Financial Daily from THE HINDU group of publications
Tuesday, December 24, 2002
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INDUSTRY & ECONOMY

CEMENT


Govt not for regulating cement prices now
THE Central Government does not intend to "intervene" to correct the cement price fluctuations seen in some of the consumption centres. "The cement prices that contribute to the realisations of the manufacturing units have not shown any ... More

ECONOMY


Governance reform committees on anvil
THE Planning Commission would move swiftly to draw up the constitution and terms of reference for the empowered committees on governance reforms, removal of inter-State barriers to trade, creating an investor-friendly milieu and empowerment of ... More

ENVIRONMENT


States told to restore forest land to eligible claimants
THE Centre has asked the State Governments to review cases of `disputed claims' over forest land and submit their proposals for the restoration of titles to eligible claimants. According to the Union Ministry for Environment and Forests, these ... More

FOREIGN TRADE


Dhaka seeks trade sops from India
BEING a least developed country (LDC), Bangladesh should be offered special treatment by India on a "non-reciprocal" basis in bilateral trade. Such treatment was urgently required to minimise the trade deficit between the two countries, according ... More

French Season in India to promote trade relations
ALTHOUGH political and diplomatic relations between India and France have been blossoming, the economic and commercial relations continue to be low key. The French Season in India in February 2003 would help heighten the contacts so as to give a ... More

HEALTH


Awareness on blood donation
BANGALORE: Blood donation cuts cholesterol and iron levels in the body and helps the cardiovascular system remain healthy, according to Dr Shivram, Chief of Transfusion Medicine at Manipal Hospital, here. At an awareness programme on ... More

Meet to promote community obstetrics
THE 46th All India Congress of Obstetrics & Gynaecology is scheduled to be held at Bangalore for six days from January 5, under the auspices of the Federation of Obstetric and Gynecological Societies of India to take "academic excellence towards ... More

Cardiac care for needy children
BANGALORE: Gift of Life, a global effort by a group of Rotarians from Manhasset, Long Island, New York, to reach cardiac care to the needy children below 12 years, has tied up with the Bangalore-based Heart Care Foundation of the BMJ ... More

PHARMACEUTICALS


India can be major R&D base for pharma MNCs
ERNST & Young Pvt Ltd, a leading player in professional services, has unveiled its first global pharmaceutical report titled `Partners with Vision' here on Monday. The Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, released the ... More

POWER


KPCL, regulator at odds on Raichur tariff heat rates
A high heat rate implies high fuel consumption and consequently translates into higher power tariffs. The regulator's prescription therefore implied a lower power tariff from the thermal stations. More

STEEL


`Recovery of global steel industry fragile'
The meet revealed that while new market conditions have improved and some restructuring was under way, the recovery might be fragile, with some firms continuing to struggle to maintain or return to profitability. More

TAXATION


`Little improvement in I-T dept's functioning'
THE measures initiated by the Income Tax Department during the last few years to improve its tax administration and usher in more transparency and accountability appear to have not gone down well with tax practitioners across the country, ... More

Maharashtra VAT Act may face opposition
"The intention of the State Government is to replace the well-settled Bombay Sales Tax Act, 1959, using the label of VAT. This will only lead to spiralling litigations,'' More

EDUCATION


No more new medical colleges in Karnataka: Study
BANGALORE: Karnataka does not need any more medical colleges and the Government should impose a ban on starting a new college, a study conducted by the Institute of Parliamentary Affairs has said. Karnataka has the largest number of ... More

HOME APPLIANCES


Plea to scrap excise levy on pressure cooker
THE Pressure Cooker Industries' Association has urged the Government to abolish the excise levy on the product to help it record a healthy growth. Currently, the industry pays an excise rate 16 per cent as against eight per cent until the year ... More

MEDICAL INSTITUTIONS & HOSPITALS


Ramco Group plans hospital at Rajapalayam
CHENNAI: P.A.C. Ramasamy Raja Centenary Trust , promoted by Ramco group, will establish a 30-bed multi-speciality hospital at Rajapalayam, Tamil Nadu. The hospital will be fully funded by the Trust, and established and managed jointly ... More

REAL ESTATE & CONSTRUCTION


Indian realtors train eyes on Gulf market
REALTORS from India are looking to tap the potentially big market in Gulf States such as Bahrain, Kuwait and Muscat following the very good response to the `Property 2002' roadshow organised in these countries over the past week by the ... More

INDUSTRY ASSOCIATIONS


ISMA seeks excise relief to offset cane price hike
THE Indian Sugar Mills Association (ISMA) has sought a two-year exemption on levy of basic excise duty on sugar and molasses, which, it feels, is required to enable mills to pay the additional Rs 5 per quintal statutory Minimum Price (SMP) for ... More

TEXTILE MACHINERY


Weavers seek cut in customs duty on shuttle-looms
THE decentralised weaving industry has asked the Textile Ministry and the Finance Ministry to reduce the customs duty on imported shuttle-looms as is made available currently to the shuttle-less loom imports. Extension of the customs duty ... More

IPR


India upgrades legal system for patents
INDIA has upgraded its legal system to handle patent-related litigation and allow patent in all areas of technology. Accordingly, the provisions relating to the setting up of the Intellectual Property Appellate Board (Tribunal) contained in the ... More

RURAL DEVELOPMENT


How technology helps rural healthcare system
IN an era where handheld gizmos are changing the way we live and communicate, particularly for the upwardly mobile, here is piece from the rural heartland. Mobile devices are bringing dramatic changes in the lives of people at grassroots level ... More

EVENTS


`Developing own fighter aircraft will cut costs'
THE cost of a single Mirage 2000 aircraft is Rs 200 crore and if the country imported 100 of these outright the cost would be Rs 20,000 crore. If you add the maintenance of these aircraft over a 20-year period, it would cost another Rs 20,000 ... More

`National Handloom Expo 2002'
An artistic replica of a weaving machine displayed at the `National Handloom Expo 2002' at Palace Grounds in Bangalore on Monday. The expo, which was inaugurated by the Chief Minister, Mr S.M. Krishna, will be open till January 15. ... More

INCOME TAX


Kelkar to finally toe a soft line
BOWING to pressure from the BJP, the Kelkar Panel on Direct Taxes has decided to go soft on individual taxpayers. In its final report, the committee has alsoproposed a corporate tax structure which the domestic industry may well be comfortable ... More
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