Financial Daily from THE HINDU group of publications
Tuesday, December 31, 2002
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INDUSTRY & ECONOMY

ANTI-DUMPING


Dumping duty on methylene chloride mooted
THE Designated Authority in the Commerce Ministry has recommended the imposition of provisional anti-dumping duty on all imports of methylene chloride from the European Union (EU), South Africa and Singapore. Methylene chloride is a colourless, ... More

Dumping probe on copperclad laminates imports
INDIA has initiated an anti-dumping probe on all imports of copper clad laminates from China, South Korea, Taiwan, Singapore, Philippines, Hong Kong and Thailand. Copper clad laminates are laminates of paper and glass fabric of a kind and are ... More

ECONOMY


TN Govt on reform path; but worry lines remain — Poor monsoons tell on agriculture output
WITH Ms Jayalalithaa back at the helm of affairs in Tamil Nadu in the early part of this year, the uncertainty and the general drift in administration that was witnessed in 2001 ended. Ms Jayalalithaa led the AIADMK to a resounding victory in ... More

ENVIRONMENT


Tirupur wet processing units blamed for pollution — May be asked to pay compensation
The Loss of Ecology Authority has also planned to visit the Amarvathy river basin areas in Karur to assess the extent of the pollution damage caused by the local textile processors there. More

EXCISE AND CUSTOMS


Kelkar suggestion on edible oil duty a healthy one
THE Centre can potentially garner more than Rs 600 crore per annum as revenue if excise duty of Rs 1,000 a tonne is imposed on refined oils and vanaspati. However, the recommendation of the Task Force on Indirect Taxes headed by Dr Vijay ... More

SIMA opposes Kelkar proposal on cotton yarn
THE proposal of the Kelkar Committee on tax reforms to double the excise duty on cotton yarn to 16 per cent from the present 8 per cent has upset the southern textile industry accounting for over one-third of the country's spindleage. The ... More

PSU


Options study on 20 PSEs to be completed this fiscal
THE Implementation Secretariat, the independent body overseeing the public enterprises reform in Andhra Pradesh, expects to complete `Options Study' by the end of this financial year in the case of about 20-odd enterprises out of 34 mandated and ... More

TAXATION


Scrap 5% surcharge on personal, corporate tax: CII
THE Confederation of Indian Industry (CII) has called for the abolition of the five per cent surcharge on personal and corporate tax and Minimum Alternative Tax (MAT). In its pre-Budget memorandum, which was submitted to the Government today, ... More

WATER


Water rights and wrongs
FOR most Malayalees, the Periyar is not just 244 km of gurgling water originating from the Sivagiri Hills and meandering north-west through Vandiperiyar, Malayattoor, Kalady, Aluva... Just as these names are forever etched into the collective ... More

TERRORISM


Explosive device defused in Coimbatore
AN explosive device planted in a public call office (PCO) booth in front of the Coimbatore Press Club was defused today afternoon after a caller alerted the city Police Commissioner's office and warned of the planting of the explosive ... More

CONSULTING


Consultant for AP dept
HYDERABAD: Danlaw Technologies India has signed an agreement in consortium with Nagarjuna Infotech Ltd to serve as a consultant-cum-service provider for the Department of Municipal Administration, Government of Andhra Pradesh. In a ... More

TEXTILE MACHINERY


Powerloom body to become market-savvy
THE Powerloom Development and Export Promotion Council (PDEXIL) will seek greater market access to products manufactured by the decentralised sector. The thrust will be on upgrading the product quality and branding of heritage textiles ... More

SCIENCE & TECHNOLOGY


Microwave set to create waves in drug sector
THE microwave, now a popular way to make or warm food, may soon power its way into areas such as drug discovery and targeting, polymer technology, waste treatment and ceramics, according to Dr Rajender S. Varma, Senior Scientist at the US ... More

SOCIAL WELFARE


Help at hand for elders
Bangalore is becoming a preferred destination after retirement for a growing number of elders. The break up of the joint family system and the emerging new life style have ushered in new needs and problems to senior ... More

EVENTS


Give us firm plans to act upon, Naidu tells CEOs
WHILE reiterating the demand for an `open sky policy' and urging the Centre to encourage international carriers to link up with the country, the Chief Minister, Mr N. Chandrababu Naidu, on Monday said that the State Government would strive to ... More

Rs 138-cr orders at industrial trade fair
THE 10-day 16th Industrial India Trade Fair formally ended here on Monday with a total direct sales of about Rs 71 crore. There were firm business orders for about Rs 138 crore generated by the `Buyers-Sellers' meet, according to the fair ... More

Tourism dept planning to tap diaspora for FDI
CONSIDERED one of the must-see destinations on the planet, Kerala is now in the process of transforming itself into a destination that will attract both tourists and investors. The Global Investors' Meet (GIM), to be held in Kochi on January 18 ... More

Propmart plans 26 property supermarkets
Propmart Technologies Ltd, a Bangalore-based real estate marketing services company, plans to launch 26 property supermarkets in Mumbai, Chennai, Pune, Ahmedabad, Hyderabad and Kochi. Mr John Kuruvilla, CEO and Managing Director, Propmart ... More

EXPORTS & IMPORTS


Traditional items push export growth in H1
TRADITIONAL export items like textiles, chemical and related products, engineering goods, gems and jewellery and ores and minerals which together constitute 72 per cent of the country's aggregate exports did exceedingly well during the first half ... More

ECONOMIC OFFENCES


Kelkar for scrapping seizure norm in black money drive — Recommends penalty, prosecution
It is stated that "as and when concealment is detected and established, it should suffer full penal consequences of interest, penalty and prosecution". The panel has also suggested that the scheme of rewarding officers engaged in search and seizure a ctivities be abolished. More
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Traditional items push export growth in H1


Regional brands keep FMCG giants on their toes

`Feedback on Bt cotton from farmers has been positive' - Mr Sekhar Natarajan, Managing Director, Monsanto India

`Convergence India' to focus on broadband

Mediclaim premiums to be hiked 6 pc

Kelkar suggestion on edible oil duty a healthy one

In Focus
Inside China

Stock scam unravelling
Red signal for Chinese silk
Petrol pump controversy
Kelkar Report
In Depth
Gender Justice
Simple Economics
India Interior
Consumer Notes
Looking back
Dec. 22-Dec. 28
SEBI eases pricing norms for PSU disinvestment — 2-week average price criteria not applicable

Dumping duty on raw silk imports recommended

CEOs for phasing out tax exemptions

Indian realtors train eyes on Gulf market

A paradox of poverty and plenty

Despite claims, RIDF is a flop

When will we have e-democracy?

Readymade garment H1 exports increase 11 pc

Atomic minerals deposits found in AP coast

Delhi Metro Rail gets green certification

EU says no to `blood' roughs

Plastic makers' move to rid Tirumala of waste

Jalan optimistic about achieving 8 pc growth

People-factor dominates liquor industry saga


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