The Hindu Business Line : Wednesday, March 05, 2003

Expedite anhydrous ethanol production in TN: Oil cos
OIL companies have urged the sugar millers in Tamil Nadu to expedite anhydrous ethanol production to enable launch of the ethanol-blended petrol supply in the State. According to reliable sources, at a review meeting between the sugar millers ... More

BUDGET

Jaswant faces googly at industry meet
IT'S a googly that the Finance Minister, Mr Jaswant Singh, failed to read and deal with in an appropriate manner. The conflicting import duty demands of the users and domestic producers of capital goods stumped the Minister at a post-Budget ... More

`Budget a move away from foreign crutches'
THE significant underlying message in the Union Budget is the Government's confidence in India's ability to deal with challenges on its own, said Mr S. Gurumurthy, All-India Joint Convener, Swadeshi Jagaran Manch, at a press conference here. "I ... More

CEMENT

Cement cos post rise in despatches, production
THE cement majors have reported increase in despatches and production for February 2003 compared to the same period last year. Despatch increases range between 7-plus per cent and 44 per cent. At ACC Ltd, despatches rose 7.9 per cent, to 11.48 ... More

ECONOMY

8 pc growth difficult: PM
THE Prime Minister, Mr Atal Bihari Vajpayee, has admitted that achieving eight per cent growth in the economy may be difficult because of the drought conditions across the country. However, it would not be a difficult task if all the political ... More

Govt hopeful of cutting deficit
EVEN as very little optimism has been built on the revenue estimates for 2003-04, the Government is hopeful of ending the next fiscal with "remarkable" improvement in fiscal deficit. "I hope the economy will reward us with a growth much better ... More

AP hopes to bridge fiscal deficit in 3 years
THE Andhra Pradesh Government will be able to bridge the fiscal deficit in the next two to three years and gradually turn surplus based on the Medium-Term Fiscal Policy charted out by the State Finance Ministry. Stating this in his response to ... More

`Debt-swap will increase State spending'
THE debt-swap scheme introduced by the Centre to enable States to prepay high cost debt and substitute them with current low-coupon bearing small savings and open market loans is in effect a "write down" of the assets side of balance sheet of the ... More

FOREIGN TRADE

Netherlands keen on industrial ties with TN
THE Netherlands Ambassador to India, Mr P.F.C. Koch, called upon industrialists in Tamil Nadu for increased bilateral trade relations between the State and his country. Opportunities for relations could be explored in areas such as agriculture, ... More

HEALTH

Global AIDS fund chief to meet PM, President

HOTELS

Scrap luxury tax: Hoteliers
THE President of the South India Hotel and Restaurant Association (SIHRA), Mr M.P. Purushothaman, has appealed to the Chief Ministers of the four southern States — Tamil Nadu, Andhra Pradesh, Karnataka and Kerala — to consider ... More

POWER

Dwindling coal stock may hit 20 thermal stations
According to a CIL source, the thermal power stations might face coal shortage during the forthcoming monsoon unless they were given an opportunity to build up stocks in the next three months. More

TAXATION

Insurance premia set to go north
INSURANCE premiums, both life and general, are expected to show hefty increases in line with the hike in the service tax rate to 8 per cent announced by the Finance Minister, Mr Jaswant Singh, in the budgetary proposals for 2003-04. The ... More

TEXTILES

Textile awards body gets Govt backing
FOR the textile industry, there has been a string of very good news. First a soft pro-textile-sector Budget that saw the Government give in to a number of textile sector's demands. And now, the Government is lending its support to an industry ... More

Powerloom sector for status quo on optional excise duty regime
THE decentralised powerloom sector has expressed its disillusionment with the Budget proposal to withdraw the optional excise duty regime hitherto enjoyed by the weaving sector. The industry has urged the Government not to extend the ... More

CIGARETTES

Beedi workers' plea
MANGALORE: The Beedi Karmikara Hitharakshana Vedike (Beedi Workers' Protection Forum), under the aegis of the Guruvayanakere-based Nagarika Seva Trust, has asked the Karnataka Government to constitute a committee to study the problems of ... More

EDUCATION

Students with knack for design
THE students of the Centre for Product Design and Manufacturing, Indian Institute of Science, Bangalore, combine two distinct talents: technical capability and creativity. Displaying this at their annual product exhibition, Ripples, the 22 ... More

Showing the way
The Kolkata-based Indian Institute of Social Welfare & Business Management moves swiftly to adopt technology. More

Kerala CBSE schools' appeal

Management meet held

REAL ESTATE & CONSTRUCTION

Beachfront plots losing sheen?
A RETIRED professor of economics got a shock of his life when he found that there were no takers for this beachfront plot on the East Coast Road. The investment, which the learned professor hoped would appreciate over the years, in fact turned ... More

PAPER, BOARD & NEWSPRINT

Paper industry diasappointed
PAPER manufacturers are not enthused about the Budget for 2003-04. Even as they admit that there are many positive steps, a large section of them feel that the Indian paper industry in general does not stand to gain anything from the Budget. On ... More

BIO-TECH & GENETICS

Biogenus, NIO sign pact for blue revolution
BIOGENUS Inc, the Colorado-based biotechnology company and the National Institute of Oceanography (NIO), Goa have signed a memorandum of understanding (MoU) in New Delhi on Tuesday for aquaculture, marine biotechnology and industrial enzymes in ... More

DISINVESTMENT

`Disinvestment process flawed'
AS the Government prepares to go all out on public sector disinvestment during the coming fiscal with a target of raising Rs 13,200 crore, a powerful quarter is quietly losing its cool over the manner in which the process has been unfolding in ... More

EVENTS

Ukraine showcases products
AN Indo-Ukranian exhibition, Induk-2003, showcasing a range of technologies and products from the Ukraine is under way at the International Advanced Research Centre for Powder Metallurgy and New Materials (ARCI), here. About 20 industry ... More

Thiruvananthapuram Engagement

Lecture on post-WTO scenario

INCOME TAX

Call to widen personal income-tax base

TOURISM

Cherai beach to be a star attraction
AS part of its programme to tap the tourism potentials of the State, the State Government is developing the sandy beach at Cherai near here to international standards with modern amenities. The 10-km stretch of the silver sand beach would be ... More

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