Financial Daily from THE HINDU group of publications
Thursday, February 06, 2003
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INDUSTRY & ECONOMY

FOREIGN RELATIONS


US keen to strengthen defence exports
THE US will be making a determined bid to strengthen its defence exports to India even while the past experience of sanctions affecting an uninterrupted supply of spares and components posed a big question. However, the changing bilateral ... More

ECONOMY


Annual Plan size fixed at Rs 4,350 cr
THE size of the State's Annual Plan for 2003-04 has been fixed at Rs 4350 crore. This was decided at a meeting of the Cabinet of the Council of Ministers on Wednesday. The Chief Minister, Mr A.K. Antony, said that while finalising the Annual ... More

ENGINEERING


Machine tool tech meet
BANGALORE: An international seminar on machine tool technologies is being held here on February 14 and 15 to highlight the latest technologies connected with the industry. The two-day meet will be attended by experts from several ... More

ENVIRONMENT


Panel to probe bottled water issue
THE Centre for Science and Environment report on pesticide residue in bottled water seems to have elicited a response from the Government. The Union Minister for Consumer Affairs, Food and Public Distribution, Mr Sharad Yadav, has ordered an ... More

TERI mulls eco pact with Gulf agency
THE Tata Energy Research Institute is exploring the possibility of entering into an agreement with the Abu Dhabi-based Environmental Research and Wildlife Agency (ERWDA) for exchanging information and solutions on environment issues. Dr S.K. ... More

Seminar on solid waste management
THE Member of the Supreme Court Committee for Solid Waste Management, Ms. Almitra H. Patel, delivering the keynote address at the inaugural session of a seminar on "Eco-friendly Municipal Solid Waste Management" here on Wednesday, said that the ... More

INFRASTRUCTURE


Major overhaul of project dealings in the offing
THE Government is in the process of overhauling the procedures prescribed for various approvals required for implementation of projects, both in the private and Government sectors. The procedures will fall in line with the recommendations of the ... More

Funding norms eased for core sector projects
THE Reserve Bank of India has relaxed the restriction regarding banks' funding of promoters' equity capital in infrastructure projects. In a circular, the RBI said in exceptional cases, banks can provide funds for acquiring promoters' shares ... More

PSU


KMML exports cross target
THE efforts of the State-owned Kerala Minerals and Metals Ltd (KMML) to penetrate into the overseas markets seem to have yielded positive results. The company, located at Chavara in Kollam district, has been able to export 4,000 tonnes of its ... More

PETROLEUM


Finance Ministry turns away Rs 600-cr royalty revenues
DID the Finance Ministry miss the wood for the trees? Last week, it squeezed out Rs 2,000 crore from Oil and Natural Gas Corporation (ONGC) as interim dividend to help bridge its fiscal deficit. However, at the Tuesday's Cabinet meeting on ... More

TAXATION


`Sort out concerns before implementing VAT'
FOR successful implementation of the value-added tax (VAT) regime, the Federation of Indian Chambers of Commerce and Industry (FICCI) has said that the concerns of various States, industry and consumers must be resolved. The main issues and ... More

MANAGEMENT


Management seminar tomorrow
COIMBATORE: GRG School of Management Studies is conducting a seminar on `Recent Trends in Human Resource Management' on Friday. The Chairman of NIPM (Coimbatore Chapter) Mr S. Swamynathan, will inaugurate the seminar. The technical ... More

CARS


Subsidy for Reva purchase
BANGALORE: Public sector units can avail themselves of a subsidy of Rs 75,000 on purchase of Reva, the electric car. This subsidy is being given by the Ministry of Non-conventional Energy (MNES) to promote the car. ... More

LEATHER


Big draw likely at German shoe fair
SHOE is big business if statistics emerging from the upcoming international fair at Dusseldorf in Germany is any indication. Messe Dusseldorf, a leading international trade fair organisation, is expecting 1,600 exhibitors from across the world ... More

INDUSTRY ASSOCIATIONS


SIEMA cries foul over steel price hike
THE Southern India Engineering Manufacturers' Association (SIEMA) has sought the intervention of the Prime Minister, Mr A.B. Vajpayee, to rein in steel manufacturers whom it accused of resorting to price increase "for dressing up their balance ... More

SCIENCE & TECHNOLOGY


Columbia disaster a setback for space research
THE Columbia tragedy did not have a human dimension alone, but also a scientific one. The space shuttle, the last flight of which had been delayed for over two years owing to maintenance problems as also other missions deemed more important ... More

PRINTING


Printing units' case for duty sops
The industry has been seeking a cut in duty on all imported paper, other than newsprint and LWC (lightweight coated paper), to 25 per cent, which, it feels, could fuel the domestic printing industry and harden the competitiveness of the local paper m anufacturers. More

DISINVESTMENT


HPCL union plans to block due diligence
THE staff association of Hindustan Petroleum Corporation Ltd (HPCL) on Wednesday reiterated their objective to thwart the Government's move to proceed with the privatisation of HPCL. It plans to block attempts by potential suitors to conduct due ... More

Due diligence for Nalco in June
THE disinvestment exercise for public sector National Aluminium Company (Nalco) is all set to be back in gear with the Government contemplating on restarting the due diligence exercise in June 2003 and completing the proposed sale before the end ... More

FOREIGN DIRECT INVESTMENT


Plan for defence industrial base: Fernandes
AMIDST a thundering display of some home-made air arsenal at the Aero India 2003, the Defence Minister, Mr George Fernanades, today invited international partners to pick a role in the country's defence sector. With an FDI of up to 26 per cent, ... More

RURAL DEVELOPMENT


Minister urges youth to form co-op societies
The recent amendments to the Multi-State Co-operative Societies Act and the National Co-operative Development Corporation Act would provide the co-operative system more functional and financial autonomy, the Union Minister said. More

LABOUR REFORMS


Panel moots Kerala Labour Authority Bill
THE first report of the Kerala Law Reforms Committee has proposed a Kerala Labour Authority Bill, 2002 which aims to bring into being a Kerala Labour Authority which will serve as an apex body to co-ordinate, regulate, streamline, monitor and ... More

EVENTS


Indo-German catalysis meet begins today
A THREE-day Indo-German conference and the 16th national symposium on catalysis, which will look at the potential of utilising this important area in pushing up the petroleum refining, petrochemicals, bulk organics, chemicals and the emerging ... More

  • Hyderabad Engagements

    ENTREPRENEURSHIP


    Incubating biz ideas for aspiring entrepreneurs
    The incubates will provide a platform for students to experience the pressures of running businesses in a competitive landscape, the pains involved in surviving, interfacing with customers and developing competitive advantage and finally growing. More
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    Top Stories
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    Banks in no mood to exempt States — Action under Securitisation Act for NPA recovery

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    `Media plans need sharper focus for more impact'

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    Columbia disaster a setback for space research

    In Focus
    Kelkar Report
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collections
    2002: A drought year
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    Jan. 26-Feb. 1
    Duty sops offered for Bangladesh goodies

    Bush tax plan a stimulus only for the super-rich

    Steel exporters to strengthen foothold

    Cost-cutting vital for textile sector survival: Study

    Power, Fertiliser Ministries oppose gas price hike

    Economic slowdown hits leather garment exports — Footwear records 7 pc growth

    April-Dec fiscal deficit declines

    Steel industry facing challenges — `Only fittest will survive'


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