Financial Daily from THE HINDU group of publications
Saturday, October 12, 2002
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INDUSTRY & ECONOMY

ANTI-DUMPING


Anti-dumping duty on acrylic fibre imports
The total imports of acrylic fibre into the country stood at 13,967 tonnes during 2000-01 mainly from South Korea, Thailand and the US . 4,195 tonnes of acrylic fibre was imported from the UK, Germany, Bulgaria and Brazil during 2000-01. More

AUTOMOBILES


Study to rate automakers based on dealer relations
CUSTOMER satisfaction is a necessity, but there is no money at least in car sales for automobile dealers, they say. So how about automobile dealers' satisfaction. After all, dealers too are customers and are key to the manufacturers' well being, ... More

COURTS/LEGAL ISSUES


Uniform norm for short-term credit
RBI has simplified the procedure for imports into India by stipulating uniform regulations and procedures for suppliers' credit and buyers' credit - the two categories of short-term credit. In suppliers' credit, the overseas supplier extends ... More

ECONOMY


Manufacturing lifts industrial output to 5.7 pc in August
SIGNALLING a recovery in the economy, the industrial sector has posted a growth of 4.9 per cent in the first five months of the current fiscal (April-August 2002) as against 2.4 per cent in the corresponding period last year. As per the quick ... More

FOREIGN TRADE


Taiwan keen to invest in India
TAIWAN is increasingly looking at India as a safe and secure investment destination and is encouraging its businessmen to explore and tap the vast potential of the Indian market, Mr Chii-Ming Yiin, Vice-Minister, Ministry of Economic Affairs and ... More

POWER


Coal companies' recovery of dues may be delayed — Most States yet to sign tripartite pacts
THE process of securitisation of ``admitted'' coal sales dues by the State-owned coal companies has failed to yield the desired results as most of the State Governments have not yet signed tripartite agreements for securitisation of such dues ... More

STEEL


Buy India Act plan for steel industry in limbo
THE Government's plan to legislate a Buy India Act aimed to support the domestic steel manufacturers in Government procurements continues to hang in limbo even a year after the proposal was first mooted by the Steel Ministry in October last ... More

Need to decide on pending issues relating to SDF
AT a time when several crucial issues relating to the Steel Development Fund (SDF) and the role of the Joint Plant Committee (JPC) remain to be sorted out by the Union Government, demands for winding up both SDF and JPC are being pressed before ... More

TAXATION


AP Govt plans to halve sales tax on gold
OUT of a target of Rs 7,219 crore for Central excise and Rs 1,917 crore for customs fixed for the current fiscal for Andhra Pradesh, Rs 2,966.55 crore towards excise and Rs 856.96 crore towards customs duty had been collected in the first half ... More

EDUCATION


Keltron ties up with NTTF
KERALA State Electronics Development Corporation (Keltron) has tied up with the Bangalore-based Nettoor Technical Training Foundation (NTTF) to offer professional post-diploma courses at the Keltron facility at nearby Karakulam. Mr G. ... More

CARS


Carmakers seek 50 pc excise duty cut
DOMESTIC passenger car manufacturers have pitched for a cut in excise duty rate from the existing 32 per cent to 16 per cent despite the recent surge in sales. The case for an excise duty cut in the next budget was made out by the Society of ... More

FOODS & FOOD PROCESSING


Veg puff with chicken smell
OH, there he was, my ancient uncle, at the door of GT bogie and I waved as hard as I could, for I was seeing him after donkey's years. He had too many bulky pieces in his baggage and I was sure he had a lot of goodies for me. "Unc, take a ... More

GEMS & JEWELLERY


Kerala: ST waiver on gold jewellery
THIRUVANANTHAPURAM: The State Government has notified necessary orders waiving sales tax on sales of gold jewellery through the duty-free shop set up by MMTC at the Thiruvananthapuram International Airport. An official spokesman said ... More

REAL ESTATE & CONSTRUCTION


Homing in on luxurious living
Stylish living gets a whole new meaning with condominiums that complement the lifestyles of the bold, the beautiful and the plain well-heeled. More

LEATHER


ACME to train leather industry personnel
THE Academy for Management Excellence (ACME) is collaborating with the Indian Leather Industry Foundation (ILIFO) to provide management training for leather industry personnel. According to an ACME press release, the collaboration will include ... More

INDUSTRY ASSOCIATIONS


A.C. Muthiah to be next FICCI President
AFTER withdrawing his candidature for the post of Federation of Indian Chambers of Commerce and Industry (FICCI) President two years ago, Dr A.C. Muthiah, Chairman of the Southern Petrochemical Industries Corporation Ltd (SPIC), is now back in ... More

CERAMICS


Capexil to study ceramics, pottery industry in UP
CAPEXIL, whose members account for annual exports of over Rs 15,000 crore, has decided to commission a comprehensive status study of the ceramics and pottery industry in Khurja, Uttar Pradesh. The objective of the proposed study, according to ... More

DISINVESTMENT


PSU open offers only at strategic buyer's bid price — Ministry moves SEBI for review of norms
Though the six-monthly average criteria is not a problem per se with the Disinvestment Ministry as the price bid invitation dates are not announced at the start of the process, it sees the new past two weeks' average criteria as holding seriou s portents for the disinvestment process. More

EVENTS


India Knit Fair concludes
COIMBATORE: The 15th India Knit Fair for the winter collection in Tirupur ended on Friday with the fair authorities reporting many a `first time' visitors from garment buying houses making to the fair this year. According to a release ... More

NATURAL CALAMITIES


Quake-hit Kutch attracts Rs 1,300-cr investment
GUJARAT has always been a paradox at the best of times vis-a-vis its sense of priorities when the crunch came on issues pertaining to business. Therefore, it should not surprise many that wooing industrial investment to the quake-ravaged Kutch ... More

ALTERNATIVE MEDICINES


Medicinal plants trade seen at Rs 5,500 crore
A STUDY by the Export-Import Bank of India has estimated the medicinal plants related trade at Rs 5,500 crore. The study has culminated in a book entitled `Exporting Indian healthcare'. According to the study, the global market for herbal ... More

ECONOMIC OFFENCES


Ex-CSE official, badla player interrogated
THE Kolkata police seem to be zeroing in on a former top executive of the Calcutta Stock Exchange (CSE) and a leading badla player in their latest round of investigation. Mr Soumen Mitra, Deputy Commissioner (Detective Department), told ... More
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Manufacturing lifts industrial output to 5.7 pc in August

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In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Sep. 29-Oct. 5
Govt to maintain reform momentum, says Jaswant

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Trust these women to disprove debt trap fears

Texprocil gearing for post-quota regime — Mr T. Kannan, Chairman

Sub-standard seafood units must go — MPEDA Chairman warns of suspension

Low FDI reflects investment trend: Experts

TV software cos mushroom; but is there space for all?

Naik hints at excise relief to cushion fuel price hike

Exports up 13.4% in April-August

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Korean tech to manage plastic pollution

Film financing: Are banks missing an opportunity?

Bid to rekindle interest in maths

Minister warns cement units against cost manipulation

Neighbourhood medicare model from Anyuta

2002 termed all-India drought year

Affordable insurance cover against cancer

Plan panel to take up draft document today — Jobs, asset creation for the weak on cards


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