Financial Daily from THE HINDU group of publications
Tuesday, June 24, 2003
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INDUSTRY & ECONOMY

INVESTMENTS


`Preservation of wealth is the mantra of rich'
Around the world, moneyed individuals continue to direct their funds to what the report describes as "fixed income, alternative investments, real estate and other investments less correlated to equities." Simply put, wealth preservation is the mantra . More

NON-CONVENTIONAL ENERGY


Cash cards for buying solar power in Sunderbans
CASH cards to pay for electricity dues are proposed to be introduced on a remote island in the Sundarbans area. Grid power can never reach this island, where energy meters are to be introduced utilising the money from the `Green Oscar', the ... More

ANTI-DUMPING


Anti-dumping probe on coated paper
THE Designated Authority in the Commerce Ministry has notified initiation of anti-dumping investigation into the import of coated paper including paper and paperboard of 80 GSM and above originating in or exported from Indonesia and the European ... More

ENGINEERING


Monsoon hopes rev up Kovai pump industry
WITH the signals of the on-set of South West monsoon becoming stronger, the pump industry in Coimbatore, which accounts for a major chunk of market share in the organised sector in the country, is revving up for a better performance this year ... More

ENVIRONMENT


Mayawati orders probe into construction near Taj — Promises action against guilty officials
THE Uttar Pradesh Chief Minister, Ms Mayawati, today said that her Government would take stern action against officials responsible for unauthorised construction work near the Taj Mahal in Agra. The Chief Minister, however, did not explain how ... More

FAPCCI workshop on environment in offing
IN a bid to encourage its members to adopt environment management systems and cleaner technologies, the Federation of Andhra Pradesh Chambers of Commerce and Industry (FAPCCI) is organising a daylong workshop on `Pollution control and ... More

FOREIGN TRADE


FICCI signs two MoUs in China
THE 20-member business delegation led by Mr Yogendra Modi, Senior Vice-President, Federation of Indian Chambers of Commerce and Industry (FICCI), on Monday signed an MoU with the China International Trade Research and Training Centre for Asia ... More

India signs pact to boost trade with Mercosur
INDIA has entered into a framework trade agreement with the regional grouping Mercosur, consisting of Argentina, Brazil, Uruguay and Paraguay in order to boost its existing bilateral trade volume of $1.3 billion to more than $3 billion within the ... More

FIEO meet on services next year
THE Federation of Indian Export Organisations is organising an international congress on trade in services next year. The event will showcase India's great potential in the sector which, however, has not got its due attention, according to the ... More

POWER


  • Kerala: Extra load-shedding to go

    STEEL


    Expert says corrosion-resistant technology can save money
    Mr Sautha said the size of the domestic market for corrosion-resistant applications has been pegged at Rs 300 crore. This is expected to grow at around 25-30 per cent annually. Currently, about one-sixth of the potential market was being tapped. More

    TEXTILES


    Synthetic fibres may be brought under TUFS — Reliance, Indo Rama, JCT gainers?
    IN a move that may have long-term consequences for the textile industry as a whole, the synthetic fibre industry is all set to be brought under the Technology Upgradation Fund Scheme (TUFS) launched by the Ministry of Textiles in 1999 with a ... More

    `Morocco can buy yarn, fibres from India'
    THE Union Textile Minister, Mr Shahnawaz Hussain, on Monday said that India was in a position to provide the requisite volume of yarn and fabrics to Morocco to take advantage of the opportunities offered by its proximity to the European Union as ... More

    SSI


    KSSIA moots creation of separate tariff for SSIs
    CONSIDERING the complexities of the issues involved in power tariff restructuring, the Kerala State Small Industries Association (KSSIA) has suggested creation of separate tariff for SSI and tiny units without including them in other tariff ... More

    WATER


  • Tackling drinking water crisis in Kochi

    RADIO/TV


    Govt to take a close look at Star News uplinking plans
    THE Government will be examining closely the application put forward by Star News before granting it final permission for uplinking from the country. The company - Media Content and Communications Pvt Ltd has a paid up capital of Rs 1 lakh and ... More

    EDUCATION


    CII bid to improve quality of education — Corporates go back to school
    IT'S a silent revolution that could change the manner in which the coming generations of young Indians grow up. In an effort to give back to society what it has given to them, the corporate world, through the Confederation of Indian Industry's ... More

    ICFAI announces postal courses
    THE Institute of Chartered Financial Analysts of India (ICFAI) University has announced that the last date for admissions to various distance learning courses was fixed as June 30. In a press communiqué here, the university urged the interested ... More

    ICAI bid to hone members' skill
    THE Institute of Chartered Accountants of India (ICAI) is taking all steps to hone the skills of its members to enable them to compete in the challenging times ahead, especially after 2005, the ICAI President, Mr R. Bupathy, has said. At a ... More

    REAL ESTATE & CONSTRUCTION


    Real estate scenario of 15 major cities to be studied
    THE Confederation of Real Estate Developers Associations of India (Credai), a body of real estate developers across the country, in conjunction with players in the housing finance business and local builders associations, is planning to take up ... More

    Puravankara to set up second mall in Bangalore
    The group's first mall, Purva, is gearing up for completion in two months time. This 52,000 sq ft project will have an investment estimated at Rs 40 crore. More

    INDUSTRY ASSOCIATIONS


    Chamber calls for transparency in credit rating
    THE PHD Chamber of Commerce of India (Phdcci) has called for establishing a "transparent" system of credit rating by which companies can be rated by the banks. The basic objective of such a rating exercise should be to inform the borrowing ... More

    BIO-TECH & GENETICS


    Kerala proposes agenda for bioresources
    IN ORDER to exploit the enormous potential of the phytopharmaceutical sector, currently characterised as having `immense popularity with limited reliability', Kerala will have to develop a comprehensive research agenda, according to a status ... More

    DISINVESTMENT


    Nalco issues likely by year-end
    THE domestic/ADR issues of National Aluminium Company Ltd (Nalco) to sell Government stake in the aluminium major are likely to hit the market around November-December, a senior Disinvestment Ministry official has said. "We are working towards ... More

    `No plan to offload equity in non-life insurance cos'
    THE Government has no immediate plans to include the four nationalised non-life insurance companies into the disinvestment list. At present, the four companies are 100 per cent owned by the Centre. "There is no proposal before us to offload the ... More

    Global tender planned for Great Eastern Hotel divestment
    The West Bengal Government has decided to float a global tender for disinvesting its stake in Great Eastern Hotel — among the oldest running hotels in the country. Sources at the State Secretariat said that a non-resident Indian Mr Prasun ... More

    WTO


    Singapore WTO issues still unresolved: India
    INDIA has made it clear, in the just-ended mini-ministerial of the WTO in Cairo, that the structure and content of the Singapore issues still remain unclear and that its reservations about entering into negotiations of any kind without a full ... More

    LABOUR REFORMS


    MGP places a premium on job generation
    `It is widely recognised that the situation (in the State) is rapidly changing, especially in view of the pressures of external competition. Strikes and other retrograde practices are rapidly losing credibility as a dispute resolution mechanism.' More

    EVENTS


  • CII seminar on service tax
  • Chalachitra Academy film fest

    INCOME TAX


    After PAN, I-T Dept mulls TIN — To create tax information network
    THE income-tax department, over and above the requirement of PAN, which may emerge as a kind of citizen identity number in the none too distant future, is now pressing forward to create a comprehensive tax information network ... More
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    CII bid to improve quality of education — Corporates go back to school

    Opposition from unions — Public sector insurers defer VRS

    `Preservation of wealth is the mantra of rich'

    CAS: Cracking the whip

    After many years, tourists throng Kashmir again

    In Focus
    SARS scare
    The Cable tangle
    Pakistan Diary
    Indo-Pak Monitor
    Indo-China Relations
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collection
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    Jun. 15-Jun. 21
    Food product exporters bracing for US Act

    Devil is in the detail, says tobacco industry

    Iran offers oil to Asian union on easier terms

    Flood in Singareni mine; 17 feared drowned

    `Appropriate price' for procuring ethanol — Petroleum Ministry move irks sugar mills

    Fresh rain spells forecast this weekend

    It's between UV, RO in water treatment

    Site to ease campus interviews

    Autopolis puts Tata Engg among top gainers

    External debt shoots up to $105 b

    Playing out a farce?


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