Financial Daily from THE HINDU group of publications
Friday, February 28, 2003

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`Core' investment is key: Survey
`Prune untargeted subsidies, economise wages and salaries'

THE pre-Budget Economic Survey has argued for restructuring expenditure in favour of public investment in infrastructure, both physical and social, even while emphasising the need to step up progress in the field of fiscal consolidation. It, ... More

GoM clears hike in FDI cap for aviation, telecom
A DAY before the presentation of the Union Budget, the Group of Ministers (GoM) on foreign direct investment today cleared the proposal to hike the limit in several sectors including petroleum and natural gas, civil aviation and ... More

PSU per capita wage bill zooms
EVEN as the employment base of the public sector has been declining since liberalisation in the early nineties, this has not stopped the wage bill from ballooning. As per the latest estimates of public sector emoluments presented in the ... More

HPCL board okays ONGC's takeover of MRPL
THE board of Hindustan Petroleum Corporation Ltd (HPCL) today approved Oil and Natural Gas Corporation's (ONGC) takeover of Mangalore Refinery and Petrochemicals Ltd (MRPL), where HPCL will have a 16.9 per cent stake after the takeover and ... More

Budget: `Private' meat vs `public' poison
`ONE man's meat is another man's poison.' That might well be true of the country's public and private sectors of the economy as they await the Finance Minister tax proposals in the Budget that he would present the nation on Friday. The private ... More

6-point agenda for industrial growth outlined
IN what could be pointers towards a series of initiatives to foster industrial growth that are likely to be announced in the Union Budget for 2003-04, the pre-Budget Economic Survey has outlined a six-point strategy including movement towards a ... More

Survey gives clues to Jaswant's Budget
WITH the Finance Minister, Mr Jaswant Singh, all set to lay bare his first Budget on Friday, the pre-Budget Economic Survey (2002-03) has given an inkling as to what would be the Budget's components to sustain the feel-good factor and industrial ... More

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