Financial Daily from THE HINDU group of publications
Tuesday, December 10, 2002
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INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES


`Speed, transparency vital for arbitration'
THE civil case has been going on in various courts for over two decades. And nobody was complaining. The venerable member of the bar, handling the case for the petitioner, on the eve of the next date of hearing fell sick, and sent his lawyer-son ... More

ECONOMY


Sweeping oversight?
Two underage girls employed as labourers at a newly built tennis stadium for the National Games 2002 in Hyderabad. The State Government had initiated a scheme for child labourers to return to school and run a State-wide campaign `Chaduvula ... More

ENVIRONMENT


Environment status report for AP
THE Environmental Protection Training and Research Institute (EPTRI) here has been entrusted with the task of preparing a report on the state of environment (SoE) in Andhra Pradesh as the first step towards improving the environment. As a ... More

EXCISE AND CUSTOMS


DEPB credit to be granted on f.o.b. value
THE Department of Revenue, Ministry of Finance, has issued a circular that says f.o.b. (free on board) value of exports will remain the basis for extending the DEPB (Duty Entitlement Pass Book) credit. The Government earlier laid down ... More

Indirect tax liability — 100% foreign arms can seek advance ruling
THE Government is set to permit 100 per cent subsidiaries of foreign companies setting up shop here to seek an advance ruling on their indirect tax liability from the ensuing fiscal. Currently, any non-resident investor setting up a joint ... More

HOTELS


Hotel sector revenue sharply down: Survey
THE domestic hotel industry saw a decline of 23.7 per cent in income before fixed charges (IBFC) on a per available room basis. This has been indicated in a recently released annual country trends of the domestic hotel industry, which has been ... More

PETROLEUM


No time-frame set for BPCL, HPCL sell-off
THE Government will sell its shares in Bharat Petroleum Corporation Ltd (BPCL) through the public offer route while Hindustan Petroleum Corporation Ltd (HPCL) would be privatised through a strategic sale, the Union Minister of Disinvestment, Mr ... More

HPCL, BPCL call striking LPG transporters for talks
HINDUSTAN Petroleum Corporation Ltd (HPCL) has called the agitating bulk LPG transport operators in the southern States for talks in Chennai on December 11 even as it has placed advertisements for selection of contractors on ad hoc basis to move ... More

POWER


Power crisis likely to worsen in Kerala
The thermal power plant set up at the behest of the State Government in 1995 at nearby Pathalam has not been operating for over a year now. More

TAXATION


Rising tariffs are pushing up cost of capital: Kelkar
MAKING a pitch for his report on reforms in taxation, Dr Vijay Kelkar, Advisor to Union Finance Minister, today recounted the rationale behind the many changes proposed in the current tax structure. To an audience comprising mutual fund ... More

TERRORISM


India, UAE hold talks on action against Anees
INDIAN investigating authorities are working with their UAE counterparts to adopt the required strategy for further action against Anees Ibrahim, younger brother of the Mumbai underworld don, Dawood Ibrahim, who was arrested in Dubai last week, ... More

EDUCATION


It's quality vs quantity at business schools
According to the All India Management Association (AIMA), 50 per cent of existing schools fall in the C-grade, 30 per cent in B-grade and only 20 per cent make it to the A-grade. More

Karnataka: More allocation for education mooted
BANGALORE: The Karnataka Government would send a proposal to the Centre to enhance the allocation for education by at least five times the present level of six to seven per cent. The Minister for Education, Dr G. Parameshwar, said the ... More

HCV/LCV/TRACTORS


Tractor cos to arrest decline by stopping advance selling
THE tractor industry is fast gearing up to counter the slowdown in the segment. The industry, which has declined by 18 per cent (year-to-date), has come together and decided to stop the practice of giving tractors on advances. In a meeting ... More

INDUSTRY ASSOCIATIONS


Stagnant consumption worries fertiliser industry
THE Fertiliser Association of India (FAI) is concerned over the virtual stagnation in consumption of fertilisers in the last 3-4 years. "It is a real problem that requires in-depth analysis. We are yet to properly ascertain the causes for the ... More

SCIENCE & TECHNOLOGY


Minister for industry, varsities synergy
THE Government has been impressing upon universities and other organisations of higher education and research to acquire a higher degree of financial self-sufficiency, according to Mr Bachi Singh Rawat, Minister of State for Science & Technology. ... More

Geo-tech meet begins in Hyderabad today
ANDHRA Pradesh and Karnataka were among the major States which were utilising geo information technology in sectors such as irrigation, town planning, mining, forestry, agriculture and water resources, according to Mr. G.S. Kumar, ... More

DISINVESTMENT


Maritime institute not part of SCI bid offer
BIDDERS for the 51 per cent Government stake in Shipping Corporation of India (SCI) will not get the company's training institute in Mumbai spread over an area of 40 acres. The Government has decided to hive off the training institute, The ... More

SOCIAL WELFARE


Funds for Kannadigas planned
BANGALORE: The Chief Minister, Mr S.M. Krishna, has announced that the Government would try to set up a fund for Kannadigas living outside the State. He made this announcement in Gujarat while interacting with the Kannadigas in ... More

EVENTS


Water wash
Water cannon being used on activists of the Nav Nirman Morcha, who were protesting to draw the Centre's attention to the problems of drought and floods in Bihar, in the Capital on ... More

NATURAL CALAMITIES


Kerala Govt seeks Rs 1,035-cr drought relief
THIRUVANANTHAPURAM: The Kerala Government has sought Rs 1,035 crore as drought relief from the Centre. Of this, Rs 910 crore was meant for making good the shortfall in electricity generation caused by the drought, the State Revenue ... More

TOURISM


Kerala tops tourism growth rate worldwide
TRAVEL and tourism in Kerala is expected to generate Rs 8,600 million ($1,773.1 million) of economic activity during 2002, growing to Rs 478.4 billion ($ 6,645 million) by 2012. This has been indicated in the World Travel and Tourism Council's ... More

Festival to package Chennai for tourists
Chennai Fest will address three crucial factors that are needed to promote tourism and industry — awareness, infrastructure and marketing. More


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Top Stories
Kerala tops tourism growth rate worldwide


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Terror risk pool corpus may expand by Rs 100 cr

Interconnect issue worries Tata Tele

P-greetings keep pace

ICICI Bank to sell gold coins

Stagnant consumption worries fertiliser industry

In Focus
Inside China

Gujarat Elections
In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Dec. 1-Dec. 7
`Almatti height may hit AP power generation'

GE Shipping hoots past SCI disinvestment

Development data report shows AP in poor light

Sugar import norms tightened

Low funds, strict laws plague medicinal biotech sector

ATMA members' H1 exports touch Rs 485 cr

Direct tax receipts slow down in April-Nov period

Farm, allied products boost export growth — Plantations, leather fare poorly

Govt to review Centaur deal if found illegal

Of ayurveda and farmers' rights

Steep rise in foreign currency export credit during Apr-Nov

ONGC, Iffco-Kribhco may be allowed to bid for HPCL


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