Financial Daily from THE HINDU group of publications
Tuesday, December 23, 2003
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INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES


AP HC quashes liquor procurement case
THE Andhra Pradesh High Court on Monday quashed the complaint filed against the Chief Minister, Mr N. Chandrababu Naidu, his Cabinet colleague and some officers in a Special Court alleging siphoning of funds to the tune of Rs 550 crore in ... More

ECONOMY


Janagraha campaign to increase Bangalore civic body revenue
JANAGRAHA, a citizen's movement based in Bangalore committed to increasing citizen participation in local government, has come out with an innovative idea for increasing the revenues of the Bangalore Mahanagar Palike (BMP). Seeing a huge ... More

Kerala seeks new formula for funds distribution
THE Kerala Government has sought a revised formula for the horizontal distribution of Central funds with 80 per cent weightage for population. In its memorandum to the 12th Finance Commission, the State has suggested 10 per cent weightage for ... More

Modi presents `annual report'
THE Gujarat Inc has decided to go the whole hog and present its annual report to its shareholders. The Gujarat Government, led by its CEO, Mr Narendra Modi, said it was time to present the book of accounts to the people of Gujarat. Singling out ... More

FOREIGN TRADE


US Telugu body plans business platform in AP
THE American Telugu Association (ATA), a leading association of non-resident Indians in the US, is planning to open a platform for aspiring entrepreneurs in Andhra Pradesh to explore business opportunities and tie-ups with multinational companies ... More

Korea keen to strengthen economic ties with India
Addressing the captains of the Indian industry, Dr Yoon Young-Kwan, Minister of Foreign Affairs & Trade, Republic of Korea, said India has the potential to become a hub and a bridge to the West, Central and Southeast Asia and Europe apart from ... More

HEALTH


Unichem conducts trials for hypertensive drug
CHANCES of a heart attack amongst the growing population of diabetes and hypertensive patients can be reduced significantly by controlling their blood pressure effectively. Further, the kidneys of such patients can be saved from being damaged. ... More

PHARMACEUTICALS


Drugs Bill introduced
THE Drugs and Cosmetics (Amendment) Bill 2003 that proposes the death penalty for manufacturers of spurious drugs was introduced in the Lok Sabha by Union Health Minister, Ms Sushma Swaraj on Monday. Acknowledging that the penalties for ... More

Indian pharma cos to take part in Dubai health expo
A LARGE number of Indian pharmaceutical companies are planning to participate in the forthcoming Pharma Arab Health exhibition to be held in Dubai from January 18 to January 21. They are bidding to garner a slice of the promising Gulf regional ... More

STEEL


Steel Ministry panel to discuss iron ore issue
THE Ministry of Steel has taken up the issue of availability of iron ore to steel producing companies and the consultative committee attached to the Ministry is to discuss the matter in its meeting on Tuesday. According to official sources, ... More

TAXATION


Bill in Lok Sabha to amend Central Act
THE Government has introduced a Bill in the Lok Sabha to amend the Central Sales Tax Act, 1956 to expedite the resolution of the inter-State disputes arising on levy of Central Sales Tax. The Act was amended in 2001 to create a Central Sales ... More

SSI


`Govt-industry tie-up vital for SSIs in post-WTO era'
A COMBINED Government-industry partnership is the need of the hour for the small and medium (SME) sector to flourish in the post-WTO trade environment, according to Mr B.S. Minhas, Secretary, Ministry of Small Scale Industries. Addressing a ... More

`SSIs in TN hit by spiralling raw material prices'
THE small-scale industry in Tamil Nadu has demanded that the Centre take steps to rein in the prices of raw materials such as pig iron, steel, aluminium and coke. The Tamil Nadu Small and Tiny Industries Association says the Centre should lift ... More

TRAVEL & PLACES


US unveils new entry-exit measures
STARTING January 5 next year, foreign visitors arriving at certain US ports of entry will be among the first to participate in a new entry-exit system procedure that will incorporate biometric identifiers, namely, fingerprints and a photo. The ... More

WATER


Krishna project Stage 1 to be ready by March
THE State Government on Monday asserted that the stage-I of the Krishna Drinking Water Supply Project envisaged to provide drinking water to the twin cities would be completed by the end of March 2004. Three senior ministers — Mr T. ... More

EDUCATION


`Gender gap in Karnataka schools at negligible level'
EVEN as reports of gender bias in education of girl children haunts development strategists, Karnataka has been able to present a slightly encouraging picture, though with a mixed bag of performance. Through its many efforts and programme to ... More

Singapore Study Centre opened in Chennai
THE AEC Business School has launched a `Singapore Study Centre', a place from where students just out of high school can apply to a university in Singapore. AEC Business School is a joint venture of AEC Edu Group of Singapore, the Shriram group ... More

  • Courses for engg students

    CARS


    Santro ranks No 1 in small segment: J.D. Power survey
    HYUNDAI Santro, Ford Ikon, Honda City and Tata Safari rank highest in their respective vehicle segments in the J.D. Power Asia Pacific 2003 India Automotive Performance Execution and Layout (APEAL) Study released on Monday. The study measures ... More

    Homologation norms for cars may be relaxed
    THE Minister for Heavy Industries and Public Enterprises, Mr Subodh Mohite, on Monday said that the Government is considering to relax the homologation conditions for imported cars and has received representations in this regard. Homologation ... More

    REAL ESTATE & CONSTRUCTION


    Work continues in controversial Bengal housing project
    THE controversial Silver Springs Project Ltd, which ran into problems with the West Bengal Government on pollution control grounds, is carrying on its construction activity in full swing. Work on the nearly Rs 100-crore project, which is being ... More

    INDUSTRY ASSOCIATIONS


  • FAPCCI organises meet on consumer rights

    READYMADE GARMENTS


    `Apparel exporters stand over EMD not justified'
    THE apparel exporters' resentment over the Government's decision not to introduce a "samadhan scheme" for providing relief in payment of earnest money deposits (EMDs) on account of the non-fulfilment of textile export quota obligations was not ... More

    FOREIGN DIRECT INVESTMENT


    Bureaucratic hurdles coming in way of FDI flows: Jaswant
    The Finance Minister, Mr Jaswant Singh, today lamented that the bureaucracy has not kept pace with policy changes and highlighted that bureaucratic hurdles were coming in the way of foreign direct investment (FDI) inflows into the ... More

    IPR


    Patents (Amendment) Bill introduced
    IN the run-up to meet the deadline of ushering in the product patent regime from January 1, 2005, the Government today introduced the crucial Patents (Amendment) Bill, 2003, providing for introduction of product patent protection in all fields of ... More

    TRADE & LABOUR UNIONS


    AITUC plans strike against divestment of stake in IOC, ONGC
    THE General Secretary of the All-India Trade Union Congress (AITUC) and CPI leader, Mr Gurudas Dasgupta, said the union plans to call for an all-India general strike in the near future in protest against the anti-workers policy of the Union ... More

    EVENTS


    Kochi to host 3-day B2B meet
    THE State Government is organising a three-day business-to-business meet here in February, seeking to help the small and medium enterprises (SMEs) in the State to make the most of globalisation. It is expected to reveal to the world, the ... More

    Delhi to host Elecrama expo
    THE Indian Electrical & Electronics Manufacturers' Association (IEEMA) is organising Elecrama - 2004, the sixth international exhibition of power, industrial electronics and allied products, at Pragati Maidan in New Delhi from February ... More

    INCOME TAX


  • New Chief Income-Tax Commissioner for Coimbatore

    BEARINGS, CASTINGS & FORGINGS


    Coimbatore engineering bodies' strike total
    THE one-day strike called jointly by all engineering manufacturers/trade associations in sympathy with the striking small and tiny foundry industries here has brought the entire manufacturing activity in this southern engineering hub to a halt ... More

    TOURISM


    Chennai Fest to conclude on Jan 20
    THE Chennai Fest, a festival to showcase the culture and heritage of the metropolis and exploit the tourism potential, will be held between December 20 and January 20, 2004. Being organised by the Confederation of Indian Industry and a clutch ... More

    Karnataka urged to develop coastal tourism
    KARNATAKA could become "God's another own country" provided the Government accords importance to marketing and promotion of its tourism potential. This was how participants expressed their opinions on tourism potential in the coastal region, at ... More

    BOOKS


    India Book third edition released
    THE third edition of the India Book of the Year 2004, jointly published by The Hindu and Encyclopaedia Britannica (India) Pvt Ltd, was released here today. Giving a preview of the book, which has taken water as a major focus area, Dr ... More
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    Mid-Term Monetary and Credit Policy for the year 2003-2004

    Pick a Winner Stock Market Contest

    Top Stories
    Sundram Fasteners completes UK plant acquisition


    Cognizant planning $40-m ramp-up, to hire 4,000 more

    An eventful year for Contract Advertising

    Patents (Amendment) Bill introduced

    Contributory pension system: Approach with caution

    In Focus
    Stocks: Dizzying Heights
    Steel Industry in 2003
    Outsourcing backlash
    Stamp paper scam
    Housing finance scenario
    Insurance Round-up — 2003
    Organic farming
    The Cable tangle
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    Rising intolerance
    (The Hindu)
    Vaishnavaite Temples in Tamil Nadu
    (The Hindu)
    Saivite Temples in Tamil Nadu
    (The Hindu)

    In Depth
    Insurance Corner
    Swati CA
    Simple Economics
    Slowburn
    Tax Talk
    NRIs & Investment Avenues
    Iraq Diary

    Looking back
    Dec. 14-Dec. 20
    FDI inflow in telecom plummets 97%

    `India largest recipient of remittances in Third World'

    `Over-prescription may lead to antibiotics crisis'

    New debt swap package for States in offing: Jaswant

    Coastal movement of POL products — Oil cos' proposal to water down cost

    CII-Ascon survey shows growth at faster clip

    FCI decision on grain export allocation in Jan

    Supportive policy regime key to food processing: McKinsey

    Move to create level-playing field for life-saving drugs

    Act changes come into force from January — Infant food cos in a spot

    Nepal to emerge as sourcing base for beer?

    Oil cos: Cabinet nod for sale of cross-holding

    SCI: A case of missed business opportunity


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