Financial Daily from THE HINDU group of publications
Thursday, June 19, 2003
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INDUSTRY & ECONOMY

EMPLOYMENT


AMP Sanmar to help in rural job generation
AMP Sanmar Assurance Company Ltd, the life insurance joint venture of the Chennai-based Sanmar group with AMP of Australia, has entered into a strategic alliance with the State Government for helping it in its efforts to generate rural employment ... More

CLIMATE & WEATHER


Monsoon active in Dakshina Kannada
MANGALORE: With the South-West monsoon now seeming to have picked up after an initial delay, the Dakshina Kannada district has recorded 1,123.7 mm of rainfall between June 8 and June 17 compared to 1,397 mm during the same period last ... More

ECONOMY


9.4 m.t. grains given under food-for-work programme
THE Union Government has distributed 9.4 million tonnes of foodgrains from the buffer stock as part of wages under the wage-employment programmes. These foodgrains have been given free of cost to the State Governments to take up food for work ... More

ENVIRONMENT


Global protocol sought to protect urban lakes
GIVING a major thrust to the efforts to protect lakes in urban areas world over, the three-day International Workshop on Urban Lakes, which concluded here on Wednesday, has called for establishment of an international protocol and setting up of ... More

EXCISE AND CUSTOMS


Car excise duty halved for disabled persons
THE Finance Ministry has reduced the basic excise duty imposed on cars for physically handicapped persons from the current level of 16 per cent to 8 per cent. Sources said that such cars have also been exempted from the one per cent national ... More

PSU


CAG puts Kerala PSU losses at Rs 364 cr
The Kerala State Road Transport Corporation, with an accumulated loss of Rs 898.77 crore, came in for special mention in the report. More

PETROLEUM


GAIL strikes oil, gas in Cambay
GAIL India Ltd has struck oil and associated gas at an onshore block near Ahmedabad in the Cambay basin, Mr Ram Naik, Union Minister of Petroleum and Natural Gas, has said. This is the first oil-find by GAIL which has been exploring for oil ... More

GAIL plans pipeline to supply Petronet's LNG
GAIL India plans to lay a Rs 616-crore pipeline to transport natural gas from Petronet India Ltd's upcoming 5 million tonne Dahej terminal in Gujarat to industrial and domestic users up to Uran and then to Pune on the West coast. The gas ... More

POWER


Monsoon weak in Kerala's catchment areas
THE southwest monsoon is playing out its `shock and awe' display true to fashion in the northern districts leaving a worried Kerala State Electricity Board (KSEB) wondering if it would take too long for the weather gods to trigger the ... More

Call to review levy on generator produced power
THE Tamil Nadu Foodgrain Merchants Association has urged the State Government to reconsider its recent order of levy of tax on generator-produced electricity by trade and industry. The Association Secretary, Mr V. Dhanasekaran, in a statement ... More

Electricity Act, a threat to SEBs: Bengal Minister
THE West Bengal Power Minister, Mr Mrinal Banerjee, has expressed apprehension over the survival of the West Bengal State Electricity Board (WBSEB) in view of the new Electricity Act. During an interaction with members of the Bengal National ... More

SUGAR


Ethanol pricing issue — TN Sugar mills seek State, Centre's intervention
THE South Indian Sugar Mills Association in Tamil Nadu hopes to meet with State Government officials and the Union Petroleum Minister, Mr Ram Naik, to urge their intervention in reaching a settlement on ethanol pricing issue for supply to oil ... More

WATER


It's between UV, RO in water treatment
IT'S a water-war out there, with corporates in the water-treatment business subtly influencing consumer psyche to overhaul their old water filters, with more efficient and specialised systems. And the biggest casualty in this tussle is said to be ... More

HUDA plans to restore 50 pc of polluted lakes
THE Hyderabad Urban Development Authority (HUDA) on Wednesday resolved to restore 50 per cent of the highly polluted lakes in and around the city by 2006, make them self-sustained over a period of time in order not to allow them to fail ... More

Rs 748 crore for Krishna water project
WHILE directing that the financial closure of the Krishna water supply project be achieved at the earliest, the Andhra Pradesh Government has approved the revised project cost of Rs 748 crore, which includes a 30 per cent margin money of Rs 225 ... More

COAL


Bengal mulls tie-ups with pvt players for coal mining
DESPITE the fact that the Left Front Government in West Bengal is against privatisation of the public sector coal companies, it has no qualms in proposing development of coal mines jointly with private promoters. This is evident in the State ... More

RADIO/TV


Pay channels meet draws a blank — Govt threatens Cable Act changes for smooth CAS rollout
THE over two-hour-long meeting between the broadcasters and the multi-system operators (MSOs) seemed to be straight out of the saas-bahu soaps, with both parties failing to arrive at a consensus on pricing of pay channels. And in ... More

`Regulator must for pay channels under CAS'
THE former Telecom Secretary, Mr Shyamal Ghosh, has presented a strong case for bringing pay channels in the conditional access system (CAS) regime under a regulator with a view to protecting the interests of consumers. Mr Ghosh, who was here ... More

EDUCATION


  • Refresher course in remote sensing

    REAL ESTATE & CONSTRUCTION


    Bengal Silver Springs project gets conditional NOC
    THE controversial Bengal Silver Springs Projects Ltd, a Rs 100-crore housing project in the city which was slapped with a work stoppage order on environmental grounds, has been given a provisional `no-objection' certificate (NOC) by the West ... More

    INDUSTRY ASSOCIATIONS


    Assocham to focus on Chinese partnerships
    A 10-MEMBER Assocham team accompanying the Prime Minister's delegation to China proposes to focus on formation of partnerships with their Chinese counterparts as also to establish contacts with the commodity-based organisations to facilitate ... More

  • Koteswara Rao is Fapcci chief

    KNITWEAR & HOSIERY


    Tirupur exporters in fix over Customs circular
    A CIRCULAR of the Customs department, saying that only exports made through the Chennai, Mumbai, Nhava Sheva, Kandla and Kolkata ports would be eligible for export-related benefits such as DEPB and Advance Licence, has put exporters situated in ... More

    DISINVESTMENT


    GAIL divestment at appropriate time: CMD
    THE Union Government will dilute its equity in GAIL India at an appropriate time, Mr Prashanto Banerjee, Chairman and Managing Director, told newpersons on Wednesday. The Government owns 67.34 per cent equity in GAIL India. "It is only matter ... More

    CITU to resist RINL privatisation move
    THE Centre for Indian Trade Unions (CITU) will fight any attempt to privatise Rashtriya Ispat Nigam Ltd (RINL) and it would also strive to secure for the employees wage arrears amounting to Rs 200 crore, now that the financial position of the ... More

    HUMAN RESOURCES


    Site to ease campus interviews
    JUST look at the statistics: Every year, Patni Computers recruited about 700 people from campuses across the country, HLL about 50-70 people, Colgate Palmolive about 30 people, Infosys, Wipro and TCS takes in at least 30 per cent of its new ... More

    EVENTS


  • Seminar on international trade

    EXPORTS & IMPORTS


    `China can be gateway for third country exports'
    A SURVEY conducted by the Federation of Indian Chambers of Commerce and Industry (FICCI) on Indian companies doing business with China has said that China could act as an additional window for third country exports with greater value-addition, ... More

    TOURISM


    Kerala tourism Web site to be updated
    THE State Government has sanctioned an amount of Rs 18 lakh for the development of the Kerala Tourism Web site. According to an official release, the amount will be spent on improving the site, More

    STANDARDS & BENCHMARKS


    `Make BIS autonomous'
    THE role of the Bureau of Indian Standards (BIS) and the Export Inspection Council of India (EIC) against a changing global environment came in for review at a seminar on the `Changing role of standards and conformity assessment in the era of ... More
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    They climb corporate ladder not by quota

    Philips develops diagnostic tools for high-end items

    It's between UV, RO in water treatment

    FIIs put in equities over Rs 1,500 cr in June

    BSNL drops ILD plans, to tie up with VSNL

    Site to ease campus interviews

    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
    Jun. 8-Jun. 14
    Delayed rains hit four PSU fertiliser stocks

    `Grey market dominates VCD segment'

    More to medicine biz than mere profits

    Extended monsoon may be weak on retreat: Expert

    Auto cos on vendor rationalisation drive

    Confusion over I-T deduction on open offers

    Pharma retailing set for makeover

    Textile companies knit a successful show

    Relief for US visa seekers

    Passing of excise duty credit to multiple buyers — New mechanism developed to help powerloom weavers

    Change of port allowed for exporters of hosiery

    UDF moves to fix stamp duty in Kerala at 6 pc

    IIM-B offers courses in international management

    Steel companies fashion turnaround

    How to go to exams without studying


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