The Hindu Business Line : Tuesday, January 21, 2003

Lottery traders to protest ban
THE lottery traders in the State will go on a day-long fast to protest the ban on the trade announced by the Tamil Nadu Government, according to Mr Usman Fayaz, President, All-India Federation of Lottery Trade & Allied Industries. At a press ... More

ANTI-DUMPING

Panel for dumping duty on spurious pesticides imports
THE Standing Committee on Petroleum and Chemicals has voiced concern over the issue of questionable quality of pesticides by some foreign companies being dumped into the Indian market at "ridiculous prices without proper backup data on ... More

Dumping duty on graphite electrodes mooted
DOMESTIC manufacturers of graphite electrodes (ultra high power grade) have a cause for cheer, with the Designated Authority in the Commerce Ministry recommending definitive anti-dumping duty on imports of graphite electrodes (UHP grade) from ... More

ECONOMY

Antony hails success of investor meet
SETTING a new trend in the State's investment culture, the two-day Global Investor's Meet (GIM) which concluded on Sunday has turned out to be a big success, as was seen from the response from the investor community. Describing the first ever ... More

`Internal savings, investment can help achieve 8% growth'
MR N.K. Singh, Member, Planning Commission, has said that due to strong fundamentals, the Indian economy has grown at six per cent but the challenge lies in achieving the growth target of eight per cent. He was speaking at a meeting with the ... More

ELECTRONICS

Electronic components expo
BANGALORE: Componex Electronic India 2003, an exhibition-cum-conference of electronic components and production equipment, is to be held here from January 21 to 24. The eighth edition of the meet is expected to attract a large number ... More

ENVIRONMENT

Workshop on waste minimisation
THIRUVANANTHAPURAM: The Environmental Education Centre of the Institute of Human Resources Development (IHRD), in partnership with Hindustan Aeronautics Ltd (HAL), Bangalore is organising a one-day workshop on `Waste Minimisation in ... More

EXCISE AND CUSTOMS

Drawback outflow eats into customs revenue
THE large outflow of drawback reduced the revenue performance at the Chennai Customs House (Seaport) in the first nine months of this financial year. The revenue collection at CCH (Seaport), however, increased by 2.03 per cent in the first nine ... More

FOREIGN TRADE

`High returns in global agency funded projects in S-E Asia'
Multilaterally funded projects offered low risk-high return business opportunities, and the existing trade levels matched with the huge investments flowing into this $535 billion (combined GDP) Asian zone economies offered big scope. More

HEALTH

NPIL to replace nimesulide with `Vah'
EVEN as the debate goes back and forth on the use of nimesulide, a popular fever drug, Nicholas Piramal India Ltd has decided to phase out its version of the drug, Orthobid and replace it with Vah (Valdecoxib), touted to be a "better drug with ... More

POWER

Wireless communication system from APTransco
THE Transmission Corporation of Andhra Pradesh (APTransco) has developed a VHF (very high frequency) wireless communication network throughout the AP power grid and has thereby empowered field staff with wireless sets to help them constantly ... More

STEEL

Fissures over steel cos debt revamp
"If the financial institutions and public sector banks agree to bail out these companies who have not paid in time and bring down the interest rates applicable for them, SAIL too, may deserve the same treatment," a Government source said. More

TAXATION

VAT may turn textiles, sugar, tobacco dearer
COME June and the consumer may have to cough up higher prices for sugar, textiles and tobacco products. The reason: the Centre's proposal `empowering' State Governments to levy sales tax/value-added tax (VAT) on these three commodities, with ... More

VAT regime will mean lower prices, says Govt
THE Government on Monday held that the introduction of a Value-Added Tax (VAT) regime replacing the existing complex sales tax structure would "on the whole" result in lower prices for the consumer. "Under the proposed VAT system, all States ... More

Kerala urged to cut sales tax on ATF
THE Union Minister of State for Civil Aviation, Mr Sripad Naik, has called upon the State Government to take a decision on revising downwards the sales tax on aviation turbine fuel (ATF), which would in turn create the enabling environment for ... More

TEXTILES

`Textile cos focussing on cost-cutting'
THERE is no major investment in the textile industry right now, and large companies are trying to improve capacity utilisation, create economies of scale and improve operating efficiency to increase margins, according to Mr O. P. Lohia, Managing ... More

RADIO/TV

Media city emerging high-growth hub
DUBAI Media City, which turns two on Monday, has beat the global downturn to emerge as a high-growth media hub in the region, with 560 companies currently operating out of its modern premises in the suburbs of Dubai. The city was established to ... More

EDUCATION

Degree in imitation
ANDHRA PRADESH, the most happening State of `geeks, hawks and top corporate performers is ready to show to the world that it is ahead in the area of culture too. The AP Minister for Tourism and Cultural affairs, at a recent `Mimicry Mahotsav', ... More

TAFE director on ISB board

AIR-CONDITIONERS & REFRIGERATORS

Home AC makers seek duty cuts
AN excise rate reduction along with a shift to VAT could spur up to 50 per cent growth in the residential AC market. A McKinsey India study commissioned by RAMA (Refrigeration & Airconditioning Manufacturers' Association) states that these ... More

MEDICAL INSTITUTIONS & HOSPITALS

Antony opens super-speciality hospital
KOCHI: The Chief Minister, Mr A.K. Antony, has inaugurated the super-speciality 350-bed Lakeshore Hospital and Research Centre. Built at a cost of Rs 50 crore, the 11-storied hospital has ultramodern diagnostic and treatment ... More

REAL ESTATE & CONSTRUCTION

Land sharks eye PBC's green initiative in Delhi
PAHARPUR Business Center and Software Technology Incubator Park (PBC-STIP) is struggling to keep land sharks off an environment initiative undertaken by them in the Capital. The green initiative is being poached for the proposed development of ... More

KNITWEAR & HOSIERY

TEA office-bearer dead

DISINVESTMENT

Parliament nod not needed for HPCL, BPCL sale: AG
THE Attorney General, Mr Soli Sorabjee, is understood to be of the view that Parliamentary approval was not required for disinvestment in oil PSUs HPCL and BPCL. The AG's opinion would imply that the Union Government would not have to amend the ... More

IPR

Space tech to map basmati area spread
SPACE technology is now being focussed on the study of the geographical spread of the Indian basmati rice. The scented rice, which brings handsome export rewards to rice traders has of late come under patent controversy with Rice Tec Inc ... More

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