Financial Daily from THE HINDU group of publications
Wednesday, December 18, 2002
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INDUSTRY & ECONOMY

AWARDS & HONOURS


Three Indians bag media awards
THREE Indian students (Uttam Pal Singh and Manisha Chatterjee from the National Institute of Design, and Nilay Ram Moonje from Mudra Institute of Communications) are among nine international winners of the second Ibda's Student Media Awards ... More

COURTS/LEGAL ISSUES


SC refuses to stay WLL services — Asks tribunal to review its decision
THE Supreme Court has directed the Telecom Dispute Settlement Appellate Tribunal (TDSAT) to take a fresh look at its decision to allow limited mobility services based on wireless in local loop (WLL), especially in terms of providing the cellular ... More

ECONOMY


Law mooted to open up single-window
RE-ENGINEERING of regulatory procedures will be the beginning of second-generation reforms, which will simplify approval procedures and sort out implementation problems faced at various levels through the creation of Industrial Investment ... More

ICICI Bank chief says 8% GDP growth achievable
ICICI Bank has painted a rosy picture of the economy and said that the 8 per cent growth in the gross domestic product (GDP) targeted for the current plan period would be "sustained and be sustainable in future as well." Speaking to reporters ... More

EXCISE AND CUSTOMS


Delhi Metro exempted from customs and excise duties
THE Centre has decided to grant exemption to the Delhi Metro project from customs and excise duties so that the project is able to sustain itself. "It is expected that similar exemptions from sales tax and works contract tax would be granted ... More

Kelkar panel for curbs on excise powers
THE Kelkar panel on indirect taxes has decided to go all out to recommend curtailment of excise raj in its final report to be submitted later this week. The panel will also address the concern of domestic oil refineries by recommending changes ... More

FOREIGN TRADE


Australia-India Council drive to boost ties
THIS mission is testimony of what governments can do to further bilateral trade - with much goodwill and a tiny grant. Created in 1992 by the Australian Government, the Australia-India Council's (AIC) focus is on improving trade prospects for ... More

INFRASTRUCTURE


Panel proposed to hasten eco nod for projects
TO end the problems being faced by project promoters in obtaining environmental clearance from the Ministry of Environment and Forests (MoEF), the Govindarajan Committee on `Reforming Investment Approval & Implementation Procedures' has ... More

PETROLEUM


Diesel sales dip in November
DIESEL sales dipped in November while petroleum products recorded an overall 2.2 per cent improvement in growth rate. According to analysts, the decrease in diesel sales may be related to an increase in LPG sales which is gaining ground as ... More

PHARMACEUTICALS


India seen emerging as pharma power
WITH the GATT and TRIPS Agreement coming into force in 2005 in India, a majority of South Asian and Gulf Council countries are looking at as a major pharmaceutical player in the coming years. Mr Joselino D. Campos Jr., Chairman and CEO of the ... More

It's destination biogenerics for pharma
Biogenerics means therapeutic products based on genetically engineered or recombinant technologies that are already being sold in developed markets such as the US and Europe. More

TAXATION


`VAT may result in higher battery prices'
IF politicians can get their act together and successfully introduce the State value added tax (VAT) from April 1, 2003, battery prices may rise by 10 to 12 per cent. Perhaps, it is too early to come to such a conclusion as the rules and ... More

Jaswant hints at fewer tax rates
SETTING the tone for the forthcoming Budget, the Finance Minister, Mr Jaswant Singh, on Tuesday said that the Government would move towards a simplified and hassle-free tax system with fewer rates, besides curtailing the discretionary powers of ... More

Ministry to seek Cabinet nod for service tax Bill
THE Finance Ministry will seek Union Cabinet's approval on Wednesday to introduce a Bill to amend Article 269 of the Constitution that would enable the Centre and States to levy service tax. The Bill is set to be introduced in the ongoing ... More

TEXTILES


  • Shop towel export to US under early bird system

    SSI


    SSI sector seeks separate Ministry
    THE Kerala State Small Industries Association (KSSIA) has urged the State Government to create a separate Ministry for small-scale industries and constitute a State Small Industries Board (SSIB). Such a Ministry could effectively manage the ... More

    INDUSTRY ASSOCIATIONS


    Retain State Govt sops: SSIs
    Even developed countries like the US have a Small Business Act, which ensures finance to the units at nominal interest. More

    DISINVESTMENT


    Ministries' views sought on HPCL, BPCL
    THE Ministry of Disinvestment has proposed strategic sale of 26 per cent Government equity in HPCL and public offer of 25 per cent in BPCL. Official sources said that the Ministry had circulated the proposals to the administrative ministries ... More

    Ministry to seek legal opinion on Centaur resale
    THE last word has not yet been heard on the disinvestment and subsequent resale of Centaur airport hotel in Mumbai by A.L. Batra to the Sahara group. The Ministry of Civil Aviation (MoCA) plans to seek legal opinion on the decision of the A.L. ... More

    SOCIAL WELFARE


    Social security scheme planned for NRKs
    THE Chief Minister, Mr A.K. Antony, will formally launch Pravasi Swasraya, a social security scheme intended to benefit non-resident Keralites (NRKs), on January 14. Announcing this, Mr M.M. Hassan, Minister for Information and Non-Resident ... More

    RURAL DEVELOPMENT


  • Nabard sanctions Rs 5.4 cr more
  • Pat for PMRY implementation

    EVENTS


    Chemcon-2002 from tomorrow
    A FOUR-day Indian Chemical Engineering Congress (Chemcon) - 2002 is scheduled to be held here from December 19 under the auspices of the Hyderabad Regional Centre of the Indian Institute of Chemical Engineers (IIChE), Osmania University ... More

    Fair to boost Kolkata as trade point
    ENCOURAGED by the Government's `Look East' foreign policy, the organisers of the 16th Industrial India Trade Fair, to be inaugurated here on December 20, are set to focus on the point that the city is geographically well-placed to play a major ... More

  • BEML dozer, big draw at Excon
  • Thiruvananthapuram Engagements
  • Chennai Engagements

    EXPORTS & IMPORTS


    Performance norm to decide exporters' status certificate
    THE Government has now permitted issuance of status certificates under the Exim Policy to exporters on the basis of their performance in the current licensing year (April to March). The status certificates can be issued under this criterion only ... More
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    Top Stories
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    Diesel sales dip in November

    It's destination biogenerics for pharma

    In Focus
    Inside China

    Gujarat Elections
    Small Investor
    In Depth
    Gender Justice
    Simple Economics
    India Interior
    Consumer Notes
    Looking back
    Dec. 8-Dec. 14
    VCs prefer India to China

    Car production growth low, but exports rise: CII

    Stagnant consumption worries fertiliser industry

    Kerala tops tourism growth rate worldwide

    29 State-owned PSUs up for sale in Orissa

    What makes Chinese economy click

    Learning maths the Casio way

    A silver lining for payal workers

    Chinese dumping thwarts move to boost bivoltine silk output

    News channel revenues grow faster than viewership

    Empowering faceless women

    Can FBI net the cyber-fugitive?

    LIFE is a win-win scenario

    Economic growth versus social impact

    Phone-in and test your skills; check leave position too


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