Financial Daily from THE HINDU group of publications
Saturday, May 04, 2002
Markets (May 3)
BL 2501147.73 (-1.11)
BSE Sensex3380.61 (+8.05)
S&P CNX Nifty1096.95 (+3.65)
Dollar (Buy/Sell)48.93/49.06
Gold Std (10 gm)5150 (+15)

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India major user of anti-dumping measures
INDIA is one of the key players among the WTO members, making effective use of anti-dumping measures in a way that is transparent and compatible with the multilateral trade rules as also rules and regulations laid down by the laws of the land in ... More


Cement sector output crosses 100-mt mark
LARGE cement plants in the country together produced 102.4 million tonnes of cement in 2001-2002, which is 9.39 per cent higher than the previous financial year (93.61 mt). Production during March 2002 crossed the 10-million tonne mark, the ... More


TN jobs profile reflects economic shift -- Services sector employing larger numbers
THE structure of employment in Tamil Nadu has more or less mirrored the structural transformation that has taken place in the State's economy over the years. For, the number of persons employed in the primary sector has shown a decline while that ... More

AP a favoured destination for investments: Minister
The State Major Industries Minister, Mr K.Vidhyadher Rao, said as per a survey conducted by Assocham, Andhra Pradesh ranked second with a total investment of about Rs 46,493 crore, thereby ranked only after Maharashtra with about Rs 51,338 crore. More


Karnataka: Call for awareness on clean environment
Organised efforts are needed to create awareness on the value of clean environment and its protection, the Governor, Ms V.S. Ramadevi, has said. Inaugurating a two-day meet on environment, Parisara 2002, here, she said mass awareness programmes, ... More


Move to ensure success of 8-digit customs tariff code
Suggesting that this would also give the country mileage in WTO negotiations, the DGFT said sensitive items too could be safeguarded. More


Pvt sector allowed into primary healthcare
THE National Health Policy 2002, announced here on Friday against the backdrop of the post-TRIPS regime, envisages an increase in health spending from 5.2 per cent to 6 per cent of GDP. Dr C.P. Thakur, Union Health Minister, told the media that ... More


Land bridge to Lanka to cost $500 million
THE pet project of the Sri Lankan Prime Minister, Mr Ranil Wickremesinghe, to build a land bridge between Sri Lanka and India, is getting concretised with the Board of Investment (BoI) of Sri Lanka being given the assignment to draw up plans for ... More


Four cos seek to retail petro goods
OIL and Natural Gas Corporation and Numaligarh Refineries Ltd have applied to the Government for authorisation to retail petrol and diesel, according to the Union Petroleum Minister, Mr Ram Naik. Inaugurating the `Gastech 2002' conference on ... More


Privatising only transmission will not help: PowerGrid
POWER Grid Corporation of India Ltd has opposed privatisation of transmission networks in the country. Briefing presspersons here, the PowerGrid Director (Operations), Mr Bhanu Bhusan, said: "Private participation in transmission will serve no ... More

Power generation, distribution units allowed in SEZs
THE Government has now formally allowed the setting up of units for generation/distribution of power in the special economic zones of the country. Confirming the move, a senior Government official said that the Exim Policy for 2002-07 has now ... More

Centre agrees to provide 200 MW for Karnataka
The additional power supply would only help maintain the existing supply without enhancing the load shedding. More


BMC launches online property tax payment facility
MUMBAIKARS will now be able to pay their property taxes online with the Brihanmumbai Municipal Corporation (BMC), the largest civic body in the country, teaming up with ICICI's to offer its tax-payers the facility to pay their ... More


Central Bank scheme for small industries
THE Laghu Udhyami Credit Card Scheme (LUCC) launched by the Central Bank of India aims at providing hassle-free financial support to small business units, retail traders, artisans, village industries, professionals and self-employed ... More


CIL defers move to revise prices
COAL India Ltd (CIL) has deferred its move to revise coal prices till such time the company's board okays it. This suggests that the existing prices of all grades of coking and non-coking coal will remain unchanged till further notice. The CIL ... More


Broadcasting panel
NEW DELHI: The Indian Broadcasting Federation (IBF) has set up a committee headed by Mr Mahesh Prasad, President Sahara TV, to prepare a report on India's position regarding the broadcasting sector for discussions at the WTO. At its ... More


`Home appliances sector needs separate identity'
THE time is ripe for the home appliances segment to re-examine its approach towards the consumer. Besides, the segment also needs to distinguish the two categories - consumer electronics and home appliances - of the consumer durables industry. ... More


Kolkata real estate still in doldrums
AMIDST talk that Kolkata's real estate market is once again getting into the active mode, a lot of newly developed commercial space seems to have no takers. Or so feels a section of developers, worried as they are that the market will soon get ... More


CII to focus on social integration
AMONG the many committees that the Confederation of Indian Industry has set up is one on social integration. The idea for setting up such a committee may have come out of the violence in Gujarat, but the committee will not confine itself to ... More


AP Govt okays compensation package for PSU staff
THE Andhra Pradesh Government has issued fresh guidelines for payment of special compensation package (SCP) for employees of State enterprises which are to be privatised in specific cases where the management passes over to private ... More

  • NCS Estates bags Latchayyapeta bid


    Templeton among FDI plans cleared
    THE Government on Friday cleared Foreign Direct Investment (FDI) proposals worth Rs 580 crore, including Caltex Oil Corporation's proposal to increase its stake from 51 per cent to 100 per cent. For this, Caltex Oil will bring in foreign ... More


    Kerala: Avanoor bags best panchayat award
    AVANOOR village in Thrissur district has been chosen for the Swaraj Trophy for the best village panchayat in the State for 2000-2001. Announcing this, the Minister for Local Administration, Mr Cherkalam Abdullah, said that the trophy was being ... More


    `Manufacturing sector must act fast to make a mark'
    WITH the comparative advantage for manufacturing shifting in favour of developing countries, Indian industry needs to devise fresh strategies in the near-term to enhance its share in global manufacturing output, according to the Secretary, ... More

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  • Top Stories
    Andersen partners join Ernst & Young -- Business consulting kept out

    M.S. Oberoi dies at 103

    The TDS milch cow

    Cement sector output crosses 100-mt mark

    The ebb-flow match continues for IT cos

    Wheat MSP a `mirage' outside Punjab, Haryana

    Pvt sector allowed into primary healthcare

    Land bridge to Lanka to cost $500 million

    In Depth
    Inside Kashmir
    Guide to derivatives
    Looking back
    Apr. 21-Apr. 27
    Patkar to support KGF, Kudremukh causes

    SCI buyer allowed up to 25% tonnage stripping

    Power funds for States to be linked to performance

    `Speculative' deals to be redefined

    Dabhol: GE won't budge on surety

    New routes for tax evasion -- Debt tools misuse under scrutiny

    India tops list in launching anti-dumping probes

    Core sector growth rate down to 3 pc in 2001-02

    Electronics, petro product exports buck negative trend

    `States have to chip in on mineral exports'

    Sinha treads `middle' path softly

    Rollback leads to rise in tax saving scheme yields

    Revenue Dept puts together comprehensive relief package -- Section 80 L benefits restored

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