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Sunday, August 25, 2002

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INDUSTRY & ECONOMY

ECONOMY


Drought impact yet to be felt, says CBEC chief
THE existing drought conditions in several parts of the country is yet to show its impact on indirect tax collections, according to Mr M.K. Zutshi, Chairman, Central Board of Excise & Customs (CBEC). "It's too early to make a judgement on ... More

`Monsoon failure not a cause for panic'
THE failure of the south-west monsoon in the first half of the season should not be a cause for panic and farmers can still retrieve the situation by going in for short-duration fodder and vegetable crops, according to Dr S. Nagarajan, Director ... More

8% GDP growth in 10th Plan not feasible: Pranab
GOING by the history of GDP growth in 51 years of planning in the country and the investment rate growth in the 9th Plan, the projected 8 per cent growth in the 10th Plan period will not be feasible. Presenting his views on the state of the ... More

Bank credit declines Rs 38 crore
BANK credit has decreased by Rs 38 crore for the fortnight ended August 9, to touch Rs 6,53,454 crore from Rs 6,53,493 crore in the previous fortnight. This is inclusive of food credit, which has gone down by Rs 224 crore to touch Rs 58,853 ... More

FOREIGN TRADE


Kenya invites investments
KENYA has called upon Indian entrepreneurs to explore investment opportunities in that country in the areas of textiles, fertilisers, pesticides and tyres. "Kenya offers various benefits to investors including a liberal economic regime, cheap ... More

TEXTILES


`Minimum wage culture in garments must go'
GARMENT exporters have appealed to the Government to usher in labour reforms so that they could meet the challenges of the market place post 2004, when the Multi Fibre Agreement is fully phased out. Mr N.F. Mogrelia, President, Apparels and ... More

INDUSTRY ASSOCIATIONS


IEEMA team for Nigeria
A 15-MEMBER team from the Indian Electrical & Electronics Manufacturers' Association (IEEMA) will be visiting Nigeria for seven days starting August 25. According to a press release, the IEEMA team expects to meet important buyers during the ... More

Chandiok is IACC national president
NEW DELHI: The Indo-American Chamber of Commerce (IACC) has appointed Mr Vinod Chandiok as its new national president. Mr Chandiok, a chartered accountant, is the Managing Partner of Walker, Chandiok & Co., and the Chairman of Grant Thornton ... More

EVENTS


Parrys quiz programme
PARRYS Confectionery Ltd has launched its `Madras Cafe Quiz' across the major cities of the south. The first in the series was held here on Saturday, the second in Hubli and the third is to be conducted in Bangalore on September 1. Plans are ... More

INCOME TAX


Nil tax status, TDS and refunds
I AM a senior citizen enjoying a tax rebate of Rs 15,000 u/s 88B. My total taxable income 2002-03 is likely to be Rs 80,000. After the aforesaid rebate, my tax would, therefore, be NIL. Can I submit a Form 15H in respect of interest income ... More

Home loan and interest deductions
IF A withdrawal is made from the PF account of an individual for construction of a house, can the notional loss of interest on account of such withdrawal be claimed as a deduction in computing "Income from House Property"? K. ... More

STANDARDS & BENCHMARKS


Trademark patent body office-bearers
MUMBAI: Mr M.K. Sharma, Vice-Chairman, Hindustan Lever Ltd, and Mr K.V. Vaidyanathan, Director - Legal, Colgate Palmolive (India) Ltd, have been elected as the Chairman and Vice-Chairman, respectively of the Trademark Patent Design And ... More

ECONOMIC OFFENCES


Cabinet defers decision on petrol pump ordinance
THE Cabinet today deferred decision on promulgation of an ordinance for cancellation of allotment of around 3,600 petrol pump, LPG gas agencies and kerosene dealership made after January 1, 2000, according to an official spokesperson. The ... More
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In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Aug. 18-Aug. 24
Exit price for delisting — Reverse book-building route prone to manipulation: CII

Change in States' attitude augurs well for PSU divestment: Shourie

Tractor sales down 13.6 pc

Tea cos cheer `welcome aberration'

Tenth Plan to ease private funding of minerals sector

Banks reject tax challans sans PAN

'Raw sugar imports to replenish stocks' — Part of cost-effective operations, says Sakthi Sugars CMD

Nasscom sees pricing pressure bottoming out

Car makers freed from export obligation

Petro-product sales show positive growth in July

Garment exporters decry hefty transaction cost


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