Financial Daily from THE HINDU group of publications
Wednesday, May 29, 2002
Markets (May 28)
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INDUSTRY & ECONOMY

ECONOMY


Positive US numbers do not add up to rate rise
THE flow of encouraging economic data from the US has resumed. The last couple of weeks have seen a reversal of previously negative news. The highlights were the surge of 1.1 per cent in durable goods orders and the unexpected rise in new home ... More

SIPCOT parks lie vacant -- Await policy props to lure investors
THE State Industries Promotion Corporation of Tamil Nadu (SIPCOT) is saddled with almost 2,500 acres of land that it had acquired for establishing industrial parks, but has not been able to find any takers so far. The corporation, however, is ... More

`India Inc must look for resources at home'
INDIAN businesses must not look abroad for help; instead, they should look at using local resources to the maximum. This, in a sentence, is the message for India, says management guru Dr C.K. Prahalad. Speaking at an informal interaction with ... More

PHARMACEUTICALS


Controlled drugs list by June-end
THE official list of drugs under price control is expected to be notified by late-June. Highly-placed Ministry sources told Business Line that the draft of an amended list of drugs is now with the nodal Ministry of Chemicals and ... More

POWER


U-turn in policy on IPPs -- Belgaum power project gets Karnataka Govt guarantee
THE Tata Electric Company Ltd, which is operating the 81.3 MW liquid-fuel power project in Belgaum, has finally been allotted a sub-sovereign guarantee by the Karnataka Government. So far only the Tanir Bavi Power Company had been provided with ... More

SSI


Kerala: Boom time for umbrellas, schoolbags
WITH schools to reopen on June 5 and the South-West monsoon to set in on June 1, if the meteorological department's forecast turns out to be true, the manufacturers of umbrella and school bags are out to woo children with their new ... More

EDUCATION


  • GE Fund scholarship
  • AP: Educational institutes evaluated

    FOODS & FOOD PROCESSING


    CII for adopting national food safety code
    IN order to give a boost to the food industry, the Confederation of Indian Industry (CII) has stressed on the need to harmonise various food laws and putting them under one law. A national food safety code covering all aspects of food safety ... More

    REAL ESTATE & CONSTRUCTION


  • Real estate prices up in Bangalore

    ALUMINIUM


    Aluminium trade seeks LME-linked pricing
    THE Aluminium Association of India, an apex body representing all manufacturing segments of the domestic aluminium industry, has urged primary aluminium producers to fix domestic metal price linked to London Metal Exchange (LME). An LME-linked ... More

    INDUSTRY ASSOCIATIONS


    Assocham votes for e-mail notices
    THE Associated Chambers of Commerce and Industry of India (Assocham) has recommended that companies be permitted to send board meeting notices through e-mail. The chamber has made this recommendation in response to a letter from the Department ... More

    CII not in favour of recordings
    EVEN as the Government is to take a final view on allowing companies to hold board meetings through video/tele conferences, the Confederation of Indian Industry (CII) has opposed any moves that would stipulate the video/tape recording of the ... More

    READYMADE GARMENTS


    Short & tight, Aamir style goes trendy
    The answer may very well go in its favour, what with short and tight shirts flying off the shelves after Aamir Khan wore them in last year's urban flick Dil Chahta Hai. Among the apparel companies that tasted success with short ... More

    WTO


    `Govt must move WTO to ease curbs on broadcasting'
    INDIA must seek relaxation of restrictions placed on audio-visual services by some developed countries as part of the ongoing negotiations under the General Agreement on Trade in Services (GATS) according to the Federation of Indian Chamber of ... More

    RURAL DEVELOPMENT


    Folk tales that make a difference
    Technology is transforming our lives for the better, say villagers in Dindigul district, Tamil Nadu. And among enthusiastic users is a 65-year-old illiterate grandmother. More

    LABOUR REFORMS


    Panel suggests go-slow on labour law reforms
    A SPECIAL Group on Employment of the Planning Commission has concluded that the programme for creating 50 million employment opportunities over the Tenth Plan period (2002-07) is "feasible" and urged the Government to go slow on labour law ... More

    EVENTS


  • Thiruvananthapuram Engagements

    INCOME TAX


    TDS on Rly staff perks -- Ministry seeks PMO nod for partial rollback
    THE Finance Ministry is set to seek the clearance of the Prime Minister's Office (PMO) to partially roll back its decision to deduct tax at source on the perks given to railway employees in the form of free railway passes and Privilege Ticket ... More

    Rly staff want tax on perks to go
    RAILWAY officers and staff associations have stepped up pressure on the Government to withdraw tax on the perquisite value of railway passes and privileged ticket order (PTO). The federations staged a protest here against the deduction of ... More

    TOURISM


    `Kerala Govt clued in on need to promote eco-tourism'
    The Government has also taken steps to develop and preserve Magalavanam in Kochi as a prestigious eco-tourism project by conserving the birds, trees and wetlands of the area. More

    15-20 pc drop in tourist arrivals post-Sept 11
    INDIA has seen a decline of 15-20 per cent in foreign tourist arrivals since September 11, the Minister for Tourism, Mr Jagmohan, has said. ``The decline in tourist arrivals seems huge. But in terms of decline in foreign exchange earnings, the ... More

    ECONOMIC OFFENCES


    ED to issue FERA notices before sunset clause expires
    THE Enforcement Directorate is set to issue notices to scores of companies and individuals under the erstwhile Foreign Exchange Regulation Act (FERA), with just three days to go for the expiry of the sunset clause under the Foreign Exchange ... More

    SEBI revelation on OCBs stumps CBI -- Did Ketan dupe his own partners?
    AN observation by the Securities and Exchange Board of India (SEBI) that stockbroker Mr Ketan Parekh defrauded six overseas corporate bodies (OCBs) has stumped the Central Bureau of Investigation (CBI) which thought they all were "partners in the ... More


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