Financial Daily from THE HINDU group of publications
Wednesday, November 27, 2002
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INDUSTRY & ECONOMY

ECONOMY


CEOs urged to push for passage of pending Bills
PASSAGE of the 23 pending Bills in Parliament is one of the foremost tasks as their passage is important to spur the growth of the industry, according to Mr N.K. Singh, Member, Planning Commission of India. Addressing a plenary session titled ... More

Manufacturing sector key to achieving 8 pc growth
TO enhance the share of manufacturing sector in the country's GDP and help the country touch an 8 per cent growth level, the 18th India Economic Summit, which concluded here today, has recommended that measures be initiated to increase savings ... More

Biz leaders foresee big league status for India
IN the next 20 years, Indians can look forward to a much better standard of living, India could become a world power and the country could get a permanent seat on the United Nations Security Council or join the G-8 economic grouping. However, ... More

FOREIGN TRADE


India-Singapore trade highest in Asean region
INDIA'S trade with Singapore was the highest out of 10 Asean countries during 2001-02 at $2.26 billion. Also, Singapore was the largest investor in India from the Asean region in terms of actual FDI inflow at $420.4 million during August ... More

HEALTH


Kalam stresses need for cost-effective healthcare
To make health care affordable, multi-organisational missions leading to thousands of goal-oriented projects were necessary. They should be supported by the Government, industry and philanthropic bodies, Dr Kalam said. More

INFRASTRUCTURE


GAIL in talks to build gas grid for Reliance
THE state-owned natural gas pipeline monopoly player Gas Authority of India Ltd (GAIL) is in talks with Reliance Industries Ltd (RIL) to build a pipeline grid to transport and market the latter's 40-50 million metric standard cubic metres per day ... More

Move to upgrade temples in AP
HYDERABAD: The Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, has directed the Commissioner of Endowments to upgrade the areas where temples are located and landscape the premises. He asked the officials to prepare a ... More

PETROLEUM


Talks with tanker owners fail — LPG supply from BPCL, HPCL to be affected
The negotiations with the IOC authorities ended amicably with IOC agreeing to an 8.5 per cent increase in rate. More

Kelkar plan will squeeze refinery margins: Ministry
THE Petroleum Ministry has opposed the Kelkar panel's proposal to narrow down the differential between the customs duty of crude and products from 10 per cent to 5 per cent, saying it would squeeze refinery margins. The Ministry's stand has ... More

POWER


AP Transco software for transformers
THE AP Transco has developed a software package in-house that facilitates reduction in failure of distribution transformers, which in turn cuts losses and saves repair costs. This is to be deployed in all the distribution companies (Discoms) by ... More

PFC to fund Nagarjuna project sans Govt guarantee
THE Power Finance Corporation (PFC) has agreed to meet the funding of the 1,015 MW power project by Nagarjuna Power Corporation Ltd (NPCL) without any Government guarantees. This departure from convention by PFC has cleared one of the major ... More

`Comprehensive IT blueprint on power needed'
A HIGH-POWER taskforce has recommended that the Government should create a comprehensive information technology (IT) blueprint for the Indian power sector, which should be implemented in a time frame of three-to-five years. Mr Nandan Nilekani, ... More

TAXATION


Trade and tax likened to flower and honey
ANY presentation on the state of the economy these days, it seems, is not complete without a paean to Kautilya's Arthashastra. Quoting Kautilya, the MIT-trained Dr Asim Dasgupta, State Finance Minister, explaining the intricacies of value ... More

TEXTILES


Chamber plea to rationalise yarn duty structure
THE Chamber of Textile Trade & Industry has urged the Union Finance Minister to rationalise the duty structure on all sorts of yarn and reduce it to eight per cent in the Union Budget 2003-04. The chamber has made this request in its proposals ... More

WATER


Nod for 7 urban water projects in AP
HYDERABAD: Seven project reports from Andhra Pradesh under the centrally-sponsored Accelerated Urban Water Supply Programme (AUWSP) for towns with less than 20,000 population have been approved with an investment of Rs 1,494.40 ... More

REAL ESTATE & CONSTRUCTION


Drive for rainwater harvesting in Madurai
MADURAI: The Madurai Corporation is planning to impose a fine on both existing and new buildings if rainwater harvesting (RWH) structures are not constructed, according to the Commissioner, Mr A. Karthik. Addressing the members of ... More

LEATHER


Kolkata Leather Complex ready, says Minister
AMID the crisis over the location of the tanneries in the city and the status of the new leather complex, Mr Nirupam Sen, West Bengal's Industry Minister today said that the complex was now ready for occupation. Addressing the media at the ... More

METALS


Industrial park planned for electroplating units
THE Central Electrochemical Research Institute (CECRI) and the Association of Industries, Madurai, plan to set up an industrial park for the electroplating industry. At least 60 companies would relocate their plants in the park, Dr M. Raghavan, ... More

BIO-TECH & GENETICS


Bright scope for funds flow in biotech sector
WITH over 60 biotech companies reporting earnings, the stage is now set for more funding in the sector and India could well be a great destination for funding creative ideas, according to Ms Rekha J.Hemrajani, Biotech Investment Banking ... More

FOREIGN DIRECT INVESTMENT


`Foreign investors prefer China as there are no democratic delays'
A DESPONDENT Divestment Minister, Mr Arun Shourie, seems to have thrown in the towel as far as the divestment process is concerned and talked the other day of the privatisation dukan (shop) having been virtually shut down by a section of ... More

Jumbo among Rs 206-cr FDI plans cleared
THE Dubai-based Jumbo Group's twin proposals to increase foreign equity in two group companies in India, namely Shaw Wallace and Falcon Tyres, are among the 41 FDI proposals involving FDI worth Rs 206 crore cleared by the Minister for ... More

WTO


`Bilateral trade pacts no threat to multilaterals'
THE growing spate of bilateral and regional trade pacts cannot be construed as a threat to the multilateral system, according to the Deputy Director General of World Trade Organisation (WTO), Mr Roderick Abbott. "There is no reason why these ... More

EVENTS


Symposium on instrumentation
The programme is being jointly organised by the Instrument Society of India, Indian Institute of Science, Bangalore and the Department of Physics, Bharathiar University. The Bharathiar University in Coimbatore will host the event. As part of ... More

Hyderabad Engagements
CII: Seventh Insurance Summit; Chief Minister, N. Chandrababu Naidu, to inaugurate; N. Rangachary, Chairman, IRDA to delivery keynote address; Hotel Taj Krishna; 10 a.m. Andhra Bank: Founder's Day; Chief Minister, N. Chandrababu ... More

TOURISM


AP Govt, Reliance to provide amenities on highways
THE Andhra Pradesh Tourism Department has entered into an MoU with Reliance Industries to provide wayside amenities such as parking space for trucks, restaurants, restrooms, petrol and water supply, telephone and e-seva centres on national ... More
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In Depth
Gender Justice
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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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