Financial Daily from THE HINDU group of publications
Wednesday, November 06, 2002
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Financial Daily from THE HINDU group of publications Wednesday, November 06, 2002 |
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INDUSTRY & ECONOMY INVESTMENTS Despite Kelkar, no joy ride for car buyers THE Kelkar panel recommendations regarding reduction in excise and customs duties applicable for the automobile industry are likely to lead to two new features. One is the likelihood of new entrants in the already crowded passenger car segment of ... More COURTS/LEGAL ISSUES Delay in warehoused goods can be risky WELL, 24 per cent interest rate is not for deposits, but would apply to warehoused goods, as per Customs law. Section 61 of the Customs Act deals with period for which goods may remain warehoused. Where any warehoused goods remain in a warehouse ... More ECONOMY Asia-Pacific CEOs see bleak year ahead for world economy IF the gut feeling of top executives in this part of the globe is anything to go by, the world economic outlook over the next 12 months appears none too rosy. Significantly, senior executives in the Asia-Pacific region are more pessimistic on ... More
Australia keen on tie-up with Karnataka ENVIRONMENT Ramky arm to operate hazardous waste plant TAMIL Nadu Waste Management Ltd, a special purpose company floated by Ramky Environmental Engineering Ltd, has been identified to set up and run the hazardous waste disposal facility at Melakottiyur village, around 50 km from Chennai. According ... More
KIOCL issue: Karnataka Govt to go along with Centre's decision HEALTH Bill Gates thrust this time is healthcare THIS time, it's philanthropy and not business that is high on Mr Bill Gates' agenda when he comes to India. During his November 11-14 visit to the country, Mr Gates, Chairman and Chief Software Architect, Microsoft Corporation, will announce a ... More
`Hand wash' campaign in Kerala raises a stink INFRASTRUCTURE Chhattisgarh inks MoU with Jindals for industrial park CHHATTISGARH will soon have its first private industrial park in Raigarh. A memorandum of understanding (MoU) to this effect has been signed between the Chhattisgarh State Industrial Development Corporation (CSIDC) and Jindal Steel and Power Ltd ... More
Karnataka clears expressway project PSU PSUs worried over funds in IFCI UNABLE to recover their investments, several public sector corporations, which have parked funds in the beleaguered financial institution, IFCI have landed in trouble. Many of these investing corporations have not been able to fully recover ... More POWER 
AP tops Crisil `power' ratingsCREDIT Rating Information Services of India Ltd (Crisil) has awarded the highest score of 73 marks to Andhra Pradesh, ranking the State first among the 12 States assessed for their performance in the power sector. The Power Ministry entrusted the ... More
Karnataka comes second in Crisil `power' ratings TAXATION 
Matador & the bleeding bullFOR those who thought that there was already too much of Income-Tax Department everywhere, Kelkar may come as a surprise. His report says that the department should expand "qualitatively and quantitatively." Quality? Yes, the idea is to put in ... More
Kerala Ordinance to amend Sales Tax Act SSI `SMEs see increase in turnover with IT usage' THE usage of information technology among the domestic small and medium enterprises (SMEs) and the presence of a Web site have resulted in a significant increase in their turnover, a survey carried out by the Confederation of Indian Industry ... More PERSONAL PRODUCTS FMCG cos may reap windfall from Kelkar FMCG companies may be indirect beneficiaries, if the recommendations of the Kelkar Committee on the reform of direct and indirect taxes are accepted by the Government. The indirect tax proposals focus on a lowering of excise and customs duty ... More EDUCATION Govt to seek $2-b IBRD loan for school project THE Government is set to initiate talks with the World Bank shortly for funds aggregating close to $2 billion for its Sarva Shiksha Abhiyan (SSA) Project, which promises to provide elementary and primary education to each and every child by the ... More INDUSTRY ASSOCIATIONS SCIENCE & TECHNOLOGY Country-specific tech to be focus of science meet THE 90th Indian Science Congress, which will be held here from January 3 to 7, will focus on six key areas including energy, IT, biotechnology, food and environment. Probably for the first time, an ISC will involve the industry. CII and FKCCI ... More DISINVESTMENT More sops needed to lure bidders for Hind Copper THE faltering privatisation exercise under way in Hindustan Copper Ltd (HCL) has given the Union Government a few good lessons on financial restructuring in loss-making PSUs and the most notable one is that such schemes should be finalised in ... More FOREIGN DIRECT INVESTMENT Johnson Matthey among 41 FDI proposals okayed THE Government has cleared 41 foreign direct investment (FDI) proposals entailing an investment of Rs 97 crore, spread across several sectors. Heading the list in terms of the size of the investment is that by the Dutch unit of the UK-based ... More EVENTS CII meet on manufacturing excellence CHENNAI: The Southern Region office of the Confederation of Indian Industry (CII-SR) is organising an international conference on manufacturing excellence in collaboration with the Central Manufacturing Technology Institute, at Chennai on ... More INCOME TAX Exemptions must go for taxes to be cut THE lowering of marginal tax rates for individuals proposed by the Kelkar panel on Direct Taxes could blow a hole in the exchequer's pocket if it were a stand-alone exercise and not accompanied by a removal of exemptions. According to internal ... More EXPORTS & IMPORTS 
Export drive helps reduce mounting foodgrain stocksFINALLY, it looks as though the Government is gaining some control over managing its burgeoning foodstocks. A concerted export drive has enabled total foodgrain stocks in the Central pool to dip to 514.1 lakh tonnes (lt) as on October 1, 2002, ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
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Top Stories In Depth Gender Justice Simple Economics Small Investor Looking back Oct. 27-Nov. 2 Rabo India launches `green' division Truckers to strike work from November 15 `e-com tax policy must be in line with global practices' Centaur deal: MP demands CBI probe Kalam sets young dreams soaring Pant for political consensus on tough decisions — Cabinet okays Tenth Plan `Rural folk worst-hit by strained basic services' Rethink on future corporate structure of PSU coal cos |
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