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Monday, March 03, 2003

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INDUSTRY & ECONOMY

RESEARCH & DEVELOPMENT


Textile research bodies' conference
COIMBATORE: The 44th joint technological conference of the country's four premier textile research associations (TRAs) will be held on March 8 and 9 at South India Textile Research Association (SITRA) here. The conference to be held ... More

AUTOMOBILES


Auto industry gears to tap opportunity — Bangalore to host meet on telematics
Telematics in the auto industry alone has great opportunities, touching a range of functions like engine performance monitoring, emission level measurement, transmission control, navigation, safety and remote diagnostics. More

Growth-oriented Budget: SIAM chief
MR R. SESHASAYEE, Managing Director, Ashok Leyland Ltd and President, Society of Indian Automotive Manufacturers (SIAM), has welcomed the Budget, saying that it is growth-oriented. Mr Seshasayee said that the Budget clearly addressed three ... More

BUDGET


Education tax: `Giving with one hand, taking with the other'
`Acquiring quality education for the middle class is becoming an increasingly difficult proposition. We will now have to pay a premium for the coaching classes also.' More

`Debt swap scheme to strengthen State finances'
Among other things, the budget captures the need for an in-depth infrastructure development leveraging public and private efforts in the matter of construction of ports, airports, water, sanitation, railways and transport. More

CONSUMER ELECTRONICS


Consumer electronics industry feels let down
DESPITE sops being given to certain segments of the consumer electronics industry in the Union Budget 2003-04, the captains of the industry are far from happy. Mr Rajeev Karwal, President of the Consumer Electronics and TV Manufacturers ... More

ENVIRONMENT


  • Kerala: PCB to probe source of smell

    FOREIGN TRADE


    `Scope to expand Indo-German trade'
    THE possibilities for boosting trade ties between India and Germany are bright, said Dr Dietrich Kebschull, Director, Indo-German Export Promotion Project (IGEP). In areas such as jewellery manufacture, India can be an extremely competitive ... More

    German President to visit Hyderabad
    THE President of the Federal Republic of Germany, Mr Johannes Rau, will visit Hyderabad from March 4 to 6. The three-day visit is expected to give a fillip to several initiatives in the pipeline. The Andhra Pradesh Government has been making a ... More

    HEALTH


  • Karnataka: Health project to be completed soon

    HOTELS


  • `Big boost to hospitality sector'

    INFRASTRUCTURE


    TN urban bodies using pooled finance to tap debt market
    For the Water and Sanitation Pooled Fund, registered as a trust by the Tamil Nadu Government, the Tamil Nadu Urban Infrastructure Financial Services Ltd will act as the trust manager. More

    PSU


    PSEs seek exemption from dividend tax
    PUBLIC sector enterprises (PSEs), especially the large profit-making ones that are entirely Government-owned, are slowly realising the burden that the 12.5 per cent dividend distribution tax may impose on their business operations and cash flows. ... More

    PETROLEUM


    LPG, kerosene subsidy to make the consumer pay
    ON the face of it, the Budget has proposed a 45 per cent increase in the subsidy on kerosene and LPG to Rs 6,300 crore this fiscal over the previous year's figure. However, if last year's global oil market conditions prevail this year too, and ... More

    POWER


    Vijayawada thermal plant gets CEA nod
    The thermal power unit is based on super-critical technology that improves the efficiency of the plant by about 2.5 per cent compared to the existing sub-critical technology. More

    TAXATION


    VAT's the matter
    It is more than unfortunate that the issue of VAT is not being adequately debated in the Legislative Assembly. There are opposing views on the role and significance of VAT. More

    Karnataka's share in Central taxes pegged at Rs 3,145 cr
    KARNATAKA'S share in the Central taxes and duties has been pegged at Rs 3,144.76 crore for the next fiscal year, a 3.4 per cent increase over the budget estimates of this year. For the current fiscal year (2002-03), the State's share is Rs 3,041 ... More

  • Call to defer VAT Act
  • Market cess on gherkins to go

    TEXTILES


    Kolkata textile traders unhappy over VAT
    If VAT is to be introduced, it should be done on items which are already under the ambit of sales tax in the larger interest of administration, smooth distribution and consumer interest. More

    SSI


    Dereservation of 75 SSI items flayed
    THE reaction to the Union Budget 2003-04, is mixed. While there is an overall appreciation among the trade and industry circles here over the effort to put money in the hands of the consumers on the one hand and take bold and pragmatic steps to ... More

    Budget disappoints SSI sector
    THE small scale industry sector seems to be disappointed by the Union Budget as neither the Economic Survey nor the Budget has spelt out anything for the development of this segment which makes significant contributions to the economy. "This ... More

    TN: Applications invited for SSI award
    MADURAI: The Madurai District Tiny And Small Scale Industries Association (Maditssia) has invited applications from the small-scale industries from the nine southern districts for the eleventh Viswesaraya Annual Award for 2002, for the ... More

    WATER


    Vizag civic body nod for water project
    THE ground for executing the Rs 340-crore Visakhapatnam industrial water supply project has been prepared, with the Vizag municipal corporation passing a resolution unanimously this week to participate in the project. The project — to be ... More

  • HUDCO water scheme in Kerala

    RAILWAY BUDGET


    `More funds for railway manufacturing units'
    Thrust had been given in the Budget to attract freight and passenger traffic and hence the fares were not increased. The railways wanted to compete with the roadways and as well as the airways. More

    EDUCATION


  • Karnataka's bid to achieve 80 pc literacy

    LEATHER


  • CLE hails deservation

    MINING & QUARRYING


    KIOCL bid to get mining lease
    MANGALORE: In its attempts to ensure its survival after it stops mining in 2005 as per the orders of the Supreme Court, Kudremukh Iron Ore Company Ltd (KIOCL) is continuing to try and get a mining lease for the Ramanadurga deposits in the ... More

    INTERVIEW


    Jaswant moves on from Kelkar
    FOR all intents and purposes, the Kelkar committee report is now a closed chapter as far as the Government is concerned. Whatever recommendations were practical, such as over 90 per cent of the recommendations on indirect taxes as also the ... More

    `Excellence should become a byword for what India does'
    WHEN a man is down, he knows the only way he can go is up. Mr Jaswant Singh feels the same way about the economy. With a negative growth in agriculture, we have managed a GDP growth rate of 4.4 per cent, he stresses. That would have been six ... More

    EXPORTS & IMPORTS


    More I-T sops on anvil for global exporters
    EXPORTERS who were agonised over the absence of relief on the phase out of tax exemption of export profits under certain provisions of the Income Tax Law have some cause for cheer. The Finance Bill, 2003 has a new provision that would in ... More

    ALTERNATIVE MEDICINES


    `Tap traditional knowledge for development'
    KERALA, which is known the world over for its traditional knowledge systems such as Ayurveda, must learn to leverage these age-old practices to ensure sustainable development, said Dr D.N. Tewari, Member of the Planning Commission. He was ... More

    TOURISM


    KTDC improves fiscal performance
    THE public sector Kerala Tourism Development Corporation (KTDC), which owns the largest hotel chain the State, has braved the recession in the global economy to come up with improved performance during the first three quarters of the current ... More

    `Nothing much for tourism sector in Budget'
    THE sops given to the hotel industry and the withdrawal of expenditure tax has fallen below the expectations of tour operator associations. Mr I S Wahi, the President of the Indian Association of Tour Operators, the national body of tour ... More

    PEOPLE


    Mammen Mappillai passes away
    MR K.M. Mammen Mappillai, Chairman and Managing Director, MRF Ltd, died in a city hospital this evening following a brief illness. He had undergone a heart surgery a week back. He was 80 and is survived by his wife, two sons and a daughter. His ... More
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    `Excellence should become a byword for what India does'

    KSRTC begins conversion to LPG-run buses

    Education tax: `Giving with one hand, taking with the other'

    In Focus
    Run-up to Budget
    Kelkar Report
    Bottled water: How safe is it?
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    Housing Fin. rate war: Bonanza for consumers!
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collections
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    Feb. 23-Mar. 1
    Anti-dumping duty on China-made metal torches

    Study on diabetes unearths bitter truths

    Traditional items, engg goods dominate export basket — Account for 18% growth in April-Nov

    Ministry may grant Rs 30 cr for leather park in Bengal

    Chambers' reaction mixed

    Budget breathes new life into pharmaceuticals sector

    Jaswant leaves more money in salaried pocket

    Dividend tax, capital gains tax to go — Capital markets get a lift

    Price cuts drive auto into top gear

    CST cut to hurt States by Rs 5,000 cr

    Style & substance true to form

    Want better roads? Pay 50 paise more for diesel, petrol


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