Financial Daily from THE HINDU group of publications
Tuesday, August 13, 2002
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INDUSTRY & ECONOMY

ANTI-DUMPING


Bangladesh mulling dumping duty on Indian cotton yarn
BANGLADESH is contemplating a trade remedial action on imports of cotton yarn from India. It is now considering a petition from local entrepreneurs on the need to impose anti-dumping duty on imports of cotton yarn from India. A ban on the entry ... More

Dumping duty on acrylic fibre to continue
THE Designated Authority in the Commerce Ministry has recommended the continuation of the anti-dumping duties in force on imports of acrylic fibre imports from the US, South Korea and Thailand. In its final findings on the sunset review of ... More

COURTS/LEGAL ISSUES


1,691 AP cases pending in SC
NEW DELHI: There are 1,691 cases from Andhra Pradesh pending in the Supreme Court as on July 31, 2002. These include cases filed by the State Government and citizens of the State under the Public Interest Litigation (PIL) and ... More

ECONOMY


Industrial production up 4 pc in Q1
EVEN as the economy grapples with the prospects of an impending drought - possibly the worst in the last three decades - there is continued benign news flowing on the industrial front. Indeed, a nascent industrial recovery of sorts seems ... More

Deutsche Bank cuts growth forecast
DEUTSCHE Bank has lowered the GDP growth forecast for India from 5.5 per cent to 5 per cent for the year 2002. Prof. Norbert Walter, Chief Economist, Deutsche Bank group, said here that India might not be able to maintain a 5.5 per cent growth ... More

Ascon survey sees revival in manufacturing sector
A GENERAL improvement in the production trend of some of the sectors during April-June 2002 has prompted the Confederation of Indian Industry (CII) to take a position that a revival of the manufacturing sector may be on the cards during the next ... More

ENGINEERING


Machine tool industry upbeat on growth
EMBOLDENED by an impressive recovery in the last quarter of fiscal 2002 and a 16-per cent increase in order booking in the first quarter of the current fiscal, the machine tool industry is gaining in confidence to hit a sustained growth path ... More

ENVIRONMENT


Local solutions sought for climatic change
INDIA must find out an indigenous solution to arrest the impact of climatic changes and this model needs to be based on the specific requirements of our country, Dr Murali Manohar Joshi, Minister for Science and Technology (S&T), has ... More

Kerala HC bans endosulfan use
KOCHI: The Kerala High Court has banned the use of the pesticide, endosulfan or any of its formulations under any of its brand name in the State. The interim order was passed by the division bench comprising Mr Chief Justice B.N. ... More

EXCISE AND CUSTOMS


Central excise reorganisation
CHENNAI: Consequent to the re-organisation of the Central Excise Commissionerates in March, the jurisdiction of Chennai I Commissionerate of the Chennai Excise has been further revised. A department circular says that Divisions A, B, ... More

HOTELS


Hotels in Kerala resent power tariff hike
KOCHI: The Association of Approved and Classified Hotels of Kerala has urged the State Government to review the decision to withdraw the power tariff to the hotel industry. An emergency meeting of the association said that following the ... More

INFRASTRUCTURE


Industrial estates in dire need of upkeep — TN urged to notify Township Act fast
INDUSTRIAL estate associations and manufacturers want the State Government to notify the Tamil Nadu Industrial Township Area Development Authority Act, 1997, at the earliest. This, they feel, is essential for the development of major industrial ... More

PETROLEUM


20 more auto LPG dispensing stations in AP
INDIAN Oil Corporation (IOC) will open 20 more Auto LPG Dispensing Stations (ALDS) in five cities of Andhra Pradesh in a phased manner, according to Mr T.L. Jain, Executive Director, Southern Region. The outlets would be started in Hyderabad, ... More

Petro dealers move HC to contest cancellations
The Prime Minister had declared that on the grounds of scam, the licence granted for petroleum products after 2000 would be cancelled. This declaration of the Prime Minister is illegal because such decision will seriously affect the livelihood of the dealers, the petitioners added. More

POWER


High expenditure, low returns hit KSEB
The average realisation from sale of power per month in the year 2000 was Rs 145 crore as against the monthly purchase cost of Rs 193.82 crore. More

Displaced demand compensation from Tanir Bhavi
EVEN as the Tanir Bhavi Power Company has decided to take steps to ensure that it gets its dues from the Karnataka Government, the displaced residents of the erstwhile Tannirbhavi have, on their part, decided to reconstitute their action ... More

TN: Bill to privatise SEBs opposed
OPPOSITION to the proposed Electricity Bill 2001, call for simplification of procedures to obtain electricity connection to residences and for measures to avoid unannounced power cuts are some of the resolutions adopted at the 11th annual ... More

TAXATION


Bengal to join 23 other States with draft VAT Bill
The State Finance Ministers are fully agreed on uniform floor rates for various commodities, according to Mr C.M. Bachhawat, Commissioner of Commercial Taxes, Government of West Bengal. More

WATER MANAGEMENT


Kerala Govt mulls fiat on rainwater harvesting
THE Kerala Irrigation Minister, Mr T.M. Jacob, has said that the State Government is exploring the option of suitably amending building rules to make it mandatory for all multi-storeyed structures to feature rainwater harvesting facilities. The ... More

Karnataka Minister reviews water situation
BANGALORE: In a bid to arrest the incidence of waterborne ailment, the Minister of State for Rural Water Supply, Mr K.B. Koliwad, has asked the officials to cap borewells, which pump out water with fluoride content. Reviewing the water ... More

MANAGEMENT


XLRI, Hughes in pact for online management course
According to Father P.D. Thomas, Director of XLRI, the course is targeted at working executives. "It is a 14-month, 360-hour course. It has been named as Post-Graduate Certificate in Business Management. The course fee has been fixed at Rs 1.50 lakh' ', Father Thomas told Business Line. More

BREWERIES


A happy summer for beer companies
FOR the estimated 80 million cases beer industry, the extended summer has turned out to be a bonanza. According to market analysts, while the market grew by about 18-22 per cent during April-June this year, the growth rate in July has been ... More

RADIO/TV


DD invites sponsored programmes
THIRUVANANTHAPURAM Doordarshan has invited sponsored programmes for being telecast on its regional (Malayalam) channel. Announcing this, an official spokesman said that the programmes called for would include serials, telefilms, programmes for ... More

SMALL SAVINGS


Plea to retain NSO office in Kerala
THIRUVANANTHAPURAM: The Finance Minister, Mr K. Sankaranarayanan, has requested the Union Finance Minister, Mr Jaswant Singh, to retain at least one office of the National Savings Organisation (NSO) within the State. The Minister's plea ... More

FOREIGN DIRECT INVESTMENT


Malaysian cos respond to AP CM's call for investments
In Kuala Lumpur, Mr Naidu had showcased the State's efforts to develop infrastructure and assured them all necessary support and quick statutory clearances. More

TRADE & LABOUR UNIONS


Casual labour on the rise in AP districts: Study
ATTACHED labour, one of the institutions of labour market in rural areas, has been on the decline in Andhra Pradesh. On the other hand, the casual labour institution is on the rise, according to a `Baseline survey in sustainable livelihood ... More

EVENTS


`Festival of India' to be organised in Venezuela
THE Indian mission in Venezuela plans to hold `Festival of India' in Caracas, in October, the Indian Ambassador in Venezuela, Mr Rengarajan Viswanathan, has said at a meeting here. Herbal cosmetics specialist Ms Shahnaz Hussain has been ... More

`Govt-industry partnership must be vibrant'
THE Industries Minister, Mr P.K. Kunhalikutty, has called for vibrant partnership between the industry and the Government in transforming Kerala into a successful model State in the modern-day competitive economics between various ... More

Bharathiar mgmt assn opens today
COIMBATORE: The Bharathiar School of Management and Entrepreneur Development of Bharathiar University will conduct the inauguration of the Bharathiar Management Association on Tuesday. Mr N. Muruganandam, Coimbatore District Collector, ... More

EXPORTS & IMPORTS


Leather exports expected to touch $2,000-m mark
"We are bullish about export growth this year since our second largest market, the US (comprising 14.84 per cent of exports in the last fiscal) is recovering. We are also exploring new markets in Africa,'' Mr S. Audiseshiah, CLE Executive Director, s aid. More

TOURISM


TCI plans cruise services in Gulf sector
TRAVEL Corporation (India) Pvt Ltd (TCI), India's premier privately owned travel and tour organisation offering a wide range of travel and tour services in India and worldwide, is keen to ply the Arabian Gulf with its imminent cruise line ... More

ECONOMIC OFFENCES


S. Asian private sector asked to help in checking informal border trade
The Commerce Secretary, Mr Dipak Chatterjee, told the first annual meeting of the South Asia Business Forum (SABF) composed of four countries that cross border movement of vehicles through more liberal transit arrangements would be a definite measure not only to reduce informal trade, but also to foster greater sub-regional cooperation. More
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Top Stories
Coffee bourse mulls simplified schemes to attract growers


Tariff cuts boost cell-phone subscriber base in South

Pepsi Aha gallops to Rs 80-cr sales — Eats into cola's share

You'll soon know of colas' contents

Nabard to foray into consultancy services

Machine tool industry upbeat on growth

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Aug. 4-Aug. 10
India Inc upbeat despite drought

Synthetic textile exports up 32 pc in April

Perquisites for official purposes not to be taxed — Onus on employer to furnish details

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

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

Oil dealership issue may end up in court — `Arbitrary cancellation not possible'

Business confidence `significantly' up

Patni Computer among 18 FDI plans cleared

No investment limits on new tax-free bonds

Hopes of turnaround seen in readymade garment exports

HPCL says not interested in MRPL preferential offer


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