Financial Daily from THE HINDU group of publications
Tuesday, October 29, 2002
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INDUSTRY & ECONOMY

ECONOMY


With a house split on reforms — PM in for a rough ride at Plan meet
WITH differences in the pace and pattern of second generation of economic reforms surfacing sharply within the Government on disinvestment and removal of sectoral cap on foreign direct investment, the special meeting of the Union Cabinet on ... More

`NRKs can help raise C-D ratio'
GETTING the non-resident Keralites (NRKs) to meaningfully invest their sizeable deposits with the banks home can help raise the State's credit-deposit (C-D) ratio, a vexatious issue that has seen successive Governments and nationalised banks ... More

State reforms high on finance panel's mandate
BOLD reform measures may no longer be a voluntary option, but a mandatory requirement that State governments will have to comply with in the near future. For the first time, `efficiency factors' including hike in user charges of public utilities ... More

HEALTH


Accord infrastructure status to healthcare: McKinsey
EVEN as the main metros see a proliferation of healthcare delivery institutions, smaller metros are not on this radar. To set right this anomaly, McKinsey has prescribed that healthcare be accorded priority and infrastructure status so that funds ... More

Govt must regulate kidney donation: IMA
THE Kerala branch of the Indian Medical Association (IMA) has urged the State Government to create an enabling environment for encouraging kidney donation and promoting transplantation from cadavers as well as from clinically dead patients. It ... More

PHARMACEUTICALS


AP: Rs 10-cr fund for R&D in pharma sector on anvil
THE Andhra Pradesh Government has decided to create a corpus fund of Rs 10 crore for promoting research and development in the bulk drug and pharmaceuticals sector. Announcing this, the State Minister for Major Industries, Mr K. Vidyadher Rao, ... More

APIIC to invite bids for Pharma City
AFTER the successful road shows organised by the Andhra Pradesh Government to drum up interest from infrastructure developers in Singapore and London recently in developing the ambitious Pharma City project near Visakhapatnam, AP Industrial ... More

Life-saving drugs: Out of tax net?
THE Union Health Minister, Mr Shatrughan Sinha, said that the Ministry would ask the Union Finance Ministry to keep life-saving drugs and equipment out of the tax net in the forthcoming budget. Defining `life-saving', he said that it would not be ... More

POWER


SEBs, Coal India differ over new fuel supply pacts
SERIOUS differences has cropped up between Coal India Ltd and the State electricity boards (SEBs) with the utilities declining to sign on the dotted lines of the new fuel supply agreement (FSA) formulated by CIL. The problem has cropped on ... More

TAXATION


To plug tax evasion: Checkposts being computerised in Karnataka
THE Commercial Taxes Department (CTD) has stepped up its initiative to connect 30 important checkposts across Karnataka at a cost of Rs 1.28 crore in its bid to gear up for the value-added tax regime. In an ongoing pursuit of e-governance, the ... More

TEXTILES


Further liberalisation in textiles if we get more access: Rana
INDIA today said that it was willing to look at the possibility of further trade liberalisation in textiles if such steps could lead to meaningful and effective additional access for its products in other countries. Inaugurating the annual ... More

NTC workers in TN units go on strike
WORKERS numbering over 4,000 employed in eight textile mills belonging to the National Textile Corporation in Tamil Nadu today struck work protesting against the management's decision to pay bonus only as per the Bonus Act. According to NTC ... More

SSI


Small-scale sector flays TNEB tariff plan
THE Tamil Nadu Small and Tiny Industries Association (TANSTIA) has asked the Tamil Nadu State Electricity Regulatory Commission not to approve any increase in the power tariff to the industrial sector. In its objections to the tariff revision ... More

RADIO/TV


DD bid to connect to grassroots
IN a bid to take television to the grassroots, Doordarshan will commence narrowcasting or broadcast of locally relevant programmes from Tuesday. The service will first commence in Palakkad in Kerala and Amalapuram in Andhra Pradesh and nine ... More

EDUCATION


AP HC ruling on medical college intake
THE Andhra Pradesh High Court has ruled in favour of Prathima Educational Society, which had in a writ petition challenged the stand of the Medical Council of India and the Secretary of the Union Ministry of Health regarding intake of students ... More

Kalam sets young dreams soaring
SARASWATI of standard IX and her junior, Manjula from the Government Junior College, Harohalli, will probably never forget the moment when the President came down from the dais and stopped first by them, treating them to the joys of e-learning. ... More

INDUSTRY ASSOCIATIONS


Chambers hail decisions on UTI, SEBI
INDIA Inc has hailed the Cabinet decisions to bring in Ordinances for repealing the UTI Act and amending the Securities and Exchange Board of India (SEBI) Act, 1992 In a statement, the Federation of Indian Chambers of Commerce and Industry ... More

DISINVESTMENT


Power shortages trip State divestment plans
POWER shortages have upset the State Governments' attempt to divest from their respective public sector undertakings and adversely impacted fiscal correction efforts. Sources said that the power deficit had completely upset the valuation of ... More

Centaur deal: MP demands CBI probe
A MEMBER of Parliament representing one of the key constituents of the National Democratic Alliance (NDA) has sought a CBI enquiry into the sale of Hotel Centaur Mumbai to Batra Hospitality Pvt Ltd for Rs 83 crore and scrapping the resale of the ... More

EVENTS


Singapore food festival
HYDERABAD: A Singapore food festival will be held here for six days from November 1 at Taj Krishna, a luxury hotel of the Taj group, offering assorted meats, seafood, vegetables and desserts among others. Buffet at the festival will ... More

ENTREPRENEURSHIP


Kerala chapter of TiE planned
A NUMBER of successful entrepreneurs are coming together to form the Kerala chapter of TiE or The IndUS Entrepreneurs. Driven by the conviction that `Kerala Can', the core group members from various professional background, propose to focus on ... More

EXPORTS & IMPORTS


Unfulfilled export obligation — `Allow EPCG licence holders to pay part of duty waiver used'
Some of the exporters may want to pay part of the customs duty exemption availed by them at the time of the import of the capital goods under the EPCG scheme, according to Mr S.K. Ray, Executive Director, Capexil. More

ALTERNATIVE MEDICINES


Preparations in full swing for ayurveda meet
PREPARATIONS are on in full swing for the World Ayurveda Congress 2002, the four-day international conclave on ayurveda that begins on November 1. As many as 2,500 delegates from India and abroad are expected to participate in the Congress ... More

ECONOMIC OFFENCES


Tax evasion in sale of arecanut unearthed in Karnataka
SOON after having unearthed a major tax evasion racket involving the sale of naphtha and kerosene, the Intelligence Wing of the Department of Commercial Taxes here has now zeroed in on another racket involving the sale of arecanut of a value of ... More
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Top Stories
Centaur deal: MP demands CBI probe


Kalam sets young dreams soaring

RBI committee calls for ban on securities trading by LABs

Pampering the super-rich: ICICI Bank shows the way

Insurance cos must refund excess motor premium

SEBI `overlooked' alliance issue in ACC deal

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Oct. 20-Oct. 26
Finance Ministry rejects crude royalty proposal — Gujarat, Assam may lose Rs 350 crore

Exports to Asia, Oceania up 24% in April-July

Cement, steel drive core sector growth in H1

Bumper N-E monsoon on cards

SCI may be delisted post-privatisation

Gem, jewellery exports up 36 pc

Report `explodes' 5 Chinese myths

The anti-bacterial bubble goes bust


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