The Hindu Business Line : Tuesday, April 29, 2003

ADB says 6 pc growth possible
Stating that the outlook is for a "robust recovery based on resumption of trend agricultural performance and continued buoyancy in industry and services", the ADB said the Government could help guide the economy back to a high growth path through an aggressive fiscal adjustment programme and other reforms. More

ENVIRONMENT

The lost lagoon?
Fishermen cast their nets for shrimps at the Chilika Lake in the Ganjam district of Orissa. The Chilika Lake is the largest lagoon on the east coast. The 116,500-hectare brackish lagoon is separated from the Bay of Bengal by a long sandy ridge. ... More

Kochi aims to be a `green' city
THE Paristhithi Bhavan project launched by the Kochi Corporation has envisaged projects aimed at turning Kochi into an eco-friendly urban society. As part of the project, several core committees have been formed and had initiated discussions ... More

Medical waste is big business in AP
Unlike domestic garbage, medical wastes can be lethal unless effectively handled and disposed of, as it may contain harmful organisms and disease-causing agents. More

HEALTH

Beware of SARS ... Be aware of masks!
A surgical instruments shop stocking up SARS (Severe Acute Respiratory Syndrome) masks in Chennai. Even though no suspected case of SARS has been reported in Chennai, imported and local masks are available in the market. One such shop sold more ... More

PETROLEUM

ONGC pulled up for `excessive' handling capacity
OIL and Natural Gas Corporation (ONGC) has been criticised by a Parliamentary panel for creating excessive crude handling capacity in Assam, and that too at costs way above estimates. According to the Committee on Public Undertakings, the ... More

PHARMACEUTICALS

Fresh look at plan for drug authority
THE Government is said to be revisiting a plan to set up a National Drug Authority (NDA), an autonomous regulatory authority, on the lines of the Telecom Regulatory Authority of India (TRAI) or the Insurance Regulatory and Development Authority ... More

POWER

KREDL to add 200 MW capacity each year
"Though Karnataka has the potential to develop upto 7,500 MW of hydroelectric projects, only 2,397 MW has been exploited." More

APTransco's PPA with BAPL okayed
THE Andhra Pradesh Electricity Regulatory Commission (APERC) has cleared the power purchase agreement entered into by BSES Andhra Power Ltd (BAPL) and the Transmission Corporation of AP (APTransco). This would pave way for BAPL to achieve ... More

State Bank not to book accrued interest on Dabhol project loans
STATE Bank of India will not be booking accrued interest this year on overdue loans to the Dabhol Power Company (DPC). Besides, the country's largest commercial bank, which has an exposure of more than Rs 1,000 crore in the 2184-MW power ... More

Bengal power consumers to oppose new Bills
THE All-Bengal Electricity Consumers Association has chalked out an agitation programme to protest the recent Central and State-level enactments pertaining to the electricity sector as well as the enhanced electricity tariff. The Association ... More

New power network inaugurated
THE Karnataka Chief Minister, Mr S.M. Krishna, inaugurated a new power transmission network of 220-110 kV multi-circuit lines from Khemar to Guruvayanakere in the Belthangady taluk of Dakshina Kannada district on Sunday. The network, said to ... More

TEXTILES

Cenvat declaration deadline extended for textile sector
THE Finance Ministry has again extended the deadline for submission of written declaration on the quantity and value of stock of inputs, as on March 31, 2003 held by different segments of the textile industry that have been brought under the ... More

TN: Powerloom weavers look to Jaswant for easing Cenvat
The stalemate in the weaving centres has, in turn, affected badly the cotton yarn off-take and industry sources say that it will take at least another week or so for the weaving centres to resume full operation. More

WATER

First water train rolls into dry Saurashtra
THE drought-hit villagers of some 72 villages in Saurashtra heaved a sigh of relief as the first `water train' — 70 rakes each carrying 25,000 litres of water — set off from here on Monday morning. And if the summer of 2003 ... More

Water level in Kerala reservoirs down

MANAGEMENT

A finishing school for tech professionals
THE Pearl City Chapter of Pennsylvania-based Project Management Institute (PMI), an initiative promoted by technology professionals to finetune management skills, has drawn up plans to enhance its footprint by offering management and technology ... More

RADIO/TV

Star, SCV stand-off ends
EXACTLY a month after the Star group switched off its bouquet of channels from the Sun group-controlled Sumangali Cable Vision (SCV) platform in Chennai, the two groups seemed to have worked out a deal, with Star agreeing to distribute its ... More

IBF stands by CAS deadline
DESPITE differences between free-to-air broadcasters and pay channels, the board of the Indian Broadcasting Foundation (IBF) on Monday reiterated that the July 14 deadline for implementation of a conditional access system would be met. Top ... More

EDUCATION

Standing tall among B-schools
THE Indian Institute of Social Welfare & Business Management (IISWBM), Kolkata, was earlier known as the All India Institute of Social Welfare and Business Management. Founded in 1953, it was christened IISWBM in 1958. The institute celebrated ... More

LEATHER

Due to strict pollution norms — TN tannery units mull shifting base to AP
THE Tamil Nadu-based tanners are examining the viability of relocating their units to Andhra Pradesh following differences with the State government over pollution norms. According to a press release issued by The All-India Skin and Hide ... More

INDUSTRY ASSOCIATIONS

Overall biz confidence index down, says FICCI survey
REPERCUSSIONS of the Iraq war, postponement of changeover of value-added tax (VAT), truckers' strike and the rapid spread of Severe Acute Respiratory Symptom (SARS), the lagged drought effect and the resultant cost pressures have been highlighted ... More

CII drive for revival of manufacturing sector
THE Confederation of Indian Industry is organising a national debate throughout its entire network in the country to create awareness on the need for reviving the manufacturing industry. It will be addressed by Dr C.K. Prahalad, Harvey C. ... More

CII debate on manufacturing industry
IN a bid to set an agenda for the promotion of manufacturing industry, the Confederation of Indian Industry (CII) is organising an interactive national debate on April 30 throughout its network in the country "to create an awareness about the ... More

SCIENCE & TECHNOLOGY

ISRO bets big on two new remote satellites
TWO upcoming remote sensing satellites may enable India to capture a bigger pie in the global earth imagery market. The market is simply burgeoning with several public and private sector users. ISRO's key projects — Resourcesat (IRS-P6) ... More

NEWSPAPERS & PUBLISHING

Publishers' body to start certificate course
WITH the GATT regime to bring in a host of foreign publishers, the Rs 7,000-crore domestic publishing industry is moving fast forward to become more professional and competitive. Despite the spread of the electronic and information technology ... More

IPR

Workshop on IPR, globalisation

HUMAN RESOURCES

In search of greener pasture..
Migrant labourers from neighbouring Tamil Nadu and Karnataka assemble at Thrissur Junction on Monday. Migrant labourers, who constitute a major workforce in the State, were earlier paid less than their local counterparts but now the wages have ... More

EVENTS

CII takes Jaswant absence in its stride
IF India Inc was unhappy with the last-minute regrets sent by the Finance Minister, Mr Jaswant Singh, for not being able to attend the inaugural session of the annual general meeting of the Confederation of Indian Industry (CII), the corporates ... More

`Indian industry should evolve new paradigm'
IF India is to have a say in the global economy, it has to grow at a rate of about 10-15 per cent and create 10-15 million jobs annually, according to Prof C.K. Prahalad, management guru. He was speaking at the inaugural session of the national ... More

TN to draft sustainable land, water use policy
CONSIDERING the urgent need for land-use planning to prevent further degradation of this invaluable resource, the State Planning Commission is in the process of developing an action plan for sustainable land and water resource-use and ... More

`Work as India Inc on Iraq projects'
INDIAN companies can get a chunk of the expected $400 billion to be spent on the reconstruction of Iraq but must guard against "internecine conflicts" aimed at under-cutting each other, a senior External Affairs Ministry official said ... More

Meet on endoscopy

Hyderabad engagements

INCOME TAX

IT returns filing date extended to Sept 30
THE Government on Monday extended the last date for filing the income-tax returns for 2002-03 to September 30. The extension has been offered despite provisions in the IT Act envisaging that annual returns for tax deducted at source (TDS) under ... More

NRIs plea to retain tax benefits
NON-RESIDENT Indians in the UAE have sent a representation to the Finance Minister, Mr Jaswant Singh, to retain the present tax benefits for returning NRIs and not abolish the non-ordinarily resident (NOR) status. The UAE-based Pravasi Bandhu ... More

EXPORTS & IMPORTS

Exports top $50 b in `02-03
THE country's exports have crossed the crucial milestone of $50 billion during the fiscal 2002-03 touching $51.7 billion. This has injected optimism about hitting the target of one per cent share in world exports before the year 2007 if the ... More

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