Financial Daily from THE HINDU group of publications
Saturday, August 30, 2003
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INDUSTRY & ECONOMY

NON-CONVENTIONAL ENERGY


Windmill industry awaits incentives for textile units
WINDMILL, which has emerged as a viable source of alternative energy in the last five to seven years, hopes to consolidate its prospects with a fresh incentive expected to trigger its future growth. The industry is awaiting the final approval ... More

AUTOMOBILES


Rising auto exports add to forex kitty
With auto majors such as Hyundai, Tata Motors and Maruti charting out aggressive export plans for the current fiscal, automobile exports are expected to see higher growth this year. More

COURTS/LEGAL ISSUES


Amnesty scheme for owning animal articles ends on Oct 17
WHAT are generally considered by the wealthy as proud possessions, worthy of finding place in their tastefully decorated large living rooms or almirahs, may soon turn into nightmare objects, if the Ministry of Environment and Forests really means ... More

ENVIRONMENT


Collaborative bid urged in waste management
SCIENTISTS attending the BTWWA 2003, the national conference on biological treatment of wastewater and waste air at the Regional Research Laboratory-Thiruvananthapuram (RRL-T) here, have expressed the view that various agencies involved in waste ... More

INFRASTRUCTURE


AP plans bonds to get Rs 1,000 cr for infrastructure
THE State Government is planning to raise Rs 1,000 crore through a bond offer aimed at improving the urban infrastructure, the Chief Minister, Mr N. Chandrababu Naidu, said here on Friday. Addressing a conference at the foundation laying stone ... More

PSU


Kerala PSUs announce bonus payouts
Employees of all co-operative societies, irrespective of the status of their balance sheet, will be paid at the rate of 8.33 per cent of the gross annual wages subject to a maximum of Rs 2,500. More

PETROLEUM


Oil dealers' meet in Sept to discuss commission hike
OIL dealers from around the country will meet in Bangalore next month to decide on further action for a hike in dealers' commissions. Although the Ministry of Petroleum and Natural Gas had three months ago reassured the dealers' association ... More

Report on conservation drive in oil, gas sector released
THE Energy and Biodiversity Initiative (EBI), a partnership of four energy companies and five conservation organisations, has released its collaborative report, "Energy and Biodiversity: Integrating Biodiversity Conservation into Oil and Gas ... More

PHARMACEUTICALS


Issues should have been sorted out, feel drug cos
A section of the Indian pharma industry felt that the safeguards that the developed nations sought would in fact put a spanner in the works. More

India for low-cost drugs to sub-Sahara
REITERATING India's keenness to find a solution to the issue of TRIPs and `public health' in the WTO negotiations that still remains unresolved, Mr S.N. Menon, Additional Secretary, Department of Commerce, today pledged the country's support to ... More

Generic drug exports to S. Africa to be made easier
A MAJOR beneficial fallout of the recently-concluded round of Commerce Secretary level talks in New Delhi under the aegis of the India-South Africa Commercial Alliance (ISACA) could be that India manufactured generic drugs meant for exports to ... More

Plea to reduce excise duty on sclerosis medicine
VACCINES major Serum International Ltd along with multiple sclerosis (MS) societies is lobbying with the Centre to bring down the 51 per cent excise duty on sclerosis medicine. The therapy for the nervous system debilitating syndrome, which can ... More

POWER


Bengal energy body plans to outsource jobs
THE West Bengal Rural Energy Development Corporation (WBREDC) is planning to outsource some of its jobs, the Chairman, Dr Sujan Chakraborty, said here today. Participating in an interactive session with members of the Bengal Chamber of ... More

CESC bills offering festive bouquet
CESC's electricity bills have turned out to be an attractive advertising media for most corporates, which are either using the bill face or sending direct mailers launching their products, or offering discounts. More

TNEB raises Rs 180-cr through bonds
THE Tamil Nadu Electricity Board (TNEB) has so far mopped up about Rs 180 crore through a bond issue, which carries an interest rate of 8 per cent per annum. The issue size was Rs 100 crore with a greenshoe option to retain up to Rs 225 crore, ... More

TAXATION


National Tax Tribunal to be set up by Dec
A NATIONAL Tax Tribunal would be in place by December. All the tax related cases currently with the various High Courts, would be transferred to the NTT, for speedy disposal, Mr P.L. Singh, Chairman, Central Board of Direct Taxes (CBDT), said ... More

TEXTILES


Move to use NTC land for apparel park in AP
THE State Government plans to utilise the land belonging to the National Textile Corporation (NTC) in Azam Jahi Mills, Warangal for developing the Integrated Apparel and Textile Park. A special purpose vehicle (SPV) should be formed to ... More

BREWERIES


  • Probe into liquor tragedy in AP

    RADIO/TV


    Uncertainty prevails over CAS rollout in Mumbai — MSOs, broadcastes ready; Sena says no
    WITH just days to go before the proposed rollout of the conditional access system (CAS) in zone 1 of Mumbai, there is little clarity on whether the rollout will take place as scheduled. From the face of it, it is all systems go: the Government ... More

    EDUCATION


    Aussie varsity scouts for partners in arts stream
    AUSTRALIA'S Deakin University, one of the first to enter India, has been wooing Indian business management students since 1999. This time it is in India scouting for partners to introduce its arts stream course in communication and ... More

    PGP engg college pact with Bohemia varsity
    CHENNAI: PGP College of Engineering and Technology has signed a memorandum of understanding with the University of Bohemia, Czech Republic, for a student and faculty exchange programme and joint research. Dr Palani G Periasamy, Chairman, ... More

    BEVERAGES


    Coca-Cola godown vandalised
    SUSPECTED activists of the Ayyankali Pada, a banned Naxal outfit in the State, ransacked a Coca-Cola godown in the heart of the city and destroyed the soft drinks by dousing them with kerosene and diesel before setting them on fire. The ... More

    REAL ESTATE & CONSTRUCTION


    N.K Singh moots inter-ministerial panel for building sector
    MR N.K. Singh, Member, Planning Commission, today suggested setting up of an inter-ministerial committee to address issues related to the construction industry. "I will recommend to the government to set up an inter-ministerial committee to ... More

    INDUSTRY ASSOCIATIONS


    CII annual meet to be held in Bangalore
    AT next month's CII's second annual meet on the service sector, four key sectors plan to introspect on delivering more to the domestic market through better cost and quality platforms. The National Service Sector Conclave slated to be held in ... More

  • Fapcci hails Contract labour law

    KNITWEAR & HOSIERY


    Tirupur knitters raise hire charges for fabrication
    TIRUPUR-based knitted cloth producers engaged in job work have revised their hire charges for fabrication. The new rates, effective September 1, will overall leave the job work charges going up by 7 to 10 per cent higher than the prevailing ... More

    DISINVESTMENT


    Mumbai HPCL staff confront RIL team — Due diligence process at other centres peaceful
    HPCL employees protesting against the proposed disinvestment of their company on Friday prevented the Reliance Industries team from entering the PSU refinery in Mumbai for conducting due diligence. Eyewitnesses said close to 1,000 employees ... More

    EVENTS


    CII seminar on negotiation tactics
    WHAT does it take to be a good negotiator? Maybe, you may have to mend your ways to become an effective negotiator. The Confederation of Indian Industry (CII) is organising an interactive session on `Ineffective negotiation tactics: Behaviour ... More

  • Hyderabad engagements

    EXPORTS & IMPORTS


    Rice exporters spared
    RICE exporters can draw comfort from the Government's decision not to hike export prices, in spite of public stocks falling perilously close to normative minimum buffer levels. Rice stocks in the Central pool as on August 1 stood at 80.73 lakh ... More

    Wheat export issue prices increased
    IN a clear signal to discourage export of wheat in view of depleting public stocks, the Government has further hiked the prices at which the Food Corporation of India would be issuing grains to exporters during October-December 2003. Effective ... More


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    In Focus
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    Pakistan Diary
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    In Depth
    In Kashmir
    Simple Economics
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    Tax Talk
    NRIs & Investment Avenues
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    Looking back
    Aug. 17-Aug. 23
    Pharma industry growth the unsung story, says Jaitley

    Petro product pricing dispute unresolved

    Chandrayaan to herald ISRO's planetary pursuits

    Plan panel charts large-scale bio-fuel production plan

    `Further cut in infrastructure finance cost vital for growth'

    Govt unveils credit package for small sector — Rates on SFC loans lowered; interest deferral for SIDBI

    Micro-credit: Postal dept, banks in talks

    Cow slaughter ban feared to bring down leather exports by $700 m

    Electrical industry brightens up in Q1

    MFs to devise schemes to lure PF monies

    ITA sees output up a tad; exports, imports projected to dip

    Opinion divided over noose for fake drug manufacturers

    Rare earth minerals export on `free' list

    Bangla buys sugar from UP, Haryana mills

    Indian publishing industry on a global trail


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