Financial Daily from THE HINDU group of publications
Tuesday, August 06, 2002
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INDUSTRY & ECONOMY

CEMENT


Cement majors report higher sales in July
CEMENT despatches have risen by 18.4 per cent at ACC in July this year to 10.77 lakh tonnes as against 9.09 lakh tonnes during the corresponding period last year. Production was up 16.2 per cent at 11.03 lakh tonnes from 9.49 lakh tonnes. ... More

At lower price realisations... Earning even a small profit is achievement for cement cos
LOWER price realisation from cement, among the worst in several quarters, has dented the bottomlines of cement companies, if not dragged them into the red, during the financial quarter ended 30 June, 2002. At ACC, net realisation from cement ... More

ECONOMY


Manipur: `Jewel of the East' or `Wild East'?
JAWAHARLAL Nehru described it as the Jewel of the East, and truly, the tiny State of Manipur, with its salubrious climate, its green fields, its misty hills and its pollution-free sky, is among the most beautiful and scenic places in India. ... More

FOREIGN TRADE


`Ghana can act as gateway to markets in US, Europe'
MR John Agyekum Kufuor, President of the Republic of Ghana, has identified five specific areas for co-operation with the Indian industry. The five areas are infrastructure development, including roads, energy and communications with emphasis on ... More

PETROLEUM


PM scraps petrol pump allotments
IN an attempt to defuse the controversy raging over the alleged irregularities in the allotment of petrol pumps by the Government, the Prime Minister, Mr Atal Bihari Vajpayee, today ordered the cancellation of all allotments of pumps, LPG and ... More

  • Iran LNG project

    POWER


    Hydel takes hit; States seek aid for costly power
    STATES have sought financial aid from the Centre to meet the higher cost of power purchase owing to the drop in inexpensive hydel power generation due to the drought, according to the Union Power Minister, Mr Suresh Prabhu. Speaking to ... More

    KERC order on equity returns likely to jack up power tariff
    THE Karnataka Electricity Regulatory Commission has fixed the return on equity at 16 per cent for all the seven units of the Raichur Thermal Power Station operated by the Karnataka Power Corporation. The KERC's order is likely to have an impact ... More

  • Karnataka facing power crisis
  • Mescom firm on recovering dues

    TEXTILES


    Buoyancy in textile exports may spur cotton imports
    EVEN as the cotton textile industry is basking in the export buoyancy seen for yarn and fabrics, domestic textile manufacturers are worried over the anticipated decline in cotton output this year due to the poor monsoon. With the south-west ... More

    COAL


    Amendment to Coal & Mines Bill dropped
    THE Union Ministry of Coal and Mines has abandoned its plan to further amend the Coal Mines Nationalisation (Amendment) Bill till all major issues raised by the Joint Action Committee of the Central trade unions operating in the domestic coal ... More

    Nod for hike in coal royalty rates
    NEW DELHI: The Government has given the go-ahead for a 15 to 19 per cent hike in the royalty rates on coal against the previous average of 12.76 per cent. The new rates will not apply to West Bengal, which is levying a cess of 25 per cent ... More

    RADIO/TV


  • Karnataka cable operators to discuss CAS

    EDUCATION


  • Tutorials come under scrutiny in Karnataka

    PAPER, BOARD & NEWSPRINT


    Paper companies' margins to get a boost, says study — Rise in operating rates, paper prices seen
    PAPER producers' margins and profitability would increase in the international and domestic markets, due to expected increase in operating rates and paper prices, says a report from CRIS-INFAC. Demand growth is expected to be about 2.8 per cent ... More

    WTO


    Call for talks on WTO implementation issues
    THE task for India today is to conduct negotiations on the implementation issues of the previous rounds of trade talks in the World Trade Organisation (WTO) so that "the modalities of implementation conform to our developmental needs,'' the ... More

    TRADE & LABOUR UNIONS


    Kerala trade unions to strike work today
    THE Joint Council of Trade Unions in Kerala has called for a State-wide 24-hour strike from midnight on Monday in protest against what it called as the anti-labour policies of the Central and State Governments. Unions owing allegiance to the ... More

    EVENTS


    ICFAI seminar from Aug 23
    BANGALORE: ICFAI Business School will hold a two-day national seminar on `International Corporate Financial Reporting and Analysis' on August 23 and 24. The programme will act as a platform to evaluate the current financial reporting ... More

  • Hyderabad Engagements

    EXPORTS & IMPORTS


    Fruit, vegetable exports to EU may be certified
    THE Directorate-General of Foreign Trade (DGFT) has declared that all fresh fruits and vegetables exported to the European Union (EU) may be inspected and certified by the Directorate of Marketing and Inspection in the Ministry of ... More

    India must evolve own model for export thrust: FIEO
    ECONOMIC liberalisation has yet to address the issues that are inhibiting the country to emerge with sustained exports growth. The reforms should take into account certain specific areas of strengths that the country enjoyed and focussed its ... More

    Karnataka draft export policy being finalised
    THE State Government will be finalising a draft export policy, giving thrust on strengthening infrastructure development and focus on technology upgradation to emerge as a leading exporter in the country, Minster for Medium and Large Industries, ... More

    `Maturity factoring not to affect normal banking for exporters'
    THE new non-recourse `maturity factoring' facility offered by the Export Credit Guarantee Corporation of India Ltd (ECGC) to banks will not disturb the existing system of banking arrangement vis-a-vis exporters. Talking to Business Line ... More

    ECGC scheme to cover loss over discrepancies
    IN a bid to boost exports from the north-eastern region to Bangladesh, the Export Credit Guarantee Corporation of India Ltd has introduced a scheme to cover losses arising out of discrepancies on documents under LC at higher premium rates, ... More

    NATURAL CALAMITIES


    75 pc of districts facing imminent drought
    AROUND three-fourths of the districts in the country have received deficient, scanty or no rains at all during the first-half of the monsoon season extending from June 1 to July 31. According to the Indian Meteorological Department (IMD), 208 ... More

    `2002 could well be drought monsoon year'
    YEAR 2002 is likely to have a drought monsoon, if one were to go by the pattern of the epochal recurrence of a familiar climatological phenomenon over the subcontinent. This observation comes from Dr P.V. Joseph, former director of India ... More

    `Liberal aid likely for tackling drought in AP'
    HYDERABAD: The Centre has promised liberal aid to a delegation of BJP leaders from Andhra Pradesh and assured of Rs 140 crore to Rs 150 crore and additional allotment of rice to tackle the severe drought situation in the State, ... More

    TOURISM


    Eco-tourism plan for Sunderbans
    THE West Bengal Government has drawn up an ambitious eco-tourism project to promote the bio-diversity of the Sunderbans, the Chief Minister, Mr Buddhadeb Bhattacharjee, has said. The project will be backed by the United Nations Development ... More
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  • Top Stories
    As insurers resort to undercutting — IRDA panel hikes penalty for breach of tariff norms


    SAIL: Cost control measures do the trick

    Titan, Bata, VIP are top brands: Study

    Top cos see staff cost increasing

    At lower price realisations... Earning even a small profit is achievement for cement cos

    Manipur: `Jewel of the East' or `Wild East'?

    Major ports notch up 10 pc growth in Q1

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Jul. 28-Aug. 3
    Consumer durables growth at faster clip: Ascon study

    Professional education expanding by semester

    Under-invoicing in soyabean oil imports

    `Labour costs eroding India's edge in textile sector: Study

    Deadline for I-T returns extended till August 9

    HDFC among 46 FDI proposals cleared

    Weak monsoon may hit FMCG cos

    Tax collections rein in Q1 fiscal deficit to 29.2 pc

    Drought situation `alarming'

    Tax-free bonds look appetising

    Low-cost bank loan scheme for engg students on cards

    US hospitals scouting for Indian nurses


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