Financial Daily from THE HINDU group of publications
Tuesday, October 22, 2002
Markets (Oct. 21)
BL 2501041.50 (-3.18)
BSE Sensex2998.01 (-11.75)
S&P CNX Nifty967.35 (-4.40)
Dollar (Buy/Sell)48.31/48.44
Gold Std (10 gm)5170 (+20)

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SAE sees big role in India with chapter
THE Society of Automotive Engineers (SAE), headquartered in the US, has announced the launch of its Indian chapter — SAE India. It will be an autonomous body affiliated to SAE International. In line with SAE International, the Indian ... More


Cement, steel drive core sector growth in H1
THE impact of fiscal policy and enhanced budgetary spending on infrastructure, especially road projects, is finally beginning to be felt. Production of cement and steel has gone up by 9.8 per cent and 9.3 per cent, respectively in the first-half ... More

TN Govt releases one instalment of DA
THE Tamil Nadu Government has announced the sanction of one additional instalment of dearness allowance at four per cent to Government employees with effect from October 1. Of this, three per cent will be given in cash and one per cent will be ... More


IBRD, IDFC team up to fund clean energy projects
THE World Bank has entered into an agreement with Infrastructure Development Finance Company (IDFC) for funding clean energy projects. The agreement earmarking $10 million in World Bank managed carbon finance is likely to leverage $80-100 million ... More

Will green concerns seal Kudremukh mines? SC panel for 5-year lease extension
KUDREMUKH Iron Ore Company Ltd (KIOCL) is facing the risk of premature closure in July 2004 following the public interest litigations initiated by environment protection groups and non-Governmental organisations (NGOs). This is because the ... More

Bumper N-E monsoon on cards
A STUDY done by US scientists on the global impact of El Nino on rainfall has shown that in an El Nino year, rainfall deficiencies can be expected over Central and northwest India during the southwest monsoon season and rainfall excesses in the ... More

Model eco park being set up near Peenya
THE Karnataka State Pollution Control Board (KSPCB) plans to set up an eco park near Peenya industrial area in the suburbs of Bangalore. The Karnataka Industrial Area Development Board had allotted 6.04 acre to the board, of which 0.75 acre ... More

TN: Site finalised to treat hazardous wastes
THE efforts by Confederation of Indian Industry — Southern Region (CII-SR) to catalyse a link between the industry and the Tamil Nadu Pollution Control Board (TNPCB) has resulted in selection of a site for a hazardous waste treatment and ... More

Climate change meet papers over grassroot issues
CLIMATE change, it seems, is the flavour of the month. Even as the Capital experiences the first chills of winter - the climate most certainly is conducive for three hi-decibel meetings on climate change and its impact on the common man. But ... More


Centre to fine-tune urea pricing policy soon — To focus more on bio-fertilisers
THE Centre would shortly fine-tune the pricing policy for urea, aimed at "greater transparency and uniformity in subsidy disbursement to the urea units." Mr Tapan Sikdar, Union Minister of State for Chemicals and Fertilisers, told this to ... More


CII plans forum to strengthen link with Singapore
TAKING a leaf out of their counterparts in Singapore, the Confederation of Indian Industry (CII) is set to launch a new forum `Bridge Singapore' to enhance the level of awareness of Singapore in India. "The new forum will be on the lines of ... More

CII team upbeat on closer trade ties with Sweden
THE first-ever high-level business delegation of the Confederation of Indian Industry (CII) to Sweden which has just returned is "very optimistic" about Sweden becoming a major technology and investment partner for India. In a statement, the ... More


Ayurveda takes on allopathy in AIDS fight
IT may not be long before a certain green-eyed Bollywood diva or the man who almost won India an Oscar Award this year are roped in to spread awareness on AIDS in the country. But this and much more are on the anvil in the anti-AIDS segment, with ... More

Escorts Heart centre at Jodhpur
NEW DELHI: Escorts Heart Institute & Research Centre (EHIRC) has launched a heart centre at Jodhpur's Goyal Hospital and Research Centre. A super-speciality cardiac centre, it will provide specialised cardiac care in the form of ... More


Kerala: Hudco willing to invest in State projects
THE Union Minister for State for Urban Development, Mr O. Rajagopal, has said that Housing and Urban Development Corporation (Hudco) is willing to extend financial assistance to a number of infrastructure projects in the State, including the ... More


Losses at distribution end — SEBs asked to outsource metering, billing activities
IN a bid to restrict any increase in power tariffs post-privatisation of distribution circles, the Union Ministry of Power has begun persuading power utilities across the country to begin outsourcing activities such as metering, billing and ... More


Collections much below target — AP Minister pulls up revenue officials
THE Andhra Pradesh Minister for Commercial Taxes, Mr K. Vijayarama Rao, on Monday pulled up officials of his department for poor performance in the five divisions of Hyderabad area in revenue collection in the first half of the current ... More

No place for Central sales tax in VAT regime: CII
THE Confederation of Indian Industry (CII) is convinced that there is no place for non-VATable Central Sales Tax (CST) in a Value-Added Tax (VAT) regime that should ideally be based on the destination principle. In a note on `Implementation of ... More


It's bonus talk time at Kovai mills
WITH hardly two weeks to go for Deepavali, the bonus talks in the Coimbatore-based textile industry are yet to gather momentum, with textile workers trade unions reporting only sporadic bilateral talks on the issue with the individual ... More


TN to resume 100-ml packs, sans subsidy
LIQUOR companies are poised to offer 100 ml packs in Tamil Nadu again, with the State Government finalising a new order allowing sales subject to normal taxation. The resurrected packs would cost Rs 28 upwards instead of the earlier subsidised ... More


  • New DD Joint Director


    It's placement time at IIM-B
    COME October and it is summer placement time at the Indian Institutes of Management. In the initial round, at IIM, Bangalore, this year, the batch of 2004 students are taking their pick from companies such as ICICI, National Kidney Foundation - ... More


    Approval for FDI — Speciality mags may need to stay separate
    FOR domestic media companies, raising capital from foreign investors could well mean taking a difficult decision. That of cutting their umbilical cord. The Government is now considering a proposal to insert a clause wherein domestic companies ... More


  • 50 pc subsidy for rabi seeds


    Bankrolling SCI sell-off to be tough
    INVESTORS wishing to acquire a strategic stake in the Government-owned Shipping Corporation of India (SCI) better have deep pockets or at least have a domestic financial institution to back them. This is because foreign lenders find the terms ... More

    KSTDC to privatise 4 hotels
    BANGALORE: Karnataka State Tourism Development Corporation (KSTDC) has decided to hand over four of its hotels for private management for 25-30 years. These include Hotel Mayura Bahamani in Gulbarga, Mayura Bidar, Mayura Netravati in ... More


    Indo-American chamber action plan to raise FDI
    The IACC President said suggestions to raise FDI flow had been crystallised after discussions with a cross-section of people, including businessmen from India and the US, senior Government officials and experts. More


    Bank lending to self-help groups on the rise
    MICRO-financing is gaining in importance in banks' lending programmes. Financing through self-help groups (SHGs) received an impetus last year with banks more than doubling loan disbursements through such groups. As on March 31, 2002, banks ... More


    Exports to Asia, Oceania up 24% in April-July
    THE halting pace of economic recovery in rich countries poses no cause for despondency as the country's dependence on rich markets appears to be shifting to Asia and Oceania and Africa, if the 15 per cent export growth during the first four ... More


    Fake stamps
    Fake stamps worth Rs 170 crore, seized by Karnataka special officers, were displayed in Bangalore on Monday. The raid was conducted in Hyderabad, Chennai, Tiruchi, Madurai and Coimbatore. ... More
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    Top Stories
    Bumper N-E monsoon on cards

    Cement, steel drive core sector growth in H1

    Banks likely to be freed of statutory requirements — Collateralised borrowing and lending obligation

    PC sales on recovery path: MAIT

    Whither flows the vegoil industry?

    Exports to Asia, Oceania up 24% in April-July

    Conversion confusion

    In Depth
    Gender Justice
    Simple Economics
    Small Investor
    Looking back
    Oct. 13-Oct. 19
    G-Secs listing on SEs may be announced in Credit Policy

    DTPA suggestion to task force on direct taxes — `Consolidated returns can cut down dept workload'

    Gold, jewellery exports at $ 7 b

    Packaging matters as much as foodstuff inside

    PM calls for closer ties with Asean

    `Facilitation current mantra for DGFT'

    Centre gets tough with States on power reforms — Funds, investments tied to APDRP compliance

    ISRO to reach out to the moon

    Good economics is best politics, says Naidu

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