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Sunday, September 15, 2002

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INDUSTRY & ECONOMY

ANTI-DUMPING


India contests EU claim on bed-linen case
INDIA has complained to the panel of the Dispute Settlement Body of the World Trade Organisation (WTO) that the European Union (EU) has not correctly implemented the recommendations and rulings of the DSB, asking the EU to suspend imposition of ... More

AUTOMOBILES


Panel identifies markets for auto exports
AN inter-ministerial task force headed by the Secretary, Ministry of Heavy Industries and Public Enterprises, Mr B.N. Jha, set up to facilitate exports of automobiles and automobile components from India, has identified regions like South-East ... More

COURTS/LEGAL ISSUES


  • Rs 500 note: Taboo during travel to Nepal

    ECONOMY


  • Bank credit up Rs 2,718 cr

    FOREIGN TRADE


    Maran going to attend ASEAN meet in Brunei
    THE first ASEAN Economic Ministers (AEM) - India Consultation will be held in Brunei on September 15. The Union Commerce and Industry Minister, Mr Murasoli Maran, will represent India at the meeting. The Consultation will also be co-chaired by ... More

    PETROLEUM


    Oil cos find it tough to expand retail network
    THE petroleum product marketing companies are coming up against heavy odds as they try to implement their retail network expansion schemes as part of their strategy to hold on to the market in the post-APM scenario. With the dealer selection ... More

    POWER


  • `Time not ripe for deregulation'

    TEXTILES


    Hank yarn transfer premiums still hot
    THE deferment of time granted recently by the Textile Commissioner (TC) for fulfilling the shortfall in the compulsory hank yarn packing obligation (HYPO) to defaulting textile units appears to have had little impact on the premiums sought for ... More

    COAL


    No plan to privatise coal sector, says Minister
    THE Union Government has no plans, at least for the present, to privatise the coal sector. This was stated by the Union Minister of State for Coal and Mines, Mr Ravi Shankar Prasad. Mr Prasad, while recently inaugurating the Bagdeva ... More

    MEDICAL INSTITUTIONS & HOSPITALS


  • Kerala's first pvt sector medical college opened

    INDUSTRY ASSOCIATIONS


    Tyre makers, AIMTC divided on MRP embossing issue
    ATMA representatives contended that the "liberalised economic environment" and the delicensed scenario in the tyre industry were factors that would support the discontinuation of this practice of embossing. More

    WATCHES & ACCESSORIES


    Watches: Time to tap the potential
    DYNAMIC market conditions, cut throat competition, presence of multiple brands, low growth rates, high manufacturing costs and low capacity utilisation — this is how the dial of the Indian watch industry looks today. Low and ... More

    Watch out for competition
    THE business dynamics for watches have completely changed ever since the import of fully assembled watches into India was allowed. A few years ago, one could buy a Swatch or a Tissot only from the grey market or abroad. Now, exclusive Swiss ... More

    No titans here
    Recommendation:
    Titan: Buy
    Timex: Avoid More

    World time slow too
    THE status of the global watch industry is not very different from India's. While the upper-end Swiss watches continued to grow in value, Japanese watch-makers in the mid-segment registered losses. Chinese producers at the lower end witnessed ... More

    DISINVESTMENT


    Sheen off disinvestment — But family silver still glows
    HAS the much-debated, dominant investment theme of the last 18 months — the gains linked to disinvestment of equity in public sector undertakings — fizzled out over the last two weeks? The move to postpone the disinvestment exercise ... More

    Jindal Strips `favoured' in race for Salem Steel Plant
    One of the important pre-qualification criteria for the joint venture proposal was that the bidder should `preferably have demonstrable experience of marketing stainless steel products in the international arena with a global network'. More

    The USPs of PSUs
    WHILE uncertainty over the disinvestment process has taken some of the sheen off PSU stocks, nearly all of them, barring MTNL, are still in positive territory, reckoned from January 2001, when this universe of stocks was, as a whole, languishing. ... More

    Bharti calls for BSNL, MTNL divestment
    MR Sunil Mittal, Chairman of Bharti Enterprises, today presented a strong case in favour of disinvestment of Government equity in Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd. Speaking to newspersons on the sidelines of the 29th ... More

    Postal employees plan protests
    EMPLOYEES of the postal department are planning a sustained protest against the Government's move to amend the Indian Post Office Act, 1898. The proposed amendment is apparently intended to throw the postal sector open to private operators ... More

    INTERVIEW


    `Imports, no threat for us'
    TITAN Industries is now fighting competition both from international and Indian brands that are slowly but steadily creeping into the Indian watch market. In a discussion with Business Line, Mr Bhaskar Bhat, Managing Director, Titan ... More

    SOCIETY & DEVELOPMENT


  • Pitroda, HDFC to revive modular shanties plan

    INCOME TAX


    Changing face of tax savings
    WITH almost six months of this fiscal gone by, this is probably the right time to plan tax saving investments for the year. Such investments have changed considerably from the time the laws were amended in February. Now, the high-return tax ... More

    MF incomes and redemption flows
    I PURCHASED 800 CANPEP (equity-linked insurance plan) in 1991. The Mutual Fund has now redeemed the same paying me Rs 6,368 and deducting tax at source of Rs 1,632. How is the income to be computed on this redemption? Chidambar ... More

    EXPORTS & IMPORTS


    Obligation for agri zones under EPCG set at 12 years
    UNITS in the Agri Export Zones (AEZ) of the country can now fulfil their export obligations under the Export Promotion Capital Goods (EPCG) scheme over a period of 12 years from the date of issuance of EPCG licence. "A period of 12 years has ... More

    TOURISM


    Thrust to promote India as `Mice' destination
    PROMOTING India as a major MICE (meetings, incentives, conventions and exhibitions) destination and promotion of popular Indian holiday resorts to Gulf tour operators are expected to give a boost to the Dubai-based Government of India Regional ... More

    ECONOMIC OFFENCES


    Ketan Parekh's money trail leads CBI to UK
    THE Central Bureau of Investigation (CBI) has traced a part of funds allegedly siphoned off by the stockbroker, Mr Ketan Parekh, from India to certain investments in London. According to CBI sources, the stockbroker, with the help of ... More
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  • Top Stories
    Jindal Strips `favoured' in race for Salem Steel Plant


    No plan to privatise coal sector, says Minister

    Hank yarn transfer premiums still hot

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Sep. 8-Sep. 14
    Cement majors flout jute order

    Why disinvestments must go on

    As China booms and preys, Hong Kong rues lost business

    Corporate tax collections up 45%

    Implications of 100 pc FDI in oil sector

    Industrial growth 6.4 pc in July — CSO data point to revival trend

    Productivity-linked reward scheme — Port, dock workers to press for flat 20 pc payment

    Textile, plantation sectors drag export growth — Modest growth in gem, jewellery, petro goods

    Insulin prices hiked; TB drugs to cost less


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