company. The office-bearers of the ... More

  • Kerala: INTUC (I) seeks withdrawal of Loading & Unloading Bill

    INCOME TAX


    Deadline for I-T returns extended till August 9
    THE Finance Ministry has extended the deadline for filing income-tax returns to August 9 and relaxed the condition for quoting PAN on bank challans. The extension of the deadline by nine days is aimed at facilitating better compliance given ... More

    EXPORTS & IMPORTS


    e-mail as the green channel
    Refund queries happen all the time in an export transaction. The Chennai Customs House has taken the e-mail route not only to reduce enormous paperwork but to keep importers posted on developments. More

    Exports on course to achieve 18% growth this fiscal: Rudy
    AFTER a challenging year where the country's exports dipped significantly leading to two revisions in overall export projections, the country's exports are looking up this year, according to the Minister of State for Commerce, Mr Rajiv Pratap ... More


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