Financial Daily from THE HINDU group of publications
Wednesday, January 08, 2003
Markets (Jan. 07)
BL 2501130.59 (+0.32)
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Dollar (Buy/Sell)47.94/48.06
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Lack of will hampering growth, says Prahalad
INDIA has a good knowledge base and all the prerequisites to achieve 10 per cent growth rate but it lacks the will to put it to best use, Dr C.K. Prahalad, Harvey C. Fruehauf Professor of Corporate Strategy at the University of Michigan Business ... More

`Retail financial services can rev up economy'
THE retail financial services market with a potential $15 billion for the year 2003 is expected to be a key driver to the Indian economy, even as the Indian banks can look forward to a phase of rapid settlement of non-performing assets (NPAs), ... More

Will the Bush package make a difference?
AS this is being written, the US President, Mr George W. Bush, is readying an array of fiscal incentives to get the US economy moving into high gear. He has cause for concern. About a decade ago, his father won the war with Iraq on Kuwait ... More

Tax reforms vital for 8% growth, says CII
The Managing Director, Hero Corporate Services, and Chairman of CII, Economic Affairs Committee, Mr Sumit Kant Munjal, said the issue of rationalisation of tax structure was necessary if we have to hasten economic growth. More


Kerala: Panel moots Bill for increasing tree cover
THE first report of the State Law Reforms Committee has proposed a Kerala Promotion of Tree Growth in Non-Forest Areas Bill, 2002, with the express purpose of amending existing laws on trees and transit of timber so as to encourage farmers to ... More


K-G find spurs plans for fertiliser units
IN the light of the recent discovery of natural gas in the Krishna-Godavari basin and West coast, the Union Government has plans to revive proposals for setting up additional ammonia and urea manufacturing capacity within the country, according ... More


Biscuit industry sticks to tried and tested recipes
GROWTH in the over 40-year-old Indian biscuit industry has remained slow. Back-of-the-envelope calculations will show that per capita consumption is less than Rs 3 per month on biscuits or less than Rs 15 per household per month. This is ... More


Czechoslovakia keen to expand trade contacts
THE Deputy Minister for Industry and Trade of Czechoslovakia, Mr Miroslav Somol, has called for greater efforts to explore and grow the trade potential between the two countries. Addressing a meeting organised by the Confederation of Indian ... More


AP: Rs 12,000-cr refinery among 41 MoUs worth Rs 17,204 cr signed
FORTY-ONE projects worth Rs 17,204 crore, including a major Rs 12,000-crore petroleum products project of Transworld Corporation USA Inc, an Rs 260 crore speciality paper project of ITC and several biotech and tourism projects are among many new ... More

Vizag-Hyderabad LPG pipeline
HYDERABAD: The Vizag-Hyderabad LPG pipeline project of GAIL India would be completed by April, 2003, according to Mr Vijay Goel the Union Minister of State in the Prime Minister's Office (PMO), and Statistics and Programme ... More


Watershed year for diabetics
THE year 2003 may turn out to be a watershed for diabetics. It started with Eli Lilly (India) slashing the price of human insulin by 33 per cent in a single stroke. In a few months, Wockhardt and Biocon India plan to introduce human insulin in ... More


TNEB to get more thermal coal via coastal route
IN the current quarter (January-March), Tamil Nadu Electricity Board (TNEB) will receive more thermal coal by the coastal route than it did in the previous quarter (October to December). At the recent coal linkage committee meeting, TNEB ... More


`Modify credit norms for SSIs'
THE forthcoming Budget should address the two main problems of the small-scale sector, namely, the high cost of funds and the poor infra-structure, the Confederation of Southern Small Industries Association (Conssia) has said. In a pre-Budget ... More

Codissia in spot over trade fair complex — Seeks grant to meet SIDBI commitments
THE Coimbatore District Small Industries Association (Codissia) is scouting for options to generate additional resources to meet its payment commitments to Small Industries Development Bank of India (SIDBI) for the loan it had taken for ... More


Bickering Ministries hold up HPCL divestment
The Petroleum Ministry has suggested that the successful strategic buyer should be bound to complete the 9-million-tonne Bhatinda refinery by building suitable clauses in the shareholders' agreement for the sale. More


Nations must innovate, patent IPRs
"NO developing nation can survive unless it can sell something to some other nation and to do so most effectively in a technology-oriented world, it would be imperative to focus on issues veering around Intellectual Property Rights (IPRs) and ... More


`GDP may run upstream thru river link' — Mr Suresh Prabhu, Chairman, Task Force on Linking of Rivers
MR Suresh Prabhu, former Union Minister for Power, has no regrets over having to vacate the portfolio. For, the task that has been entrusted to him as Chairman of the three-member Task Force on Linking of Rivers is of far greater importance, ... More

Muthiah calls for review of Securitisation Act
`There is a need for them to go into the cause of the default instead of just saying that if you don't pay interest for two quarters you become an NPA.' More


Kerala: Investors' meet attracts 560 delegates so far
AS many as 560 delegates have so far confirmed participation at the Global Investors' Meet (GIM) being organised by the State Government in Kochi on January 18-19. This is in excess of a maximum of 500 delegates expected by the Government and ... More

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    Top Stories
    `GDP may run upstream thru river link' — Mr Suresh Prabhu, Chairman, Task Force on Linking of Rivers

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