Financial Daily from THE HINDU group of publications
Friday, April 04, 2003
Markets (April 3)
BL 2501060.55 (+11.83)
BSE Sensex3151.16 (+34.17)
S&P CNX Nifty1009.15 (+9.75)
Dollar (Buy/Sell)47.36/47.49
Gold Std (10 gm)5155

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Will the war serve US interests?
Analysts believe that the single-most plausible motive for the US and the UK waging war against Iraq is to protect the interests of their oil companies. And, as for economic consequences, war-related expenditure is unlikely to help the US and the wor ld economy come out of the current recession, says Alok Ray More

The economic cost of war
THE death estimates put out by various international health professionals for the Iraq war are shocking. It is predicted that 1,00,000-3,00,000 people will die during the war and its aftermath. The number could be much more. One also needs to ... More

War, business and the world order
GRAVE doubts of costly miscalculations have begun to haunt Pentagon war planners within 10 days of launching the offensive to remove the Saddam Hussein regime, as US-British forces encountered determined resistance from Iraqi troops and ... More

Fewer factories, more places of worship in Bengal
Firewood is still the major cooking fuel although its use has declined from 32.13 per cent of the household to 30.2 per cent in 2000. Use of LPG has picked up considerably although its use still remains restricted to the urban areas. More

Vision 2020 document to be revisited — AP to prioritise goals: Ramakrishnudu
`There have been huge fluctuations and sectoral imbalances. So we plan to revisit the vision document to chart out a roadmap to help us prioritise our goals.' More


Sweden wants India to cut red tape
SWEDEN said that India should have a rethink of its stand at the Doha meet of the World Trade Organisation on transparency in government procurement and trade facilitation. "We must have a broad-based approach which benefits all," the Sweden ... More


Pegasus Foundation initiates programme on healthcare ethics in Karnataka
ETHICS should form an integral part of medical science and with the ever-increasing expectations of patients, personnel involved in healthcare profession should be well equipped to meet the emerging challenges of ethics and legal issues connected ... More


Kolkata's business district may undergo sea change
THE riverfront hub of Kolkata's business district is set to undergo a sea change if recommendations tabled by a British waterfront mission are followed. Representatives of the mission on Thursday presented a synopsis of their draft report on an ... More


Jaswant promises no `shocks' in oil prices
THE Union Finance Minister, Mr Jaswant Singh, today assuaged fears of oil prices shooting up because of the war in Iraq. Mr Singh reassured a gathering here that volatility in crude oil prices has already been absorbed by the country and the ... More


NPPA fixes price for erythromycin estolate
THE National Pharmaceutical Pricing Authority (NPPA) has for the first time fixed prices for the anti-bacterial erythromycin estolate formulations, while simultaneously revising prices of 39 other formulation packs including asprin tablets, ... More


Dabhol offshore lenders vote for termination of power purchase pact
A release issued by representatives of the offshore lenders cited lack of progress towards "viable restructuring'' of the 2,184-MW power project, which has been lying shut since June 2001, as one of the reasons for the "reluctant'' decision. More

Rise in power tariffs fail to reduce subsidy burden in Karnataka
One of the major reasons for the escalation in the subsidy bill was that the State-owned utilities have been unable to improve their realisations and curtail expenditure. More


Minister assures excise relief to garment makers
THE Minister for Small-Scale Industries, Dr C.P. Thakur, will meet the Union Finance Minister, Mr Jaswant Singh, to emphasise on the need to withdraw the proposed 10 per cent excise duty on readymade garments. Dr Thakur gave this assurance ... More

Claim on Cenvat duty credit — April 7 deadline set for textile producers to declare stock
THE Central Excise Department has set April 7 as the deadline for declaring textile goods in stocks by producers seeking to claim the Cenvat duty credit on their stocks as on March 31. The Department of Revenue in the Finance Ministry, which ... More

  • Garment trade to continue protest


    Nihilent package for SMEs
    The company has done beta testing of the applications in the last four months, and the product is likely to be launched in a month. More


  • Water level declines further in Kerala


  • Revision class for CA students


    Auto components sector expects 10 pc growth
    THE domestic auto component industry is hopeful that its business will grow by10 per cent in the next six months, according to a survey by the PHD Chamber of Commerce and Industry. The survey, conducted among component makers in Haryana and ... More


    Birla Heart Centre in Bengal to expand facilities
    THE B.M. Birla Heart Research Centre, located here, has planned an outlay of around Rs 20 crore for establishment on new facilities, upgradation and extension of some existing facilities to new areas. According to Mr M.L. Pachisia, member of ... More


    Duty waiver for Gujarat housing inputs extended
    CEMENT and steel supplied for reconstruction or repair of private buildings in earthquake-affected areas of Gujarat would be exempted from excise duty for one more year i.e until March 31, 2004. A massive earthquake measuring 6.9 on the Richter ... More


    CPPRI signs MoU with Swedish counterpart
    THE Central Pulp and Paper Research Institute (CPPRI) has entered into a memorandum of understanding (MoU) with its Swedish counterpart STFI during the just-concluded Indo-Swedish Joint Commission meeting ... More


  • Study on biotech industry


    Financial bids likely in June for Punjab Tractors
    THE financial bids for Punjab Tractors are likely to be invited in the first week of June. "The diligence period is expected to take about two months, because of the large number of bidders involved in the process and particularly due to the ... More

    Karnataka Antibiotics, CIL arm mooted for sell-off
    THE Disinvestment Commission has recommended sale of 49 per cent stake in Central Mine Planning and Design Institute Ltd (CMPDIL), the mining consultancy arm of Coal India Ltd, to a private strategic partner after hiving it off into an ... More

  • Kerala Govt share in Roots equity


    SAB among FDI plans cleared
    THE Finance Minister, Mr Jaswant Singh, on Thursday cleared 52 foreign direct investment (FDI) proposals amounting to Rs 321 crore. These include proposals from Principal Financial Group, South African Breweries, AB Electrolux and Caterpillar ... More


    India submits service sector `request list' to WTO members
    INDIA has submitted a "request list" on service sectors of interest to the country to a number of member countries of the World Trade Organisation (WTO). According to the Annual Report 2002-03 of the Department of Commerce released here, the ... More


  • Kerala: Houses for poor families


    Nabard sanctions Rs 928 crore
    NABARD has sanctioned over Rs 928 crore under the Rural Infrastructure Development Fund VIII for 22 States across the country. With this, the cumulative sanctions to 25 States under RIDF VIII during the year 2002-03 have reached the level of ... More


    Offshore staff help forex kitty boom
    IF all our migrant workers slogging offshore don't end up in jails for visa problems but keep sending in remittances, we would need less external debt. This much can be surmised from a new report from the World Bank, titled Global Development ... More


  • Thiruvananthapuram Engagement


    Ayurveda could be included in armed forces medical system
    THE Union Government would consider including Ayurveda in the medical treatment system of the defence forces if projects were submitted after conducting scientific studies and evaluation of the traditional system of medicine, according to Mr O. ... More


    War and virus take toll on global meets
    THE war in Iraq combined with the killer flu in Asia has dealt a body blow to the domestic travel, conference and tourism industry. Reeling under the impact, several international conferences that were to be held in the country are either being ... More

    APTDC revenues set to touch Rs 33 crore
    WITH impressive growth rates of above 75 per cent since fiscal 1999-2000, the Andhra Pradesh Tourism Development Corporation (APTDC) has been catapulted to the top three performing State Corporations in the country with revenues set to touch Rs ... More

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    Top Stories
    75 pc drop in corporate travel to South-East Asian countries — Chennai airport begins SARS screening

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    `India has all interest in Lanka peace' — Mr Lakshman Kadirgamar, former Foreign Minister of Sri Lanka

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    Ajit slams high interest rates for farm sector — `Subsidies at input levels help make prices competitive'

    Will the war serve US interests?

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    In Focus
    Run-up to Budget
    Kelkar Report
    Bottled water: How safe is it?
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    Housing Fin. rate war: Bonanza for consumers!
    NPAs in Banking
    In Depth
    Simple Economics
    Consumer Notes
    Tax Talk
    The Brahmananda collections
    NRIs & Investment Avenues
    Corporate Governance
    Gold: Still the winner?
    Cars: Always a beauty
    Books and Reviews
    Looking back
    Mar. 23-Mar. 29
    Iraq conflict unlikely to boost Gulf states' defence spending

    Banks given more leeway to finance divestment

    India emerges global R&D base for MNCs

    Conditional access — many queries still unanswered

    Banks refuse refinance support to State PSUs

    Manufacturing does better by its employees

    Divestment of oil PSUs gets SC nod

    `FBTR: We had to cross many a hurdle' — Mr S.B. Bhoje, Director, Indira Gandhi Centre for Atomic Research

    Fallout of Iraq war — Power purchase cost of South plants set to soar

    TDS on fare differential — Travel agents get notice

    War creates a gulf for mango exports to W. Asia — Alphonso may come for a song in domestic market

    `Indian N-reactors set new global benchmark'

    Motorcycle sales slow down

    No service tax exemption on forex earnings, says CBEC chief — Relook at excise on branded edible oils

    NCAER survey pegs car demand growth at 8 pc

    FDA move likely to hit food products export — Trade sees prior information norms `impractical'

    New excise system makes steel dearer to consumers

    Spinners wake up to falling cotton yield

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