Airlines
Postal dept told to clear Rs 90-cr dues to IA
THE Ministry of Civil Aviation has written to the Posts and Telegraph Department asking that it clear the arrears of close to Rs 90 crore owed to Indian Airlines (IA) for the cargo that the airline has carried.
Banking and Finance
Fresh directive to banks on bad loans recovery
THE Reserve Bank of India (RBI) has asked public sector banks (PSBs) to devise a scheme for recovery of dues for loans outstanding up to Rs 25,000, the guidelines for which will be operative up to June 30, 2002, according to an RBI release.
Economy
Sinha may ease import duty, M&A norms -- Hints at fillip to agriculture, infrastructure sectors
FISCAL incentives for the core sector, a slew of radical policy pronouncements for the agriculture sector including an income support system for farmers, and a massive step-up in Plan investment to reverse the current economic slowdown are on the cards f
or the coming fiscal.
`It's team work that matters': Sinha
HAS the Finance Minister, Mr Yashwant Sinha, decided to do away with the post of the Finance Secretary? Was it a conscious decision?
`Agriculture is the unfinished task in reforms programme'
GIVE it to the Finance Minister, Mr Yashwant Sinha, that even in the gloom-and-doom scenario, he genuinely feels that all is not lost and the economy can be put back on the tracks.
Exim Policy
Export policy to focus on new products, markets
THE medium term export policy, likely to be unveiled within the next two weeks, will touch upon on new products and markets for achieving the goal of one per cent share in world trade from the current 0.6 per cent by 2005, besides looking at the traditio
nal areas of strength.
Mutual Funds
With D-day round the corner -- Package soon for UTI's smooth transition
THE Government and the Unit Trust of India (UTI) are expected to announce a package of measures shortly to enable a smooth transition for the mutual fund when the ban on sales and repurchase of over 3,000 units of its flagship scheme, US-64, is lifted on
January1, 2002.
States
After IT and BT, pharma catches Naidu's eye
THE CEO of Andhra Pradesh, Mr N. Chandrababu Naidu, has a new bee in his bonnet. After information technology (IT) and bio-technology (BT), he is plugging for the pharmaceutical sector.
KPTCL set to instal electronic meters
KARNATAKA Power Transmission Corporation Ltd (KPTCL) has completed the testing of automated meter reading system. It is now expected to begin installation of electronic meters with approximately 8 million customers, both high tension and low tension.
Karnataka to think small on minor airports
FOUR minor airports to be developed by private operators in BOOT style, at total investments of Rs 25 crore; and inter-State air connectivity to cities that are far from Bangalore. This was the minor airports strategy that policy-makers in Karnataka star
ted off with some five years ago.
What ails public sector chemical units in Kerala
THE public sector chemical industry in Kerala is heading for a crisis. The problems are industry-specific, and need to be addressed individually. According to industry sources, the major constraints are high cost of power, over-staffing and lack of profe
ssional management. The Governments industry policy had failed to address such issues, they said.
Karnataka shifts focus to mega power schemes
THE Karnataka Government has done a complete turn-around in its energy forecast from surplus to deficit in 2010 and has now begun pushing for mega-sized projects in participation with the Jindal group by passing the competitive bid route.
Debate over Hyderabad airport projects
THIS is a tale of two airports at Hyderabad. Both the existing International Airport at Begumpet and the proposed greenfield international airport at Shamshabad, about 30 km from the city, have evoked concern among the local people.
Terrorism
Search on Great Eastern ship continues
BRITISH anti-terrorist forces are still searching the cargo ship, MV Nisha, which was seized off the London coast on Friday for suspected terrorist links.
Textiles
Meet on NTC mills revival next month
THE Board for Industrial and Financial Reconstruction (BIFR) has directed IDBI and IFCI to hold a meeting of all concerned subsidiaries of the National Textile Corporation (NTC) in the last week of January to sort out all issues and arrive at a consensus
regarding the draft rehabilitation schemes (DRSs).
Marking norms set for textile imports
TEXTILES imported into the country will now have to comply with the marking specifications that may be mandated by the Textile Commissioner.
