Financial Daily from THE HINDU group of publications
Tuesday, July 09, 2002
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Dumping duty mooted on acrylic yarn from Nepal
In its final findings on anti-dumping investigations concerning imports of acrylic yarn originating in or exported from Nepal, the Authority has recommended the imposition of a definitive anti-dumping duty of $0.14 per kg on acrylic yarn exported by Reliance Spinning Mills Ltd, Nepal. More


Major economies need structural reforms to sustain growth: BIS
Mr Nout Wellink, Chairman of the board of directors and President of the BIS, while addressing the representatives of more than 100 central banks, stressed the importance of structural reforms in achieving stronger and sustainable growth in major eco nomies. More

Kerala: No more delay in pension disbursal
WITH the State Government resorting to routing of pension payments through nationalised banks as against the extant practice of despatching thousands of money orders, complaints of delay in disbursals have been mostly taken care of, an official ... More


Centre to discuss Pampa pollution issue
THE Union Ministry of Environment and Forests has convened a meeting to discuss the pre-feasibility study report of the Kerala State Pollution Control Board (KPCB) on the Pampa river, probably as a prelude to granting administrative sanction for ... More


India, Iraq sign pact to boost trade ties
INDIA and Iraq have signed an agreement to bolster trade ties, including in the oil sector. This was announced after a meeting of a joint Iraqi-Indian Commission held in Baghdad. The meeting was presided over by the Union Minister for Oil and ... More


Focus on rural healthcare insurance
THE need to implement the Managed Care Mode of rural healthcare insurance was emphasised at the workshop on `Community Health Insurance Scheme of the Government of Madhya Pradesh'. The workshop was jointly organised by the Federation of Indian ... More


Three cos shortlisted for financial district project in Karnataka
Among Karnataka's dream is a plan is to set up an exclusive financial district in the city— on the lines of Mumbai's Bandra Kurla zone — which will be abuzz with financial institutions, banks, insurance companies, venture capitalists, ... More


Bajaj Allianz named lead insurer for RTPS 4th unit
With this latest award, BAGICL has revised its premium income target for the current financial year. It has now raised its target to Rs 300 crore, up by Rs 100 crore. More

Power situation likely to ease soon in AP
WITH the power demand supply mismatch creating problems in Andhra Pradesh due to maintenance of some units and outage in Simhadri 500 MW unit, the State Government and APTransco are working up a series of measures to meet the enhanced power ... More


AP Commercial Taxes Dept sets Rs 8,800-cr target
A TARGET of Rs 8,803 crore has been fixed for the Commercial Taxes Department for the current fiscal, which is Rs 1,000 crore more than that of last year, Mr N. Ramesh Kumar, Commissioner of Commercial Taxes, told presspersons here on Monday. ... More


  • Sop to garment units in AP


    Plea to raise turnover bar for SSIs to Rs 10 cr
    IN an era of global competition, the status of small-scale industries (SSIs) need to be redefined to ensure that the units with considerably high investments in modern technology and those that have significant scale of operation are brought ... More


    `Toddy crisis will blow over soon'
    Of over 4,000 shops for which bids were sought, 800-odd did not receive any bids. More


    Madras varsity Senate House to get a facelift
    MADRAS University has decided to entrust the work on the renovation of the Senate House, which is one of the heritage structures of Chennai, to the State Government's Public Works Department. Speaking to newspersons, the Vice-Chancellor of the ... More


    Auto cos go for a rural drive
    PASSENGER cars may not remain an urban phenomenon. For faced with rising income levels in rural areas due to a recovery in commodity prices and prospects of a good monsoon, an increasing number of auto companies are aggressively making inroads ... More


    Review duty on newsprint: FICCI
    INDIA Inc has requested the Finance Ministry to examine the anomalies that have crept in the matter of imposition of Customs duty on newsprint import. Commenting on the issue, the Federation of Indian Chambers of Commerce and Industry (FICCI) ... More


    Anna varsity inks pact with FAP
    CHENNAI: Anna University has signed a MoU with the Foundation for the Advancement of Pharmaceuticals, Mumbai, to carry out complementary research in new drug discoveries and development of therapeutics. According to an Anna University press ... More


    ADR, GDR funds for PSU share buys allowed
    AFTER opening up the external commercial borrowings (ECBs) route, the Government on Monday allowed Indian companies to utilise the proceeds of global depository receipts (GDRs) and American depository receipts (ADRs) for funding the acquisition ... More

    Nalco divestment: Strategic sale first, says Baijal
    "Combining all the three together is the best option. But it is more likely that the strategic sale of equity and public offer may happen first. The international equity offering (ADR) can happen subsequently," said the Disinvestment Secretary, Mr Pr adip Baijal. More

    Taj GVK hopes to win ITDC hotel at Chandigarh
    TAJ GVK Hotels & Resorts Ltd, the city-based hospitality joint venture between the Tatas and the GVK group, is set to acquire the five Star Hotel belonging to the India Tourism Development Corporation (ITDC) located in Chandigarh. A senior ... More

    `Privatisation of sugar mills thru transparent bids'
    THE privatisation process of nine cooperative sugar mills in the State will be through a transparent competitive bidding process and efforts have been made to ensure that the Government realises the true value for these units, the State ... More


    EPF board meet today to discuss rate cut
    THE Central Board of Trustees (CBT) of the Employees Provident Fund (EPF) organisation will be meeting here tomorrow to take a final view on Finance Ministry's persistent stance on effecting a 50 basis point cut in the interest rate credited to ... More

    Finance Ministry man to be EPFO trustee
    THE securities scam in the Seafarer's Provident Fund and the defaults on the bonds issued by IFCI seem to have prompted the Labour Ministry to take on board a representative from the Finance Ministry as a trustee in the Central Board of Trustees ... More


    Unilever seen gaining from FDI in tea
    THE Government decision to allow 100 per cent foreign direct investment (FDI) in tea plantations is unlikely to have any significant impact in the immediate future given that complex and labour intensive nature of tea cultivation that requires ... More


    Lockouts overtake strikes in West Bengal
    IN an indication of the changing face of labour movement in the Leftist-ruled West Bengal, lockouts have increasingly been accounting for a greater proportion of mandays lost. According to `Labour in West Bengal', an official publication of the ... More


    Global Business Plan contest
    KOLKATA: The Entrepreneurship Cell of the Indian Institute of Management, Calcutta (IIMC), organised the second Global Business Plan Competition. It was named i2I (ideas to Implementation). The first award went to a team of IIMC ... More


    AP: Export target fixed at Rs 1,500 cr
    THE package of incentives and concessions being offered by the Andhra Pradesh Government to export-oriented units (EOUs) has helped increase exports last fiscal. Ms K. Ratna Prabha, Development Commissioner of Vizag Export Processing Zone, told ... More
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  • Top Stories
    Govt petitions SC on sugar release system

    Lockouts overtake strikes in West Bengal

    Liquor cos in spirited battle against ban on surrogate ads

    Nalco divestment: Strategic sale first, says Baijal

    We plan to cover all aspects of `three I's, says Bajpai

    Gold dips on investor fatigue

    In Depth
    Gender Justice
    Simple Economics
    Guide to derivatives
    Looking back
    Jun. 30-Jul. 6
    Dumping: WTO panel rules in favour of SAIL

    'Master plan needed for rainwater harvesting'

    April-May exports record 10.46% growth at $7.4 b

    Kalam outlines 6-point agenda for nine pc GDP growth rate

    Big names in PF defaulters' list

    NTPC to tap global equity markets

    Jaswant to put more money into the consumer's pocket

    Documentation for perks is employer's job

    Cos allowed to use ECBs to buy PSUs on the block

    Software exports to US up 32 pc

    Business confidence picking up: FICCI

    Why can't banks get back to the basics?

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