Financial Daily from THE HINDU group of publications
Thursday, August 08, 2002
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INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES


Gravy train chugs along
FOR those who are smarting under the frequent changes to perquisite rules, here is some salt to rub on, especially for those not working for Mr Nitish Kumar. A recent announcement by the CBDT has amended the perks rules for the 19th time, to make ... More

ECONOMY


Credit offtake picking up, says Janki Ballabh
THE current year (2002-03) has shown visible signs of pick-up in economic growth and some of the major industries have recorded positive growth in credit deployment, according to the State Bank of India Chairman, Mr Janki Ballabh. In his ... More

ENVIRONMENT


Paradip port fixes coal dust problem — 4 cos shortlisted for O&M contract
The four firms are L&T, Adani Port, McNally Bharat and South India Corporation (Agencies) Ltd in partnership with Elecon Engineering and Orissa Stevedoring Association. The price bids will be considered shortly, it is learnt. More

Govt to ratify Kyoto Protocol
THE Union Government has decided to ratify the Kyoto Protocol on containing the emission of greenhouse gases (GHGs) that result in climate change with adverse consequences on food productivity, the sea level, water resources, forests and other ... More

FOREIGN TRADE


Trade deficit with China at Rs 5,290 cr
CHINA continued to have a favourable trade balance with India in rupee terms in 2001-02, a trend that has been maintained over the last eight years. According to the data collated by the Directorate-General of Commercial Intelligence & ... More

`Time ripe for cos to enter Venezuela'
NOT many may have heard of a small, Coimbatore-based software development company called Vispark Solutions. Promoted by businessmen anchored in diamond trade, the company does not have a track record in the IT industry. But it did what few ... More

HEALTH


Manipur: A heady cocktail of alcohol, AIDS & drugs
IN more ways than one, the Secretariat building of the Manipur Government in Imphal represents the state of affairs in this tiny north-eastern State with a population of 2.3 million. But small is hardly beautiful, at least not in Manipur. ... More

PHARMACEUTICALS


NPPA raises penicillin prices
THE National Pharmaceutical Pricing Authority (NPPA) has increased the prices of bulk drug Sodium Penicillin from Rs 1,094/BU to Rs 1,207/BU, Benzathine Penicillin G from Rs 2,582 per kg to Rs 2,583 per kg and Procainc Penicillin G from Rs ... More

POWER


Kannur power project to be revived
THE proposal by Kannur Power Project Ltd (KPPL) to set up a 513 MW thermal plant, which has been hanging fire for more than five years due to controversy over the selection of a foreign partner, is being revived. The State Cabinet, which met on ... More

CEA nod for TNEB project
THE Central Electricity Authority (CEA) has accorded Techno-Economic Clearance (TEC) to the Tamil Nadu Electricity Board (TNEB)-promoted 94-MW Valuthur combined cycle gas turbine power project in Tamil Nadu at a cost of Rs 301 crore, according to ... More

TAXATION


Direct tax collections dip in July
THE Centre's direct tax collections slowed down in the month of July after clocking a 35 per cent growth in the first quarter of the current fiscal. The deceleration is being attributed to a perceptible decline in realisations from corporate tax ... More

TEXTILES


Textile team to visit Africa to boost exports
A high-level delegation will visit Africa to explore the potential to increase textile goods exports. The delegation, under the Union Textile Minister, Mr Kashiram Rana, is expected to visit Africa by next month. The team would include ... More

WATER MANAGEMENT


Bangalore lakes set to get new lease of life
OVER a year ago, the snow-like formation that rose out of the Belandur lake for several days caused some concern and sensation in Bangalore. It later turned out to be an unscrupulously huge dump of sewage and industrial waste into the stinking ... More

Rs 3,065 lakh for UP, Uttaranchal drinking water schemes
THE Ministry of Rural Development has sanctioned Rs 3,065 lakh to Uttar Pradesh and Uttaranchal for providing drinking water to the rural areas under the Centrally-sponsored Accelerated Rural Water Supply Programme (ARWSP) of Rajiv Gandhi ... More

COAL


Coal output hit for the third day — Talks to end Singareni miners' stir deadlocked
Miners in Kothagudem, Yellandu, Manuguru, Godavarikhani, Bellampally and other coalfields struck work that resulted in production loss of about 60,000 tonnes as against the daily output of about one lakh tonnes. More

EDUCATION


Visu Group plans one-stop campus for education
THE Visu Group of Companies is firming up plans to establish a `one-stop campus' to provide education from school to the university. It wants to rope in partners and form a consortium to implement the project, according to Mr C.C. Reddy, ... More

NITK to seek IBRD aid for industry-friendly courses
The institute's `deemed university' status would help realise `institutional synergy' between industry and higher technical education in full measure. More

INDUSTRY ASSOCIATIONS


VAT in all States must: FKCCI
THE Federation of Karnataka Chambers of Commerce and Industry (FKCCI) has said that unless the value-added tax law is implemented simultaneously by all the States, it would not help in perfect harmonisation . A key reform measure to give a ... More

DISINVESTMENT


Finance Ministry not for BPCL IPO before sell-off
THE Finance Ministry has opposed the Petroleum Ministry's move to launch an initial public offering (IPO) of Bharat Petroleum Corporation Ltd (BPCL) aggregating Rs 1,000 crore, prior to the planned disinvestment in the company. The Ministry of ... More

HUMAN RESOURCES


  • Chevening scholars to get certificates

    EVENTS


    SPEX to be held in November
    BANGALORE: The India International Sports Expo 2002 — SPEX 2002, an exhibition for the sports goods industry, equipment, allied products and services, will be held during November 20-24 in Hyderabad. The theme for the ... More

  • Hyderabad Engagements
  • Bangalore Engagements

    INCOME TAX


    CBDT panel on accounting norms for I-T
    THE Central Board of Direct Taxes (CBDT) has constituted an eight-member committee to formulate accounting standards under the Income-Tax Act 1961 to be followed by any class of assesses or for any class of income. The panel, to be chaired by ... More

    EXPORTS & IMPORTS


  • Tirupur Exporters Assn moots green card for exporters

    TOURISM


    AP to launch two more package tours
    THE Andhra Pradesh Tourism Development Corporation (APTDC) is set to launch two package tours, one to Goa and another to Srisailam, from Hyderabad from August 10. An airconditioned climatizer coach to Goa and back is proposed to be run daily ... More

    Kerala tourism action plan puts thrust on pvt investment
    THE Cabinet of the Council of Ministers has approved the draft document on `Tourism Vision 2025' as the State Government's official policy statement which delineates a roadmap for channelising domestic and foreign direct investment (FDI) in the ... More

    ECONOMIC OFFENCES


    Opposition Leader to have say in appointment of CVC
    As per the resolution by the Union Cabinet, the CVC and its members will be appointed by a three-member team headed by the Prime Minister. The other members will be the Home Minister and the Leader of the Opposition More
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  • Top Stories
    Bankers' meeting to consider more sops for coffee growers


    Maruti to launch Esteem diesel variant this month — May sport a tag of Rs 5.5-6 lakh

    Tax charges on top three cos higher

    Japan co to outsource from Hero Cycles

    Margin financing through SEs — SEBI shoots down BSE proposal

    Corporate India still napping on fraud prevention: KPMG study

    IBA for speedy disposal of loan applications

    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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