Financial Daily from THE HINDU group of publications
Saturday, October 05, 2002
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INDUSTRY & ECONOMY

CEMENT


Cement units want Rlys to review freight rates
THE domestic cement industry has urged the Government to take a "re-look" at the existing freight structure adopted by the Railways for transportation of cement across the country. The share of cement transportation undertaken through the ... More

COURTS/LEGAL ISSUES


Spare the parts `n' spoil the `split'
IF your split AC is spewing out hot air, it could be because of a recent change in Excise law. Notification No 50 /2002 dated Sep 25, 2002 has redefined "parts of air-conditioning machines" to exclude therefrom "condensing units and cooling units ... More

ECONOMY


Plan panel to take up draft document today — Jobs, asset creation for the weak on cards
The meeting will emphasise second generation economic reforms and the sectoral targets of the Tenth Plan to ensure accretion to job opportunities and income-generating assets to vulnerable sections of population, sources said. More

ENVIRONMENT


India should go directly to Euro-IV norms: TERI
COMMENTING on the Mashelkar Committee report on the National Auto Fuel Policy, which recommends enforcing Euro-III emission norms by 2005 and Euro-IV norms by 2010 to reduce vehicular pollution, Tata Energy Research Institute (TERI) has advocated ... More

FOREIGN TRADE


Dubai Jebel Ali trade zone lures Indian cos
INDIAN companies, engaged in both manufacturing and trading, have been invited to set up shop at Jebel Ali Free Trade Zone Authority (JAFZA) in the United Arab Emirates to "do business with freedom''. Making a presentation on the emerging ... More

HEALTH


Affordable insurance cover against cancer
CANCER insurance for Rs 5,000... Hard to believe, yet true. The Cancer Patients Aid Association, a Mumbai-based NGO, provides a policy that is easy on the pocket and an important source of succour for those afflicted by this painful disease. ... More

KSSP opposes iodised salt promotion drive
KERALA Sastra Sahitya Parishad (KSSP), which deservingly considers itself as the salt of the earth having been famously associated with many a progressive movement in Kerala, seems to have taken the Indian Medical Association (IMA) drive to ... More

PETROLEUM


BPCL-IOC liquid jetty opened at JN port
ONE of the first third party cargoes to be handled by the BPCL-IOC liquid jetty at the Jawaharlal Nehru Port Trust (JNPT), which was formally inaugurated by Mr Ram Naik, Union Petroleum Minister, on Friday, will be that of Reliance. According ... More

POWER


Unannounced power cuts trip Coimbatore industry
THE frequent, unannounced power cuts in Coimbatore region is having a crippling impact on the operations of the industries with an estimated 25 per cent to 40 per cent loss in production. The power cut, effected in different stretches totalling ... More

TEXTILES


CII study on textile trade with Europe
THE Confederation of Indian Industry (CII) has prepared a joint study with the European industry to promote bilateral trade and investment in the textile sector. In a statement, the chamber has said that the study, which identifies issues and ... More

SSI


TN SSIs move High Court for bank loan waiver
SMALL-scale units in Tamil Nadu have in a writ petition sought a direction from the Madras High Court to waive their dues to banks "as has been done by them for big industrialists". Citing the Reserve Bank of India's circular dated July 17, ... More

COAL


Land buying, rehab woes dog CIL's new projects
THE management of Central Coalfields Ltd (CCL), a sick subsidiary of Coal India Ltd (CIL), fears that the company's new coal mining projects may suffer a major setback following certain problems related to land acquisition, rehabilitation of ... More

RADIO/TV


CNBC takes content to radio; to air on Mumbai FMs
CNBC India, in which Television Eighteen India Ltd has a 49 per cent stake, is looking at the possibility of airing some of its programmes on Mumbai's FM Radio stations. "We would prefer to air our programmes on the most popular FM station," ... More

KNITWEAR & HOSIERY


Treviso cluster looking at Tirupur investments
ITALY'S Treviso textile cluster is looking at investing in the Tirupur knitwear sector, a move that will enable it to beat the high cost of production at home. If the business-to-business co-operation that the Italian cluster is seeking with ... More

DISINVESTMENT


Naik plays down divestment stance
THE Union Petroleum Minister, Mr Ram Naik, today insisted that he is not opposed to disinvestment, but that the issue pertains to the mode of disinvestment. "The Government should decide whether sales will be through strategic sale or through ... More

Balmer Lawrie staff may seek fresh valuation
THE employees of Balmer Lawrie and Co Ltd have expressed strong reservations against the present disinvestment process initiated by the Union Government and also the companies which have expressed their interest to buy it. As an alternative ... More

WTO


Mazdoor, kisan bodies oppose WTO regime
A CONSORTIUM of organisations supporting the Swadeshi concept has criticised the Centre's policy of allowing multinationals into virtually every sector and being indifferent to the woes of the agriculture and small-scale sectors under the World ... More

RURAL DEVELOPMENT


Panchayats likely to get financial powers
THE Prime Minister, Mr Atal Bihari Vajpayee, has indicated the possibility of an amendment to the Panchayati Raj Act for giving financial powers to the panchayats in the next session of Parliament. Speaking at the national conference of ... More

HUMAN RESOURCES


Odepec seeks to tap overseas job market
Odepec plans to enter the domestic market to supply the requirement of qualified personnel of resident companies and organisations. It has also chalked out plans to hold awareness camps in the State to warn the public against ulterior motives of unsc rupulous recruiting agencies. More

LABOUR REFORMS


Karnataka plans 100 more ITIs
THERE is a proposal to have 100 more industrial training institutes soon in Karnataka to cater to the needs of the industry. Announcing this, the Union Labour Minister, Mr Sahib Singh Verma, reiterated the need to develop skilled labour ... More

EVENTS


Heimtextil India 2002 expo
Scene at the Heimtextil India 2002 exhibition which opened in the Capital on Friday.

More

Indus Expo to focus on SMEs
INDUS Expo-2002, a focussed exhibition for the small and medium scale industries would be held in Hyderabad during December 6-8. A range of products and technologies developed by Indian companies are to be displayed. The exhibition to be ... More

Handloom expo from Monday
THE National Handloom Expo-2002 is scheduled to be held here from October 7 to October 20 jointly by the Central and State Governments with 14 States taking part in it, according to Mr B.P. Acharya, Secretary of the Industries and Commerce ... More

  • Hyderabad Engagements

    EXPORTS & IMPORTS


    No change in tariff rate quota for oils, maize
    THE Government on Friday came out with an unchanged tariff rate quota (TRQ) for importing crude sunflower seed or safflower oil, refined rape, colze or mustard oil, maize and milk powder. In a public notice, it has given time till October 17 ... More

    NATURAL CALAMITIES


    2002 termed all-India drought year
    THE India Meteorological Department (IMD) has officially acknowledged that the current year has been "the first-ever all-India drought year'' since 1987, while noting that the behaviour of the 2002 monsoon was "intriguing". In its ... More

    TOURISM


    Renovation of fort walls begins
    THE Minister for Water Resources and Culture, Mr T.M. Jacob, has launched conservation work on the stretch of fort walls surrounding the Sree Padmanabhaswami Temple and other antiquated structures in the East Fort area of the State Capital. The ... More

    Travel mart registers high participation
    KERALA Travel Mart has received overwhelming response with 856 buyers participating, of whom 324 are domestic and 532 foreign buyers, according to Prof K.V. Thomas, Minister of Tourism. ``Kerala tourism is the driving example for Indian tourism ... More

    ECONOMIC OFFENCES


    Gujarat has little time to tackle co-op bank scam
    THE co-operative banking sector in Gujarat continues to be in a shambles despite over half a dozen UCBs falling like nine pins in the last couple of weeks. The State Government, which has gone on an overdrive on the election front, despite no ... More
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    Top Stories
    TCS continues recruitment drive — Rs 100-cr development centre to be ready next year


    LIC says no to takeover of term loans by banks

    Squeezed soya oil importers plan re-export

    Affordable insurance cover against cancer

    2002 termed all-India drought year

    Plan panel to take up draft document today — Jobs, asset creation for the weak on cards

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Sep. 22-Sep. 28
    NCAER concern over cost of high forex reserves

    Govt to hive off maritime institute before SCI sale

    `Infrastructure: In China, the government is venture capitalist' — Mr B. Sridhar, Director, Bengal Tiger Line

    Higher offtake raises Q1 exports 10 pc

    Impact of Asian brown haze `exaggerated'

    `Software exports to US growing at 25 pc'

    Creating `bullet-proof' managers for corporate world

    The Garden City is stressed out

    IISc ties up to launch Web library

    Post-IPR, drug prices set to rise: Report

    NCAER scales down growth rate to 4.8%

    Rise in newsprint price likely from October

    Ascon study upbeat on service sector

    `Security' curbs likely on FDI from neighbouring nations

    State Govts not for using small savings to retire high-cost debt


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