The Hindu Business Line : Thursday, February 28, 2002

Daunting task ahead of Sinha
The absence of any significant investment activity or job creation has further compounded Mr Sinha's problems to the extent of limiting his leeway to contain expenditures to make up for the revenue shortfall. More

Consumer durable makers look for Budget boost
THE consumer durables industry is facing demand stagnation and in specific cases like refrigerators and washing machines there has been significant de-growth, says the industry. As a result, there is a lot of pressure on prices and margins. On ... More

Budget update service from Bharti Cellular
BHARTI Cellular Ltd, which provides the AirTel cellular servcies in Delhi, Kolkata, Chennai, Karnataka and Andhra Pradesh has announced the launch of its special service to offer ``budget updates by the minute''. An SMS based service, and in ... More

Mind your dots and digits, Mr Sinha!
WILL the Finance Minister, Mr Yashwant Sinha, be violating the Standard Weights & Measures Act, 1976 when he presents the Union Budget today? In all likelihood, yes. In 1987, the Central Government changed the numeration rules subordinate to ... More

Budget quips

ENVIRONMENT

Sahara joins initiative on Amby Valley
SAHARA India Pariwar, the International Institute for Industrial Environmental Economics (IIIEE) of the Lund University, Sweden, and the Network for Preventive Environmental Management (NetPEM), Nagpur, have entered into a memorandum of ... More

FOREIGN TRADE

Karzai outlines thrust areas for investment
THE Chairman of the Interim Administration in Afghanistan, Mr Hamid Karzai, has invited the Indian business community to invest in various industries in Afghanistan including education, health, infrastructure network such as roads, bridges, ... More

TEXTILES

AEPC to release additional quota
ADDITIONAL garment export quotas under the `ready goods' (first-come-first-served or FCFS basis) category are being released for quota countries on March 4. The release of additional quantities is being allowed by the Government to accommodate ... More

INDUSTRY ASSOCIATIONS

Disappointment in southern Tamil Nadu
COIMBATORE: Though sparing the middle class from any steep hike in railway fare has been welcomed by the business community in Coimbatore, it has expressed disappointment over non-fulfilment of long-pending demands regarding introduction ... More

MINERALS

A damper on iron ore exporters
THE proposed increase in railway freight on iron ore, though small this time round compared to hikes in the past, is bound to erode further the competitiveness of iron ore exporters. As it is, against their competitors, Indian iron exporters ... More

DISINVESTMENT

CCD okays strategic sale of HPCL, BPCL
ON the eve of the Budget for 2002-2003, the Union Government on Wednesday took an in-principle decision to privatise two major national oil companies, Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL). The ... More

Govt to approach BIFR with Jessop revival deal
THE Cabinet Committeee on Disinvestment has cleared the bid submitted by Ruia Cotex for acquiring a controlling stake of 72 per cent in Jessop and Co. "The highest bid of Rs 18.18 crore submitted by Ruia Cotex Ltd was approved by the CCD at a ... More

Fresh bids for HZL in second week of March
THE Union Government will invite fresh financial bids in the second week of March from all qualified interested parties for acquiring a controlling stake of 26 per cent in Hindustan Zinc Limited (HZL). There are six contenders for buying a ... More

EXPORTS & IMPORTS

ITPO thrust to boost N-E exports
Mr J. Vasudevan, Chairman-cum-Managing Director, ITPO, said a programme had been launched along with Capexil to create greater awareness about the prospects and potential for exports from the region, and also help trade and industry capitalise on thi s for boosting India's share in world trade in the medium-term. More

Exports up 1.56 pc in Apr-Jan
EXPORTS during the April-January period of the current fiscal touched $36,526.14 million, reflecting an increase of 1.56 per cent over the $35,963.84 million recorded during the same period last year. In rupee terms, exports for the period ... More

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