Financial Daily from THE HINDU group of publications
Friday, June 14, 2002
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INDUSTRY & ECONOMY

RESEARCH & DEVELOPMENT


Central help sought for tech hub
KARNATAKA, with its research base, wants to be a hub of technology enterprise. It has sought Central support for its plan to promote a winning Industry-R&D agency interface, according to the Industries Commissioner and Director, Industrial ... More

AUTOMOBILES


Panel to remove auto sector roadblocks
THE Minister of Heavy Industries and Public Enterprises, Mr Suresh Prabhu, on Thursday offered to set up a "ministerial mechanism'' to remove constraints hindering growth in the automobile sector, a Government statement said. Mr Prabhu made the ... More

CHEMICALS


Ministry drops plan to set up chemical estates -- To support States keen on the project
"We have decided that we may extend some support to those States which decide to build these estates." More

ECONOMY


Jalan hopeful of 6.5 pc growth
THE Reserve Bank of India Governor, Dr Bimal Jalan, has said that the economy could register a growth of six to 6.5 per cent for 2002-03 on the back of a good monsoon, well in line with the projections made by the central bank earlier. He told ... More

ENVIRONMENT


An initiative to recycle PET bottles
IF you are living in South Chennai, do not throw away the polyethylene terephthalate (PET) bottles in which you buy soft drinks or water. An entire collection chain is being put in place by the end of this month that will take your bottles up to ... More

KSRTC's eco-friendly initiative
BANGALORE: Spot a polluting State transport bus and win Rs 100. That is the new eco-friendly initiative that the Karnataka State Road Transport Corporation has launched. The catch is that the tests on the bus should prove it. KSRTC ... More

INFRASTRUCTURE


FI, bank funding of projects worth Rs 50,000 cr -- Special purpose vehicles for infrastructure likely
FINANCIAL institutions and banks are considering the setting up of special purpose vehicles (SPVs) to fund infrastructure projects worth close to Rs 50,000 crore over the next four to five years. All financial institutions barring the troubled ... More

PETROLEUM


  • AP: Plea for more gas-filling stations

    POWER


    CESC falters on FRN interest
    CESC Ltd, the RPG-controlled power utility, has defaulted on the interest payment on its $70-million floating rate notes (FRN), which are due in 2007. The interest payment had become due on May 8, according to a notice from Law Debenture Trust ... More

    Kerala: Policy for small hydel projects on anvil
    THE Kerala Government is planning to bring out a policy on tapping the large potential for power generation from small hydel sources in the State. The Electricity Minister, Mr Kadavoor Sivadasan, said in reply to questions in the Assembly on ... More

    `KPTCL payments fall short of PPA' -- Tanir Bavi may invoke escrow account
    FACED with mounting over-dues, Tanir Bavi Power Company Ltd (TBPCL) is now poised to invoke the first stage of the payment security mechanism as permitted in the power purchase agreement (PPA). TBPCL, promoted by the GMR Vasavi group, operates ... More

  • AP thermal power stations bag awards

    WATER MANAGEMENT


    Groundwater maps for 3 more States
    THE States of Gujarat, Orissa and Jharkand will be provided with satellite-based digital groundwater prospect maps by the end of the current year. The National Remote Sensing Agency (NRSA), here which is co-ordinating the preparation of these ... More

  • GIS mapping of water systems

    COAL


    BIFR may go in for wind-up order -- Uncertainty over ECL revival
    BIFR has directed CIL, the Union Ministry of Coal and the West Bengal Government to decide on the various concessions sought by the ailing ECL within 10 weeks. More

    BREWERIES


    AP guzzles more beer this summer
    THE summer beer sales in Andhra Pradesh, the largest guzzling State, moved up by 38 per cent during the April-May months of the financial year 2002-03 in comparison to the same period in the previous year. The cumulative sales of all brewers ... More

    PERSONAL PRODUCTS


    `FMCG sales decline rate has stabilised'
    THE rate of decline of Indian retail sales of fast-moving consumer goods (FMCGs), which was on a 10-month slide, has stabilised at three per cent, according to a report from investment bank DSP Merrill Lynch. The report says that the sales in ... More

    EDUCATION


  • More engineering seats in Karnataka

    LEATHER


    Costing standards for footwear sector
    THE Institute of Cost and Works Accountants of India (ICWAI) has come out with Cost Accounting Standard on Classification of Cost, guidelines on Transfer Pricing and Cost Accounting Rules relating to footwear industry here today. "The relevancy ... More

    INDUSTRY ASSOCIATIONS


  • Assocham hails recall of warships

    SCIENCE & TECHNOLOGY


    Develop technology suited to Indian needs: Chidambaram
    THE country is poised before a "great opportunity" to cash in on its technology assets but should ensure that this is driven by purely Indian needs, Dr R. Chidambaram, Principal Scientific Adviser to the Government of India, has said. In the ... More

    DISINVESTMENT


    RSP fertiliser unit sale bids to be opened soon
    The fertiliser unit has an installed capacity for manufacturing 3.4 lakh tonnes of the nitrogen-rich fertiliser, calcium ammonium nitrate, which used to be marketed under the brand name `Sona'. More

    LABOUR REFORMS


    Karnataka Labour Dept to launch Web site
    THE State Labour Department will be launching a Web site to detail labour-related issues, including the recently revised minimum wages, according to Mr D.N. Narasimha Raju, Commissioner of Labour. Addressing the members of the Federation of ... More

    EXPORTS & IMPORTS


    Govt forms core panel for export finance under DEA
    THE Union Government, in a bid to give special thrust to exports under the medium term export strategy (MTES), particularly in the area of export finance, has constituted a Core Committee headed by a Joint Secretary handling foreign trade under ... More

    Product-specific safeguard duty on Chinese goods in offing
    The Finance Ministry has now outlined the manner in which articles liable for safeguard duty may be identified and the manner in which the existence of "market disruption'' to domestic industry be investigated as a consequence of increased imports fr om China. More

    Duty drawback claims -- Exporters asked not to manipulate documents
    THE Commissioner of Customs (Sea), Chennai, Mr Joseph Dominic, has urged exporters not to manipulate documents for claiming duty drawbacks which are pending with the department for a long time. "In the past, we have had some unpleasant cases in ... More


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  • Top Stories
    Product-specific safeguard duty on Chinese goods in offing


    An initiative to recycle PET bottles

    ICICI Bank unveils `HomeSafe' cover

    FI, bank funding of projects worth Rs 50,000 cr -- Special purpose vehicles for infrastructure likely

    Roping in BSE, Apeda, SSI Tech -- BCE forms consortium to bid for multi-commodity futures

    CESC falters on FRN interest

    Reforms in India and China -- Policy regimes make the difference

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives

    Looking back
    Jun. 2-Jun. 8
    Uncle Sam's report card

    Exports recover, up 18% in April

    Petrol price hike likely on Monday

    100% FDI plan in tea plantation raises queries

    Ambattur estate: Survival of the fittest?

    Rs 9,063-cr shortfall in tax revenue -- Fiscal deficit overshoots target by Rs 4,490 crore

    What to do with your old car? Ask BMW

    Govt hikes petrol, diesel prices; cuts excise duty

    Visa troubles cause worry in travel, tourism industry

    Steps to check money laundering

    Patents Bill needs surgery, say pharma MNCs

    Eco-savvy women's self-help groups

    Not much difference in FDI flows to India, China: IFC

    India, Lanka open Nafta-type trade ties


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