Financial Daily from THE HINDU group of publications
Thursday, June 12, 2003
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INDUSTRY & ECONOMY

ECONOMY


Monsoon delay cripples power and farm sectors in Kerala
THE southwest monsoon seems to have eluded most of Kerala where it used to hit on the first of June almost every year. Only some parts of northern Kerala received some showers two days ago, with no rains in central and southern regions. "It is ... More

Annual Plan finalised at Rs 7,000 cr — Pant asks TN to follow new cropping patterns
TAMIL Nadu's annual Plan for the current fiscal has been pegged at Rs 7,000 crore inclusive of Rs 70 crore by way of special assistance for priority schemes being undertaken by the State Government. This was decided here at a meeting between ... More

FERTILISERS


`Unviable' tariff norms bleed fertiliser sector
MANUFACTURERS of phosphatic fertilisers in the country are facing a crisis because of the unviable tariff fixed by the Government, industry captains said on Wednesday. Ever since the revised norms for subsidy-fixation came into effect in ... More

HEALTH


AP Govt urged to crack down on quacks
CLOSE on the heels of its campaign against the fish medicine distribution in Hyderabad that was believed to heal asthma, the Andhra Pradesh Chapter of Federation of Atheist Rationalist Humanist Association (FARA) has alerted the State Government ... More

INFRASTRUCTURE


Eco-Enterprises Park coming up at Dindigul
THE State Industries Promotion Corporation of Tamil Nadu made a pitch to potential investors to take up space at the Eco-Enterprises Park proposed to come up in the Nilakottai Agro Industrial Complex in Dindigul district. Addressing the ... More

SEZ status for Kochi-Vallarpadam container terminal — Cabinet clears 40 projects worth Rs 6,846 crore
THE State Government has extended in-principle approval to 40 industrial projects involving a total investment of Rs 6,846 crore. The list includes some of the proposals put up during the Global Investors Meet in Kochi earlier this year. ... More

POWER


Basic changes must in power transmission, says CII
CII points out that open access be provided against payment of transmission charges as determined by the Central Electricity Regulatory Commission and more than one transmission licensee be permitted in a State. More

CERC set to review orders
THE Central sector power regulator, Central Electricity Regulatory Commission (CERC), will be reviewing some of its earlier orders including the controversial Availability Based Tariffs (ABT) order. "We are reviewing a whole host of orders ... More

TEXTILES


Passing of excise duty credit to multiple buyers — New mechanism developed to help powerloom weavers
THE Finance Ministry has devised a mechanism through which credit of excise duty paid on yarn used by the exempted powerloom units can be passed to multiple buyers. Powerloom weavers had sought a mechanism that would enable them to pass on the ... More

SSI


SQC offers help in raising funds for CMMI transition
THE Bangalore-based Software Quality Centre (SQC) is offering small and medium sized companies in Kerala the option of talking with leading private banks for part-funding the process of quality assessments/ improvement against the Capability ... More

Bengal mulls policy to boost small-scale sector
THE West Bengal Government is contemplating working out a policy to support the cottage and small-scale industry for technological development. This was announced by Mr Bansa Gopal Chowdhury, Minister for Small-Scale Industries, while ... More

COAL


Panel to look into Bengal coal co's plea for blocks
A COMMITTEE has been set up to examine the application for allotment of fresh mine blocks for captive mining by Bengal Emta Coal Mines Ltd (BECML), a joint venture of State-owned power companies and a private sector firm. Sources said that ... More

BREWERIES


Formation of State Beverages Corporation — Mallya's support leaves distillers wary
THE UB group Chairman, Mr Vijay Mallya, is at the centre of a new storm that is swaying the liquor business and the State politics here. Karnataka's liquor industry is in serious churn with Mr Mallya reiterating his support to the formation of ... More

RADIO/TV


Discount pricing to bait TV viewers?
IF you thought that buying a set-top box (STB) to watch pay channels would put an end to frequent price changes, then you could be in for a shock. For, the proposals being considered by broadcasters could well be a case of first dangling the ... More

HCV/LCV/TRACTORS


`Inventory reduction key to tractor industry growth'
"Reduction of high inventory levels will be a critical determinant of the likely wholesale volume growth in the domestic tractor industry over the next 12-18 months.'' More

KNITWEAR & HOSIERY


Change of port allowed for exporters of hosiery
THE Central Board of Excise and Customs (CBEC) has allowed a request from the exporters of hosiery products to permit change of port other than the one mentioned in the export document issued by the Apparel Export Promotion Council (AEPC) so that ... More

SCIENCE & TECHNOLOGY


UAE's Thuraya launches 2nd satellite
THE UAE's Thuraya company has successfully launched its second satellite, the Thuraya-2 into geosynchronous orbit, thereby expanding its capacity and opening up new opportunities in its service and application offerings. The Thuraya-2 ... More

NEWSPAPERS & PUBLISHING


Syndication norms eased for newspapers
THE Government has decided to allow registered Indian newspapers to enter into syndication arrangements with foreign newspapers using the automatic route upon fulfilment of certain conditions. Currently, Indian publications could enter into ... More

DISINVESTMENT


Four companies shortlisted for SCI stake
THE Disinvestment Ministry has pre-qualified four bidders including Essar group, Sterlite and Videocon for acquiring a controlling stake of 51 per cent in Shipping Corporation of India (SCI). All the four bids, including one from a foreign ... More

EVENTS


CIDEX plans 3 expos in Sept
CIDEX, a joint venture of Messe Dusseldorf and KolnMesse International would hold three expos — automation, pharma and biotech — simultaneously in Hyderabad between September 24 and 27. The expos will be held at the Hitex exhibition ... More

INTERNATIONAL TRAVEL


Relief for US visa seekers
TO clear the backlog of visa applications from Chennai, the United States Embassy has announced that genuine applicants could approach New Delhi or Kolkata offices for speedy disposal of their cases. "The backlog of visa applications has risen ... More

EXPORTS & IMPORTS


Tobacco exports pegged at Rs 980 cr
THE Tobacco Board has projected tobacco and tobacco product exports to touch 1.15 lakh tonnes during 2003-04. This performance is expected to result in value realisation of about Rs 980 crore during the current financial year, official sources ... More

TOURISM


`Elements of Kerala' to woo tourists
TOURISM combined with an opportunity to assist the needy just about sums up a new tour package developed by the city-based Jayasree Travels and Tours Co. Branded `Elements of Kerala', the seven-day package is structured in such a way that $5 ... More
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Top Stories
Passing of excise duty credit to multiple buyers — New mechanism developed to help powerloom weavers


Change of port allowed for exporters of hosiery

And now, it's tobacco-free bidis!

Wipro Spectramind top ITES earner

Public sector general insurers — Govt gets GIC stake for free

Second monsoon pulse likely next week

Relief for US visa seekers

In Focus
SARS scare
The Cable tangle
Pakistan Diary
Indo-Pak Monitor
Indo-China Relations
Telecom Competition
Oil PSUs: Disinvestment dilemma
NPAs in Banking
In Depth
Simple Economics
Consumer Notes
Tax Talk
The Brahmananda collection
NRIs & Investment Avenues
Corporate Governance
Gold: Still the winner?
Cars: Always a beauty
Books and Reviews
Looking back
Jun. 1-Jun. 7
Traditional items propel export growth

Bollywood declares war on tobacco

India Inc sees moderate positive confidence

Pension reforms: Hidden costs, viability worry EPFO

Plan panel sets up task force on job creation

Domestic destinations turning tourist hot spots

Edible oil imports may touch 55 lakh tonnes

Software exports up 26% in 2002-03

`US may tighten L1 visa norms'

BITS, Pilani opens campus in Dubai

Rupee depreciation versus euro — European auto cos to absorb hike

Strong Re to boost oil cos' earnings

Shipping, oil industries on collision course — Age criteria for tankers and CAP ratings

A champagne year for steel cos

CAS may make going tough for media cos

Preferential trade pact with Egypt soon

Kerala: `Weak' monsoon onset predicted

Float glass imports from China, Indonesia — Domestic industry seeks permanent dumping duty


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