The Hindu Business Line : Wednesday, September 17, 2003

Law panel set up
THE Government has constituted the 17th Law Commission. Mr Justice M. Jagannadha Rao, a retired judge of the Supreme Court, has been appointed Chairman. Mr N.M. Ghatate, a senior advocate of the Supreme Court and a member of the previous ... More

ECONOMY

`State Govt finances in a bad shape'
INDIA'S strong foreign exchange reserves provide the country a healthy cushion against external vulnerability but the country's internal debt dynamics have deteriorated with State Government finances in a crisis, according to Mr Mark Baird, ... More

TN aims for 8 pc industrial growth
THE Tamil Nadu Government on Tuesday announced the industrial policy 2003 that targets an 8 per cent growth rate during the Tenth Plan period. The policy seeks to encourage new manufacturing capacity, enhance industry's competitiveness and ... More

ENVIRONMENT

RRL-T developing bioreactor to treat complex wastewater
The BFBR is, to our knowledge, the first high-rate reactor capable of treating complex wastewater, achieving complete methanisation. More

FOREIGN TRADE

Pact soon to avoid double taxation with Belarus
INDIA and Belarus are to sign a double taxation avoidance agreement (DTAA) in October this year, the Ambassador of Belarus to India, Mr Uladzimir A Akalouski, said here on Tuesday. Addressing a Round Table on `Trade on with CIS Countries', ... More

`Bright scope for trade with Taiwan'
Mr Thomas Chang said the roadmap drawn up by the TWTC, for attracting more investments into Taiwan, has identified India for participation in the software sector. More

Chamber signs MoU with Turkey body to boost trade
THE Associated Chambers of Commerce and Industry (Assocham) and the Ankara Chamber of Industry (ACI), Turkey have signed a memorandum of understanding (MoU) to contribute to the development, promotion and diversification of the trade exchange, ... More

FICCI for simpler norms in Turkey to promote trade
WITH a view to enhancing India-Turkey bilateral relationsfurther, the representatives of India Inc accompanying the Prime Minister, Mr Atal Bihari Vajpayee, would be looking at simplification of procedures that have resulted in reduced exports ... More

INFRASTRUCTURE

Singapore consortium to develop integrated township near Chennai
A CONSORTIUM of Singapore companies led by Lee Kim Tah Holdings Ltd will develop an integrated township at Siruseri on the outskirts of Chennai, along the Old Mahabalipuam Road, also know as the IT corridor. The total investment in the three ... More

PHARMACEUTICALS

`Pharma sector must move up value chain'
THE business potential and the challenges before the Indian pharmaceutical industry found sharp focus at the two-day international business convention that concluded on Tuesday under the aegis of the Indian Pharmaceutical Association ... More

POWER

TN withdraws tax on domestic power
THE Tamil Nadu Government has scrapped the five per cent tax on electricity levied on domestic power consumers, according to an official press release. A decision to this effect was taken at a meeting of the Cabinet here today. The tax, which ... More

STEEL

Captive coal blocks mooted for sponge iron producers
THE Steel Ministry has proposed to the Coal Ministry that captive coal blocks should be allotted to clusters of small sponge iron manufacturers to ensure that they have a reliable source of fuel. The Ministry is also in consultation with the ... More

TAXATION

FAPCCI session on TDS
HYDERABAD: With a view to clarifying on procedural aspects of TDS (Tax deducted at source), the Federation of Andhra Pradesh Chamber of Commerce and Industry (FAPCCI), in association with the Income Tax Department, is organising an ... More

Call to improve tax collection through VAT
THE Chief Commissioner, Central Excise, Mangalore, Dr G.K. Pillai, has stressed the need to improve tax collection through VAT. At a function organised here by the Kanara Chamber of Commerce and Industry (KCCI) to release his second book on ... More

SSI

SIDBI signs pact with Oriental Bank
NEW DELHI: Small Industries Development Bank of India (SIDBI) and Oriental Bank of Commerce (OBC) have entered into a memorandum of understanding to work together on projects related to the small-scale, infrastructure and service sectors. ... More

WATER

Legal standards for drinking water urged
RECENT findings of pesticide residues in globally reputed soft drinks highlight the need for a legally enforceable standard to define clean potable water, says an expert in the field of pollution control. Unlike the drinking water standards in ... More

Krishna delta panel calls for bandh today
THE Krishna Delta Protection Committee has called for a bandh on Wednesday, seeking the release of more water to the delta to save the standing crop and in support of the three fasting Congress MLAs and five others at Machilipatnam, the district ... More

MANAGEMENT

`Leadership vital to regain investor confidence'
FARSIGHTED business leadership may be a scarce commodity in today's corporate environment. But it is such a trait that may be the need of the hour if corporates are to regain and retain the trust of investors, according to the Chairman of the ... More

EDUCATION

IIMs secure top rankings
THE IIMs (Indian Institute of Management) at Ahmedabad, Bangalore, Kolkata and Lucknow have secured the top rankings in the Top-100 list of a nationwide survey conducted by the city-based management research institute Cosmode Management Research ... More

BEVERAGES

Pesticides in soft drinks — JPC seeks induction of experts
THE Joint Parliamentary Committee (JPC) under Mr Sharad Pawar, probing the ongoing pesticides-in-soft drinks controversy and for suggesting suitable health safety standards for all beverages, has sought the induction of three distinguished ... More

DISINVESTMENT

SC puts the brakes on HPCL, BPCL sell-off — `Appropriate approval from Parliament necessary'
THE ground-rules for public sector disinvestment have been re-written with the Supreme Court on Tuesday ruling that the Centre will have to take approval from Parliament for selling stakes in the two PSU oil majors — Hindustan Petroleum ... More

Verdict will have far-reaching impact: Shourie
THE Government has said that the Supreme Court verdict on HPCL and BPCL would have far-reaching consequences for the sell-off process. "It will have far-reaching consequences not only for disinvestment in these two PSUs but in other matters ... More

HPCL stock takes a beating on bourses
THE stock of oil refiner and marketer, Hindustan Petroleum Corporation Ltd (HPCL) took a drubbing today after the Supreme Court told the Government it could not sell its equity holding in the company without Parliament's approval. The HPCL ... More

The ball is in the next Govt's court
HINDUSTAN Petroleum Corporation Ltd. (HPCL) is destined to be a Government company for at least the next two years, if not more. That much is certain following the decision of the Supreme Court directing the Government to secure Parliament's ... More

Govt to study SC order: Naik
MR Ram Naik, Minister of Petroleum and Natural Gas, on Tuesday said the Union Government would study the Supreme Court's order in detail and decide whether to seek approval from the House during the winter session. He emphasised that the ... More

CCD meet on Oct 3
A MEETING of the Cabinet Committee on Disinvestment (CCD) is likely to be held on October 3 to discuss a position paper drafted by the Disinvestment Ministry in consultation with the Law Ministry and the Attorney-General on disinvestment in HPCL ... More

RURAL DEVELOPMENT

CII, Kudumbasree to provide SHG market linkages
THE Confederation of Indian Industry-Southern Region (CII-SR) and Kudumbasree, a Kerala Government initiative for rural upliftment, have decided to jointly work towards facilitating market linkages for products produced by rural entrepreneurs ... More

HUMAN RESOURCES

Train unskilled workers in new tech, Govt told
THE Chairman of the Regional Advisory Committee (RAC) of the Central Board for Workers' Education (CBWE), Mr V.K. Thalithaya, has said that industries and workers can prosper if they have pride in what they manufacture. Presiding over a ... More

EVENTS

Hyderabad engagements

SOCIETY & DEVELOPMENT

Meet on women's role in trade, commerce
THEY are there virtually in every sphere of life but why are there so few women in trading? That's a question for which WITS 2003, an exclusive national meet on women in trade and commerce, will try to find answers here this weekend. The ... More

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