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Friday, August 16, 2002

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INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES


A flood of circulars
AS you are aware, several parts of the country have been affected by drought and floods resulting in damage to crop and property. Thus begins a recent notification from the RBI addressed to all scheduled commercial banks. It advises banks to ... More

ECONOMY


Change mindset on reforms, says PM — Water conservation, railway schemes announced
THE Prime Minister, Mr Atal Bihari Vajpayee, today stressed yet again on the urgent need for a political consensus on economic reforms, especially in the power sector, and urged both the parties and the people to change their mindset on the ... More

ENVIRONMENT


Felling of trees made an offence in AP
All land owners, except small and marginal farmers and wet land owners, would now have to plant trees in five per cent of their land holdings, as to augment the tree plantation efforts in the State. More

Why gas-guzzling US won't understand
An average American moves more than one tonne of steel to get to work, or to the mall. Why should he not do it, even if his car drinks petrol like a camel after a desert trek? More

`Ban additives used in plastics recycling'
INSTEAD of a ban on the use of plastics, a ban on the additives used while processing plastics for recycling is necessary to contain environmental pollution, according to Mr S. Murali Srinivasan, a consultant in plastics processing. Addressing ... More

FOREIGN TRADE


Nepal to press for changes in trade treaty
NEPAL is set to press for certain modifications to the Indo-Nepal Trade Treaty that was renewed in March 2002 with some significant changes. "We are concerned about the way some of the clauses of the treaty are being implemented by the Indian ... More

HEALTH


Trinity Hospital plans cardio-diabetology unit
WITH the incidence of diabetes increasing in the Silicon City, Trinity Hospital and Heart foundation, a speciality corporate hospital, has decided to open an exclusive cardio-diabetology unit in its heart care centre. A team of specialists ... More

INFRASTRUCTURE


BDA bond funds to finance urban infrastructure projects
The five-year secured redeemable non-convertible bond with a face value of Rs 10 lakh each had been floated on its own volition and without Government guarantee and with full subscription by Canara Bank and Indian Overseas Bank, underlining BDA's s ound financial health. More

PSU


GoM grapples with problem of PSU dues
THE decision by a meeting of the Group of Ministers (GoM) on payment of outstanding statutory dues and outstanding salaries and wages of employees of Central public sector undertakings (PSUs) held on Wednesday has come out with a "realistic ... More

KSIE pays Rs 6-lakh dividend to Govt
THE public sector Kerala State Industrial Enterprises (KSIE) has declared a dividend of Rs 6 lakh payable for year 2001-02 to the State Government. A cheque for the amount was handed over by the KSIE Chairman and Managing Director, Dr Varghese ... More

PETROLEUM


Marginal cut in petrol, diesel prices
PUBLIC sector oil companies today announced a marginal reduction in prices of petrol and high-speed diesel. According to a press release issued by BPCL, the reduction in prices ranges from 18 to 22 paise per litre effective midnight August ... More

POWER


24-hour power supply to all villages in AP — T&D to be beefed up with Rs 7,282-cr plan
AN amount of Rs 7,282 crore would be spent in the next five years on strengthening the transmission and distribution (T&D) system in Andhra Pradesh. The programme would be funded by various institutions including the World Bank, Department For ... More

Crisil downbeat on power capacity
PLANNED capacity additions in power during the Tenth Plan will fall way short of the targeted 41,000 MW, according to Crisil. It has also predicted a fall in demand growth for power over the next five years. In a report published recently, the ... More

Unocal backs out of Bidadi project
THE multinational petroleum company, Unocal, has withdrawn its interest from the Bidadi power project, which was to be promoted as a joint venture between the company's subsidiary, Unocal Bharat Ltd, and Karnataka Power Corporation Ltd. The ... More

BSES renames Delhi discoms
NEW DELHI: BSES Ltd on Thursday announced the new names of its two power distribution companies in Delhi. While the South West Delhi electricity Distribution Company has been renamed as BSES Rajdhani Power Ltd, the Central East Delhi ... More

TEXTILES


Ministry to speed up loom modernisation
THE Union Ministry of Textiles has decided to speed up the loom modernisation process in major weaving clusters across the country. This is part of Ministry's efforts to protect the existing domestic textile market from being swarmed by ... More

`Govt anxious to protect domestic textile market'
WHILE India's multi-fibre textile base and widely dispersed nature of the textile industry are comforting strengths on the country's competitiveness in free-market conditions, the burgeoning vast domestic market for textiles and clothing with the ... More

SSI


SMEs for hike in investment cap
A MAJORITY of the respondents to the Confederation of Indian Industry's (CII) 17th business outlook survey of the small and medium enterprises (SMEs) sector have suggested a further increase to the investment limit while favouring the ... More

EDUCATION


Globsyn business school launched
GLOBSYN Technologies Ltd, which runs the software finishing school called Techno Campus, has started a business management education school called Globsyn Business School. The school was inaugurated by the Chief Minister, Mr Buddhadeb ... More

Karnataka Govt mulls education cess
BANGALORE: The Minister for Higher Education, Mr G. Parameshwara, said a committee has been set up to review the decision to cut the 15 per cent grant to higher education. The committee headed by the Chief Secretary will study the ... More

SCIENCE & TECHNOLOGY


180 Rohini rockets to be launched
THIRUVANANTHAPURAM: The Thumba Equatorial Rocket Launching Station (TERLS) at the Vikram Sarabhai Space Centre (VSSC) situated at nearby Thumba plans to launch 180 Rohini-200 (RH-200 series) sounding rockets over the next five years. A ... More

SOCIAL WELFARE


Few takers for midday meal scheme
THE Government's midday meal scheme has hit a roadblock due to paucity of funds. As a result there are only few takers for the scheme, notwithstanding a directive from the Supreme Court last year asking all States to implement the scheme within ... More

EVENTS


Expo to focus on exports from non-IT sectors
WHILE software and pharma exports from Andhra Pradesh have shown impressive growth rates in the past few years, traditional sectors such as agricultural commodities, fisheries, leather goods, handloom and handicrafts have virtually ... More

  • Chennai Engagements

    EXPORTS & IMPORTS


    Capexil plans centre in US for members
    CAPEXIL has planned a common infrastructure-cum-marketing service centre in the US for its exporter-members, under the ambit of the Market Access Intitiative (MAI) Scheme of the Commerce Ministry. The proposal is now awaiting Government ... More

    ECONOMIC OFFENCES


    IOC's new locking system for tankers
    BANGALORE: Indian Oil Corporation (IOC) has come out with a custom-made locking system for tankers to ensure quality fuel to consumers and prevent pilferage and adulteration of fuels during transit. The locking system was launched on ... More
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  • Top Stories
    What the IIMs have done


    Felling of trees made an offence in AP

    Idea, BPL revive merger talks

    Agri-business: Not India's business

    GoM grapples with problem of PSU dues

    Indian ports record 10 pc growth in traffic

    Overcoming `subtle resistance'

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Aug. 4-Aug. 10
    India Inc upbeat despite drought

    Synthetic textile exports up 32 pc in April

    Perquisites for official purposes not to be taxed — Onus on employer to furnish details

    At lower price realisations... Earning even a small profit is achievement for cement cos

    Manipur: `Jewel of the East' or `Wild East'?

    Oil dealership issue may end up in court — `Arbitrary cancellation not possible'

    Business confidence `significantly' up

    Patni Computer among 18 FDI plans cleared

    No investment limits on new tax-free bonds

    Hopes of turnaround seen in readymade garment exports

    HPCL says not interested in MRPL preferential offer


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