Financial Daily from THE HINDU group of publications
Saturday, January 18, 2003
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INDUSTRY & ECONOMY

ECONOMY


We must aim for over 8% growth: Rakesh Mohan
INDIA must accelerate growth at a rate above eight per cent to double the per capita income in 10 years in the Tenth Plan, according to Dr Rakesh Mohan, Deputy Governor, Reserve Bank of India. Speaking at the 9th annual financial services ... More

EXCISE AND CUSTOMS


Excise mooted for yarn by non-spinners
CRISIL Infrastructure Advisory has made a case for the imposition of excise duty on yarn processed by processors that do not have spinning facilities (non-spinners), stating that such a measure would ensure a level playing field between the ... More

FOREIGN TRADE


  • Armenia lures Indian investors

    PSU


    Oil PSUs set to pay interim of Rs 2,700 cr to Govt
    IN a sense, it's old wine in a new bottle. Last year, upstream majors Oil and Natural Gas Corporation (ONGC) and Oil India Ltd (OIL) bore a significant part of the subsidy bill on the sale of LPG and kerosene by the oil marketing public sector ... More

    PETROCHEMICALS


    Govt pins hopes on petrochem project
    The complex will have plants for the manufacture of ethylene and propylene and their derivatives and for the separation and purification of by-products. More

    PETROLEUM


    LPG tanker operators call off stir
    THE bulk LPG transport operators in the South have called off their strike with immediate effect following an agreement reached during discussions with BPCL officials in Chennai today on transportation rates. Already, IOC and HPCL officials ... More

    TAXATION


    CST phase-out schedule soon
    IT is now clear that the four per cent Central sales tax (CST) on inter-State sales of goods will continue even after the introduction of the value added tax (VAT) regime with effect from April 1. The CST will not be abolished immediately, but ... More

    Advisory body for salt industry reconstituted
    THE Government has reconstituted the Central Advisory Board with immediate effect to advise the Government on the administration of proceeds of the Salt Cess and also make recommendations for measures conducive to the development of the salt ... More

    TECHNOLOGY


  • Meet on trenchless technology

    TEXTILES


    Hank yarn obligation slashed 20%
    THE Ministry of Textiles has notified a 20 per cent cut in the hank yarn obligation of textile mills with effect from January 1, 2003, in response to the request of the textile industry. At present, every yarn manufacturer `who packs yarn for ... More

    SSI


    SIDBI to run $40-m support fund for small enterprises
    THE Small Industries Development Bank of India (SIDBI) will shortly operationalise a $40 million support fund for small enterprises, according to Mr P.B. Nimbalkar, Chairman, SIDBI. Addressing an interaction meeting organised by the Tamil Nadu ... More

    WATER


  • Water level down in reservoirs

    MEDICAL INSTITUTIONS & HOSPITALS


    Hospital projects advisory on the Net
    HOSPITAL services consultant, Kritical Healthcare Systems & Services, is shortly launching a one-stop online information, education and trade platform for the hospital industry. Said to be the first of its kind, the Hospital Healthcare ... More

    METALS


    `Industrial use of composites inadequate'
    THE Hyderabad-based Composite Centre (International) has initiated a movement to create awareness on the multiple industrial uses of composite materials. According to Mr R.K. Mehta, its Chairman, composite materials are lightweight, tough and ... More

    GENDER


    Earning respect and making a difference
    Women bosses are shattering myths and defying stereotypes. Most feel that though gender equations at the workplace do matter, beyond a point it is a professional approach and job skills that make a difference. More

    DISINVESTMENT


    Eicher, Kirloskar file EoI for Punjab Tractors
    EICHER Motors Ltd has filed an `expression of interest' (EoI) as a consortium member along with New Bridge Capital LLC, a private equity fund, and Eicher Ltd for Punjab Tractors Ltd (PTL). New Bridge Capital is the lead member of the ... More

    SOCIAL WELFARE


  • Rs 112 cr for youth in 10th Plan

    RURAL DEVELOPMENT


    `Rural sector needs more credit avenues'
    IF the rural population has to be gradually freed from the clutches of the moneylender, alternative — mainly official — sources of credit for this segment have to be increased. Talking to Business Line on the sidelines of a ... More

    EVENTS


    Special mechanism for GIM proposals
    THE State Government plans to devise a mechanism which will enable close scrutiny and follow up on the proposals accepted at the Global Investors' Meet (GIM) slated to begin on Saturday. Speaking to newspersons on the eve of the meet, the ... More

    Essential commodities list to be trimmed
    Mr Pant said more commodities were under the active consideration of the Centre for removal from the list of essential commodities. This will, however, be done only thorough discussions with States. More

    12 IT majors to attend meet
    TWELVE major companies, including Microsoft, Reliance Infocomm, Wipro and Infosys, will be sending their delegations to the Global Investors Meet to be held in Kochi on Saturday and Sunday. A number of proposals in the hardware, software and ... More

    APK to hardsell plantation sector
    THE Association of Planters of Kerala (APK) is planning to showcase in a big way the sector at the Global Investors' Meet (GIM) to be inaugurated by the Prime Minister, Mr Atal Bihari Vajpayee, on Saturday. APK said that the plantation sector ... More

    Kolkata book fair from Jan 29
    KOLKATA: Following precedence, the 28th Kolkata Book Fair, organised by the Publishers & Booksellers Guild, will be held from Januray 29 to February 9. According to Mr Kalyan Shah, Secretary of the Guild, around 600 publishers and ... More

    Symposium to study woes of tobacco trade
    THE Indian Tobacco Association (ITA), a body representing the interests of tobacco traders and industry in the country, is organising a three-day international symposium on tobacco from January 23 at its newly constructed modern convention centre ... More

    CONSUMER ACTIVISM


    Consumer body suggests competition policy council
    ADVOCATING the need to effectively implement the Competition Law, the Consumer Unity & Trust Society (CUTS) has recommended the constitution of a National Competition Policy Council (NCPC) to help the proposed Competition Commission of India ... More

    EXPORTS & IMPORTS


    Sensitive items import up 12 pc in April-Nov
    IMPORT of 300 sensitive tariff lines, being monitored by an inter-ministerial "war room" set up in the wake of the removal of all import curbs a year ago, registered a 12-per cent increase during the period April to November 2002 at Rs 8,604.54 ... More
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    Top Stories
    `Rural sector needs more credit avenues'


    Wipro counts out further 186k billing

    Specialist magazines eat into general category

    Tea Board ready to amend order — But wants full-fledged auction system in place first

    Cell cos take interconnect issue to telecom tribunal

    Directors not liable for certain FI defaults

    In Focus
    Stock scam unravelling
    Petrol pump controversy
    Kelkar Report
    Reliance & Telecom Competition
    2002: A drought year
    Gold: Still the winner?
    Oil PSUs: Disinvestment dilemma
    NPAs in Banking
    Q3 Results
    In Depth
    Gender Justice
    Simple Economics
    India Interior
    Consumer Notes
    Books and Reviews
    Looking back
    Jan. 5-Jan. 11
    One award GM can't be proud of

    Big cos move WTO to block essential drugs supply

    Biscuit industry sticks to tried and tested recipes

    `GDP may run upstream thru river link' — Mr Suresh Prabhu, Chairman, Task Force on Linking of Rivers

    Market conditions may not cheer consumer goods majors

    IRDA for more tax sops to encourage savings

    No money for the poor

    PM opens door for dual citizenship — Legislation in Budget session

    OPEC to stabilise crude prices soon — To consider concession for India

    At Maruti TrueValue, older is now better

    Petroleum reserve soon to meet contingencies

    `Investing in health will reassure foreign investors'


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