Financial Daily from THE HINDU group of publications
Thursday, October 09, 2003
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INDUSTRY & ECONOMY

PENSION PLANS


Insurers can bid to be pension fund managers
The Ministry of Finance has finally decided to allow life insurance companies to put in bids to fill up the slots that would be up for grabs to become pension fund managers (PFMs) under the proposed new pension system. The move would come as a ... More

ECONOMY


India entering golden era, says Deutsche exec
"DISCOVER India. Not the India of yore known for its spiritual traditions but `India of the 21st century', a country on the move," said Mr Atal Bihari Vajpayee, Prime Minister, addressing a gathering of businessmen and State heads at the Asean ... More

$54-m IBRD aid for food, drugs projects
THE World Bank has approved an interest-free assistance of $54 million to India for Food and Drugs Capacity Building Project, which is aimed at improving quality and safety of food and drugs in the country. An agreement signed between the Union ... More

8 pc GDP growth possible this year, says Lahiri
THE Government on Wednesday expressed optimism over the Indian economy logging a growth rate close to 8 per cent in the current fiscal, in view of the farm sector's likely strong rebound following munificent monsoon rains. "I will not be ... More

GIM projects still remain a pie in the sky
There was not much talk on IT as realisation dawned on the Government that devoid of a strong manufacturing and agricultural base, IT itself will not generate wealth in any economy. More

FOREIGN TRADE


FICCI team to sign MoUs with Thai bodies
A 19-MEMBER high-powered business delegation of FICCI, led by Dr A.C. Muthiah, President, will visit Thailand from October 9-11, coinciding with the Prime Minister, Mr A.B. Vajpayee's visit to participate in the Asean Business and Investment ... More

HEALTH


`Eyecare awareness low among school children'
A SIGNIFICANT number of school children who are troubled by problems of eye-sight in the country are not even aware of their predicament, according to a nationwide survey by Bausch & Lomb and the Vision Improvement Experts Working Council (VIEW), ... More

POWER


T&D losses lower by Rs 16,000 cr
THE country's power transmission and distribution losses reduced by Rs 16,000 crore last fiscal from Rs 33,000 crore in the previous year, Mr Anant Geete, Union Minister of Power, said here on Wednesday. The reduction was a result of efforts ... More

Nagarjuna Power construction contract — Chinese consortium, BHEL, Alstom in fray
THE Chinese consortium comprising Shanghai Electric Power Corporation and China Machine-Building International Corporation (CMIC) have pitched for the Engineering Procurement and Construction (EPC) contract of the 1015 MW power project of the ... More

Madras HC upholds tariff hike for HT consumers
THE Madras High Court has upheld the order of the Tamil Nadu Electricity Regulation Commission revising upward the tariff for commercial and high-tension consumers. The order, issued under Section 27 of the Electricity Regulation Commission ... More

TAXATION


`VAT is the key for economic growth'
"States lose over 50 pc of their tax collection due to corruption. VAT would can enhance value for State governments and release them from various debt traps," Dr Ramesh said. More

TEXTILES


Additional textile quota for US, EU
THE Ministry of Textiles has decided to release additional export quota for the European Union and the US of textiles items (yarn/fabric/made-ups) under the ready goods entitlements (first-come first-serve) category opening for the fourth ... More

BREWERIES


Steady rise in prices of glass bottles — UB, SABMiller plan alternate beer packaging
BREWING majors are pursuing alternative packaging solutions as glass bottle prices have steadily climbed in the last one year. The leading domestic brewers United Breweries Ltd (UB) and SABMiller-Shaw Wallace combine separately disclosed that ... More

BEVERAGES


Pesticide residue issue: JPC hearing today
FROM pesticides in beverages to worms in chocolates, the subject of food safety could not have come at a more opportune time - even as the Joint Parliamentary Committee (JPC) goes in for its next hearing on the pesticide-residue issue on ... More

GEMS & JEWELLERY


Special purpose vehicle planned for Hyderabad Gems Park; KPMG enlisted
A MALAYSIAN firm IOI, Mumbai-based Geetanjali Group associated with Nakshatra range of jewellery and the Andhra Pradesh State Trading Corporation, will form a special purpose vehicle (SPV) to be associated with the proposed Gems and Jewellery ... More

REAL ESTATE & CONSTRUCTION


Advani moots private-public co-operation in housing
THE housing sector could become "an engine of growth" of the economy if the private sector came together with the public agencies to achieve the goal of housing for all by year 2010, according to the Deputy Prime Minister, Mr L.K. Advani. "The ... More

METALS


Copper industry woos auto cos
THE copper industry has begun to lobby end users such as vehicle manufacturers in the country to promote use of copper in ancillaries. The Swedish company, Outokumpu Copper Strips' representatives, met with Ashok Leyland officials this week in ... More

KNITWEAR & HOSIERY


Mixed views at Tirupur interface
THE interface with the garment buying houses and agents organised as part of the India Knit Fair agenda at Tirupur threw mixed responses in the discussions the knitwear producers/shippers had. While some portions of the interactive session ... More

BIO-TECH & GENETICS


`Bioquest Kerala' on Oct 21
THIRUVANANTHAPURAM: The Association of the Department of Biotechnology, comprising staff and students at the Government College at Kariavattom near here, is organising a State-level seminar on biotechnology, titled Bioquest Kerala, on ... More

PAINTS


Exterior paints add lustre, strength to industry
FOR the paint industry, which has been on an upward growth curve, one segment has been propelling growth - exterior paints. This segment has been growing at a compound annual growth rate of 25-30 per cent in the last couple of years, ... More

DISINVESTMENT


IOC willing to buy Govt stake in HPCL
INDIAN Oil Corporation has verbally offered to the Government to buyout the latter's stake in Hindustan Petroleum Corporation Ltd (HPCL). The move comes more as a counter to the Government's move to explore the possibility of privatising the ... More

WTO


Cancun failure loss to developing world: EU
THE European Union (EU) on Wednesday said that the failure of the Cancun Ministerial of the WTO has "short-changed the aspirations of the developing world in particular and the momentum that was generated prior to the Cancun has certainly been ... More

IPR


`Vigyan Rail' to promote science info
THE Chairman of Vigyan Prasar, a body under the Department of Science and Technology, Mr M.V. Kamath, said that a 15-coach "Vigyan Rail" would tour the nation for nine months to propagate information on science. Speaking at the valedictory ... More

SOCIAL WELFARE


ActionAid scheme for underprivileged in AP
IN a fund-raising campaign to benefit the poor, sex workers, Dalits and riot victims, ActionAid India Society (AAIS) has introduced `Karm Mitra' in association with ICICI Bank and Om Kotak Mahindra. Karm Mitra, the "donor loyalty programme", ... More

RURAL DEVELOPMENT


Stress on non-farm activities
MANGALORE: The Director of Department of Rural Development and Panchayat Raj, Mr Monnappa, has emphasised the need for taking up non-farm activities and floriculture in Dakshina Kannada district while implementing the group-based ... More

EVENTS


  • Hyderabad engagements

    INCOME TAX


    Kolkata I-T zone mop-up at new high
    NET tax collections (both corporation and income-tax) of the Income-Tax Department's Kolkata Zone have achieved a record increase of 107.74 per cent for the period April-September 2003 (up to September 23) over that in the previous corresponding ... More

    CO-OPERATIVES


    Governing body dissolved in Mangalore
    MANGALORE: The Karnataka Government has dissolved the governing body of Janata Bazar in Mangalore, a unit of South Kanara Central Co-operative Wholesale Store (SKCCWS), according to Mr Suresh Ballal, former member of the governing ... More
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    Top Stories
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    HP sees robust growth in PC sales

    8 pc GDP growth possible this year, says Lahiri

    `VAT is the key for economic growth'

    In Focus
    Cola Controversy
    The Cable tangle
    Indo-China Relations
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    In Depth
    Swati CA
    In Kashmir
    Simple Economics
    Slowburn
    Tax Talk
    NRIs & Investment Avenues
    Corporate Governance

    Looking back
    Sep. 28-Oct. 4
    More gains likely for garment trade in post-quota regime

    Publishing industry making it big in foreign markets

    Car demand seen registering 8 per cent annual growth

    `Post-2005, watch out for textile tariff barriers'

    11.6 pc rise in foreign tourist arrivals in India

    Insat 3E to free ISRO from leased transponders

    Export growth slows in Aug — April-Aug trade deficit zooms to $6,044.68 m

    `EU water norms for finished beverages will be tough to follow'

    Zee to launch DTH without other major broadcasters on board

    What ails introduction of new drugs

    `38 pc of small industry units staying closed'


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