Financial Daily from THE HINDU group of publications
Tuesday, October 01, 2002
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Financial Daily from THE HINDU group of publications Tuesday, October 01, 2002 |
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INDUSTRY & ECONOMY COURTS/LEGAL ISSUES Easy excise method for petro pipelines THE Central Board of Excise and Customs (CBEC) has eased the excise procedure relating to movement of petroleum products through pipelines. The present procedure of "accountal" requires that consignment-wise information be provided (in ARE-3 ... More
Court upholds TN's order on textile workers' wage dispute ECONOMY 
All-round growth lifts GDP by 6 pc in Q1THE country's gross domestic product (GDP) has gone up by six per cent during the first quarter of the current fiscal, marking an improvement over the 3.5 per cent growth registered during the same period last year. According to the Central ... More
Non-food credit triples in first five months
Revenue inflow trims fiscal deficit figure ENVIRONMENT AP Transport Dept nod for pollution testing centres IN its efforts to curb growing air pollution in the State, especially in Hyderabad and Secunderabad, the State Transport Department has decided to allow private entrepreneurs to establish pollution testing stations. As the present ... More HEALTH Global Hospitals to start liver ICU GLOBAL Hospitals has announced that it would be shortly opening a 14-bed liver intensive care unit (LICU), claimed to be the first such dedicated facility in the country. While the facility would be inaugurated on October 2, the hospital ... More
Wockhardt launches new cancer drug
Awareness drive on heart diseases
Heart care for lower income groups PETROLEUM 
Petrol, diesel to turn dearerCONSUMERS will have to fork out on an average an additional 25 paise on every litre of petrol and diesel from midnight tonight. This follows the announcement made by the public sector oil marketing companies today about a marginal increase in ... More TAXATION Duty liability in joint ventures — Advance rulings facility for foreign investors FOREIGN investors setting up joint ventures in India can from now on have a clear indication of their indirect tax liability in advance. The Authority for Advance Rulings, Customs and Central Excise, set up to provide binding rulings on vital ... More TEXTILES Excise reliefs sought for textile sector THE Government should either halve or forego the excise duty earned from the textile sector, according to Mr T. Kannan, the outgoing Chairman of the Cotton Textiles Export Promotion Council (Texprocil). Though it had lost out to the knowledge ... More
Input costs stump textile mills in East SSI Asia-Pacific tech transfer centre offers online service THE Asia and Pacific Centre for Transfer of Technology (APCTT), an arm of the Economic & Social Commission for Asia-Pacific, has put in place a total online support system. Some time ago, the organisation graduated from being a matchmaker ... More WATER MANAGEMENT `Speed' to help clear files faster A MEETING of officials of the State Department for Water Resources presided by the Minister-in-charge, Mr T.M. Jacob, has formalised a `Speed' programme tailor-made to clear pending files in the department. An official spokesman quoted the ... More
`Groundwater hit by bad practices' RADIO/TV TV software cos mushroom; but is there space for all? THEY are all eyeing the Rs 1,800-crore television software business. Recently Mukta Arts announced the setting up of its independent TV software division. Ajay Devgan-Kajol promoted Devgan Entertainment also entered the business and Boney ... More EDUCATION Gulbarga division lagging in literacy BANGALORE: While the average literacy level in the State is 67.05 per cent, the Gulbarga Division has the lowest percentage at 55.05. The division comprising Bidar,Gulbarga, Raichur, Koppal and Bellary has some of the large ... More FOODS & FOOD PROCESSING TTD installs solar cooking system FROM next month, Tirumala Tirupati Devasthanams (TTDs) will be using the world's largest solar cooking system for providing free meals to the devotees of Lord Venkateshwara under its "Nitya Annadanam" scheme. Gadhia Solar Energy Systems Pvt Ltd ... More REAL ESTATE & CONSTRUCTION TN: Samadhan scheme to expedite disputed property registrations Under the scheme, the party concerned will have to pay 60 per cent of the difference of the duty paid and the stamp duty payable on the value of the property. More INDUSTRY ASSOCIATIONS CII team to visit Stockholm, Copenhagen ON the eve of the third India-EU summit, the President of the Confederation of Indian Industry (CII), Mr Ashok Soota, is leading a business leaders' delegation to Stockholm and Copenhagen from October 6 to 8. In a statement, the chamber said ... More
Chinniyan elected Sisspa President KNITWEAR & HOSIERY Tirupur business worried over recurring violence THE recurrence of violent incidents in Tirupur has again led to a demand for the shifting of the office of Coimbatore rural district SP from here to the hosiery town Tirupur. The incidents have also raised concerns about their impact on the ... More GRANITE & MARBLE Ease quarrying regulations: Granite industry THE granite industry has sought permission for quarrying in forest areas which are barren and where there are stone deposits. There are very good quality of black granites in Kollegal and Chamrajanagar and very good multicolour granites in ... More DISINVESTMENT FACT prepares action plan for divestment FERTILIZERS and Chemicals Travancore Ltd (FACT) has an action plan for disinvestment. According to Mr P.R. Balasubramanium, CMD, the Ministry of Disinvestment has already appointed a legal advisor who is preparing a Preliminary Information ... More FOREIGN DIRECT INVESTMENT Low FDI reflects investment trend: Experts POOR inflow of foreign direct investment (FDI) is a part of the larger problem of low investments in the country as a whole and should not be viewed in isolation. This was the view expressed by various speakers at a seminar on `Foreign direct ... More LABOUR REFORMS Fund for retrenched workers mooted BANGALORE: Karnataka has suggested the creation of an exclusive fund for payment of compensation to retrenched workers. The suggestion was made at the recent Indian Labour Conference held in Delhi to discuss the recommendations of the ... More EVENTS `Service sector should give inputs for export strategy' THE service sector in India should provide specific inputs to the Commerce Ministry to enable formulation of a medium-term export strategy for the sector, according to Mr H.A.C. Prasad, Economic Adviser, Ministry of Commerce and ... More
IT majors to take part in Keltron event
Consumer product expo proves a hit
Workshop on textile ties with Italy EXPORTS & IMPORTS 
Indo-German trade may cross 5-b euro markINDO-German trade is expected to cross the five-billion euro mark by the end of 2002, Mr Juergen Schubert, President of Indo-German Chamber of Commerce (IGCC), said today. He said Indo-German trade has increased by 5.7 per cent in 2001 and rose ... More
Germany's exports to India picking up TOURISM IBP ties up with APTDC; to upgrade `tourist' outlets IBP Ltd, the petroleum major, is in parleys with several State Governments — Uttar Pradesh, Punjab and Rajasthan — to leverage the potential of the tourism sector by upgrading its retail outlets located on the Golden Quadrangle and ... More STANDARDS & BENCHMARKS Sub-standard seafood units must go — MPEDA Chairman warns of suspension SEAFOOD processing units that do not upgrade themselves to at least `national standards' will not be allowed to continue production, Mr K. Jose Cyriac, Chairman, Marine Products Export Development Authority (MPEDA), has said. There are currently ... More ECONOMIC OFFENCES Excise raid on grey market BANGALORE'S thriving grey market at Burma Bazaar, near the City Railway Station, wore a deserted look as most of the shopkeepers downed shutters in protest against an excise raid. Excise officials raided close to 500 shops in the market that ... More
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Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Sep. 22-Sep. 28 NCAER concern over cost of high forex reserves Govt to hive off maritime institute before SCI sale `Infrastructure: In China, the government is venture capitalist' — Mr B. Sridhar, Director, Bengal Tiger Line Higher offtake raises Q1 exports 10 pc Impact of Asian brown haze `exaggerated' `Software exports to US growing at 25 pc' Creating `bullet-proof' managers for corporate world The Garden City is stressed out IISc ties up to launch Web library Post-IPR, drug prices set to rise: Report NCAER scales down growth rate to 4.8% Rise in newsprint price likely from October Ascon study upbeat on service sector `Security' curbs likely on FDI from neighbouring nations State Govts not for using small savings to retire high-cost debt |
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