Financial Daily from THE HINDU group of publications
Saturday, February 09, 2002
Markets (Feb. 8)
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INDUSTRY & ECONOMY

CHEMICALS


Chemical cos seek changes in duty structure
IN a memorandum to the Centre, chemical manufacturers have asked for amendment of some provisions of customs and excise duties on a number of chemicals while proposing a couple of changes in direct taxes. The Indian Chemical Manufacturers ... More

ECONOMY


Malnutrition takes heavy toll on economy
The economic loss incurred due to micronutrient deficiencies is in the range of 3 to 5 per cent of the gross domestic product. In the southern States, the loss is estimated to be Rs 14,400 crore per annum. Of this, Andhra Pradesh accounts for Rs 4,51 1 crore, Karnataka Rs 3,322 crore, Kerala Rs 2,178 crore and Tamil Nadu Rs 4,431 crore. More

POWER


Defaulting States may get lower power allocation
IN a move intended to discipline the States defaulting in payments to Central Power Generating Utilities (CPGU), the Union Ministry of Power has proposed a scaling down of capacity allocations. This would imply capacities from CPGUs dedicated to ... More

Cost accounting norms for power sector promulgated
THE Department of Company Affairs (DCA) has issued a notification promulgating the Cost Accounting Records (Electricity Industry) Rules, 2001 with immediate effect. The rules promulgated under sub-section 1 of Section 642 read with Clause (d) ... More

`Lack of power reforms affecting Kerala industries'
THE Confederation of Indian Industry (CII) Southern Region has submitted a memorandum to the Kerala Government highlighting the problems faced by industries in the power sector in the State. The memorandum highlights several issues and concerns ... More

TAXATION


Tax revenue may fall
THE Special Commissioner and Commissioner for Commercial Taxes, Mr J. Arun Ramananthan, has said that there would be "poor growth in the commercial tax revenue" during the current fiscal due to industrial recession and negative growth in some ... More

TEXTILES


Bengal textiles chamber peeved
IS the West Bengal Government serious in its endeavour to attract fresh investments to the State? The question has been raised by the city-based Chamber of Textile Trade and Industry (COTTI) following lukewarm response by the State Government to ... More

`Budget will have good news for textile sector'
THE Union Budget will have some "very positive proposals" for the textile sector, according to the Union Minister for Textiles, Mr Kashiram Rana. Refusing to elaborate further, he told newspersons that the textile sector should be given relief ... More

LEATHER


Keep DEPB for 3 more years, says leather body
THE Indian Finished Leather Manufacturers and Exporters Association (IFLMEA) has requested the Union Commerce Ministry to continue the Duty Entitlement Passbook Scheme (DEPB) for at least three more years, since it provides greater competitive ... More

SCIENCE & TECHNOLOGY


`Tech advances must focus on rural areas'
HAVING made rapid strides in material sciences research, India now needs to focus on technologies that will change the way about two-thirds of the country's rural populace lives, according to the Principal Scientific Advisor, Dr R. Chidam- ... More

`Promote India as hub for R&D outsourcing'
THERE is a need to promote India as the destination for international "outsourced'' research by supporting investments in research institutions that promise to deliver value via new generation innovations and inventions for the masses of India, ... More

DISINVESTMENT


Zuari-Chambal bids for Paradeep Phos
Most of the contenders appear to have quit the race for PPL despite an assurance from the Government that it will clean up the balance sheet of the company. More

REGULATORY BODIES & RULINGS


NPPA increases Rifampicin price
NEW DELHI: The National Pharmaceutical Pricing Authority (NPPA) on Friday increased the price of anti-tuberculosis drug, Rifampicin, from Rs 4,167 per kg to Rs 4,200 per kg. The price of the bulk drug had been revised under the ... More

TRADE & LABOUR UNIONS


Strike shrinks Vizag EPZ turnover
THE turnover of Vizag Export Processing Zone has been significantly affected in the wake of the ongoing strike by workers of the Belgium-based Worldwide Diamond Manufacturers Ltd and subsequent lock-out of the company. With the turnover of the ... More

EXPORTS & IMPORTS


ECGC factoring for exporters from April
THE Export Credit Guarantee Corporation (ECGC) of India plans to launch factoring business for exporters from April, said Mr G.M. Ganapathy, General Manager. Explaining the benefits of factoring to exporters at its branch here, Mr Ganapathy ... More

Dumping probe on acyclic alcohols
THE Designated Authority in the Commerce Ministry has initiated anti-dumping investigation into the import of certain types of acyclic alcohols from Singapore, Brazil, Romania, Malaysia and South Africa. In an initiation notification, the ... More


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