Financial Daily from THE HINDU group of publications
Friday, September 27, 2002
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INDUSTRY & ECONOMY

ECONOMY


NCAER scales down growth rate to 4.8%
CLOSE on the heels of a downward revision in India's economic growth rate to five per cent by the IMF for the current fiscal, the National Council of Applied Economic Research (NCAER) said that the overall GDP growth is projected at 4.8 per cent, ... More

Antony worried over tardy Plan progress
THE annual Plan implementation in Kerala could be carried forward only through rigid austerity measures and higher realisation of tax revenues, according to the Chief Minister, Mr A.K. Antony. Speaking to newspersons after a Cabinet meeting, he ... More

ENVIRONMENT


SC warning on eco pollution — Karnataka Govt begins inventory of rock ads
KARNATAKA, which has also been warned by the Supreme Court over commercial advertisements defacing rocks, has begun taking an inventory of all licensed and other advertisements across the State. The Karnataka State Pollution Control Board has ... More

Chennai Port restrained from stocking coal
In its order, Bench said that the Port Trust was `found to be the culprit' of depositing coal dust in the entire High Court complex. More

FOREIGN TRADE


Afghanistan lures Indian industry with new sops
AFGHANISTAN has urged the Indian industry to take advantage of the new investment legislation enacted by the Transitional Islamic State of Afghanistan. "The new legislation allows 100 per cent foreign direct investment in many areas, besides ... More

Roadmap for India, Czech trade ties
A ROADMAP for revitalising economic co-operation between India and the Czech Republic has been formulated. Sectors identified for focussed action include automotive industry, heavy industry, heavy electricals, machine tools, infrastructure ... More

INFRASTRUCTURE


Kolkata civic body to go for term loan
IN a bid to part-finance its major projects of water supply and sewerage development in Kolkata and its peripheral areas, the Kolkata Municipal Corporation is planning to raise low-cost, long-term funds (term loans) from the market to the tune of ... More

PETROLEUM


BPCL to submit new marketing plan to Govt
BHARAT Petroleum Corporation Ltd (BPCL) plans to submit a new marketing plan for setting up retail outlets across the country. The company would seek permission to appoint dealers on its own for over 150 sites. This follows the controversy ... More

POWER


Power reforms panel may not meet deadline
THE Deepak Parekh Committee is unlikely to complete its assigned task by November 30. It was set up to review the Accelerated Power Development and Reforms Programme (APDRP), develop State-specific reform programmes and examine means of capital ... More

BHEL project inaugurated
KOLKATA: A 21 MW gas-based thermal power project installed in Tripura by Bharat Heavy Electricals Ltd has been formally inaugurated by the State Chief Minister. The plant located in Rokhia, 30 km from Agartala, is in continuous ... More

WATER MANAGEMENT


Curbs on borewells in Bangalore proposed
DIGGING of borewells will not be easy for the residents of Bangalore if the Department of Mines and Geology has its way. According to Mr M. Subramany, Additional-Director of the Department, a representation had been made to the State Government ... More

RADIO/TV


WorldSpace to launch two new receiver models
The new sets, AMI and Joyear, each priced above Rs 8,000, should be in the market in the next two and six months, respectively. AMI receivers are being brought in as CKD sets and will be put together by a Pune manufacturer, according to Mr M. Sebasti an. More

Disney's kids channel nixed
WALT Disney's plan of launching 24-hour children's channel in India - The Disney Channel (TDC) - has come a cropper. This comes almost a year after the company moved the Foreign Investment Promotion Board (FIPB) in October 2001. Though an ... More

EDUCATION


Karnataka: `Semesters' in more polytechnics
BANGALORE: The semester system introduced in the eight polytechnic colleges on a trial basis has drawn a good response and this will be extended to all the polytechnics from the next academic year, according to Mr Channakeshava Kalmadi, ... More

PAPER, BOARD & NEWSPRINT


Rise in newsprint price likely from October
An INMA source said all member-mills would not revise prices on the same day. The timing and quantum of increase would depend on individual mills so that the revision of prices was easily absorbed by the market. More

KNITWEAR & HOSIERY


Tirupur garment exporters plan warehouse in Europe
IN anticipation of the changing contours of textile/garment trade beyond 2004, Tirupur knitwear exporters are attempting to try out warehouse stocking in Europe that could facilitate stocking of knitted garments shipped from Tirupur and ... More

Short film on knitwear industry
COIMBATORE: India Knit Fair Association (IKFA), the special forum sponsored by the industry/textile ministry to conduct the annual international knitwear exhibitions in Tirupur, has for the first time come out with a short film on Tirupur ... More

MINERALS


Mining meet to focus on tactics to spur growth
THE three-day international conference on `Mineral industry — issues on economics, environment and technology (MEET 2002)' began here on Thursday. The meet would focus on finding out ways and means for ensuring a constant growth of mineral ... More

DISINVESTMENT


Finer details of SCI sell-off discussed
THE Government on Thursday moved a step closer towards freezing the transaction documents for the strategic sale of 51 per cent stake in Shipping Corporation of India (SCI) with the inter-ministerial group on disinvestment discussing several ... More

BIFR restrained in Jessop case
THE disinvestment aspect of the Jessop & Co Ltd (JCL) case took an interesting turn today in the Calcutta High Court. Mr Justice K.J. Sengupta, in spite of the final order of the Board for Industrial & Financial Reconstruction (BIFR) extended the ... More

FOREIGN DIRECT INVESTMENT


Cabinet panel okays MSP for kharif crops — First FDI in realty gets nod
THE Cabinet Committee on Economic Affairs today approved the minimum support prices for kharif crops for the 2002-03 season. It also approved the first foreign direct investment proposal in the real estate business. The MSPs of paddy, kharif ... More

EVENTS


  • Kochi Engagements

    TOURISM


    Award for MTDC
    MUMBAI: Maharashtra Tourism Development Corporation (MTDC) has won the Allan Currimbhoy Trophy for poster exhibition, calendars and other publicity material at the 51st Travel Agents Association of India held at Kochi recently. The ... More
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    Top Stories
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    NCAER scales down growth rate to 4.8%

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

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    `Task force report on chem sector will be implemented'

    Golden Quadrilateral Phase-I to be completed next year

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    How China is racing ahead in industry

    A knee-jerk reaction, says CII chief


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