Financial Daily from THE HINDU group of publications
Saturday, January 04, 2003
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Financial Daily from THE HINDU group of publications Saturday, January 04, 2003 |
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INDUSTRY & ECONOMY BUDGET No pre-Budget meetings, only written views DISPENSING with the practice of holding pre-Budget meetings with various groups, the Finance Minister, Mr Jaswant Singh, today decided to invite written comments from experts, which he said were "far more relevant and useful" than holding ... More ECONOMY `Globalisation will result in poverty, unemployment' Prof Prabhat Patnaik said globalisation would result in growth of unemployment and poverty. This was evident from the fact that India had witnessed an increase in unemployment, especially rural unemployment in the 1990s. More
Sub-panels, task forces for update plan
ENVIRONMENT PCB crackdown on 2 Tirupur dyeing units THE Tamil Nadu Pollution Control Board (PCB) has cracked the whip against dyeing units in Tirupur for not complying with the Board's directive on effluent treatment. The Board has ordered disconnection of electricity supply to two major dyeing ... More
81,000 ha of forest encroached upon EXCISE AND CUSTOMS Sisspa wants excise on cotton yarn scrapped THE South India Small Spinners Association has asked the Centre to scrap the levy of excise duty on cotton yarn as unlike the man-made fibre industry, the cotton spinning sector using an agriculture product as its raw material is not eligible for ... More
Customs duty cut on synthetic man-made fibres, yarns INFRASTRUCTURE Bangalore-Mysore corridor BANGALORE: Work on the 138 km Bangalore-Mysore Express Corridor is expected to begin soon. The first phase work up to Maddur would begin in June and the first notification for acquiring land on the Rs 328 crore highway project has ... More POWER Load-shedding ruled out BANGALORE: The New Year is expected to bring cheer to farmers in the State as the Karnataka Power Transmission Corporation Ltd has introduced a eight hour three phase power supply in rural areas, while ruling out any load-shedding in ... More TAXATION `New regime will ring in friendlier audits' THE Kerala Value Added Sales Tax Bill 2002 will seek to ring in a system in which the resort to surprise raids will be exchanged for friendlier `VAT audits' to be conducted by a team of two or more tax officials at the business premises of the ... More
Budget to reflect final VAT norms EDUCATION Dot the i's and cross the t's R. Anand on how tax laws can further the cause of education More CARS 
Hyundai sales up 23 pc in 2002BACKED by a spurt in growth in year-end sales, Hyundai Motor India Ltd (HMIL) has ended the year 2002 with sales of 1,11,051 units, up 23 per cent over 2001 sales of 90,028 units. Hyundai's sales in December peaked at 6,768 units as against ... More REAL ESTATE & CONSTRUCTION Use of fly ash in road construction to be mandatory The Fly Ash Rules are being amended to make it compulsory for all agencies engaged in the construction of buildings within a radius of 100 km from coal or lignite-based thermal power plants to use fly ash bricks or blocks or tiles. More INDUSTRY ASSOCIATIONS Chamber for softer interest regime THE PHD Chamber of Commerce has stressed the need for reduction in the interest rate structure, which continues to be on the higher side as compared to international levels. In a press release issued on Friday, Mr P.K. Jain, President, PHDCCI, ... More SCIENCE & TECHNOLOGY Rs 25-lakh science award announced THE Prime Minister has announced a Rs 25-lakh Indian Science Award to be given annually to an outstanding Indian or international scientist. The Scientific Advisory Committee would look into the details, he said while inaugurating the Indian ... More CINEMA Taxes on entertainment sector `a tragedy' In its pre-Budget memorandum, the FICCI has sought a re-look at the provisions for the tax-related issues concerning the entertainment industry. More SMALL SAVINGS Will PPF retain glitter in the long run? EVEN as the Kelkar panel's recommendations await a final word tillthe Union Budget next month, that the panel has not wielded the axe on certain concessions extended to the Public Provident Fund (PPF) has come as a relief. A prime reason for ... More SOCIAL WELFARE AP in parleys with HPCL for community kitchens THE Andhra Pradesh Government is in parleys with public sector Hindustan Petroleum Corporation Ltd (HPCL), to rope in its support to establish Rasoi Ghars or community kitchens to support the Rs 250-crore mid-day meal scheme launched to cover 75 ... More EVENTS 
Industry to get tax sops to invest in R&DScience, medical and engineering institutions will get new and easy funding modes to promote research. More
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