Financial Daily from THE HINDU group of publications
Wednesday, February 05, 2003
Markets (Feb. 04)
BL 2501102.22 (+0.16)
BSE Sensex3278.13 (-1.70)
S&P CNX Nifty1054.80 (-0.50)
Dollar (Buy/Sell)47.74/47.87
Gold Std(10gm)5915 (+50)

News
Features
Stocks
Port Info
Archives


Subscription

Group Sites

INDUSTRY & ECONOMY

RESEARCH & DEVELOPMENT


BEL to unveil Skyshield
BHARAT Electronics Ltd's (BEL) Skyshield 35 Air Defence System will be displayed for the first time during the Aero India air and trade show set to take place here from tomorrow. The radar, part of an impressive electronic arsenal that the ... More

NAL unveils prototype of Saras
THE first of the two prototypes of Saras, the indigenously developed multi-role 14-seater passenger aircraft, was rolled out today. Developed by National Aerospace Laboratories (NAL), with active support from several defence research and ... More

FOREIGN RELATIONS


Meet to promote ties with Australia
"THIS is a wake up call for Australia to look beyond South-East Asia and for India to look beyond the US and Europe,'' said Ms Penelope Wensley AO, Australian High Commissioner to India, at the conference on `Education in the Knowledge Economy,' ... More

COURTS/LEGAL ISSUES


Judicial officers' conference
MANGALORE: The Karnataka State Judicial Officers' Association is scheduled to hold its 11th State-level conference here on February 8 and 9. The conference, which is held once every two years, is to focus on the `effective ... More

System soon to cut arbitration costs
THE Government is evolving a new scheme to make arbitration cost effective, time bound and a meaningful alternative dispute resolution mechanism in order to decongest the courts of civil cases based on mere facts. In this connection, the ... More

ECONOMY


Bengal chalks out plan to get Rs 500-cr additional revenue — Blames Centre for fiscal mess
THE West Bengal Government, which is plumbing the depths of a financial crisis, has chalked out proposals that would garner additional revenue to the tune of Rs 500 crore, even as it put the entire blame for its fiscal mess at the doorsteps of ... More

Fiscal responsibility Bill cleared
THE Union Cabinet today approved a significantly watered down Fiscal Responsibility and Budget Management (FRBM) Bill for introduction in the ensuing Budget Session of the Parliament. Unlike the original FRBM Bill 2000, which was tabled in the ... More

Raja Chelliah for changes in norms for Central fund transfers
"States should be helped to the extent that they are disadvantaged not because of their fault but beyond their control. They should be free to decide their expenditure and revenues themselves. That should not be influenced by what the Centre gives," Dr Raja J. Chelliah said. More

HEALTH


Naidu to inaugurate healthcare meet
THE Asian symposium on healthcare industry, an initiative of the Associated Chambers of Commerce and Industry (Assocham) is being organised on February 10 in Hyderabad. The meet, to be inaugurated by the Andhra Pradesh Chief Minister, Mr N. ... More

HOTELS


  • Bangalore hotels are houseful!

    INFRASTRUCTURE


  • UP wooing private sector

    PETROLEUM


    23 oil, gas deals signed
    THE Government today kicked off a hunt for oil and gas by entering into 23 production sharing contracts (PSC) with oil and gas production companies. The PSCs relate to 23 exploration blocks awarded under the third round of the New Exploration ... More

    Govt hikes oil royalty Gujarat, Assam to be richer by Rs 400 cr
    GUJARAT and Assam have landed a bounty of around Rs 200 crore each this fiscal with the Cabinet today approving a proposal to revise the royalty rate on crude oil from an ad hoc fixed rate of Rs 850 per tonne to an ad valorem rate of 20 per cent. ... More

    PHARMACEUTICALS


    Drug wholesale traders to seek tax relief
    THE Madras Pharmaceutical Wholesalers' Association (MPWA) plans to request the Tamil Nadu Government to reduce the sales tax on drugs to four per cent from the current level of 10.5 per cent during its silver jubilee celebrations next week. In ... More

    POWER


    Unscheduled load-shedding may be inevitable: Mescom
    Mescom hopes to exceed the target of 86,960 meters to be installed this year and all meters in the Mangalore circle are expected to be `metered' by March 31. More

    STEEL


    German steel industry to hold output at '02 level
    THE German steel industry is planning to maintain its 2003 production at the level of 2002, even as the market leader Arcelor is planning to downsize its workforce. Prof. Dr A. Ameling, Chairman of the German Iron and Steel Institute, told ... More

    SSI


    `Raw deal for district small-scale bodies'
    THE Madurai District Tiny and Small Scale Industries Association (Maditssia) has strongly condemned the issue of an order by the Government of Tamil Nadu reconstituting the SSI board without any representation for the district SSI associations ... More

    TRANSPORT


  • Need for Mumbai metro stressed

    WATER


    Pro-green body detects pesticide residues in bottled water
    FOR all those guzzling water from one of the myriad bottled water products in the market,this could make your throat go dry! A study conducted by the Centre for Science and Environment (CSE), a pro-green organisation, has put most of the big ... More

    Diversion of Godavari waters
    VISAKHAPATNAM: The municipal corporation at its special meeting late on Monday evening resolved unanimously to seek an allotment of 2.5 tmc feet of the five tmc feet of Godavari waters to be diverted to the city and the rest would be ... More

  • Water level declines

    RADIO/TV


  • DD to feature live debate on cricket

    EDUCATION


    Drop in funds affecting education quality: Study
    THE decline in the State's financial provisioning for secondary education has badly affected the quality of education and Kerala today ranks a dismal 20th among the States in the country. A working paper published by the Centre for ... More

    Former IBM analyst to head TIS
    TRIVANDRUM International School (TIS), which is largely non-resident funded, will now be headed by Ms Elizabeth Moir, a former IBM systems analyst and founder-head of three international schools. She will be the Executive Director and Head of ... More

    ICSI outlines steps to face challenges
    "Fundamental and structural changes are taking place in the various laws, so shall be the changes in the role of company secretaries," he said. Sharing his priorities and agenda for the year, Mr Vijay said that he wanted to see the company secretarie s as `strategic corporate planners. More

    FOODS & FOOD PROCESSING


    Confectionery industry seeks 8 pc excise duty
    THE confectionery industry has made a representation to the Government to fix the excise duty at 8 per cent on products with a unit price up to Re 1. This segment of the food processing industry, which is the second largest in India with an ... More

    GEMS & JEWELLERY


    Bangalore has potential to be export hub: Jewellers
    The availability of cost-effective skilled labour and peaceful industrial environment in the State are the main reasons to attract entrepreneurs' interests, especially from Mumbai and Gujarat. More

    REAL ESTATE & CONSTRUCTION


    Retail and entertainment take up most realty space
    WITH at least 50 large format retail-cum-entertainment projects across the country in the pipeline this year, there's not just a lot of activity revolving around the retail and entertainment sectors, but these sectors have also emerged as the ... More

    LEATHER


    Leather fair garners Rs 509-cr business
    THE four-day 18th International Leather Fair, which concluded here today, transacted business worth Rs 509 crore. Of this, Rs 501 crore was for imports, Rs 6.4 crore for exports, and Rs 2.6 crore for local business, according to a press release ... More

    READYMADE GARMENTS


  • Meet to promote apparel exports

    TEXTILE MACHINERY


    Will new subsidy scheme help loom producers?
    CAN the domestic manufacturers of shuttleless automatic looms see a ray of hope in the Ministry of Textiles' latest proposal of a credit-delinked capital subsidy (CDCS) scheme? The scheme is intended to pep the indigenous shuttleless loom ... More

    DISINVESTMENT


    Cabinet mum on Govt rights in HPCL post-sale
    THE Cabinet has remained silent on the matter of Government enjoying a veto right once the sale of Hindustan Petroleum Corporation Ltd (HPCL) to a strategic partner is concluded. The issue of veto rights or additional powers to the Government ... More

    `Strike will hit HPCL, BPCL valuations'
    THE Disinvestment Minister, Mr Arun Shourie, has warned that the valuations of HPCL and BPCL would be hit if the workers resorted to a strike protesting the Government's decision to privatise the two oil PSUs. "The strike will reduce the ... More

    WTO


    Panel for state-level review of WTO pacts
    A FACTUAL assessment of the actual impact of WTO-initiated policy on production, employment, food and livelihood security and ecological resources, among others, would help shape a national/regional response and a planned transition towards a ... More

    EVENTS


  • Thiruvananthapuram Engagements

    ROADWAYS


    Lorry owners' conference
    BANGALORE: More than 1,500 lorry owners from across south India will meet in Bangalore this weekend to push for development-oriented policies in the goods transport sector. The Federation of Lorry Owners' Association President, Mr B. ... More

    ENTREPRENEURSHIP


    UN tech transfer centre to boost entrepreneurship
    ENTREPRENEURSHIP in the eastern region is set to receive a fillip with the United Nations' Asian and Pacific Centre for Transfer of Technology (APCTT) opening a wing here headed by an associate. This is the first instance of APCTT setting up a ... More

    EXPORTS & IMPORTS


    Relaunch export profit reserve scheme: FIEO
    WITH the Finance Minister, Mr Jaswant Singh, refraining from holding formal pre-budget meetings with different sections of the society, the exporters are pinning their hopes on the BJP President, Mr M. Venkaiah Naidu, to take up their cause and ... More

    ECONOMIC OFFENCES


    Case against Air India officials — Ministry to vet options
    THE Ministry of Civil Aviation is to examine all options before taking a final decision on the action to be taken against the acting Managing Director of Air India, Mr J.N. Gogoi, and the Deputy Managing Director, Ms Aruna Mascarenhas, for their ... More
    Comments & Letters to the Editor to: bleditor@thehindu.co.in
    Subscribe to: Business Line
  • Pick a Winner Stock Market Contest

    Top Stories
    Cairn Energy strikes oil, gas in Rajasthan


    Ranbaxy launches generic version of anti-AIDS drug

    `We are going ahead with expansion' — Mr Rakesh Govil, Head, Corporate Strategy and Treasury, Moser Baer

    Significant rise in staff cost for IT cos

    VoIP networks set to oust Net telephony

    Pro-green body detects pesticide residues in bottled water

    In Focus
    Kelkar Report
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collections
    2002: A drought year
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    Jan. 26-Feb. 1
    Duty sops offered for Bangladesh goodies

    Bush tax plan a stimulus only for the super-rich

    Steel exporters to strengthen foothold

    Cost-cutting vital for textile sector survival: Study

    Power, Fertiliser Ministries oppose gas price hike

    Economic slowdown hits leather garment exports — Footwear records 7 pc growth

    April-Dec fiscal deficit declines

    Steel industry facing challenges — `Only fittest will survive'


    The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
    Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |

    Copyright © 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line