Financial Daily from THE HINDU group of publications
Wednesday, November 13, 2002
Markets (Nov. 12)
BL 2501035.37 (+5.10)
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Dollar (Buy/Sell)48.23/48.36
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Industrial growth up at 6.1 pc in Sept
TRUE to the signals of recovery in the economy, the industrial sector has posted a growth of 5.2 per cent in the first six months of the current fiscal (April-September 2002) as against 2.4 per cent in the corresponding period last year. As ... More

Jalan upbeat on economy
THOUGH the Reserve Bank of India recently brought down its projection on the GDP growth from 6-6.5 per cent to 5-5.5 per cent, Dr Bimal Jalan, the RBI Governor, is still bullish on the Indian economy. At a seminar on `The Indian Economy — ... More

Call for political meet on urban local bodies
THE Union Minister for Urban Development and Poverty Alleviation, Mr Ananth Kumar, has appealed to the Prime Minister, Mr Atal Behari Vajpayee, to convene an all-party meeting to impress upon the political parties on the need to empower urban ... More


3 crore Indians are diabetic: WHO
IN 1995, around 1.75 crore Indians were estimated to be diabetic. According to the World Health Organisation, today around three crore people are afflicted by the disease in the country. "This gives India the dubious distinction of having the ... More

Gates foundation officials discuss use of AIDS funds
THE number-crunching on HIV/AIDS incidence in India notwithstanding, officials from the Bill and Melinda Gates Foundation today met top brass of the National AIDS Control Organisation (NACO) to discuss the modalities of the Rs 500-crore ($100 ... More


`Developing existing infrastructure will be key to Maharashtra's future'
He said cluster economies could be encouraged in Maharashtra to develop already existing industries such as auto engineering, garments, leather gems and jewellery, agricultural products and much more. More


Rs 5,000-cr payout sought from ONGC
THE Finance Ministry has sought Rs 5,000 crore from ONGC in the form of special dividends. "ONGC should give three times the dividend they paid us last year... we will discuss this later... ," a top Finance Ministry official had said at a ... More

HAL advances Sukhoi deadline
HINDUSTAN Aeronautics Ltd (HAL) has compressed the production schedule of Sukhoi-30 fighters by four years. The full complement of the contracted140 Su-30 MKI aircraft will be delivered to the Indian Air Force by 2013-14, or in 10 years, ... More


Kerala opens small hydel sector for private funds
THE Kerala Government has opened up the small hydel sector for private investment. In the first phase, 62 projects with a total generation capacity of 162 MW will be put up for private participation. The projects will be allotted through ... More


Draft VAT law to be tabled in AP House
THE Andhra Pradesh Government has started making preparations to get into the value-added tax (VAT) regime due to be heralded nationally from the next financial year and has come out with a draft VAT law called the "AP Value Added Tax Act 2003" ... More


Intl school coming up near Hyderabad
A GROUP of `disgruntled parents' belonging to the Andhra Pradesh industrial houses are setting up a world-class co-educational residential school near Manneguda on Hyderabad-Vikarabad road. The school, coming up on a sprawling 32-acre campus at ... More

T.T. Services to handle German student visas
THE German Consulate has enlisted T.T. Services, part of the Chennai-based TTK group, for student visa documentation. Germany has changed the application procedure for obtaining student visa. T.T. Services will handle the student visa ... More


Realtors seek cut in stamp duty
A relaxation in stamp duty could reduce the cost of properties and give a further fillip to growth in demand for real estates, the Confederation of Real Estate Developers' Association of India (CREDAI) has said. The rationalisation suggested ... More


Leather team finds China far ahead in infrastructure
A DELEGATION from the Indian Finished Leather Manufacturers and Exporters Association (IFLMEA), which visited China, has concluded that Chinese advantage in leather exports lies in the great investment that has gone into infrastructure ... More


FICCI signs energy pact with Canadian body
A MEMORANDUM of understanding (MoU) was singed between FICCI and Natural Resources Canada (NRCan) on Industrial Energy Efficiency during the interactive meeting on India-Canada Business Opportunities organised by FICCI, here today. The FICCI ... More


BBJ sell-off: Staff co-op gets feelers from engg cos
EVEN as the three companies shortlisted for the purpose of divestment of Braithwaite Burn and Jessop Construction Company Ltd (BBJ) complete their due diligence, the employees co-operative society - which is also in the running - has begun ... More

Several PSUs lined up for divestment panel meeting
THE line-up for the November 14 meeting of the Core Group of Secretaries on Disinvestment (CGD) is impressive and gives an indication that it will be business as usual at the Disinvestment Ministry despite the drubbing from all and ... More


Innocents inside
A boy peeps through the bars at the jail school in Chanchalguda women's jail in Hyderabad on Tuesday. The school was set up on the jail premises recently for the children of women prisoners. A parliamentary team visited the jail on Tuesday. ... More


ITPO to be developed as hub for culture, trade facilitation
PLANS are under way to make the International Trade Promotion Organisation (ITPO) as the hub of social, cultural and trade facilitation activity. "Expression of intent" bids from promoters to develop this concept had been initiated, the Minister ... More
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