Financial Daily from THE HINDU group of publications
Wednesday, March 27, 2002
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Financial Daily from THE HINDU group of publications Wednesday, March 27, 2002 |
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INDUSTRY & ECONOMY ECONOMY Consensus needed for reform-linked aid to States During the preliminary general Budget discussion in Parliament, even allies of the Government had sought roll back of these drafts on people with the Opposition training its guns on the Treasury benches. If this is the response to the reforms by resp onsible political parties, how can Centre go about effecting root-and-branch reforms in areas such as power, urban infrastructure and transportation. More
MCH sets aside one-fifth of property tax for urban slums ENVIRONMENT Ballast water causes eco hazard: Study THE discharge of ballast water by ships has created ecological hazards at various ports all over the world including major Indian ports, according to a recent research study undertaken by the International Maritime Organisation (IMO) and ... More FERTILISERS Plea to cut 4 pc SAD on rock phosphate, sulphur THE Fertiliser Association of India has requested the Government to withdraw the four per cent ad valorem Special Additional Duty imposed on rock phosphate and sulphur, which are the raw materials required to make phosphoric acid, a key input in ... More POWER AP Power tariff hike draws flak; Oppn demands rollback For 2002-2003, while the Opposition wants a rollback on the proposed tariff hike, the State Government had assured a subsidy of Rs 1,509 crore. This will be in addition to the cross subsidy component built into the system. More
TAXATION TN sales tax collection makes slow progress The Government has been asked by experts to look at taxing the services sector and the agriculture sector, besides streamlining the tax collection machinery. More TEXTILES `Dhaka move on yarn import will hit exports' THE Bangladesh Government's move to ban cotton yarn import land ports would considerably affect the export of cotton yarn from India, according to the Indian Cotton Mills Federation (ICMF). In a statement, the Chairman of ICMF, Dr Rajaram ... More SSI COAL CIL asked to pay 40% more arrears to workers THE Union Minister for Coal and Mines, Mr Ram Vilas Paswan, has directed Coal India Ltd (CIL) to pay further 40 per cent of arrears of the Sixth Wage Board to the workers by this month-end. This was decided during a review meeting on coal ... More READYMADE GARMENTS Nod for five apparel park plans soon: Rana FIVE initial proposals for setting up apparel parks, designed to give the overseas buyers a single-stop market in India meeting all labour/environmental standards, would be accorded "approval in a short time," the Union Textile Minister, Mr ... More
KNITWEAR & HOSIERY 
Tirupur Container Terminals keen to expand servicesTIRUPUR Container Terminals Pvt Ltd (TCTL), the inland container depot operated by the Lemuir group in the hosiery town of Tirupur, is seeking to offer a wider range of logistics services to shippers in the region. TCTL plans to foray into ... More MINING & QUARRYING 
Sand mining defaces riversINDISCRIMINATE sand mining in major rivers is posing a serious threat to the environment and if the practice goes unchecked, the impact on nature will be disastrous, according to environmentalists. The rivers such as Pampa, Manimala, ... More MINERALS GSI to get Rs 1,100 cr in Tenth Plan THE Tenth Plan allocation for Geological Survey of India (GSI) has been fixed at Rs 1,100 crore, up 143.6 per cent compared to Rs 451.5 crore during the Ninth Plan, the Minister for Coal and Mines, Mr Ram Vilas Paswan, said here on Tuesday. The ... More CINEMA 
Film industry set for high actionTHE Indian film industry, largely devoid of vertically- integrated entertainment companies, could witness progressive alignments straddling film production, distribution and exhibition. Such a move would enable the enhanced capturing of all ... More
DISINVESTMENT Guj Samachar, 8 others submit EoI for Hind Newsprint THE Gujarat Samachar group of publications, along with other eight interested parties, is understood to have submitted expressions of interest (EoI) regarding the purchase of 74 per cent equity of the Kerala-based Hindustan Newsprint Ltd (HNL), a ... More
HZL buyer to have call option first to acquire another 18.92%
Govt studying CBI charges against Reliance SMALL SAVINGS Kerala: EPF arrears mount as companies default ARREARS on EPF contributions are mounting in Kerala as many companies in the State continue to default due to poor financial performance. The total arrears to be collected stood at Rs 37.78 crore as on March 31, 2001 and this is estimated to be ... More FOREIGN DIRECT INVESTMENT BILT renunciation plan among 29 FDI clearances THE Union Government on Tuesday cleared 29 foreign direct investment (FDI) proposals including Ballarpur Industries Ltd's (BILT) proposal to permit resident shareholders to renounce their entitlement in the proposed Rs 240.4-crore rights issue of ... More HUMAN RESOURCES EVENTS "Task of building institutions needs courage" The task of `building' institutions is `a most daunting one and demands immense courage, unstinted perseverance and a willingness to work in teams', according to Mr T. Ramesh Pai, Chairman of the Manipal group of companies. He was addressing ... More
EXPORTS & IMPORTS Importers can rebook cancelled forward deals THE Reserve Bank of India has relaxed rules on hedging of imports by allowing importers to re-book cancelled foreign currency forward contracts. However, the facility, which will come into effect from April 1, 2002, is up to an amount of $100 ... More STANDARDS & BENCHMARKS Comments & Letters to the Editor to: bleditor@thehindu.co.in Subscribe to: Business Line |
Top Stories In Depth Inside Kashmir Guide to derivatives US-64 Looking back Mar. 17-Mar. 23 LPG price hike cut by half Economy in for better days: Sinha PM defends divestment of blue-chip PSUs Free market throws up new equations -- Essar offers to market Reliance petro products Playing catch-up with global majors... Steel cos set to hike prices Jalan puts growth rate at 6-6.5% Designs to make people work better Pact signed for India's first private satellite Panel against foreign investment in newspapers Govt focussed on NPA recovery, says Sinha Sinha hints at further rollback |
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