Financial Daily from THE HINDU group of publications
Friday, October 25, 2002
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INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES


All that glitters is not gold
IF you are among those who believed in "e-gold" as an electronic currency freely permitted in India, a recent communiqué from the RBI clarifies that `e-gold' is violative of Indian rules. "An impression is sought to be created among the ... More

ECONOMY


`Political convergence needed to pass key economic Bills'
FOR Indian manufacturers, the Manufacturing Summit, 2002, was a time to dispel myths and put forward demands. The industry would, according to a 7-point agenda in the CII-McKinsey report unveiled on Wednesday here, have greater chances of revival ... More

World Bank prescriptions for Maharashtra
The Bank advocates a four-point agenda to strengthen the reform charter and enable its timely implementation. These include ensuring political and bureaucratic commitment to reform, monitoring reform progress, improving public services delivery and g overnance and focussing on core public services. More

`Fresh look at exchange rate, tariffs needed'
FOR a Government which is groping for ideas to reverse the slowdown in the economy, here is some cold comfort. Even the architect of the economic and financial reforms, Dr Manmohan Singh has thrown up his hands at finding answers to explain the ... More

ENVIRONMENT


Coir to replace wood for `clean growth'
COIR can contribute to promotion of clean energy and for development of cleaner and more efficient environment technologies as it can substitute wood, thereby preventing felling of tropical trees, experts said. The alarming decline in the ... More

SC to pronounce Kudremukh PIL ruling today
THE Supreme Court on Thursday said that it will pronounce its verdict on the public interest litigation against Kudremukh Iron Ore Company Ltd on Friday. The PIL against KIOCL initiated by non-Governmental organisations (NGOs) and environment ... More

FOREIGN TRADE


Indo-UK trade talks
NEW DELHI: The fifth meeting of the India-UK Round table is being held in Alwar, Rajasthan from Friday to discuss a broad range of issues pertaining to the promotion of trade between the two. The three-day meeting would focus on the ... More

HEALTH


Smoking out Big Tobacco
THE World Health Organisation (WHO) is blowing smoke when it says, as it did on October 14 in Geneva during talks on a global tobacco control treaty, that developing countries must increase taxes on tobacco products because "cheaper tobacco ... More

Improved bypass surgery
BANGALORE: Doctors at Bangalore's Wockhardt Hospital and Heart Institute have performed a heart bypass surgery which they claim has been done with minimum invasive endoscopic technique. According to the doctors, this method is so new ... More

INFRASTRUCTURE


  • Footpath development project in Bangalore

    POWER


    TNEB axes same day connection scheme
    THE "same day service connection" scheme introduced by the Tamil Nadu Electricity Board (TNEB) in October 1999 has been quietly put to rest. Introduced with much fanfare, the scheme took off to a good start, and was doing well until about four ... More

    Bangalore cos suffer erratic power supply
    OVER 75 per cent businesses in Bangalore face power disruption more than once a month, disclosed a survey by research firm Feedback Consulting, MAIT and Emerson Network. Over 60 per cent of companies had power problems at least once a day, ... More

    TEXTILES


    Hank yarn in-depth cost study proposed
    WILL the introduction of an investment subsidy for cone-dyeing facilities in handloom weaving centres be of help in addressing the contentious hank yarn obligation issue? Will such a subsidy be an effective alternative to levying a `fixed' fee on ... More

    WATER MANAGEMENT


    L&T gets advance for Tirupur water project
    AS part of the implementation of Rs 960-crore private sector water supply scheme for Tirupur, the special purpose vehicle (SPV) company, New Tirupur Area Development Corporation Ltd (NTADCL), has made its first payment of `mobilisation' advance ... More

    EDUCATION


  • Evaluation wing of Bangalore University to be computerised

    FOODS & FOOD PROCESSING


    National centre for HACCP certification on the cards
    THE State Government is setting up a National Centre for HACCP Certification (Hazard Analysis Critical Control Point) with the objective of developing a team of experts in the design, implementation, audit and certification of the food safety ... More

    DISINVESTMENT


    AMC plan for divestment shelved
    THE Government has decided to shelve the proposal to set up an asset management company (AMC) to transfer the residual shareholding in PSUs, where disinvestment has taken place already, according to senior officials. The proposal to form an AMC ... More

    ADR float: Nalco to file draft prospectus with SEC by Nov 15
    FOR the Disinvestment Ministry, it is business as usual on the controversial privatisation of aluminium major National Aluminium Company Ltd (Nalco) and a November 15 date has been set for filing a draft prospectus with the Securities and ... More

    HUMAN RESOURCES


    Will `poaching' stop with non-compete clauses?
    A HIGH-PERFORMING relationship manager in a private bank hops jobs and joins a competitor. And takes with him a sizeable chunk of business (a couple of corporate accounts as well as high net worth individuals that he was handling) to his new ... More

    LABOUR REFORMS


    AP launches pilot project against child labour
    A PILOT project has been taken up to eliminate child labour in Andhra Pradesh which has the dubious distinction of being ranked first in the practice of this social evil, Mr. N.M. Adyanthaya, Member of the ILO governing body representing workers' ... More

    EVENTS


    Governor stresses steps to maximise trade benefits
    RISKS of an open economy are well known and we must not miss the opportunities that the global system can offer, Dr C. Rangarajan, Governor, has said here. The Governor who was the chief guest at the launching of the "Make Trade Fair" campaign ... More

    INCOME TAX


    I-T Dept ropes in employers to ensure filing of returns
    THE Income-Tax Department has begun to send letters to companies, asking the managements to inform their employees of their obligations to file returns. The department has sent such letters to some 100 companies so far, and intends to send to ... More

    EXPORTS & IMPORTS


    ECGC meeting with exporters today
    COIMBATORE: Export Credit Guarantee Corporation is holding a meeting with the exporters here on Friday in which the corporation officials will explain the new credit risk policies and guarantees including the maturity export factoring ... More

    TOURISM


    `Open sky' policy may dampen tourism
    WHAT one arm of the Government proposes, the other disposes. This exercise in futility seems to be coming true again, with the Ministry of Tourism expressing unhappiness over the manner in which the Ministry of Civil Aviation (MoCA) plans to ... More

    STANDARDS & BENCHMARKS


    EU bans two more Azo dyes
    INDIAN exporters of textile and leather products to the European Union (EU) would have to make sure that their products are tested free from two more Azo-dyes - O-anisidine and 4-aminobenzene. The European Commission has added these two ... More

    ECONOMIC OFFENCES


    Cheating case against jute broking firm
    RAKHECHA Trading Co, a leading raw jute broking firm, has been chargesheeted by the Kolkata Police after four years of investigations for cheating a raw jute dealer during 1995-97. Mr Parashram Mundra, the raw jute dealer from Nadia district in ... More
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