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Sunday, February 10, 2002

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INDUSTRY & ECONOMY

ANTI-DUMPING


PSF units, users clash over dumping duty
A RECENT notification recommending the imposition of preliminary anti-dumping duty on certain polyester staple fibres (PSF) being imported from Republic of Korea, Malaysia, Taiwan and Thailand by the Designated Authority (DA) in the Commerce ... More

ECONOMY


Harsh winter for India Inc; only pharma, auto do well
THE numbers for India Inc in the October-December 2001 quarter are chilling. Revenues fell by 2.7 per cent as compared to the corresponding quarter of 2000 and earnings by 3 per cent. Compared to the immediate preceding quarter (July-September ... More

Loans, advances to Centre up Rs 252 cr
LOANS and advances to the Central Government went up by Rs 252 crore to touch Rs 6,145 crore for the week ended February 1, 2002, from Rs 5,893 crore in the previous week, according to the Weekly Statistical Supplement of the RBI. Bank credit ... More

IOB links with self-help groups
MADURAI: Indian Overseas Bank has established linkages with 5,800 self-help groups out of a targeted 7,500 this year, Mr R. Natarajan, Executive Director of the Bank, said in a function at Melur near here. At the function Kisan ... More

PHARMACEUTICALS


Pharma exports up 11.8 pc
NEW DELHI: The export of drugs and pharmaceuticals has registered a 11.8 per cent increase in the period between April and October 2001. The industry clocked exports worth Rs 5,189 crore between April and October 2001, as against ... More

TAXATION


Corpn Bank to collect excise, tax
MANGALORE: The Reserve Bank of India (RBI) has nominated Corporation Bank for the collection of Central excise and service tax duties and for the payment of refunds to the Central Excise Commissionerate in Mangalore. According to a ... More

TEXTILES


Knitwear, powerloom sectors oppose widening excise net
THE knitwear sector and the decentralised powerloom weavers have flayed the move to widen the excise duty net to cover their industries. Members representing these two sectors have said that it was an ill-advised move and have made known their ... More

CARS


Cars: No looking back
AFTER the heady days of 1999-2000, when the passenger car industry was in overdrive and sales revved up 55 per cent, it has been on a steady correction mode. Even as the new millennium dawned, market watchers were already warning that an encore ... More

LEATHER


Big euro notes fatten exporters' wallets
THEY were straining every sinew to prepare for history's largest currency changeover operations - printing new notes and minting new coins for the ATMs of countries participating in the changeover to the Euro on January 1, 2002. What they had ... More

READYMADE GARMENTS


Readymade garments export earnings down
EVEN as the country's overall exports are looking up, the export of readymade garments in the first 10 months of the current fiscal continues to be negative. Figures compiled by the Apparel Export Promotion Council (AEPC) show that exports of ... More

DISINVESTMENT


Bids for IPCL -- `IOC has no case against Reliance'
THE Ministry of Disinvestment on Saturday made it clear that IOC had no case in seeking a review of the Government's decision to allow Reliance Industries Ltd (RIL) to participate in the Indian Petrochemicals Corporation Ltd (IPCL) bids, citing ... More

RURAL DEVELOPMENT


Nabard sanctions Rs 713 cr for rural infrastructure
THE National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 713.94 crore towards the creation of rural infrastructure in 12 States, under the Rural Infrastructure Development Fund VII. With this the cumulative sanctions ... More

REGULATORY BODIES & RULINGS


DCA cuts interest rate ceiling on public deposits
THE Department of Company Affairs (DCA) has reduced the ceiling on interest rate on public deposits in companies by 150 basis points to 12.5 per cent from the existing 14 per cent. The department has issued a notification amending the Companies ... More

EVENTS


  • Tech workshop from Feb 14

    INCOME TAX


    TDS relief may bring no cheers to small tax-payers
    SMALL tax-payers have nothing to feel cheerful about the recent circular issued by the Central Board of Direct Taxes (CBDT), according to direct tax experts. According to the circular, no tax deduction at source would be made under Section 192 ... More

    ECONOMIC OFFENCES


    I-T raids on Bajoria continue
    INCOME-tax sleuths continued their raids on the premises of the controversial city-based jute baron and stock market financier, Mr Arun Bajoria, for the second day on Saturday. I-T officials were tight-lipped about the purpose of the search and ... More

    TRENDS


    Do you know what boss expects of you at work?
    SO, you thought that those who worked in the IT sector were an emancipated lot. That IT companies allowed their employees to voice their opinion, talk level with the CEO, be told in which direction the company is heading and about plum contracts ... More
    Comments & Letters to the Editor to: bleditor@thehindu.co.in
  • Top Stories
    C & B by Sundaram Newton


    Do you know what boss expects of you at work?

    Road rubberisation emerging as new hope for growers

    Big euro notes fatten exporters' wallets

    `Knowledge vital for farm sector growth'

    Harsh winter for India Inc; only pharma, auto do well

    In Depth
    Inside Kashmir
    Guide to derivatives
    US-64
    Looking back
    Feb. 3-Feb. 9
    Bonanza awaits Govt on VSNL, IBP sell-off

    Non-captive iron ore segment -- Need for external marketing freedom

    Govt may allow FDI in tobacco sector

    E&Y taps India's `bio-economy'

    Rules of origin for textile, apparel goods -- India drags US to WTO again

    E-com deals may be kept out of I-T net

    Some home truths about Chinese threat

    PSU loan pre-payments come as boon to Govt

    Duncans Industries revamp -- A challenging task ahead

    Power Ministry draws up 6-level strategy

    Public sector weathers investment famine

    Indian Oil set to acquire IBP

    Software exports up 25 pc in Q3: Nasscom

    Restructure State finances or perish: Chelliah

    Tatas pocket VSNL for Rs 1,439 cr, IOC gets IBP

    Grain curbs off, sugar freed, new policy for drug sector

    Tatas hit jackpot with VSNL

    GDP growth estimated at 5.4 pc -- Agriculture, services come to the rescue

    IBA directive gives a fillip to CV financing

    Hotels post 60 pc drop in forex earnings

    Tanners face uncertainty as relocation deadline nears

    Pay hikes seen hitting rock bottom: Survey

    Zuari-Chambal bids for Paradeep Phos

    Defaulting States may get lower power allocation


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