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Friday, May 14, 2004

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INDUSTRY & ECONOMY

ECONOMY
`Congress keen on reforms'
THE reforms party would go on merrily, no matter which parties join hand with the Congress to form the new Government. Even the Left Front might not be able to be party-spoilers. Or so the Congress feels. "We do not see any problem (with the ... More

Original reformer set to manage economy
IF basic minimum needs are the barometers to decide the fortunes of a political party in the fiercely competitive game of capturing power, the day of glory has arrived to the original reformer Congress and the working class symbol Communists who ... More

`Stable government must to carry forward reforms'
"ALL we want is a stable government, whether here or at the Centre, to continue with good reforms and correct the inadequacies," summed up the voices from the industry in the State, on a cloudy day with a fractured verdict hanging over the ... More

Will Left be right for reforms, corporatedom asks
THE fine print of Thursday's election results amazed corporate officials on the extent to which the Congress and its allies gained ground. "It's a bit of a surprise," Mr Rahul Bajaj, Chairman, Bajaj Auto Ltd (BAL), said. By noon, the ... More

Cap on sub-contracting of production by SEZ units goes
THE Finance Ministry has withdrawn the existing limitation that allowed a unit in a special economic zone (SEZ) to sub-contract production only up to a limit of 50 per cent of free-on-board (f.o.b) value of exports made in the previous ... More

Pro-reform Govts faced the wrath, says Naidu
DEVELOPMENT agenda-driven and reforming States were the worst affected in the polls and had to face the voters wrath due to anti-incumbency which has brought in changes across the country, Mr N. Chandrababu Naidu, TDP President and former Chief ... More

FOREIGN TRADE
New Govt must continue reforms with more zeal: FIEO
THE Federation of Indian Export Organisations (FIEO) wants the new Government at the Centre to continue with the reforms process with more "zeal" and "vigour". A statement issued by the FIEO said that it expects the new Government to look into ... More

PSU
Disinvestment blues for PSU stocks
PSU stocks, especially those on the disinvestment list, took a hit in Thursday's trading as traders believed that the privatisation process could be delayed under the new government likely to be formed by the Congress along with the Left ... More

PHARMACEUTICALS
Key issues on pharma before new Govt
WHEN the Government sneezes, the pharma sector need not necessarily catch a cold. But with key issues relating to spurious drugs, patents and animal trials lying at the doorstep of the new Government at the Centre, the health and ... More

INDUSTRY ASSOCIATIONS
India Inc looks for stability
INDIA Inc does not seem to be perturbed by the change of guard at the Centre, as `stability' of the Government seems to be the buzzword. "Since the mandate is clear, we expect stability in the Government. This would lead to the reforms process ... More

HANDLOOM
Handloom sector focusing on skill-intensive products
HIT by Chinese copycats and power loom products, the handloom sector is now focusing on products that require more design, skill and craftsmanship. Mr K. Shanmugam, Executive Director, Handloom Export Promotion Council (HEPC), said that these ... More

CINEMA
Film industry unfazed by political changes
"FILM is the cheapest form of entertainment. Film buffs of our country are going to flock to cinema irrespective of the fact whether the Congress makes it or the BJP exists," a comment from an official at Balaji Telefilms sums up the strength of ... More

EXPORTS & IMPORTS
Cotton imports may top 14 lakh bales
DESPITE record production during the current year (October 2003-September 2004), cotton imports into the country are not showing any significant decline. During 2003-04, imported cotton arrivals are expected to reach 14 lakh bales (of 170 kg), ... More




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Looking back
May. 2-May. 8
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`SMEs lagging in IT, e-readiness'

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Coffee exports come to a standstill

Leather exporters score gains in German, Italian markets

Cement despatches higher in April

274 Central sector projects suffer cost, time overruns

Tirupur knitwear exports set to touch $1 billion

`Shift to euro is tough choice for exporters'

Pharma majors alive with IT buzz

Paper stocks gain from rise in global prices

Indian pharma cos' shopping spree timely, say analysts


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