Financial Daily from THE HINDU group of publications
Saturday, March 02, 2002
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Financial Daily from THE HINDU group of publications Saturday, March 02, 2002 |
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INDUSTRY & ECONOMY AUTOMOBILES GM, Honda Feb sales up GENERAL Motors India Ltd on Friday said it sold 800 cars in February that marked a 14 per cent rise in sales over 701 cars sold in the same month of last year. In a statement, GM said that the rise in sales was due to the introduction of new ... More BUDGET 
Sinha for linking interest rates to inflationTHE Finance Minister, Mr Yashwant Sinha, today made a case for effective linkages between the interest rates and inflation levels in line with the prevailing practice in other economies of the world. Such a mechanism, he held, would ensure that ... More
Noose on trusts tightened
Thrust to infotech, biotech, infrastructure -- Kerala for new approach to 10th Plan
ENGINEERING 
Capital goods sector has nothing to cheer aboutTHE Union Budget has only added to the woes of the capital goods industry, which is yet to recover from the economic slowdown, mainly due to excise changes and a continuation of the inverted duty structure. The reduction in peak customs duty ... More ENVIRONMENT 
Crisis engulfs Kolkata tanneriesEVEN as the tanning community hopes for a miracle emerging from the March 5 discussions on the Common Effluent Treatment Plant (CETP) at the leather complex in Kolkata, many units stopped production today in compliance of the Supreme Court ... More HOTELS `A fillip for hotel sector' THE Indian hotel industry rocked by the events of September 11 and the slowdown in industry finally hope to see more tourists checking in. Lifting the gloom of the September 11 events is the set of announcements made by the Finance Minister, Mr ... More PETROLEUM Not all gas, say LPG cos PRIVATE LPG marketing companies have a reason to cheer as the announcement of an increase of Rs 40 per cylinder of the liquefied petroleum gas (LPG) sold by the public sector oil companies meets with the demand of the Indian LPG Industry ... More PHARMACEUTICALS 
`A let-down for pharma R&D'DISAPPOINTMENT is writ large on the face of the drug industry, as the promises in the recently announced Drug Policy did not seem to get reflected in Budget. Mr D.S. Brar, CEO and MD, Ranbaxy Laboratories (RLL), observed that the Budget ... More
POWER State power sector reforms to continue THE Centre has reinforced its commitment to finance reforms in the State power sector through the Accelerated Power Development and Reform Programme (APDRP). The APDRP has been provided an allocation of Rs 3,500 crore, up from Rs 1,500 crore ... More STEEL 
Steel still missing sheenTHE Finance Minister's efforts to revive the sector may not restore the desired sheen to the steel industry. In the Budget 2002-2003, a number of incentives to the sector intended to give it the push have been announced, but these may not be ... More SUGAR TEXTILES Budget to spur textile industry: Rana THE package announced for the textile industry in this Budget would help in realising higher investment and production, according to the Union Textile Minister, Mr Kashiram Rana. Addressing a news conference here on the highlights of budgetary ... More
SSI SSIs sore over dereservation of 50 items THE Government's decision to dereserve 50 items of the knitwear, certain agricultural implements, auto components, some chemicals, drugs and few other items has met with some resistance. In a statement, the Laghu Udyog Bharati has said that ... More
BREWERIES Brewers in low spirits THE domestic distillers' cup of woe is brimming over, with the Union Budget giving concessions to foreign liquor. The apex body of the domestic distillers, the All India Distillers' Association (AIDA), has urged the Union Finance Minister to ... More PERSONAL PRODUCTS Budget push for FMCG cos THE fast moving consumer goods (FMCG) sector has achieved small gains from the budgetary proposals by way of fiscal measures, but would have preferred instead a larger thrust towards consumer spending. However, the Finance Bill's focus on ... More
DISINVESTMENT Divestment target at Rs 12,000 crore FOR the second year running, the Finance Minister, Mr Yashwant Sinha, has set a target of Rs 12,000 crore from disinvestment of equity in PSUs for the year 2002-2003. With big-ticket companies such as Hindustan Petroleum Corporation Ltd (HPCL), ... More
IPCL: Stakes high for Reliance, IOC SMALL SAVINGS Rate cut a blow to small savers: Asim Dasgupta THE proposed reduction in the rate of interest on small savings will not bring any significant gain for the States, according to the West Bengal Finance Minister, Dr Asim Dasgupta. In a statement issued here, he himself an economist of repute, ... More RURAL DEVELOPMENT Higher allocation `to boost' rural sector The three key components of rural development — agriculture, rural infrastructure and poverty alleviation — had been identified as the thrust areas and allocations had been made accordingly, the Union Minister for Rural Development, Mr M. Venkaiah Naidu, said. More INTERVIEW 
`One can't have a road-map every year'"You must realise that when you are preparing the Budget of a complex country like India, there are many constituencies, each in their own right and will react in their own way. Often the reactions are in contradiction with each other. More SPORTS No field day for sports bodies FOR India's sports bodies, especially the cash-rich Board of Control for Cricket in India (BCCI), housing boards, local and marketing authorities, charity will now literally have to begin at home. The controversy fuelled by the grant of tax ... More TOURISM 
A shot in the arm for tourism industryTOURISM has been brought to the centre-stage of the country's development strategy as is evident in the 50 per cent increase in the Plan outlay. "The intent of the Government on tourism is right," says Mr J.S. Daboo, Chief Operating Officer, ... More Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Feb. 17-Feb. 23 `Debt obligations may eat up 85 pc of India's GDP' Kochi Refineries' SBM plan may leave port in dire straits NTPC, Rlys sign pact on power plants Slide in petro consumption slows Global majors join race for SCI; 12 EoIs received PMO okays 26 pc FDI in periodicals -- Dailies spared; 100% in advt proposed Pranab prescribes spending spree to spur demand Karnataka: Troubling labour equations State guarantees not final word: RBI Cabinet clears big-ticket labour reforms Watch out when you buy that Crocin! Dry cell batteries: Powerful prospects? |
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