Financial Daily from THE HINDU group of publications
Thursday, August 29, 2002
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INDUSTRY & ECONOMY

ANTI-DUMPING


WTO delay in implementation — `Dumping duty issue may go to Negotiating Group'
"We expect the anti-dumping committee to finalise its recommendations (on our proposals) by the end of the year, failing which we would be constrained to submit proposals on this issue before the Negotiating Group," Mr Murasoli Maran said. More

ECONOMY


Govt hopeful uptrend in manufacturing will continue
Sources said excise collections were growing at 22 per cent and CBEC was hopeful that indirect tax target for this fiscal would be attained and "unlikely to be affected by drought". More

Anantapur traders feel the heat of drought
DROUGHT affects the entire economy and lifestyles of the people, and not just agriculture and rural households. This was evident in Anantapur district of Andhra Pradesh where falling incomes and dwindling purchasing power of people have affected ... More

Revenue pressures may force Karnataka to restrict borrowings — Drought, power deficit add to crisis
FACED with a slowdown in revenue receipts, the Karnataka Government is expected cut back borrowings for the current financial year, particularly off-budget resources raising plans. Sources said that the move was initiated in a bid to restrict ... More

ENVIRONMENT


On a perilous course
Pollution levels in the backwaters of Kerala are rising as the number of houseboats increases, since fuel refilling is done without proper care and sewage and kitchen wastewater are released directly into the ... More

EXCISE AND CUSTOMS


Excise relief for some SSI items to be restored
THE Minister for Finance and Company Affairs, Mr Jaswant Singh, has announced excise relief for a few items in the SSI sector, including ball and roller industries and the handloom sector. The excise exemption on0 ball and roller industries ... More

FOREIGN TRADE


Bid to boost India-Sweden trade ties
In a move to revitalise economic and cultural ties between Sweden and India, a three-day programme was launched here today by the Swedish Ambassador, Mr Johan Nordenfelt. The event called `Sweden in Bangalore' would revolve around the theme of ... More

HOTELS


Sakthi Sugars unit in tie-up to supply vegoil to TN hotel body — Mulls crude palmolein import
THE soyas division of Sakthi Sugars Ltd has tied-up with the Tamil Nadu Hotel Association for supply of Sakthi Refined vegetable oil to the hospitality sector. Having struck the deal, the company is contemplating to import crude palmolein for ... More

POWER


Maharashtra may consider Dabhol power at Rs 2.77 — Price not realistic: MSEB officials
THE Maharashtra Cabinet is expected to consider a proposal next week to allow the State electricity board to buy power from the troubled Dabhol power project at a tariff of Rs 2.77 per unit. A senior State Government official confirmed that the ... More

Kerala slaps 50 paise thermal surcharge
THE Kerala Government has imposed a `thermal surcharge' of 50 paise per unit on all categories of power consumers and has also "rationalised'' the tariff structure for various slabs in a bid to contain the mounting losses of Kerala State ... More

BHEL commissions solar power plant in Andamans
THE Electronics Division of Bharat Heavy Electricals Ltd (BHEL) here has successfully commissioned a 50-kilo watt peak solar photovoltaic grid interactive power plant at Neil Island of Andaman & Nicobar Islands. This is the largest solar power ... More

  • K.N. Srivastava is new KPTCL chief

    TEA


    RBI upholds tea industry's case for relief
    WITH the Reserve Bank of India having accepted all but one recommendation of a working group constituted by it to assess the tea industry's case for relief in the given crisis situation, tea companies can look forward to reliefs by way of lower ... More

    WATER MANAGEMENT


    Water levels up at major reservoirs in Kerala
    THIRUVANANTHAPURAM: Water levels at the major reservoirs of the State have risen on a week-on-week basis, according to the Central Water Commission. At Idamalayar dam, the level rose by 7.02 ft to touch 484.58 ft on Wednesday compared to ... More

    COAL


    `Youths to be involved in coal & mining sector'
    THE Ministry of Coal and Mines will explore possibilities to involve the youths in the overall development of the coal and mining sector, according to the newly appointed Cabinet Minister for Coal and Mines, Ms Uma Bharti. Assuming the charge ... More

    RADIO/TV


    No time respite for FM players on licence fee
    PRIVATE FM players will have to pay up the licence fee by tomorrow with the Government ruling out any extension of the deadline. Senior Information and Broadcasting Ministry officials said "there is no question of extending the deadline." Some ... More

    INDUSTRY ASSOCIATIONS


    TN CM urged to hold talks with traders
    THE Tamil Nadu Chamber of Commerce and Industry has urged the Chief Minister of Tamil Nadu, Ms J. Jayalalithaa, to hold a discussion with trade representatives to resolve tax issues. Mr S. Rethinavelu, President of the Chamber, said in a ... More

    DISINVESTMENT


    ONGC keen on HPCL, BPCL stake: Raha
    OIL and Natural Gas Corporation (ONGC) is interested in bidding for Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL), according to ONGC Chairman and Managing Director, Mr Subir Raha. However, while the ... More

    SOCIAL WELFARE


  • Asha Jeevan to extend service

    RURAL DEVELOPMENT


    Diversion of rice under `food-for-work' alleged
    A CONTROVERSY is raging over the implementation of the food-for-work programme taken up by the Andhra Pradesh Government on a big scale to provide employment to the drought-affected agricultural labour. It is being widely alleged, not only by ... More

    Development and Reform Facility identifies 25 dists
    THE high-level committee on Development and Reform Facility (DRF), a programme announced in the current year's Budget to be dovetailed into the Tenth Plan and designed to put in place programmes to remove barriers to growth at local levels, has ... More

  • Special status for N Karnataka asked

    EVENTS


    Delhi to host lighting experts' conference
    THE fourth three-day international conference of lighting experts - `Lux Pacifica 2002' is being organised by the Indian Society of Lighting Engineers (ISLE) here from September. The conference is being co-sponsored by CIE and the ... More

  • Hyderabad Engagements

    CONSUMER ACTIVISM


  • Karnataka plans for district consumer forums

    INCOME TAX


    `New scrutiny norms may plug revenue leakage'
    AS per the new guidelines issued recently by the Central Board of Direct Taxes (CBDT) to the Income-Tax department in respect of Limited Scrutiny under section 143(2)(i) of the Income-tax Act, "in case an Assessing Officer has reason to believe ... More

    ALTERNATIVE MEDICINES


    `Karnataka, a hub for ayurveda medicines'
    KARNATAKA has been a hub of ayurveda medicines in the country and the State boasts of several Ayurveda experts, according to Mr Kagodu Thimmappa, Minister for Health, Welfare and Information. Speaking at a meeting organised here to announce ... More

    TOURISM


    Tourism convention begins today — `Time to know industry's place in national agenda'
    THE 18th annual convention of Indian Association of Tour Operators (IATO) begins here on Thursday with hopes of greater Government-industry partnership that is expected to provide a fillip to the tourism industry. Stating this at a news ... More

    KSTDC, ITDC ink marketing pact
    THE Karnataka State Tourism Development Corporation (KSTDC) today entered into a memorandum of understanding with the Ashok Reservation and Marketing Services (ARMS) and Ashok Travel and Tours (ATT), a subsidiary of the India Tourism Development ... More

    ECONOMIC OFFENCES


    SC stays Centre's order on pump allotments
    THE Supreme Court today stayed the Union Government's August 9 decision to cancel allotment of petrol pumps, gas agencies and kerosene delearships from January 2000 and directed return of the cancelled allotments to the dealers within two weeks. ... More
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    No time respite for FM players on licence fee

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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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