Financial Daily
from THE HINDU group of publications

Saturday, July 07, 2001





Dereservation of mustard crushing must
IT is common knowledge that highly erratic production of oilseeds and expanding consumption requirement have combined to erode the country's self-sufficiency in vegetable oils. In recent years, because of several omissions and commissions, the economics of oilseeds processing industry have deteriorated, leading to pervasive sickness.

Lakshmi Vilas Bank to fund AP rice mills
Lakshmi Vilas Bank (LVB) has announced that it has allocated an amount of Rs 25 crore towards financing rice mills in Andhra Pradesh for the current fiscal year.

W. Bengal task force for rice bran oil development
THE West Bengal Government has set up a task force for development of the rice bran oil industry in the State. This was stated by Mr Ashok Sethia, Chairman of Eastern Oil and Trade Association, at the fourth National Seminar on Edible Rice Bran Oil on F riday. The task force comprises industry representatives and senior officials of the State Government's agriculture and industry departments.

Cotton export move may not impact market
REMOVAL of curbs on cotton exports, announced by the Government earlier this week, though anticipated for sometime now, may not have any immediate bearing on the domestic cotton market. Nor will it precipitate any upheavals from the textile mills.

Inventor and maker of coconut climber
The inventor and maker of coconut climber, Mr P.K. Joseph, demonstrating how to use the machinery at Chempery near Kannur, Kerala. He makes 30 pieces every month, each made of 10 mm steel wire rope and parts of used tyres. The equipment costs about Rs 1, 100 and can be used to climb 100-150 palms per day.

Tata Chem to offer crop insurance
TATA Chemicals Ltd, in a bid to reinforce its role as an agricultural solutions provider, is looking at the possibility of offering crop insurance to the farming community.

Spices Board to promote pepper farming in N-E
THE Spices Board has embarked on a project to promote pepper cultivation in the North-Eastern States, apart from facilitating the setting up of processing units for other spices widely grown in the region, as ginger and turmeric.

TN planters seek ban on tea imports
THE Planters' Association of Tamil Nadu (PAT) has sent an SOS to the Centre to take immediate measures to save the tea industry from plunging into `irreversible industrial sickness'.

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