The Hindu Business Line : Saturday, October 11, 2003

`No' for single-digit windfall!
Members of the Bharatinagar Residents Forum, Bangalore, at a demonstration on Friday demanding a ban on single-digit and online lotteries in Karnataka.

CONSUMER ELECTRONICS

Convergence of devices vital in consumer electronics: Mukesh
TO keep pace with the rapid changes in technology, just selling a television or an audio system may not be enough. Speaking at the 24th Annual Function of the Consumer Electronics & TV Manufacturers' Association (CETMA), Mr Mukesh Ambani, ... More

ECONOMY

`Globalisation is neither satanic nor angelic'
GLOBAL integration of markets, brought about by fast-changing technologies, should not be viewed as "either satanic or angelic'' but a natural development "which opens up many avenues and opportunities for India,'' Mr Abid Hussain, the former ... More

Kerala to seek changes in funds devolution criteria
THE Kerala Government will press the 12th Finance Commission to formulate a fresh package for devolution of Central funds by taking into account the State's achievements in the areas of infrastructure, human resources development and ... More

`A mix of bank, market funding better for growth'
REVIEWING the slowdown in the Indian economy during the last five years compared to early post-reforms period of 1994-97, the RBI Deputy Governor, Dr Rakesh Mohan, favoured a greater mix of bank-based and market-based funding for better ... More

FOREIGN TRADE

Draft agreement soon to boost trade with Algeria
INDIA and Algeria have agreed to give new impetus to bilateral trade, with both agreeing that there is scope to increase the volume of trade to much higher levels. This is reflected in the agreed minutes of the eight session of the ... More

HEALTH

`Puliraja raises women's hackles'
THE AIDS prevention campaign launched by Population Services International (PSI) here has incurred the wrath of women's organisations which have found the tone and tenor of the campaign "highly objectionable and derogatory to women.'' The ... More

Harness tech in healthcare: Kalam
THE revolution in communication technology needs to be harnessed to deliver healthcare services in rural India, said the President, Dr A.P.J Abdul Kalam, at a function to commemorate the silver jubilee of Sankara Nethralaya Hospital in Chennai on ... More

PETROLEUM

Meet to discuss ONGC joint venture plan for retailing
THE Union Petroleum Minister, Mr Ram Naik, will be chairing a meeting on October 14 to discuss the proposal of Oil and Natural Gas Corporation (ONGC) to set up a joint venture company for putting up petrol and diesel retail outlets. ... More

POWER

First draft of power policy expected by mid-November
THE first draft of recommendations by the Government-appointed task force for the Electricity Tariff Policy and National Electricity Policy is expected mid-November. The second draft will be submitted by year-end. Members of the task force, ... More

Industry bodies oppose move to tax captive power in Karnataka
The high cost of power has already driven to the closure of about 1.16 lakh small-scale units. More

TAXATION

TN signs MoU with Centre for stamp duty
THE Tamil Nadu Government has signed an MoU with the Union Government to rationalise stamp duty, property tax, rental laws and relax the urban land ceiling act within the next three years, according to the Union Minster of State for Urban ... More

SSI

Buyer-seller meet for SSIs in TN
THE Tamil Nadu Small Industries Development Corporation (SIDCO) will act as the optional procurement agency to participate in tenders on behalf of the small-scale industries and assist in product delivery and payment settlement due to them, ... More

Fireworks units to follow `code of conduct'
THE registered fireworks units at Sivakasi, near here, are resolute this Deepavali to play by the rules and chart a new course to take the industry to newer heights, according to Mr S. Maheswaran, President, Tamilnadu Fireworks and Amorces ... More

TERRORISM

Naxals on Karnataka border
CHENNAI: The Karnataka Home Minister, Mr Mallikarjun Kharge, on Friday said there were reports of movement of Naxalites in border areas of Karnataka and Andhra Pradesh and that his Government was taking all steps to tackle the menace. ... More

RADIO/TV

Thumbs down for CAS in Chennai
THE response to the Conditional Access System (CAS), which was rolled out in Chennai on September 1, has been "very lukewarm," with only 8,000-10,000 homes out of an estimated 8 lakh cable & satellite households opting for a Set Top Box, ... More

BEVERAGES

EU beverages norms for India draw flak at JPC meet
INDUSTRY lobbies at work may have some hope yet, as the rationale behind adopting European Union (EU) norms to set limits for pesticide residue in beverages came in for some flak at the second sitting of the Joint Parliamentary Committee (JPC) on ... More

WOOL

`Time to upgrade wool processing tech'
IF India is investing in upgrading its image of the textile industry internationally, wool could be in focus as it is in the premium end of the market fetching value for money, the Managing Director of Woolmark Company, Mr David Conners, has ... More

DISINVESTMENT

Andhra Sugars offers Rs 36 cr for West Godavari
ANDHRA Sugars Ltd has offered Rs 36 crore for West Godavari Cooperative Sugars Ltd, the highest amount offer yet received for a cooperative sugar mills under divestment being carried out by the Implementation Secretariat (IS). Turbomachinery ... More

SOCIAL WELFARE

Slum policy awaits Cabinet nod
THE National Slum Policy has been formulated and will shortly be tabled before the Cabinet, according to the Union Minister for Urban Development and Poverty Alleviation, Mr Bandaru Dattatraya. The draft of the Policy has been sent to all the ... More

RURAL DEVELOPMENT

Stress on rural development
MADURAI: More funds should be allocated for rural development by the State Government, the Union Minister for Agro and Rural Industries, Mr Sangh Priya Goutham, has said. Addressing the 56th anniversary function of the Gandhigram Rural ... More

HUMAN RESOURCES

Protecting the migrant workers' interests
Approximately 200 of them had recently celebrated Navaratri with the Gujarat Chief Minister, Mr Narendra Modi, who perhaps in a fit of alliterative frenzy, described the event as a confluence of "commerce and culture" and "tradition and trade." ... More

INTUC against placing labour in States list
THE Indian National Trade Union Congress (INTUC) is strongly against the proposed removal of labour from the concurrent list and its inclusion in the States list, a move being vigorously advocated by the Andhra Pradesh Chief Minister, Mr N. ... More

INDUSTRIAL POLICY

Industrial licensing norms simplified
THE Government today announced its decision to grant industrial licenses directly against applications to ensure speedy implementation of projects. However, this procedure will not apply to applications relating to manufacture of items ... More

EVENTS

Workshop on heritage from tomorrow
KERALA Tourism, in association with the Indian National Trust for Art and Cultural Heritage (INTACH), will organise a three-day workshop on Kerala's heritage in Thiruvananthapuram. The workshop, titled `Rediscovering Heritage Kerala', will be ... More

INCOME TAX

TDS filing made easier
THE Central Board of Direct Taxes (CBDT) has reduced the number of forms in respect of the applications made to an assessing officer for "no tax deduction or no tax collection at source" or for a "lower deduction/collection of tax at source" from ... More

EXPORTS & IMPORTS

Appreciating rupee triggers discounting of export bills
In fact, till recently, when forward premiums were ruling high, most exporters preferred to arbitrage between the pre/post shipment foreign currency window and forward premiums. More

Rise in global prices, demand for exports — Fall in cotton prices likely to be capped
FALL in cotton prices may be limited in view of strong demand from domestic mills and exporters besides increase in its global prices. Forward prices have begun to decline in anticipation of a higher crop but spot prices are still ruling firm, ... More

PEOPLE

New NITK Chairman
MANGALORE: The Chairman and Managing Director of Lamina Group of Industries, Mangalore, Mr N. Vinay Hegde, has been nominated as the Chairman of Board of Governors of National Institute of Technology Karnataka (NITK), Surathkal. An NITK ... More

ICCI office-bearers for Coimbatore
COIMBATORE: THE following have been elected office-bearers of the Indian Chamber of Commerce and Industry, Coimbatore for the 2003-06 term. President: Mr A. Sakthivel; Vice Presidents: Mr C.R. Swaminathan,Mr Mahendra Ramdas and Mr ... More

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