Financial Daily from THE HINDU group of publications
Wednesday, September 04, 2002
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INDUSTRY & ECONOMY

INVESTMENTS


Debt or equity... a tough choice indeed!
MAKING an investment decision is no cakewalk. And, current market conditions certainly haven't made the process any easier for retail investors. Take, for example, a decision of whether to look at debt or equity offerings of a mutual fund at ... More

ANTI-DUMPING


Differing views on safeguard duty on ECH
CONFLICTING signals have emerged from the office of the Director General (Safeguards) on the issue of safeguard duty on epichlorohydrin. In a detailed report dated June 25, the DG, Mr R.K. Gupta, had suggested a graded safeguard duty for the ... More

ECONOMY


Growth rate steady, says AP Finance Minister
THE Andhra Pradesh Finance Minister, Mr Y. Ramakrishnudu, has said that the growth rate has been steady and reflected a positive trend in recent years during the seven-year tenure of the Telugu Desam Party under Mr N. Chandrababu Naidu. The ... More

ENGINEERING


`More scope for export of engg goods'
PRODUCTIVITY of industrial labour in Andhra Pradesh which at one time was low is now the highest in the country and there is vast scope to step up export of engineering goods and machinery from the State, Mr K. Vidyadhar Rao, Minister for Major ... More

ENVIRONMENT


First BoT project future uncertain
THE first build-operate-transfer (BoT) project in the State is threatening to prove a wasted effort, with Poabs Enviro Tech Ltd, the joint venture partner of the Corporation of Thiruvananthapuram in the pioneering Rs 9-crore garbage treatment ... More

Consensus on issues at Earth Summit
THE plenary of Environment Ministers at the Earth Summit in Johannesburg has agreed on some contentious issues such as bio-diversity, water and sanitation, management of natural resources, changing consumption patterns, climate change and labour ... More

Norwegian aid for KSPCB
BANGALORE: The Norwegian aid agency (Norad) is providing an assistance to the tune of Rs 9 crore to the Karnataka State Pollution Control Board (KSPCB) to activate the six real-time ambient air quality monitoring stations in Bangalore ... More

Pampa river action plan yet to take off
ABSENCE of an administrative set-up in the Government to take up the Pampa action plan under the Centre's National River Conservation Programme (NRCP) seems to be delaying the project. The Minister for Water Resources has, however, convened a ... More

HEALTH


Clinic for metabolic disorders
THIRUVANANTHAPURAM: The Metabolic Disorders Research Centre (MDRC) managed by Terumo Penpol, a leading player in medical equipment and surgical products, has opened a centre for research in metabolic/genetic disorders and evaluation of ... More

PETROLEUM


IOC dispensers in Chennai by year-end — TN Govt drive to enforce norms for LPG as auto fuel
EVEN as the State Transport Department has begun a crackdown on vehicles using LPG also as a fuel, especially the call taxis, steps are on to have at least a couple of LPG dispensing stations in Chennai before the year-end. The Indian Oil ... More

POWER


NTPC to float arm for power trading — Maiden deal with Kayamkulam
THE Rs 20,000-crore National Thermal Power Corporation Ltd (NTPC) plans to enter power trading. It is in the process of incorporating a subsidiary company for this purpose. NTPC's Chairman and Managing Director, Mr C. P. Jain, told Business ... More

Maharashtra rejects Dabhol lenders' rate for power
EFFORTS by lenders to Dabhol Power Company (DPC) to re-start the 653-MW phase-I of the Dabhol power project have reached a dead end with the Maharashtra Government rejecting their offer to sell power at Rs 2.86 per unit. Saying that the offer ... More

TEXTILES


Industry may raise hank yarn premium issue at meeting
THE Textile Commissioner has convened a meeting of the representatives of the textile industry in Mumbai on Wednesday to discuss their problems in meeting the hank yarn packing obligation (HYPO) commitments. The latter, groaning under the ... More

SSI


CII survey upbeat on SSI export growth
THE export scenario for the domestic small and medium sector is on an upswing for the next six months. This has been indicated by the 17th Business Outlook survey for small and medium enterprises conducted by the Confederation of Indian Industry ... More

Central sops to SSIs `disappointing'
MADURAI: The Confederation of Southern States Small Industries Association (CONSSIA) has expressed its disappointment over the sops announced recently for the SSI sector by the Union Finance Minister, Mr Jaswant Singh, at the annual SSI ... More

RADIO/TV


Vijay TV turns pay; operators pull the plug
THE cable TV operators in Coimbatore city and the STAR TV group are again in a sparring mood. The cable TV operators have blanked the Tamil channel Vijay TV from the STAR TV stable from September 1 following the channel becoming `pay', the first ... More

REAL ESTATE & CONSTRUCTION


Kerala: Scheme to settle property cases
THIRUVANANTHAPURAM: The State Government has notified a onetime compounding scheme for settling cases of registration of properties by under-declaring their value. An official spokesman said that there are an estimated nine lakh cases of ... More

INDUSTRY ASSOCIATIONS


CII plans trade fairs abroad
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

READYMADE GARMENTS


Colour fading out for the garment sector?
The industry, in the words of Mr N.F. Mogrelia, President of the Apparels and Handloom Exporters Association, is old and fatigued. There is hardly any young blood entering this industry at this stage. More

AGRICULTURAL POLICY


`Karnataka Govt taking steps to help farmers'
THE Karnataka Government is trying to take concrete steps to address the problems arising out of scanty rainfall, according to the State Agriculture Minister, Mr V.S. Koujalgi. According to a press release issued here, Mr Koujalgi, who was in ... More

DISINVESTMENT


PM gets into huddle with Ministers
DIVERGENT views expressed by several Cabinet Ministers on the NDA Government's disinvestment policy came up for discussions at a high-level meeting convened here today by the Prime Minister, Mr Atal Bihari Vajpayee, ahead of the crucial meeting ... More

RURAL DEVELOPMENT


3.32 lakh families covered under IBRD-aided project
VELUGU, meaning light, a Rs 2,835-crore World Bank-aided project, aims to double and possibly triple the income levels of the poorest of the poor families in Andhra Pradesh. The average annual income of these families today stood at Rs 6,000, ... More

INDUSTRIAL POLICY


Tax relief for titanium dioxide
THIRUVANANTHAPURAM: The State Government has notified extension of the term during which titanium dioxide will attract reduced sales tax at the rate of eight per cent as against the 30 per cent applicable. The term will now be valid up to ... More

EVENTS


  • Hyderabad Engagements

    EXPORTS & IMPORTS


    Training course on export mgmt
    BANGALORE: The Visvesvaraya Industrial Trade Centre (VITC) will conduct a week-long training programme on export management from September 23. Those interested may contact the Managing Director of VITC at Kasturba Road Ph: ... More

    TOURISM


    KSTDC to hardsell tourist destinations
    THE Karnataka State Tourism Development Corporation (KSTDC) is aggressively hitting the road showcasing the State as the hottest tourism destination, armed with a new theme: `Theatre of Inspiration'. KSTDC's vision is simple. "In the next ... More

    ECONOMIC OFFENCES


    SDG unveils software to detect money laundering
    SDG Software Technologies, a Hyderabad-based surveillance software solutions provider for the financial markets, has developed BankAlert - anti-money laundering software - targeting various financial institutions and the banking ... More
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  • Top Stories
    RBI Annual Report for 2002-02 — Stressing the need for social vision


    `Bank rate cut will not exceed 50 basis points'

    SDG unveils software to detect money laundering

    Panel for representation of brokers on exchanges — Report moots governance norms

    Centre cracks whip on `paddy tender mafia'

    NTPC to float arm for power trading — Maiden deal with Kayamkulam

    Railways to run dedicated parcel trains

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Aug. 25-Aug. 31
    `Monsoon failure not a cause for panic'

    Debt swaps may be restricted to loans against small savings

    Move for FDI in elementary education comes under fire

    MPs seek review of fresh investment plans of KIOCL

    Firms, Govt depts allowed to outsource non-core work

    No time respite for FM players on licence fee

    Power Trading Corpn to handle Bhutan power

    RBI annual report 2001-2002 — Economic climate may force RBI to change stance


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