Financial Daily from THE HINDU group of publications
Tuesday, December 03, 2002
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INDUSTRY & ECONOMY

ECONOMY


Plan panel report provides Assam tips for growth
AGAINST the average all-India rate of growth of Gross Domestic Product of 6.68 per cent during the period 1993-94 to 1999-2000, Assam registered a growth rate of 2.19 per cent State Domestic Product in this period on an average per annum. This ... More

Hardly working in Kerala
THIRUVANANTHAPURAM, the State capital, is, by most accounts, a sleepy, laidback place, home to such bureaucratic platitudes as the following from the Industrial Policy of the United Democratic Front (UDF), which aims to "accelerate the industrial ... More

FOREIGN TRADE


TN yet to open account in HK markets
While the Karnataka and Andhra Pradesh Governments had taken a keen interest in Hong Kong and China, other State Governments, even Kerala and West Bengal, had sent trade delegations to Hong Kong. More

HOTELS


  • HHI ties up with Travel Express

    INFRASTRUCTURE


    N-E States showcase info-tech potential
    BETTER air and telecom connectivity coupled with proactive steps to overcome the `image problem' are prerequisites to investment in the Eastern and North-Eastern States, most of which offer liberal tax sops to attract investment. The investor ... More

    PETROLEUM


    Arab oil, gas show to be held in Dubai next year
    THE buoyant oil and gas sector in West Asia is expected to thrive following the discovery of new reserves following recent exploration results. The organisers of the prestigious Arab Oil and Gas Show, scheduled to be held in Dubai next year, ... More

    TAXATION


  • States told to rationalise taxes

    SSI


  • `Soft touch' to khadi

    WATER


  • Bid to restore lakes

    PERSONAL PRODUCTS


    Counterfeits costing FMCG cos dear
    INDIAN industry loses about Rs 4,000 crore per annum due to competition from counterfeit products or look-alikes. Mr Bharat Patel, Chairman, Procter & Gamble Hygiene and Health Care, speaking at the FICCI Ladies Organisation (FLO) organised ... More

    RADIO/TV


    Zee-Turner to bring Reality TV
    IF you are a couch potato deriving pleasure in watching car chases, emergency services or any other live action, here's Reality TV for you. Zee-Turner Ltd, the subsidiary of Zee Telefilms Ltd, is planning to distribute the UK-based Zone ... More

    FOODS & FOOD PROCESSING


    Rs 250 cr may be earmarked for food parks
    THE Ministry of Food Processing Industries has proposed Rs 250 crore of the total Tenth Plan outlay of Rs 650 crore to be earmarked for schemes of infrastructural development, including the setting up of food parks. This was stated by the ... More

    INDUSTRY ASSOCIATIONS


    Assocham signs MoU with French body
    THE Associated Chambers of Commerce and Industry of India (Assocham) has signed a memorandum of understanding (MoU) with Alsace Development International (ADI), France. The MoU, aimed at promoting commercial and cultural relations between ... More

    FICCI for more accountability for CEOs, CFOs
    A SECTION of Indian industry is pitching for more accountability for the Chief Financial Officers (CFO) and the Chief Executive Officers (CEOs) of organisations by requiring them to certify the information given to the stakeholders through the ... More

    P.K. Jain is new PHDCCI chief
    MR P.K. Jain has taken over as the President of PHDCCI following the conclusion of the chamber's 97th annual session. Mr Jain is the Chairman and Managing Director of Malt Company of India Ltd. Mr Ravi Wig, Managing Director of Wig Brothers ... More

    Auto makers seek lower duties
    THE Society of Indian Automobile Manufacturers (SIAM), in its pre-Budget memorandum 2003-04 to the Ministry of Finance, has suggested several key changes in the duty structure on automobiles. According to Mr R. Seshasayee, President, SIAM, the ... More

  • FAPCCI lauds Kelkar's suggestions

    BIO-TECH & GENETICS


    CCMB, Cardiff varsity pact for biosciences research
    THE Centre for Cellular and Molecular Biology, Hyderabad and the Cardiff School of Biosciences, Cardiff University, based in Cardiff, Wales, have entered into a memorandum of understanding to promote cooperation in the biosciences area covering ... More

    NEWSPAPERS & PUBLISHING


    No easy shift to mags for foreign book publishers
    IT'S not going to be an easy transition from books to magazines for foreign publishing houses operating in India. If any of these publishing houses plan to bring out foreign journals and magazines, they would have to adhere to the sectoral norms ... More

    DISINVESTMENT


    Jaswant to make pitch for divestment
    THE Finance Minister, Mr Jaswant Singh, is set to make a forceful case for reviving the disinvestment process in the `mid-year review of the economy' to be tabled by him in Parliament on Tuesday. Mr Singh had at the recently concluded G-20 ... More

    States urged to give list of hotels for divestment
    FEDERATION of Hotel & Restaurant Associations of India (FHRAI) has urged the State Governments to release a State-wise disinvestment list of hotels, lodges and hostels to facilitate private entrepreneurs to do their home work before offering ... More

    FOREIGN DIRECT INVESTMENT


    S&N plan for fully-owned arm cleared
    THE proposal of the UK-based Scottish & Newcastle Plc to set up a wholly-owned subsidiary in India with a capital base of Rs 400 crore in order to form strategic partnership with domestic liquor producer UB group was among the foreign direct ... More

    IPR


    IPR holders' terms to come under Competition Law
    "A need was felt that if anti-competitive behaviour takes place after granting of Intellectual Property Rights (IPRs), it should be brought under the surveillance of the Competition Law with reasonable restrictions", official sources said. More

    CSIR figures among top 50 US patent applicants
    INDIA has achieved a landmark of sorts this year in terms of patents registration and application in the US for development of new technology and products. Dr R.A. Mashelkar, Director-General of the Council of Scientific and Industrial Research ... More

    LABOUR REFORMS


    Comprehensive labour law for unorganised sector in offing
    THE Lok Sabha was told today that the Government would bring an umbrella labour legislation for the unorganised workers in the country during the Budget session early next year to take care of every concern of this important and preponderant ... More

    INTERVIEW


    `More German FDI will flow once markets open up' — Mr Heimo Richter, German Ambassador in India
    More FDI is bound to come once new sectors are opened up. For example, in insurance Allianz and in banking Deutsche Bank have entered. As markets open up more big companies are bound to come. More

    EXPORTS & IMPORTS


    Sugar import norms tightened
    IN a major setback for importers of raw sugar, the Commerce Ministry has tightened the standard input output norm (SION) for such imports at zero duty against advance licences (AL). Henceforth, duty-free import of only 1.05 tonnes of raw sugar ... More

    Kerala Govt thinking big on export front
    THE feelgood factor provided by an across-the-board rise in commodity exports relative to the 2001-02 financial year has emboldened the Kerala Government to think big on the export front and devise a new growth strategy founded on the Assistance ... More

    US buyers hunger for value-added shrimps
    SEAFOOD exports to the US continue to be on the rise while exports to Japan, India's one-time biggest export destination, is on the decline. As per export compilation data provided by the Marine Products Export Development (MPEDA), the share of ... More

    TOURISM


    Orissa ties up with CII to woo domestic tourists
    The tourism sector would boost economic growth in the State, which has been hit by natural calamities, low investments from outside and unemployment. More

    ECONOMIC OFFENCES


    `Law soon to tackle white-collar crimes'
    THE Finance Minister, Mr Jaswant Singh, today said that the Government would soon introduce a legislation on Serious Frauds Office (SFO) to track white-collar crimes, even as Parliament today approved the legislation to give more teeth to the ... More

  • Contraband worth Rs 3.8 cr seized
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    Top Stories
    `China will be the market of tomorrow' — Mr M. Arunachalam, Chairman, Indian Chamber of Commerce in Hong Kong


    Sugar import norms tightened

    Two-wheeler cos biggest spenders on press ads — Computer education ads slip to 15th from third spot

    AMFI registration mandatory for intermediaries

    Mahajan for fresh look at super regulator's role — Convergence Bill not on LS agenda right now

    RBI moots identification No. for bank customer

    Report of National Commission on Labour — Inconsistencies weaken the safety net

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Nov. 24-Nov. 30
    Rs 1,200-cr scheme to provide drinking water to villages

    New ISRO rocket series takes off

    G-20 for caution on capital account convertibility

    Solar-powered auto-rickshaw

    Diwali fails to spark BPL colour TV sales — Brand slips out of top five

    `Reforms have bypassed bullock cart economy'

    Garment exports surge 15.2 pc in April-October

    `Foreign investors prefer China as there are no democratic delays'

    Biz leaders foresee big league status for India

    Financial revamp will help steel cos turn around: Crisil

    `You can't open up economy with a small window' - Mr Hari N. Harilela, Chairman, Hong Kong-based Harilela group

    Fiscal deficit up 20.8 pc in April-Oct

    States oppose Kelkar on indirect taxes


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