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Monday, March 25, 2002

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INDUSTRY & ECONOMY

ANTI-DUMPING


Dumping duty mooted on zinc from Nepal
THE Designated Authority in the Ministry of Commerce and Industry has recommended the imposition of definitive anti-dumping duty on all imports of zinc oxide from Nepal. Zinc oxide, which is reserved for production in the small scale sector, is ... More

ECONOMY


Bihar, HP lag behind in wooing investment
IT may not be a total surprise, but nonetheless a matter of concern that Bihar and Himachal Pradesh feature in the list of States which failed to attract any investment in 1999-2000 and 2000-01. This has been revealed in a recent study done by ... More

`Southern States have better fiscal management'
SOUTHERN States, especially Andhra Pradesh, Karnataka and Tamil Nadu, have recorded better fiscal management compared to most northern States and North-Eastern States, according to a comprehensive study conducted by the city-based Indian ... More

ENGINEERING


BHEL unit bags KPCL order
THE electronics division of Bharat Heavy Electrical Ltd (BHEL) has bagged a Rs 14-crore order from Karnataka Power Corporation for the supply of static equipment and control and monitoring system for the 1x15 MW and 5 x 55 MW Almatti dam hydro ... More

Plan panel for safeguarding capital goods sector
It said ``level playing field needs to be created for the domestic industry'' so as to enable it to compete with its foreign counterparts. Alongside, efficiency-enhancing measures need to be accorded high priority for removal of constraintsstreamlini ng of labour laws to enable the domestic industry to exploit the comparative advantage . More

FOREIGN TRADE


Trade team to visit Australia
THE Indo-Australian Chamber of Commerce & Trade is planning to take a 20-member business delegation to Australia for exploring the opportunities in various business segments, especially for small and medium enterprises from Andhra ... More

Queensland keen on joint ventures
QUEENSLAND, the second largest state in Australia, which provides the global mining industry with a complete package of mine support solutions, has sought collaborative ventures with the Indian partners in the four key areas of mining, ... More

HOTELS


Emerge a winner!
For students of the hospitality industry, here is a great chance. An essay contest, to commemorate the 75th corporate anniversary of the Marriott International group, will help them hone their writing skills, reveal their originality and win fine ... More

PSU


One-time settlement of SEB dues approved
THE Government has approved a scheme of one-time settlement (OTS) of the outstanding dues to ensure timely payment of dues by State electricity boards to Central public sector undertakings (CPSU). The scheme was approved by the Cabinet ... More

Govt to push thru PSU reforms
THE Andhra Pradesh Government has decided to continue the ongoing reform process of public sector undertakings (PSUs) to further reduce the State Government involvement in economic activities and concentrate on other core areas. The State ... More

  • `Public sector has a key role'

    PETROLEUM


    Govt weighing post-APM options on petro prices
    THE Petroleum Ministry is weighing the options to maintain the prices of petrol, diesel, LPG and kerosene at the current levels, just a week before prices are to be freed. It will be forwarding its suggestions to the Finance Ministry shortly, ... More

    Post-APM problems and opportunities
    APRIL 1 is All Fools' Day, the day on which friends play practical jokes on each other. But April 1, 2002, could be a different kind of day for those in the domestic oil and shipping sectors. From that day, they have to be careful not to get ... More

    POWER


    Royalty payment for water not valid: CEA -- Ruling may reduce Almatti hydel power cost
    THE Central Electricity Authority (CEA) has disallowed treating royalty payments as a pass through item for fixing power tariffs from the 290 MW Almatti power project. The CEA has taken the stand that royalty payment for water was not valid for ... More

    GSFC puts 45-MW plant on the block
    THE cash-strapped Gujarat State Fertilisers & Chemicals Ltd (GSFC), which has run up a net loss of Rs 54.98 crore during the first nine months of the current fiscal, has opted for asset sale to prop up its sagging bottom line. GSFC has decided to ... More

    STATES


    `Southern States have better fiscal management'
    HYDERABAD: Southern States, especially Andhra Pradesh, Karnataka and Tamil Nadu, have recorded better fiscal management compared to most northern States and North-Eastern States, according to a study conducted by the city-based Indian ... More

  • TAXATION


    I-T waiver may cost Rs 1,500 cr
    THE Government would end up foregoing over Rs 1,500 crore if it were to allow units in the special economic zone (SEZ), free trade zones and software technology parks to claim 100 per cent deduction under Section 10A and 10B of the Income-Tax Act ... More

    TEXTILES


    Spinners want excise on hank yarn reduced
    THE Open End Spinning Mills Association (OSMA) has asked the Centre to bring down the excise duty on hank yarn and cheese yarn from the existing 8 per cent to 4 per cent, saying that the new levy has affected the textile industry badly. The ... More

    SSI


    Micro-enterprises concept catching on in the State
    One of the basic objectives of the project is to put in place an informal banking system for the poor women through formation of self-help groups. The approach is founded on a three-tier arrangement starting from `neighbourhood groups' representing 1 5 to 40 families. More

    ESC may tie up with German infotech body
    THE Electronics and Computer Software Export Promotion Council (ESC) has said it is contemplating major initiatives with BITKOM, the apex organisation of the German IT industry, aimed at promoting synergy between small and medium enterprises in ... More

    TRAVEL & PLACES


    Visa applications -- US consulate cutting down on personal appearances
    THE consular section at the American Consulate General in Chennai has waived personal appearances as much as possible for those seeking US visa. This is part of the steps taken by the consulate to make the visa process more convenient for South ... More

    WATER MANAGEMENT


    Talks on with Nabard for `Neeru-Meeru' plan: CM
    As part of the mission, four departments — Forest, Rural Development (watersheds), Panchayat Raj and Minor Irrigation (irrigation and Command Area Development) will push through the conservation mission. More

    EXIM POLICY


    Service tax exemption likely for special economic zones
    THE Finance Ministry may provide service tax exemption to all units operating in special economic zones (SEZs) in the forthcoming Exim Policy whose focus will be to cut transaction costs and make exports more competitive. The Ministry was also ... More

    RADIO/TV


    Competition hots up among sports channel -- Only those with `rights' can run
    IT will be a fight to the finish. After entertainment and music channels, competition is now hotting up among sports channels. Besides ESPN-Star Sports and DD Sports, the market is abuzz with rumours of Sony Entertainment Television (SET) ... More

    INDUSTRY ASSOCIATIONS


    CII Karnataka chapter for broadbased `green tax'
    THE Karnataka chapter of the Confederation of Indian Industry (CII) plans to follow up with the Government on broad basing the proposed `green tax' imposed in the Budget to combat pollution from aged motor vehicles. The industry had expected ... More

    Revoke freight hike, say Kutch salt firms
    THE steep hike proposed in the Railway Budget for freight on salt will force the salt manufacturing units of Kutch to shut shop, according to the Gandhidham Chamber of Commerce & Industry (GCCI). In a letter to the Railway Minister, GCCI said ... More

    GENDER


  • All-women industrial estate

    RURAL DEVELOPMENT


    Coimbatore tops in credit Plan outlay
    COIMBATORE continues to top the other districts in the State in its Annual Credit Plan (ACP) outlay. The total outlay for fiscal 2002-03 at Rs 2,627.28 crore is 9.13 per cent higher than the outlay of the earlier fiscal (Rs 2,407.37 crore). A ... More

    REGULATORY BODIES & RULINGS


  • Panel to name SERC appointees

    EVENTS


    Meet on business, management
    HYDERABAD: The British Council for Cultural Relations here is organising an exhibition-cum-lecture series on the latest offerings from the business and management fronts. A collection of nearly 300 of the most recent books on management ... More

  • Thiruvananthapuram Engagements
  • Hyderabad Engagments

    EXPORTS & IMPORTS


    Study favours closer look at non-tariff barriers
    A FRESH study by the Ministry of Commerce (second such by the Economic Division of the Ministry) on non-tariff barriers (NTBs) has suggested that export promotion policies should look into the NTBs which can be avoided by suitable WTO compatible ... More

    Increase the scope of DBK rates
    WHILE sceptics describe the new mid-term export strategy (2002-07) as old wine in new bottle, the Commerce Ministry mandarins are taking pains to explain at open house meetings with exporters that it is "good wine in good bottles". It is ... More

    TOURISM


    Bye-bye Delhi, hello Kerala!
    The diversion of tourist traffic from North to South could stand the State in good stead because most of them were first-time visitors and the prospect of them coming back is quite high. More
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  • Top Stories
    One-time settlement of SEB dues approved


    Kinetic hopes to `Boss' over with Hyosung's technology

    Village telephony obligations-- Mahajan warns private players

    Service tax exemption likely for special economic zones

    From wasteland to garden: A successful STEP -- IIT-Kharagpur's initiative pays off

    Visa applications -- US consulate cutting down on personal appearances

    `Put a stop to domestic violence' — Dr Sarah Matthew, President, Feminist Assn. for Social

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Mar. 17-Mar. 23
    LPG price hike cut by half

    Economy in for better days: Sinha

    PM defends divestment of blue-chip PSUs

    Free market throws up new equations -- Essar offers to market Reliance petro products

    Playing catch-up with global majors... Steel cos set to hike prices

    Jalan puts growth rate at 6-6.5%

    Designs to make people work better

    Pact signed for India's first private satellite

    Panel against foreign investment in newspapers

    Govt focussed on NPA recovery, says Sinha

    Sinha hints at further rollback


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