Financial Daily from THE HINDU group of publications
Wednesday, May 07, 2003
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INDUSTRY & ECONOMY

ANTI-DUMPING


Dumping duty on metcoke imports extended
THE Finance Ministry has extended the validity of the existing anti-dumping duty on metcoke imports from China up to May 4, 2004. This move comes on the back of a request for extension made by the Designated Authority in the Commerce Ministry, ... More

ECONOMY


`Foresight' into post-war Iraq and oil prices
A NEW report by the Strategic Foresight Group of the Mumbai-based International Centre for Peace Initiatives draws three global scenarios that could arise in the near future, post-US military operations in Iraq and Afghanistan, and co-relates ... More

ENVIRONMENT


`Do more to save Orissa's Olive Ridleys'
THE Dolphin Nature Conservation Society here has expressed concern over the alarming fall in the number of Olive Ridley turtles nesting on Orissa's shores It has sought urgent steps to arrest the trend in order to conserve the endangered ... More

PHARMACEUTICALS


`Flood of launches hits brand building in pharma sector'
The flood of drug launches may have diluted the process of brand building, says Dr V. Mohan More

`Good drive for drug sector but
bumps ahead... '

IT is a healthy route ahead for the Indian pharmaceutical industry, with exports set to be the key-driver in the forthcoming year. But the road overseas is not without its risks, cautions an industry report by ICRA Information, Grading and ... More

POWER


Karnataka clears payment security mechanism — Nagarjuna power project all set for a take-off
THE Nagarjuna group's 1,015-MW power project near Mangalore has now become a reality with the Karnataka Government having cleared the payment security mechanism (PSM), including a State Government guarantee. The PSM demanded by the project ... More

APERC to survey quality of supply — Findings to help fix targets for DisComs
IN an initiative that is expected to help electricity consumers, the Andhra Pradesh Electricity Regulatory Commission (APERC) has decided to commission a survey in June to establish baseline data for quality of supply and customer service. The ... More

SUGAR


  • APCOB payment to cane suppliers

    TAXATION


    We don't want VAT to be vexatious: Jaswant
    THE Finance Minister, Mr Jaswant Singh, has indicated that the value-added tax (VAT) system has been deferred indefinitely. Replying to the debate on the Finance Bill 2003 in the Rajya Sabha on Tuesday, he said that the system could be ... More

    VAT panel to meet Jaswant
    WITH the proceedings in the Rajya Sabha taking up a major chunk of the Finance Minister, Mr Jaswant Singh's time on Tuesday, the crucial meeting between the members of the Empowered Committee of State Finance Ministers on VAT and the Finance ... More

    Lok Sabha adopts Bill on service tax
    THE Lok Sabha on Tuesday adopted a crucial Constitution amendment Bill that would empower the Centre to levy tax on services as specific item of taxation by virtue of a new entry in the Union List of the Seventh Schedule of the ... More

    Delhi seeks to get closer to trading community
    THE Delhi Government has made a slew of changes to its sales tax law that would be a cause for cheer to the Capital's influential trading community. All cereals, pulses including all kinds of rice have been exempted from sales tax, irrespective ... More

    TEXTILES


    Textile exporters face new form of NTBs
    DEVELOPING countries exporting textiles confront now a new form of non-tariff barriers (NTBs), which are manifest in the wake of recent concerns about the security of import shipments and those dealing on environmental management systems and ... More

    Pdexcil seeks excise relief for made-up goods
    THE Powerloom Development and Export Promotion Council (Pdexcil) has said that the recent announcement by the Centre conferring excise duty exemptions to certain textile production processes has skirted the made-up items such as terry towels. ... More

    WATER


    Railneer to appear in Rly platforms soon
    THE Railways on Tuesday began commercial production of `Railneer', its packaged drinking water, and the product will make its appearance at railway platforms in the next 10 days. The first bottling plant, set up at Nangloi in the Capital, was ... More

  • Water level declines in Kerala reservoirs

    COAL


    Coal India arms told to discard manual loaders
    ALL subsidiaries of Coal India Ltd (CIL) have been asked to plan for underground coal mining sans manual loaders by 2005-06. The technology mix for underground production is projected to one per cent manual loading and 99 per cent mechanised ... More

    RADIO/TV


    `CAS deadline violators will be taken to task'
    THE Union Government has reiterated that the July 15 deadline for implementation of CAS (Conditional Access System) in the four metros would not be extended. Disclosing this at a press conference here on Tuesday, Mr Ravishankar Prasad, the ... More

    FM channel for AP by next June
    ANDHRA Pradesh will have a full-fledged FM channel by June next year and three radio stations during the Tenth Plan, according to Mr K.S. Sarma, the Chief Executive Officer of Prasar Bharati. Disclosing Prasar Bharati's plans for the State at a ... More

    Kairali TV plans new programmes
    BANGALORE: Kairali TV is planning to introduce 16 new programmes that will consolidate its image as a "different" channel. A Kairali Viewers' Forum as inaugurated in Bangalore today by the Minister for Civil Aviation, Mr T. John, who ... More

    EDUCATION


  • Company secretaryship exams

    MEDICAL INSTITUTIONS & HOSPITALS


    Brain Spect introduced in Manipal Hospital
    THE nuclear medicine department of the Bangalore-based Manipal Hospital has introduced the revolutionary imaging modality — Brain Spect (single photon emission computerised tomography). A press release here said that diagnostic procedure ... More

  • Don't let co-ops run hospitals: CPI (M)

    REAL ESTATE & CONSTRUCTION


    HC stays plea to demolish cottage in Kodaikanal
    THE Madras High Court has granted interim stay of enforcement of a notice dated March 26 issued by the President, Villipatti Panchayat, Kodaikanal, to a Chennai resident proposing to demolish the building (cottage) bought by him in Kodaikanal on ... More

    INDUSTRY ASSOCIATIONS


    Coimbatore Chamber unhappy with Alliance Air's new schedule
    THE Alliance Air's thrice-a-week direct flight between Chennai and Coimbatore introduced recently will not meet the needs of the business travellers from either Chennai or Coimbatore and may lose patronage in the days to come, says the Indian ... More

    MINING & QUARRYING


    Kerala Govt nod to sand mining draws flak from experts
    THE Kerala Government's decision to grant mining rights to a joint venture company Kerala Rare Earths and Minerals Ltd (KREML) where in a Kochi-based private sector company holds the major stake, has evoked criticism from various circles ... More

    DISINVESTMENT


    EoIs called for SCI sale; bidding norms laid
    The net worth criteria for bidding is hiked to Rs 1,000 crore from Rs. 800 crore in the changed scenario where foreign bidders would be allowed to bid for the entire 51 per cent stake put up for sale without any equity ceiling in consonance with the FDI policy. More

    FOREIGN DIRECT INVESTMENT


    BHP Billiton among FDI plans cleared
    THE Government today cleared foreign direct investment (FDI) proposals worth Rs 63.41 crore. The Minister for Finance and Company Affairs, Mr Jaswant Singh, approved a total of 23 proposals.The proposals cleared include mining major, BHP ... More

    IPR


    Seal of Cotton trademark commercial launch today
    THE Seal of Cotton Trademark is to be commercially launched in India on Wednesday. Products that have this seal will officially hit the stands at stores and retail outlets as well. This is the first time the Seal, promoted by the Cotton Gold ... More

    REGULATORY BODIES & RULINGS


    PowerGrid moves CERC to recover fine from MPSEB
    POWER Grid Corporation of India Ltd has filed a petition with the Central Electricity Regulatory Authority against Madhya Pradesh State Electricity Board for recovering an overdrawal fine of Rs 100 crore. PGCIL filed the petition after the SEB ... More

    EVENTS


    US cotton body to host meet in Coimbatore
    THE trade promoters for the America's extra long staple cotton, PIMA, are meeting the cotton textile trade and industry here on May 8 and 9. The delegation from SUPIMA Association of America, comprising Mr Rodger Glespey of Dunavant, Mr Hans ... More

  • Hyderabad engagements

    EXPORTS & IMPORTS


    Exporters to focus on marketing, diversification
    BUOYED by the strong export performance of 2002-03, the exporting community have pledged to make this year's export thrust on aggressive marketing, diversification of both products and destinations and product innovation with due stress on ... More

    TOURISM


    `India keen on attracting tourists from W. Asia'
    RIDING on the back of a 15.5 per cent surge in international tourist traffic to India since October 2002, the Ministry of Tourism in India is focusing on the Gulf and West Asian market through the biggest participation to date at the Arabian ... More

    Steps to tap Sri Lanka's tourism potential mooted
    The Sri Lankan Tourism Department is organising a travel mart in Colombo on May 17. As many as six States from India had confirmed participation for the event, Dr P. Ramanujam, Secretary, Ministry of Tourism, said. More

    Kerala tourism launches new Web feature
    KERALA Tourism has introduced a new feature on its Web site. Branded `Leading Lights', the new section on the Kerala tourism department's home page (www.keralatourism.org) is intended to introduce ... More


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    Top Stories
    Escorts arm in tie-up for basmati exports — Contract farming initiative takes off with three firms signing deal


    How outsourcing impacts US jobs — ITAA survey shows demand for IT workers at rock bottom

    `Flood of launches hits brand building in pharma sector'

    Textile exporters face new form of NTBs

    `Good drive for drug sector but
    bumps ahead... '


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    In Focus
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    Oil PSUs: Disinvestment dilemma
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collection
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    Apr. 27-May. 3
    Three new SARS cases — Testing time for health officials

    Exports bring cheer to auto industry — Maruti Udyog spearheads growth

    CII forecasts 6-6.4 pc growth in GDP

    ADB says 6 pc growth possible

    Exports top $50 b in `02-03

    Overall biz confidence index down, says FICCI survey

    Finance Ministry says RBI growth projection realistic

    Protection of pharma cos' research — `Data exclusivity must for consumer safety'

    WHO declares India SARS-free

    `Let us drive growth, not wait for it to happen' — Mr Anand Mahindra, newly-appointed CII President

    Panel suggests homoeo doses for SARS


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