Financial Daily from THE HINDU group of publications
Wednesday, February 20, 2002
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INDUSTRY & ECONOMY

ANTI-DUMPING


Dumping duty delay irks tile companies
DOMESTIC producers of vitrified tiles are agitated over the dithering by the Finance Ministry in imposing an interim anti-dumping duty recommended by the Director-General of Anti-Dumping (DGAD) in December last year. Industry sources told ... More

ECONOMY


Plan panel faults Centre for States' profligacy
As loans accruing to the consolidated fund of State Governments are largely swayed by the fiscal stance of the Centre, the latter is in a sound position to restrict the net borrowing level of States within limits deemed appropriate by financial plann ing. More

US recovery will be subdued
THE rest of the world is watching the US economy with bated breath. It has every reason to. It is estimated that no less than 60 per cent of the growth of the global economy in the last few years was engineered by America. The stakes for those ... More

Naidu takes on critics of AP fiscal policy
THE Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, has called upon the critics of his economic policies - who recently compared it with that of Argentina's - to first analyse the finances of States such as Kerala, Madhya Pradesh ... More

ELECTRONICS


Customs self-declaration likely for electronic parts import
THE Government is set to simplify customs procedures for electronic component imports by allowing self-declaration at ports and airports aimed at reducing turnaround time to benefit domestic hardware manufacturers. According to industry ... More

ENGINEERING


Machine tool makers seek excise duty cut
THE Indian Machine Tools Manufacturers' Association (IMTMA) has made several recommendations to the Government for reducing the ultimate tax incidence on customers and removing the anomalies in the existing tax structure. It has sought ... More

FOREIGN TRADE


Bid to boost trade with West Africa
KOLKATA: The Engineering Export Promotion Council has organised a buyer-seller meet in Nigeria and Ghana, boosting the scope for India's trade with these two countries. In a statement, Mr J.S. Bhasin of EEPC said that some 17 Indian ... More

PETROLEUM


Slide in petro consumption slows
DIESEL consumption was 2.67 per cent less in the nine-month period from April 2001 to January 2002. The overall consumption of petroleum products was 0.3 per cent down during the period. "But the rate of decline in overall consumption has been ... More

POWER


Bengal turns to ballads to check power thefts
EVEN as the legislation to stop power theft in the State awaits Presidential assent, the West Bengal Power Department is planning to hold roadshows in districts, getting minstrels to belt out ballads in a devotional style to educate people on the ... More

SSI


ICICI Infotech launches Orion
MUMBAI: ICICI Infotech, a subsidiary of ICICI Ltd, has announced the launch of Orion — a suite of enterprise solutions (ES) targeted primarily at the small and medium enterprises (SME). The product is designed to address the ... More

GEMS & JEWELLERY


TN goldsmiths oppose rapid mechanisation
TRADITIONAL goldsmiths are up in arms against creeping mechanisation in jewellery industry which they fear is shrinking the employment opportunities to them. The artisans here under an umbrella organisation — Federation of Goldsmiths and ... More

METALS


Packaging & other issues -- Good scope to raise tinplate use
AN analysis of the consumption trends suggests enough scope to increase tinplate use in packaging well beyond the present 3,00,000 tonnes. Significantly, the edible oil/vanaspati segment, which has the largest share at 1,21,000 tonnes, offers ... More

INDUSTRY ASSOCIATIONS


Soap industry peeved at customs classification
INCORRECT classification of a key raw material for soap manufacture — crude palm stearine (CPS) — by some customs commissionerates has upset the domestic soap industry, which has moved the Centre for redressal. According to industry ... More

CII to open Kabul office
IN an effort to help in the reconstruction of war-ravaged Afghanistan, the Confederation of Indian Industry (CII) plans to not only open an office in Kabul but also set up an India-Afghanistan Association shortly. "Afghanistan is a nation in ... More

DISINVESTMENT


Global majors join race for SCI; 12 EoIs received
THE Union Government has received 12 expressions of interest (EoIs) from potential bidders keen on acquiring a 51 per cent controlling stake in Shipping Corporation of India (SCI). These include Mitsui O.S.K.Lines, CMA-CGM, V-Ship, OOCCL, Aban ... More

FOREIGN DIRECT INVESTMENT


PMO okays 26 pc FDI in periodicals -- Dailies spared; 100% in advt proposed
THE Government is set to seek the Cabinet's approval for a proposal to permit 26 per cent foreign direct investment (FDI) in the print media for periodicals including weeklies, fortnightlies and monthlies. If approved, this would end a moratorium ... More

EVENTS


Kochi to host workshop for engineers
THE Institution of Engineers (India), Kochi local centre, is organising a regional workshop on strengthening the programme for engineering associations in India on Wednesday. According to an official release, the programme would aim at ... More

EXPORTS & IMPORTS


Moves afoot for services sector export strategy
THE Commerce Ministry has initiated steps to formulate a medium-term export strategy for the services sector. At a briefing and interaction session on medium-term export strategy, 2002-07, on Tuesday, Dr H.A.C. Prasad, Advisor, Economic ... More

PERFORMANCE


  • BHEL among 10 `best employers'
    Comments & Letters to the Editor to: bleditor@thehindu.co.in
  • Top Stories
    `Landless rich' knock more on SBI doors


    Consumer spend on the rise: Study

    Govt panel raises hopes for nidhis

    Slide in petro consumption slows

    Global majors join race for SCI; 12 EoIs received

    PMO okays 26 pc FDI in periodicals -- Dailies spared; 100% in advt proposed

    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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