The Hindu Business Line : Wednesday, June 04, 2003

AP: Central relief for victims of heat wave sought
WITH the State facing an unprecedented and a prolonged heat wave that has left over 1000 people dead and scores of others needing medical attention, the Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, has written a letter to the Prime ... More

LOTTERY

Try your luck!
People throng the van of Fortune online lottery to collect free tickets in Kochi on Monday. The company has launched a series of promotional activities, including free distribution of tickets, to attract customers. ... More

ECONOMY

NCAER says industrial recovery sustainable
The council contended that most of the macro-economic fundamentals in the economy appear to be conducive for further consolidating the current recovery. The soft interest rate regime, controlled inflation, a more than cosy foreign exchange reserves p osition and the prediction of a near normal monsoon definitely looks promising for future industrial growth. More

Uttaranchal Plan set at Rs 1,575 cr
UTTARANCHAL'S annual Plan for the current fiscal has been finalised at Rs 1,575 crore, which includes Rs 20 crore for strengthening infrastructure in the State capital. This was agreed at a meeting between the Planning Commission Deputy ... More

ENVIRONMENT

Eco awards for HPL, Bakreswar Thermal
Sources said at a time when chemical plants and thermal power plants have been identified as major polluters, the performance of these two units was heartening. More

Kerala okays Kochi green project

FOREIGN TRADE

India Club in Shanghai to boost trade, tourism
IN an effort to fully capitalise on the growing interest among Chinese tourists to visit India, the India Tourist Office is to open its doors at the soon to be launched `India Club' in Shanghai. "The Ministry of Tourism has signed up for the ... More

HEALTH

Kerala: Rs 814-cr health plan submitted to IBRD
THE Minister for Health, Mr P. Sankaran, has said that the State Government has submitted a Rs 814-crore health systems project to the World Bank for its approval. Participating in a Meet-The-Minister programme organised by the ... More

STEEL

Steel policy to be in place by this year
THE new draft of the proposed National Steel Policy has been circulated to all concerned and the Government hopes to put in place a steel policy which will provide a roadmap for future development of the sector during the current year only. This ... More

TAXATION

Karnataka Chambers want tax hikes rolled back
TRADE and industry organisations have urged the Government to withdraw the Ordinance on turnover tax and the one per cent non-collectible additional tax. Describing the move as detrimental and harmful to the trade and industry, the Greater ... More

WATER

VMC okays scheme for Godavari waters
THE Visakhapatnam Municipal Corporation (VMC) late on Monday evening approved the draft shareholders' agreement for diversion of Godavari waters to the city after a lengthy debate during which even the members of the ruling Congress expressed ... More

RADIO/TV

Broadcasters told to announce pay channel rates by June 10
EVEN as the cable operators today announced that at least 45 channels would be available in the basic tier, the Government has asked broadcasters to specify which channels would remain pay and which would go free-to air (FTA) and announce prices ... More

Hathway gearing up for CAS — Orders 75,000 set top boxes
HATHWAY Cable & Datacom Pvt Ltd has placed an order for 75,000 set top boxes (STBs) for the first phase rollout in Chennai of the conditional access system (CAS), which is proposed to be implemented from July 14. Mr K.S. Suresh Kumar, Deputy ... More

One bridge to cross
Time's ticking away for the rollout of the Conditional Access System or CAS, but the ground situation is still not clear. Will things work here on the lines of Holland? More

`MSOs will hold key for set-top boxes'
The multi-service operator will hold the key, as he will decide what services will be available to the subscriber. And "as the kind of services to be offered will be different, the hardware and the software architecture of the set-top boxes will also be different," says Mr Kainth. More

AUTOMOBILE COMPONENTS

Auto parts industry has potential to go global: ICRA
EVEN as the Indian automotive components industry is emerging as an outsourcing hub for global automotive majors, this trend will gain momentum as Indian manufacturers consolidate exports in those segments that are growing at a brisk pace in the ... More

KNITWEAR & HOSIERY

Hosiery workers, owners reach wage accord
The management bodies and workers' unions have agreed to defer a decision on the issue of introducing new productivity norms for the time being. More

DISINVESTMENT

Cargo support policy post-divestment — Preference for only Indian-registered SCI ships
"This simply means that the strategic buyer of SCI cannot flag-out any of the company's vessels abroad through a subsidiary and then seek cargo preference for such vessels in India," Government sources said. More

SMALL SAVINGS

EPF rate cut condemned in Kochi

FOREIGN DIRECT INVESTMENT

FDI from Germany on the decline
WHILE there has been a marginal increase in the number of approved FDI proposals from Germany in recent times, the amount actually sanctioned has fallen significantly. The year 2002 saw a higher number of approvals for German collaborations, ... More

SOCIAL WELFARE

Rotary Club of Hyd medical camps
IN a bid to provide healthcare support to the children in the age group of 6-11 years, the Rotary Club of Hyderabad will be launching a three-year healthcare initiative on July 4 in the neighbouring Ranga Reddy district. To be implemented in 12 ... More

Rs 120-cr Central aid for education in Kerala
THIRUVANANTHAPURAM: The Education Minister, Mr Nalakth Soopy, has said that the State would receive an allocation of Rs 120 crore during the current financial year under the Centre's Sarv Sikshan Abhiyan. Sarv Sikshan Abhiyan is aimed ... More

HUMAN RESOURCES

`US may tighten L1 visa norms'
EVEN as US immigration regulations including work permits are being hotly debated, a New Jersey-based attorney maintains that there is a possibility of bringing certain changes to L1 category visas making it tougher for employers with regard to ... More

`Internet to play key role in recruitment'
"TREAT employees like gold so that they treat your consumers like gold,'' said Mr Jeff Taylor, Founder and Chairman of Monster. "This becomes relevant in the new scenario when consumers are in control." Mr Taylor was speaking on `Global Trends ... More

EXPORTS & IMPORTS

Software exports up 26% in 2002-03
SOFTWARE and service exports from India during 2002-03 grew by 26.3 per cent (in rupee terms) to Rs 46,100 crore compared to Rs 36,500 crore in the previous year, according to the National Association of Software and Service Companies ... More

Bengal plans new export promotion body in policy
THE West Bengal Government, in a bid to increase the State's share of exports (all India) from 6.2 per cent in 2001-02 to 9 per cent by 2006-07, has finalised the State export policy, on the lines of the Uttar Pradesh model. The policy, which ... More

Karnataka leads in software exports
KARNATAKA continues to be the largest software exporting State in the country, having raked in Rs 12,350 crore during 2002-03, according to data released by Software Technology Parks of India (STPI). Software exports from STPI units in ... More

TOURISM

For a kosy ride
Tourist boat operators are having a good time in Kochi even during the off-season, as evident from the large number of boats anchored off the Marine Drive there. Customers are offered an hour's ride and snacks for just Rs 30 per ... More

Southern States plan brand image for tourism
INSPIRED by the `Golden Triangle' of Agra-Delhi-Jaipur tourism circuit in North India, the four Southern States are contemplating to create a `brand image' to package the South as a tourist destination by having an apex body and introduction of a ... More

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