Financial Daily from THE HINDU group of publications
Tuesday, May 07, 2002
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INDUSTRY & ECONOMY

ANTI-DUMPING


Dumping duty mooted on Vit A
NEW DELHI: The Designated Authority in the Ministry of Commerce and Industry has recommended the imposition of provisional anti-dumping duty on imports of Vitamin A Palmitate from the European Union and Georgia. The petition seeking ... More

BUDGET


Parliament okay for Budget
PARLIAMENT has approved the Budget with the Rajya Sabha returning the Finance Bill, 2002 on Monday. The Finance Minister, MrYashwant Sinha, gave an assurance that the Centre would not adopt an adversarial approach in tackling the fiscal crisis ... More

ECONOMY


Fiscal devolution still a major issue: Naidu
In spite of representation during the Eleventh Finance Commission, the tax devolution has come down. The ratio of Central taxes to total revenues has been declining since 1996-97, according to the Andhra Pradesh Chief Minister, Mr N. Chandrababu Naid u. More

$315-m IBRD loan for Kerala, Mizoram
THE World Bank on Monday signed agreements with the Government to provide $ 315 million loan for two road sector projects in Kerala and Mizoram. The Fund-Bank would provide $ 255 million for the Kerala project and $ 60 million for the Mizoram ... More

FOREIGN TRADE


Sharjah free zone woos Indian cos
LURING the Indian business houses to Sharjah, Sharjah Airport International Free Zone Authority (SAIF-Zone) on Monday highlighted the incentives and facilities offered to industry. "There is no magic formula for success in business. As the ... More

Rule of origin problems with US -- India for bilateral solutions
INDIA today said that it was not interested in invoking the remedial measures available under the dispute settlement understanding (DSU) of the World Trade Organisation (WTO) for settling the rules of origin problems with the US. The US had ... More

PSU


State as super venture capitalist
THE public sector — whether the industrial undertakings or the utilities — helped establish a social and industrial infrastructure. While the public sector undertakings (PSUs) have come in for a re-defined role in terms of ... More

PETROLEUM


Petroleum Regulatory Bill has arm's length clause
A BILL seeking to set up a Petroleum Regulatory Board to oversee and regulate the refining, processing, storage, transportation, distribution, marketing and sale of petroleum and petroleum products was introduced in the Lok Sabha, today. The ... More

`Krishna-Godavari ONGC project making rapid strides'
THE ONGC, Krishna-Godavari project, has contributed substantially to the development of the region. It had spent Rs 55 crore on welfare and development works since inception in 1979 and one of the major works being the Yanam-Edurlanka inter-State ... More

PHARMACEUTICALS


Drug, cosmetic rules amended
THE Government has amended Drugs and Cosmetics Rules, 1945 to bring about changes in Schedule K, which lists the classes of drugs and the extent and conditions of exemption granted to these drugs from the provisions of Chapter IV of the Drugs and ... More

POWER


IEA suggests merger of energy ministries
THE International Energy Agency (IEA) has recommended that the Union Government merge the four existing energy ministries into a single one. Currently, the Petroleum, Coal, Power and Non-Conventional Energy Sources Ministries cater to the energy ... More

BHEL in talks to market power saving device
THE public sector BHEL is in dialogue with major power utilities to market a `controlled shunt reactor' (CSR) device, which substantially cuts transmission losses and saves money. Power Grid Corporation of India Ltd (PGCIL), the Central ... More

WATER MANAGEMENT


Boom time for water tankers in twin cities
The rapid rise in high-rise apartments and big colonies, as well as the increased construction activity, have put pressure on water supply and demands for tanker supply. More

NGRI gets funds for water project
HYDERABAD: The National Geophysical Research Institute (NGRI), here has got a funding grant of Rs 5.92 lakh to undertake studies to establish fresh sources of ground water resources and protect them. The Union Ministry of Rural ... More

CIGARETTES


Ire over `unfair deal' for cigarette tobacco
THE Tobacco Institute of India (TII) has called for an end to the discrimination against cigarette tobaccos. Mr A.C. Sarkar, Director, TII, said the discriminatory taxes, both at the Central and State level, legislation banning smoking in ... More

MEDICAL & SURGICAL EQUIPMENTS


Brand scheme scrapping irks medical devices industry
THE domestic medical devices industry fears that its exports would see a negative growth this year, following the scrapping of the brand-promotion scheme in this year's Exim Policy. Faced with competitive generic products from the Chinese and ... More

INDUSTRY ASSOCIATIONS


TN Chamber seeks tax relief
THE Tamil Nadu Chamber of Commerce and Industry, in a statement here, said that if satisfactory tax relief and concessions were not announced by the State Government, the Joint Action Committee would meet again and decide on the next course of ... More

SCIENCE & TECHNOLOGY


  • Bangalore to have DNA profiling centre

    DISINVESTMENT


    HPCL or BPCL the `real target' for Iffco-Kribhco
    IT is not the Shipping Corporation of India (SCI) but one of the two oil companies — HPCL or BPCL — which is the real target of acquisition for the Iffco-Kribhco combine. "Although, we are bidding for SCI and will undertake the due ... More

    Bharat Bhari may sell entire holding in Braithwaite Burn
    BHARAT Bhari Udyog Nigam Ltd (BBUNL), the holding company for a clutch of engineering PSUs, may sell 100 per cent of its holding in its subsidiary Braithwaite Burn and Jessop (BBJ). BBJ, for whom the divestment process has already been ... More

    TRADE & LABOUR UNIONS


    TN: Bill to ban strikes introduced
    THE Tamil Nadu Government is hoping to arm itself with a legislation that will give it powers to deal more stringently, including imprisonment and imposing a fine, with strikes in any essential service. The proposed legislation is to be called ... More

  • Kerala: Speaker's attitude resented

    EVENTS


    Meet on public governance to examine issues
    PUBLIC governance and strategies for improving organisational efficiency will be the focus of a three-day national conference opening here on May 9. The event organised by the Bangalore Management Association (BMA) along with the All India ... More

    Print and Pack 2002 expo
    A worker demonstrating the functioning of an auto print machine at the Print and Pack 2002 exposition in Bangalore

    More

    For a fair deal
    More than 200 physically disabled activists on Monday courted arrest while marching towards the Prime Minister's residence in New Delhi to press for their demands, including reservation of jobs and raising of income-tax exemption limit. The ... More

  • PRSI to organise lecture
  • Bangalore Engagements

    TOURISM


    Reaching Ooty — an uphill task
    REACHING the `Queen of Hill Stations' Udhagamandalam (Ooty) from Coimbatore by bus has become an ordeal for tourists, particularly on weekends during the April-May peak season when schools are closed. The problem has been compounded by the fact ... More
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    Oil cos may go in for staggered price hike

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    Land bridge to Lanka to cost $500 million

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    Pvt sector allowed into primary healthcare


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