Financial Daily from THE HINDU group of publications
Saturday, March 08, 2003
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INDUSTRY & ECONOMY

NON-CONVENTIONAL ENERGY


UNEP ties up with banks to boost solar home systems
To boost solar hoem systems, a $7.6-million initiative between the United Nations Environment Programme and two of the country's largest banking groups has been launched. More

ANTI-DUMPING


Citric acid imports brought under dumping duty
CITURGIA Biochemicals Ltd and the Rs 250-crore Solaris ChemTech Ltd (formerly BILT Chemicals) have a cause for cheer. The Finance Ministry has imposed definitive anti-dumping duty on all citric acid imports from Indonesia and Thailand. A ... More

BUDGET


Jaswant's just a click away
IS something in the Budget bothering you? Is it a clarification you are seeking or a suggestion that you have in mind? Don't lose heart. The Ministry of Finance has set up a hotline to the Finance Minister, Mr Jaswant Singh, who is now just a ... More

CEMENT


Asbestos cement producers resent `vilified campaigns'
ASBESTOS cement products manufacturers are crying foul over what they term as "vilified campaigns" launched against their industry, which has an annual turnover of about Rs 2,000 crore. They claim that such campaigns have been initiated at the ... More

ENVIRONMENT


Kerala: Bill to prevent defacement of places
IN a bid to effectively tackle the menace of defacement of public places by private commercial advertisements, notices and posters, the State Government is planning a legislation to make defacement an offence. The Government has prepared a ... More

Sand turns a scarce commodity
ALTHOUGH sand is one of the world's most plentiful resources, constituting as much as 20 per cent of the earth's surface, clean sand is fast becoming scarce to source, according to an expert. Presenting his paper at the workshop on sea sand ... More

FOREIGN TRADE


Germany keen to boost trade ties
THE President of Federal Republic of Germany, Dr Johannes Rau, has urged the captains of industry to strengthen the existing bridges of business between Germany and India as they offer untapped potential. One of the decisive concepts to ... More

HEALTH


  • Discussion on bio-larvicide put off

    HOTELS


    It's a good innings for hotels too
    INDIA'S entry into the Supex Six of the World Cup has come as a bonanza for hotels and restaurants in Kolkata, home to the `Maharaja' of Indian cricket, Sourav Ganguly. All hotels and restaurants here worth their salt are leaving no stone ... More

    INFRASTRUCTURE


    High land prices a hurdle for Mangalore SEZ plan
    The land requirement, according to current guidelines for an SEZ is at least 1,000 acres. The availability falls short of that requirement. More

  • Goshree project: March to HLL premises planned

    PHARMACEUTICALS


    AIDS: A challenge for drug makers
    INDIAN pharma companies may have helped in driving down prices and increasing competition in the anti-AIDS segment in the global arena. But they still have a huge challenge in making their drugs available at home, besides turning out the ... More

    POWER


    BG group eyes LNG deal for NTPC project
    THE BG group, one of cheapest producers of liquefied natural gas (LNG) in the world market, is eyeing supply of three million tonnes per annum of LNG to National Thermal Power Corporation's (NTPC) four proposed power projects in Western India, ... More

    Water levels in hydel projects at record low — Kerala headed for severe power crisis
    If the current dry spell continues, the frequency and duration of cyclical power cut and unofficial load shedding might be increased throughout the State in the coming months. More

    HC hears Bengal's appeal in power tariff case
    THE Division Bench of Calcutta High Court comprising Mr Justice Banerjea and Mr Justice Barua today heard the appeal of the West Bengal Government challenging the order of the Electricity Regulatory Commission (ERC) fixing the power tariff in the ... More

    TAXATION


    `Defer implementation of VAT in TN'
    Tamil Nadu is yet to publish draft bill on VAT. With hardly three weeks left for release of State Budget for 2003-2004, it is virtually impossible to have extensive debate after publication of draft bill on VAT . More

    No plan to delay date of VAT
    DR Asim Dasgupta, West Bengal Finance Minister and also the Chairman of the Empowered Committee on VAT, made it clear here today that there was no proposal to defer the date of the implementation of the State-level VAT from April 1, 2003. "The ... More

    Bill on service tax introduced in LS
    A BILL seeking to amend the Constitution to provide tax on services as specific entry in the Union List and evolve principles for determining the modalities of levying service tax by the Union Government and collection of the proceeds by the ... More

    Maharashtra traders oppose VAT
    IT was a day out for representatives of various trade associations of Maharashtra. At a seminar on the VAT Act (Maharashtra Value Added Sales Tax Act, 2002), called by the Federation of Associations of Maharashtra (FAM), they were vociferous ... More

    TEXTILES


    Exporters told to meet textile target
    EVEN as the latest export trends are encouraging, textile exports from the country are expected to fall short of the targeted $15 billion for 2002-03 by about $2 billion. In this backdrop, the Union Textiles Minister, Mr Kashiram Rana, has ... More

    Mill sector seeks to consolidate Cenvat gains
    THE organised textile mill sector has sought to consolidate the gains of the Cenvat chain completion acceded in the Budget for 2003-04, which has sought to plug two key areas of excise duty evasion being witnessed in the industry for years. The ... More

    SSI


  • `Clear backlog in investment subsidy to SSIs'

    WATER


    EU aid to develop Hyderabad water management system
    A EUROPEAN Union (EU)-India project has aimed at developing an integrated water management system for the city of Hyderabad. The two-year initiative under the Asia-Urbs programme would be coordinated by the B.M. Birla Science Centre (BMBSC), ... More

    RADIO/TV


    CAS basic tier to cover 30 channels
    THE Task Force on implementation of the conditional access system (CAS) has decided to offer 30 free-to-air channels that would be part of the basic tier. Sources in the cable industry said that there are about 22 free-to-air channels and eight ... More

    EDUCATION


    ISB students get 70% of job offers midway
    ABOUT 110 students of the Indian School of Business (ISB) have received 150 job offers so far, thereby achieving about 70 per cent placement midway through the rolling placement process. The rolling placement process continues and will be ... More

    TWO/THREE WHEELERS


    Budget pushes two-wheeler prices up
    THE imposition of a one per cent national calamity duty announced in the Union Budget on two-wheelers, has resulted in many manufacturers bringing about a marginal upward revision of prices in two-wheelers. Several two-wheeler manufacturers have ... More

    INDUSTRY ASSOCIATIONS


    Chamber flays move to regularise industries in Delhi
    THE PHD Chamber of Commerce and Industry (PHDCCI) has criticised the proposal of regularising non-conforming and non-polluting industries in 24 residential colonies in Delhi which have over 70 per cent units engaged in industrial ... More

  • Chamber flays Delhi Master Plan proposals
  • Change in flight timings sought

    SCIENCE & TECHNOLOGY


    Torpedo tested successfully
    INDIA on Friday `torpedoed' itself into an elite club of developed nations capable of producing the deadly underwater weapon targeted to destroy submarines. The indigenous version of the torpedo, manufactured by the Hyderabad-based Bharat ... More

    CINEMA


    Time for new script to attract financiers to big screen
    THE Indian film industry may have to right-size its prolific output once corporatisation takes roots. "Close to 85 per cent of Bollywood's revenues come from less than 30 per cent of the films it makes in a year," Mr Rajesh Jain, Executive ... More

    GENDER


    Law against sexual harassment of women sought
    A NATIONAL workshop on `Prevention of Sexual Harassment at the Workplace' ended with a call for the enactment of a new, anti-discrimination law. The law mooted will prohibit discrimination on the grounds of sex, race and caste in keeping with ... More

    Women on top make a point
    ON the eve of Women's Day, four women achievers' shared their triumphs and tribulations to a packed hall in Bangalore today. Ms Kiran Mazumdar Shaw, Chairman and Managing Director, Biocon India Ltd, Ms Kalpana Kar, Member, Bangalore Action ... More

    DISINVESTMENT


    Shyam Tele bid for Punjab Com rejected
    THE Punjab Government's attempt to privatise Punjab Communications Ltd (Puncom) has failed after the single price bid submitted by Shyam Telecom was found to be substantially below the reserve price set by the State Government. "The State ... More

    HSBC advisor for HPCL
    THE Core Group of Secretaries on Disinvestment met on Friday to discuss the final draft of the transaction documents pertaining to the privatisation of Shipping Corporation of India (SCI). The meeting is also understood to have ratified the ... More

    Disinvestment casualty — BBUNL loses export order worth Rs 300 cr
    THE Centre's disinvestment programme has started taking its toll on the order books of public sector companies, more so of the ailing ones. Thus, Bharat Bhari Udyog Nigam Ltd (BBUNL) has lost a prospective export order of 15,000 bogies from ... More

    SMALL SAVINGS


    More leeway for PF bond investments
    THE Finance Ministry has given non-Government provident funds, superannuation funds and gratuity funds the leeway to invest up to 30 per cent of their annual accretions in the `residual category', which includes triple-A rated private corporate ... More

    HUMAN RESOURCES


    Army, JobsAhead tie up to place retired servicemen
    IN an effort to place its retired personnel in the corporate world, the Directorate-General, Resettlement (DGR), which takes care of the resettlement of ex-servicemen, has tied with up online HR search company, JobsAhead.com. This tie-up would ... More

    EVENTS


  • Seminar on price restructuring
  • Meet on energy conservation
  • Ukraine expo concludes

    ENTREPRENEURSHIP


    Entrepreneurs urged to think global at meet
    BUSINESS ideas can emerge from anywhere and entrepreneurs need to think international from day one, according to Mr Jay Mitra, Founder and Chairperson, International Entrepreneurship Forum (IEF). That entrepreneurship has shed its skin of small ... More

    EXPORTS & IMPORTS


    Leather industry aims at $5-b exports by 2007
    LEATHER exporters have been given a $5-billion export target by 2007, the newly elected Chairman of the Council for Leather Exports (CLE), Mr S. Kumar, has said. Addressing a press conference here on the occasion of the International Leather ... More

    TOURISM


    India Tourism to take part in Arabian travel expo
    INDIA will have a major presence at the Arabian Travel Market 2003 (ATM), the region's premier travel and tourism exhibition, in order to get increased tourists from the Gulf and West Asia. The show is being held in Dubai at International ... More

    ECONOMIC OFFENCES


    Capital gains sop on equity may promote money laundering
    THE Budget announcement allowing capital gains tax exemption on listed equities for a year is all set to open up the floodgates for large-scale conversion of black money to white, according to market sources. Efforts in this direction are ... More
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    Top Stories
    Sand turns a scarce commodity


    Bright scope seen for financial planners

    Have women lost faith in fairplay?

    Debt swap: Budget booster for States

    Cobwebs gather on IRDA report — Pension reforms draw `life' from OASIS

    War clouds get advertisers nervous

    Army, JobsAhead tie up to place retired servicemen

    CAS basic tier to cover 30 channels

    Banks at receiving end on bad debt sale by ARCs

    In Focus
    Run-up to Budget
    Kelkar Report
    Bottled water: How safe is it?
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    Housing Fin. rate war: Bonanza for consumers!
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collections
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    Feb. 23-Mar. 1
    Anti-dumping duty on China-made metal torches

    Study on diabetes unearths bitter truths

    Traditional items, engg goods dominate export basket — Account for 18% growth in April-Nov

    Ministry may grant Rs 30 cr for leather park in Bengal

    Chambers' reaction mixed

    Budget breathes new life into pharmaceuticals sector

    Jaswant leaves more money in salaried pocket

    Dividend tax, capital gains tax to go — Capital markets get a lift

    Price cuts drive auto into top gear

    CST cut to hurt States by Rs 5,000 cr

    Style & substance true to form

    Want better roads? Pay 50 paise more for diesel, petrol


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