The Hindu Business Line : Wednesday, September 03, 2003

Cloud seeding in northern Karnataka districts to begin today
TWO weeks into `Project Varuna', the northern Karnataka region will see week-long cloud seeding operations from September 3. The region has been worst hit by the drought and the operation was originally planned from today. The aircraft was ... More

ECONOMY

Spectre of price spiral looms
THE recent hike in petrol and diesel prices will have a negative impact on the prices of essential commodities in Kerala, as the State depends on its neighbours for grains, pulses and even vegetables. Mr Bharat N. Kona, President, Indian ... More

Greenspan pooh-poohs inflation targeting
THE right man for the right times. Mr Alan Greenspan, the Chairman of the US Federal Reserve, was in his element at the annual gathering of central bankers (present and ex), policy makers and economists at Jackson Hole. Over the years, for ... More

FOREIGN TRADE

FIEO inks MoU with Chinese manufacturers body

HEALTH

AIDS awareness campaign in TN, AP planned
POPULATION Services International (PSI), a non-governmental organisation, is to launch an awareness campaign in Tamil Nadu and Andhra Pradesh aimed at preventing HIV/AIDS. The campaign starts at the end of the week, and will run for four ... More

TAXATION

Foodgrain merchants against power tax
THE Tamilnadu Foodgrains Merchants Association has said that the recent State Government order of levying five per cent tax on low-tension electricity consumers was an unwarranted step. In a statement here, the Association Secretary, Mr V. ... More

TEXTILES

Spinners cut yarn rates for Sept deliveries
LOOKING for greater liquidity, major cotton spinners have reduced yarn rates for September deliveries by Rs 3-4 per kg. This was in response to the continued flat yarn market that stretched to both export and domestic markets over the past two ... More

SSI

Meet to help SSIs set up defence ancillaries
A THREE-DAY buyer-seller meet-cum-exhibition on `Defence needs & SSIs' competence' will be inaugurated here on September 5 by the Union Defence Minister, Mr George Fernandes. The objective of the meet is to help small-scale industries set up a ... More

WATER

Green signal for cloud seeding in AP
GIVING a boost to the efforts to try out artificial rains in the State, the Civil Aviation Ministry today gave the go-ahead for the cloud seeding project in Anantapur district. Announcing this at a news conference here, Mr Rajiv Pratap Rudy, ... More

RADIO/TV

Panel may look into CAS implementation in Kolkata
THE imbroglio over the implementation of the conditional access system (CAS) in Kolkata continued today even as representatives of the State Government, multi-system operators (MSOs), cable operators and consumer groups met here to discuss a way ... More

No ad exodus from pay channels for now
MEDIA planners and advertising industry professionals have said pay channels are unlikely to face an exodus of advertisers, though some may be forced to provide discounts for advertisement slots, with the introduction of the Conditional Access ... More

AUTOMOBILE COMPONENTS

`Auto component sector must move up value chain'
INDIA'S auto component industry needs to move up the value chain by developing new capabilities as the low-cost factor alone will not help the sector in emerging as a global outsourcing hub, according to experts. "It's going to be our ability ... More

BEVERAGES

AP Govt urged to ask cola majors to quit
THE Medically Aware and Responsible Citizens of Hyderabad (MARCH) on Tuesday demanded the Government to ask Coca-Cola and PepsiCo to close shop and leave the country. "The policies of the Government must be directed towards safeguarding the ... More

MEDICAL INSTITUTIONS & HOSPITALS

Call to network hospitals

INDUSTRY ASSOCIATIONS

KCCI's plea to members against child labour
KEEPING in tune with the Government's effort to declare Karnataka a child labour-free State by the year 2007, the Kanara Chamber of Commerce and Industry (KCCI) has appealed to its member organisations to take a pledge not to employ persons below ... More

BIO-TECH & GENETICS

APIDC-Venture Cap funds 3 biotech cos
APIDC-Venture Capital has announced investments of $1.62 million (Rs 8.1 crore) in three US-Indian biotech companies. In the first batch of funding from its recent Biotech Venture Fund, it has put in $5,40,000 each in Bioserve Biotechnologies, ... More

Workshop on biotech

JUTE

Capital subsidy for jute mills hiked to 20%
THE Union Minister for Textiles, Mr Syed Shahnawaz Hussain, on Tuesday made a number of announcements for the jute industry such as an increase in capital subsidy, creation of an export promotion council and continuation of external marketing ... More

DISINVESTMENT

Revised bid for divestment of AP stake in Tata Motors
FACED with a stalemate with the recently concluded bid process for sale of Andhra Pradesh Government stake in Tata Motors, the Implementation Secretariat is now set to go in for a `revised bid' process. There was a tie with both the Life ... More

WTO

WTO meet: Pant cautions against Singapore issues
THE Deputy Chairman of the Planning Commission, Mr K.C. Pant, has cautioned that any hasty decision on Singapore issues at the World Trade Organisation (WTO) without fully comprehending the pros and cons on development might not serve the ... More

EVENTS

Deals worth Rs 250-300 cr struck at Mumbai garment exhibition
DEALS worth Rs 250-300 crore were sealed at the just concluded National Garment Fair in Mumbai. According to the organisers of the fair, these also include orders from overseas buyers. There were 225 exhibitors this year as against 175 last ... More

Hamriyah Free Zone offers tax holiday for Indian firms
SHARJAH-BASED Hamriyah Free Zone has offered full exemption from corporate or personal income tax besides waiver of import and export duties to enable Indian companies establish presence in that zone and access global markets. Addressing a ... More

Hyderabad engagements

ENTREPRENEURSHIP

Thanks to ARLP, entrepreneurship comes to villages
SURYAPET, about 140 km from here, is not known for jute production but the women of the small town recently received an order from Sri Lanka for supply of 10,000 jute bags. With the support of Andhra Pradesh Rural Livelihoods Programme (APRLP), ... More

EXPORTS & IMPORTS

Cotton growers may have reasons to smile — Bangla, Indonesia look to source Indian produce
COTTON growers in the country have a reason to smile about this season. International shippers have now turned their attention towards Indian cotton to source them abroad. The visibly good projections of domestic production have attracted them. ... More

Organic spices export turning into thriving biz
"These exports created many jobs, generated income, reduced poverty." More

BEARINGS, CASTINGS & FORGINGS

Castings export from eastern region suffers — Foundries hit by steep hike in prices
It is stated that if pig iron prices are not restored to a level of around Rs 9,000-9,500 per tonne, many export units as well as foundries may be forced to down shutters, rendering over 10 lakh people directly or indirectly connected jobless. More

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