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Saturday, November 23, 2002
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INDUSTRY & ECONOMY

ECONOMY


Plan expenditure cut by Rs 1,000 crore — Soft option to tackle revenue fall
The cutback in Plan expenditure is attributed to slippages in revenue receipts collection. Internal revenue receipts collections so far this year have been only to the extent of 45 per cent of the budget estimates. More

G-20 summit begins
THE two-day meeting of the deputies of the G-20 which began here on Friday considered and approved the agenda and various administrative issues before the Ministerial meeting. All member countries evinced interest on discussing major issues in ... More

INFRASTRUCTURE


Detailed plan on coastal SEZ being worked out: Deshpande
Regarding the growth and development of coastal Karnataka, Mr Deshpande said that software, bio-technology and fisheries could be the core sectors that the three districts along the coast could focus on. More

Innovation in road laying
A road in Chennai being laid with a mix of bitumen and plastic wastes. The programme has been taken up by the Chennai Corporation in co-ordination with Dr R. Vasudevan, Head of the Department of Chemistry, Thyagaraya Engineering College, Madurai, ... More

POWER


Power generation, exports drop in eastern region
THERE has been an average drop of 1.5 per cent in power generation by the eastern region utilities between July and October 2002. Correspondingly, power exports from the region, which is connected to almost all the other regions, has also ... More

SUGAR


Sugar industry seeks purchase tax waiver
THE Tamil Nadu Government needs to bail out the sugar industry with a package of concessions including purchase tax waiver and export subsidy, according to Dr Palani G. Periasamy, President, South Indian Sugar Mills Association. Addressing a ... More

TAXATION


VAT adoption to be delayed: Minister
THE Tamil Nadu Government, though ideologically committed to implementing value added tax (VAT), cannot immediately shift to VAT because the resultant revenue loss would adversely affect the State's ability to meet social responsibilities, ... More

Proposals will help fatten tax payer's wallet: Kelkar
DR VIJAY Kelkar, Advisor to the Finance Minister, Mr Jaswant Singh, today defended his tax reforms proposals, saying that these recommendations were aimed at bringing about a paradigm shift in the fiscal policy in tune with the country's emerging ... More

`Prepare public for VAT regime'
THE State Finance Minister, Mr K. Sankaranarayanan, has directed officials of the Taxes Department to hold sustained and productive exchange of ideas with assessees to demystify the new concept and remove apprehensions, if any, in their ... More

`Industry fears over lower customs duty unwarranted' — Kelkar panel member defends proposals
THE Task Force on Indirect Taxes, appointed by the Finance Minister, Mr Jaswant Singh, today brushed aside the demands of the Federation of Indian Chambers of Commerce and Industry (FICCI) to go in for reduction in customs duty only after the ... More

WATER


Naidu for consensus on Krishna water sharing
THE Andhra Pradesh Government plans to work towards building a consensus over the use of the Krishna River water, which impacts the three riparian States of Maharashtra, Karnataka and all the regions of the State, the State Chief Minister, Mr N. ... More

CARS


Indica Diesel most economical: Survey
The ownership cost analysis takes into account the following expenditures: fuel, oil change/maintenance, repairs, and insurance. More

GENDER


Creating PC games for girls
EVEN as the new science building of the Fudan University here reverberated this week with heated dialogue on domestic violence and battered women, discrimination against women at the work place, more political space for women, and a free market ... More

DISINVESTMENT


Two voices, two moods
THE contrasting perceptions within the Government on the disinvestment programme were evident on Friday, with the Finance Minister, Mr Jaswant Singh, voicing the Government's resolve to carry it out while the Disinvestment Minister, Mr Arun ... More

No distress sale of SCI, says Goyal
THE Union Shipping Minister, Mr Ved Prakash Goyal, has said the Government will not dump Shipping Corporation of India, ruling out distress sale of the company's shares. Responding to reports on the decision of Great Eastern Shipping Company, ... More

FOREIGN DIRECT INVESTMENT


Govt to relax FDI rules
THE Government will shortly ease rules and streamline procedures for foreign direct investment (FDI), the Finance Minister, Mr Jaswant Singh, said here. "One of the principal impediments to free flow of FDI is the turbidity of systems. The ... More

LABOUR REFORMS


Rules notified for Loading Act
THE State Government has notified rules and regulations that govern the implementation of the Kerala Loading and Unloading (Regulation of Wages and Restriction of Unlawful Activities) Act. An official spokesman said that as per the ... More

TRADE & LABOUR UNIONS


Kerala Govt plans meetings to reopen estates
THE State Labour Minister, Mr Babu Divakaran, has said that the Government will convene separate meetings with management and labour representatives of every plantation estate that has ceased operations in the recent past after having been bogged ... More

EVENTS


O'Neill says good governance can attract US investments
THE US Treasury Secretary, Mr Paul H. O'Neill, today emphasised the need for good governance and following the rules of law. He said India's strong English language skills and democratic Government should make it the preferred choice of US ... More

ICWAI meet takes stock
SPEAKERS at the inaugural session of the two-day Southern India Regional Cost Convention of the Institute of Cost & Works Accountants of India (ICWAI) stressed the need to cope with the rapid pace at which business paradigms were shifting in the ... More

Global meet on business-social partnership
TAKING a lead from the Johannesburg Summit 2002, the Indian Institute of Management, Calcutta (IIMC) has decided to host an international conference on ``Business-social partnership : Beyond philanthropy'' here between December 4 and 7. Around ... More

INTERNATIONAL TRAVEL


Australia woos tourists from South
TARGETTING the southern Silicon Triangle and tier-two cities in the country, the Australian Tourist Commission (ATC) is set to leverage the latent tourist potential here by wooing corporate and newer segments as there is perceptible shift in ... More

ENTREPRENEURSHIP


The art of cleaning - - and making money
IT took an article in the vernacular Ananda Bazar Patrika and a vacuum cleaner lying idle at home to ignite the mind of an enterprising, college-going youngster. What started as an innovative way of generating some additional pocket ... More

EXPORTS & IMPORTS


Bid to stop rejection — Show-cause to 12 seafood exporters
THE Marine Products Export Development Authority (MPEDA) has issued show-cause notices to 12 merchant exporters in a bid to arrest rejections of seafood consignments (due to chemical residue detection) from the country. Sources said 4-5 of ... More

Rubber trade urges rethink on import entry routes
AFTER the recent verdict by the Bombay High Court, setting aside all restrictions on import of natural rubber (NR) under Advance Licence, the rubber goods sector is of the view that there ought to be a rethink by Government at least on the ... More

BEARINGS, CASTINGS & FORGINGS


`Tech upgrade holds key to foundry sector growth'
THE Indian foundry industry is striving to rewrite its history and emerge as a `green' industry. From the typical 3D image of a dirty, dull and dangerous sector, it has taken on an image-building path to attract talent, sustain growth and above ... More

PEOPLE


New Customs Commissioner
THIRUVANANTHAPURAM: Mr R.K. Jain, an officer of the 1976 batch of the Indian Revenue Service, has taken over charge as Commissioner of the newly-constituted Central Excise and Customs Commissionerate, Thiruvananthapuram, on promotion and ... More
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Top Stories
Unpaid dividends, matured deposits, debentures — Auditors may have to attest co declaration


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In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Nov. 10-Nov. 16
Investment pattern of EPF monies in for change

Trials on AIDS vaccine early next year

3 crore Indians are diabetic: WHO

Business confidence at June level: NCAER

CST phase-out from April 2004

Project investments flat in Sept quarter: Survey

Minister says SCI sell-off could be delayed further


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