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Sunday, September 08, 2002

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INDUSTRY & ECONOMY

CEMENT


Cement majors flout jute order
Both cement and fertiliser industries have been exempted from the mandatory orders. While the cement industry was freed in 1997, fertiliser industry was freed in 2001. More

ECONOMY


States agree to new debt-swap package
STATES today initiated the first step for retiring high-cost debt contracted in the past by agreeing to implement a diluted version of the Rs 1,00,000-crore debt-swap package originally proposed by the Centre. The decision to swap high-cost ... More

Decline in bank credit
BANK credit decreased by Rs 935 crore to touch Rs 6,52,520 crore as on August 23. This includes both food credit which decreased by Rs 2,453 crore touch Rs 56,400 crore and non-food credit which increased by Rs 1,518 crore to touch Rs 5,96,119 ... More

ENVIRONMENT


Naphtha pipeline ticking away at Dabhol
WHILE the IDBI-led lenders to the Dabhol Power Company (DPC) and the Maharashtra Government wrangle over restarting the 658-MW Phase I of the station, an eight-km-long, under-sea pipeline full of naphtha is lying unattended at the project site ... More

POWER


Power: High-voltage reforms, the key
VIABILITY is the watchword in the power sector today. The single-point agenda of all concerned, including the Government, is to make the sector a commercially viable proposition, both for existing players and new entrants. Fortunately, more ... More

Vindhyachal: Power centre
CALL it the power-centre of the country, if you please. The Vindhyachal region, about 250 km from Varanasi on the Madhya Pradesh border, accounts for more than 10 per cent of the total generation capacity in India. The power generated here ... More

`Capex plans hit by CERC orders' — Mr C. P. Jain, CMD, National Thermal Power Corporation
NATIONAL Thermal Power Corporation (NTPC), with almost 20,000 MW of generating capacity, accounts for about 19 per cent of the total capacity in the country and has ambitious plans to add a further 9,000 MW in the medium term. However, two ... More

Where are the funds going to come from?
THIS is the question for which nobody has an answer. The Government has targeted a capacity addition of 1,00,000 MW by 2012 which means that the minimum investment needed is a staggering Rs 4,00,000 crore assuming it is all thermal! This is apart ... More

Private investment: Low current
Tata Power: Hold
BSES: Hold More

TAXATION


NYC municipality up to its ears in bribery scam
THE New York City municipal staff seem to be no better than their ilk here. In a scam that has surfaced recently, it is learnt that quite a few municipal assessors received millions of dollars as bribe linked to assessments of 562 properties. The ... More

TEXTILES


Clothing exports looking up
CLOTHING exports are gradually emerging from the shadow cast by the impact of 9/11. Exports in the current year are expected to be about five per cent higher than that in the previous year, according to Mr Premal Udani, President, Clothing ... More

Mauritius may serve as gateway to Africa for textile exports
THE Union Textile Minister, Mr Kashiram Rana, left for Port Louis on Thursday to step up the textile trade and explore the possibility of using Mauritius as gateway to the potential African markets once the quota regime is over and the existing ... More

TYRES


Tyre sector wants rubber cess cut to Re 1/kg
THE domestic tyre industry represented by the Automotive Tyre Manufacturers' Association (ATMA) has made a "strong case" for reduction in the rate of `rubber cess' from the current level of Rs 1.50 per kg to Re 1 per kg. Rubber cess is levied ... More

TWO/THREE WHEELERS


Cruiser bikes: Speeding ahead
THE cruiser bike sub-segment (a super-premium segment) is witnessing a fresh round of action, with Yamaha Motor India taking the fight to the streets. Enticer versus Eliminator: The Indian subsidiary of the Japanese two-wheeler giant, ... More

FOODS & FOOD PROCESSING


Tax levy on food processing sector to be streamlined
IN what may augur well for the processed food industry, the Centre is trying to rationalise taxes affecting this segment, Mr N.T. Shanmugam, the Minister of State (independent charge) for Food Processing Industries, said at a review meeting on ... More

SCIENCE & TECHNOLOGY


French honour for Kasturirangan
DR K. Kasturirangan, Chairman, Indian Space Research Organisation, was on Friday conferred the Officer of the Legion d'honneur by the President of the French Republic, Mr Jacques Chirac. The award was presented to Dr Kasturirangan on behalf of ... More

DISINVESTMENT


CCD pours cold water over oil cos' sell-off — Bar on PSU, Govt co-op bids
IN what is seen as a victory for those constituents opposing disinvestment of PSUs, the Government today deferred by three months a decision to privatise oil refining companies HPCL and BPCL and minority stake sales in IOC, ONGC, NTPC and ... More

UBI term loan for Kovalam Ashok
UNION Bank of India (UBI) has extended a term loan of Rs 27 crore to fund the disinvestment of ITDC's Hotel Kovalam Ashok near Thiruvananthapuram. The bank has granted the eight-year loan, which also has a repayment moratorium of one year, to ... More

Policy on divestment myopic: Chidambaram
THE former Union Finance Minister, Mr P. Chidambaram, described the current standoff within the NDA Government over the issue of disinvestment as a "charade" and observed that the so-called debate was reflective of an inner-party struggle in the ... More

INCOME TAX


TDS and clubbing — Income of the minor child
A MINOR child attained the age of majority in November 2001. The child's father is no more, while the mother has income chargeable to tax. The child derives income from salary, house property and also income from other sources. I wish to ... More
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Top Stories
`Kashmir needs a pro-people not pro-Delhi Govt'


Hero Honda launches Ambition

Cement majors flout jute order

LIC to replace New Bima Nivesh

In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Sep. 1-Sep. 7
Monsoon `catches up' in August — But deficit likely to remain

Fiscal sops for water schemes

English channels on revamp mode

Women in India: A status report

NTPC to float arm for power trading — Maiden deal with Kayamkulam

SDG unveils software to detect money laundering

25 is `right age' to plan for retirement

EU ban on chloramphenicol residue — Exporters up the ante on seafood standards

Traditional goods drive exports up 21%

Jaswant, Labour Minister to meet on EPF rate cut

Realtors seek clear norms to lure FDI

Weaving a magic with Paithanis

Cabinet okay to shut HFC, FCI units

Nano-tech all set to pervade the world

`E-courts' in metros from next year


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