The Hindu Business Line : Wednesday, December 04, 2002

Plan to set up national soft computing centre
THE Centre is likely to set up a "national research centre in soft computing" in the city at the Indian Statistical Institute (ISI). Prof V.S. Ramamurthy, Secretary in the Ministry of Science and Technology, stated this at the inauguration of ... More

ANTI-DUMPING

Definitive duty on sodium nitrite from EU, Taiwan
IN a relief for the domestic producers of sodium nitrite in the country, the Finance Ministry has imposed definitive anti-dumping duty on all imports of sodium nitrite from the European Union (EU) and Taiwan. A definitive anti-dumping duty ... More

ECONOMY

Govt sees growth at close to 5.5% — Mid-year review downplays drought impact
THE Finance Ministry has sought to paint a robust picture of the economy, which, it says, will register a growth of "close to 5.5 per cent" this year, notwithstanding the widespread monsoon failure and uncertainties arising from tensions in West ... More

`Mounting fiscal deficit a worry'
THE Government has expressed concern over the mounting fiscal deficit calling it the biggest challenge to the economy, which was facing the prospects of weakening growth momentum and pressures on revenue and expenditure. Addressing a press ... More

Slippages feared in second half on relief, subsidies
THE reasonable levels of fiscal discipline and rectitude recorded in the first half of 2002-03 may give way to significant slippages in the second half, courtesy the impact of additional drought relief expenditures and higher outgo on ... More

Mid-year review good for fiscal governance: FICCI
FICCI has complimented the Finance Minister for introducing the innovative step of a Mid-Year Review for the first time. This should also improve fiscal governance, the FICCI President, Mr R.S. Lodha, said. "A four-point policy initiative ... More

States disappointed with debt-shedding exercise
States' outstanding debt is currently put at Rs 25,000 crore. States were allowed an additional 30 per cent small savings to be raised for debt shedding. However, none of the States were for using small savings for debt shedding. More

`Debt situation comfortable'
THE RBI is comfortable with the internal debt situation, said Dr Rakesh Mohan, Deputy Governor, RBI. "Our comfortable position is shown in the fact that we cancelled one of the recent auctions in the primary G-secs market, which was scheduled in ... More

CII hails thrust on reforms
THE CII President, Mr Ashok Soota, has welcomed the thrust on economic reforms in the mid-year economic review presented by the Finance Minister, Mr Jaswant Singh, at the Parliament on Tuesday. According to Mr Soota, it is imperative that ... More

FOREIGN TRADE

Wisner recipe to boost trade ties with US
THE Vice-Chairman of American International Group (AIG) and immediate former chairman, US-India Business Council, Mr Frank G. Wisner, today outlined eight critical points of action, including follow-through on trade liberalisation, removal of ... More

INFRASTRUCTURE

Panel okays Rs 34 cr for export projects
KERALA Industrial Infrastructure Development Corporation (Kinfra), the nodal agency under the Assistance to States for Infrastructure Development for Exports (ASIDE) scheme for Kerala, has received proposals worth Rs 33.98 crore for setting up ... More

Document on talks with ADB ratified
A MEETING of the Cabinet of the Council of Ministers in the State discussed and ratified a document on the conduct of the official-level talks that a visiting State Government team had with officials of the Asian Development Bank (ADB) in Manila ... More

POWER

TCCL shortlists 16 for small hydel project
`If KSEB is giving us the Irutty sub-station, the project cost will be around Rs 68 crore. If it is extended to Mudanoor beyond Irutty, then it will work out to around Rs 74 crore.' More

TAXATION

AP Govt mulls entry tax on tobacco from Karnataka
THE Andhra Pradesh Government is seriously considering the growing demand for imposition of entry tax on Karnataka tobacco being brought into the State for processing in view of that State's attitude in the matter of production and marketing of ... More

TYRES

ATMA members' H1 exports touch Rs 485 cr
TYRE exports by member companies of the Automotive Tyre Manufacturers' Association (ATMA) touched a level of about Rs 485 crore during the first half of fiscal 2002-03. The ATMA member companies had recorded an export turnover of about Rs 884 ... More

INDUSTRY ASSOCIATIONS

KCCI for comprehensive policy on port labour
THE Kanara Chamber of Commerce and Industry (KCCI) has called for a `comprehensive policy' covering labour interests in ports. This policy, according to KCCI, should ensure fair remuneration and legitimate social welfare benefits apart from ... More

BIO-TECH & GENETICS

Low funds, strict laws plague medicinal biotech sector
THOUGH the country is blessed with the world's largest bio-resources with tremendous scope for medicinal biotechnology, the potential of this sub-sector still remains untapped. This sub-sector has to operate within the constraints of the ... More

SCIENCE & TECHNOLOGY

ISRO to launch `precision farming'
USING inputs from space-based platforms like satellites, the Indian Space Research Organisation (ISRO) is planning to launch a national programme on `precision farming', the Chairman, Dr K. Kasturirangan, has said. The expertise gained by ISRO ... More

INTERVIEW

Economy has passed the test of fire: Ashok Lahiri
"All we are trying to say is that the resilience of the Indian economy has been tested. By no means is this document saying that we should be complacent, rather, it's the other way round. What this document is trying to project is the economy's sourc es of nascent strength, the opportunities and the challenges. That is the message.'' More

EVENTS

Fair on printing, packaging
A `PRINT-n-Pack' industrial fair is being organised by the Madurai District Tiny and Small Scale Industries Association (MADITSSIA) here from December 4 to 8. Though the fourth of its kind, held once in two years, the exhibition is being ... More

CII seminar on Italian tie-ups
KOCHI: Confederation of Indian Industry, Kerala is organising a one-day seminar on business alliances with Italian companies in the food processing sector on Wednesday. The objective of the seminar is to identify the specific areas of ... More

Management fest from Dec 6

Thiruvananthapuram Engagements

EXPORTS & IMPORTS

Let's trust the exporters
DUTY Entitlement Passbook Scheme (DEPB) benefits exporters by offsetting the incidence of customs duty on the import content of the export product. On the flip side, however, it has been a subject matter of concern for the Customs Department in ... More

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