Financial Daily from THE HINDU group of publications
Thursday, March 07, 2002
Markets (March 6)
BL 2501138.01 (-2.56)
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Dollar (Buy/Sell)48.64/48.77
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Rich nations asked to fight poverty
THE World Bank says that the forthcoming United Nations Financing for Development Conference in Monterrey, Mexico from March 18 to 22 provides a chance for the global community to live up to its commitment to the UN's Millennium Development ... More


CEA green signal for Almatti project
THE Central Electricity Authority (CEA) has given its techno-economic clearance for the 290-MW hydel project — Almatti in Karnataka. The project will be implemented by the Karnataka Power Corporation (KPC). The project had initially been ... More


US steel tariffs worry Indian majors
FACED with intense pressure from the domestic steel industry, the US Government imposed steep import tariffs of up to 30 per cent on a range of steel products on Tuesday. The move is threatening to unleash a trade war between major steel ... More

`Meagre exports insulate Indian steel from US move'
DR Jamshed J. Irani, Director, Tata Sons Ltd, and until the middle of last year Managing Director of Tata Steel, is a name closely associated with the country's steel industry. Then, who better to ask on what the additional tariff on steel ... More

Domestic steel cos see cascading effect
THE Indian steel industry, already subjected to anti-dumping duties in the US, is not unduly perturbed by the additional tariff. Indian hot-rolled coil manufacturers have been looking for new markets ever since anti-dumping duties were ... More

`Steel'ing for tough times ahead
THE US decision on Tuesday to temporarily slap eight to 30 per cent tariff on certain steel products beginning March 20 to help bail out its beleaguered domestic steel units has come at an inopportune time for India. The US imposed 30 per cent ... More


SIMA stands by `Cenvat' chain
THE Southern India Mills Association, which has been drawing flak from certain textile manufacturing quarters for its support to the `unbroken' Cenvat chain concept, has said that it would stand by the fiscal restructuring introduced in the form ... More

`Centre keen on textile sector revamp'
THE Centre is taking various measures to revamp the textiles sector, according to the Union Minister of State for Textiles, Mr V. Dhananjaya Kumar. He was speaking to newspersons on Wednesday after inaugurating the first handloom expo in ... More

Yarn-dyed fabric traders in TN protest Cenvat
It is said that while the handloom and powerloom weavers, especially those operating as job working units, are said to be still unaware of the implication of extension of excise duty to hank yarn, master weavers and major textile traders who place o rders for fabric manufacture are the worried lot. More


The barriers are down
The duty relief provided for cheap foreign liquor in Budget 2002 has displeased both Indian and multinational liquor companies, the former because it is detrimental to their interests, the latter because States can still impose other levies. More


TV channels go the `bouquet' way
FOR India's evolving broadcast industry, distribution strength will be a critical factor for survival. Consultants, equity analysts and investorsbelieve broadcasters will increasingly align to acquire strength in a ``bouquet''. Much of the ... More


Royal Dutch seeks to launch e-education venture in India
THE Royal Dutch Shell Group of companies, the second largest energy conglomerate in the world, has firmed up plans to enter the Indian education sector in a big way. The company proposes to invest approximately Rs 87.5 crore ($18 million) as ... More


GM, Rabo Bank among 38 FDI proposals cleared
GENERAL Motor Corporation's plan to infuse Rs 600-crore fresh capital in the wholly-owned Indian subsidiary, General Motors India Pvt Ltd, in the form of Rs 400 crore equity capital and Rs 200 crore preference capital is among the 38 foreign ... More


Pune expo to showcase military ware
THE latest defence equipment, including the Boors Gun and the T-72 tank, will be on display at the International Convention Centre grounds here from Thursday. While the Defence Research and Development Organisation and DGQA will display some of ... More


Court stays tax on perquisites
THE Karnataka High Court has stayed the provisions of the Finance Act 2001, which allows for taxation of perquisites to employees. The stay order was issued in response to a petition filed by the Professional Workers Trade Union Centre. The ... More

I-T extends date for filing Form 2C
THE Income-Tax Department, Chennai, has extended the date for filing of returns in Form 2C for the assessment year 2001-02 till March 31, 2002. The returns should have been otherwise filed on or before November 30, 2001, in respect of persons ... More


Maran for greater role of States in exports
States will now have to show more interest in the new scheme, realising that more exports will mean more jobs. They will get incentives for export promotion. More


Plea to prescribe GMP norms for homeopathy
ALTHOUGH alternative systems of medicine, such as homeopathy, are not alien to the Indian population, it suffers from a problem of perception, fed by the lack of quality of products, produced often in no more than "kitchen-factories". And, even ... More
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Top Stories
US steel tariffs worry Indian majors

Siemens gung-ho; to invest $500 million

Court stays tax on perquisites

IDBI may cut rate on Flexibonds

Soft global wheat prices pressurise domestic exports

Winning approach to life

SEBI tells SEs to act tough on dividends

In Depth
Inside Kashmir
Guide to derivatives
Looking back
Feb. 24-Mar. 2
Policy for workers' security needed: PM

CII plea to widen tax net

Disinvestment, Budget moves to set the tone for next rally

Mitsui pulls out of race for SCI stake

Tough agenda for Finance Minister

DCA seeks details about Hutchison equity pattern

Put reforms on the fast track: Narayanan

Cut deficit, lift growth: Survey

10 PSUs to be divested by March

Cabinet committee meet on HPCL, BPCL sell-off today

Daunting task ahead of Sinha

Exports up 1.56 pc in Apr-Jan

No highs for breweries, distilleries

Sinha lands a knock-out punch -- Rs 12,700 cr extra taxes on individuals, corporates

10 more services come under tax net -- Rs 1,400-cr additional mop-up seen

Oil sector deregulation: A(nother) P(erfect) M(anipulation)

Changes galore for individual taxpayers

Sinha for linking interest rates to inflation

`One can't have a road-map every year'

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