Financial Daily from THE HINDU group of publications
Saturday, September 07, 2002
Markets (Sept. 6)
BL 2501083.23 (-13.43)
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Dollar (Buy/Sell)48.53/48.66
Gold Std (10 gm)5240 (+40)

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Awards for energy management
THE Energy Management Centre has invited applications for five energy conservation awards constituted by the Kerala Government for 2001-2002. The first category award is for large-scale enterprises, including hotels, hospitals and public ... More


`E-courts' in metros from next year
THE ongoing pilot project of computerisation and networking of city courts in the four major metros, Delhi, Chennai, Kolkata and Mumbai, will have the facility for filing of complaints to courts through e-mail by payment of court fees and stamp ... More

Authority to maintain funds for quake relief
IN reaction to the earthquakes that hit Gujarat in 2001, a new sub-section 5C was introduced in Sec 80 G of the Income-tax Act with effect from February 3, 2001, to encompass organisations engaged in relief work. The Finance Bill, 2002 had ... More


India must open up to attain trade integration, says IMF
If India had opened up like China since the late 70s, its exports would have gone up to $200 billion instead of the current $45 billion, the IMF report has said. More


Up to $50,000 allowed for medical treatment abroad
THE Reserve Bank of India has decided to allow authorised dealers to release foreign exchange of up to $50,000 to Indian residents for medical treatment outside India, on the basis of a declaration of requirement given by the ... More

Population control initiatives launched
POPULATION Health Services (India), supported by the Marie Stopes International (MSI),has come up with two initiatives for Andhra Pradesh. It has set up a reproductive health care centre called Jyothi and will market the condom `Thril'. ... More


Chennai restaurant guide launched
CHENNAI: The Chennai branch of Tata Infomedia Ltd has launched the first edition of Khana Pina — the city's restaurant guide. According to a press release, the guide has information on restaurants across Chennai and contains 500 ... More


Krishna project bids opened
HYDERABAD: L&T, IVRCL, Essar, Nagarjuna Construction Company and Petron are in the fray for Krishna water pipeline project to bring drinking water to the twin cities, bids for which were opened on Friday. The tenders for the 116-km ... More


Crude imports unlikely to be hit
THE US military strikes in Iraq are unlikely to affect India's crude imports from the Persian Gulf in the short term as the oil refining companies have been loading crude tankers with extra oil as per the directions from the Government in the ... More


Karnataka Govt gets more time on Nagarjuna power project
THE Karnataka High Court has permitted the State Government a two-month extension for clearing the 1,000 MW thermal power project promoted by the Nagarjuna Group. The extension was given after the Karnataka Government made a plea for the same ... More

CEA nod for Sipat Stage II
THE Central Electricity Authority (CEA) has accorded techno-economic clearance to the 660-MW Sipat super thermal power station (Stage II) being set up in Chhattisgarh by National Thermal Power Corporation (NTPC) at an estimated current cost of Rs ... More


Task force on easy direct tax norms formed
THE Finance Ministry has constituted a eleven-member task force on rationalisation and simplification of direct taxes, chaired by Dr Vijay Kelkar, Advisor to the Finance Minister. Dr Ashok Lahiri, who will shortly take charge as Chief Economic ... More


Mills get time to make up hank yarn shortfall
TEXTILE mills, which expressed difficulty in fulfilling the statutory hank yarn obligation, have been given relief by the office of the Textile Commissioner, which has allowed a short deferment of time to the mills for fulfilling the shortfall in ... More


  • MoU signed for training programme


    Truck, bus tyre production up in June
    TRUCK and bus tyre production in the country surged in June 2002 to touch a level of 7.98 lakh units. This represented a 4.86-per cent increase from 7.61 lakh units recorded in May 2002. The domestic tyre industry had recorded a production of ... More


    Jewellery expo in Bangalore
    THE fourth Jewels of India expo will be held in Bangalore from September 13 to 17. Considered the largest domestic jewellery show, the exhibition will showcase a range of craft by 70 jewellers such as Kundan and Meenakari from Jaipur, ... More


    Southern comfort for leather garment exports
    From April to August garment exports have dipped between 20 and 25 per cent from the corresponding period of the previous year. However, the drop from the Southern States has been 10 per cent. More


    Hyundai unveils loan scheme for NRIs
    HYUNDAI Motor India Ltd has tied up with HSBC and Citibank for an innovative financing plan for its car, Santro, targeted exclusively at NRIs. This new scheme, launched exclusively for the Kerala market, offers tremendous interest advantages to ... More


    Venkaiah Naidu denies rift in NDA over divestment
    THERE is no difference of opinion among the constituents of the National Democratic Alliance (NDA) on disinvestment, Mr Venkaiah Naidu, BJP President, said. Participating in a `meet the press' programme here on Friday, he said that the NDA did ... More

    19 applications for AP sugar co-ops sell-off
    The Implementation Secretariat is in the process of arranging a pre-bid conference on September 9 at Hyderabad prior to the last date of submission of bids fixed on September 11. More


    Panel for 100% FDI in petroleum, banking
    THE Steering Committee on Foreign Direct Investment (FDI) headed by Mr N.K. Singh has recommended increasing the FDI in the petroleum sector, including refining, marketing and exploration along with banking and financial services to 100 per cent. ... More

    Kerala delegation signs MoU for Chinese FDI
    THE Kerala delegation currently visiting China has signed a memorandum of understanding with International Network-Small Hydro Power (IN-SHP) for the manufacture of equipment relating to small hydel plants in the State. The MoU envisages a ... More


  • Karnataka Industries Dept not for new regional offices


    Plastindia 2003 draws 502 bookings
    PLASTINDIA Foundation, Mumbai is organising Plastindia 2003 - the fifth international plastic exhibition and conference from February 15 to 20, 2003 at Pragati Maidan, New Delhi. Around 1,475 exhibitors from all over the world are expected ... More

    Light India International 2002
    People visiting the Light India International 2002 Exhibition in the Capital on Friday.


    Seminar on HRD trends
    SISTER Nivedita College of Professional Studies, the Hyderabad-based premier institution offering post-graduate courses in business management, is organising a seminar on `Emerging trends in human resource development' here on September 9. In a ... More


    42 pc increase in domestic tourist travel
    THERE has been a jump of 42 per cent in domestic tourist movement within the country in the recent past, according to the Minister for Tourism, Mr Jagmohan. "There has been a good turnover of domestic tourists in the last couple of months and ... More


    Corruption leads to poverty, says watchdog official
    The Table reveals that the less corrupt a country, the better its score on the human development indicators. This goes only to substantiate the fact that corruption leads to poverty and not the other way around. More
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