The Hindu Business Line : Saturday, November 08, 2003

Calcutta HC directs Biman Bose to file affidavit
IN a contempt of court proceeding, a Division Bench of Calcutta High Court, comprising Mr Justice Ashok Kumar Ganguly, and Mr Justice S.P. Talukdar, on Friday dispensed with the appearance of Mr Biman Bose, Chairman of United Front in West ... More

ECONOMY

`Financial sector has key role in slowing climate change'
AGAINST the backdrop of the effect that climate change can have on the global economy, the Union Environment Minister, Mr T.R. Baalu, said that the financial sector's role is critical to the success of climate change abatement ... More

ENGINEERING

Excise dept to relax norms for verification of duty paid pumpsets
THE Central Excise Department has offered to do away with the system of physical verification of the duty-paid pumpsets being brought into the factory for repair works by the pump manufacturers. The department has now decided to go by intimation ... More

EXCISE AND CUSTOMS

Excise revenue from textiles down in Coimbatore zone
EXCISE revenue collected out of textile goods by Coimbatore Central Excise and Customs zone, one of the country's largest textile revenue belts, has shown a negative growth in the first six months of the current fiscal, the first year of the ... More

FOREIGN TRADE

German bakery team coming next year
THE gates to the German market may open up for the Indian bakery products industry, with the scheduled visit of the German bakery delegation to India in March 2004. The proposed visit is to scout for opportunities for supplying technology, ... More

HEALTH

Programme on `stress busting' in Thiruvananthapuram
THIRUVANANTHAPURAM: Surgicals major Terumo Penpol is planning to organise a one-day training programme on stress management on Saturday, November 22. To be held at Hotel Pankaj from 9.30 a.m. to 05.30 p.m., the programme would feature ... More

HOTELS

Bengal CM rules out abolishing luxury tax on hotel industry
THE three-day 39th annual convention of Federation of Hotel and Restaurant Association of India (FHRAI) began here on Friday on a dull note. The Union Minister for Tourism and Culture, Mr Jagmohan, who was to inaugurate the convention, did not ... More

INFRASTRUCTURE

CCEA clears infrastructure upgradation scheme
THE Cabinet Committee on Economic Affairs (CCEA) has approved an `Industrial Infrastructure Upgradation Scheme' (IIUS) that seeks to create quality infrastructure in existing industrial clusters/locations with high growth potential. Initially ... More

Bengal initiatives to improve road conditions
THE cash-strapped West Bengal Government has embarked on a plan to repair 800 kms of roadways by next year. Dr Ashim Dasgupta, State Finance Minister, said that Rs 215 crore of funds had already been sanctioned by his department for the ... More

PETROLEUM

ONGC's Sakhalin project sees $800 m cost overrun
ONGC Videsh Ltd (OVL), the overseas investment arm of Oil and Natural Gas Corporation (ONGC), has informed the Government that its biggest project, the $1.77-billion Sakhalin oil and gas project in Russia, is set to witness a cost overrun of $800 ... More

POWER

Satluj Jal Vidyut Nigam saves Rs 90 cr in interest liability
SATLUJ Jal Vidyut Nigam Ltd, the public sector unit implementing the 1500-MW Nathpa Jhakri hydel power project, has managed to save Rs 90 crore every year in interest liability by retiring high-cost debt, the Chairman and Managing Director, Mr ... More

STEEL

Govt to formulate steel policy soon; aims at boosting exports
THE Steel Ministry will soon formulate a national steel policy that would aim at cutting costs for steel producers and increase exports. "The national steel policy is almost ready. It envisages good demand for steel and considerable increase in ... More

TAXATION

Four pvt banks can accept indirect taxes
IN addition to direct tax collections and pension disbursements, another pie where new age private banks have been permitted to dip their hands into indirect taxes - excise and service tax collections. Traditionally an area exclusive to ... More

Entry tax buoys TN Govt revenue
THE Tamil Nadu Government's revenues remain buoyant with the Commercial Taxes Department striking a mother lode in the slew of new taxes and tax hikes announced over the last two years. According to the review of trends in receipts and ... More

SSI

Special scheme for handicrafts in Kerala
THIRUVANANTHAPURAM: The Minister for Industries, Mr P. K. Kunhalikkutty, has said that the State Government would formulate a special scheme for enabling export of handicraft items in bulk quantities. There is felt need for popularising ... More

WATER

Rs 1.5 cr for Alappuzha canals
THIRUVANANTHAPURAM: The Minister for Tourism and Fisheries, Prof K.V. Thomas, has said that administrative sanction has been granted for a Rs 1.5-crore scheme for revamping the canals criss-crossing the Alappuzha town. The scheme is ... More

RADIO/TV

JAPA4 FM station ties up with Web portal
JAPA4, the first commercial private FM channel in Andhra Pradesh, has tied up with Telugupeople.com to Web cast its programmes live on the portal. "The huge NRI population will be able listen to our programmes at the same time as their kin ... More

EDUCATION

ICFAI develops 12 new PG courses
THE ICFAI University has conceived, designed and developed 12 new PG Diploma programmes in different areas of finance and management to cater to the needs of professionals and students. According to an ICFAI official here, the PG Diploma in ... More

MEDICAL INSTITUTIONS & HOSPITALS

Rs 120-cr Central aid for Calcutta Medical College
THE Union Health Secretary, Mr J.V.R. Prasada Rao, announced here on Friday that the Calcutta Medical College would get around Rs 120 crore from the Centre for upgradation of its facilities to make it a national centre for excellence in ... More

INDUSTRY ASSOCIATIONS

KCCI plea to banks on prime lending rate
THE Kanara Chamber of Commerce and Industry (KCCI) has urged the Chairman of the Indian Banks Association (IBA), Mr V. Leeladhar, to have a prime rate which reflects the borrowing capacity, credibility, creditworthiness, repayment capacity and ... More

MINING & QUARRYING

Safety concerns on Uranium Corpn's AP project allayed
THE Rs 507-crore uranium mining-cum-benefaction plant proposed by the Uranium Corporation of India Ltd in Andhra Pradesh is safe in all aspects and is awaiting the Ministry of Environment and Forests and the Pollution Control Board (PCB) nod to ... More

DISINVESTMENT

SC notice to Govt on Hind Copper sell-off
THE Supreme Court on Friday issued notices to Union Finance and Disinvestment Ministries on a petition challenging the privatisation of Hindustan Copper Ltd (HCL). A Bench comprising Mr Justice S. Rajendra Babu and Mr Justice G.P. Mathur ... More

RURAL DEVELOPMENT

AP local bodies to control SSIs, rural industries
THE Andhra Pradesh Government has decided to entrust the subjects of small-scale, khadi, village and cottage industries to the local bodies. The services of the General Manager of the District Industries Centre and his staff would be placed at ... More

Rural networking forum
BANGALORE: The Confederation of Indian Industry (CII) is organising a three-day Rural Networking Forum in Mysore from Saturday to promote products of self-help groups (SHGs) and build rural-urban market linkages. The ... More

Nabard outlay for Theni

EXPORTS & IMPORTS

Jaitley promises more sops to improve export competitiveness
A DAY after the Government extended major sops to units in the special economic zones (SEZs), the Union Commerce and Industry Minister, Mr Arun Jaitley, promised that more steps would be taken to improve the competitiveness of Indian ... More

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line