The Hindu Business Line : Saturday, September 27, 2003

`Zero waste' policy pays dividends
FOR the Kovalam-based Institute of Hotel Management and Catering Technology (IHMCT), the decision to adopt a `zero waste' philosophy has proved to be a beneficial one. Over the last several months, the institute has been able to substantially ... More

ANTI-DUMPING

Dumping duty imposed on caustic soda from China, Korea
THE Finance Ministry has clamped a definitive anti-dumping duty on imports of caustic soda from China and South Korea. The anti-dumping duty would be applicable for a period of five years, unless reviewed in this period, officials said. Caustic ... More

ECONOMY

WB: Over Rs 2,500-cr inflow in agri, industrial projects likely
THE West Bengal Government expects an inflow of more than Rs 2,500 crore into various industrial and agricultural projects in 2003. This was announced here on Friday by the Chief Minister, Mr Buddhadeb Bhattacharjee, before the Confederation of ... More

Bengal pitching for investments
THE West Bengal Government on Friday made a strong pitch for investments at the CII's national council meeting here. From homegrown companies such as ITC and Dabur to multinationals like Hindustan Lever, the Government's list was short but ... More

ENGINEERING

Engineering exports touch $ 7.17 b in 2002-03
THE country's engineering exports have scaled an all- time high of $7.17 billion during 2002-03, surpassing the target of $7.1 billion set during the last financial year, according to Mr Arun Jaitley, Union Minister of Commerce, Industry, Law ... More

FOREIGN TRADE

TN industry team visits Voith facility in Germany
THE Tamil Nadu Industries Minister, Mr Nainar Nagenthran, who is leading a high-ranking industry delegation to Europe, kicked off the fact-finding tour with a visit to the corporate headquarters of the German engineering giant, Voith, at ... More

Indo-Russian parliamentary forum in offing
AT the instance of the Government, the Federation of Indian Chambers of Commerce and Industry (FICCI) will shortly form an Indo Russian Parliamentary Forum, the FICCI President, Mr A.C. Muthiah, has said. Addressing the 93rd annual general ... More

HEALTH

Agro Tech, Apollo tie up for health awareness campaign
AGRO Tech Foods Ltd (AFTL), the producer of `Sundrop Heart' brand of rice bran and sunflower blended oil, in association with Apollo Hospitals on Friday announced a series of initiatives to "increase awareness of cardiovascular disease (CVD) and ... More

Pvt participation needed to tackle blindness: Naidu
THE Chief Minister of Andhra Pradesh, Mr N. Chandrababu Naidu, on Friday said 80 per cent of blindness could be prevented by taking up cost-effective and simple intervention. "Simple intervention and creation of awareness will solve the problem ... More

POWER

Arbitration against MSEB subsidiary
Dabhol: Mumbai HC restrains GE, Bechtel
THE Mumbai High Court has restrained GE and Bechtel, stakeholders in the Dabhol Power Company, from pursuing an arbitration under the New York Court against the MSEB subsidiary Maharashtra Power Development Corporation Ltd (MPDCL), also a DPC ... More

TAXATION

Horse owners, trainers, bookies likely to be taxed in AP
IF the State Government has its way, horse owners, trainers, bookmakers and jockeys would soon have to pay tax in Andhra Pradesh and the Hyderabad Race Club will be made responsible for collecting it. According to a Bill that was tabled in the ... More

Mangalore Corpn rejects property tax scheme
THE special meeting of the Mangalore City Corporation (MCC) council on Friday unanimously rejected the implementation of the self-assessment scheme (SAS) of property tax in Mangalore. The Mangalore Mayor, Mr Diwakar, who chaired the meeting, ... More

TEXTILES

Software tool to make garment units `FIT'
THE members from the Geneva-based International Trade Centre of the WTO, which is to work with the Government of India's Textiles Committee in the area of enabling `benchmarking' Indian garment manufacturers/exporters towards achieving ... More

Govt to clarify textile debt recast package details
THE Finance Ministry, which has come out with a textile debt reconstruction package, is expected to further finetune the package details in the face of representations from the industry which has sought some clarifications. Indications are that ... More

Palladam weaving park
COIMBATORE: The September 26 deadline set for submission of applications by the investors seeking to put up their plant and machinery in the Government-sponsored Palladam Hi-tech Weaving Park for the powerloom industry near Palladam has ... More

COAL

Coal firms asked to focus on underground mines
THE Union Minister of Coal, Mr Kariya Munda, has asked coal companies to change their production priorities from opencast to underground mines. The change in priority was essential to achieve the desired production of quality coal. Under this ... More

MANAGEMENT

CavinKare MD goads MBA students to think differently
DIFFERENTIATE yourself from others. Success against odds requires you to think and act differently, Mr C.K. Ranganathan, Chairman and Managing Director, CavinKare Pvt Ltd, told management students of the SRM Institute of Management and Studies, ... More

James Murdoch joins ISB board

CARS

PETA now takes on DaimlerChrysler
LUXURY cars just became hamburgers. According to a statement from People for the Ethical Treatment of Animals (PETA), Ms Maneka Gandhi has written to Mr Hans-Michael Huber, Managing Director of the German automobile major's Indian operations, ... More

REAL ESTATE & CONSTRUCTION

Meet to showcase realty projects in Karnataka
THE annual exposition of the real estate industry in Karnataka will be held here from tomorrow amidst concern over the increasing costs of raw materials affecting the industry's new-found stability. The two-day meet, Realty 2003, organised by ... More

KNITWEAR & HOSIERY

Tirupur exporters to hold meet with buying houses
TO know the pulse of the major garment buying houses sourcing supplies from India, the organisers of the annual knitted garment fair in Tirupur would host an interactive meet with garment buying houses and agents of garment sourcing companies ... More

SCIENCE & TECHNOLOGY

Now, text can be heard as speech over telephone
A MID-SIZED Hyderabad-based firm has developed a voice-enabled Web application with text to speech conversion feature allowing users to access information on the telephone. The prototype developed by Innovation Communication Systems Ltd will ... More

DISINVESTMENT

Shourie meets Advani on HPCL, BPCL issue
THE Union Disinvestment Minister, Mr Arun Shourie, met the Deputy Prime Minister, Mr L.K. Advani, on Friday to discuss the recent Supreme Court verdict on the privatisation of oil PSUs - HPCL and BPCL. The Disinvestment Ministry also submitted ... More

RURAL DEVELOPMENT

New Anna Marumalarchi Thittam — `Better response after easing of norms'
THE flexibility in the working of the New Anna Marumalarchi Thittam (NAMT)has started yielding results, according to Mr R. Arangannal, General Manager, District Industries Centre (DIC), here. The scheme seeks to promote rural industrialisation ... More

TRADE & LABOUR UNIONS

All major aviation unions plan to form united front
IN view of the "shift in the country's civil aviation policy and the changes happening in the sector," the major aviation unions in the country have decided to come together to form a united front to "address issues of common interest." The ... More

EVENTS

Population not a problem, but an asset: Kalam
THE President, Dr A.P.J. Abdul Kalam, exhorted the Great Indian Family, not only within the borders of India but all over the world, to share their knowledge, expertise, business acumen and management skills to start a well-synchronised economic ... More

Meet on MBA curriculum

Hyderabad engagements

Tourism Day celebrations

INCOME TAX

FAPCCI meet on TDS

EXPORTS & IMPORTS

New norms laid for Advance Licence, EPCG schemes
THE Department of Revenue (DoR) under the Union Ministry of Finance and Company Affairs, in a recent circular has issued revised norms for the purpose of availing exemption from bank guarantee under Advance Licence (AL) and EPCG (Export ... More

`Strengthening of rupee may dent export growth'
ECHOING the sentiments of a large section of the exporting community, Dr S. Narayan, Economic Advisor to the Prime Minister, has expressed concern over the recent strengthening of the rupee against the dollar and its adverse impact on the export ... More

TOURISM

Plastics banned in Kailashgiri
THE Visakhapatnam Urban Development Authority (VUDA) has declared Kailashgiri a plastic-free zone. Kailashgiri is a popular tourist spot offering a panoramic glimpse of the Bay of Bengal and the city. The statue of Shiva-Parvati is the chief ... More

ECONOMIC OFFENCES

Naidu agrees to judicial probe into stamp scam
THE Chief Minister, Mr N. Chandrababu Naidu, on Friday conceded to the demand for a probe by a sitting Judge of the Supreme Court to look into various aspects of the multi-crore stamp scam which has now covered about 17 States in the ... More

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