Financial Daily from THE HINDU group of publications
Saturday, February 01, 2003
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INDUSTRY & ECONOMY

RESEARCH & DEVELOPMENT


ICMR to set up Rs 200-cr animal resource facility
THE Indian Council of Medical Research (ICMR) has proposed to set up the national animal resource facility in Hyderabad at a cost of about Rs 200 crore to meet international norms for biotech and pharma products and the State Government has ... More

BUDGET


Budget poll shows optimism
WHAT would the forthcoming budget be like? `Middle-of-the-road' — says a staggering 72 per cent of the CEOs polled by the global market research major NFO-MBL India. The poll conducted in Delhi, Mumbai, Kolkata, Chennai and Bangalore ... More

ECONOMY


April-Dec fiscal deficit declines
BUOYANT revenue collections have enabled the Centre to restrict its fiscal deficit for April-December 2002 to Rs 86,269 crore, as against Rs 89,014 crore during the corresponding nine months of the previous fiscal. Moreover, the fiscal deficit ... More

PETROLEUM


Petrol, diesel prices up 40 paise
THE consumer will be paying around 40 paise more for every litre of petrol and diesel purchased from Friday midnight . The oil marketing companies have raised the consumer prices of the two mass consumption products owing to the recent spurt in ... More

POWER


Govt to hold talks with GE, Bechtel on Dabhol
THE Government is scheduled to hold meetings in the coming week with GE and Bechtel, promoters of Dabhol Power Corporation (DPC), to restart power generation from the project. ``GE has asked for a meeting next week. I have received a ... More

STEEL


Steel industry facing challenges — `Only fittest will survive'
The report identified trade actions coupled with stagnancy of domestic steel demand as two of the biggest problems facing the steel industry. More

`Tap domestic market fully'
"The Indian steel industry has no option but to be cost-effective and globally competitive — we have to prepare ourselves to face a competitive and challenging world." More

TAXATION


Compensate States for implementing VAT: CM
`The compensation should be on a continuous basis since State Governments would totally lose the benefit from CST.' More

COAL


UK mining equipment industry upbeat on India
THE British mining equipment industry expects a brisk growth in business, especially with an almost 50 per cent increase planned in the quantity of coal mined in India. As it is, a UK company has supplied the latest technology in coal mining to ... More

EDUCATION


IIT-KGP to have wider interface with industry
THE number of students pursuing under-graduate and post-graduate courses at the Indian Institute of Technology, Kharagpur (IIT-KGP) is set to go up to 5,000 by 2005 from 3,500 at present. Towards this end, infrastructure at the campus in ... More

Vastu centre earns its keep
THE Vastu Vidhya Gurukulam, an educational and research establishment of vastu, the traditional science of architecture, and mural paintings has become the first such institution in Kerala to become self-sufficient, besides being the one to set ... More

FOODS & FOOD PROCESSING


Global food tech meet in Hyderabad
THE second International FoodTec 2003 exhibition with nearly 80 participants, including 15 global food companies will begin on Saturday at the recently developed HITEX grounds. Organised by the CIDEX Trade Fairs, Koelnmesse International and ... More

LEATHER


CLE hopes to raise export share to 4%
THE Council for Leather Exports is optimistic that despite the constraints, India's share of export in the global leather trade would increase from 2.6 per cent to 4 per cent by the end of the Tenth Plan. Stating this at the inauguration of the ... More

DISINVESTMENT


`Centre not expediting airport privatisation' — Bombardier keen on Bangalore metro
CANADIAN major, Bombardier International, is looking at the possibility of participating in building a metro transit system and opening an R&D centre in Bangalore, the Chief Minister, Mr S.M. Krishna, today said. Addressing newspersons here, Mr ... More

WTO


Ministry ready with list of non-tariff barriers
THE Commerce Ministry is ready with a roster of the various non-tariff barriers (NTBs) confronting Indian exporters abroad as the deadline for submission of such a list to the World Trade Organization (WTO) under the market access negotiations ... More

NATURAL CALAMITIES


Govt to demand Rs 2,027 cr as drought relief
THE Tamil Nadu Government will request the Centre to pay Rs 2027.53 crore as compensation for drought damage. Replying to the debate on the motion of thanks to the Governor's address, the Chief Minister, Ms Jayalalithaa on Friday said the ... More
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