Financial Daily from THE HINDU group of publications
Wednesday, October 23, 2002
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INDUSTRY & ECONOMY

AWARDS & HONOURS


Humanitarian prize for NGO
BANGALORE: SOS Kinderdorf International has won the Conrad N. Hilton Humanitarian Prize 2002. The annual award of $1 million is given to a non-Governmental or charitable organisation with a record for alleviating human suffering in the ... More

Honour for HAL ex-Chairman
BANGALORE: Dr C.G. Krishnadas Nair, former Chairman of Hindustan Aeronautics Ltd and currently Chairman of the Society of Defence Technologists, has been honoured with the National Metallurgist Award. Dr Nair was selected by the Indian ... More

BUDGET


Finance Ministry finalises Budget team
THE Finance Minister, Mr Jaswant Singh's team for the 2003 Budget is in place with the reshuffle in the Finance Ministry carried out on Tuesday. The Government has decided to shift the Expenditure Secretary, Mr C.S. Rao to the Revenue ... More

ECONOMY


Industrial index up 4.9 pc in April-Aug
THE index for industrial production for the April-August period this year has registered an overall growth of 4.9 per cent, markedly higher than the 2.4 per cent growth achieved in the same period in 2001. According to an official press release ... More

Ways & means panel for States
THE Reserve Bank of India has set up an advisory committee on ways and means advances (WMA) for state governments. The committee will be headed by Mr C. Ramchandran, former Secretary (Expenditure), Government of India, as its Chariman, with Mr ... More

HEALTH


IBM, UK Govt in eScience initiative
BANGALORE: Oxford University has joined with IBM and the UK Government to build a sophisticated computing grid that will enable early screening and diagnosis of breast cancer, and provide medical professionals with more information to ... More

INFRASTRUCTURE


Pvt role mooted in raising funds for urban infrastructure growth
THE Union Urban Development Minister, Mr Anant Kumar, has stressed the need for developing a holistic and integrated growth model involving wider private participation to meet the Rs 17,000-crore fund shortage for urban infrastructure ... More

Kerala: Rs 18.75-cr scheme for fishermen
THE State Government has finalised a Rs 18.75-crore scheme for setting up drinking water and sanitation facilities in 15 fishermen villages spread over nine districts. An official spokesman said that the programme will be implemented in the ... More

SUGAR


`Rise in sugar prices alone can help industry' — Dr Palani G. Periasamy, President, South Indian Sugar Mills Association
AS the sugarcane season for 2002-03 commences, the southern industry is faced with several challenges as low prices, monsoon failure causing a drop in cane availability and affecting sugar recoveries. All these mean additional cash flow ... More

TAXATION


Maharashtra levies stiff entry tax on petroleum
The Government is likely to establish check-posts at entry points. The rules will prescribe requisite documentation such as application form, entry tax returns, challans etc. There is doubt over the applicability of entry tax on goods that are import ed into the State from outside the country. More

The cost of scandals
HOW much have the recent corporate scandals cost the US? $200 billion, according to the "No More Enrons" coalition, promoted by consumer groups and trade unions. The loss is in the form of lost investment savings, jobs, pension losses and tax ... More

SSI


Sivakasi cracker units cut down production
FIREWORKS manufacturers in Sivakasi in Tamil Nadu have cut their production by 25 per cent this year. This is to clear the unsold stocks of last year, according to the manufacturers. According to the Tamil Nadu Fireworks and Amorces ... More

EDUCATION


K.K. Modi arm, Apollo Int'l set up management varsity
AN investment arm of the K.K. Modi Group has entered into a 50:50 joint venture partnership with Apollo International Inc USA, to set up the Modi Apollo International Institute (MAII) the Capital. The university will offer Bachelors' and Masters' ... More

Literacy plan funds disbursal `poor'
THOUGH the Working Group of the Planning Commission has recommended substantial allocation for the Sarva Shiksha Abhiyan (SSA) scheme, which promises to educate every child in the country, non-governmental organisations (NGOs) say that the ... More

SCIENCE & TECHNOLOGY


ARCI tech for Singapore co
THE Advanced Research Centre for Powder Metallurgy (ARCI) here has successfully transferred technology to the Singapore-based Hyflux Group of companies. The innovative filtration technology will not only fetch Rs 16 lakh as technology transfer ... More

DISINVESTMENT


Lock-in favoured to curb transfer — Govt to alter sale pacts for Centaur, Chefair
IT seems to be a classic case of `once bitten twice shy'. Embarrassed by the resale of Centaur Airport hotel in Mumbai by Batra Hospitality Private Ltd to Sahara India group, the Government seems to have become wiser. Official sources told ... More

SCI may be delisted post-privatisation
Investors holding the shares of India's largest shipping line are nibbling at their fingernails in suspense. Should they bite the bait and sell their shares during the open offer? More

Uma Bharti hits out at Shourie
THE struggle within the ruling National Democratic Alliances (NDA) Government over the ongoing disinvestment exercise refuses to cool down with the Union Minister for Coal and Mines, Ms Uma Bharti, today accusing the Union Disinvestment Minister, ... More

FOREIGN DIRECT INVESTMENT


American body seeks action on FDI report
EVEN as the Centre takes its time to act upon the recommendations made in the recent foreign direct investment (FDI) report authored by the Planning Commission member, Mr N.K. Singh, the American Chamber of Commerce in India is hopeful that the ... More

EVENTS


Framework on anvil for global ayurveda drive
THE World Ayurveda Congress (WAC) 2002, to be held in Kochi, proposes to establish the framework for a transcontinental drive for promoting Indian systems of medicine, especially ayurveda, through recourse to information technology and ... More

NATURAL CALAMITIES


More taluks may get drought-hit tag in Karnataka
BANGALORE: Four more taluks may be listed as drought-hit in addition to the 154 that have already declared affected, according to Mr Mallikarjun Nagappa, Minister of State for Revenue. Two taluks each in Shimoga and Uttara Kannada ... More

ECONOMIC OFFENCES


Stamp paper racket busted
STAMPIT, Karnataka's special Stamp Paper Investigation Team probing a multi-crore stamps and stamp paper racket, has recovered fake papers worth Rs 170 crore during raids it conducted in Bangalore, Chennai and Hyderabad. They arrested 12 ... More
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Top Stories
Delay in sugar futures launch — FMC unlikely to cancel permission to companies


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Oct. 13-Oct. 19
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`Facilitation current mantra for DGFT'

Centre gets tough with States on power reforms — Funds, investments tied to APDRP compliance

ISRO to reach out to the moon

Good economics is best politics, says Naidu


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