Financial Daily from THE HINDU group of publications
Friday, October 18, 2002
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ECONOMY


Fiscal reform: Centre, States may not bite the bullet now
THE promise of major reforms being flagged off jointly by both the Centre and States to restructure their finances appears set to be belied as the players involved are now baulking at taking hard decisions. The meeting of the State Chief ... More

Govt must ensure stable currencies: Mahathir
DEVELOPING countries need to find ways to maintain currency stability rather than allowing themselves to be "freely tossed around" by currency traders who are always in search of profits, according to the visiting Malaysian Prime Minister, Dr ... More

Only a few takers for debt swap
THE much-publicised debt swap scheme for States — which entails retiring high cost loans of around Rs 90,000 crore in a span of three years — may have only a few takers in the current fiscal, despite the sweeteners being offered by ... More

D&B's optimism index on India improves QoQ
DUN & Bradstreet today said that its Business Optimism Index for India for the period October-December (Q4) 2002 has shown improvement over the previous quarter - the Composite Business Optimism Index stands at 103.3 compared to 102.4 in the ... More

FOREIGN TRADE


PM calls for closer ties with Asean
"Each of our countries has achieved expertise and dominance in certain areas of technology. It is crucial that we cooperate by complementing our respective strengths," Mr Vajpayee said. More

`Facilitation current mantra for DGFT'
THE officers of the Directorate-General of Foreign Trade (DGFT) have been told to facilitate exports by troubleshooting for the exporting community, according to the new Director-General, Mr L. Mansingh. In a wide-ranging interview to ... More

INFRASTRUCTURE


Kerala PWD to showcase projects worth Rs 6,000 crore
THE State Public Works Department has rustled up project proposals estimated to require Rs 6,000 crore in private investments for being showcased at the forthcoming Global Investors' Meet (GIM) in Kochi. Announcing this, the Public Works ... More

PETROLEUM


Fourth round of bids for oil, gas blocks in March
THE Government plans to invite bids for over two dozen oil and gas blocks under the fourth round of the New Exploration Licensing Policy (NELP) in March next year, the Petroleum Minister, Mr Ram Naik, has said. "We have awarded 47 oil and gas ... More

POWER


Centre gets tough with States on power reforms — Funds, investments tied to APDRP compliance
The States which achieve 90 per cent and above for compliance with the APDRP targets would be categorised in the " very good ", while States falling below 50 per cent would be treated as under-performing regions, he added. More

TNEB to focus on transmission — Tap Centre, pvt sector units for growing demand
Improving the transmission and distribution network, to reduce the line losses, requires an investment of about Rs 1,000 crore a year. More

`Congress adopts double standards on free power'
The Andhra Pradesh Minister for Information and Public Relations, Mr S. Chandra Mohan Reddy, said the decision of the Punjab Cabinet to scrap the free power policy has vindicated the stand of the State Government that free power was not feasible. More

TEA


Kerala: Power rate hike to hit tea firms
THE hike in electricity charges introduced by the Government is likely to cause havoc in the already sagging tea industry in the State. Most of the tea factories in Peerimedu, the major planting area in the State, have closed and a few which ... More

SSI


Third census of SSI sector under way in AP
HOW are industrial units in the tiny and small sectors doing? Are the numbers growing? Is sickness on the rise as perceived by an increasing number of people? These are some of the questions to which answers would soon be available as far as the ... More

EDUCATION


Keltron, GT&TC pact for courses
THIRUVANANTHAPURAM: Keltron and the Bangalore-based Government Tool Room and Training Centre (GT&TC), a Government of Karnataka undertaking, have entered into an agreement to offer professional courses for graduate and diploma engineers at ... More

INDUSTRY ASSOCIATIONS


Power crisis leading to industrial sickness in Karnataka: GMCI
THE shortfall in power supply in Karnataka is almost 80 per cent, which has resulted in the closure of 29 steel mills and 50 per cent of the small-scale enterprises. Making a presentation on the grim power scenario in the State at the power ... More

KNITWEAR & HOSIERY


Data sought on Tirupur knitwear industry
DATA collection on the existing investment and technology levels in the knitwear cluster of Tirupur has been sought by the office of the Textile Commissioner (TC). The regional TC's office at Coimbatore, which has set in motion a survey on the ... More

CINEMA


KSFDC plans two projects for GIM
KERALA State Film Development Corporation (KSFDC) has zeroed in on two major investment proposals for being showcased at the forthcoming Global Investors' Meet (GIM) in Kochi. Speaking to newspersons, Mr P.V. Gangadharan, Chairman, KSFDC, said ... More

DISINVESTMENT


Centaur resale puts Ministry in a spot
AN embarrassed Disinvestment Ministry has sought details from Mr A.L. Batra, owner of Batra Hospitality Pvt Ltd, on the sale of Mumbai Centaur Hotel Airport to the Sahara India group. Mr Batra last week sold the five-star Centaur Hotel Airport ... More

Sell-off: Naik seems to echo PM views
THE Petroleum Minister, Mr Ram Naik, who is viewed as a stumbling block to the sell-off of HPCL and BPCL, on Thursday echoed the views of the Prime Minister, Mr Vajpayee, who had said a decision would be taken within three months. Mr Naik's ... More

Gujarat Samachar, JK co bid for NEPA stake
THE privatisation of newsprint-maker NEPA Ltd brightened on Thursday, with the Gujarat Samachar Group and a JK Group company submitting price bids for acquiring a controlling stake of 72 per cent in the company. The Government currently ... More

FOREIGN DIRECT INVESTMENT


`India image as FDI destination improving'
THE perception about India as a destination of international investment is fast improving, according to experts speaking in the ASEAN Business Summit session on Trade, Investments, Finance and Tourism. This is supported by recent developments ... More

RURAL DEVELOPMENT


Malaysian dignitary meets self-help groups in AP — `DWCRA experiment worthy of emulation'
THE phenomenal success of DWCRA (Development of Women and Children in Rural Areas) experiment in Andhra Pradesh is worthy of emulation by countries in the developing world and Malaysia would take the finer aspects of it in empowering rural women ... More

LABOUR REFORMS


`Labour reforms Bill in Budget session'
COMPREHENSIVE labour reforms are inevitable, and the Union Government aims to introduce in Parliament a Bill on labour reforms in the 2003 Budget session, according to Mr Sahib Singh Verma, Union Labour Minister. Addressing a seminar on the ... More

EVENTS


  • Hyderabad Engagements

    ALTERNATIVE MEDICINES


    `Ayurveda must be promoted as complete system'
    AYURVEDA can be promoted as a complete alternative system of medicine in the world as it is the only one which is well documented and codified and has the potential for further development, according to Dr K. Anil Kumar, President, Ayurveda ... More

    TOURISM


    Budget process will no longer be a mystery
    THE Budget-making process is set to become more transparent with the Finance Ministry planning to make public all the key recommendations of the Task Force on Direct and Indirect Taxes headed by Dr Vijay Kelkar, Advisor to the Finance ... More
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    Top Stories
    Centre gets tough with States on power reforms — Funds, investments tied to APDRP compliance


    HLL gets Up Close with lemon mint flavour

    Crisil develops methodology to rate film, TV producers

    PM calls for closer ties with Asean

    BSNL launches `CallMe' in South

    HDFC Chubb goes on stream

    `Facilitation current mantra for DGFT'

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Oct. 6-Oct. 12
    Diamond certification launch soon

    TV content providers looking South

    `Customs procedures to be simplified soon'

    `TNEB move will correct distortions, check misuse' — Farmers want a say in new power tariffs

    Scottish co offers tech for bio-degradable carry bags — Negotiations on with Kolkata co

    Floating a co? Get all your cards ready

    From pressure garments to artificial limbs

    GoM moots phased decontrol of urea supply

    Stock scam probe — Former MD of SHCIL, IndusInd Bank V-P held

    Ministry proposes rivers interlink

    Homing in on luxurious living

    Manufacturing lifts industrial output to 5.7 pc in August


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