The Hindu Business Line : Thursday, July 17, 2003

10 major reservoirs run dry despite `normal' rain
WE are six weeks into a "normal" monsoon, but 10 out of the 71 major reservoirs in the country are still running dry. Though recharging has started with the rains, the present water levels in the reservoirs have touched only 16 per cent of their ... More

To school in rain
Despite the monsoon season, Bangalore city has so far been witnessing less rainfall than usual.

LOTTERY

Fortune Lottery upgrades terminal in Kerala

ANTI-DUMPING

Dumping duty mooted on Vitamin-C imports from US, Canada
THE Designated Authority in the Commerce Ministry has recommended definitive anti-dumping duty on import of Vitamin C from the US and Canada. In its final findings, the authority held that Vitamin-C (ascorbic acid) originating in or exported ... More

AWARDS & HONOURS

DRR scientists bag award

ECONOMY

PM urges Bengal to create pro-business environment
The PM urged the Bengal Govt to create a "pro-business and pro-investment environment". For this, the entire Government machinery should gear itself up with a new work culture and a new pro-growth mindset, he said. More

Biz climate positive, says D&B survey
EVEN though the monsoon arrived a bit late, the intensity of the rainfall appears to have removed doubts of the economic growth seen in the first quarter withering away as the year progresses. A survey of expectations of industry by Dun and ... More

EXCISE AND CUSTOMS

`Excise raids show soft option won't help'
EVEN as the Finance Minister, Mr Jaswant Singh, has announced that raids for evading taxes should be conducted only on the basis of credible information, experience seems to show that a sustained campaign against evaders is still perhaps the best ... More

FOREIGN TRADE

Flanders — India Inc's Europe gateway
WHAT do auto majors Ford, Volvo, General Motors and Volkswagen have in common with Indian IT majors TCS, Wipro and Infosys? Simple. All of them have a major presence in Flanders, the northern Dutch speaking region of Belgium, and now it looks ... More

Thailand trade fair opens in Chennai
A HIGH-level delegation from Thailand led by its Deputy Prime Minister, Mr Korn Dubbaransi, will visit India in August to explore multi-sectoral cooperation with India, according to the Thailand Ambassador to India, Mr Chirasak ... More

POWER

Maharashtra in talks to appoint consultant
THE Maharashtra Government is scouting for a consultant to advise it on restructuring the State Electricity Board (MSEB). According to officials, the Government is in talks with leading consultants including PricewaterhouseCoopers, Ernst ... More

TAXATION

Seminar on service tax in Bangalore

BREWERIES

Decision on ready-to-drink alcoholic products put off
The delay on the part of the Government has upset the plans of spirits majors who are keen on introducing their products here during the June-July period. More

RADIO/TV

Star News gets a week's reprieve
THE Government has decided to allow Star News to continue uplinking from India for another week even as the channel confirmed for the first time the exit of Applause Entertainment, a Kumar Mangalam Birla company, from the venture. Mr Suhel ... More

Suhel Seth picks up Birla stake
THE suspense is over. Mr Suhel Seth, an adman from Delhi, has picked up the equity stake in Star News, held by Mr Kumar Mangalam Birla, Aditya Birla Group Chairman. Mr Seth, CEO, Equus Advertising, today confirmed that he has acquired the 25 ... More

EDUCATION

BT to invest 50,000 pounds in school programme
BRITISH Telecom (BT) has committed to invest £50,000 over three years for a community services project to be run by Delhi-based NGO Katha. The project will focus on ICT Education of 125 slum children besides supporting teacher training and ... More

ALUMINIUM

`Aluminium sector poised for 8 pc growth'
THE aluminium sector is poised to grow at nearly 8 per cent annually and domestic companies are in the process of expanding their capacities to cater to the increased demand, according to the Mines Secretary, Mr C.D. Arha. Speaking at a seminar ... More

INDUSTRY ASSOCIATIONS

Chamber seeks steps to boost food exports
FRUITS and vegetables worth Rs 25,000 crore are being wasted at various stages of the food chain, according to a study by the PHD Chamber of Commerce and Industry. In a communiqué issued here, the chamber urged the Government to reduce wastage ... More

DISINVESTMENT

Nalco divestment as per plan, says Ministry
THE Disinvestment Ministry has not called off plans to divest 30 per cent of the Government's holding in Nalco in domestic and overseas markets despite the statement made by the Prime Minister, Mr A.B. Vajpayee, in Bhubaneshwaron Tuesday that the ... More

BPCL public float likely in Feb
THE domestic and overseas offer of shares in Bharat Petroleum Corporation Ltd (BPCL) is likely to be scheduled around February next year after the HPCL deal is finalised, an Inter-Ministerial Group (IMG) on Disinvestment in the oil refiner is ... More

SMALL SAVINGS

Small-savings sector in for a big push in AP
EYEING the target of Rs 6,000-crore gross collections through various small savings, the Small Savings wing of the Finance Department has decided to go for a large-scale increase in the number of agents to further penetrate in rural areas, ... More

WTO

No talks possible on procedural modalities, says India
India's trade envoy to WTO noted that there was absolutely no convergence of opinion on most issues on investment discussed in the working group, including such basic ones as scope and definition. More

RURAL DEVELOPMENT

AP women SHGs to get Rs 1,000 crore more
THE State Government has announced plans to provide additional Rs 1,000 crore this year to strengthen the women's empowerment movement. It has converged the functioning of two organisations with similar objectives - DRDA (District Rural ... More

EVENTS

Hyderabad engagements

CONSUMERISM

`Consumer bodies can play key role in welfare schemes'
CONSUMER organisations in the country could play a key role in reaching the benefits of various food related welfare schemes of the Centre being implemented with a subsidy of about Rs 36,000 crore. This was stated by the Minister for Consumer ... More

TOURISM

Nepal tourism presentation in Coimbatore
A MULTI-MEDIA presentation on the tourism opportunities of the Himalayan Kingdom of Nepal with a focus on `Pasupathinath Temple' is to be held here tomorrow. The multi-media presentation `Pasupathi Darshan' is being organised as a public ... More

UNDP commits Rs 11.5 cr for endogenous tourism
THE United Nations Development Programme (UNDP) has committed over Rs 11.5 crore ($ 2.5 million) for a new initiative that seeks to promote local culture for creating livelihood opportunities as well as projecting these local attractions for ... More

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