Financial Daily from THE HINDU group of publications
Wednesday, December 11, 2002
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INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES


Kerala: Law panel working on second report
THE three-member Law Reform Committee constituted by the Kerala Government has started working on the second report, which largely aims at unification of a minimum of 30 laws that were originally meant to apply to the erstwhile Travancore, Kochi ... More

ECONOMY


Services sector posts steady growth: Survey
THE services sector continues to show steady growth in many sectors during April-November as compared to the same period in the previous year. This has been indicated in a survey of 12 major services sectors conducted by the Associations Councils ... More

ENGINEERING


Tooltech show bags orders worth Rs 3 cr
THE five-day Tooltech International Exhibition concluded here on Monday with the meet generating business orders worth Rs 3.1 crore. Twelve foreign countries participated in the event, held for the first time in the southern region. The ... More

ENVIRONMENT


Gotcha, with GPS
The Coimbatore Corporation is putting GPS receivers to novel use - fitting them to trucks that collect garbage. There's no getting away from the all-seeing eye, now! More

PETROLEUM


IOC begins auto LPG sales in Chennai
INDIAN Oil Corporation today launched sales of automobile LPG in Chennai. The formal launch happened at a company-owned petrol station near Koyembedu, but very soon a similar facility is expected to come up on the Poonamalee High ... More

POWER


Plan to scale up N-power capacity to 40,000 MW
"We have recommended clusters of 4-6, 1,000 MW reactors at coastal locations to make it economically attractive. The idea is to scale up the installed capacity to 40,000 MW over a period of time," Mr Chaturvedi, NPC chairman said. More

AP Govt extends Rs 6,167-crore guarantee to power utilities
THE Andhra Pradesh Government has approved a Government guarantee of Rs 1,357 crore for the Transmission Corporation of AP (APTransco) for various developmental works and Rs 4,618 crore for the Generation Corporation of AP (APGenco) for issue of ... More

Energy conservation programme
HYDERABAD: Mr K. Sreerama Murthy, Member of the Andhra Pradesh Electricity Regulatory Commission, has highlighted the salient features of the Energy Conservation Act and energy audit for industries at the three-day national programme on ... More

WATER


Ground water legislation need of the hour: Pant
THE Deputy Chairman of the Planning Commission, Mr K.C. Pant, has said that ground water legislation is necessary to increase the potential of the available water in the country. Inaugurating the national seminar on "Jal Swaraj: Harnessing water, ... More

COAL


CIL sees loss of market share from low-tariff regime
THE state-owned Coal India Ltd (CIL) fears that it may lose its monopoly position as producer and supplier of power grade non-coking coal if the customs duty on non-coking coal is brought down in accordance with WTO guidelines. Indicating this ... More

CIGARETTES


NGOs seek protection to beedi industry
BANGALORE: Several non-governmental organisations have urged the Central Government to enact legislation to protect employment opportunities in the beedi industry and save it from the onslaught of multinational tobacco companies. ... More

RADIO/TV


`Pick your channel' Bill gets Parliament approval
THE much-awaited Cable Networks (Regulation) Amendment Bill (2002) has been cleared by the Rajya Sabha, which paves the way for the implementation of a conditional access system (CAS) whereby consumers would have to pay for the channels they wish ... More

EDUCATION


Wigan and Leigh to stop franchise operation
WIGAN and Leigh India, offering vocational education courses, has decided to give up the franchise route of operation due to the deterioration in the quality of education offered by its franchisees. Speaking to Business Line, Mr Vinay ... More

FOODS & FOOD PROCESSING


Food processing body planned
TO pave the way for an integrated food law, the Group of Ministers (GoM) is expected to meet on Wednesday, Mr N.T. Shanmugam, Minister of State for Food Processing said here on Tuesday. The GoM will also examine the possibility of setting up a ... More

INDUSTRY ASSOCIATIONS


Permanent exhibition venue for Madurai mooted
THE Managing Director of Tamil Nadu Small Industries Development Corporation, Mr S. Rajarethinam, has said that a permanent exhibition venue in the city could be part of the Central Government's scheme to promote cluster enterprises. He sought ... More

BIO-TECH & GENETICS


Biotech industries meet
HYDERABAD: A one-day programme on "Strategy and policy framework for promotion and development of biotech industries" will be held here on December 27 by the Small Industries Service Institute in association with the Department of ... More

CINEMA


New film chamber president
BANGALORE: Former Minister, Mr S. Ramesh has been elected president of the Karnataka Film Chamber of Commerce. Mr Ramesh defeated his rival, film actress, Jayamala, by securing 517 votes as against 428 polled by the artiste. ... More

DISINVESTMENT


GAIL to bid for HPCL stake
GAIL (India) Ltd will bid for acquiring a controlling stake in Hindustan Petroleum Corporation Ltd (HPCL) when it is put up for strategic sale, a senior official on the company's board said here on Tuesday. "GAIL is interested in bidding for ... More

29 State-owned PSUs up for sale in Orissa
Nearly Rs 10,000 crore has been invested in 68 PSUs in the State of which 34 are operational. Of these, only nine are profit-making even as the accumulated losses stand at over Rs 2,000 crore. Around 43,000 persons are employed in the PSUs in Orissa and the State Government spends over Rs 4.5 crore per day on the PSUs. More

Shourie to seek A-G opinion on oil PSUs sell-off
THE Disinvestment Minister, Mr Arun Shourie, has said that he would seek the opinion of the Attorney-General, Mr Soli Sorabjee, on the legality of the sell-off of the oil two PSUs — HPCL and BPCL. "I will seek the opinion of the ... More

RURAL DEVELOPMENT


Kerala drive to popularise development plan
Utmost care will be taken to ensure that political or ideological differences do not come in the way of hard work for getting the Centre's approval for Plan schemes and reaching assistance to local bodies. More

EVENTS


Save lighting energy: Premji
THE biggest challenge facing facilities managers currently is to optimise resources and reduce costs, according to Mr Azim Premji, Chairman, Wipro Corporation. Delivering the keynote address at `India Workplace 2002' a conference and exposition ... More

Fight for right
Children take part in a demonstration organised by the All-India Democratic Women's Association in New Delhi on Tuesday. The demonstrators, who staged the protest on the occasion of the World Human Rights Day, demanded that the Government provide ... More

ENTREPRENEURSHIP


Fair for women entrepreneurs
CHENNAI: A national fair on women scientists and entrepreneurs and shaping India's bio-future to be held in Chennai will highlight investment opportunities for women in biotechnology. According to a press release from the organisers, ... More

INCOME TAX


No TDS on REC bonds
SECTION 193 of the Income-Tax Act is about "interest on securities". According to the Section, the person responsible for paying any income by way of interest on securities should, at the time of credit of such income to the account of the payee ... More

TOURISM


New status to bring more Chinese tourists
NEW DELHI: In a move that is likely to see more Chinese tourists visiting India, China has accorded `approved destination' status to India. A memorandum of understanding granting the `approved destination' status to India was signed here ... More

PEOPLE


Piramal in PM's revamped trade council
MR Ajay Piramal, Chairman, Nicholas Piramal Ltd, is being inducted into the Prime Minister's Council for Trade and Industry. Mr Piramal's inclusion into the council as a member, according to official sources, is to have a drug industry ... More
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