Financial Daily from THE HINDU group of publications
Friday, September 13, 2002
Markets (Sept. 12)
BL 2501068.61 (+3.32)
BSE Sensex3131.34 (+5.68)
S&P CNX Nifty1001.65 (+2.80)
Dollar (Buy/Sell)48.41/48.54
Gold Std (10 gm)5230 (+10)

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Housing loans to individuals less risky
THE RBI has communicated to term-lending and refinancing institutions, under the capital adequacy norms, the risk weight for housing loans and mortgage-backed securities. Under the extant capital adequacy norms, the loans granted by the FIs ... More


Industrial growth 6.4 pc in July — CSO data point to revival trend
INDIAN industry registered an impressive 6.4 per cent growth during July, fuelling hopes of a revival in manufacturing activity. According to the Central Statistical Organisation (CSO), the 6.4 per cent year-on-year rise recorded in the ... More

Bid to improve efficiency — Industries dept to cut costs through rationalisation
THE Department of Industries and Commerce (DIC) hopes to effect considerable reduction in administrative expenditure by adopting rationalisation of Plan schemes it had been operating to promote industrial development in the State. The ... More

Rs 2.5-cr project planned to empower women
The objectives of the project include empowering women in the socio legal justice system by giving free legal aid. More


Bengal looking for funds to build `Green Corridor' road
THE West Bengal Government is now in the process of identifying the fund sources for the ambitious 170-km-long `Green Corridor' road project linking Kalyani (North 24 Parganas) to Namkhana in South 24 Parganas, which will include construction of ... More


Plan panel stress on manganese ore exploration
RENEWED emphasis on exploration for manganese ore has been suggested by the committee set up by the Planning Commission's Working Group on ferro alloys. With virtually no priority in budgetary allocations, exploration for manganese ore had taken ... More


`Phasing out CST is prerequisite for VAT'
THE abolition of Central sales tax is a prerequisite for putting in place an effective destination-based value- added tax, according to Dr Govinda Rao, Chairman of the erstwhile Service Tax Committee. Dr Rao has now been appointed by the ... More


  • Plan to construct vented dams


    KCCI's plea on food labelling
    THE Kanara Chamber of Commerce and Industry (KCCI) has asked the Union Health Ministry to hold in abeyance its amendment to the Prevention of Food Adulteration Rules (1955) making it mandatory to indicate the `nature of food' on the package ... More


    COAI finds `unlimited' competition call jarring
    COAI has noted that the introduction of additional operators in the cellular mobile services sector must be in full consonance with the provisions of the New Telecom Policy '99. More

  • Electronics body office-bearers


    PSLV puts Metsat in orbit
    THE PSLV-C4 rocket, carrying the 1,060 kg meterological satellite (Metsat), today successfully put the satellite into a geosynchronous transfer orbit (GTO). At 3.53 pm on this hot, sunny afternoon at the Sriharikota launch station, the ... More

    INSAT: More room for more profits
    INDIA has mastered the science of sending satellites onto a polar orbit, using Polar Satellite Launch Vehicles (PSLV). In other words, India has demonstrated its "PSLV capability". However, today's launch was different in one significant way. ... More


    `Lack of IPR awareness hampering industry'
    THE State Government has been striving to promote Hyderabad as a global knowledge hub and the foundation for this has been through the setting of hi-tech institutes such as IIIT, Indian School of Business, Knowledge Park, Biotech Park and others, ... More


    Productivity-linked reward scheme — Port, dock workers to press for flat 20 pc payment
    The existing productivity-linked rewards scheme gives a flat rate of 20 per cent to the workers at all the major ports irrespective of profits and productivity, subject to a salary cap of Rs 2,500 per month per employee. More


    Jalan hopes for early decision on FII cap — Sees little impact from crude price spurt
    THE Governor of the Reserve Bank of India, Dr Bimal Jalan, today said he hoped the Government would soon decide on the level of foreign institutional investment (FII) in the banking sector. Speaking on the sidelines of a seminar `Indian ... More

    `Growth in IT sector holds prospects for more jobs'
    THE IT Enabled Services (ITES) alone is likely to create new employment opportunities for around 12 lakh qualified youth in the country, and the Nasscom-McKinsey projection for 2010 has put the total IT revenues of India at over $ 70 billion, of ... More

    Focus on winning for nation, says Pitroda
    MR Sam Pitroda, CEO, World-Tel, US, today advised captains of Indian industry to desist from focussing on winning for themselves and, instead, concentrate on winning for their "organisations, employees, shareholders, customers and for the ... More


    Boat show to be held in Kochi
    A NATIONAL exposition on boats and water sports and safety accessories related to tourism and fisheries sectors will be held in Kochi from October 5 to 7. The boat show, touted as the first ever such event in the country, is being organised by ... More


    Special legal cell to help investigate scams soon
    THE Andhra Pradesh Chief Minister, Mr. N. Chandrababu Naidu, has said a special legal cell will be created to provide advice and assistance to the investigating officers going into `scams' from time to time. The Chief Minister directed that ... More
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  • Top Stories
    Tata Teleservices to enter TN market on CDMA platform

    Indian Hotels acquires Regent Hotel — Makes North Mumbai entry with Rs 452-cr deal

    RBI directs Global Trust to change auditors

    Cotton shippers blacklist `defaulter' textile mills — Stop exports to TN spinners seeking dues

    Calling New York cheaper than dialling Delhi?

    Industrial growth 6.4 pc in July — CSO data point to revival trend

    Productivity-linked reward scheme — Port, dock workers to press for flat 20 pc payment

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Sep. 1-Sep. 7
    Monsoon `catches up' in August — But deficit likely to remain

    Fiscal sops for water schemes

    English channels on revamp mode

    Women in India: A status report

    NTPC to float arm for power trading — Maiden deal with Kayamkulam

    SDG unveils software to detect money laundering

    25 is `right age' to plan for retirement

    EU ban on chloramphenicol residue — Exporters up the ante on seafood standards

    Traditional goods drive exports up 21%

    Jaswant, Labour Minister to meet on EPF rate cut

    Realtors seek clear norms to lure FDI

    Weaving a magic with Paithanis

    Cabinet okay to shut HFC, FCI units

    Nano-tech all set to pervade the world

    `E-courts' in metros from next year

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