Financial Daily from THE HINDU group of publications
Saturday, August 24, 2002
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INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES


Dilution of packaging order likely to hit jute sector hard
THE Calcutta High Court's recent order upholding the Union Government's decision to dilute the mandatory packaging order has dealt a major blow to the jute industry. According to initial estimates, approximately 35 per cent of the jute ... More

ENVIRONMENT


Chemtech installs system to treat dye-house waste
The twin-treatment system set up at a cost of Rs 1.30 crore also enables the promoters to recover the salts used for dye-fixation. More

FOREIGN TRADE


Trade with Sub-Saharan Africa crosses $4-b mark
India's share in global trade of Sub-Saharan Africa has been low due to various reasons such as distance, lack of direct shipping lines, language barriers, inadequacy of information about business and investment opportunities and modest progress made both in liberalisation and privatisation. More

INFRASTRUCTURE


Pooled financing structure — TN Govt, USAID pact to help urban local bodies
THE US Agency for International Development (USAID) and the Tamil Nadu Government have developed a pooled financing structure for small and medium urban local bodies in the State to execute water supply and sanitation projects. Thanks to the ... More

Karnataka plans Rs 580-cr package for infrastructure
BANGALORE: The Karnataka Government is expected to announce a Rs 580-crore special package for the development of infrastructure in Bangalore city, according to the Chief Minister, Mr S.M. Krishna. He was speaking at the launch of ... More

PETROLEUM


Petro-product sales show positive growth in July
GROWTH in the automobile sector seems to have triggered off positive sales for petrol and lubricants. While petrol sales have grown by 14.19 per cent in July 2002, that of lubricants have continued climbing to 26.9 per cent. "Name any ... More

POWER


PM asks govt offices to cut power use
THE Power Minister, Mr Suresh Prabhu, confirmed on Friday that he had put in his papers two days ago on a directive from his party chief, Mr Bal Thackeray. He, however, declined to say whether his resignation had been accepted. "I offered my ... More

TNEB plans to raise Rs 500 cr thru bonds
THE Tamil Nadu Electricity Board (TNEB) plans to raise Rs 500 crore this year through bonds to part-fund its capital expenditure programme. The electricity board is in the process of getting itself credit-rated by ICRA. The electricity board ... More

TEXTILES


Karnataka Govt to announce textile policy soon
Some of the policy measures include setting up of a comprehensive apparel park near Bangalore and a design and development centre in collaboration with NIFT. More

Textiles Ministry to release more quota in Group-II
THE Ministry of Textiles, will release an additional quantity of 10 million sq. m. in Group-II textiles for export to the US. Group-II textiles comprise man-made fabric, made-ups and yarn. According to a press release from the Cotton Textiles ... More

WATER MANAGEMENT


World Bank team tours Karnataka
BANGALORE: A six- member World Bank team is touring some districts of North Karnataka in connection with the Jal Nirmal project to be taken up with the Bank's assistance. The team has already visited parts of Haveri, Belgaum, Dharwad ... More

COAL


5 Coal India outfits hike prices — Hope to mop up Rs 600 cr more
FIVE subsidiaries of Coal India Ltd (CIL) have revised upward prices of all categories of coking, semi-coking and non-coking coal. The increase, on an average, is by Rs 22 a tonne with effect from the midnight of August 17. CIL expects to earn ... More

BREWERIES


`Distillers can stop making alcohol on guaranteed ethanol offtake'
DISTILLERS in Maharashtra have said that they would stop supplying alcohol to liquor companies if the Government picks up an assured quantity of ethanol. This follows a pilot project launched by the Government to use ethanol as fuel. Mr P.K. ... More

EDUCATION


Sri Vishnu plans to expand educational network
THE Sri Vishnu Educational Society has firmed up plans to expand its network of educational institutions in the State. On the anvil are a medical college and a couple of institutes, according to Mr K.V. Vishnu Raju, Managing Director of Anjani ... More

REAL ESTATE & CONSTRUCTION


Helmet protection
Two women workers at a construction site in Chennai sporting helmets — modified to protect as well as carry bricks.

More

READYMADE GARMENTS


Garment exporters decry hefty transaction cost
THE Confederation of Indian Apparel Exporters (CIAE) has charged the Apparel Export Promotion Council (AEPC) with turning a blind eye on export promotion activity and making transaction costs high for garment exporters. The council, under ... More

`It's a handicap race on the cost front'
INDIAN garment exporters are losing out to the Chinese on the cost aspect in their competition for shelf space in the super markets of the world. Mr Nariman F.Mogrelia, President, Apparels and Handloom Exporters Association (AHEA), said that ... More

BIO-TECH & GENETICS


AP Govt plans biotech centre at Eluru
The Minister for Horticulture and Sugars, Mr P. Naryanaswamy Naidu, said the Government was planning to provide renewed thrust to horticulture and biotech ventures and several initiatives to support these two sectors were under way. More

CINEMA


KSFC to set up panel to study film financing
One of the suggestions before KSFC was to evaluate the film script as a means to assess the potential to advance loans. More

SOCIAL WELFARE


  • Child labourers to be rehabilitated in Karnataka

    EVENTS


    Manufacturing tech show: Buyer-seller meet begins
    A BUYER-SELLER meet was inaugurated here on Friday at the National Manufacturing Technology Show 2002. The meet will bring buyers and sellers representing large manufacturers and SSIs to a single platform to interact and do business. The meet ... More

    Mixing business with peace
    Mr Richard Armitage, US Deputy Secretary of State, on his way to attend a meeting with CII members in the Capital on Friday.

    More

  • Hyderabad Engagements

    EXPORTS & IMPORTS


    Mahindra Industrial, TN in talks for EPZ
    THE Tamil Nadu Government is in discussions with Mahindra Industrial Park Ltd (MIPL) to set aside a part of its 1400-acre integrated industrial township for an export processing zone, according to an MIPL press release. The company plans to ... More

    ALTERNATIVE MEDICINES


    Global focus on benefit-sharing model
    A NOVEL Kerala model on benefit-sharing between a research institute and a tribal community with respect to commercially tapping the health restorative properties of a rare medicinal plant will receive international attention when it is showcased ... More

    Descendants of `God's physician'
    THE Kanis belong to one of the poorest tribes in southern Kerala. They believe they are the descendants of Agasthya, chief physician to the gods, and that his wisdom of healing has been passed down to them through ages. Initially, the Kanis ... More

    TOURISM


    New portal to promote AP tourism
    HYDERABAD: A new portal called `SevenWonders of Hyderabad.com' has been created by Ardent Citylink Services, who had earlier launched the Web site Hamarashehar.com. Developed by Mr Prasad Bodepudi, a NRI, the new portal is intended to ... More
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    Top Stories
    Petro-product sales show positive growth in July


    JCB to acquire Escorts stake in joint venture

    New relief measures for coffee growers

    Garment exporters decry hefty transaction cost

    Arbitrage making a comeback at bourses

    `India amidst BPO revolution'

    EU's sugar regime a spoilsport for ryots in poor countries

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Aug. 11-Aug. 17
    Naidu bullish on PPP model

    Students make a beeline for foreign professional courses

    `Gaping holes' in education Bill

    Job outlook to remain sombre, says FICCI survey

    Competition hotting up in washing machines market

    Machine tool industry upbeat on growth

    FDI at $2.51 b sets new record in H1

    Morgan Stanley cuts forecast to 4.7%

    Software exports from STPI units up 47 pc

    Car market shifting gear; end of the road for Maruti 800?

    CII revises up industrial growth estimate to 4.5%

    Prasar Bharati to restart programme outsourcing

    Endosulfan remains a riddle shrouded in controversy

    Felling of trees made an offence in AP

    GoM grapples with problem of PSU dues


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