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Thursday, April 24, 2003
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INDUSTRY & ECONOMY

ENVIRONMENT


Study calls for easing of CRZ norms in Kerala
THE local self-governments and the State agencies have failed to convince the Central authority to classify the most populous and built-up areas such as Chellanam and Nayarambalam in Ernakulam district under CRZ II instead of CRZ III. This ... More

EXCISE AND CUSTOMS


CAG finds fault with Customs on seized goods sale
ALTHOUGH the large value of goods seized by the Customs required to be disposed of, the department has not developed an efficient and cost-effective mechanism for this purpose with the resultant delayed or non-disposals leading to loss and ... More

CAG pulls up Govt for revenue loss on MRP-based excise duty
THE Comptroller and Auditor General of India (CAG) has come down heavily on the Government for the sloppy manner in which it has gone about in the implementation of the maximum retail price (MRP)-based system of levy of excise duty. "The ... More

TN: Registration for Cenvat crosses 2000 mark
THE number of applications for excise registration by the textile manufacturers and trade under the new `Cenvat' system in Coimbatore Central Excise zone has shot past the 2000 mark. Of this, the excise department has already issued the ... More

FOREIGN TRADE


`Downside risks on prediction remain large' — WTO pegs global trade growth at 3 pc
WTO's Director-General Dr Supachai Panitchpakdi warned that this "uncertainty is detrimental to economic growth and development and can give rise to greater instability across the globe. More

HEALTH


International airlines told to follow rules for detecting SARS
EVEN as international airlines are increasingly cancelling flights to countries affected by the Severe Acute Respiratory Syndrome (SARS), India is taking no chances and has asked international airlines operating to the country to `strictly ... More

Meetings on tightening SARS control today
THE Union Government has lined up a slew of meetings on Thursday to tighten the loose ends of SARS surveillance and follow-up action. An inter-ministerial meeting between the Union Health Ministry and other Ministries including that of Civil ... More

INFRASTRUCTURE


Conducive climate for investment pays off in AP
SUSTAINED efforts by the State Government to create the infrastructure and the necessary climate for investment has begun to yield results and there would be heightened investments as we go along, a senior official in the State Industries ... More

PETROLEUM


TN ethanol programme still in limbo
SIX sugar mills in Tamil Nadu have submitted bids to supply anhydrous ethanol to the oil companies, which are expected to commence sale of ethanol-blended petrol in June. It is a moot point whether these mills can participate in the tender, as ... More

Retail outlets: IOC seeks nod for joint venture
TAKING a leaf off Oil and Natural Gas Corporation's (ONGC) business strategy, Indian Oil Corporation (IOC) has sought permission from the Government to set up a joint venture company in the private sector for undertaking the crucial business of ... More

PHARMACEUTICALS


  • Rate cut on drugs under VAT hailed

    PLASTICS


    Hyderabad to host meet on plastics
    THE Federation of Andhra Pradesh Chambers of Commerce and Industry (Fapcci), in association with the Small Industries Services Institute (SISI) and Andhra Pradesh Plastics Manufacturers' Association, is holding a national seminar on `Plastics - ... More

    POWER


    TN misses deadline for T&D profit centres
    TAMIL Nadu has missed the deadline it had committed itself to for creating profit centres within the transmission and distribution in the Tamil Nadu Electricity Board. This is pointed out in a ranking of the power sector in the States carried ... More

    Oppn in RS seeks 81 amendments to Electricity Bill
    THE Opposition members of Parliament in the Rajya Sabha have sought 81 amendments to the Electricity Bill 2001, which was recently passed by the Lok Sabha. This, however, is unlikely to obstruct the smooth passage of the Bill. The Congress, ... More

    TAXATION


    Industrial incentives to continue in VAT regime
    IN a complete reversal of stance, the Empowered Committee of State Finance Ministers on Value Added Tax (VAT) on Wednesday decided to allow States that are adopting the sales tax exemption scheme to continue with the scheme even after the ... More

    Protest against self-assessment scheme in Karnataka
    THE controversy regarding the implementation of the self-assessment scheme (SAS) for the levy of property tax took a new turn with the people of Ullal and Permannur deciding to launch an agitation against the scheme. The people of the area, ... More

    Anti-war, anti-tax
    PROTESTS take varied forms — from chakka jam to facemasks, from Dandi march to violence and killing. What can taxpayers do if they want to express protest? While most Indians would choose to suffer in silence, by paying taxes and not ... More

    TEXTILES


    Registration norms eased for yarn, fabric traders
    THE Government has relaxed the pre-condition of registration for the traders of yarns and fabrics who pass on the credit of the duty paid on goods sold by them. A doubt has been raised as to whether the Central excise registration was required ... More

    COAL


    Ministry gets tough with coal washeries
    THE Union Ministry of Coal and Mines wants to see all existing coal washeries under the management of different subsidiaries of Coal India Ltd (CIL) run profitably or else they would be closed down. The Ministry feels that running washeries is ... More

    RADIO/TV


    Broadcasters discuss CAS with policy panel
    TOP broadcasters including the Zee Telefilms Chairman, Mr Subhash Chandra, and the Star chief, Mr Peter Mukherjea, on Thursday met the Parliamentary Standing Committee on Information Technology headed by Mr Somnath Chatterjee to discuss the issue ... More

    EDUCATION


    `Indian students flocking to US varsities despite recession, 9/11'
    An interesting trend being witnessed was that more number of students from smaller cities and towns in the country were coming forward to go abroad in pursuit of higher education. More

    TRADING


    Kochi traders protest move to merge clearing houses
    A PROTEST march was organised on Wednesday in Fort Kochi by the action council led by the Indian Chamber of Commerce against the shifting of Kochi clearing house currently functioning in the SBI at Kalvathi, Fort Kochi, to Ernakulam. The bank ... More

    SMALL SAVINGS


    EPF trustees' meet on rate cut inconclusive
    THE Government seems to be in no hurry to effect a cut in the interest rate to be credited on Employees Provident Fund (EPF) deposits for 2003-04, with a sub-committee set up by the Central Board of Trustees (CBT) of the EPF Organisation (EPFO) ... More

    FOREIGN DIRECT INVESTMENT


    Cabinet defers decision on hiking FDI limit
    THE Cabinet today deferred taking a decision on increasing the FDI limits in several sectors. Official sources said "the issue did not come up for discussion". However, sources said the proposal to hike the FDI limit in the domestic civil ... More

    WTO


    `Cancun should not add new issues to Doha Agenda'
    THE forthcoming fifth Ministerial meeting of the World Trade Organisation (WTO) at Cancun in Mexico in September this year should concentrate on the successful completion of the Doha Development Round which was launched in 2001, the Director ... More

    EXPORTS & IMPORTS


    USFDA to bring in stringent measures to regulate imports
    THE US Food and Drug Administration (USFDA), which had issued two proposed rules on bio-terrorism legislation signed into law last year, proposes to issue two other rules shortly and all the four rules carry an implementation date of December 12, ... More

    BPO wave takes Karnataka IT exports up 28 pc
    RIDING high on the strong business process outsourcing (BPO) wave, IT exports from Karnataka have registered a 28 per cent growth to touch Rs 13,754 crore for 2002-03, even as the country's technology capital, Bangalore, continued to attract ... More

    TOURISM


    Promo to showcase Kerala's beauty
    `GOD'S own country', will soon have a new meaning when Kerala Tourism unveils its new advertising campaign. Unlike past campaigns that celebrated the natural beauty of the State, the new campaign will highlight Kerala's tradition of embracing ... More

    `Tourist Police' on the anvil in AP
    AFTER tourist guides, its now tourist police in Andhra Pradesh, who will take up the task of not just providing security but also spreading awareness. The initiative started by the Andhra Pradesh Tourism, will create a special force to guide ... More

    Himachal keen to promote tourism
    THE Himachal Pradesh Government plans to celebrate the centenary of the Kalka-Shimla train in a big way, the State Tourism and Civil Aviation Minister, Major Vijai Singh Mankotia, said here today. Addressing an interactive meeting on `Renewable ... More

    STANDARDS & BENCHMARKS


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    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
    Truckers' Strike
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collections
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Railway Budget
    Budget 2003-04
    Books and Reviews
    Looking back
    Apr. 13-Apr. 19
    Prasar Bharati plans to offer DTH services

    Petroleum product prices in post-APM era — Panel asks Govt to rationalise duty structure

    India Inc in hiring mode

    Car sales up 15.2 pc in March

    Strategic sale of public sector undertakings — Norms laid for management/employee bids

    CCD decision on preference to SCI irks shipping sector

    Escap sees scope for 7% GDP growth

    Industrial recovery hinges on revival of investment: Study


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