Financial Daily from THE HINDU group of publications
Saturday, August 02, 2003
Markets (Aug. 1)
BL 2501349.28 (+9.52)
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US Dollar (Buy/Sell)46.13/46.26
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  • Ex-Servicemen's plea


    Dumping probe on fax paper imports
    The Designated Authority in the Commerce Ministry has initiated anti-dumping investigation into the import of thermal sensitive paper from Indonesia, Malaysia and the United Arab Emirates (UAE). Based on a petition by the sole producer Shree ... More


    Eco group backs HUDA bid to clean up city lake
    FOR a change, an environmental group and the authorities concerned with a development project in the city came to an amicable agreement on cleaning up the mess. The issue was removal of certain obstructions that stood in the way of improving the ... More


    Small spinners blame Cenvat for woes
    EVEN as extending support to the Centre's introduction of the `Cenvat' chain for the textile industries, the small-scale spinning mills under the banner of the South India Small Spinners Association (Sisspa) have blamed the current depressed ... More


    40 loss-making Bengal PSUs exceed paid-up capital: CAG
    The report found that the accounts of 40 working Government companies and eight working statutory corporations were in arrears for period ranging from one year to nine years. More


    Kerala looks to plastic waste to fortify roads
    THE problem of mounting plastic waste, which has proved inflexible with garbage disposal managers, may yet be tackled if a novel method being pursued by the Kerala Government materialises. The Government has approached Kochi Refineries to look ... More


    High tariff power projects removed from revised FRP
    The FRP is prepared in consultation with the World Bank, which has been consistent in recommending that low tariff stations be given priority so that the financial burden on the utilities and eventually the consumer is minimal. More

    Court sets aside Bengal power panel proposal on tariff
    A DIVISION Bench of the Calcutta High Court today set aside the recommendations of the West Bengal Electricity Regulatory Commission (ERC) refixing electricity tariff for 2000-2001 and 2001-2002. The court remanded the issue before ERC and ... More


    `Fiscal changes, policies make powerloom weaving unviable'
    THE shift in woven fabric production from composite mill sector to the decentralised powerloom sector witnessed through the 1980s due to the cost competitiveness of the latter, had once led to marginalisation of the weaving activity under the ... More


    Kerala favours talks with TN on river waters
    THE Chief Minister, Mr A.K. Antony, has said that the State Government wants to hold bilateral talks with the Tamil Nadu Government for settling the nitty-gritty relating to renewal of the Parambikkulam-Aliyar inter-State river water sharing ... More


    School timetable software
    HYDERABAD: DS Unics Infotech Ltd, a Hyderabad software services provider, has developed `Unique Timetabler' software that is useful for teachers and administrators in schools. Addressing a press conference here, Mr D.R.R. Swaroop, ... More


    CDC open offer for Punjab Tractors, Swaraj Mazda and Swaraj Engines
    CDC Financial Services, the UK-based private equity investor, has announced its intention to make open offers in Punjab Tractors Ltd (PTL), Swaraj Mazda Ltd and Swaraj Engines Ltd following its recent acquisition of 23.49 per cent controlling ... More


    NRIs barred from investing in small savings schemes
    BARELY a fortnight after capping interest rates on non-resident external (rupee) (NRER) deposits to a maximum of 250 basis points above LIBOR, the Government has closed yet another avenue for arbitrage opportunities arising from the wide ... More


  • Anti-labour stand flayed


    Prioritise primary education, health care, says Amartya
    "THE major issues facing India today is the neglect of primary education and health care. It has not happened just today, but over the years and it has ended up in the poor not getting a fair chance. It is a question of overall priority of public ... More

    Expo showcases innovative apparel tech
    SOME 80 companies from the machinery, sewing, finishing, fabric and value-added service sectors are showcasing the latest and the best in apparel technology, fabric and accessories at the four-day ZAK Garmentech South expo which opened here ... More

    Gujarat Govt to host global investors' meet
    THE Gujarat Government is planning to hardsell its investment potential to global investors by organising a mega promotional event spread over nearly two weeks in September-October this year. The event to be held from September 25 to October 5 ... More


    Get your tax penalties reduced, without hassle
    INCOME-TAX assessees can now look forward to a "hassle-free" experience in getting their penalties reduced by the tax department. The Central Board of Direct Taxes (CBDT) has revised its guidelines for the compounding (the legal term for ... More


    Exports go up 11 pc, imports 38 pc in June — Trade deficit higher in Q1
    IN a significant development on the external front during the first quarter in the current fiscal, the country's foreign trade provides a mixed picture with exports, imports and trade deficit all registering higher growth. According to ... More

    10-year tax holiday scheme sought for 100% EOUs
    INCOME tax exemption for 100 per cent export oriented units (EOUs) under the provisions of Section 10A and 10B (as provided by Finance Act 2000) of the Income-Tax Act should be available for a free 10-year period, from the date on which the unit ... More


    Revered marvel
    A view of the Kumara Bhimeswara Temple at Samalkot in East Godavari district. This ancient Shiva temple is a major pilgrim centre and tourist attraction.


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    Looking back
    Jul. 20-Jul. 26
    RBF Nidhi: HC directive for corrective steps

    Good monsoon boosts tractor industry outlook

    CAS confusion stalls awareness promos

    `Water memory' theory revival boosts homeopathy

    Software industry has to rework biz model: ISB Dean

    Govt may retain veto power in HPCL — Likely to introduce golden share clause

    FICCI decries move to curb assets disposal

    Currency volatility: Ignorance daunts small exporters

    FDI accounts for 14.6% of investments

    Petroleum sector drags down Q1 infrastructure growth

    It's risky to slow fiscal reforms: World Bank

    Prospects bleak for tea exports to new markets

    Domestic newsprint makers hike prices

    Bottled water residue norms to take effect from January 1

    Cluster growth approach at industry level mooted

    Industry urged to build Indian MNCs

    `Unlimited' liability — Chamber seeks review of clause in Companies Bill

    Upward trend in official AIDS estimates

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