Financial Daily from THE HINDU group of publications
Friday, February 08, 2002
Markets (Feb. 7)
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INDUSTRY & ECONOMY

ANTI-DUMPING


Dumping duty on paracetamol recommended
THE designated authority in the Commerce Ministry has recommended imposition of definitive anti-dumping duty on all imports of paracetamol originating in or exported from China and Taiwan. Paracetamol is a bulk pharmaceutical active ingredient, ... More

BUDGET


FIs, banks seek redefinition of interest exemptions
FINANCIAL institutions (FIs) and banks have pitched for a re-definition of exemptions under section 10 (23 G) of the Income-Tax Act as part of their Union Budget wish-list. This section of the I-T Act exempts interest on lendings to designated ... More

ECONOMY


Pay hikes seen hitting rock bottom: Survey
THE future looks bleak for employees in the country, since for the first time in five years, increase in salary will be in single digit. According to a study conducted by a global management consulting and outsourcing firm, titled 2001-2002 ... More

Chambers for more reforms
WELCOMING the slew of measures announced by the Government on Tuesday, like offering of VRS to Government employees, decontrol of sugar, pruning of items covered by the Essential Commodities Act and the new pharma policy as a step in the right ... More

ENVIRONMENT


New tech to cut power station emissions
IN an interesting collaboration, the Heavy Water Board (HWB), a unit under the Department of Atomic Energy (DAE) and the US-based Chemithon Corporation are blending their technologies to help bring down particulate emissions from coal-based power ... More

`Corporate sector must have role in eco development'
INDIA is willing to play its role in accordance with the United Nations Framework Convention on Climate Change and the Kyoto Protocol, Mr T.R. Baalu, Union Minister for Environment and Forests,said. He was inaugurating the two-day conference on ... More

FOREIGN TRADE


US keen on closer trade ties
THE US has said that it is keen to enhance trade dialogue with India both at the bilateral and multilateral levels. The visiting US Deputy Secretary of Treasury, Mr Kenneth Dam, indicated this when he called on the Union Minister of Commerce ... More

India, Russia sign protocol for economic co-operation
INDIA and Russia on Thursday signed a trade and economic protocol, including co-operation in oil exploration and the development of a 100-seater multi-purpose transport aircraft. The protocol was signed by the Finance Minister, Mr Yashwant ... More

Free trade urged
NEW DELHI: The Deputy Secretary of the US Treasury, Mr Kenneth W. Dam, has said that free trade alone would not unleash India's vast growth potential. Addressing a luncheon meeting organised by the Confederation of Indian Industry (CII) ... More

HOTELS


Hotels post 60 pc drop in forex earnings
DESPITE the brave noises made by the hospitality sector, the third-quarter results of hotel companies reveal that most of them have posted a loss or a steep decline in profits. The results of the three hotel companies— Oriental Hotel Ltd, ... More

PHARMACEUTICALS


Swiss pharma cos seek IPR protection
THE Swiss-based pharma companies would not look at major investments in India, unless the latter puts in place laws to protect the companies' intellectual property, the Swiss Ambassador to India, Dr Walter B. Gyger, said here on ... More

Drug price control order `sketchy'
THE Indian pharmaceutical industry is still unclear on the drug price control order (DPCO). Top officials of leading pharma companies said that things are sketchy as to what the final list of drugs coming under price control will be. Mr M.K. ... More

SUGAR


Bitter challenges of a free market
After the proposed abolition of levy and monthly release system, sugar mills will have full freedom to market their production. Operational freedom should ordinarily have brought cheer to the producers; but the industry is worried that a captive mark et - Government purchase for public distribution system - may be lost and the overhang of stocks will depress prices in the open market. More

TEXTILES


Govt relief for more textile mill workers
THE eligibility criterion of relief for textile workers from closed private mills has been enhanced from those drawing a salary of Rs 2,500 to Rs 3,500 per month to ensure larger coverage under the Textile Workers Rehabilitation Scheme (TWRS) ... More

SSI


SSIs to get MDA support for bar-coding registration
THE scheme for Market Development Assistance (MDA), particularly for SSI exporters (SSI-MDA), will now include financial assistance for registration for bar-coding. The office of the Development Commissioner (SSI), Ministry of Small-Scale ... More

EDUCATION


A school for Cyberabad's elite
"THE approach to education, the facilities, the mentality of the teachers and the quality of teaching are some of the aspects of the school that has afforded my children a very smooth transition,'' says the Microsoft India Product Unit Manager, ... More

MEDICAL INSTITUTIONS & HOSPITALS


Specialty Ranbaxy seeks norms for pathological labs
SPECIALTY Ranbaxy Ltd on Thursday said that it has requested the Ministry of Health to bring out an accreditation guideline for pathological laboratories across the country. Mr Vidhur Kaushik, Chief Executive Officer, Specialty Ranbaxy Ltd, ... More

LEATHER


Tanners face uncertainty as relocation deadline nears
As many as 231 tanneries in West Bengal will have to relocate themselves by February 28 as the Supreme Court has asked the State Government to sever the water and electricity connections to these units. More

INDUSTRY ASSOCIATIONS


A swap deal worth trying?
HOW about an offer to swap your tax saving National Saving Certificate or RBI relief bond for equivalent equity shares of HPCL or BPCL at a discounted price? Sounds interesting? This could be possible if the Government considers the Indian ... More

Nasscom signs MoU with Italian association
NATIONAL Association of Software and Services Companies (Nasscom) on Thursday signed a Memorandum of Understanding (MoU) with Italy's association for information and communication technologies - Ente Gestione Mostre Comufficio (SMAU) - to promote ... More

SCIENCE & TECHNOLOGY


Insat-3C at home
BANGALORE: Insat-3C on Thursday reached its space slot at 74 degrees East longitude. The satellite launched on January 24 will be commissioned by February-end. Before that, its 33 transponders will be tested in the coming weeks. During ... More

DISINVESTMENT


Price bids for Paradeep Phos today
THE Union Government will invite price bids for selling 74 per cent of its stake in Paradeep Phosphates Ltd (PPL) on Friday. The price bids submitted by the bidders would be vetted by the Core Group of Secretaries on Disinvestment and referred ... More

IPR


`Stronger global IPRs will impact foreign investment'
A STRONGER global intellectual property rights (IPRs) regime would have an impact on foreign investment, technology transfer and pricing under enhanced market power. This was stated by the Chairman, Law Commission of India, Mr Justice M ... More

RURAL DEVELOPMENT


Narrowing the digital divide in rural areas
STALWARTS in IT — and nearly everyone else — are enthusiastic about the rapid proliferation of innovations and equipment. High-speed wireless networks will enable faster connectivity to millions of devices, location sensing will be ... More

EVENTS


`Quality in agro-products key to develop exports'
QUALITY in agro-products is a key issue that India will have to address to enhance exports to developed countries, according to Mr A.C. Muthiah, Senior Vice-President, Federation of Indian Chamber of Commerce and Industry. While India was ... More
Comments & Letters to the Editor to: bleditor@thehindu.co.in

Top Stories
Tanners face uncertainty as relocation deadline nears


Hotels post 60 pc drop in forex earnings

UB set to soak South with latest buyout -- Snares GMR Vasavi, Empee

ISEC to pick up stake in sugartrade.com

Nasscom steps outlined for IT-enabled sector

Asset reconstruction company -- World Bank opts out; ADB, IFC seek time

Gold zooms to 5-year high

Pay hikes seen hitting rock bottom: Survey

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Jan. 27-Feb. 2
Economic growth likely to be below 5 pc: CEO poll

Bowling over `Star-stuck' advertisers

Fiscal deficit up 37.7 pc

Viewers must have choice of channels, says panel

GDP growth pared to 4 pc

Tatas, Reliance bid for VSNL

Taiwan wooing India Inc with hardware tech

Govt moves to speed up APM regime phase-out


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