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Sunday, November 24, 2002

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INDUSTRY & ECONOMY

PENSION PLANS


Invest smart, retire hurt
EQUITY investment by pension and provident funds has been the subject of recent debates on pension reforms. Many experts have argued that smart investment, considered synonymous with equity investment, could be the panacea to the problem of low ... More

ANTI-DUMPING


Chinese imports hit Travancore Titanium — Stocks worth Rs 26 cr piled up: Union
THE state-owned Travancore Titanium Products Ltd (TTP), the leading manufacturer of anatase grade titanium dioxide in the country, is sitting on a pile of unsold stocks worth Rs 26 crore. Heavy taxation combined with large-scale import of the ... More

Dumping duty likely on lamps from China, HK
THE selling prices of officially imported compact fluorescent lamps (CFL) from China and Hong Kong may soon move northwards, with the Designated Authority in the Commerce Ministry recommending definitive anti-dumping duty on such imports from ... More

ECONOMY


No fears of financial crisis: Jalan
`Macro-economic indicators are strong'

RULING out any threat of a domestic financial crisis, the Governor of the Reserve Bank of India, Dr Bimal Jalan, on Saturday said the macro-economic indicators of the Indian economy were strong with low inflation, a reasonable good growth and low ... More

PM clears hike in Plan allocation for sports
THE Prime Minister, Mr Atal Bihari Vajpayee, has accepted the proposal of the newly formed All-India Council of Sports for a five-fold increase in the allocation for sports in the 10th Five Year Plan. Addressing the inaugural meeting of the ... More

G-20 for caution on capital account convertibility
THE G-20 Finance Ministers and central bank Governors today called for putting in place sound national financial systems and advocated a cautious approach towards capital account convertibility. "We agreed on the need for sound national ... More

FERTILISERS


Phosphatic/complex fertilisers — In need of nutrients
THE players in the phosphatic fertiliser industry are certainly in better shape to face the challenges thrown up by decontrol than their counterparts in nitrogenous fertilisers. After all, unlike urea manufacturers, players in phosphatic ... More

What the new policy sows
THE subsidy bill for decontrolled fertilisers may not have attracted the same degree of attention as that for urea. But it has bloated, all the same. Between 1995-96 and 2002-03, the Government's outlay on concessions to decontrolled fertilisers ... More

Fertiliser stocks: It can only get better
FERTILISER stocks, which witnessed a brief surge between March and June 2002 on expectations of a "normal" monsoon and a change in the fertiliser policy, have since dropped. After a promising start to the year, DAP and other complex fertiliser ... More

STEEL


Indian steel on a roll
THE domestic steel manufacturers are on a roll. Buoyed by a dramatic improvement in steel prices, starting from January this year, the steel majors are all seeing an improvement in performance this fiscal. The recently announced half-yearly ... More

TYRES


Truck, bus tyre production up In September
TRUCK and bus tyre production improved marginally in the month of September to touch 8.23 lakh as against a production level of 8.20 lakh tyres recorded in the month of August 2002. The production performance in this category in September this ... More

COAL


Meet on Nov 27 to study fund support aspect — Ministry initiates steps for revival of ECL
EVEN as the revival scheme for Eastern Coalfields Ltd (ECL) is yet to be submitted by the Central trade unions , the Union Ministry of Coal has initiated moves to find out ways as to how financial support could be arranged for the effective ... More

REAL ESTATE & CONSTRUCTION


Project exports rise 5.4 pc
PROJECT exports from India registered a growth of 5.4 per cent in 2001-02 to touch a level of Rs 1,434 crore, according to Mr Rajiv Pratap Rudy, Minister of State for Commerce and Industry. Addressing a function organised in the Capital to give ... More

ALUMINIUM


Tenth Plan aluminium growth target at 8%
The country's total aluminium output will be less than one per cent of the global aluminium production though India accounts for nearly five per cent of the world's proven aluminium reserves and ranks fifth among nations in terms of volumes of reserv es. More

INDUSTRY ASSOCIATIONS


Agri task force submits proposals to PM
THE Task Force on Agriculture constituted by the Federation of Indian Chambers of Commerce and Industry (FICCI) today submitted its report to the Prime Minister, Mr A.B. Vajpayee. The Task Force made a presentation on `Indian agriculture ... More

SCIENCE & TECHNOLOGY


New ISRO rocket series takes off
A Rohini sounding rocket, RH-200, launched this week marks the beginning of a new series of rocket launches as part of MIDAS, the Middle Atmospheric Dynamics Science research programme. During the next five years, the programme will study ... More

CCMB research facility for infectious diseases
AIMED at emerging as a one-stop destination for research and development in modern biology, the Centre for Cellular and Molecular Biology (CCMB) here proposes to set up a major facility for conducting advanced research on infectious diseases that ... More

DISINVESTMENT


Hearing over in Jessop case; verdict reserved
MR Justice K.J. Sengupta of the Calcutta High Court on Thursday heard the submission of the counsel of Jessop & Co Ltd Staff Association and concluded the hearing pursuant to an order passed by the Supreme Court. Judgement is kept reserved. The ... More

Jindal plan proves our point, say Salem Steel workers
SAVE Salem Steel Committee, the umbrella employees' forums of Salem Steel Plant (SSP) opposed to the divestment of the special steel-making unit by Steel Authority of India Ltd (SAIL), has pointed out that Jindal Strips Ltd, the lone bidder , ... More

WTO


`Trade barriers on services must go'
WITH the services sector accounting for 49 per cent of the national economy and growing rapidly, its role for the developing countries in the context of the World Trade Organisation (WTO) has brought to light new issues which need to be addressed ... More

RURAL DEVELOPMENT


Rs 1,200-cr scheme to provide drinking water to villages
IN order to ensure that all the villages in the country have access to clean drinking water, the Rural Development Ministry has announced the Swajaldhara Scheme, at an investment of Rs 1,200 crore. Addressing a press conference here on Friday, ... More

INCOME TAX


Tax rebates under Section 88 may be retained in limited manner: Tax assn
AS a follow-up to the discussions held with Dr Vijay Kelkar, Chairman of the Task Force on Direct and Indirect taxes, prior to submission of the consultation paper which has kicked up a veritable storm in various quarters, the Direct Taxes ... More
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Top Stories
Rs 1,200-cr scheme to provide drinking water to villages


Coir Institute rolls out readymade lawns

G-20 for caution on capital account convertibility

New ISRO rocket series takes off

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Nov. 17-Nov. 23
Tax rebates removal, a breach of trust: Experts

`Promote neem on global arena'

ICSE online courses eye school dropouts

Industrial fuels sale up in October

Non-basmati varieties may take a beating

Met office aiming at accurate forecast

Festive October brings smile back to auto sector players

TV channels among biggest ad spenders in print media

Garment exports up 15 pc in first half

Parboiled rice exports hit by price hike

Fiscal deficit under control: Narayan

SC hearing on limited mobility — Cellular operators accuse DoT of ignoring TRAI recommendations

Core sector growth in April-Oct at 5.6 pc — Cement, steel lead the pack

Govt to relax FDI rules


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