Financial Daily from THE HINDU group of publications
Friday, December 13, 2002
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INDUSTRY & ECONOMY

INVESTMENTS


Programme on G-sec investments
KOCHI: A customer enrichment programme on `Investment in Government Securities and Operation of Gilt Accounts' was organised by Federal Bank at the Federal Towers. Mr Gilles Paul, Joint Registrar of Co-operative Socieites, Ernakulam ... More

ANTI-DUMPING


Chinese dumping thwarts move to boost bivoltine silk output
THE Government's initiative to boost bivoltine silk output in the country has suffered a setback on account of the continued dumping by Chinese firms that, in turn, has depressed domestic prices. Admitting that the dumping of Chinese silk has ... More

ECONOMY


Industrial output up 6.2 pc in Oct
THE noticeable revival in industrial activity during the first half of the current fiscal seems to be continuing in the second half as well, with the industry registering a 6.2 per cent growth during October. The 6.2 per cent year-on-year rise ... More

Mufti urges India Inc to invest in Kashmir
THE Chief Minister of Jammu & Kashmir, Mr Mufti Mohammad Sayeed, has urged the business community to take initiatives in investing in the State. Addressing a special session on "Kashmir: A new ray of hope" organised by the Federation of Indian ... More

South Asia can achieve 5.4 pc growth in 2003: IBRD report
"This improvement in growth prospects is premised upon a return to normal weather patterns, an improvement in political stability and regional security aspects thereby facilitating faster implementation of reforms, and a recovery in world trade volum es." More

FERTILISERS


`Closing down of HFC, FCI will not hit urea availability'
THE Government said on Thursday that its decision to close down the state-owned Hindustan Fertiliser Corporation (HFC) and Fertiliser Corporation of India (FCI) would have no impact on the availability of urea in those States where they are ... More

PETROLEUM


Mumbai to have more CNG bunks
MAHANAGAR Gas Ltd, a GAIL and British Gas joint venture, plans to add another 17 compressed natural gas outlets in Mumbai by March 2003. This will take the number of gas stations in the natural gas-starved city to 55 outlets. The company on ... More

PHARMACEUTICALS


`Growth in pharma sector lower'
THE Indian pharmaceutical industry may not grow at the same pace as it did in the past five years, said Mr B.S. Brar, Chief Executive Officer and Managing Director, Ranbaxy Laboratories. The industry is currently growing at 9.5 per cent as ... More

POWER


Karnataka mulls surcharge on power
POWER consumers in Karnataka can brace themselves for the future shock. The State Government intends recovering the increases in power purchase costs this year from next year's bills. Among the methods now under consideration include a ... More

APERC to hold public hearing on purchase pacts
THE Andhra Pradesh Electricity Regulatory Commission (APERC) would be holding a public hearing on December 19 on the power purchase agreements (PPAs) between the Transmission Corporation of Andhra Pradesh ( APTransco) and four gas-based ... More

STEEL


April-Nov steel output up 5.4%
THE total production of finished steel in the country during April-November 2002 has been provisionally estimated at 20.84 million tonnes as against 19.78 million tonnes during the same period last year, showing an increase of 5.4 per cent. The ... More

TEXTILES


Applications invited for shop towel export quota
THE Ministry of Textiles (MoT) has decided to keep the ready goods (RG) quota for shop towels (coming under the item category No. 369(S)) for US exports open from December 10 to December 31. This has been done to clear the quota for this ... More

Ministry advises `go-slow' on hank yarn defaulters
THE Ministry of Textiles has sounded `go-slow' in taking any penal action against the textile units defaulting in fulfilling their shortfall of the hank yarn-packing obligation (HYPO) for the April-June/July-Sept 2002 quarters. The Ministry has ... More

SSI


Safeguards sought for SSIs in Securitisation Bill
`In the long run, this will discourage the small and medium entrepreneurs from taking risks and thereby thwart enterprise.' More

WATER


Zero-B water vending station in Karnataka
BANGALORE: Ion Exchange has installed its first Zero-B water vending station in Karnataka. The automated station has been placed at one of the platforms of the busy Kempegowda bus terminus, a company release said. The vend, with capacity ... More

`Pampa river authority need of the hour'
THOUGH the State Government has prepared a pre-feasibility report to be submitted to the Centre for implementing the Pampa Action Plan, its speedy implementation would require the setting up of a Pampa River Basin Authority, according to the ... More

RADIO/TV


News channel revenues grow faster than viewership
OVER the last 18 months, and especially since September 11 last year, TV news channels have been registering a steady increase in revenue, which is growing at an even faster rate than viewership, according to a report by TAM-AdEx, which monitors ... More

EDUCATION


LearningMate joins hands with Blackboard
LEARNINGMATE, the e-learning services providing division of Delhi-based Educomp Datamatics Ltd, has entered into a strategic partnership with Blackboard Inc and World Links to introduce e-learning for professional development of teachers in rural ... More

CARS


Used cars market shifting gears — Organised players ushering in price stability
WITH the organised players entering the second hand car market in India in a big way, the used cars' prices are getting stabilised in line with international trend. India will also witness in about a decade or so a far quicker replacement of ... More

FOODS & FOOD PROCESSING


Kerala Govt betting big on food processing
`The State could latch on to its tradition as a food products exporter and emerge as a leading player through recourse to value addition and diversification. Its share in the country's total food products export is almost 20 per cent despite the fact it accounts for comparatively much lower land area.' More

GEMS & JEWELLERY


`India to be top player in diamond market in 10 years'
"In 5-10 years, India will be a dominant player in the market for diamonds and jewellery," Mr Paul C. Goris, Chairman of the Executive Committee, Antwerp Diamond Bank (ADB), said. More

INDUSTRY ASSOCIATIONS


TN chamber plans seminars
THE Tamil Nadu Chamber of Commerce and Industry here has said that in connection with its sixth consecutive Chamber Trade Fair, scheduled to be held between December 20 and January 6, the Chamber in association with TACED is organising a series ... More

SCIENCE & TECHNOLOGY


Brahmos set for final trials in two months
BRAHMOS, the country's first supersonic cruise missile, is set to undergo final trials in two months before it goes in for joint production with Russia. Dr V.K. Aatre, Scientific Adviser to the Defence Minister, said for the Indian side of the ... More

DISINVESTMENT


Ministry told to file report on Centaur
IN yet another twist to the sale of Centaur Airport Hotel in Mumbai, the Ministry of Civil Aviation (MoCA) has been asked to submit to the Standing Committee of Parliament a report on the sale. Official sources, while confirming the ... More

IISCO precedence for oil PSUs
A PRECEDENCE of sorts is worth citing in the context of the Opposition's stand in Parliament that divestment of the shares of Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) cannot be carried out only ... More

Happy birthday, Shourie!
THERE was a low-key birthday party at the Ministry of Disinvestment a couple of days ago. The department had been formed on December 10, 1999, with a view to establishing "a systematic policy approach to disinvestment and privatisation and to ... More

`No privatisation of BSNL, MTNL in near term'
THE Government has ruled out privatisation of the state-owned telecom majors, BSNL and MTNL in the near term. The Minister for Communications, Mr Pramod Mahajan, told the Rajya Sabha on Thursday that in the near term, both these companies would ... More

SMALL SAVINGS


Panel to vet investments of Seamen's PF
THE Union Government has revamped the functioning of the Seamen's Provident Fund Organisation (SPFO) in a bid to prevent a repeat of the Rs 93-crore fraud, which hit the fund a few months earlier. The Board of Trustees of the SPFO has ... More

FOREIGN DIRECT INVESTMENT


`Speedy reforms must to lure investment from US'
AMERICAN investments will continue to flow into China unless India pushes through with its economic reforms process and at a much quicker pace, pointed out Senator Mr Sam Brownback, ranking member of the US Senate. Comparing the bilateral trade ... More

WTO


We must go beyond slogans against trade pacts: Shourie
INDIA runs the risk of being isolated if the country were to maintain an attitude of negativism and suspicion about the benefits of an effective engagement at the World Trade Organisation (WTO), the Commerce and Industry Minister, Mr Arun ... More

RURAL DEVELOPMENT


A silver lining for payal workers
A MORE than 100-year-old, silver village at Hupari is to get a new home at the Silver Zone on the lands of MIDC (Maharashtra Industrial Development Corporation). The Maharashtra Government is setting up the Silver Zone over 100 hectares of MIDC ... More

SIDBI plans to hive off micro-credit foundation
According to the Chairman of SIDBI, the Rs 100-crore fund was considered insufficient to meet the ever growing micro-finance needs of the rural segment, and hence the decision to form a separate company. More

EVENTS


Construction equipment fair next week
WITH a strong IT activity, Bangalore has been able to contain unemployment. However, there was need to give a boost to infrastructure as apart from being a potential for lucrative investment it can trigger industrial development leading to larger ... More

Young exporters' meet tomorrow
MADURAI: The Tamil Nadu Council For Enterprise Development (TACED) is organising its sixth young exporters meet here on December 14. According to a communication, the meet would provide comprehensive information on export procedures, ... More

TOURISM


Advani calls for synergy to tap tourism potential
THE Deputy Prime Minister and Home Minister, Mr L.K. Advani, has called for greater synergy between the public and private sectors to tap the tremendous opportunities that exist in the domestic tourism sector. Inaugurating an international ... More
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Top Stories
Rubber zooms to 5-year high


RBI asks lenders to take ownership rights of defaulting corporates

Funds see bonus issue as tax planning tool

News channel revenues grow faster than viewership

Insurers told to show `proof' of high losses in motor cover

Chinese dumping thwarts move to boost bivoltine silk output

A silver lining for payal workers

In Focus
Inside China

Gujarat Elections
In Depth
Gender Justice
Simple Economics
Small Investor
Looking back
Dec. 1-Dec. 7
`Almatti height may hit AP power generation'

GE Shipping hoots past SCI disinvestment

Development data report shows AP in poor light

Sugar import norms tightened

Low funds, strict laws plague medicinal biotech sector

ATMA members' H1 exports touch Rs 485 cr

Direct tax receipts slow down in April-Nov period

Farm, allied products boost export growth — Plantations, leather fare poorly

Govt to review Centaur deal if found illegal

Of ayurveda and farmers' rights

Steep rise in foreign currency export credit during Apr-Nov

ONGC, Iffco-Kribhco may be allowed to bid for HPCL


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