Financial Daily from THE HINDU group of publications
Friday, October 10, 2003
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INDUSTRY & ECONOMY

ECONOMY


8% growth target difficult without reforms: NCAER
THE National Council of Applied Economic Research projects the growth of gross domestic product (GDP) at 7.1 per cent in 2003-04. It contends that it is difficult to achieve a targeted growth of 8 per cent in the Tenth Plan "without reforms", ... More

EXCISE AND CUSTOMS


Finance Ministry clarification on excise rules — Drawback tagged to Cenvat facility
CENTRAL excise allocation of duty drawback rates would now be permitted only if the exporters furnish evidence that they are not availing the Cenvat facility and rebates of inputs/materials under the Central Excise rules. The Finance Ministry has ... More

FOREIGN TRADE


`India, Thailand need to widen trade basket'
THE base of commodities trade between Thailand and India needs to be widened. At the fifth meeting of the Thailand-India Joint Business Council (JBC) held on Thursday at Bangkok, the Thai and Indian business leaders expressed the desire to ... More

Algeria eases visa norms to boost ties
IN a bid to augment bilateral trade ties between India and Algeria, Mr Abdelmalek Sellal, Transport Minister of Algeria, today drew attention to the efforts that have been taken by his Government to ease the existing visa norms. According to ... More

`Active Indo-US collaborations in tech needed'
INDIA and the US need to actively collaborate in technological activities, according to Mr Monty Ahuja, Chairman, India Ohio Chamber of Commerce, USA. Speaking at a roundtable on `Business climate in USA— Opportunities for India,' ... More

US business info service
CHENNAI: The US Commercial Service Business Information Centre will reopen to the public from October 14, after completing renovation at the American Consulate-General here, according to a press release from the US Consulate-General. The ... More

  • `Australian Showcase'

    HEALTH


    Health Ministry queried on draft norms for pesticide residue
    THE Joint Parliamentary Committee (JPC) questioned the Union Health Ministry on Thursday on why it issued a draft notification outlining the pesticide residue norms for beverages, even as such an exercise was being undertaken by it. According ... More

    INFRASTRUCTURE


    Project finance: Investors are still playing safe
    EVEN as there are few projects and fewer financiers, the project finance market in India is undergoing a sea change. Debt equity ratios are being watched more closely and new concepts such as `sell down of assets' are gaining ... More

    TEXTILES


    Additional quota for man-made fibre export released
    THE Government has released an additional quantity of 1.2 million sq metres under the FCGS Ready Goods System for export of man-made fibre (MMF) textiles to the US covered under the Group II MMF quota. This will be opened for allotment on October ... More

    Bonus talks on in textile units
    BONUS negotiations are on in the textile industry, though on a subdued note this year. The talks, which begun in the last two or three days, are being held at individual unit levels between the managements and their workmen representatives, the ... More

    SSI


    Small-scale units to celebrate bread day on Oct 12
    THE Madurai District tiny And Small-Scale Industries Association (Maditssia), the Rotary Club of Madurai West along with the Madurai Bakers' Association are jointly organising "International Bread Day" on October 12, at Maditssia Hall, in the ... More

    Maditssia team to visit China
    MADURAI: The Madurai District Tiny and Small Scale Industries Association (Maditssia)'s President, Mr K. Ramachandran, and the Vice-President, Mr S. Aravind, would be visiting China during October 11-21 on a study tour of Chinese ... More

    TYRES


    Truck, bus tyre production slips in Aug
    AFTER registering strong performance in the months of June and July 2003, truck and bus tyre production slipped in the month of August 2003 to touch a level of 9 lakh tyres. Production in this category stood at 9.53 lakh tyres in July and 9.10 ... More

    TERRORISM


    Bitta for separate security wing
    THE Chairman of All-India Anti-Terrorist Front (AATF), Mr M.S. Bitta, today called for a separate security wing in each State to take care of the security of the VVIPs, a law and a special military court to effectively counter ... More

    EDUCATION


    Cut in education funds opposed
    PUBLIC expenditure on education in the country is steadily declining over the years and any further cut may have adverse consequences, Prof. J.B.J Tilak, head of the Economics unit, the National Institute of Educational Planning and ... More

    GEMS & JEWELLERY


    Gold fest set for a glittering start
    THE Kerala Gold Festival, `Swarnam 03', is all set to begin on October 10 with the State-level inauguration to be held in Thiruvananthapuram. Mr K. Sankaranarayanan, State Finance Minister, is scheduled to inaugurate the event, while Mr ... More

    REAL ESTATE & CONSTRUCTION


    Builders' body seeks PM's help
    SADDLED with an additional cost burden of Rs 4,500-6,800 crore on account of the spiralling prices of steel, the construction industry on Wednesday sought the Prime Minister's help to insert non-escalation clauses in the contracts with steel ... More

    PAPER, BOARD & NEWSPRINT


    Price increase in paper varieties in the offing
    A MODERATE price increase in all varieties of writing and printing paper is in the offing. An Indian Paper Manufacturers Association (IMPA) source - the association looks after the interest of integrated large mills — said the ... More

    DISINVESTMENT


    STC employees oppose disinvestment move
    At a time when the fortunes of the company are turning for the better with employees' morale upbeat, the Government has lined up STC for sell-off. More

    Divestment of Karnataka Soaps, 2 more PSEs soon
    THE privatisation process of Karnataka Soaps & Detergents Ltd, maker of the classic Mysore Sandal soap, will be set in motion shortly along with two more State public enterprises. The Department of Disinvestment & State Public Enterprise ... More

    EVENTS


  • Alumni meet on Oct 12
  • Kochi Corpn adalats
  • Commemorative stamps
  • NSSO certificates
  • Seminar on aromatic plants
  • Meet on technical education

    EXPORTS & IMPORTS


    Oilmeal exports may top 35 lakh t
    "Demand will not be confined just to soyameal. We see a good demand for groundnut meal and rapeseed meal also." More

    ALTERNATIVE MEDICINES


    Nutraceutical Summit stresses on legislation
    AT the start of the first Nutraceutical Summit here, participants were upbeat about the prospects for the segment, while also emphasising the need for adequate research and development and legislation. While the country is becoming a force to ... More

    ECONOMIC OFFENCES


    India ranks 83 in corruption index
    INDIA has yielded 12 positions year-on-year to be ranked 83 in the global Corruption Perception Index (CPI) 2003 of 133 countries released by the Berlin-based anti-corruption watchdog, Transparency International (TI). Speaking to Business ... More
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    Top Stories
    GAIL to unbundle sourcing, marketing


    Tata Motors sales up 49.8 pc in Sept

    Repo, bank rate cut on the cards?

    Unified licence without Parliament nod criticised

    India may gain from US labour shortage: Study

    8% growth target difficult without reforms: NCAER

    `India, Thailand need to widen trade basket'

    Project finance: Investors are still playing safe

    Oilmeal exports may top 35 lakh t

    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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