Financial Daily from THE HINDU group of publications
Saturday, February 23, 2002
Markets (Feb. 22)
BL 2501122.62 (+12.94)
BSE Sensex3604.08 (+33.62)
S&P CNX Nifty1163.50 (+13.65)
Dollar (Buy/Sell)48.72/48.80
Gold Std (10 gm)4890 (+20)

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Development goals to cost $40-60 b a year: World Bank
FINANCING the smooth achievement of a key set of development goals that entails halving of extreme poverty and for substantial improvements in health and education in developing countries by 2015 could cost in the range of $40-60 billion a year ... More

`Liberalisation should not hurt domestic industry'
WHILE liberalisation has made India Inc more competitive, it would be imperative for the Government to ensure that unbridled liberalisation of imports is not detrimental to domestic industry, according to Mr K.C. Mittal, Managing Director of ... More

IMF panel to evaluate reuse of resources
The evaluation should also cast light on broader questions of programme design and the appropriate balance between lending arrangements and surveillance activities. More

Japan bank okays Rs 2,040-cr loan
JAPAN Bank for International Cooperation (JBIC) has sanctioned a Rs 2,040-crore (56,132 million yen) loan to India through its Official Development Assistance (ODA) for financing the MRTS project in Delhi and NTPC's Simhadri Thermal Power Station ... More


Excise Rules amended for Budget day clearances
THE Finance Ministry today issued notifications amending Central Excise Rules in order to regulate clearances and removal of goods on Budget day, February 28. A physical control system is being imposed from the time of Budget presentation and ... More


Watch out when you buy that Crocin!
FOR those consumers buying their regular medicines, without batting an eyelid - here is an eye-opener - one can get hoodwinked into buying a spurious drug, "even as you pick up a drug as trusted as a Crocin!" Disturbing but true is the ... More


Power Ministry focus on IT to resolve T&D problems
THE present focus of the Ministry of Power is on integrating IT solutions to resolve the problems associated with distribution of power, including transmission and distribution (T&D) losses and power theft, according to Mr Suresh Prabhu, Union ... More

BSES Samalkot power project goes on stream
INVESTMENT by both the private sector and public sector are required to augment power generation in the country, and the private sector would have to play a dominant role in the years to come, Mr Suresh Prabhu, Union Minister for Power, ... More


Excess capacity in steel industry -- Easy money the main culprit
EXCESS capacity is at the root of the steel industry's problems worldwide. The recent OECD talks were more or less centred on this understanding, and concrete action is being proposed to eliminate the estimated excess capacity. While the ... More


CBDT bid to plug revenue leakages
FACED with a massive shortfall in revenues, both the Central Board of Excise and Customs and the Central Board of Direct Taxes (CBDT) held that strict enforcement measures were under way to plug revenue leakages. According to the Central Board ... More


Quick reforms in farm sector urged
THE Associated Chambers of Commerce and Industry of India (Assocham) has called for carrying out urgent reforms in the agriculture sector. These include freeing crop pricing policy from controls and removing or relaxing export ceiling on ... More

  • Labour reforms decision hailed


    CCD may take up HPCL, BPCL sell-off at next meet
    THE Government is set to initiate the process of privatising Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL), well ahead of its earlier plan to kick off the process within three months of the dismantling of ... More

    `Pay up, or lose bank guarantee' -- Govt ultimatum to bidder of Juhu hotel
    THE Union Government has given an ultimatum to Mr Ajit Keskar to give a written commitment to pay up the Rs 153 crore towards picking up a stake in the Juhu Centaur Hotel by Saturday afternoon or face the prospect of the Government encashing the ... More

    Hurdle in Jessop sale?
    AN agreement signed between Jessop & Company and the West Bengal Government is being seen as a trump card that might throw a spanner in the Centre's efforts to divest 72 per cent stake in the nearly 100-year old engineering company. Company ... More

    DCA clears 2 ITDC properties demerger plan
    THE Department of Company Affairs (DCA) has cleared the demerger proposal of the two Indian Tourism Development Corporation's (ITDC) properties - Lodhi Hotel and Laxmi Vilas Palace Hotel, from its parent company. "The demerger proposal for ... More

    SCI seafarers observe one-day stir
    A SECTION of seafarers employed by the Shipping Corporation of India vessels went on a one-day strike today to protest the Government's decision to divest its majority stake in the company. Barring minor disruption at some ports, the strike did ... More


    `Final decision' on FDI in print after panel report
    THE Information and Broadcasting Minister, Ms Sushma Swaraj, has said that the final decision on foreign direct investment in the print media will be taken after the Parliamentary Standing Committee on Information Technology submits its ... More


    India for caution before imposing dumping duty
    INDIA is in the process of submitting a proposal to the WTO, seeking operationalisation of the article 15 of the Anti-dumping agreement. The article requires the developed countries to give special regards to the situation of developing countries ... More


    Japanese grant to 3 NGOs
    NEW DELHI: The Japanese Embassy on Friday gave grant assistance totalling Rs 54 lakh to three non-governmental organisations (NGOs) to bolster grassroot projects undertaken by them. At a function held to disburse the grant, the Japanese ... More


    Cabinet clears big-ticket labour reforms
    THE much-awaited reforms which the Indian industry was looking for has finally happened. The Union Cabinet on Friday approved amendments to Industrial Disputes Act, 1947, which are required to carry out major reforms in labour laws. Currently, ... More


    UP Govt signs MoU with ITDC
    THE India Tourism Development Corporation (ITDC) and the Uttar Pradesh State Tourism Development Corporation (UPSTDC) have signed a memorandum of understanding (MoU) for promotion of tourism and taking initiatives in the field of tourism and ... More
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  • Top Stories
    Top IT cos lean heavily on five major clients

    `Andhra Bank keen to boost non-interest income'

    Watch out when you buy that Crocin!

    Dairy controls to go

    Govt weighing 3 options to tackle piling foodgrain stocks

    Cabinet clears big-ticket labour reforms

    In Depth
    Inside Kashmir
    Guide to derivatives
    Looking back
    Feb. 10-Feb. 16
    Do you know what boss expects of you at work?

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

    Big euro notes fatten exporters' wallets

    Delicensing dilemmas

    Trade missions on coal to visit UK next week

    LIC offers loan for NHDP at 100 basis pts over G-Sec rate

    Industrial growth hits fiscal year low of 1.6% in Dec

    PPL to set norms for sick PSUs

    VSNL enters Tata family

    BPCL, HPCL divestment -- Govt to pre-empt monopolies

    Pechiney may bid for Nalco control

    Paradeep sold for Rs 151.7 cr

    States may have to foot SEB dues

    Customs collections dip 14% in April-January

    ISRO plans health satellite

    Govt relaxes control on bulk drugs

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