Financial Daily from THE HINDU group of publications
Thursday, December 12, 2002
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INDUSTRY & ECONOMY

ECONOMY


What makes Chinese economy click
IF India were to replicate the Chinese economic model, it would be imperative to increase the adult literacy rate and tax the farm sector and use the proceeds for creation of infrastructure and development of industry, as China has done. ... More

Rs 9,045-cr supplementary demands passed
THE Lok Sabha has approved the supplementary demands for grants which includes an assistance of Rs 1,949.11 crore towards the UTI for meeting the difference between the assured repurchase price and the net asset value of US-64 and also for ... More

A pretty good service for all you know, sir?
INDIANS have perhaps intuitively known all along. But there is official confirmation now. The Government has been delivering them in recent times a great deal of public administration. The value of its service output - administering the public ... More

HEALTH


ACM Medical Foundation donates diagnostic equipment
CHENNAI: The ACM Medical Foundation, the health care trust founded by Mr A.C. Muthiah, chairman of the Southern Petrochemical Industries Corporation Ltd, has donated diagnostic equipment worth Rs 22 lakh to the local primary health care ... More

PETROLEUM


Ethanol makers, oil cos to discuss price issue today
PUBLIC sector oil companies and ethanol manufacturers are scheduled to meet on Thursday to finalise the price at which ethanol will be purchased for mixing with petrol. The meeting is crucial as the Union Government's January deadline for ... More

POWER


Kolkata power utility may hike tariffs
THE 18 lakh consumers of the RPG-controlled power utility, CESC, are a worried lot these days. And their anxiety is increasing with every passing day waiting for the announcement of a new tariff order. The announcement — which is being ... More

Karnataka power situation bleak
THE power crisis in Karnataka is likely to worsen in summer, the State Government has finally conceded. Briefing presspersons here on Wednesday, the Chief Minister, Mr S.M. Krishna, who holds the power portfolio and who is also Chairman of ... More

`Quality power not burden of utilities alone'
THE role of consumers and equipment manufacturers is as important as that of utilities in maintaining an electricity distribution system supplying quality power, according to Mr N.T. Nair, R&D expert in energy management initiatives. Speaking ... More

`Global N-power industry on revival path'
Nuclear power had, according to studies in the US, become the cheapest source of electricity in comparison to other sources, Mr Grandey said. More

TAXATION


Bengal zone tax refunds poised to go up 20 pc
TAX refunds, both corporate tax and income-tax, as on November 30 for the West Bengal zone have already doubled in terms of number of cases, and the department was likely to end up with an increase of nearly 20 per cent in refund payments by ... More

RADIO/TV


DD sees the big picture
Whether it's news or entertainment, it's good old Doordarshan that actually claims higher viewership over private channels. Is Doordarshan really hot property? Catalyst takes stock. More

IMRB launches radio audience research tool
WHILE there has yet to emerge a single currency for the radio audience measurement system, IMRB International has launched Radio X Press, its proprietary radio planning and analysis system. All subscribers to the IMRB Radar Radio Listenership ... More

Cable industry members meet officials
JUST a day after the Rajya Sabha cleared the Cable Television Networks Amendment Bill 2002 paving the way for a Conditional Access System (CAS), members of the cable industry met officials of the Information and Broadcasting Ministry. The ... More

EDUCATION


Learning maths the Casio way
IF subjects like history, geography or for that matter biology and physics can be made interesting by evolving activities with learning tools, why not mathematics? In keeping with its product line, consumer electronics major, Casio India Co ... More

GNIIT students to get lateral entry to KSOU
IT education pioneer, NIIT has entered into a tripartite agreement with Karnataka State Open University (KSOU) and Virtual Education Trust to allow its one-year diploma and GNIIT students to pursue the university's B.Sc. and M. Sc. IT programmes ... More

HCV/LCV/TRACTORS


Tractor sales down 20% in H1
THE dry spell for the tractor industry continues. Tractor sales declined 19.6 per cent in the first half of the current fiscal to 79,566 units from 98,938 units in the same period last year. Out of the 10 tractor companies surveyed, sales of ... More

INDUSTRY ASSOCIATIONS


CETMA hails passage of cable TV Bill
THE Consumer Electronics and TV Manufacturers Association (CETMA) has welcomed the passage of the Cable Television Networks Amendment Bill to regulate and streamline the cable TV networks system in the country and implementation of the ... More

FICCI pushes for reforms in farm sector for growth
``It is very essential to explain to the State administrators that by bringing about a change in agricultural policies we can really transform our rural and agrarian economy,'' the FICCI President, Mr R.S. Lodha, said here today. More

Kanwar leads race for FICCI Vice-President
THE countdown has begun yet again for selection of a Vice-President of the Federation of Indian Chambers of Commerce and Industry (FICCI). It's usually the tradition that a Vice-President will go on to become the President of the apex chamber ... More

DISINVESTMENT


`Domestic carriers sell-off will be taken up at right time'
THE Ministry of Civil Aviation is not against the disinvestment of Air India and Indian Airlines but would like them to be taken up at the right time, the Minister for Civil Aviation, Mr Syed Shahnawaz Hussain, said here today. "There is no ... More

EIL sell-off set for smooth course
THE cloud of uncertainty surrounding the privatisation of Engineers India Ltd (EIL), the engineering and consultancy major, has been lifted with the Union Government deciding to sort out the controversy over disinvestment in HPCL and ... More

FOREIGN DIRECT INVESTMENT


Cabinet Secy for implementing panel report on investments
While recommending the suggestions of the committee for implementation, it has also been decided that it will be taken up by the Committee of Secretaries (CoS) around the middle of January for a review of its functioning, Government sources said. More

SOCIAL WELFARE


Rs 18-cr loan okayed for TN backward class corporation
The loan can be availed for any petty trade to be undertaken by the women. More

EVENTS


Poompuhar expo on in Hyderabad
THE Tamilnadu Handicrafts Development Corporation Ltd, popularly known as `Poompuhar', is expecting to post a turnover of Rs 15.5 crore during the current fiscal as against Rs 14 crore last year. The corporation had already grossed a turnover ... More

Positive criticism is media's right, says former SC judge
JUDGES and politicians should be more tolerant of criticism by the media, according to the former Judge of the Supreme Court, Mr S. Mohan. Urging Parliamentarians to take a second look at the contempt (of court) provisions, he said "Justice is ... More

Brand summit begins today
KOCHI: A brand summit where corporate chieftains, brand building experts and marketing specialists are expected to participate begins in the city on December 12 at 5 p.m. The event will be inaugurated by Mr Cherian Varghese, Chairman of ... More

EXPORTS & IMPORTS


Foodgrains export to Bangladesh — FIEO urged to sort out rake shortage with Rlys
THE Federation of Indian Export Organisations (FIEO), Eastern Region, has been urged by exporters of commodities such as wheat and rice to Bangladesh to sort out the problem of inadequate placing of rakes by the Railways. Complaining that wheat ... More

`Continuation of DEPB under review'
THE Commerce and Industry minister, Mr Arun Shourie, on Wednesday promised that the exporters' demands for continuation of the duty entitlement pass book (DEPB) scheme would be examined and given due consideration in consultation with the ... More

Under-invoiced imports hit cashew kernel prices
THE availability of cashew kernels of foreign origin, imported under different pretexts, in the domestic market is having an adverse impact on the local demand. The import of cashew kernels from Brazil, Vietnam and African countries goes on ... More

Concor package for exports to Bangladesh
THE Customs notification, simplifying the procedures for exports to Bangladesh through the land customs stations at Petrapole and Gede in West Bengal, has prompted the Container Corporation of India (Concor) to offer a package of services to ... More

Exim Bank credit for exports to East Europe
INDIA's exports to eastern Europe has registered an impressive growth of 18.31 per cent in the current financial year (April-August 2002-03) whereas India's imports from East Europe has increased by over 39 per cent during the same period. ... More

TOURISM


Earmark more funds for tourism: WTTC
THE World Travel and Tourism Council (WTTC), a global forum for business leaders in travel and tourism, which has rated Kerala as the second-fastest growing tourism destination in the world, has strongly urged the State Government to ... More

Hyderabad tops in leisure travel growth: Taj group
HYDERABAD has registered 100 per cent growth in leisure travel and has vast potential for further growth, according to Mr. Jamshed S. Daboo, COO - Leisure Hotels, Taj Hotels Resorts and Palaces. He told presspersons here on Wednesday that in ... More


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