Financial Daily from THE HINDU group of publications
Saturday, August 31, 2002
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INDUSTRY & ECONOMY

ECONOMY


Monsoon failure likely to dampen GDP growth: RBI
Inflationary pressures have eased, the central bank says, as reflected by the movement of average wholesale prices. But the consumer price index has exhibited an upward trend, contrary to the movement of the wholesale price index. More

Fiscal, structural reforms can help attain growth goal: IMF
The IMF directors stressed that improving the performance of the public sector banks and financial institutions is "critical'' to ensuring medium-term financial stability and to financing the country's developmental needs. More

RBI annual report 2001-2002 — Economic climate may force RBI to change stance
THE Reserve Bank of India has warned that changes in economic circumstances may warrant measures that are not in consonance with easy liquidity conditions prevalent since the beginning of fiscal year 2002-03. The warning could be an indication ... More

Debt-swap mechanism — RBI not for stepped-up borrowings by States
THE Reserve Bank of India (RBI) has expressed reservation over the Finance Ministry's proposal to allow States additional market borrowings of around Rs 10,000 crore a year to swap high cost loans contracted in the past. At a meeting with ... More

Smile amid despair
Low rainfall, loss of crop and no work have not dampened the spirit of this girl in Anantapur, which is reeling under one of the worst drought situations ever. The spectre of starvation looms large over Anantapur, which receives low rainfall even ... More

ENVIRONMENT


Emission norms for TN brick, tile units
The brick manufacturers have to implement the changes before the next firing season commencing in January 2003. More

Chennai Corpn restrained from dumping wastes
THE Madras High Court has issued an interim injunction restraining the Commissioner, Chennai Corporation, from using lands in Pallikkaranai village in Kanchipuram District for storage of municipal solid wastes or as land filling site for the ... More

FOREIGN TRADE


More `Made in India' shows planned to boost trade
IN an effort to promote trade and investment ties between India and emerging markets, the Confederation of Indian Industry (CII) plans to hold a series of trade fairs in different parts of the world in the near future. The head of CII's ... More

HEALTH


Cardiac centre for Chhattisgarh
NEW DELHI: The new State of Chhattisgarh is set to get a cardiac centre. The State Government has announced that it would set up a Heart Command Centre at Raipur, the State capital, in collaboration with the Capital-based Escorts Heart ... More

INFRASTRUCTURE


Naidu seeks assistance from UNDAC
THE Andhra Pradesh Chief Minister has urged a team of United Nations Disaster Assessment and Coordination (UNDAC) to support in the preparation of disaster preparedness plans for growing cities such as Hyderabad. He said there was a need to ... More

POWER


Power Trading Corpn to handle Bhutan power
POWER Trading Corporation of India Ltd (PTC) will soon be trading power imported from two hydro-electric projects in Bhutan. It is set to sign an agreement for supply of power from the 336 MW Chukha and the 60 MW Kurichu projects and trading ... More

`Power utilities should focus on competing in the market'
THE Andhra Pradesh Governor, Dr C. Rangarajan, has said that electricity regulatory commissions in various States must explore how competition can be enhanced at each stage and how power utilities could transit from "competing for the market" to ... More

STEEL


CR steel: Pre-emptive action was US producers' aim
THE rejection by the US International Trade Commission of the US steel industry's demand for imposition of new anti-dumping duties (ADD) ranging from 24 per cent to 153.6 per cent on cold-rolled (CR) steel imports is a setback for not only the US ... More

TAXATION


Kelkar to head task forces
DR Vijay Kelkar, Advisor to the Finance Minister, will head the task forces being constituted to formulate strategies for reforming direct and indirect taxes and simplification of procedures. The task forces, which will have a wide ... More

EDUCATION


SEBI to start training institute in AP
THE Securities and Exchange Board of India (SEBI) would start a benchmark training institute from Andhra Pradesh soon, according to its Chairman, Mr. G.N. Bajpai. The existing Indian School of Business (ISB) training modules would be useful in ... More

REAL ESTATE & CONSTRUCTION


IEI plans seminar on building code
Discussions would centre on building materials, timber and wood substitutes, construction safety and other engineering services. The seminar and workshop would also concentrate on construction practices relevant to Kerala. More

FOREIGN DIRECT INVESTMENT


Daksh eServices among 33 FDI proposals cleared
DAKSH eServices Private Ltd's proposal bring in 14 per cent foreign equity into the company from Mauritius-based General Atlantic Mauritius Ltd involving foreign direct investment (FDI) worth Rs 33.68 crore is among the 33 FDI proposals involving ... More

EVENTS


  • Hyderabad Engagements

    INCOME TAX


    A bungle in the boot
    S. Murlidharan highlights the fallacy in the valuation formula for the car perk More

    Why bet on losers?
    Without doing its homework, the Department has been flooding the ITAT with its appeals, says T. N. Pandey More

    Fairness frayed
    R. Anand discusses a recent Jharkhand High Court decision on the perk value of housing More

    EXPORTS & IMPORTS


    Bidding norms for export cos eased
    AN exporter company, resident in India, can now give guarantee in lieu of Bid Bond guarantee for bidding for a contract outside India. Such a guarantee can be given without the approval of the `Approving Authority' so long as the amount of ... More

    TOURISM


    Thrust areas mooted to boost tourism
    MR Y.C. Deveshwar, Chairman of ITC Ltd, has suggested 10 key thrust areas for the Government and the industry to work together in order to attain a higher rate of growth in tourist arrivals. Delivering the keynote address at a national ... More

    Lanka open to tourism tie-ups
    THE Sri Lankan Government has expressed its willingness to partner with Kerala in the fields of tourism, fisheries, health and education which offer vast potential for joint venture projects. Announcing this, an official spokesman quoted the ... More

    Singapore tourism to organise travel trade marts
    IN a bid to attract more tourists, the Singapore Tourism Board (STB) will be organising a travel trade mart in Chennai, Mumbai, Kolkata and Delhi next month. The meet has been planned to interact with the travel trade representatives on the ... More

    ECONOMIC OFFENCES


    RBI to formulate policies to curb money laundering
    THE Reserve Bank of India is in the process of formulating policy, procedures and controls required by banks to check the possible use of the financial system for money laundering and financing of terrorism, according to Mr Vepa Kamesam, Deputy ... More
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    RBI annual report 2001-2002 — Economic climate may force RBI to change stance

    Power Trading Corpn to handle Bhutan power

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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

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    Tenth Plan to ease private funding of minerals sector

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    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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