Financial Daily from THE HINDU group of publications
Saturday, April 12, 2003
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INDUSTRY & ECONOMY

ECONOMY


8 per cent growth target realisable, says India Inc — `Manufacturing, core sectors hold key'
CAN the country's annual growth rate crawl up from 5.6 per cent in 2002-03 to the targeted 8 per cent? The broad sentiment in Indian industry is that it is a "realisable target", but it significantly hinges on how well domestic growth is balanced ... More

ENVIRONMENT


BET for better civic projects
NOISE pollution, solid waste management, cleansing of lakes, traffic management, the city corporation's byelaws — the areas in which Bangalore Environment Trust (BET) has contributed is long. The 16-member team that forms the Trust has ... More

EXCISE AND CUSTOMS


Tirupur back in Coimbatore Excise purview
TIRUPUR Central Excise/Customs division, hitherto operating under the Salem Central Excise commissionerate has been remerged with the Coimbatore Central Excise Commissionerate with immediate effect. The remerger of the Tirupur Central ... More

INFRASTRUCTURE


Nanguneri industrial park `gone with the wind'
"GONE with the wind," was the State Information Technology Minister, Mr D. Jayakumar's cryptic reply when a member in the Assembly enquired about the fate of the multi-crore high-tech industrial park which was to come up at Nanguneri in ... More

PSU


CAG pulls up AP Housing Corporation
THE Comptroller and Auditor General (CAG) has pulled up the Andhra Pradesh State Housing Corporation "for changing the subsidy-based all-India scheme into a loan-based State Government scheme without approval of either Central or State ... More

TAXATION


VAT on sugar, textile, tobacco items — Centre urged to review need for additional excise duty
THE PHD Chamber of Commerce and Industry (Phdcci) has urged the Centre to examine the need for levy of additional duty of excise (AED) on sugar, textiles and tobacco products in a scenario where States are to be empowered to impose value added ... More

House panel finds fault with toll collection policy
THE Parliamentary Standing Committee on Transport has recommended that the Government change its policy on collecting tolls on roads and bridges in perpetuity saying that the toll collection should be stopped once the construction cost along with ... More

TEXTILES


Small powerloom weavers may get some excise relief
THE Centre may not agree for a roll-back of the textile Cenvat chain though weavers in the decentralised powerloom clusters are opposing the extension of excise duty on fabrics woven by them. But it seems it may relent on their demand to exempt ... More

`EU ready for near-zero duty on textiles'
THE European Union and India have set in motion a dialogue to operationalise the areas of convergence between them in a bid to charter the Doha Development Agenda roadmap to the Cancun ministerial meeting of the World Trade Organisation. In an ... More

SSI


Seminar on small industries
KOCHI: The Institute of Small Enterprises and Development is organising a one-day seminar on globalisation and challenges of small industry on April 30. The seminar will deliberate on the key areas of concern such as patents, trademarks, ... More

WATER


Forgotten project
The Musi River and the Nandanavanam Project seem to have been forgotten by all. A few years back, the State Government had initiated with much fanfare a project to cleanse the river. But this picture of the river filled with drainage water taken ... More

Sabarmati river front body gets PM's award
THE Sabarmati River Front Development Corporation has bagged the Prime Minister's award for excellence in urban planning and design for cleaning up the river and getting water to the nearly dry river in Ahmedabad. The JVSL township in Bellary ... More

EDUCATION


TN okays plan for law college near Chennai
THE Tamil Nadu Government has approved the Dr Ambedkar Law University's proposal to set up a law college near Chennai, said the Minister for Law, Mr D. Jayakumar in the Assembly today. Moving the demand for grants for the law department, Mr ... More

AUTOMOBILE COMPONENTS


Indo-German cos' income up 3.36 %
INDO-GERMAN companies listed on domestic bourses have recorded a bottomline growth of 28.54 per cent during the three months ended December 2002 compared to the corresponding period of the previous year, a review conducted by the Indo-German ... More

MEDICAL INSTITUTIONS & HOSPITALS


Kerala CM to lay foundation stone
KOCHI: The foundation stone for the new block of the PVS Memorial Hospital and Trade Centre will be laid by the Chief Minister, Mr A.K. Antony, on the hospital premises on April 12. Mr P.V. Chandran, Chairman of the hospital, said that ... More

REAL ESTATE & CONSTRUCTION


Karnataka may empower banks for property registration
WITH the amendment to the Stamp Act to do away with the age-old stamp paper printed in the Government Press, Karnataka is planning to try out the medium of a nationalised bank to validate property registration documentation before being endorsed ... More

INDUSTRY ASSOCIATIONS


MAIT urges excise duty cut to boost PC sales
PRICES of personal computers (PCs) could come down by Rs 3,000-5,000 and spur sales by 30-35 per cent if the Government cuts the excise duty to eight per cent from the current 16 per cent, the Manufacturers Association for Information Technology ... More

`Electricity Bill to open more doors for investments'
THE Confederation of Indian Industry (CII) has welcomed the passage of the much-awaited Electricity Bill 2001 by the Lok Sabha and expressed the hope that the passage of the Bill by the Rajya Sabha will now just be routine. In a statement, the ... More

SCIENCE & TECHNOLOGY


Insat-3A has space to make more money
ANY talk of money from space is somewhat anathema in the rather socialist portals of the Department of Space. But the just launched Insat-3A seems set to be a major cash-cow for the domestic space agency, going by the user interest it has ... More

DISINVESTMENT


BBUNL set to take Jessop sell-off issue to SC
BHARAT Bhari Udyog Nigam Ltd (BBUNL) is all set to take the Jessop & Company disinvestment matter to the apex court. Sources said that this would happen as soon as it gets the necessary papers from the Calcutta High Court which had, on March ... More

Ministry invites advisors for Hind Paper divestment
THE Union Ministry of Disinvestment has begun the process of disinvesting the Centre's 74 per cent of the total equity share capital holding in Hindustan Paper Corporation (HPC), thereby sending the clear message that the Government does not want ... More

RURAL DEVELOPMENT


Priority for Kerala tribal rehabilitation
THIRUVANANTHAPURAM: Tribal rehabilitation works accounted for as much as Rs 51.5 crore (64.4 per cent) out of the Rs 78.2 crore spent under various heads during 2002-03, according to a spokesman of the Tribal Welfare Department. This ... More

EVENTS


`India Inc, MNCs are two sides of the same coin'
INDIA Inc need not fear the multinational corporations (MNCs) any more. For, India Inc has the home advantage while MNCs are required to package their product offerings keeping in view local flavours and tastes, according to Mr N.D. Mehta, ... More

EXPORTS & IMPORTS


Scope to export farm implements to Uganda
THERE is scope for exporting agricultural machinery, including tractors and power tillers, to Uganda, according to Mr Deepak Roy, Indian High Commissioner in Uganda. Exporters should explore business opportunities with regard to smaller ... More

ALTERNATIVE MEDICINES


Herbal market poised for healthy growth
THE green consumer is coming of age. The demand for medicinal plants is increasing everyday and the World Health Organisation (WHO) has projected that the global herbal market will grow to $5 trillion by 2050 from the current level of $62 ... More

TOURISM


Husain, Tharoor team up to sell Kerala to tourists
POSITIONED as a `celebration of Kerala', God's Own Country, a coffee table book with illustrations by painter M.F. Husain and text by author Shashi Tharoor, was released at a function here today. The 57-page book, brought out by the ... More

Tourist facilitation centre to come up in Hyderabad
The idea is to provide at one place all the requirements for a tourist visiting Andhra Pradesh or going out from Hyderabad to any other destination. More

STANDARDS & BENCHMARKS


Review of food adulteration scheme mooted
EVEN as the pesticide-residue issue that rattled the bottled water industry in the not-so-distant past remains to be completely resolved, a Standing Committee report has recommended an "overall review" of the Prevention of Food Adulteration (PFA) ... More
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Top Stories
MAIT urges excise duty cut to boost PC sales


8 per cent growth target realisable, says India Inc — `Manufacturing, core sectors hold key'

VAT on sugar, textile, tobacco items — Centre urged to review need for additional excise duty

Govt to set up 30 seafood test labs to help exports

SBI clocks 50 pc growth in housing loan portfolio — Outstanding at Rs 11,729 cr as on Feb

In Focus
Run-up to Budget
Kelkar Report
Bottled water: How safe is it?
Telecom Competition
Oil PSUs: Disinvestment dilemma
Housing Fin. rate war: Bonanza for consumers!
NPAs in Banking
In Depth
Simple Economics
Consumer Notes
Tax Talk
The Brahmananda collections
NRIs & Investment Avenues
Corporate Governance
Gold: Still the winner?
Cars: Always a beauty
Books and Reviews
Looking back
Mar. 30-Apr. 5
War makes way for tourists to feel God's own Country

War, media and sheer hypocrisy

Exim Policy provides more sops to SEZs

Exim Policy proactive, says India Inc

Cabinet okays six-level intervention plan — Rs 40,000 cr earmarked to rev up State power boards

Rubber stocks dip on higher offtake — 30,000-tonne imports likely by tyre makers before August

Will the war serve US interests?

Offshore staff help forex kitty boom

Incidence of cancer quite high in India

ISRO team reviews draft on lunar mission


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