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Monday, November 04, 2002

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INDUSTRY & ECONOMY

ECONOMY


CII pegs GDP growth rate at 5.4 per cent
THE Confederation of Indian Industry (CII) expects the country's real gross domestic product (GDP) to grow by 5.4 per cent during 2002-03, which more or less corresponds to the 5-5.5 per cent growth range estimated by the Reserve Bank of India in ... More

GSDP growth rate slips to 5.3 pc in H1: Naidu
Mr Naidu said that the downturn was due to severe drought experienced by about 900 odd mandals. This had adversely impacted farm operations and the overall agriculture production across the State. More

HEALTH


Apollo performs rare coronary bypass surgery
APOLLO Hospitals, Hyderabad, has claimed to have performed a rare kind of coronary artery bypass surgery (CABG), using a novel technique called symmetry bypass system aortic connector. The surgery, done for the first time in the country by Dr ... More

INFRASTRUCTURE


Over 4 lakh units built under rural housing project scheme
The local elected representatives take a special interest in the project because it has a social as well as a political benefit. If the project bombs, their popularity is at stake. More

POWER


RTPS surpasses previous records
BANGALORE: The KPCL-owned Raichur Thermal Power Station (RTPS) has surpassed all its previous records on performance, generation and fuel savings during the first half of current year by achieving 15 per cent higher efficiency in ... More

SUGAR


Courts playing catalyst role in sugar decontrol
THE sugar industry today stands substantially decontrolled. And ironically enough, it is not the Government, but the courts that are playing a catalyst role in this process. Sugar mills are now subjected mainly to two kinds of controls. ... More

TAXATION


A tax thriller from Kelkar, with action & drama
THESE days, the Finance Ministry's Web site does not show the photo of a jovial Jaswant. It's Dr Vijay Kelkar, the all-important adviser to the Finance Minister. And, the consultation paper prepared by the Task Force on Direct Taxes, or simply ... More

Flogging the dead horse
THE Kelkar committee has made a pitch for abolition of all tax breaks and tax rebates with a concomitant upping of the tax-free threshold. This suggestion is not new. Over the last couple of years, steady pressure is being mounted on the ... More

Going easy on exemptions while cutting tax rates will hit revenue
THE Task Force headed by Dr Vijay Kelkar has submitted its report wherein drastic changes are recommended with reference to corporate taxation. The proposals seem to be based on a detailed study available on the subject and reports published ... More

WATER MANAGEMENT


Maharashtra, FICCI meet on rainwater harvesting
THE Maharashtra Government and FICCI are planning to hold a series of seminars to create awareness on rainwater harvesting. Faced with a scenario where dependence on monsoon rains has become imperative, rainwater harvesting has assumed great ... More

COAL


`Time for coal companies to check unfair trade practices'
DOMESTIC coal companies, in their new coal sales strategy to non-core sector consumers, should examine the option of charging different rates of premium for the same grade of coal from different collieries/sidings so as to ensure higher revenues ... More

EDUCATION


Rural IT Quiz winners
BANGALORE: Students of Sarvodaya PU College, Tumkur have emerged winners of the third Rural IT Quiz, which was held to coincide with the IT.Com in Bangalore. This year, there were more than 48,000 participants in the first phase. The ... More

GEMS & JEWELLERY


Are diamonds forever?
DIAMONDS may glitter, but for those in the business of cutting, polishing and selling it for a profit, the prospects are not so alluring. Leading companies in diamond jewellery business find that their bottom line has registered only a marginal ... More

REAL ESTATE & CONSTRUCTION


Revision of building code on cards
The Civil Engineering Division Council of the Bureau of Indian Standards is undertaking the revision process through 18 expert panels, each dealing with a specific section of the existing code, Mr Nair said. More

INDUSTRY ASSOCIATIONS


TN foodgrains body welcomes bank rate cut
THE Tamil Nadu Foodgrains Association has welcomed the Reserve Bank of India Governor's announcement on reduction in bank rate. In a statement here Mr V. Dhanasekaran, Secretary, said this would augment the available lendable and Cash Reserve ... More

BIO-TECH & GENETICS


BII plans Bangalore centre
BANGALORE: The Bioinformatics Institute of India (BII) is planning to open a centre in Bangalore soon. The centre, scheduled to open by December this year, aims at providing a platform for individuals, professionals, research and ... More

SCIENCE & TECHNOLOGY


Young scientists do the nation proud — Minor planet named after Jaipur whiz-kid
THE Jaipur-based high school `scientist' Akshat Singhal, who won a paid internship with Agilent Technologies for his computer science project at the Intel International Science Engineering Fair (Intel ISEF) this May at Kentucky, USA, has added ... More

  • GSLV second trial in Feb

    FOREIGN DIRECT INVESTMENT


    `FDI computing system needs changes'
    THE yawning gap between China and India in attracting the non-debt creating foreign direct investment (FDI) flows would no longer remain unbridgeable if an official committee's suggestions in this regard are implemented. In the wake of a recent ... More

    RURAL DEVELOPMENT


    Rs 200-cr aid for SHGs in East Godavari district
    EAST Godavari district, with a record number of 46,574 self-help groups of women (SHGs), is in the forefront not only in the State, but the country, and the State Government has drawn up ambitious plans for the next three years to develop further ... More

    EVENTS


    Warehousing corpns convention
    BANGALORE: The National Association of Warehousing Corporations will host the annual convention of the International Federation of Warehousing Logistics Association (IFWLA) in February 2003. Addressing a press conference here ... More

    EXPORTS & IMPORTS


    `Waive duty, allow deemed exports against excise bond'
    Seeking a level playing field for export production, the EEPC has suggested that Cenvat credit be made applicable also on the quantum of special additional duty (SAD) to provide the much-needed relief to manufacturer-exporters. More

    ALTERNATIVE MEDICINES


    319 medicinal plants of Indian origin endangered
    THE International Union for Conservation of Nature and Natural Resources (IUCN) has featured in its `Red List of Threatened Species' at least 319 terrestrial plant species of known medicinal value and traced to India. These are among an ... More

    Health wealth
    SO what if the Deputy Prime Minister, Mr L.K. Advani, could not make it for the inauguration of the first World Ayurveda Conference at Kochi last week? The delegates were treated to a far more exuberant ringmaster, the Union Minister for Health, ... More

    ECONOMIC OFFENCES


    A lifeboat for seamen?
    Though the government has no legal obligation to rehabilitate the Seamen's Provident Fund, there is the moral responsibility to help seamen get their money back. Accordingly, the Ministries of Shipping and Finance have been asked to work out a way to address the "valid claims" of seamen. More
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    `Rural folk worst-hit by strained basic services'

    Rethink on future corporate structure of PSU coal cos


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