Financial Daily from THE HINDU group of publications
Friday, February 07, 2003
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INDUSTRY & ECONOMY

TOYS


Toy exports seen to touch $35 m
INDIAN toys in aesthetic, ergonomic designs and customer friendly protective packaging were being well received by buyers from the US, Europe and West Asia, according to the Toy Association of India (TAI), a representative body of over 700 ... More

ELECTRONICS


Massive haul of pirated VCDs
IN a massive raid city police seized nearly 14,500 video compact disks (VCDs), which displayed pirated versions of 2,268 movies in three different languages (Hindi, Tamil and English), from three private concerns in Hyderabad. The sleuths of ... More

ENVIRONMENT


Pampa action plan may be delayed
IMPLEMENTATION of the Pampa Action Plan is likely to be delayed as the detailed project report based on the guidelines of the National River Conservation Programme (NRCP) is yet to be submitted by the State Government to the Union Ministry of ... More

FOREIGN TRADE


France keen to strengthen trade ties with India
``We need to ask why France and India, as major international trade players, have not yet managed to find ways of developing their trade," Mr Raffarin said. More

INFRASTRUCTURE


Cyberabad to sport golf course, convention centre
The golf course, with multi-use residential and commercial development, would be set up in Manikonda village opposite to the Indian School of Business here. More

Rs 22-cr French loan for BDA project
FRANCE today announced a Rs 22-crore loan assistance for a project that will modernise the preparation of master plan of the landscape and basic urban facilities in Bangalore. The soft loan carrying an interest rate of two per cent is repayable ... More

PETROLEUM


Tap the potential of gas find: Barnala
FOLLOWING the natural gas find along the costal region in Andhra Pradesh, there is the potential for a spin-off opportunity in the form of use of natural gas as a feedstock for bulk and speciality chemicals, according to Mr S.S.Barnala, Governor ... More

POWER


Restarting Dabhol project — GE, Bechtel agree on unconditional support
GE and Bechtel, equity-holders in the Enron-promoted Dabhol power project, today agreed to unconditionally offer support to restart the project, according to Power Minister, Mr Anant Geete. On its part, the Government has agreed to actively ... More

STEEL


KIOCL looking at iron ore sources for pellet plant
IN its continuing search for `alternative' sites to ensure its survival, Kudremukh Iron Ore Company Ltd (KIOCL) has applied for mining rights in the Ramanadurga area of Bellary as well as Chikkanayakanahalli near Tumkur. In fact, the company, ... More

TAXATION


`VAT must be made industry-friendly'
THE Confederation of Indian Industry (CII), Kerala has submitted a detailed recommendation to the State Government on the Kerala Value Added Sales Tax Bill 2002 so as to make VAT industry-friendly. In a statement, it said that the basic premise ... More

TEXTILES


48 more textile mills shut shop in Apr-Nov
AT least 48 more textile mills folded up their operations between April-November 2002, the latest period for which statistics are available, taking the total number of the closed textile mills nationwide in the organised sector to 469. Within ... More

SSI


Plan for SSI showrooms in Mumbai, Delhi
IN an effort to promote the small-scale industry in the north-eastern part of the country, the Department of Small Scale Industry plans to open two showrooms in Delhi and Mumbai to exhibit the diverse range of products made by the sector. The ... More

MANAGEMENT


`Managers should sense people's feelings'
"LISTEN to the song behind the words." That was the crux of the keynote address by Mr R. Gopalakrishnan, Executive Director of Tata Sons, at the 3rd Sir Jehangir Ghandy Memorial Lecture hosted by the Calcutta Management Association on Thursday. ... More

RADIO/TV


Keep consumer in mind, Minister tells broadcasters
BROADCASTERS should find ways to bring in a consumer-friendly regime under the Conditional Access System (CAS), which gives cable TV viewers a choice of subscribing only to desired pay channels, the Information and Broadcasting Minister, Mr Ravi ... More

BIO-TECH & GENETICS


CDFD earns Rs 40 lakh from external sources
THE Centre for DNA Fingerprinting and Diagnostics (CDFD), here, which specialises in genetic engineering and deoxyribonucleic acid (DNA) fingerprinting techniques has earned Rs 40 lakh from external sources during the financial year ... More

DISINVESTMENT


HC dismisses plea against oil PSUs' sale
The Division Bench observed that the petition was not maintainable as the questions raised in the petition were identical to those in the BALCO case. More

SOCIAL WELFARE


Free houses for the poor
BANGALORE: The Matha Amrithanandamayi Math is distributing 1,000 houses free to economically and socially-challenged sections of Bangalore. This was announced here by the head of the Karnataka wing of the Math, Brahmchari Narayana ... More

RURAL DEVELOPMENT


Velugu second phase to be implemented soon
In phase 2, for which all the preparatory work has been completed, a new component being added was `disability'. The idea was to empower people with various disabilities, who have hitherto been ignored in various programmes. More

TRADE & LABOUR UNIONS


Water transport workers to join Parliament March
THE Water Transport Workers Federation of India will participate in the Parliament March on February 26, organised by the port and dock workers of all major ports. The federation's working committee meeting in Chennai had decided to participate ... More

EVENTS


Bengal CM invites investors to AEZs
THE West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, has called upon domestic and foreign private investors to come forward in a big way to take advantage of the emerging scenario in the agri-business sector. Inaugurating an Investors' ... More

Indian flavour at Swiss symposium
The symposium, seen as the next hot-stop after the World Economic Forum (WEF), will host about 600 delegates from across the world, in addition to about 250 students. More

VAT seminar in Mangalore
MANGALORE: As part of its `communication strategy' to educate dealers on value added tax (VAT), the Department of Commercial Taxes of the Karnataka Government is organising district-level `VAT seminars' during February. According to a ... More

Home exhibition in Madurai from today
THE nineteenth All-India Ideal Home Exhibition, organised by the Madurai District Tiny And Small Scale Industries Association (Maditssia) is set to commence in the city from Friday. The eleven-day event this year will focus on the exterior of ... More

INCOME TAX


Plea for low tax on expatriates
THE North India Council of Indo-American Chamber of Commerce (IACC) has made a case for taxing the expatriates at lower rates. "The expatriates are mostly from the developed countries, where income tax is effectively lower as compared to India. ... More

PEOPLE


Bupathy is new ICAI President, Goyal is V-P
THE Central Council of the Institute of Chartered Accountants of India (ICAI) have elected Mr R. Bupathy of Chennai as President of the institute for the year 2003-04. A statement issued here today by ICAI said that Mr Sunil Goyal of Jaipur ... More
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