Financial Daily from THE HINDU group of publications
Thursday, November 14, 2002
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INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES


Nilgiris tea growers move HC for fixing minimum price
SMALL tea growers of the Nilgiris district in Tamil Nadu have filed a writ petition in the Madras High Court praying for a suitable direction to the Commerce Ministry to fix a minimum price of Rs 15 per kg for green tea leaves produced by ... More

ECONOMY


Business confidence at June level: NCAER
THE business confidence index (BCI) - a barometer of India's business outlook- in October 2002, being tracked by the National Council of Applied Economic Research (NCAER) has not altered from the June 2002 level, after three successive quarters ... More

EXCISE AND CUSTOMS


New excise official takes charge
COIMBATORE: Mr N. Krishnamurthy has assumed charge as the Chief Commissioner of Central Excise in the newly formed Coimbatore zone. The Coimbatore Zone consists of Central Excise/Customs Commissionerates of Tiruchi, Madurai, ... More

FOREIGN TRADE


Indo-Malaysian chamber to boost trade ties
A GROUP of Malaysian Indian professionals has set up the Indo-Malaysian Chamber of Commerce, which will be headquartered in Chennai. The Chamber will be formally launched in January. Mr Muguntha, Founder-President of the Indo-Malaysian Chamber ... More

HEALTH


Gates Foundation denies role in vaccine purchase
THE top brass of the Program for Appropriate Technology in Health (PATH), part of the Bill & Melinda Gates Foundation that is supporting the $ 25-million immunisation project in Andhra Pradesh, has categorically stated that they have no role in ... More

Wockhardt programme to prevent AIDS
WOCKHARDT Ltd and the US-based Harvard Medical International (HMI) have set up an educational programme to train doctors, nurses and counsellors in the prevention and management of HIV/AIDS. Speaking to reporters here, Mr Habil Khorakiwala, ... More

PETROLEUM


Niko strikes gas
NIKO Resources Ltd, Canada, has made the first discovery in the blocks awarded under the second round of the New Exploration and Licensing Policy (NELP II). The discovery of gas has been made in the onland block CB-ONN-2002/2 near Surat in ... More

PHARMACEUTICALS


Govt to clamp down on spurious drugs
CONSUMERS worried about the increasing incidence of spurious drugs can take heart — the Centre is considering tightening the norms for ensuring safe and quality drugs. With the aim of moving towards zero error concepts in manufacture and ... More

POWER


Industries don't want to bear brunt of power politics
THE policy of continued free supply of power to the farm sector in Tamil Nadu promises to become a contentious issue with the farmers demanding its continuance and the industry arguing that it should not be made to underwrite the loss incurred by ... More

Global energy meet begins tomorrow
THE stage is set for the three-day second international conference of the International Energy and Mines Organisation (IEMO), scheduled to be begin on November 15. As many as 95 delegates from abroad and 100 delegates and trade union leaders ... More

TAXATION


Anil Ambani pitches for stable tax regime
MR Anil Ambani, Vice-Chairman of Reliance Industries Ltd (RIL), has pitched for a stable and sector-specific tax policy regime, saying that frequent amendments and changes in the interpretation of the Income-Tax Act could impact on investment ... More

Rethink on some Kelkar proposals
THE Government appears to have second thoughts over the Kelkar Committee's recommendation to withdraw the current 100 per cent tax holiday on profits made by corporates, which have invested in telecom, power and other infrastructure ... More

TRAVEL & PLACES


Passport adalat in Chennai on Nov 23
CHENNAI: The Chennai Regional Passport Office is organising a Passport Adalat on November 23 at Shastri Bhavan. This programme, which will be held from 10 a.m. to 2 p.m., will deal with applications filed this year till the end of ... More

WATER MANAGEMENT


BWSSB adalat today
BANGALORE: A BWSSB water adalat to settle disputes connected to water billing, delay in getting water supply and sanitary connection, delay in conversion from non-domestic to domestic connection and other disputes will be held on ... More

COAL


CIL against arms taking tie-up route
THE State-owned Coal India Ltd (CIL) has decided in principle not to encourage its subsidiaries to set up new coal mining projects through the joint venture route. The projects identified for the Tenth Plan would be set up by the subsidiaries on ... More

FOODS & FOOD PROCESSING


Snacking gets cracking
While the ethnic snack foods market remains highly fragmented, a clutch of organised players, both homegrown and multinational, are giving the unbranded sector a spirited fight. More

HANDLOOM


Realistic count of handlooms urged
A GROUND level and realistic survey on the number of handlooms in Tamil Nadu has to be done, according to Mr T. Kannan, Chairman, Confederation of Indian Industry (CII), Southern Region. This suggestion flows from a general consensus in the ... More

KNITWEAR & HOSIERY


Italian cluster keen on tie-up with Tirupur
ITALIAN help is on hand for knitwear exporters of Tirupur in the form of addressing production, management, outsourcing and financial needs of the industry, besides technology upgradation, to compete effectively in the post-MFA regime from ... More

Raw material consortium on the cards for Tirupur
NATIONAL Small Industries Corporation Ltd (NSIC), the Central Government's SSI supportive body, has drawn up a proposal to promote a raw material consortium for Tirupur-based textile manufacturers. The proposed consortium, which would ... More

BIO-TECH & GENETICS


Bangalore to host biotech meet in April
WITH biotech being the buzz-word and given the good response to similar summits over the last two years, the Karnataka Government and the Vision Group on Biotechnology have announced Bangalore Bio 2003, scheduled to be held between April 15 and ... More

SCIENCE & TECHNOLOGY


Canada, AP tie up on geomatics
THE Governments of Canada and Andhra Pradesh on Wednesday entered into a memorandum of understanding (MoU) here to set up a framework for collaboration in areas of geomatics, geoscience and geographic information technology. Mr Herb Dhaliwal, ... More

NEWSPAPERS & PUBLISHING


FDI norms issued for tech specialty magazines
THE Government has issued detailed guidelines for foreign investments in publication of Indian editions of foreign technical, scientific, specialty magazines, journals and periodicals. According to the norms, a company planning to bring out the ... More

GENDER


Help at hand for women
Vanitha Sahayavani (VSV), a helpline initiative for women in distress, was set up by the Bangalore City Police in January 1999. Any person can dial the telephone number 1091 and launch complaints of harassment. Volunteers and women police ... More

FOREIGN DIRECT INVESTMENT


`Deregulatory slackness slows FDI flow'
Mr N.K.Singh pinpointed the huge backlog of de-regulatory agenda in Parliament as one of the primary reasons that was holding up larger inflow of FDI into the country. More

WTO


`WTO panel must give priority to farm sops'
THE Federation of Indian Chambers of Commerce & Industry (FICCI) has welcomed the Government's decision to set up a Group of Ministers (GoM) on WTO matters, which would expedite the country's decision-making process on the important multilateral ... More

SOCIAL WELFARE


CRY reports to donors on how the money is spent
"REVENUES in the first quarter have grown compared to the corresponding quarter last year, income is up by 8 per cent while income from product sales remains constant." Nothing out of the ordinary about these statements; just the kind of ... More

EVENTS


China to hardsell diverse products at Delhi fair
CHINA, which is participating in a big way in the India International Trade Fair opening here on Thursday, is keen to attract investment and expand co-operation to further develop Indo-China trade and economic relations. "We welcome our friends ... More
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Top Stories
MS, Wipro may go hand in hand to take on IBM — To enter into BPO relationship soon


New York Life keen to hike stake in Indian venture

`India earning a reputation for its quality work'

Interest waiver, a short-term relief

Business confidence at June level: NCAER

Kelkar report: Flawed `n' faulty

Gemini TV consolidates position in AP

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Nov. 3-Nov. 9
Use of anti-dumping measures declines — China `dumps' the most, while India probes the most

`FDI computing system needs changes'

CII pegs GDP growth rate at 5.4 per cent

319 medicinal plants of Indian origin endangered

Asia-Pacific CEOs see bleak year ahead for world economy

Bill Gates thrust this time is healthcare

Export drive helps reduce mounting foodgrain stocks

PSUs worried over funds in IFCI

Kelkar hits salaried class the hardest

Lanka may outstrip God's Own Country

Pension, social security cover for unorganised sector on the anvil

Pay thru the roof

Ethanol blended petrol to cost up to 75 p less


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