The Hindu Business Line : Saturday, January 25, 2003

Accord likely with Iran for $200-m credit
AN agreement on the extension of credit of $200-million will be signed during the visit of President of Iran, Mr Mohammad Khatami, to India. Reviewing the present status and prospects of bilateral trade and economic cooperation, at the second ... More

ANTI-DUMPING

Dumping duty on citric acid suggested
DOMESTIC manufacturers of citric acid including Citurgia Biochemicals have a cause for cheer, with the Designated Authority in the Commerce Ministry recommending definitive anti-dumping duty on all citric acid imports from Indonesia and Thailand. ... More

ECONOMY

Vision 2020 paints perfect India
WHERE do you envision India to be in the year 2020? A country with 100 per cent literacy, 100 per cent employment and no poverty with a quadrupling of the per capita income! If you think that's far too rosy a picture, think again. For, the ... More

ENVIRONMENT

Law Commission to study laws on ecology
THE 16th Law Commission of India, headed by Mr Justice M. Jagannadha Rao, has taken up the study of environmental laws intended to set up environmental courts in the country. The study on the subject is in progress. This follows the Supreme ... More

PLASTICS

TN proposal puts plastic sector at ease
PLASTIC goods manufacturers in Tamil Nadu have expressed cautious optimism over the Government's proposal to enact a legislation to tackle improper disposal of plastic items. The Governor, Mr P.S. Ramamohan Rao, in his address to the Assembly ... More

STEEL

Govt urged to decanalise high-grade iron ore
CAPEXIL, whose members accounted for total exports of Rs 15,832 crore in 2001-02, has urged the Centre to decanalise high-grade iron ore. In its pre-Exim policy suggestions, the council has pointed out that exporters were facing difficulty now ... More

TAXATION

TN commercial tax collection up 15 pc
For the April-December 2002 period, the total commercial tax collections — sales tax, luxury tax, entry tax, and entertainment tax — amounted to about Rs 7,500 crore against about Rs 6,550 for the same period last year. More

TEXTILES

Textile mills hopeful of good results
THE streak of profitability realised in the early two quarters will run through the third quarter as well for most cotton textile mills, thanks to the raw material price advantage they have derived from the previous season's low priced cotton ... More

Transfer of hank yarn by `bogus' mills unearthed
CAN non-existent textile mills file production memorandums to the Government? Yes, if the going rate of premium for transferring the obligation in the hank yarn production is so lucrative. At least, this is what the hank yarn compliance records ... More

SSI

Training for women in fashion design
THIRUVANANTHAPURAM: The Small Industries Service Institute, Thrissur, under the Union Ministry of Small Scale Industries, will shortly organise a six-week training programme for women in fashion design, hand embroidery and fabric painting ... More

BIO-TECH & GENETICS

Bangalore Bio set to woo international cos
The US commercial service network has also agreed to promote the event, according to the organisers, Vision Group on Biotechnology. More

SCIENCE & TECHNOLOGY

Genetic study of Andamanese sheds light on early migration
GENES can tell many tales. Scientists now believe that these tiny bits harbour many secrets about the human being's evolution as well. In their pursuit to unlock some of the hidden secrets, a global team of researchers led by Indian scientists ... More

ISRO to launch Singapore satellite
THE Indian Space Research Organisation (ISRO) has bagged its fifth launch deal for 100-kg class micro satellites. The latest one formalised on Friday is from Singapore's Nanyang Technological University (NTU). According to the agreement signed ... More

MINING & QUARRYING

KSIDC allays fears on sea sand mining project
It is feared that the existing shortage of sand would worsen to a stage where all construction activities in the State would grind to a halt as early as two years from now. More

DISINVESTMENT

No faith in any target: Shourie
THE lack of political unanimity that skewed the disinvestment drive would deter the Government from achieving its initial target of Rs 12,000 crore through the sale of state-owned shares in several public sector units, the Disinvestment Minister, ... More

Meet on oil PSUs tomorrow
THE Vajpayee Government has chosen the Republic Day to press forward its resolve on the privatisation process by convening a meeting of the Cabinet Committee on Disinvestment (CCD) to finalise the modalities for disinvestment in HPCL and ... More

RURAL DEVELOPMENT

World Bank, ADB to fund rural road project
THE World Bank and the Asian Development Bank have agreed to fund a sum of Rs 2,500 crore for the Centre's Pradhan Mantri Gram Sadak Yojna, which was launched in December 2000 with the objective of providing road connectivity to close to 1.6 lakh ... More

CORPORATE BONDS

Nabard cuts bond interest rate
THIRUVANANTHAPURAM: National Bank for Agriculture and Rural Development (Nabard) has decided to reduce the interest rate on its capital gains bonds from six per cent per annum to 5.25 per cent per annum with effect from January ... More

EVENTS

China to be partner for CII engg fair
BIOTECHNOLOGY, refrigeration, water, railway equipment and telecom will be among the sectors that will come under focus at the CII's biennial International Engineering and Technology Fair (IETF), which will be held in the Capital between February ... More

EXPORTS & IMPORTS

Karnataka to double export share
The State's nodal export agency, Visvesvaraya Industrial Trade Centre, will be strengthened and restructured as the Export Promotion Board of Karnataka. More

Edible oil imports seen rising to Rs 12,000 cr
THE import bill for oilseeds and edible oils is expected to cost the exchequer a whopping Rs 12,000 crore during the current financial year. At present, the country imports around 40 lakh tonnes of edible oils into the country. While the ... More

`Rupee not hurting exports'
THE strengthening of the rupee against the dollar was not affecting exports while the Government was looking at ways to use the rising foreign exchange reserves, Mr Arun Shourie said. "While the rupee has appreciated against the dollar, it has ... More

TOURISM

Lanka planning holiday package to lure Indians
WITH the year 2002 seeing an all-time high of 68,796 Indian arrivals into Sri Lanka, the Lankan Government is all set to embark on an aggressive marketing strategy this year to place the country as the most sought after short-haul destination for ... More

JBIC aid for Ajanta-Ellora conservation
THE Ajanta-Ellora conservation and tourism development project is set to get a major fillip following talks between the Japanese Bank of International Co-operation (JBIC), the Department of Tourism & Culture and the Maharashtra Tourism ... More

ECONOMIC OFFENCES

President gives nod for Money Laundering Bill
THE Money Laundering Bill, 2002, which was passed by Parliament during the winter session ended December 20, 2002, has received the assent of the President, Dr A.P.J. Abdul Kalam. With this assent, the Bill has become legislation and gazetted ... More

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