Financial Daily from THE HINDU group of publications
Friday, September 20, 2002
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INDUSTRY & ECONOMY

EMPLOYMENT


Grass looks greener in land of kiwis
Though IT jobs continues to be the major draw, more Indians are migrating to New Zealand is to start their own businesses. More

  • Loan for Lions Cllub

    CHEMICALS


  • `Chem complexes to go on stream soon'

    COURTS/LEGAL ISSUES


    Stay order saves cows, for now
    A STAY order reportedly obtained by some animal rights activities from a court has earned a last-minute reprieve for 88 imported cattle that were to be "put to sleep" at the quarantine station here. According to reliable sources, these 88 cows ... More

    ECONOMY


    Bengal cuts bonus payments by 50 pc
    THE cash-strapped West Bengal Government has announced a 50 per cent cut in bonus payments to its employees and teachers in State-aided schools, Dr Asim Dasgupta, State Finance Minister, has announced. Addressing a press conference at the ... More

    Suicide rate on the rise
    THE number of suicides in Kerala has crossed one lakh in about 11 years and the trend is witnessing an increase in the number of people resorting to this extreme step. Not a day passes without a report of a suicide death in the State. And many ... More

    EXCISE AND CUSTOMS


    Govt offers relief to excise duty payers
    FROM October 1 this year, the Government will bring into force a new system of issuing registration certificates to central excise duty payers on the spot. The registration certificate will bear a 15-digit PAN-based registration number. This ... More

    INFRASTRUCTURE


    Golden Quadrilateral Phase-I to be completed next year
    Once completed, the GQ project would cut down travel time by 20-25 per cent. The likely financial benefits to the economy, as per the World Bank estimate, mainly on account of lower fuel costs, is said to be around Rs 8,000 crore per annum. More

    Mahindra City launch soon
    MAHINDRA Industrial Park Ltd's integrated township, set up in Chennai, is expected to bring in an investment of $1.5 billion in the first five years. Mahindra City, the integrated township with business parks, IT city, housing, retail and ... More

    POWER


    Almatti power project contract — TAC clarification puts more pressure on pvt insurers
    THE bid rankings for the insurance contract of the 290-MW Almatti hydel power project is likely to change following the clarifications given by the Tariff Advisory Committee (TAC). TAC is the tariff-fixing arm of the Insurance Regulatory and ... More

    `Centre keen on starting Dabhol Phase I'
    THE Maharashtra State Electricity Board (MSEB), the State Government and IDBI should submit a joint tariff petition to the Maharashtra Electricity Regulatory Commission (MERC) for power purchase from the Dabhol power project, said Mr R.V. Shahi, ... More

    TAXATION


  • Service tax in force

    TRAVEL & PLACES


    `Kochi can be major convention city'
    THE Travel Agents Association of India (TAAI) is planning to highlight Kochi as a major `convention destination' in view of the existence of major hotels in the city, Mr Jehangir N. Katgara, President of the Association, has said. Kochi has the ... More

    WATER MANAGEMENT


    AP Govt urged to expedite Krishna water project
    THE State Government should act quickly to finalise the tenders, provide guarantees and allow for the execution of the Rs 875-crore project to bring Krishna river waters to the twin cities of Hyderabad and Secunderabad. Expediting the project ... More

    Madurai farmers face water crunch
    THE farmers of Madurai district are likely to forgo cultivation yet again, as the combined water storage in the Vaigai-Periayar irrigation system is still at low level. According to PWD sources, water from Vaigai dam could not be released for ... More

    CREDIT POLICY


    Credit policy on Oct 29
    THE Reserve Bank of India will announce its mid-term review of the monetary and credit policy on October 29, the RBI said today. While a section of the market is expecting reduction in interest rates, there are others who bet on the central ... More

    EDUCATION


    New syllabus for IIT entrance exam next year
    THE Ministry of Human Resource Development is planning to review the syllabus for the joint entrance examination for the IIT entrance examination to be held in April next year. A Ministry official told Business Line that the new ... More

    MEDICAL INSTITUTIONS & HOSPITALS


    More facilities at AIDS centre in Chennai hospital
    THE YR Gaitonde Centre for AIDS Research and Education (YRG CARE) has extended its health centre at the Voluntary Health Services (VHS) hospital to include an additional intensive care unit, learning resource unit, training and research data ... More

    Wage rates for hospital staff fixed
    HYDERABAD: The minimum wages for employees in hospitals, nursing homes and clinics have been fixed in the range of Rs 1,663-Rs 3,413. According to a State Government order, applicable in other than Government hospital and ... More

    INDUSTRY ASSOCIATIONS


    ITPO in pact with Madurai industry body
    A MEMORANDUM of Understanding was signed between India Trade Promotion Organisation (ITPO) represented by its Executive Director, Mr Ranjan Chatterjee, and the Madurai District Tiny And Small Scale Industries Association (MADITSSIA) represented ... More

    DISINVESTMENT


    `IPO preferable over strategic sale of Nalco'
    THE Swadeshi Jagran Manch (SJM) has said that it does not propose or support strategic sale of Nalco as the first option. "We prefer public offer of shares over strategic sale," its convenor, Mr S. Gurumurthy, has said in a statement seeking ... More

    Karnataka sets up new Disinvestment Dept
    KARNATAKA, which plans to disinvest in or wind up 38 of its PSUs, has gone a step ahead and created a separate portfolio under a Cabinet Minister and a department to speed up the exercise. It has renamed the nodal Karnataka State Bureau of ... More

    WTO


    `Counter-NTBs a must for trade survival'
    INDIA should seek to mount competing non-tariff barriers (NTBs) to meet the threat from developed countries and thus ensure a level playing field for itself in the international trade arena. Delivering his Presidential speech during a one-day ... More

    IPR


    `Respect to IPR crucial for pharma pacts with Germany'
    NON-COMPLIANCE with IPR issues was one of the main reasons why German companies did not want to collaborate with India in the past, Dr Lukas von Hippel, who was representing Degussa Fine Chemicals and BASF at India-Chem 2002, said here ... More

    EVENTS


    Indiatech fair to be held in Melbourne
    THE Engineering Export Promotion Council (EEPC), after successfully organising its exclusive `Indiatech' fairs (Indian engineering exhibitions overseas) in Kenya, Nigeria, Sri Lanka, Egypt, Venezuela and the UK (Birmingham), has now selected ... More

  • Conference to focus on impact of climate change
  • Hyderabad Engagements

    EXPORTS & IMPORTS


    DFGT promises bigger role for States in exports
    THE office of the Director-General of Foreign Trade (DGFT) has launched a drive for drawing up State-wise export data, which would help in the process of apportioning funds under the scheme of Assistance to States for Infrastructure and ... More

  • Chamber protests DGFT office relocation

    NATURAL CALAMITIES


    Drought situation in AP grim, says Naidu
    DESPITE good spell of rains during August, the drought situation in Andhra Pradesh appears `grim' and concerted efforts are needed to tackle its fallout, the Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, has said. The average rainfall ... More

    TRENDS


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    Top Stories
    Net calls to US cheaper than to nearby nations — Rates depend on connectivity, teledensity


    TN Govt eyeing BPO segment — Sets up task force to tap market

    Global operations to drive Asian Paints' sales

    Private banks can have 49 pc FDI + 49 pc FII

    Finance Ministry prunes sugar buffer stock size

    Golden Quadrilateral Phase-I to be completed next year

    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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