The Hindu Business Line : Saturday, February 22, 2003

Toy cos bag $2-m orders despite European protests
To counter negative publicity, Indian companies donated toys to underprivileged children in Nurnberg. More

NON-CONVENTIONAL ENERGY

`Wind energy potential yet to be fully tapped'
THE Union Minister of State for Non-Conventional Energy Sources, Mr M. Kanappan, on Friday called upon wind energy producers to bring down the production costs by leveraging technology. He was speaking after inaugurating the Karnataka State ... More

LOTTERY

Essar gets set for online lottery foray
STEEL and shipping major Essar is getting set to be the next big player in the mega-buck online lottery business. It will be managing the electronic gaming scene through its telecom arm, Essar Teleholdings, which holds 10 per cent stake in ... More

BUDGET

Budget speech to be short & sweet
WHILE it is still unclear whether — rather, to what extent — Mr Jaswant Singh will bite the `Kelkar bullet' on B-Day, one thing is almost certain: the Finance Minister's maiden Budget presentation on February 28 will be a `short and ... More

CEMENT

Sharpen export edge in cement: Exim Bank
With the global economic prospects looking more positive for year 2003, it is high time India positioned itself for exporting cement using surplus capacity. More

ECONOMY

FICCI team joins PM for NAM meet
FICCI has sent a high-power business delegation accompanying the Prime Minister, Mr Atal Bihari Vajpayee, to participate in the Non-Aligned Movement (NAM) Business Forum on South-South Cooperation at Kuala Lumpur from February 23, being held in ... More

India asked to follow China in manufacturing reforms
In order to ensure the revival of manufacturing sector, McKinsey has urged the Union and the State Governments to take a series of policy initiatives, which include simplification of indirect taxes on manufacturing. More

ENVIRONMENT

Bamboo development plan ready
The State will initiate measures to increase the resource base through modern practices such as tissue culture and biotechnology and will encourage people to grow bamboo with incentives and buy-back arrangements. More

FOREIGN TRADE

EC keen to raise bilateral trade
THE European Commission (EC) wants to increase bilateral trade with India from the existing level of 15-billion euro to 35-billion euro by 2005 and then further up to 50-billion euro by 2008. This was announced by Mr Stefano Gatto, Head of ... More

HEALTH

CSIR in pact with Indigene Pharma
THE Council of Scientific and Industrial Research (CSIR) has joined hands with Indigene Pharmaceuticals, a bio-pharmaceuticals company to deliver safe and cost-effective medicines and an agreement to this effect was formalised here ... More

PETROLEUM

ONGC irons out crude supply pact with HPCL
WHEN an exploration company, Oil and Natural Gas Corporation (ONGC), enters the refining business through acquisition of Mangalore Refineries and Petrochemicals Ltd (MRPL), domestic refiners like Hindustan Petroleum Corporation Ltd (HPCL) have ... More

New norms soon for petrol pumps on highways: Khanduri
THE Union Government will issue fresh guidelines within a month for setting up petrol stations along national highways, the Minister for Road Transport & Highways, Mr B.C. Khanduri, said here on Friday. During a meeting with the Union Petroleum ... More

Aviation meet calls for thrust to energy security
AMIDST a global hike in crude prices, the 12th International Aviation Conference has stressed the need for energy security and development of alternate fuels for the aviation sector. Inaugurating the two-day conference, Mr M.S. Ramachandran, ... More

POWER

SC ruling on power subsidy to affect TNERC decision
THE industries in Tamil Nadu, which have for long been seeking an end to the cross subsidy of power in the State, have got a boost with the Supreme Court expressing itself in favour of government bearing the cost of subsidised power supply to any ... More

TNEB may not be restructured — Govt to stress on boosting operational efficiency
`The problems of the electricity board can be traced to unviable tariffs and this will be overcome to a great extent once the TNEB's tariff revision petition is approved by the electricity regulatory commission.' More

Bengal plea on ERC tariff order opposed
THE Bharat Chambers of Commerce (BCC) has opposed the appeal filed by the State of West Bengal challenging the order of Electricity Regulatory Commission (ERC) in the court of Mr Justice A.N. Roy and Mr Justice H. Bannerjee of the Calcutta High ... More

Karnataka: Rally against power privatisation

TEXTILES

Bandage making units told to market jointly
THE bandage cloth manufacturing units at Chattrapatti near here have been advised to promote a single marketing company to meet competition arising out of increased pressures of Globalisation process. At a seminar on `Cluster development', ... More

SSI

KVIB to sell organically grown spices

RADIO/TV

The art of getting it spot on for the radio
SIX years ago when his creative director benevolently gave him a guide book on FM Radio, Mr Manoj Choudhury, Creative Director, Mudra, Bangalore, chucked it without a thought. Today, he confesses, he's desperately looking for it. Creative ... More

REAL ESTATE & CONSTRUCTION

`Design Sutra' in Mumbai
MUMBAI: India has been chosen by the International Federation of Interior Designers and Architects (IFI) to host its annual congress. Entitled `Design Sutra', it will feature exhibitions, seminars, lectures, films and workshops and will ... More

Karnataka Govt firm on stamp paper ban

SCIENCE & TECHNOLOGY

Task force may look at alternatives to animals in research
THE Government has mooted an inter-disciplinary task force to draw up an action plan for the progressive reduction in the use of animals for medical and other experiments and refinement of experimental methods to reduce pain of such animals. ... More

`Indigenise defence tech'
VICE-ADMIRAL Raman Puri, Flag Office Commanding-in-Chief, Eastern Naval Command, Indian Navy, has stressed the need for pursuing a cautious approach in granting unrestricted entry to foreign companies in the name of acquiring technology for the ... More

FOREIGN DIRECT INVESTMENT

GoM meet on FDI deferred, likely next week
THE meeting of the Group of Ministers (GoM) on foreign direct investment (FDI), which was scheduled for today to consider revision in foreign investment limits, was deferred owing to lack of quorum. According to a Finance Ministry ... More

RURAL DEVELOPMENT

Ministry flays States for not utilising funds
THE Union Ministry of Rural Development has flayed States that have failed to utilise the funds already released by the Centre. Addressing the Secretaries of Rural Development and Heads of State Institutes of Rural Development at the ... More

EVENTS

Cidex gets under way
CIDEX, a joint venture initiative of Messe Dusseldorf and KolnMesse International, got of to a colourful start at the HITEX grounds, with the Chief Minister, Mr N. Chandrababu Naidu, making a short swift copter visit to address the inaugural ... More

EXPORTS & IMPORTS

Exporters urged to make use of Exim Bank's credit facility
A $200-million line of credit to Iran (recently given), $60 million to Latin American countries, $50 million to China — the list of such facilities extended by the Exim Bank of India is quite long. Indian exporters must make good use of ... More

TOURISM

Kerala wins PATA award
KERALA has won the Pacific Asia Travel Association's (PATA) 2003 `Gold Award' for tourism marketing, the first State in the country to bag this award, Mr Alkesh Kumar Sharma, Director, Department of Tourism, said in a press release. The State ... More

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