Financial Daily from THE HINDU group of publications
Friday, July 04, 2003
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INDUSTRY & ECONOMY

CLIMATE & WEATHER


Renewed optimism over monsoon
THE progress of monsoon in north-western India and further into Pakistan this weekend and into early next week could well be interpreted as a good augury for the continued and sustained rain activity over the subcontinent, according to an ... More

NON-CONVENTIONAL ENERGY


Suzlon setting up small wind energy turbines in Tirupati
THE Gujarat-based renewable energy company, Suzlon, is setting up a string of small wind energy turbines atop the holy Tirumala hills in Tirupati. Civil works for the one-MW each, six units of the wind power project have already begin and the ... More

ANTI-DUMPING


Dumping duty on fused magnesia imports lifted
THE Finance Ministry has now annulled its earlier order that imposed a definitive anti-dumping duty on fused magnesia imports from China. This move of the Revenue Department comes on the back of the recommendation of the Designated Authority in ... More

Dumping duty mooted on potassium dane salt imports
THE Designated Authority in the Commerce Ministry has recommended imposition of definitive anti-dumping duty on import of D(-) para hydroxy phenyl glycine methyl potassium dane salt (PHPG) originating in or exported from China and Singapore. In ... More

COURTS/LEGAL ISSUES


Karishma case: Appeal against order admitted
A DIVISION Bench of the Calcutta High Court comprising Mr Justice Ajoy Nath Ray and Mr Justice J. Banerjee on Thursday admitted the appeal filed by Mrs Barbara Taylor Bradford, challenging the order of the Trial Court, which vacated the earlier ... More

FOREIGN TRADE


British Minister stresses on IT ties with India
THE British Minister of State for Trade, Mr Michael O'Brien, while emphasising on the need for India and the UK to further cooperate in the information technology sector, noted that 60 per cent of work permits would go to India. Addressing ... More

INFRASTRUCTURE


US grant for TN sanitation study
THE US Trade and Development Agency has granted $300,000 to the Tamil Nadu Urban Infrastructural Financial Services Ltd to fund a feasibility study on the proposed Tamil Nadu Water and Sanitation Infrastructure Projects, according to a press ... More

PSU


`GoM move on clearing of CPSU workers' dues paying'
THE Group of Ministers (GoM) on payment of outstanding statutory dues of employees in the Central public sector undertakings have set up a roadmap to address this issue expeditiously. Talking to newspersons here after the meeting, the Chairman ... More

POWER


Delhi power reforms on right track: Minister
THE Delhi Minister for Transport, Power and Tourism, Mr Ajay Maken, on Thursday said that the privatisation of the power distribution sector initiated last year has yielded encouraging results. Addressing a meeting on `Delhi power reforms: ... More

STEEL


Steel PSUs asked to guard against global price swings
THE members of the Steel Consultative Committee have urged the public sector units (PSUs) coming under the Steel Ministry to be on guard against the international price fluctuations. The members have also proposed to strengthen the welfare ... More

TEXTILES


Synthetic textiles exports cross target
THE Synthetic and Rayon Textiles Export Promotion Council is on a roll. According to its chairman, Mr Rakesh Mehra, it is probably the only export promotion council in India that has crossed the export target set by the Government this ... More

Meet today on new textile institute
THE 11-member board of governors of the Sardar Vallabhai Patel Institute of Textile Management, sponsored by the Ministry of Textiles (MoT), which is meeting here tomorrow, will discuss the building infrastructure needs of the new institute. ... More

RADIO/TV


Zone-wise CAS rollout likely in Delhi, Mumbai
IT could well be a staggered rollout of the conditional access system (CAS) if the Government agrees to the recommendation of a zone-wise implementation made by multi-system operators (MSOs) and cable operators on Thursday. According to their ... More

EDUCATION


ICFAI Business School focusing on faculty development
AT the ICFAI Business School, an affiliate of the ICFAI University, a concerted effort is on for faculty development. According to Prof T.R. Venkatesh, Dean, ICFAI Business School, Bangalore, "We are very clear that we are not a teaching shop ... More

KNITWEAR & HOSIERY


Tirupur apparel park to spur new township
THE Netaji Apparel Park (NAP) project for Tirupur which is to come up in the close proximity to the National Highway No. 47 between Perumanallur and Avinashi will spur the momentum for a new township as the proposed park site has been chosen on a ... More

Bright scope seen for socks export
THE availability of abundance of raw material and the technical skill in the operation of hi-tech machines will make India a major outsourcing hub for socks as developed countries look for cost effective sources of supply, according to Mr V. ... More

JUTE


It's `Mission Kishangunj' for jute industry
IT is Mission Kishangunj for everyone in the jute industry, be it private sector mill owner or scientist or bureaucrat. And the reason is simple. The new Union Textile Minister, Mr Shahnawaz Hussain, hails from Kishangunj and he wants his ... More

SCIENCE & TECHNOLOGY


Insats in hot race with foreign rivals
IS the new national satellite Insat 3A — along with its siblings — giving foreign commercial satellites over India a run for their money? So it seems. The Department of Space, which can now market its Insat system capacity among ... More

CINEMA


Drought hits Telugu film industry
`The success of any film hinges on repeat audience. There's no repeat audience for most of the films released recently.' More

EVENTS


Exhibition on hotels, resorts
UNITECH Exhibitions Pvt Ltd is organising the "H&RT Expo 2003" between July 19 and 22 at Chennai Trade Centre. H&RT Expo 2003 is an international exhibition of equipment and services for hotels, resorts and restaurants, bakery and catering ... More

INCOME TAX


I-T Dept launches online system
THE Income-tax Department recently launched an Online Tax Accounting Systems (OLTAS) Pilot Project in New Delhi, Mumbai, Chennai and Kolkata, which will be in operation till July 15. The project is aimed at implementation of a scheme for ... More

TOURISM


`Kerala cannot afford to be complacent on tourism'
DESPITE Kerala's success in the tourism sector and its emergence as one of the world's strongest tourism brands, the State cannot afford to let complacency set in, said Mr T. Balakrishnan, State Tourism Secretary. Addressing the participants ... More

Campaign to promote Australia
SINGAPORE Airlines (SIA) and the Australian Tourism Board (ATC) have launched a new regional promotion campaign aimed at increasing tourist arrivals to Australia. The promotion `Enjoy Australia with Singapore Airlines' targets visitors from ... More

Crumbling heritage
The Thousand Pillar Temple, a popular tourist spot on the Hanamkonda-Warangal Road, seems to be in trouble. A portion of the beautifully carved pillar temple crumbled recently. Star-shaped and triple-shrined, the temple was built in 1163 AD by ... More


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