Financial Daily from THE HINDU group of publications
Wednesday, October 30, 2002
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INDUSTRY & ECONOMY

ECONOMY


Pant for political consensus on tough decisions — Cabinet okays Tenth Plan
THE Union Cabinet today approved the Tenth Five-Year (2002-07) Plan with the Deputy Chairman of the Planning Commission, Mr K.C. Pant, calling upon both the Centre and the States to evolve political consensus to take difficult decisions to ... More

Addl DA for Central staff
THE Centre has announced an additional dearness allowance for its employees and dearness relief to retired employees entailing an outgo of Rs 1,079 crore in a full year. Briefing newspersons on the Union Cabinet decision on the payment of ... More

ENVIRONMENT


Mixed reactions to ban on plastic carrybags in Kerala
`If the Government is so serious about effecting a total ban on plastics, it should first ban PET bottles, which are not recyclable at all.' More

HEALTH


Taking medical care to remote areas
IF poor people cannot reach towns or cities to get good medical care, let us go to them. This description seems to fit the health initiative launched by the Technology Information Forecasting and Assessment Council (TIFAC) and the Government of ... More

POWER


GSEG achieves financial closure
THE Gujarat State Energy Generation Co Ltd (GSEG), whose 156.1 MW gas-based power plant at Mora near Hazira began commercial generation of power in December 2001, achieved financial closure last week with the LIC of India sanctioning Rs 30 crore ... More

PERSONAL PRODUCTS


Sales tax tops troubles plaguing FMCG sector
MR Nadir Godrej, Director, Godrej Group and Chairman, FMCG Committee, CII (Western Region), is known for his choice of verse to address meetings, like he did today while welcoming delegates to the inaugural session of CII's `National FMCG ... More

EDUCATION


AP: PG courses in emergency medicine promised
INTRODUCTION of post-graduate courses in emergency medicine in all medical colleges in Andhra Pradesh has been assured by Dr K. Sivaprasada Rao, Minister for Health, who was speaking at the three-day international conference on emergency medicine ... More

`Include corporate governance in schools'
INDIA should include corporate governance in the curricula of students in high schools and colleges as they are going to practise them in the coming years, according to Lord Swraj Paul, Chairman of Caparo Group of Companies (UK) and Chairman of ... More

REAL ESTATE & CONSTRUCTION


Suggestion on BMC manual
BANGALORE: The citizens of Bangalore have suggested to the Bangalore Municipal Corporation (BMC) that the `Sulabh Nakshe', a manual brought out by the BMC on building laws and rules should include duties and responsibilities of the ... More

MINING & QUARRYING


`Project finance only option for mining cos'
THE project finance mechanism is the only option for domestic mining companies, which are not able to attract capital to the high-risk long gestation mining projects on the strength of their own resources. This is the view of Mr Saumen Ray, ... More

GENDER


Fall in gender disparities
BANGALORE: Gender disparities in enrolment and retention of girls have dropped from five per cent to two per cent in the 16 districts where the World Bank-funded District Primary Education Programme is operational. Despite a significant ... More

DISINVESTMENT


Tenth Plan divestment target of Rs 78,000 cr a challenge
A WHOPPING Rs 78,000 crore stares the Government in the face as the amount to be realised from the sale of its equity in public sector undertakings (PSUs) during the Tenth Plan period begining April 1, 2002, and ending on March 31, 2007. While ... More

Nalco incidents add new twist to divestment tale
NOBODY in the Government will hazard a guess on what will happen to the proposed privatisation of National Aluminium Company Ltd (Nalco) through the strategic sale route after the Monday incidents at Angul and Damanjodi. For the record, the due ... More

HUMAN RESOURCES


Look for integrity, Premji tells HR meet
``AS HR professionals, your key challenge is to discover not only those people with intelligence and smartness but also those who have unimpeachable integrity.'' These were the words of advice Mr Azim Premji, Chairman, Wipro Corporation, to ... More

EVENTS


NSSO plans electronic data gathering
THE National Sample Survey Organisation (NSSO) under the Ministry of Statistics and Programme Implementation will be introducing electronic data gathering of data relating to industries from next year. An official spokesman quoted Dr A.K. ... More

Lecture series on Kalam's vision
HYDERABAD Management Association (HMA) plans to organise a series of interactive lectures from October 31 to next May based on the President, Dr A.P.J. Abdul Kalam's vision for a developed country, `India - My Dream'. Topics such as ... More

Americans shy away from investing in India: Blackwill
AMERICANS hesitate to invest in India because of the uncertainty over its economic reforms programme, the US Ambassador to India, Mr Robert D. Blackwill, has said. Addressing a session on `US-India Economic Relations - The Missing Piece', ... More

INCOME TAX


`I-T salary refunds to be completed by Nov-end'
THE Income-Tax Department is now working at full tilt to complete all salary refunds by end-November. Talking to Business Line, Mr P.K. Sarma, Chairman of the Central Board of Direct Taxes (CBDT), said while attempts would be made to ... More

EXPORTS & IMPORTS


Export credit — no major impact seen immediately
THE Reserve Bank of India's move to deregulate interest rates for exporters in two stages with effect from May 2003 is unlikely to create any significant impact immediately, bankers say. Exporters are already enjoying very low rates, ... More

Kelkar panel for pruning export promotion schemes
EXPORTERS currently enjoying the benefit of duty exemptions and tax reliefs from a slew of export promotion schemes may well have to be content with just four of them. The Kelkar panel on indirect taxes has made out a case for retaining only ... More

`India must exploit rubber export potential'
IN order to be competitive in the current scenario of liberalised global trade, the share of Indian agricultural exports, including that of rubber, has to increase rapidly in the coming five years, according to Mr N. Radhakrishnan, President of ... More

TOURISM


Naga tourism promo
Mr I. Imkong, Nagaland Minister for Industry, poses beside traditional tribal artefacts on display at a Nagaland tourism promotional show in Kolkata on Tuesday.

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