Financial Daily from THE HINDU group of publications
Friday, February 15, 2002
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POLICY


PM gives nod to APM dismantling
THE Prime Minister, Mr A.B. Vajpayee, has given the final approval for dismantling the administered pricing mechanism (APM) in the petroleum sector on April 1, the Union Petroleum Minister, Mr Ram Naik, said on Thursday after a meeting with the ... More

Power Ministry keen on more funds for APDP
THE Union Power Ministry is keen on increasing the funds size of the Accelerated Power Development Programme (APDP) to Rs 5,000 crore, according to Mr Suresh Prabhu, Power Minister. Speaking to newspersons after a business meet on renovation ... More

States may have to foot SEB dues
THE Rs 41,000 crore owed by State electricity boards to the Central power utilities is set to be transferred to the State Governments, who will then issue bonds to the Centre. The Union Power Minister, Mr Suresh Prabhu, said the Union Cabinet ... More

`Insurance Bills may be passed in Budget session'
THE pending Amendment Bills related to the insurance industry are likely to be passed in the forthcoming Budget session of Parliament. Addressing the fourth global Conference of Actuaries organised by the FICCI here on Thursday, the Chairman, ... More

Discounted cash flow method for PSU valuation
THE Cabinet Committee on Disinvestment (CCD) has decided that the reserve price fixation for all PSUs lined up for strategic sale, including sick ones, will be arrived at on the basis of the discounted cash flow method. The decision to follow ... More

WTO representative's rank elevated
NEW DELHI: The Appointment Committee of the Cabinet has approved in situ promotion of Mr K.M. Chandrasekhar, an IAS officer of the 1970 batch, Ambassador and Permanent Representative, WTO, Geneva, to the grade of Additional ... More

STATES


Karnataka power supply cos' equity put at Rs 28.5 cr
THE combined value of the equity in the four power distribution circles in Karnataka — Bangalore, Mangalore, Hubli and Gulbarga — has been fixed at Rs 28.5 crore. The consultants comprising a consortium led by Cameroon Mckenna, ... More

AP to launch virtual varsity
THE Andhra Pradesh Government is in the process of establishing a virtual university aimed at broadbasing the IT education and also extending training in soft skills to hone technical expertise in the IT-enabled services sector. The virtual ... More

Bengal to have paints testing facility
THE West Bengal Government has, in principle, agreed to the proposal of the paints sector to set up a latest paint-testing facility in the State, especially to benefit the large number of SSI units. The paints sector has urged the State ... More

Karnataka to turn on tourism charms
TOURISM is the latest plank in Cyberia. Taking a leaf out of the Kerala lesson, Karnataka has set out to be a premier global tourism brand. It plans to unleash an aggressive marketing initiative soon along with the private sector to exploit ... More

Gujarat Govt to exit power venture soon
THE exit of the Gujarat Government from the 655-MW Gujarat Powergen Energy Corporation (GPEC) at Paguthan will be complete by the middle of next week when the PowerGen, UK, pays some Rs 260 crore to Gujarat Power Corporation Ltd (GPCL). ... More

Arunachal annual plan fixed at Rs 676 crore
THE annual plan of Arunchal Pradesh for 2002-03 has been fixed at Rs 676 crore based on the identifiable resources. This was decided at a meeting between the Deputy Chairman of the Planning Commission, Mr K.C. Pant, and the State Chief ... More


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Top Stories
V. Venkataswamy U/s


Pechiney may bid for Nalco control

SBI set to cut personal banking product rates

LIC plans foray into Sri Lanka

Paradeep sold for Rs 151.7 cr

NBFCs diversify from niches

Customs collections dip 14% in April-January

States may have to foot SEB dues

In Depth
Inside Kashmir
Guide to derivatives
US-64
Looking back
Feb. 3-Feb. 9
PSU loan pre-payments come as boon to Govt

Power Ministry draws up 6-level strategy

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

Tanners face uncertainty as relocation deadline nears


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