Financial Daily from THE HINDU group of publications
Tuesday, September 16, 2003
Markets (Sept. 15)
BL 2501511.79 (-59.23)
BSE Sensex4193.83(-112.08)
S&P CNX Nifty1329.25 (-42.85)
US Dollar (Buy/Sell)45.74/45.87
Gold Std (10 gm)5675 (-15)

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`Unorganised sector tops job creation'
GOING by India's globalisation experience, Small and Medium Enterprises (SMEs) appear to present the only hope for growth and employment creation. In the year 1999-2000, the organised sector's total contribution to employment was only 8 per ... More


Car sales slow down in August — Commercial vehicles up 39.3 pc
AFTER five consecutive months of double-digit sales (following the excise cut in the Union Budget), car sales climbed a modest 6.7 per cent in August 2003. While Hyundai and Tata Motors saw an improved performance in the month, market leader - ... More


Monetary policy has differential effect on States: Study
The differential elasticity, in conjunction with differing industry mixes across States, may account for differential sub-national effects of monetary policy. More


CEOs spot several core areas for Indo-Pak ties
THE Indian and Pakistani business community has identified several core areas where more business can be done between the two countries. This emerged after the first meeting of the India-Pakistan Chief Executives Officers (CEOs) Forum here on ... More


KRL opposes FACT plea to scrap entry tax on petroleum products
It is advisable to reduce the sales tax rather than to go for abolition of entry tax, says KRL. It still extends 30-day credit facility to FACT without interest and another 30 days with interest at PLR. More

Oil PSUs to share LPG subsidy burden; Reliance spared
THE Government-controlled oil sector companies alone will bear the brunt of the Cabinet's decision to spread the LPG and kerosene subsidy burden beyond Indian Oil Corporation, Bharat Petroleum Corporation Ltd and Hindustan Petroleum Corporation ... More


`Patents Controller can certify tax deduction on royalty income'
THE Central Board of Direct Taxes (CBDT) has ruled that the Controller General of Patents, Designs and Trade Marks would be the specified authority for certifying the claims made by a resident individual seeking tax deduction on royalty income ... More


SSI Ministry to focus on development of clusters
THE Union Ministry of Small Scale Industry (SSI) has decided to support the setting up of a Cluster Development Resource Centre at the National Institute of Small Industries Extension & Training (NISIET), Hyderabad. Stating this, the Secretary ... More


State Govts seek more time for CAS rollout
THE State Governments of Maharashtra and West Bengal are to come up with fresh dates for implementing Conditional Access System (CAS) in Mumbai and Kolkata respectively. At a meeting between officials of the State Governments of West Bengal, ... More

Radio City moves court for licence protection
AFTER Star News, it is now the turn of Radio City to seek court protection against the Government's move to cancel the licence for violating the FM radio norms. The Ispat group-owned Music Broadcast Private Ltd (MBPL), which holds the Radio ... More

  • 3 new FM transmitters for Kerala


  • Foreign study programme


    FAPCCI offers to lend a hand
    THE Federation of Andhra Pradesh Chamber of Commerce and Industry (FAPCCI) has said it would help artisans improve quality of the products and perk up designs to make them competitive and tap the Rs 200-crore potential, especially for the lace ... More


    Hard times for handloom `kora' silk units
    WITH hardly 40 days left for Deepavali, the 100 per cent cotton and art silk saree makers here are wondering which way their fortunes will swing this time as the anticipated work orders from wholesalers/master-weavers are yet to flow in. Worse ... More


  • Kerala Nabard office shifted


    Sharad Yadav rules out National Test House merger with IBS
    "It would be pointless to destabilise the two premier scientific organisations through a merger," Mr Sharad Yadav commented. More


    Cancun trade talks collapse — Disappointed but not downhearted: Supachai
    "Notwithstanding the failure , the negotiations would continue and we will essentially put across India's concerns," said the Commerce Minister, Mr Arun Jaitley. More

    NGOs blame rich nations for failure
    EVEN as the trade talks collapsed, NGOs immediately came out with a slew of statements blaming the rich world for its total lack of understanding of the dynamics of the evolving developing countries' clout within the WTO on issues dear to them. ... More

    Assocham hails India's stand at Cancun
    REGRETTING the current deadlock among nations at Cancun over the draft ministerial text, which has led many to fear a demise of the multilateral trading system, the President of the Associated Chambers of Commerce and Industry (Assocham), Mr R.K. ... More

    Singapore issues led to failure: CII
    THE Confederation of Indian Industry (CII) on Monday ``applauded'' the Commerce Minister, Mr Arun Jaitley, for his ``outstanding performance'' at the World Trade Organisation (WTO) conference in Cancun, Mexico. In a statement, the chamber has ... More

    FICCI praises firm stand at Cancun
    WHILE regretting the inconclusive outcome of the Cancun Ministerial Conference, the Federation of Indian Chambers of Commerce and Industry (FICCI) has complimented the Indian negotiators for playing a leading role in forming and maintaining a ... More


    Intellectual Property Appellate Board to be set up in Chennai
    THE Government has notified the setting up of the Intellectual Property Appellate Board (IPAB) in Chennai. It has notified September 15 as the date for bringing into force the Trade Marks Act, 1999, and the Geographical Indications of Goods ... More


    Micro-credit and macro risks?
    By implementing a transparent scheme that chose beneficiaries regardless of their caste, creed, religion or political affiliation, the Palakkad experience succeeded. More

    Ministry, MNES tie-up for rural tech mission
    THE Union Power Ministry has joined hands with the Union Ministry of Nonconventional Energy Sources (MNES) to set up the Rural Electrification (Supply) Technology Mission through the decentralised generation system. The objective of the mission ... More


    Outsourcing benefits everyone: Advani
    THE Deputy Prime Minister, Mr L.K. Advani, has sought to assuage the concerns expressed by the developed countries over the shifting out of jobs to India. Inaugurating the 30th National Management Convention of the All-India Management ... More

  • Philately expo from Sept 20


    Jute exports increase 62 pc — But miss Rs 1,000-cr target
    JUTE exports in the last financial year 2002-03 registered a growth of 62 per cent compared to the previous financial year but missed the targeted Rs 1,000 crore because of the Iraq war. According to statistics prepared by the Jute Manufactures ... More


    Sharjah hopes to sell 5,000 holiday packages in India
    THE authorities of Sharjah hope to sell at least 5,000 holiday packages in India during the next six months, senior Government officials said here today. Addressing a press conference here to launch the `Special Sharjah holiday packages' in ... More


    CPWD official gets award
    MR J.N. Bhawani Prasad, Director General (Works) of the Central Public Works Department, was conferred the "Eminent Engineers Award" instituted by the Institute of Engineers, here on Monday. The Institute of Engineers, which is the largest ... More
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    Top Stories
    `Unorganised sector tops job creation'

    IOB issue gets 7 times more subscription

    Vijaya Bank prices issue at a premium of Rs 14

    Interest rates on NRE deposits cut further

    Software majors earning more revenue per client

    Car sales slow down in August — Commercial vehicles up 39.3 pc

    RBI's Annual Report 2002-03: Positive outlook blurred by concerns

    In Focus
    Cola Controversy
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    Indo-China Relations
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    Oil PSUs: Disinvestment dilemma
    In Depth
    In Kashmir
    Simple Economics
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    Looking back
    Sep. 7-Sep. 13
    Auto parts cos wilt under increasing steel prices

    Uncertainty over coal capacity in Tenth Plan

    SME new thrust area for tech cos

    WTO drugs deal: Does it really benefit developing countries?

    Tyre cos seek rubber export subsidy review

    Holograms aren't for products alone — Govt depts too seek stamp of safety

    Turnkey telemedicine solutions from Apollo

    7% rise in indirect tax collections in April-August

    Will water take on colas?

    After neighbourhood papers, it's now TV channels in TN

    Where is manufacturing headed?

    Industry posts 5.6 pc growth in July

    Culprit genes may hold cancer clues

    No hike in LPG, kerosene prices this fiscal

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