The Hindu Business Line : Friday, August 23, 2002

Family pension within Section 89 relief
RULE 21A of the Income-Tax Rules is about relief when salary is paid in arrears or in advance. Usually called the Sec 89 relief, this comes into play when the employee's income is assessed at a rate higher than that at which it would otherwise ... More

ECONOMY

FAO sees limited success in fight against hunger
GLOBALLY there will be enough food for a growing world population which by the year 2030 will touch 8.3 billion; but hundreds of millions of people in developing countries will remain hungry and many of the environmental problems caused by ... More

Divestment key to fiscal health: Baijal
"Rules of FDI for disinvestments should also not be different from the sectoral rules for new investments; otherwise, distortions would come in soon." More

ENVIRONMENT

WSSD: World marches on its belly
The UN has identified five themes — water, energy, health, agriculture and biodiversity — as requiring focussed attention at the World Summit on Sustainable Development. These, coupled with population and poverty and the relationship amon g them, should constitute the nub of the deliberations at the Summit for arriving at a solution acceptable to all stakeholders, says G. Srinivasan More

`Consumers should say no to plastics'
CONSUMER awareness as much as legislative measures are needed to tackle the environmental hazard posed by plastic disposables and plastic packaging materials, the Chairperson of Tamil Nadu Pollution Control Board, Ms Sheela Rani Chunkath, ... More

EXCISE AND CUSTOMS

Chamber welcomes `Customs Cell'

FOREIGN TRADE

Sengupta is DG of IIFT

HEALTH

AP Govt to import Japanese encephalitis vaccine
THE Andhra Pradesh Government has decided to import one lakh doses of the Japanese encephalitis (JE) vaccine from Vietnam, in view of the current shortage. Sample vaccines are already being tested at the Central Research Institute (CRI), ... More

Apollo's health scan for kids, teenagers
APOLLO Hospitals has launched Apollo School Health Scan here to monitor the health of children and adolescents. A multi-disciplinary team of experts comprising paediatricians, physicians, psychologists, nutritionists and physiotherapists ... More

POWER

Mescom to revamp distribution network
With the objective of undertaking an overall revamp in the areas of energy accounting, billing and collection, Mescom, which has a network of 14 divisional offices and 74 sub-divisional offices, is also in touch with other power utilities to chalk ou t its own action plan and prepare a list of priority areas. More

Dabhol power: Ball in MERC court
MAHARASHTRA and financial institutions are in discussions over the latter's proposal to allow the State electricity board (MSEB) to purchase 4,784 million units or 83 per cent capacity from Dabhol Power Company Phase I. MSEB had earlier agreed to ... More

Don't privatise KSEB, says reforms study
A TWO-MEMBER team drawn from the faculty at the Centre for Development Studies (CDS), which studied the entire gamut of power sector reforms in the State, has expressed itself against privatisation of Kerala State Electricity Board (KSEB). The ... More

TAXATION

Andhra Bank begins tax collection
HYDERABAD: As a part of its attempts to augment non-fund based income streams, Andhra Bank has commenced a new service called collection of direct taxes. The collections include all direct taxes comprising corporate tax, estate duty, ... More

WATER MANAGEMENT

Rs 1,200-cr Central plan for tank improvement
THE newly announced rural water scheme will see a Central investment of Rs 1,200 crore during 2002-07 period for the improvement of tanks across the country, according to the Union Minister for Water Resources, Mr Arjun Charan Sethia. He said ... More

BREWERIES

Liquor retailers dispirited by TN Govt policies
In Tamil Nadu over 1,400 shops have downed shutters out of the total of about 5,512 shops. More

FOODS & FOOD PROCESSING

Call to invest in agro-based units
AGRO-based and food processing industrials have been identified as the most suited for Madurai district and entrepreneurs should come forward to utilise the benefits and concessions offered by the State Government for the purpose, the General ... More

KNITWEAR & HOSIERY

Finalise productivity norms, says Bengal hosiery sector
THE President of the West Bengal Hosiery Association, Mr G.L. Agarwala, has urged the State Government to finalise productivity norms soon for workers employed in the hosiery industry in the State. According Mr Agarwala, even though the State ... More

LIFE INSURANCE

Birla Sun Life customer centre in Madurai

DISINVESTMENT

Govt to divest entire stake in Tyre Corpn
THE Union Ministry of Disinvestment has initiated the process of disinvesting the Government's entire 100 per cent stake in Tyre Corporation of India Ltd (TCIL). A committee has been set up for undertaking the responsibility of selecting ... More

AP awards sugar coops to Krebs, Madhucon
MADHUCON Projects Ltd and Krebs Biochemicals Ltd have won the bid for the purchase of the Palair Co-operative Sugars Ltd and Sri Venkateswara Co-operative Sugar Factory respectively. The Andhra Pradesh Cabinet sub-committee at its meeting on ... More

INDUSTRIAL POLICY

Car makers freed from export obligation
JOINT venture car manufacturer companies would no longer be required to fulfil the export obligation incurred against the imports of completely knocked down (CKD)/semi-knocked down (SKD) kits/components up to March 2001. The Directorate-General ... More

Licences in 45 days under AP single-window Act
ANDHRA Pradesh has become the first State in the country which has enacted an implementable Industrial Single Window Clearance Act 2002, according to Mr T.S. Appa Rao, Commissioner of Industries. At an interaction session with members of the ... More

TN plans to boost IT investment
THE Tamil Nadu Government will shortly conduct roadshows across the country and abroad to promote the potential of information technology sector in the State. Beginning from Delhi, the State would conduct roadshows in all the major cities ... More

EVENTS

Secularism turns on the IT magnate
We cannot afford to encourage hatred if we want a better future for our children... The majority religion should be like the elder brother, magnanimous to the younger brother... never mind how childish he can get. More

Manufacturing sector urged to tap best talent for growth
THE capacity of the automotive industry is grossly underestimated. With the right kind of manufacturing solution this could be tapped to provide the basis for further growth and utilisation of capacity. However, this can be achieved only if the ... More

ECONOMIC OFFENCES

DCA detects breach of laws by Credit Suisse
THE Department of Company Affairs (DCA) has detected a number of violations of the Companies Act by Credit Suisse First Boston (India) Securities Private Ltd (CSFB). This opens up the possibility of the examination of its transactions relating to ... More

TRENDS

Industry — a tortuous 25 years
OF LATE, the academic debate on the state of the Indian economy has focussed a great deal on the industrial sector. This is because the growth rate of this sector has witnessed a sharp deceleration over the last five years, falling below the ... More

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