Financial Daily from THE HINDU group of publications
Thursday, January 23, 2003
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Fiscal framework for 2003-04 announced — AP Budget no more under wraps
CONTRARY to the accepted practice of presenting annual budgets under tight secrecy, the Andhra Pradesh Government has announced the Annual Fiscal Framework for 2003-04 as the basis for fixing the budget estimates for 2003-04 here on Wednesday. ... More


ADB to extend $8-b aid package for India
THE Asian Development Bank (ADB) plans to extend an $8-billion assistance package to India spread over four years. The aid package was finalised following discussions that the ADB programming mission had with the Ministry of Finance here on ... More

Karnataka to prepare citizens' charter
BANGALORE: The State Government has come out with a strategy to tone up the administration at the grassroots level by deciding to prepare a citizens' charter on the basis of a review of the implementation of the development works in ... More

Mufti seeks investments from State
THE Jammu & Kashmir Chief Minister, Mr Mufti Mohammed Sayeed, today met the Chief Minister, Mr N. Chandrababu Naidu, here and requested him to explore possibilities of investments in the electronics and IT sectors in Jammu & Kashmir. Mr Sayeed ... More


Chamber planning to form healthcare trust in N-E
THE Indian Chamber of Commerce has decided to form a trust comprising industrialists, which will work in the field of primary healthcare in the eight north-eastern States. This was announced by Mr Aditya V. Lodha, the outgoing President of the ... More


Reliance to set up 2,500 retail outlets
RELIANCE Industries Ltd (RIL) will put up 2,500 petroleum retail outlets by April 2004. The entire retail network will be up by end of 2005, Mr Mukesh Ambani, Chairman, Reliance Industries Ltd, said here on Wednesday. "In the first phase we ... More

GoM meet to review gas prices on Jan 29
THE pending revision of natural gas prices will be discussed at the next meeting of Group of Ministers (GoM) appointed by the Prime Minister to review gas prices, on January 29, according to Mr Ram Naik, Union Minister of Petroleum and Natural ... More


CETMA meet to study VAT implications
Even as the Government pulls up its socks to bring in a value-added tax (VAT) regime, players in the consumer electronics and durables industry are getting their act together to study the implications that it would have on their respective ... More


SSI sector to focus on market promotion
THE State Government's initiatives and its sustained focus on the IT sector overlooking the strengths of the SSI sector have led to a situation where major investments have been skirted in favour of other sectors in the last five years, according ... More


`Managemantra' to help small-town students
AT least 50 students from management schools in Tamil Nadu are expected to walk away with job offers in their hands in the CII-sponsored `managemantra' event, to be held here on Friday and Saturday. In a bid to expose corporates to the ... More


Stringent norms for community radio services
THE Government is taking adequate safeguards before offering community radio licences by referring all applications to the Home, Defence, Human Resources Development and External Affairs Ministries, besides the Wireless Advisor in the Telecom ... More


Hebbal industrialists seek special package
BANGALORE: Hebbal Industrialists Association has sought a special package of assistance from the Centre to develop the area as a `Growth Centre' to give an impetus to faster industrial development. The Association representing a cluster ... More

FAPCCI pact with Irish chamber
HYDERABAD: The Federation of Andhra Pradesh Chambers of Commerce and Industry has signed a MoU at Bangkok with the Chambers of Commerce of Ireland to exchange information and delegations between the two. The President of FAPCCI, Mr ... More


Textile machinery units seek changes in duties
The industry, in a pre-Budget presentation, has asked for an 8 per cent excise duty rate for all textile machinery, including raw materials, components and accessories which can lead to zero per cent over the next 2-3 years. More


Aeronautical policy vital, says Kalam
THE President, Dr A.P.J. Abdul Kalam, has emphasised the necessity of putting in place a national aeronautical policy. At the 54th annual general meeting and international seminar on `Indian Aviation — Challenges & Prespectives' here, he ... More


Granite sector for leases in mining
THE granite industry has urged the Tamil Nadu Government to introduce the Granite Development and Conservation Rules of the Government of India. Unlike Tamil Nadu, States such as Andhra Pradesh, Karnataka and Orissa have such a rule and grant ... More


The Mail on its way out
Demolition under way at one of Chennai's landmark buildings `The Mail' on Anna Salai on Wednesday. `The Madras Mail', founded in 1868, was a British-owned evening daily and the leading newspaper in the Madras Presidency. It closed down in ... More


Industries told to tap WTO norms to boost exports
INDIAN industries should focus on the competitive advantage offered by the WTO regulations, the Tamil Nadu Governor, Mr P.S. Ramamohan Rao, has said. Inaugurating the two-day regional industry seminar, organised by the Department of ... More


Karnataka plans new recruitment policy for doctors
BANGALORE: The State Government has hinted that it will come up with a new recruitment policy for doctors to serve in the rural sector. The indication came from the Minister for Health Family Welfare, Mr K. Thimmappa, who said the ... More


SEZs planned for hardware sector
BANGALORE: The Government was planning to set up special economic zones for the rapid growth of electronics and hardwire sector. The government proposes to set up two more SEZs this year on the lines in Hassan for manufacturing ... More


Engineering goods fair
COIMBATORE: A buyer-seller meet for engineering goods is being organised by the Coimbatore District Small Industries Association (Codissia) and the Engineering Export Promotion Council (EEPC), Southern Region, Chennai in Coimbatore on ... More


NRI gesture for alma mater
BANGALORE: A group of seven University Visvesvaraya College of Engineering (UVCE), one of the oldest institutions in the country, have decided to help the institution with contributions for renovation and other upliftment. Though ... More


Wheat exports to Iraq to resume
FOODGRAIN exporters on Wednesday claimed that exports of wheat to Iraq will resume soon and the problems regarding quality and cleaning facilities at Indian ports have been fully sorted out. According to Mr Anil Agarwal, Co-Chairman of ... More


`Herbal treatment must supplement primary care'
GOVERNMENTS should take immediate steps to introduce traditional medicine as a supplement to primary health care, especially since herbal medicine is the first level of contact for rural people in the hour of emergency, according to Dr S. ... More
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