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Monday, February 18, 2002

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INDUSTRY & ECONOMY

ANTI-DUMPING


Bed linen exports -- Textile body shocked at EU anti-dumping review
THE Cotton Textile Export Promotion Council (Texprocil) has said the European Commission's decision to initiate an interim review of the anti-dumping measure on imports of cotton bed-linen from India has made a mockery of the decision taken by ... More

BUDGET


Budget must address NPA problem: CII
CALLING for measures for financial sector reforms in the Union Budget, the Confederation of Indian Industry (CII) has pointed out that with the sector directly under the administration of the Finance Ministry, the Budget can not only announce ... More

ECONOMY


`Debt obligations may eat up 85 pc of India's GDP'
INDIA's total debt obligation is likely to touch as high a level as 85 per cent of the Gross Domestic Product (GDP) in the current fiscal. In a comparative study of the Indian and Chinese economies, international rating agency Standard and ... More

FOREIGN TRADE


Bengal invites Germany to set up industries
Already, several German companies such as Siemens, Otto India, Lurgi, Gontermann Peiper, Phoenix Yule and International Ferrites, have been associated with West Bengal. "Please come here and put us to test'', Mr Chatterjee, WBIDC Chairman, said. More

PSU


APSFC mulls conversion into bank
THE Andhra Pradesh State Financial Corporation (APSFC) intends to convert itself into a universal bank so as to secure low-cost funds to withstand increasing competition in the financial sector in the country. The corporation had appointed A.F. ... More

PETROLEUM


Kochi Refineries' SBM plan may leave port in dire straits
KOCHI Refineries Ltd's (KRL) plans to install a Single Buoy Mooring (SBM) facility — a mid-sea floating platform to handle large crude carriers with full load — may hit hard the Cochin Port Trust (CoPT). Nearly 80 per cent of the ... More

Plans to triple cess on crude post-decontrol
THE Union Government proposes to triple the cess on indigenous crude oil to Rs 2,700 per tonne post-April. The move may help the Government recover an additional Rs 5,940 crore every year from crude cess alone. According to sources, while ... More

PHARMACEUTICALS


Eco-friendly scheme for pharma units
THE Indian Drug Manufacturers' Association and the United States Asia Environment Partnership (USAEP) have initiated a programme to "explore clean technology applications and eco-friendly management practices'' for the domestic pharmaceutical ... More

TEXTILES


'Deregulate cotton from ECA purview'
THE Chamber of Textile Trade and Industry (COTTI) has questioned the Centre's wisdom of still keeping cotton and related textile products under the purview of the Essential Commodities Act, 1955, particularly when domestic textile industry and ... More

RAILWAY BUDGET


Rlys to mop up Rs 900 cr from freight, fares rejig
A HIKE in the rail freight tariff on essential commodities and a cut in the rates on steel and petro-products are on the anvil in the Railway Budget along with a 5 to 6 per cent increase in passenger fares. According to senior Railway Board ... More

Entry tax: Rlys no to States
WITH just a few days to go for the Rail Budget, the Railways has come under pressure from several State Governments to fork out an entry tax on goods movement. The Ministry has opposed the move, saying that it is not even recovering costs on ... More

CARS


Maruti launches Wagon-R upgrades
FACED with increasing competition from new entrants such as Fiat Palio in the B segment car market, Maruti Udyog Ltd (MUL) has launched upgraded versions of all three variants of Wagon-R. The new upgraded Wagon-Rs are being shipped to company ... More

Maker of electric car seeks support
REVA, the first electric passenger car launched in mid-2001, is looking for support from the Government and the corporate sector to make the concept of electric vehicles a success in the country. Speaking at the Green Power 2002 conference ... More

TWO/THREE WHEELERS


Suzuki seeks enabling norm for 2/3-wheeler partner
SUZUKI Motor Corp has sought an enabling provision from the Government for the right to rope in a partner in its proposed Indian subsidiary for making two and three-wheelers, according to Government sources. The Suzuki proposal, which is slated ... More

BEVERAGES


Coke to expand, consolidate business in AP
SOFT drink major, Coca Cola is on a path of consolidation and expansion in both its beverages and water business in Andhra Pradesh. It has garnered a market share of nearly 73 per cent in beverages through its range of brands while `Kinley', its ... More

FOODS & FOOD PROCESSING


McDonald's set to enter veg territory
THE long-pending entry of McDonald's into the largely vegetarian State of Gujarat will be happening sometime next month. This comes amidst a lot of soul searching by the company whether anything remotely chicken will set in well with the palate ... More

INDUSTRY ASSOCIATIONS


FAPI to employ disabled
HYDERABAD: The members of the Federation of Andhra Pradesh Industries (FAPI) would be shortly employing 500 disabled persons in their units. A decision to this effect was taken at a workshop on the disabled held here recently, according ... More

HANDLOOM


Plea to scrap ST on viscose yarn in TN
THE Sourashtra Madhya Sabha has sought the intervention of the Union Government in controlling the prices of viscose filament yarn (art silk yarn). The sabha President, Mr A.K. Ramamoorthy, in a letter to the Prime Minister, Mr Atal Bihari ... More

DISINVESTMENT


Jessop unions urge Bengal to buy Centre's stake
THE unions of the engineering PSU, Jessop & Co, have asked the West Bengal Government to acquire the 74 per cent stake in the company being offloaded by the Centre. Anger seemed to be the overriding emotion among workers at the Dum Dum factory ... More

Govt to consider Rs 500-cr facelift for Hind Copper
A MAJOR financial restructuring package for Hindustan Copper Ltd will be considered by the Union Cabinet shortly with the aim of dressing up the ailing company and making it attractive for private suitors. "The financial restructuring package ... More

Govt to offer unlimited eco indemnity to Hind Zinc bidders
THE Union Government is set to provide unlimited environment indemnity to the bidders keen on acquiring 26 per cent of its equity in the profit-making Hindustan Zinc Ltd (HZL). "We are agreeable to the demand made by some of the bidders to ... More

HPCL, BPCL sell-off gathering momentum
THE Ministry of Disinvestment (MoD) will approach the Cabinet shortly for initiating the process of sell off of the two State-owned refining companies - Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL). ... More

Gesco board clears plan to bid for SCI stake
GREAT Eastern Shipping Company Ltd (Gesco) has decided to file an Expression of Interest (EoI) for acquiring 51 per cent of the Government's stake in Shipping Corporation of India (SCI), which is being put up for privatisation through strategic ... More

Decision on strategic sale of EIL soon
THE Union Government will soon take a decision to privatise Engineers India Ltd (EIL) through the strategic sale route. "A proposal to privatise EIL by inducting a strategic partner has been submitted to the Cabinet Committee on Disinvestment ... More

Profile of a bidder
KOLKATA: Titagarh Industries Ltd (TIL) is an existing profit-making company, engaged in the manufacture of steel foundry, a host of sophisticated high-quality steel castings for railways, defence, shipbuilding, mining, power generation, ... More

EVENTS


Coffee promotion to get boost in Tenth Plan
COFFEE promotion in domestic and overseas market will get a new thrust in the 10th Five-Year Plan, according to the Coffee Board chairperson, Ms Lakshmi Venkatachalam. Speaking to newspersons on Sunday at the end of the India International ... More

EXPORTS & IMPORTS


State role in export promotion
EXPORTERS, who have of late been hardly enthusiastic about policy pronouncements by the Centre for export promotion, are eagerly looking forward to the proposed new plan being conceived jointly by the Commerce and Finance Ministries, and expected ... More
Comments & Letters to the Editor to: bleditor@thehindu.co.in

Top Stories
Sponsored ADR/GDR programme to be liberalised -- Cos may get nod to divest in unlisted arms abroad


Bharti to peg ILD rates 50% cheaper than VSNL

IT clients becoming scale-sensitive now

Gold holds on to $300/oz

`Debt obligations may eat up 85 pc of India's GDP'

Kochi Refineries' SBM plan may leave port in dire straits

`Feel good' factor back on bourses

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Feb. 10-Feb. 16
Do you know what boss expects of you at work?

Harsh winter for India Inc; only pharma, auto do well

Big euro notes fatten exporters' wallets

Delicensing dilemmas

Trade missions on coal to visit UK next week

LIC offers loan for NHDP at 100 basis pts over G-Sec rate

Industrial growth hits fiscal year low of 1.6% in Dec

PPL to set norms for sick PSUs

VSNL enters Tata family

BPCL, HPCL divestment -- Govt to pre-empt monopolies

Pechiney may bid for Nalco control

Paradeep sold for Rs 151.7 cr

States may have to foot SEB dues

Customs collections dip 14% in April-January

ISRO plans health satellite

Govt relaxes control on bulk drugs


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