Financial Daily from THE HINDU group of publications
Friday, March 29, 2002
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Financial Daily from THE HINDU group of publications Friday, March 29, 2002 |
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INDUSTRY & ECONOMY ANTI-DUMPING Dumping charge on PET -- Futura Polymers gives undertaking to EU THE Chennai-based Futura Polymers has given a price undertaking to the European Community after it was found ``dumping'' polyethylene terephthalate (PET) into the European Union. The price undertaking means that Futura Polymers will not export ... More BUDGET Chambers positive on TN Budget proposals THE Madras Chamber of Commerce and Industry (MCCI) has welcomed the rationalisation of the sales tax structure proposed by the State Government. However, it has said "in the absence of a clear schedule indicating the tax rates for ... More
TN Budget: Industry welcomes proposals
TN Budget -- But not all see it that way CHEMICALS Anti-dumping duty on caustic soda imports THE Finance Ministry has imposed provisional anti-dumping duty on all imports of caustic soda from Qatar. Based on the recommendations of the designated authority in the Commerce and Industry Ministry, the Revenue Department has now imposed a ... More CONSUMER ELECTRONICS 
`Colour TVs, ACs to drive consumer durables sector'AIR-CONDITIONERS and colour televisions will be the growth drivers for the consumer durables sector this year. According to Consumer Electronics and Television Manufacturers Association (CETMA), air-conditioners are expected to grow at 20 per ... More ECONOMY Rs 840-cr credit outlay for Dakshina Kannada district THE 2002-2003 credit plan for the Dakshina Kannada district of Karnataka, put together by the Syndicate Bank, the lead bank of the district, has envisaged a total credit outlay of Rs 840.16 crore. This is Rs 50.27 crore higher than last year's ... More
Kerala: Panel go-ahead for external aid ENVIRONMENT Greenpeace flays Govt's go-ahead to Bt cotton GREENPEACE has denounced the decision of India's Genetic Engineering Approval Committee (GEAC) to allow commercialisation of Monsanto's Bt cotton variety. "Many, many important ecological questions have been left unanswered in the rush to ... More INFRASTRUCTURE PETROLEUM Naik to take up petroleum product pricing with Sinha THE Petroleum Minister, Mr Ram Naik, on Thursday indicated that he would be taking up the issue of fiscal intervention with the Finance Minister so as to ensure that the existing price levels of kerosene, LPG, diesel and petrol were maintained. ... More
RPL signs deals with oil PSUs POWER AP Power tariff hike draws more flak THE recent power tariff hikes announced by the Andhra Pradesh Government have not just raised the hackles of the Opposition, but also criticism from domestic users and industrial units. While the implications of the upward revision of the ... More STEEL EU steel safety frames collapse before WTO policy EVEN as the ink on the European Union summit declaration has barely dried in Barcelona, where the Spanish Prime Minister Mr Jose Maria Aznar said his highest priority was to inject more momentum into the two-year-old programme to turn the EU into ... More TEXTILES Garment industry resents hike in sales tax rates THE South India Garments Association and the Karnataka Hosiery and Garment Association have urged the State Government to withdraw the proposal to increase the rate of sales tax from four to eight per cent on garments. The associations have ... More SSI DRDO stance puts SMEs in tight spot SMALL and medium enterprises (SMEs), which are playing an important role in mega defence projects such as the light combat aircraft (LCA) and the Missile Development Programme, are facing a peculiar problem. The insistence by the Defence ... More WATER MANAGEMENT COAL CIL shortlists 98 new projects for 10th Plan THE State-owned Coal India Ltd (CIL) has shortlisted a total of 98 greenfield coal projects which are to be taken up during the Tenth Plan (2002-07), envisaging an investment of about Rs 24,082 crore in a phased manner. The combined annual ... More TERRORISM RADIO/TV 
Shielding kids from idiot box violenceIT was an interesting interaction or should we call it altercation — parents on one side and the entertainment industry on the other. They were discussing the increase in violence and aggression pervading the television screen, including ... More
New Telugu pay channel soon MEDICAL INSTITUTIONS & HOSPITALS KNITWEAR & HOSIERY Differential tax on imported goods -- Knitwear makers fear hike in output costs Currently, garment exporters are allowed duty-free import of accessories and embellishments, such as zip-fasteners, to the extent of 3 per cent of their f.o.b value of exports. More DISINVESTMENT Sterlite's public offer price can be higher than Rs 40.50 If Sterlite offers Rs 45 per share on its own during the open offer, the difference between Rs 40.50 per share and Rs 45 per share will have to be reimbursed to the Government. More
CCD clears 51% stake sale in Engineers India
The game-plan behind Hind Zinc buy
Gas supply to Gandhar, Nagothane plants -- IPCL, ONGC to work out pricing formula
VRS before sale of Chef Air, Delhi Centaur FOREIGN DIRECT INVESTMENT CDP among 17 FDI clearances CDP Holdings (India) Ltd's proposal to buy out 100 per cent stake in UTV Software Communications Ltd involving foreign direct investment (FDI) worth Rs 58.5 crore and Ess Technology Inc's proposal to acquire 72 per cent stake in MosChip are among ... More
FDI norms for films eased INTERVIEW 
`Biotechnology needs more VC funding'BANGALORE is to host the second annual biotech event, Bangalore Bio 2002, from April 15 to April 17. Often hailed as the booming industry after IT, biotechnology is generating a lot of interest in the State. Ms Kiran Mazumdar, CMD, Biocon ... More EVENTS INCOME TAX Charitable tax breaks CHENNAI: IT'S that time of the year when people are spending a great deal of time on tax planning, trying to make a few more tax-saving investments to reduce this year's tax burden. According to Ingrid Srinath, CRY's Director of Resource ... More EXPORTS & IMPORTS Growth plan for exports under study The current thinking is that the money available from phasing out the other schemes would be included as a corpus for this single-point programme. Informed sources point out that the proposed single Market Development Programme will include concessio nal funding for technology absorption and market development including brand promotion. More TOURISM 
Karnataka set to do a Kerala in tourismAt least a dozen majors have shown interest in investing and promoting major circuits in the State, especially locations such as Hampi and Bijapur. More
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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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