Financial Daily from THE HINDU group of publications
Wednesday, December 25, 2002
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INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES


Kerala lawyers protest hike in court fees
THE All-India Lawyers Union has voiced its protest against the State Government's decision to increase the court fee and re-introduce fee for filing writ petitions by litigants before the High Court. The Union President, Mr Mathew Zachariah, ... More

ECONOMY


Steel, cement drive core sector growth in April-Nov
BUOYED by the stepped-up construction activity in the economy leading to higher offtake of steel and cement, the official index of six `core' infrastructure industries has registered a growth of 6.4 per cent during April-November 2002, against ... More

Rs 542-cr budget for Hyderabad council
A DRAFT budget of Rs 542 crore for the Municipal Corporation of Hyderabad (MCH), which covers the twin cities of Hyderabad and Secunderabad, has been approved by the standing committee for the year 2003-2004. The budget seeks to focus primarily ... More

ENVIRONMENT


Ecological heritage Web site launched
THE Chennai-based C.P.R. Environmental Education Centre (CPREEC) launched a Web site on ecological heritage under the Environmental Management Capacity Building Technical Assistance Project (EMCBTAP), according to a press release from the ... More

HEALTH


A paradox of poverty and plenty
THE paradox could not be starker. About 170 million children in less economically developed countries are underweight and over three million die each year, as a result. At the same time, there are more than one billion adults worldwide who are ... More

INFRASTRUCTURE


TN plans second agri export zone
The zone is to be established in the southern part of Tamil Nadu will cover Tirunelveli, Theni, Dindigul, Ramanathapuram, Madurai and Virudhunagar. More

PSU


Vigilance fears overdone, CVC tells PSE chiefs
THE Central Vigilance Commissioner, Mr P. Shankar, has advised the chief executives of public sector enterprises (PSEs) to strive to be competitive, improve performance and make profit. Speaking at a workshop on `Corporate governance in a ... More

PHARMACEUTICALS


Pharmexcil to function from early 2003
THE Indian Drug Manufacturers' Association (IDMA) President, Mr N.H. Israni, has warned of tough days for Indian pharma industry post-2005. The hurdles include problems on the intellectual property rights front, calls for technical ... More

POWER


State Govt may backtrack on MSEB trifurcation
THE proposal to trifurcate MSEB into generation, transmission and distribution divisions may be put on the back burner. Mr Dilip Valse-Patil, who overnight replaced Mr Padamsinh Patil as Maharashtra's Energy Minister, said here today that ... More

TEXTILES


Karnataka textile policy soon
BANGALORE: The State Government is formulating a new textile policy and it will be given a final shape by early next year. The policy is expected to address the issues relating to the transition of the textile industry into the ... More

SSI


PM's remarks on SSIs hailed
MADURAI: The Madurai District Tiny And Small Scale Industries Association (Maditssia) has welcomed the remarks of the Prime Minister acknowledging the contribution of the SSI sector to growth of the economy at the Global SME's meet held ... More

WATER


Chennai Metro Water plans tax-free bonds
THE Chennai Metropolitan Water Supply and Sewerage Board (CMWSSB) has planned to raise tax-free municipal bonds for urban infrastructure development works in city to benefit Chennai residents. According to high-level sources at CMWSSB, Srei ... More

No decision yet on Kochi water supply scheme
THE Industries Minister, Mr P.K. Kunhalikutty, has made it clear that the State Government has not taken any decision on the proposed Cochin Industrial Water Supply Scheme (CIWSS) and two other such projects that are to be showcased at the ... More

RADIO/TV


RMG David to break ground in `promising' medium radio
RADIO still plays the role of a support medium, at best, and is not yet a serious part of any media planner's budget, but it has enormous potential and provides an exciting opportunity for innovation. That is why at least one ad agency, rmg ... More

Prasar Bharati to run campaign on IRDA role
THE role of the Insurance Regulatory and Development Authority (IRDA) is set to get a major boost with the All India Radio (AIR) and the Doordarshan set to launch a nationwide multi-language campaign. The Prasar Bharatihas decided to provide ... More

CARS


Rush of cars coming to drive you crazy
CAR lovers have reasons to cheer. The next calendar year is slated to see over 20 launches in the domestic market across categories ranging from sports utility vehicles to sedans, to premium-end vehicles and, may be, even a couple of small cars ... More

INDUSTRY ASSOCIATIONS


CII hails Naresh Chandra Panel suggestions
THE President of the Confederation of Indian Industry (CII), Mr Ashok Soota, has welcomed the recommendations of the Committee on Corporate Audit and Governance. In a statement, the chamber has said that these recommendations will play an ... More

TEXTILE MACHINERY


`50,000 looms target by 2004 unlikely'
The Indian textile machinery industry has a Rs 3,600-crore capacity but it is operating at less than one-third of its capacity. Mr Dembla blamed lopsided policies for the state of the industry. More

BIO-TECH & GENETICS


`Biotech an effective tool in controlling pollution'
Biotechnology is used to assess the state of ecological systems, transform pollutants into benign substances, generate biodegradable materials from renewable sources, and develop environmentally safe manufacturing and disposal processes. More

India eyes 8 pc of biotech market share
THE global demand for biotechnology products is projected to be around $50 billion by 2010 and India is expected to corner about 8 per cent of this pie. Elaborating on the country's efforts to speed up research and development, application and ... More

SCIENCE & TECHNOLOGY


Science Congress promises something for everyone
THE 90th Indian Science Congress being held here from January 3 to 7 next year promises to offer a rich fare to top scientists and also industry, policy-makers, academicians and students. The Prime Minister will inaugurate it and on the second ... More

FOREIGN DIRECT INVESTMENT


Karnataka ranked 4th in attracting FDI
KARNATAKA has emerged as the fourth-favourite foreign direct investment (FDI) destination since India opened its doors to foreign capital for enterprises in 1991. The State managed to attract Rs 21,945 crore till June 2002 as foreign direct ... More

Great Eastern among 22 FDI plans okayed
THE Commerce and Industry Minister, Mr Arun Shourie, has approved 22 proposals of foreign direct investment (FDI) amounting to Rs 46 crore. These proposals have been cleared on the basis of the recommendations of the Foreign Investment ... More

RURAL DEVELOPMENT


Despite claims, RIDF is a flop
AT a recent press conference of Nabard, officials made some grand claims for the Rural Infrastructure Development Fund (RIDF). But going by the literature given at the meet, the RIDF has been a flop, confirming the findings of the research paper ... More

PUBLIC SECTOR BANKS


Corporation Bank opens ATM
MANGALORE: Corporation Bank has opened one more automated teller machine (ATM) at Mannagudda in Mangalore taking the total number of CorpBank ATMs in the country to 272. Mangalore alone has 10 CorpBank ATMs. According to a release ... More

EVENTS


`Economics crucial to diplomacy'
ECONOMICS is crucial to today's diplomacy, and the Government should try to promote trade, said Dr T.J Rao, Honorary Consul for India at Melbourne, Australia, at a meet organised by the Indo-Australian Chamber of Commerce here. Dr. Rao ... More

EXPORTS & IMPORTS


Govt mulls ocean freight subsidy on sugar exports
THE Government is considering providing an additional subsidy to exporters of sugar for re-imbursement of their ocean freight expenses, the Union Minister of Consumer Affairs, Food and Public Distribution, Mr Sharad Yadav, said here today. ... More

War of the roses hurts exporters
CONSIDERED the rose capital of India, Bangalore has started feeling the pricking of thorny competition in the international market with countries such as Kenya, Australia and Israel posing a serious threat to India's position as exporter of ... More

Promotion council for SEZs, EOUs
THE Government today announced the setting up of a separate Export Promotion Council (EPC) for 100 per cent export-oriented units (EOUs) and units in the Special Economic Zones (SEZs), even though there is already an exclusive umbrella ... More

STANDARDS & BENCHMARKS


When will we have e-democracy?
AT A TIME when transparency in decision-making, good public governance and corporate governance are becoming the norm in many parts of the developed world, governmental decision-making in India is still shrouded in mystery. Accountability ... More
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Top Stories
A paradox of poverty and plenty


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When will we have e-democracy?

Human kidneys grown in mice

Strong rupee set to hurt cos' earnings

Wheat output may plunge on poor sowing, climate

Despite claims, RIDF is a flop

In Focus
Inside China

Gujarat Elections
Stock scam unravelling
Red signal for Chinese silk
Petrol pump controversy
Small Investor
In Depth
Gender Justice
Simple Economics
India Interior
Consumer Notes
Looking back
Dec. 15-Dec. 21
Bio-diversity Bill: Choking bio-piracy or research?

Piracy deals blow to music industry

Ascon survey shows rise in industrial output

Divestment panel draws roadmap for TCIL — `Merge Semiconductor Complex with a PSU'

It's destination biogenerics for pharma

Diesel sales dip in November

`Kautilya's may be alternative model'

Rs 11,000-cr gap in direct tax collections

Withering orders dry up flower exporters' coffers

Specific duty for petrol, diesel likely


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