Financial Daily from THE HINDU group of publications
Monday, March 03, 2003
INDUSTRY & ECONOMY
RESEARCH & DEVELOPMENT
Textile research bodies' conference
COIMBATORE: The 44th joint technological conference of the country's four premier textile research associations (TRAs) will be held on March 8 and 9 at South India Textile Research Association (SITRA) here. The conference to be held ... More
Auto industry gears to tap opportunity Bangalore to host meet on telematics
Telematics in the auto industry alone has great opportunities, touching a range of functions like engine performance monitoring, emission level measurement, transmission control, navigation, safety and remote diagnostics. More
Growth-oriented Budget: SIAM chief
Education tax: `Giving with one hand, taking with the other'
`Acquiring quality education for the middle class is becoming an increasingly difficult proposition. We will now have to pay a premium for the coaching classes also.' More
`Debt swap scheme to strengthen State finances'
Consumer electronics industry feels let down
DESPITE sops being given to certain segments of the consumer electronics industry in the Union Budget 2003-04, the captains of the industry are far from happy. Mr Rajeev Karwal, President of the Consumer Electronics and TV Manufacturers ... More
`Scope to expand Indo-German trade'
THE possibilities for boosting trade ties between India and Germany are bright, said Dr Dietrich Kebschull, Director, Indo-German Export Promotion Project (IGEP). In areas such as jewellery manufacture, India can be an extremely competitive ... More
German President to visit Hyderabad
TN urban bodies using pooled finance to tap debt market
For the Water and Sanitation Pooled Fund, registered as a trust by the Tamil Nadu Government, the Tamil Nadu Urban Infrastructure Financial Services Ltd will act as the trust manager. More
PSEs seek exemption from dividend tax
PUBLIC sector enterprises (PSEs), especially the large profit-making ones that are entirely Government-owned, are slowly realising the burden that the 12.5 per cent dividend distribution tax may impose on their business operations and cash flows. ... More
LPG, kerosene subsidy to make the consumer pay
ON the face of it, the Budget has proposed a 45 per cent increase in the subsidy on kerosene and LPG to Rs 6,300 crore this fiscal over the previous year's figure. However, if last year's global oil market conditions prevail this year too, and ... More
Vijayawada thermal plant gets CEA nod
The thermal power unit is based on super-critical technology that improves the efficiency of the plant by about 2.5 per cent compared to the existing sub-critical technology. More
VAT's the matter
It is more than unfortunate that the issue of VAT is not being adequately debated in the Legislative Assembly. There are opposing views on the role and significance of VAT. More
Karnataka's share in Central taxes pegged at Rs 3,145 cr
Kolkata textile traders unhappy over VAT
If VAT is to be introduced, it should be done on items which are already under the ambit of sales tax in the larger interest of administration, smooth distribution and consumer interest. More
Dereservation of 75 SSI items flayed
THE reaction to the Union Budget 2003-04, is mixed. While there is an overall appreciation among the trade and industry circles here over the effort to put money in the hands of the consumers on the one hand and take bold and pragmatic steps to ... More
Budget disappoints SSI sector
TN: Applications invited for SSI award
Vizag civic body nod for water project
THE ground for executing the Rs 340-crore Visakhapatnam industrial water supply project has been prepared, with the Vizag municipal corporation passing a resolution unanimously this week to participate in the project. The project to be ... More
`More funds for railway manufacturing units'
Thrust had been given in the Budget to attract freight and passenger traffic and hence the fares were not increased. The railways wanted to compete with the roadways and as well as the airways. More
MINING & QUARRYING
KIOCL bid to get mining lease
MANGALORE: In its attempts to ensure its survival after it stops mining in 2005 as per the orders of the Supreme Court, Kudremukh Iron Ore Company Ltd (KIOCL) is continuing to try and get a mining lease for the Ramanadurga deposits in the ... More
Jaswant moves on from Kelkar
FOR all intents and purposes, the Kelkar committee report is now a closed chapter as far as the Government is concerned. Whatever recommendations were practical, such as over 90 per cent of the recommendations on indirect taxes as also the ... More
`Excellence should become a byword for what India does'
EXPORTS & IMPORTS
More I-T sops on anvil for global exporters
EXPORTERS who were agonised over the absence of relief on the phase out of tax exemption of export profits under certain provisions of the Income Tax Law have some cause for cheer. The Finance Bill, 2003 has a new provision that would in ... More
`Tap traditional knowledge for development'
KERALA, which is known the world over for its traditional knowledge systems such as Ayurveda, must learn to leverage these age-old practices to ensure sustainable development, said Dr D.N. Tewari, Member of the Planning Commission. He was ... More
KTDC improves fiscal performance
THE public sector Kerala Tourism Development Corporation (KTDC), which owns the largest hotel chain the State, has braved the recession in the global economy to come up with improved performance during the first three quarters of the current ... More
`Nothing much for tourism sector in Budget'
Mammen Mappillai passes away
MR K.M. Mammen Mappillai, Chairman and Managing Director, MRF Ltd, died in a city hospital this evening following a brief illness. He had undergone a heart surgery a week back. He was 80 and is survived by his wife, two sons and a daughter. His ... More
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