The Hindu Business Line : Friday, May 03, 2002

CII sets up 5 task forces for Karnataka
CII has set up five new task forces for Karnataka including computer hardware, CII-Karnataka President, Mr M Lakshminarayan, said here. The other task forces are for biotechnology, healthcare, infrastructure and tourism. Karnataka can be a key ... More

Rajasthan Plan outlay pegged at Rs 5,160 cr
RAJASTHAN'S annual Plan for 2002-03 has been pegged at Rs 5,160 crore based on the identifiable resources of the State. This was agreed at a meeting between the Planning Commission Deputy Chairman, Mr K.C. Pant, and the State Chief Minister, Mr ... More

Modest growth predicted in world trade
Stating that the widely expected slowdown in the expansion of world output and trade turned out to be much stronger than most had projected at the start of 2001, the WTO said that the one per cent decline in world export volume in 2001 followed a 12 per cent increase in 2000. More

`Pessimism outweighs economic optimism'
THERE is a sense of pessimism towards India in spite of economic conditions being the most favourable in decades, Dr Bimal Jalan, Governor, Reserve Bank of India (RBI), said at the 94th annual general meeting of the Indian Merchants' Chamber ... More

ADB for reformulating strategy for Kerala
THE strategy document on the Modernising Government Programme (MGP), based on which Asian Development Bank (ADB) will structure its loan assistance programme for Kerala, puts the Kerala Model under microscope. The preamble to the document said ... More

ENVIRONMENT

Pvt waste project in Tirupur facing hurdles
THE Hyderabad-based IVR Enviro Projects Pvt Ltd, the first private player to handle municipal solid wastes in the hosiery town of Tirupur, is finding its business brief both worrisome and challenging. The Tirupur Municipal Solid Wastes ... More

FOREIGN TRADE

Bid to boost ties with sub-Saharan Africa
The Government had announced `Focus-Africa Programme' on March 31, 2002 along with the Exim Policy for 2002-07. The programme aims at focussing at sub-Saharan African region with added emphasis on the seven major trading partners (Nigeria, South Afri ca, Mauritius, Kenya, Ethiopia and Ghana) of the region. More

PETROLEUM

Finance Ministry to work out details on petro duty issue
THE Finance Ministry has initiated the exercise of assessing the revenue impact of the Petroleum Ministry's proposal to cut excise duty on petrol and diesel, according to the Petroleum Minister, Mr Ram Naik. Mr Naik reiterated his Ministry's ... More

`Marker' to detect fuel adulteration
OIL majors Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation have introduced a system to detect adulteration in petroleum products at depots in Mumbai and Delhi. According to an IOC release, the new ... More

POWER

Power sector reforms -- Focus on financial discipline
REFORMING the power sector is one of the most difficult challenges to public policy-making in the country. The ills plaguing the sector — distorted tariff structure, high technical and commercial losses and shortage of resources — are ... More

Wheeling and imposition of grid support charges -- CII dubs APTransco hike a `retrograde' step
The CII pointed out that, "While the (State) Government's effort to make APTransco (the State's power transmission company) commercially viable is laudable, this should not be at the cost of development of major industry in Andhra Pradesh.'' More

TAXATION

Tax receipts in positive phase
IN a major reversal of trends witnessed over the last couple of years, the Centre's net tax receipts have turned positive in April this year indicating a lower refund payout to corporates. According to a senior official, net tax receipts stood ... More

BMP plans analysis of capital value system

EDUCATION

IcfaiTech starts counselling sessions

COSMETICS

Colour dot labels for cosmetics in, drugs out
IN case you have run across the sole `vegetarian toothpaste' in the market-place, there's more. Soon consumers may be able to decide whether they want to pick up a `non-vegetarian' soap or a `vegetarian talcum-powder'! The Union Health ... More

FOODS & FOOD PROCESSING

Anti-pathogen unit to be set up in Kochi
PLANS are afoot to set up an accelerated radiation-based processing facility to ensure hands-free elimination of pathogens and parasitic organisms from the vast array of commodity exports from Kerala. The unit is proposed to be set up in Kochi ... More

LEATHER

Finished leather exports up 28 pc
THERE has been a 28 per cent increase in the export of finished leather from India between April 2001 and January 2002 as compared to the same period last year. Coming at a time when overall leather exports grew by only 0.55 per cent with ... More

SCIENCE & TECHNOLOGY

Sharing a lighter moment
The inventor of embryonic stem cells, Prof. Martin J. Evans, Cardiff School of Biosciences, UK, and his wife, Ms Judith Evans, in Hyderabad on Thursday. Prof. Evans was bestowed with the Albert Lasker award, America's Nobel prize, for basic ... More

FOREIGN DIRECT INVESTMENT

`Scope for NRIs to invest in social infrastructure'
NON-RESIDENT Indians (NRIs) have good scope for investing in social infrastructure and real estate projects in India, as a large number of suburban townships and development parks are coming up, reflecting a boom in these sectors, according to Mr ... More

EVENTS

ICSI unveils new secretarial standard
THE Union Minister for Law, Justice and Company Affairs, Mr Arun Jaitley, has released the Institute of Company Secretaries of India's (ICSI) second secretarial standard, SS-2 namely, "Secretarial Standard on General Meetings" and a "Monograph on ... More

Domestic suppliers need support, says Defence Ministry
THE Defence Ministry is prepared to initiate talks with the Finance Ministry for removing some of the hurdles that have come in the way of increased private sector participation in the defence industry. This was stated by Mr Ajai Vikram Singh, ... More

Thiruvananthapuram Engagements

EXPORTS & IMPORTS

Premiums on some garments shoot up
QUOTA premiums on some garment categories have shot up during the last fortnight. In the last two weeks, the premiums on trousers to the US have gone from Rs 225 per piece to Rs 300 per piece. Mr K.M. Thakker, a Chennai-based garment exporter, ... More

`Software, services exports up 29 pc'
INDIA'S software and service exports grew by 29 per cent in 2001-02 to Rs 36,500 crore and are expected to rise by 30 per cent in the current fiscal, National Association of Software and Service Companies (Nasscom) has said. While the software ... More

`Scope for India to raise share in US imports'
THE Government on Thursday held that there was ample scope to improve the country's share of about 1 per cent in total US imports. Addressing a meeting on the Exim Policy organised by the Indo-American Chamber of Commerce, the Commerce Secretary, ... More

TOURISM

Lanka spreads red carpet for Indian tourists
IN its continuing effort to woo the Indian tourist the Ranil Wickremesinghe Government in Sri Lanka has given the Indian visitor the facility of getting visa on arrival. But it is doing a rethink on its original proposal to allow free spending ... More

`Infrastructure' tag for TFCI proposed
THE Estimates Committee of the Ministry of Tourism and Culture has recommended that the Government look at the possibility of granting Tourism Finance Corporation of India (TFCI) the status of an infrastructure-funding agency. The committee's ... More

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