Financial Daily from THE HINDU group of publications
Thursday, September 26, 2002
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INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES


Pictorial `Meghdoot' post card at 25 paise
INDIAN Post Office Rules, 1933, have been amended to plug in one more heading after the `competition post cards' category. The Ministry of Communications and Information Technology announcement speaks of `Meghdoot' post card priced at 25 paise. ... More

ECONOMY


PSUs on hit-list to boost revenues
THE deceleration in tax revenues has forced the Finance Ministry to target public sector undertakings for shoring up non-tax receipts in order to avert any possible slippage in fiscal deficit. The Ministry has, for a second year in a row, ... More

Promote small family norm, Pant tells States
THE issue of achieving population stabilisation at the earliest should be viewed as an essential prerequisite for reaching the various objectives of national development rather than as an isolated target in itself, the Planning Commission Deputy ... More

Ascon study upbeat on service sector
IN this period of gloom and doom there is some reason to cheer as far as the service sector goes. Or at least so it seems if one goes by latest survey released by the Associated Councils of the Confederation of Indian Industry (Ascon-CII) The ... More

ENVIRONMENT


Mashelkar panel for Euro-III norms by '05
THE Mashelkar Committee on National Auto Fuel Policy today recommended Euro-III emission norms by 2005 and Euro-IV norms by 2010 to reduce vehicular pollution. The implementation of this scheme would require an investment of close to Rs 55,000 ... More

PETROLEUM


Oil import bill rises by Rs 5,000 cr
THE crude oil import bill for the first six months of this fiscal stands at Rs 39,000 crore, up Rs 5,000 crore over the corresponding period last year, on the back of soaring global crude prices, Mr Ram Naik told presspersons today. Mr Naik ... More

Petro cos may spend Rs 20 cr each for ethanol petrol
THE public sector petro-marketing companies are estimated to spend around Rs 15-20 crore each to implement the Government's decision to sell only 5 per cent ethanol-blended petrol in nine States and four Union Territories from January 1, 2003. ... More

POWER


Wary of State guarantees... PFC putting in place new security package
ALARMED over the deteriorating quality of State Government guarantees, Central Government-owned Power Finance Corporation Ltd (PFC) is putting in place a new security package. Sources said that this security package involved tight asset cover ... More

Naidu voices concern at drought, power situation
With regard to the power crisis, Mr Naidu said that the problem was accentuated by crisis at Neyveli Lignite power project, which has resulted in shortage of about 11 MUs per day and has added to the State's woes. More

APTransco hints at load shedding
THE Transmission Corporation of Andhra Pradesh (APTransco) has stated that there is a shortfall in power supply in the State and it would become necessary to go in for load shedding. As against a daily demand for 145.5 MU, only 132 MU is ... More

TYRES


Criteria for DEPB credit — Tyre makers plead against Customs `harassment'
DOMESTIC tyre manufacturers apprehend that the Customs authorities may now apply the present market value (PMV) criteria for granting duty entitlement passbook (DEPB) credit on tyres exported by them. The Automotive Tyre Manufacturers' ... More

BREWERIES


No small beer
A joint venture between UB, S&N and Ravi Jain makes frenetic moves to grab volume and market share in the Indian beer market. It is geared to deliver unassailable advantage to UB and its Chairman Vijay Mallya's competitive value in the beer world. Will it keep their mugs brimming over? More

FOODS & FOOD PROCESSING


Bitter news for sweet lovers
SWEETS and chocolate manufacturers in Mumbai plan to increase prices following the 4.5 to 7 per cent octroi hike announced by the Brihanmumbai Municipal Corporation (BMC) recently. The hike is timed for `Dassera-Diwali' when the consumption of ... More

TEXTILE MACHINERY


Nod for import of used shuttleless looms likely
The formal clearance for the import of 10,000 projectile shuttleless looms under special import licence is expected any moment, according to reliable sources in the weaving industry. More

SCIENCE & TECHNOLOGY


New initiatives from national laboratories
THE three national laboratories under the Council of Scientific and Industrial Research (CSIR) — Indian Institute of Chemical Technology (IICT), National Geophysical Research Institute (NGRI) and Centre for Cellular and Molecular Biology ... More

DISINVESTMENT


BIFR nod for Jessop stake sale
INITIAL hiccups not withstanding, the ball has been set in motion for disinvestment of other sick public sector undertakings. The Board for Industrial and Financial Reconstruction (BIFR) has sanctioned the scheme for the induction of a strategic ... More

FOREIGN DIRECT INVESTMENT


`Security' curbs likely on FDI from neighbouring nations
According to informed sources, the stringent rules being put in place to largely bar FDI from the neighbouring countries, especially China, in view of the security risks involved, will apply equally on the State Governments which are now directly try ing to attract foreign capital. More

EVENTS


`STIC a boon for small-scale units'
KOCHI: The Sophisticated Test and Instrumentation Centre (STIC) is a boon for small-scale industries with its modern, sophisticated equipment to provide analysis, testing and calibration services, according to Mr S. Gunasegaran, General ... More

Lectures on transaction analysis
COIMBATORE: Jansons School of Business, Karumathampatti near here is holding a twin-special lecture programmes on `Dimensions of Transaction Analysis' (on September 27) and `Winning the Market' (on September 28) on its premises at ... More

  • Hyderabad Engagements

    EXPORTS & IMPORTS


    $20-m short-term import credit sans RBI okay
    THE Reserve Bank of India (RBI) has permitted banks to extend short-term credit of up to $ 20 million, for less than three years to importers without having to obtain its prior approval. The procedure has been amended with a view to simplify ... More

    TOURISM


    Action's all at home
    It pays to woo the domestic traveller, as airlines and luxury hotels realise in the wake of falling international tourist arrivals. More

    States spruce up
    It's not only the private tourist operators, even the various State tourism boards have also stepped up efforts to do more business this year. More

    CRZ norms hampering Karnataka tourism: Minister
    Mr Inamdar admitted that the disturbances over the Cauvery water-sharing between Karnataka and Tamil Nadu had affected the tourism industry, particularly in the Mandya-Mysore belt, which has the prime tourist attractions in the State. More

    Resorts gear up for tourist season
    Coconut Lagoon, one of the well-known resorts, has placed emphasis on eco-tourism introducing environment-friendly practices such as bio-gas and reverse osmosis plants, sewage treatment, butterfly garden, organic farming, mangroves and solar water he ating. More

    AP has big plans for World Tourism Day
    The Government was currently concentrating on promotion of rural tourism, education tourism, eco tourism and temple tourism and facilities were being created for tourists keeping these factors in view. More

    Kerala Govt targets Rs 500-cr investment in tourism
    THE State Government is aiming to attract investment of Rs 500 crore in the tourism sector over a period of the next five years, according to the Minister for Tourism, Prof K.V. Thomas. Last year alone saw investments of Rs 80 crore being ... More

    ECONOMIC OFFENCES


    Six CSE brokers in police custody
    THE Chief Metropolitan Magistrate (CMM) of Calcutta today remanded six stockbrokers to police custody till October 4. They were arrested on September 24 by the Detective Department of Calcutta Police. Following a complaint filed by the Calcutta ... More
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    Top Stories
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    H1 gold demand dips due to price rise, says survey

    CACP moots Rs 200/t hike in paddy MSP — Rs 7,000-cr drought package

    Ascon study upbeat on service sector

    `Security' curbs likely on FDI from neighbouring nations

    Another blow to body politic

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Sep. 15-Sep. 21
    Jindal Strips `favoured' in race for Salem Steel Plant

    Hank yarn transfer premiums still hot

    No plan to privatise coal sector, says Minister

    `India not geared for export industries' Mr M. Arunachalam, Chairman, Indian Chamber of Commerce, Hong Kong

    `Nasscom going all-out to crack down on piracy'

    SEZs need sops for viability, says IDBI report

    Dhindsa against sell-off in profit-making PSUs

    Foodgrain exports set to cross 15-mt mark

    `Task force report on chem sector will be implemented'

    Golden Quadrilateral Phase-I to be completed next year

    Cement, steel power core sector growth in April-Aug

    How China is racing ahead in industry

    A knee-jerk reaction, says CII chief


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