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Sunday, November 16, 2003

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INDUSTRY & ECONOMY

PENSION PLANS


SC verdict on EPS — A blessing for employees
The Supreme Court verdict upholding the validity of employee pension scheme needs to be welcomed. Given the sharp fall in interest rates, the scheme's benefits appear attractive compared to how they looked when the scheme was launched in 1996. More

INVESTMENTS


The challenge of regular income generation
IN THE good old days, eking out a regular income if you had loads of money was never an issue. If you had a few lakhs of rupees, all you needed to do was park some of it in the post office monthly income scheme, spread ... More

ECONOMY


Pressure points in economy review
WHILE the Finance Ministry's overall assessment of the economy is rather bullish, the Mid-Year Review also brings to light some major pressure points, particularly on the fiscal front. During April-September 2003, the fiscal deficit at Rs ... More

Jaitley sees better growth in H2
ENTHUSED by the robustness in industrial growth in the second quarter of the current fiscal, the Union Commerce and Industry Minister, Mr Arun Jaitley, said on Saturday that the industrial sector performance in the third and fourth quarters ... More

HEALTH


Rajat Gupta `field trip' to study Kolkata's sex workers' woes
A "FIELD TRIP" by Mr Rajat Gupta of McKinsey to Sonagachi, Kolkata's red light district, may lead to the opening of a new chapter in the history of HIV/AIDS prevention in India, courtesy a $200-million commitment by the Bill Gates ... More

PETROLEUM


Govt considering interim dividend by oil PSUs
THE Finance Ministry has confirmed that it was considering a proposal for asking public sector oil companies to pay interim dividend. However, it said that this was not to make up for slippages in fiscal deficit targets. "We have talked to the ... More

PHARMACEUTICALS


`Favourable climate for pharma mergers & acquisitions'
WITH the easy availability of capital, increased global interest in India's research and development capability, the country's pharmaceutical industry offers a good climate for mergers and acquisitions. Besides consolidating the domestic ... More

AP panel moots Rs 100-cr pharma fund
THE expert committee on pharmaceutical sector set up by the Andhra Pradesh Government has recommended a Rs 100-crore dedicated fund to give a boost to the research and development (R&D) activities of pharmaceutical industry in the State. The ... More

STEEL


Steel producers mull dual pricing
PRIMARY steel producers in the Indian market are engaged in a fire fighting exercise. Faced with the possibility of a reduction in the import duty on steel, the primary steel producers are planning a sort of dual pricing policy for domestic ... More

TAXATION


Transfer pricing issue — CBDT may frame separate norms for tax haven parties
THE Central Board of Direct Taxes may frame separate transfer pricing rules that would be applicable in respect of parties in tax havens. "This (transfer pricing norms for parties in tax havens) is an aspect that we would have to look into. ... More

TEXTILES


NTC panel clears land sale proposals
THE sale of assets by the National Textile Corporation in Tamil Nadu has made some headway with an NTC subsidiary clinching a deal with Airforce Naval Housing Board (ANHB), New Delhi. The board has successfully bid for the 14-acre block of ... More

RADIO/TV


Panel moots telecom model for FM radio — Migration from licence-fee regime
The Expert Committee on FM radio is set to recommend the telecom model for companies migrating from the existing licence-fee regime to a revenue-sharing arrangement with the Government. According to sources, the committee has suggested that FM ... More

GEMS & JEWELLERY


Gem & jewellery exports up
GEMS and jewellery exports from the country increased to Rs 22,247.04 crore during the first seven months (April-October) of the current fiscal, up 13.61 per cent over Rs 20,471.07 crore during the same period last year, according to the Gem and ... More

METALS


Commodity prices — The wild card in India Inc's performance
INDIA Inc. has churned out exhilarating numbers for the just-ended September quarter, stoking the recent flare-up in equity values. The aggregate profit for a universe of over a thousand listed companies has ... More

PAPER, BOARD & NEWSPRINT


Paper and paperboards — A better script in the making
PAPER and paperboard stocks, especially the frontline ones of Tamil Nadu Newsprint, West Coast Paper and Seshasayee Paper, can be held and also considered for accumulation at lower levels, as the outlook for the ... More

Global paper trail
THE PROJECTED growth in capacity is at its lowest ever in the North American markets, a key supply source along with the Scandinavian countries. In each of the past five years, capacity has risen by less ... More

Gaining by binding
A COMBINATION of consolidation and a disciplined approach to capacity creation has placed industry majors such as Ballarpur Industries, Tamilnadu Newsprint, JK Paper, Seshasayee Paper and West Coast Paper in a vantage ... More

`Cost management will remain a focus area'
The threat of increasing imports is real and may get enhanced when India's efforts to woo the Asean economies bear fruit. Some of these countries are significantly low-cost producers of paper and India will offer a huge market for them. More

Value in the reams
West Coast Paper: Hold/buy on declines
Seshasayee Paper: Hold/buy on declines
Tamil Nadu Newsprint: Hold/buy on declines
Ballarpur Industries: Book profits and reenter at lower levels
J K Paper and The A.P. Paper: Hold More

INDUSTRY ASSOCIATIONS


PHDCCI announces annual awards
THE PHD Chamber of Commerce and Industry (PHDCCI) has announced its annual awards for the year 2003. The awards are instituted for recognising Indian businesses, entrepreneurs and individuals for their outstanding achievements/contributions in ... More

KNITWEAR & HOSIERY


Hosiery makers meet to discuss cotton yarn price rise
THE Tirupur-based cotton hosiery manufacturers body has called an emergent meeting of various knitwear manufacturers associations on November 17 to discuss the issue of rising cotton yarn prices. The meeting is to be held under the aegis of ... More

CINEMA


Film industry needs to be taken seriously: Raveena
THE Chairperson of the Children's Film Society of India (CFSI) and Hindi film actress, Ms Raveena Tandon, has said that the country had not taken the film industry seriously despite the fact that it was quite big. "We make nearly 800 films ... More

India makes a mark in animation films
INDIA has made a mark in the making of full-length animation films with Son of Alladin, which is among the 33 films in the fray in the International Competition league at the 13th International Children's Film Festival. Directed by the ... More

EVENTS


Delhi to host Korean products exhibition
MARKING the 30th year of establishment of diplomatic ties with India, the Republic of Korea is holding the `Korean Hi-Tech Products Show - 2003' at Pragati Maidan in New Delhi during December 8 to 11. "It's an exclusive platform to showcase ... More

INCOME TAX


More on Section 88 rebate
IS the maximum rebate available for assessment year 2003-04 Rs 14,000, that is, 20 per cent of Rs 70,000 for all individuals regardless of the total income? Reply There is no difference on the percentage ... More

Tax exemption on purchase of plot
AN individual already owns a residential house. He has taken a loan to purchase a vacant plot on which he proposes to construct a residential house by taking another loan. Both these loans are from financial ... More

EXPORTS & IMPORTS


Edible oils base import price hiked again
THE Government has hiked the base price for import of edible oils again. The hike, made through a customs notification, has fuelled another price increase, according to trade sources. The hike in base price is the third in the last one month ... More

TOURISM


HK unveils campaign to lure tourists
IN order to promote Hong Kong as a tourism destination, the Hong Kong Tourism Board (HKTB) has rolled a new integrated global advertising campaign that carries the theme line — "Hong Kong - Live it, Love it." The campaign, which is ... More
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Top Stories
`Favourable climate for pharma mergers & acquisitions'


Gem & jewellery exports up

Forex reserves rise $ 613 m

World Bank may transfer `complex' jobs to Chennai

In Focus
Rising intolerance
(The Hindu)
Vaishnavaite Temples in Tamil Nadu
(The Hindu)
Saivite Temples in Tamil Nadu
(The Hindu)
A Tribute to Semmangudi
(The Hindu)
Organic farming
In Chennai
The Cable tangle
Telecom Competition
Oil PSUs: Disinvestment dilemma
In Depth
Swati CA
In Kashmir
Simple Economics
Slowburn
Tax Talk
NRIs & Investment Avenues
Corporate Governance
Iraq Diary

Looking back
Nov. 9-Nov. 15
`An attack on the freedom of the press'

Feel good factor boosts business confidence index

Corporates bullish on all fronts, says FICCI survey

Buddhadeb deplores `gross abuse of legislative privilege'

CII revises GDP growth to 7.2 pc

Media cos upbeat despite dull show in Sept quarter

KPO - the next wave to BPO: High-end knowledge services in keen demand

Food flavouring agent raises health concerns

MFs devise bonus options for tax-planners

Truck, bus tyre production up in Sept

Natco to challenge grant of exclusive rights to Novartis cancer drug

Impose ceiling on tax-free donation

Delay in FCI stock delivery, inadequate rake availability — Foodgrain exporters are a worried lot

PSU oil cos decide to pay interim dividend

Coal equity most cost-effective, says Plan panel

Edible oil imports top a record 51 lakh t — Highest after shipments have come under OGL

Festive Oct drives car, 2-wheeler sales

Leave self-help groups to themselves


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