Financial Daily from THE HINDU group of publications
Thursday, October 10, 2002
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INDUSTRY & ECONOMY

ELECTRONICS


Keltron loan for electronic goods
THIRUVANANTHAPURAM: Kerala State Electronics Development Corporation (Keltron) is coming up with a loan scheme for State Government employees for the purchase of consumer electronic goods of any make. This is in line with the company's ... More

FERTILISERS


GoM moots phased decontrol of urea supply
THE Government's subsidy burden on indigenous fertilisers aggregating Rs 6,500 crore for the current fiscal, may ease considerably next year, going by the recommendations of the Group of Ministers (GoM) on the long-term fertiliser policy. The ... More

FOREIGN TRADE


Libya keen to strengthen trade ties with India
INDIA and Libya have expressed the desire to enhance bilateral commercial and industrial cooperation given that the present level of trade between the two is below the potential. Addressing the eighth session of the Indo-Libyan Joint ... More

POWER


Kerala govt okays power tariff hike
THE State Government has endorsed almost all proposals made by the empowered body of the ruling United Democratic Front (UDF) revising upwards electricity charges by 25 paise and its multiples for those who consume between 40 units and 120 units ... More

Chamber decries Kerala Govt move on power tariff hike
THE Indian Chamber of Commerce and Industry has demanded the Government to reconsider the decision to enhance power tariff in the interest of the economic development of the State. The Chamber President, Mr Bharat N. Khona, said in a statement ... More

Power tariff hike: Retrograde step, says CII
THE Confederation of Indian Industry has urged the State Government to reconsider the recommendations of the UDF committee to enhance power tariff for industrial consumers, saying that any hike in tariff will make the industry non-competitive and ... More

STEEL


Indian Steel Alliance to hire top US law firm
IF all goes well, the former US Deputy Trade Representative during the Clinton era, Ms Susan G. Esserman, may soon emerge as the saviour for the Indian steel industry in the international market. The Indian steel industry is in the process of ... More

TEXTILES


NTC favours open tender for land sale
The NTC management might notify its open tender announcement shortly with a reserve price quote for each piece of land to be offered for sale. More

SSI


CII plans to invite Saudi SSI team
EVEN as an Indian small-scale industry mission is firming up business deals in Saudi Arabia, moves are afoot to invite a SSI delegation from that country to further enhance bilateral trade relations. The purpose of inviting a Saudi delegation ... More

Tech resource centre for SSIs
A TECHNOLOGY Resource Centre (TRC) to support tiny and small and medium enterprises (SMEs) has been set up at the Small Industries Services Institute (SISI), here. SISI has started sourcing technology data from national laboratories under the ... More

WATER MANAGEMENT


`Give subsidy for water harvesting'
BANGALORE: To make water harvesting an easy proposition, financial incentives similar to power subsidy for solar power users should be made available to popularise the experiment in urban areas, according to the Minister for Municipal ... More

EDUCATION


Good learning system vital to end poverty, says IBRD
A new World Bank report released on the eve of a global education summit cited numerous instances of countries such as Chile, Finland, Mauritius, Vietnam and Lithuania, which have prospered because of their robust commitment to a process of continuou s education. More

REAL ESTATE & CONSTRUCTION


Singapore offers expertise on `township living'
INDIAN construction business comprising industrial, residential and commercial segments is worth over $63 billion and in the past three years the country has become one of Singapore's top five destinations for the export of construction services, ... More

METALS


Ferro alloy units await cheap power to resume
AFTER more than six months of shutdown, the Andhra Pradesh ferro alloys industry is ready to resume operations following the recent announcement by the State Government that the industry will be provided power at a special tariff of Rs 2.12 per ... More

RESORTS & AMUSEMENT PARKS


Sibar group land lease extended by 3 years
The Congress suffered a reverse in the council when its motion for non-renewal of the lease and taking possession of the land, was rejected by the majority of corporators belonging to Telugu Desam, CPI, CPM and BJP, and an amendment proposed by the Opposition was accepted. More

CINEMA


Karnataka theatres dump Tamil films
THE Karnataka Film Chamber of Commerce has taken the decision to stop screening of Tamil films in Karnataka to protest against the Tamil film industry representatives' proposed agitation at Neyveli on October 12 to demand stoppage of power to ... More

DISINVESTMENT


Smaller PSUs being lined up for divestment
The Ministry will soon approach the Core Group on Disinvestment with proposals to privatise Hindustan Shipyard, Cochin Shipyard, Central Inland Water Transport Corporation and Ircon. More

Naik may discuss divestment issue with George again
THE Petroleum Minister, Mr Ram Naik, is planning to hold parleys with the NDA Convener and Defence Minister, Mr George Fernandes, shortly, sparking off speculation on the next move of the duo. They, along with another senior Cabinet colleague, Mr ... More

EVENTS


Garments fair in Tirupur
THE Mumbai-based Clothing Manufacturers Association of India (CMAI) is likely to sponsor an exclusive knitwear fair for the domestic market early next year in Tirupur. The CMAI is planning the `Knitwear Extravaganza' in Tirupur in February ... More

ECONOMIC OFFENCES


IndusInd Bank official deposes in CSE case
AN IndusInd Bank official deposed before the Kolkata police on Wednesday for the first time, marking a new chapter in the ongoing investigation into the affairs of the Calcutta Stock Exchange (CSE). The police have also tried to bring CSE (the ... More
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