Financial Daily from THE HINDU group of publications
Friday, November 01, 2002
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INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES


Govt assurance on Reliance probe
THE Additional Solicitor-General , Mr K.K. Sud, has submitted to the Delhi High Court that the Government would take necessary action for launching prosecution against group companies of Reliance Industries where official investigations have ... More

ENVIRONMENT


TNPCB may not grant nod for waste project
THE Tamil Nadu Pollution Control Board has stated that it is unlikely to clear the proposed waste-to-energy project as it feels that the project, which uses the incineration route, is "highly polluting", according to official sources. However, ... More

INFRASTRUCTURE


KSIDC to lay emphasis on promotional activities
THE Kerala State Industrial Development Corporation (KSIDC) is redefining its role by laying increased emphasis on promotional activities and gradually shedding its current image of that of a lending agency. In line with the new thinking, the ... More

PETROLEUM


`100% success rate in Godavari gas wells'
RELIANCE Industries Ltd (RIL) today officially announced that it has discovered in excess of seven trillion cubic feet of natural gas in the deep-water block D6 in the Krishna Godavari basin off Andhra Pradesh coast. Making the announcement at ... More

Petro prices up
MUMBAI: Prices of petrol and diesel will go up by 2-3 paise per litre from Friday.This follows the increase in the dealer commission on diesel and petrol, oil companies said. Dealer commission has been raised to Rs 26 per kilolitre and Rs ... More

POWER


Over 400 objections to power tariff plan filed with TNSERC — Schedule for public hearings announced
OVER 400 objections from all sections of consumers have been filed before the Tamil Nadu State Electricity Regulatory Commission to the Tamil Nadu Electricity Board's tariff revision proposal. With the deadline for filing the objections being ... More

Chamber flays TNEB tariff proposals
THE Tamil Nadu Chamber of Commerce and Industry has raised its objections to the proposal of the Tamil Nadu Electricity Board for upward revision of tariff submitted to the Tamil Nadu Electricity Regulatory Commission. In a statement, Mr S. ... More

Central funds only for States implementing power reforms
THE Centre will, henceforth, release funds under the Accelerated Power Development and Reform Programme (APDRP) to only those States, which agree to implement distribution reforms. The Power Minister, Mr Anant G. Geete, told Members of the ... More

KVK Energy signs pact for plants in Chhattisgarh
KVK Energy Private Ltd, a Hyderabad-based power generation company, has signed a memorandum of understanding (MoU) with the State electricity board of Chhattisgarh for setting up two thermal power units of 67.5 MW each at Korba. Through this ... More

TAXATION


Kerala seeks review of Kelkar proposals
`Endorsing the Kelkar Committee proposal would trigger an avalanche of rubber imports and break the backbone of the State's economy.' More

TEXTILES


Additional Group-II textile quota for US
THE Ministry of Textiles has decided to release five million sq.m additional quotas in Group-II Textiles to US under the Ready Goods (RG) System. The quota for the additional quantities under the first-come-first-served basis would be opened on ... More

MEDICAL INSTITUTIONS & HOSPITALS


World Bank aid for Kerala Govt hospitals
THE Kerala Cabinet has cleared a World Bank-aided project worth Rs 814 crore for modernisation of Government-run hospitals in the State. The Chief Minister, Mr A.K. Antony, told newspersons after a Cabinet meeting on Wednesday that the draft of ... More

Medical centre at Technopark
THIRUVANANTHAPURAM: The Group of Technopark Companies, a common platform for IT companies based here, has welcomed the setting up of a medical facility by Ojus Healthcare at Technopark. "It has been a long-felt need of the Technopark ... More

REAL ESTATE & CONSTRUCTION


Police Housing Corpn now turns IT-savvy
The corporation has put in place a Web-based Project Monitoring System (WPMS) to track the progress of its housing projects. The system has saved the KSPHC time, cost and effort. More

For NRIs, home is where the heart is...
PRAVEER Joshi, a 36-year-old chemical engineer from IIT Delhi working with Petrofac International in Sharjah, purchased an apartment in Gurgaon earlier this year. Gurgaon, near Delhi, in the neighbouring State of Haryana is an upcoming township ... More

INDUSTRY ASSOCIATIONS


Bank rate cut short of industry expectations
THE Credit Policy announced by the RBI, though generally welcomed by the industry here, does not seem to have met the expectations of the industry in as far as cut in interest rate is concerned. There is also apprehension that the benefit of ... More

BIO-TECH & GENETICS


MIDC, Chatterjee group tie up for biotech park
THE Maharashtra Industrial Development Corporation (MIDC) is expected to partner with Kolkata-based The Chatterjee Group to set up a biotech park in Pune. Mr Surendrakumar Bagde, Joint CEO (IT), MIDC, said that the corporation would shortly be ... More

SCIENCE & TECHNOLOGY


Low-cost science expo
HYDERABAD: The two-day, fourth annual low cost science exhibition, jointly organised by the AP Council of Science and Technology and the Confederation of Voluntary Associations (COVA), will be inaugurated by the State Minister for Roads ... More

DISINVESTMENT


Seven in fray for 3 AP co-op mills in re-tender
These three cooperative spinning mills were re-advertised for sale following poor response from the earlier effort of the Implementation Secretariat in March-April 2002. More

FOREIGN DIRECT INVESTMENT


Amcham offers partnership to make India an attractive FDI destination
THE American Chamber of Commerce in India (Amcham), the chamber representing the largest group of foreign investors from any one country in India, has come to the rescue of the Centre and the States. It has offered its partnership to the Centre ... More

TRADE & LABOUR UNIONS


TN Govt staff to continue agitation
THE indefinite strike by the teachers and government employees in Tamil Nadu is set to continue with the Joint Action Committee of Tamil Nadu Teachers and Employees Organisation and the Government Employees Organisation (JACTTEO-GEO) courting ... More

EVENTS


Meet to educate lay investors, consumers
A THREE-day exhibition-cum-conference, Money-wise@Hyderabad, is being organised by EventXpress, an event management company of the New Indian Express Group of newspapers and Aura during November 15-17 at the Nizam College grounds. The objective ... More

CII lays stress on supply chain competency
THE growth in the manufacturing sector has been held back by the tyranny of infrastructure, especially in key areas such as logistics, according to Mr Ashok Soota, President, Confederation of Indian Industry (CII). Mr Soota was speaking at the ... More

EPFO Vigilance Awareness Week
THIRUVANANTHAPURAM: The Employees Provident Fund Organisation (EPFO) will be observing a `Vigilance Awareness Week' from Thursday to November 6. According to an official spokesman, a special Vigilance Cell will be functioning at the ... More

EXPORTS & IMPORTS


Software exports up 25% in first half
NEW DELHI: Software exports from India in the first half of the current fiscal grew by 25 per cent in rupee terms over the same period last year to Rs 20,600 crore, according to the Electronics and Computer Software Export Promotion ... More

TRENDS


`Rural folk worst-hit by strained basic services'
A NATIONAL survey on how and to what extent the weaker sections availed public services has revealed that a larger proportion of households from these sections used most of the services more than the rest of the households. Therefore, the ... More
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Top Stories
`Rural folk worst-hit by strained basic services'


Kelkar panel moots excise on processed foods sector — Trade takes up cudgels against recommendations

Pressure on margins of tech biggies seen

B-school placements probe new avenues

ICICI Bank posts Rs 285-cr consolidated net profit

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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