The Hindu Business Line : Saturday, May 03, 2003

Nylon tyre cord fabric goes off dumping duty
IN a relief to the Rs 9,700-crore domestic tyre industry, the Finance Ministry has discontinued the imposition of anti-dumping duty on nylon tyre cord fabric (NTFC) imports from Indonesia, South Korea, Thailand and Taiwan. This move of the ... More

ECONOMY

Compensation for revenue loss due to VAT — States for more items on concurrent list
The shift to VAT would lead to deterioration in the fiscal situation of most of the States, pushing up their fiscal deficit to State Domestic Product (SDP) ratios in excess of 8 per cent. More

Opinion divided on achieving double-digit growth in 10th Plan
Mr Debroy felt that the Government should perform only four functions — in the fields of education, healthcare, infrastructure and maintenance of law and order. More

ENVIRONMENT

TN issues tender for desalination plant
IN a bid to tide over the water supply problem in Chennai, the State Government has tendered for putting up a seawater desalination plant at Minjur in North Chennai on a design, build, own, operate and transfer (DBOOT) basis. The Government is ... More

Hazardous waste management site planned in Haldia
THE country's third hazardous waste management site is set to come up in Haldia, West Bengal. An agreement has been signed with a Mumbai-based group for setting up this facility. Mr Ravi Kant, member-secretary of the West Bengal Pollution ... More

FOREIGN TRADE

Ties with Pak: Industry looks with hope
EVEN as political moves are being initiated to narrow the differences between India and Pakistan, captains of Indian industry prefer to adopt a `wait-and-watch' approach. The general impression is that "it's too early to comment". "Though ... More

HEALTH

Therapy to ease visual stress
EYES may reflect an individual's personality. But it's the vision, which influences the behaviour of the eyes to perceive and grasp subjects, that needs special care. With this understanding, a Bangalore couple has ventured into vision-based ... More

INFRASTRUCTURE

One more technopark to come up in Kochi
THE State Government has decided to set up one more technopark in Kochi in view of the increase in demand for space from several IT companies, Mr P.K. Kunhalikutty, Minister of IT and Industries, said here on Friday. Suitable land has already ... More

World Bank official to visit aided projects in TN
THE World Bank's Country Director for India, Mr Michael F. Carter, met the Chief Minister, Ms Jayalalithaa, on Friday and had a series of meetings with the Government officials. The visit, according to official sources, is one of routine ... More

PSU

SILK launches steel variant
STEEL Industrials Kerala Ltd (SILK), a public sector undertaking, has introduced what it calls `Silk Steel', a new steel variant, meant for construction purposes. Announcing this here, A SILK spokesman said the company has already tied up with ... More

PETROLEUM

Underground LPG project hits hurdle
THE proposed 60,000-tonne underground LPG storage project here, taken up by Hindustan Petroleum Corporation Ltd and a French company in a joint venture and said to be the first of its kind in the country, has run into one more hurdle. The ... More

PLASTICS

Pursue research in biodegradable polymer: Mashelkar
INDIA must pursue research on biodegradable polymers as many "technological breakthroughs" are possible in this area, the Secretary in the Department of Scientific and Industrial Research, Dr R.A. Mashelkar, said here on Friday. Addressing ... More

TAXATION

Coimbatore motorists irked over green tax
THE proposed levy of an additional road tax in the name of `Green Tax' by the Tamil Nadu Government on vehicles that are relatively old has come under fire. The public have started to doubt the Government's intention over the intended levy, ... More

TEXTILES

Turnover-based excise duty reliefs for textile producers — Fragmentation of units in decentralised sector likely
It is now widely feared that the turnover-based exemption, though intended to benefit the smaller powerloom units/garment units, might trigger fragmentation of the industries in these sectors, as those seeking to get the excise duty benefit would try to artificially expose themselves as smaller units. More

EDUCATION

Education in Australia: A great opportunity but...
In a chat with some Indians in Australia, it is evident that many students break the rule of a foreign student being allowed to work only for 20 hours a week to earn some money to pay for their living expenses. More

Kanchi Sankara Hospital charts medical college plan
GROWING large enough to meet the regulatory criterion set for establishing a medical college is the objective of Sri Kanchi Kamakoti Sankara Hospital. The hospital, a unit of the Sri Kanchi Kamakoti Peetam Charitable Trust, was established last ... More

MEDICAL & SURGICAL EQUIPMENTS

Pharma incubator on the anvil
A PHARMA incubator that will focus on encouraging chemical technology based enterprises has been proposed to be set up in the State. The large pharma and chemical industry within the State badly requires such an incubator wherein common skill ... More

INDUSTRY ASSOCIATIONS

Cash in on SARS-free status, says FICCI
"In the human capital related areas and the industries which require human touch, Indian companies can be called upon to fill the gap because of SARS in some East-Asian countries. The challenge before those who benefit because of gap filling is how t o translate this into trade diversion," Dr. Mitra said. More

CII shortlists cos for rebuilding war-torn Iraq
THE Confederation of Indian Industry (CII) had set up a task force under the leadership of Mr Subir Raha, Chairman, ONGC, to explore participation by Indian companies in the reconstruction of Iraq, Mr Anand Mahindra, President, CII, said here on ... More

READYMADE GARMENTS

Contract labour for garment exports likely
THE Commerce Ministry is considering a contract labour system at least for garment exporting units, if not for the entire textiles and garments sector, the Union Textiles Secretary, Mr S.B. Mohapatra, has said. Labour issues had been identified ... More

DISINVESTMENT

Phased sell-off of REC mooted
THE Disinvestment Commission has suggested sell-off in Rural Electrification Corporation Ltd (REC) in three phases, strategic sale of entire equity in Handicrafts and Handlooms Exports Corporation of India Ltd (HHEC) and closure of State Farms ... More

FOREIGN DIRECT INVESTMENT

Hutchison writes to PM, allays fears on security
AMIDST apprehensions that "national security may be at risk" if the FDI limit in telecom is hiked to 74 per cent, the Hong Kong-based conglomerate, Hutchison Whampoa Ltd, which has committed investments to the tune of Rs 5,000 crore over the past ... More

EVENTS

Hyderabad engagements

INCOME TAX

Electronic filing of I-T returns to be in place by June
THE Central Board of Direct Taxes (CBDT) is working overtime to put in place a system whereby taxpayers across the country will be able to file their returns electronically, saving them the hassle of standing in long queues. In a bid to reduce ... More

EXPORTS & IMPORTS

Karnataka seeks higher share in ASIDE scheme
KARNATAKA has urged the Centre to scale up its export-linked share under the ASIDE scheme on the basis of its software exports. The State Additional Chief Secretary, Mr K.K. Misra, on Friday said Karnataka would be investing in infrastructure ... More

ALTERNATIVE MEDICINES

Panel suggests homoeo doses for SARS
EVEN as the SARS (Severe Acute Respiratory Syndrome) scare is showing signs of spreading fast in the country, a high-level technical committee set up by the Indian Medicine and Homoeo Department (IM&H) has come out with a package of three doses ... More

PEOPLE

Kochi-based consultant among NRDC awardees
AN advanced `Multi-purpose food processor' developed by an Ochanthuruth, Kochi-based consultant, Mr K.X. Benedict, is among those chosen by the National Research and Development Corporation (NRDC) for this year's Technology Day Awards for ... More

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