The Hindu Business Line : Friday, June 06, 2003

Kerala: GIM hype evaporates in six months
According to official sources, out of the project proposals announced at the GIM amounting to Rs 26,000 crore, hardly Rs 2,000-crore worth proposals are likely to be implemented this year. More

Karnataka Govt raises Rs 1,208 cr thru Budget borrowings
The reduced borrowing by the State utilities was done partly due to the fall in revenue receipts of the State Government and the insistence of the World Bank for a reduction in all liabilities that could translate into an escalation of the public deb t. More

Kerala: Fiscal prudence Bill to be tabled in next session
THE Kerala Fiscal Responsibility Bill, aimed at bringing down the revenue deficit in phases and controlling Government debt, will be introduced in the coming session of the State Assembly. The Bill, among other things, envisages formulation of ... More

PETROLEUM

Shipping, oil industries on collision course — Age criteria for tankers and CAP ratings
The restriction on hiring tankers imposed by the Petroleum Ministry will also result in lower price realisation for oil PSUs that are exporting products such as fuel oil, which are generally carried by older ships, according to officials. More

STEEL

A champagne year for steel cos
COURTESY resurgent steel prices, the fiscal 2002-03 was a champagne year for Indian steel manufacturers, the norm being high profit or sharply reduced loss. With few worries on the domestic front, export to China getting a leg up from recent ... More

SSI

Banks to give composite loan of Rs 50 lakh to SSIs
SMALL-SCALE units can now get a composite bank loan of up to Rs 50 lakh as against a maximum of Rs 25 lakh earlier. According to the Reserve Bank of India, public sector banks have agreed to enhance the credit limit to help SSI units meet the ... More

RADIO/TV

CAS may make going tough for media cos
LISTED media and entertainment companies, which sailed through the fiscal of 2002-2003 fairly comfortably, could find the going tough in the first half of the current fiscal on account of uncertainties surrounding the implementation of the ... More

INDUSTRY ASSOCIATIONS

Mauritius woos India Inc

OFFICE EQUIPMENTS & SUPPLIES

Ink industry: Not quite the end of the road
With schools fuelling the demand, the fountain pen market though on a slide, is bound to linger for some more years to come. More

HANDLOOM

Handloom discount package

SOCIAL WELFARE

AP draws up welfare plans to cover one crore people
TARGETING about one crore beneficiaries cutting across various sections of society — women, girl child, artisans and more importantly farm sector hands including agriculturalists adversely affected by severe drought conditions, the Andhra ... More

EVENTS

Hyderabad engagements

EXPORTS & IMPORTS

Food safety: Distorting standards that impede exports
THE contrast could not be sharper. The latest annual Exim Policy document is all optimism. But there is much pessimism where exports of agriculture and allied products are concerned. One needs to take a close look at the destination of ... More

Oilmeal exports at new low
SHIPMENT of oilmeals (extractions of oilseeds) in May reached the lowest level in 10 months, raising the spectre of yet another year of poor exports. Data compiled by Solvent Extractors' Association of India (SEA) showed shipments aggregating ... More

TOURISM

Kerala boat show goes international
THE encouraging response to the National Boat Show organised in Kochi in October last year has prompted the Department Tourism to take the show international by rebranding the same as India International Boat Show A spokesman of Kerala Tourism ... More

AP moots special circuits of southern tourist spots
THE Andhra Pradesh Government on Thursday called for setting up of `special circuits of tourist destinations' to attract more tourists into the South and packaging the South as a common tourism brand. Inaugurating the South India Tourism ... More

ECONOMIC OFFENCES

Coal India chief suspended — Under cloud on charges of corruption
Mr Sharma's suspension order was issued by the Ministry on the day when a 10-member parliamentary consultative committee was visiting the city. The committee members are said to have complimented Mr Sharma for the company's overall improved performan ce in the 2002-03 fiscal. More

What went wrong for him
THE decision to suspend the Coal India Chairman cum Managing Director, Mr N.K. Sharma was taken late last night after the Minister for Coal, Mr Karia Munda, discussed the issue with the Prime Minister, Mr Atal Bihari Vajpayee, and apprised him ... More

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