Financial Daily from THE HINDU group of publications
Tuesday, June 03, 2003
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INDUSTRY & ECONOMY

EMPLOYMENT


Plan panel sets up task force on job creation
A target for generation of 50 million new employment opportunities has been envisaged during the Tenth Five-Year Plan, reflecting the commitment of the Government to create 10 million employment opportunities per year. More

CLIMATE & WEATHER


Schools open, but skies don't
MORE than 15,000 schools across the State reopened to uncharacteristically bright sunshine with the southwest monsoon failing to keep the date. Normally, schools open to waves and waves of rain brought in by the rain-bearing clouds floating in ... More

Small mercy
A group of daily wage labourers trying to adjust themselves in the shade of a hoarding in the scorching sun in Hyderabad on Monday. The temperature has touched 44 degree C in the twin cities and 940 people have reportedly died due to the heat ... More

INVESTMENTS


`Investment in gold is a risk management tool'
IF you are one of those stock market aficionados and is feeling quite cheated at the way your portfolio has been performing, then it's time to look at gold. For, a bar of 24 carat gold offered among the best returns in the year 2002 — ... More

CEMENT


Cement output, despatches rise in May
CEMENT majors have mostly reported increased despatches and production, year-on-year, for May 2003. ACC Ltd has reported an increase of 11.4 per cent in cement despatches for the month, at 13.79 lakh tonnes (12.37 lakh tonnes in May 2002). ... More

ECONOMY


Govt to prepay $1.6-b worth bilateral loans
AFTER prematurely retiring high-cost foreign currency loans aggregating around $3 billion from the World Bank and the Asian Development Bank (ADB) in late-February, the Government is now planning to undertake similar prepayment of bilateral debt ... More

Bengal rolls out red carpet for pvt sector
The Chief Minister said it had dawned on many Marxist leaders and hardcore trade unions that industrialisation in the State could not be revved up without private sector participation. More

FOREIGN TRADE


MoU signed for trade with Kazakhstan
KAZAKHSTAN was identified as the best destination for trade in Central Asia on account of a safe business atmosphere by Mr Raviprakash Khemka, President, Indo-Kazakhstan Chamber of Commerce, at a meeting here. At a business meet that featured ... More

HEALTH


Manipal Hospital starts preventive oncology clinics
MANIPAL Hospital, has introduced `preventive oncology clinics' for early detection and treatment of cancer. The weekly clinics will be held on Friday afternoon and will focus on identification of individuals in high-risk groups, prognostic ... More

PETROLEUM


TN: LPG tanker crew stir `has little impact'
DESPITE reports of drivers and cleaners of bulk LPG transport vehicles calling for strike from today, the transport vehicle operators based in Namakkal have claimed that there is no impact of the strike call. They have also clarified that the ... More

PHARMACEUTICALS


Vizag pharma city proposal `sound'
THE proposed pharma city project at Parawada in Visakhapatnam district is well-conceived, as it contains an integral component of a common toxic waste treatment facility for the units, the second one in the State, according to Mr G.V. Raghava ... More

POWER


Tata Power to light up more homes
TATA Power Company plans to increase its retail customers in Mumbai to 50,000 from 17,000 in one-and-a-half years. The company, which has over 8.5 lakh retail customers in Delhi, plans to focus more on the power distribution business. In the ... More

PFC accepts AP model for funding Mangalore project
POWER Finance Corporation Ltd (PFC) has accepted the Andhra Pradesh model payment security mechanism (PSM) for meeting the funding requirements of the 1015-MW Mangalore Power project promoted by Nagarjuna Power Corporation Ltd (NPCL). Sources ... More

Bengal power users plan `bill boycott'
Even as the Calcutta High Court was examining the legality of the principle of uniform tariff, the two utilities were levying a single rate of increase across all consumer classes. More

  • APTransco, power cos prepare plan

    STEEL


    Delhi to host steel meet today
    THE Ministry of Steel, Department of Commerce, Unctad and the Confederation of Indian Industry (CII) are jointly organising a national conference on global steel initiatives here on Tuesday to discuss India's concern on the initiative of the ... More

    WATER


    Water from cleansed lakes soon
    WITH the Rs 200-crore plan to develop lakes and improve urban greenery in the twin cities going ahead as scheduled, the Hyderabad Urban Development Authority (Huda) is getting ready to sell water to industrial units at a "very low price" ... More

    EDUCATION


  • Pegasus' admission schedule

    TELEVISION SETS


    CTV sales dip 3.4% in April — LG, Samsung go with double-digit growth
    IT was the flat television segment that continued to drive growth for the colour television (CTV) industry in April as well. According to ORG-Marg data for the month, while the conventional television market declined by 7.9 per cent during the ... More

    LEATHER


    Leather shoe trade in for a shakeout
    Industry officials indicate that the sharp drop in footwear components exports can be traced to a disappointing performance in leather footwear uppers. European manufacturers prefer to import full shoes to offset rising labour cost at home. More

    KNITWEAR & HOSIERY


    Hosiery workers rally tomorrow — May announce stir plan if talks fail
    THE six central hosiery workers trade unions, which have planned a joint rally in Tirupur on June 4 to highlight the pending knitwear industrial workers wage issue, may use the rally platform to announce a struggle programme including finalising ... More

    JUTE


    Ministry plans to close down all 6 mills of NJMC: TUs
    THE Union Ministry of Textiles has decided to close down all six mills of National Jute Manufactures Corporation (NJMC) Ltd, according to representatives of trade union wings of the workers and officers of the organisation. Addressing a press ... More

    SCIENCE & TECHNOLOGY


    Chemical institute earns Rs 17 cr for project work
    THE Hyderabad-based Indian Institute of Chemical Technology (IICT) has earned Rs 17 crore for project work from both public and private agencies during the fiscal 2002-03. It has also maintained the top slot with 120 overseas patents, among the ... More

    MINERALS


    KMML on expansion spree — Move to scale up presence in global titanium market
    THE State-owned Kerala Minerals and Metals Ltd (KMML), the only grey-gold company in the State public sector, has drawn up a strategy to gradually increase its presence in the global market for high-quality titanium dioxide at competitive ... More

    SMALL SAVINGS


    EPFO plans to set up recovery cell
    THE Central Board of Trustees (CBT) of the Employees' Provident Fund Organisation (EPFO) is planning to set up a separate Directorate of Recovery for provident fund arrears on the lines of the Directorate of Recovery functioning in the income-tax ... More

    IPR


    `Compulsory licensing for drugs augurs well for India'
    AFTER the success of the Doha Declaration, where public health was put above trade concerns — another significant development has been achieved at the World Health Assembly (WHA) recently held in Geneva, with governments agreeing to allow ... More

    RURAL DEVELOPMENT


    PMRY getting closer to target in Kerala
    THE performance of the Prime Minister's Rojgar Yojana (PMRY) in Kerala, the Centrally sponsored scheme that promotes enterprise in the tiny sector of industries, service and business, has improved during 2002-03 with a target achievement of 84 ... More

    EVENTS


    International meet on urban lakes
    THE Hyderabad Urban Development Authority (Huda) is organising a three-day `International workshop on urban lakes' here beginning June 16 to discuss various issues that have a bearing on lakes in major cities. "The ever-expanding cities pose a ... More

  • Hyderabad Engagement

    EXPORTS & IMPORTS


    `IT exports moving up quality ladder'
    THE software and services exports are witnessing an increasingly common scenario of a "reverse technology flow" wherein it is being seen that software companies have higher quality standards than their customers. In an industry update, the ... More

    Edible oil imports may touch 55 lakh tonnes
    EDIBLE oil imports reached a new high during May. According to preliminary estimates from Oilmandi.com, a vegetable oil industry portal, inflows last month totalled 7.2 lakh tonnes (lt), up from 5.0 lt of April. With this, edible oil ... More

    FDA norms irk seafood exporters — Appointment of agent in US seen expensive proposition
    THE stipulation by the USFDA under the soon-to-be implemented Bioterrorism Act, that foreign facilities need to appoint an agent in the US as long as it exports its food products to the US, has not met favour with the seafood exporters in ... More

    April export growth encouraging: DGFT
    THE 8.7 per cent growth in exports (in dollar terms) registered during April this year, viewed against the current global perspective, is not disappointing at all (down from last year's 18 per cent growth for same month), "and we are truly on ... More

    TOURISM


    Domestic destinations turning tourist hot spots
    THE discovery of India by the domestic traveller seems to have begun in right earnest. With the holiday season now on in full swing, Indians are travelling not only to destinations abroad but also to places as Coorg, Ooty, Cochin, Munnar, ... More

    War and virus bring good tidings to domestic tourism
    TOURIST travel each summer also rings in the peak season for the domestic hospitality industry. This year, things have been especially good, owing to the poor sentiment for travel abroad. Much of this outbound traffic has been diverted to the ... More


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    ICT and development: The connectivity barrier

    IRDA directive on commission to boost brokerage industry

    Domestic destinations turning tourist hot spots

    LIC beginning to feel the heat

    Plan panel sets up task force on job creation

    Edible oil imports may touch 55 lakh tonnes

    Retail loans spur PSBs' credit growth

    In Focus
    SARS scare
    The Cable tangle
    Pakistan Diary
    Indo-Pak Monitor
    Indo-China Relations
    Telecom Competition
    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
    May. 25-May. 31
    `Consumer interest to be kept in mind on CAS'

    Ombudsman for consumer durables in offing?

    2-wheelers likely to see value pricing for 2-3 yrs

    Maruti IPO process begins on June 12

    Infrastructure projects — Policies still not conducive for pvt investments: Crisil

    Concern over low returns on pension funds

    Stock valuation for RCF disinvestment — Long-term fert policy, feedstock supply hold key


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