Financial Daily from THE HINDU group of publications
Saturday, August 03, 2002
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INDUSTRY & ECONOMY

TOYS


Training for Kondapalli toy makers
IN a bid to make the famous Kondapalli toys in Krishna district more attractive and acceptable in the domestic as well as export markets, the National Institute of Fashion Technology (Hyderabad) and the Crafts Council of Andhra Pradesh are ... More

ANTI-DUMPING


Help sought to check dumping duty on bed linen exports
THE Cotton Textiles Export Promotion Council (Texprocil) has asked the Union Government to sensitise the Indian missions in all the 15 member-states of the European Commission on what it calls the `back-to-back' anti-dumping proceedings initiated ... More

Dumping duty proposed on oxo alcohols
THE Designated Authority in the Ministry of Commerce has recommended the imposition of provisional anti-dumping duty on imports of certain acyclic alcohols (oxo alcohols) from Brazil, Malaysia, Romania, Singapore and South Africa. The petition ... More

COURTS/LEGAL ISSUES


From Court to Commission
A RECENT decision of the Supreme Court has laid down a few broad guidelines on how to go about the appointment of a sitting Judge of a High Court to a Commission. What's okay: Appointment of a sitting Judge to the following offices may ... More

ECONOMY


RBI for ceiling on States' loan guarantees
TO bring about fiscal discipline in state finances, RBI has recommended a need for a ceiling on guarantees on loans given by State governments to various state level undertakings. A ceiling on state guarantees has also been recommended by a ... More

Soft interest rates right for economy now: Jaswant
THE Finance Minister, Mr Jaswant Singh, today told Lok Sabha that the low interest rates were right for the economy at this point of time, notwithstanding the effect they were having on savings. "I think soft interest rates are a right step and ... More

ENVIRONMENT


Separate PCB office for Vizag SEZ
THE Andhra Pradesh Pollution Control Board (APPCB) would be opening a separate office within the premises of the proposed special economic zone (SEZ) being established by the State Government near Visakhapatnam with private participation. A ... More

FOREIGN TRADE


`S. Asian nations must co-operate more on trade'
THE countries of South Asia should move away from "confrontation politics" to co-operation in economic and trade relations and regional trading blocks should be developed on the lines of the European Union (EU) or the Association of South-East ... More

INFRASTRUCTURE


MGR Film City to give way to knowledge park
The MGR Film City did not take off as expected and had accumulated losses of about Rs 14 crore. More

PETROLEUM


Petrol pump allotment issue rocks Parliament
THE controversy over the issue of allotment of petrol pumps today rocked both Houses of Parliament with the Opposition calling for the resignation of the Petroleum Minister, Mr Ram Naik, and demanding a Parliamentary probe into the matter. The ... More

POWER


KPTCL appeals dismissed — Regulator allows Tanir Bhavi to draw dues
IN a landmark verdict, the Karnataka State Electricity Regulatory Commission (KERC) has dismissed the appeals by the Karnataka Power Transmission Corporation Ltd (KPTCL) against Tanir Bavi Power Company Ltd (TBPCL) and the State Bank of Mysore ... More

STEEL


Durgapur, Rourkela Steel post heavy losses in Q1
EVEN though the Durgapur Steel Plant (DSP) and the Rourkela Steel Plant (RSP) have posted first quarter losses , the top brass of both plants expect a better showing by September-end. Together, these two plants accounted for Rs 765.11 crore out ... More

SSI


  • Sick SSI units in Karnataka to get relief

    WATER MANAGEMENT


    KWA receivables more than Rs 190 cr
    THE State Irrigation Minister, Mr T.M. Jacob, has said that the Kerala Water Authority (KWA), the official drinking water supply agency, has totted up outstanding bills of Rs 190.34 crore as per latest available statistics. Replying to ... More

    EDUCATION


    Low-cost bank loan scheme for engg students on cards
    WANT to become an engineer but worried about raising finances? Take heart! Help is now at hand. Banks are considering a proposal to provide a special loan scheme for engineering students, which will enable them to raise resources at low rates ... More

    MEDICAL INSTITUTIONS & HOSPITALS


    US hospitals scouting for Indian nurses
    AFTER software professionals, it is the turn of nurses to tap the rich prospects in the US, where hospitals are feeling the pinch of the shortage of such professionals. And Bangalore has come into focus to meet the huge demand for nurses. Apart ... More

    REAL ESTATE & CONSTRUCTION


    Regularisation takes political hues in TN
    THE revised fee structure announced by the State Government for regularisation of unapproved constructions by slicing off nearly 50 per cent from the earlier rates seems to be the best bet in the current situation, with the Government trying to ... More

    PAPER, BOARD & NEWSPRINT


    Increased diversion to power units — Agro-based paper mills want `first charge' on bagasse
    Mr P.G. Mukundan, Secretary-General, Indian Agro & Recycled Paper Mills Association said, "An excise duty differential will help non-wood based paper mills to market their products in a better manner. The non-wood based mills are having higher cost o f production due to higher raw material cost than the wood-based units". More

    INDUSTRY ASSOCIATIONS


    Kanara chamber seeks more powers for port tariff body
    THE Kanara Chamber of Commerce and Industry (KCCI) has asked the Shipping Ministry not to dilute the role and functions of the Tariff Authority for Major Ports (TAMP). Responding to the reported Government move to make changes in the nature and ... More

    PAINTS


    IPA in varsity tie-up
    KOLKATA: THE Indian Paints Association (IPA) has tied up with the Industry-Institute Partnership Cell (IIPC) of Jadavpur University for setting up a Technical and Testing Centre. Prior to a seminar on the proposed `IPA Testing Centre,' ... More

    DISINVESTMENT


    CSL workers plan blockade
    THE employees of the public sector Cochin Shipyard Ltd are planning to block the National Highway in front of the yard along with their family members in protest against the Union Government decision to privatise the yard. As many as 10,000 ... More

    Kerala MPs' plea against privatisation
    MEMBERS of Parliament from Kerala, cutting across political affiliations, have submitted a memorandum to the Union Minister of Shipping, Mr Ved Prakash Goyal, urging him to desist from the move to privatise the public sector Cochin Shipyard ... More

    FOREIGN DIRECT INVESTMENT


    FDI in education being reviewed
    THE Government has decided to review the policy on foreign direct investment (FDI) in primary and elementary education, according to senior officials. The administrative ministry, the Ministry of Human Resources Development (HRD), has set up an ... More

    SOCIAL WELFARE


    Literacy campaign in AP
    VIJAYAWADA: The Andhra Pradesh Government should introduce mid-day meal scheme in schools to promote literacy and to arrest the dropout rate, Dr C. Rangarajan, Governor, has suggested. He made the suggestion while launching the ... More

    TRADE & LABOUR UNIONS


    Where child labour breeds
    CASES of child labour exploitation have been reported from the coastal districts of West Bengal, Maharashtra and Orissa, where the children are being engaged in the prawn cultivation, processing and packaging industry. The Centre for ... More

    EVENTS


  • Hyderabad Engagements
  • Bangalore Engagements

    INCOME TAX


    Perquisites: Amended rules held valid
    BY A notification dated September 25, 2001, the Central Board of Direct Taxes had brought in radical amendments in the Income-Tax Rules, 1962, in order to alter the mode of valuing perquisites for employees. Employees were divided into three ... More

    Sec 80 L tax sops from this fiscal
    THE Finance Ministry today clarified that the maximum amount of deduction available under Section 80 L of the Income Tax Act would be Rs 15,000 from assessment year 2003-04. Out of this, Rs 12,000 shall be allowable from income by way of ... More

    Chambers hail I-T incentives
    THE apex chambers of commerce and industry have welcomed the tax incentives announced by the Finance Minister, Mr Jaswant Singh.In a statement, the President of the Associated Chambers of Commerce and Industry (Assocham), Mr K.K. Nohria, ... More

    Tax sops welcomed
    THE Federation of Andhra Pradesh Chambers of Commerce & Industry (FAPCCI) has hailed the marginal relief offered to retail investors by the Union Finance Minister, Mr Jaswant Singh, and said the withdrawal of service tax on payment of LIC premium ... More

    NATURAL CALAMITIES


  • More taluks declared drought-hit in Karnataka

    TOURISM


    `Poll process to boost tourism'
    TOURISM in Jammu and Kashmir is expected to get a boost after the conclusion of election process according to the Director General of J&K Tourism Department, Mr M. Ashraf. Addressing a press conference here on Friday, he said apart from the one ... More

    ECONOMIC OFFENCES


  • Lok Ayukta focus on Karnataka Govt depts
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  • Top Stories
    RPL used public issue proceeds to buy group co stocks: DCA


    Reliance to complete Phase I K-G basin drilling by Dec

    US hospitals scouting for Indian nurses

    Gold market turns jittery on Jaswant's statement

    IOB keeping options open on second VRS

    DCA to closely monitor buybacks

    Low demand drives TN poultry farms to culling

    Low-cost bank loan scheme for engg students on cards

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Jul. 21-Jul. 27
    Shortage of vouchers — I-T salary refunds date extended

    Signs of revival in project investment scenario

    Core industries post 5.7 growth in Q1

    El Nino flies in face of Kerala experience

    Country facing worst drought in over 10 years: Ajit Singh

    Are States falling into a deeper debt trap?

    FM operators hit a roadblock


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