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Friday, May 30, 2003
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INDUSTRY & ECONOMY

PENSION PLANS


Concern over low returns on pension funds
THE Chairman of Insurance Regulatory and Development Authority (IRDA), Mr N. Rangachary, has expressed concern over the low returns on pension funds, largely owing to the falling interest rate regime world over. At the two-day International ... More

ECONOMY


J&K annual Plan at Rs 2,500 cr
THE annual plan of Jammu and Kashmir for the current fiscal has been fixed at Rs 2,500 crore as desired by the State Government and in deference to the Prime Minister's expressed interest in accelerating the pace of development in the ... More

EXCISE AND CUSTOMS


Duty on set-top boxes cut to 5 pc
PROVIDING signals that the conditional access system (CAS) may be on course despite the growing concern among powerful political circles and within the industry, the Government on Thursday slashed the basic customs duty on set-top boxes (STBs) to ... More

Duty cut on STB's: Advantage customers, but doubts persist
THE Finance Ministry's notification on a temporary reduction in basic customs duty on set-top boxes (STB) to five per cent from around 50 per cent has been met with guarded enthusiasm among multi-system operators (MSOs) and broadcasters here. ... More

FOREIGN TRADE


Areas spotted for tie-ups with Singapore
INDIA and Singapore are to enter into mutual recognition agreements by the end of the year, in electrical/electronic equipment, food products and telecom equipment. In the first round of negotiations after the Joint Study Group report on a ... More

INFRASTRUCTURE


Work on Bangalore airport to begin in June
THE much-delayed construction efforts of the proposed Bangalore International Airport will start in June following a Government directive to ease State restrictions on private airports, officials said. ICICI Bank would be the lead arranger for ... More

Infrastructure projects — Policies still not conducive for pvt investments: Crisil
INDIA'S hopes of attracting substantial private investments in infrastructure have not materialised, according to Crisil Infrastructure Advisory. In a press release it says that successful public-private-partnership (PPP) formats have not ... More

POWER


Plan to redefine concept of rural electrification
VILLAGE electrification will no longer mean electrifying one household per village. Government now plans to redefine rural electrification, which is implemented by public sector undertakings like the Power Finance Corporation and Rural ... More

STEEL


Sept deadline set for finalising steel policy
THE National Steel Policy is expected to be in place within the next four months. Buoyed by the upbeat mood prevailing in the Indian steel sector in general and the encouraging performance of the domestic steel majors, the Ministry of Steel ... More

TEXTILES


Denims in for a new feel with Tencel blends
DENIM, one of the most important fabric exports of the country, is now getting a new feel. Tencel, a fibre that blends easily and improves the utility and feel of the fabric, is targeting denims to provide value-addition and improve exports. ... More

RADIO/TV


Set-top boxes: Ball is now in cable TV court
WITH the Centre reducing the import duty on set-top boxes (STBs), players in the cable television industry are expected to shrug off their wait-and-watch approach and roll out plans for the conditional access system (CAS) regime. "The ... More

EDUCATION


US architects to design campus in Hyderabad
THE Washington-based Architects & Planners, Ayers/Saint/Gross would be developing the master plan for the main campus of the South Asian International Institute, a part of the Sylvan International Universities network. The main campus of the ... More

AP: CITD to launch diploma course in tool design
THE Central Institute for Tool Design (CITD), Hyderabad is launching a new 4-year technical-skill-driven, job-oriented course for students who have completed Class X, starting from the ensuing academic year. The Diploma course is aimed to train ... More

KNITWEAR & HOSIERY


Tirupur hosiery wage talks — No consensus on workload norms
"We are certainly willing to have a dialogue on the issue of work-load norms this time also. But our request is to allow the current negotiations on wage revision be completed in time. Discussions on workload needs time." More

DISINVESTMENT


Iranian co agrees to sell stake — Decks cleared for MFL sell-off
THE decks have been cleared for the Government to proceed with the disinvestment in Madras Fertilizers Ltd with the foreign partner, National Iranian Oil Company, also agreeing to sell its stake in the company along with the Centre. In a ... More

Maruti IPO process begins on June 12
THE first disinvestment deal this fiscal has been firmed up with auto major Maruti Udyog Ltd opening the books on June 12 for its much-awaited public offer for sale of 7.2 crore shares. The books will remain open for a week till June 19. ... More

SMALL SAVINGS


  • EPF Adalat in Thiruvananthapuram on June 10

    FOREIGN DIRECT INVESTMENT


    Positive image, but not good enough for FDI
    IT'S an interesting paradox - foreign companies doing business in India hold a positive image of the country, but the country's image overseas is far from satisfactory. "India has a long way to go in establishing its brand name synonymous ... More

    LABOUR REFORMS


    `Revise ILO norms on HRD'
    THE PHD Chamber of Commerce and Industry (Phdcci) has suggested that there is a need for revision of human resource development recommendations of the International Labour Organisation (ILO). A press release issued here on Thursday states ... More

    INTERVIEW


    Govt should be facilitator, not regulator: Fapcci
    `The headstart that the State has in areas like IT and pharma industries must be leveraged. The high-quality, trained and skilled manpower can be a significant growth driver.' More

    EVENTS


  • Stamp catalogue released
  • IEI seminar on Super Highway
  • Hyderabad engagements

    EXPORTS & IMPORTS


    Ministry keeps tight vigil on rise in import of sensitive items
    EVEN as the country sits on a massive pile-up of foreign exchange reserves amounting to $79 billion giving enough elbow-room for a cosy import cover, the Ministry of Commerce is still maintaining its "war room" vigilance clamped immediately after ... More

    TOURISM


    `Travel, tourism may create 1-cr jobs in 2003'
    THE country's travel and tourism industry is expected to generate two per cent of the Gross Domestic Product (GDP) and generate more than one crore jobs during 2003. This has been indicated in the third set of tourism satellite accounting (TSA) ... More
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    Top Stories
    Infrastructure projects — Policies still not conducive for pvt investments: Crisil


    Maruti IPO process begins on June 12

    Indian mangoes to storm oil sheikhdom

    Cell-to-cell STD calls at 50 paise

    `Forex management on par with the best'

    Concern over low returns on pension funds

    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
    May. 18-May. 24
    `Depressing times for washing machines'

    No rollback on CAS; July 14 deadline to remain

    Galvanised sheets top India's steel export

    Week-end getaways a big hit in Bangalore

    India's reform `good' but miles to go, says Stern

    Nalco strategic sale deferred — IPO to go through by September

    `We don't want your ujala, soaps and pan parag'


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