Financial Daily from THE HINDU group of publications
Saturday, December 06, 2003
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INDUSTRY & ECONOMY

NON-CONVENTIONAL ENERGY


TN: Solar water heaters made mandatory in buildings
BUILDERS will now have to provide solar-powered water heaters in their construction projects with the Tamil Nadu Government making it mandatory for new buildings. The order announced in August 2002, is to be enforced from now. It covers all ... More

LOTTERY


Kerala HC dismisses Meghalaya's plea on lottery
THE Kerala High Court on Friday dismissed a writ petition filed by the Meghalaya Government and the Indian Federation of Lottery Traders and Allied Industries challenging the State Government circular imposing restrictions on the sale of paper ... More

ANTI-DUMPING


Dumping duty on sodium hydrosulphite
THE Finance Ministry has imposed definitive anti-dumping duty on sodium hydrosulphite imports from Germany and South Korea. The definitive anti-dumping duty, unless reviewed, would last for five years. Sodium hydrosulphite is a white ... More

BUDGET


Govt to present `full Budget' in Feb; no vote-on-account
IT'S official now. There will be no early general elections nor is there any plan to present just a `vote-on-account' instead of a full-fledged Budget on February 28. The Finance Minister, Mr Jaswant Singh, told newspersons here today that ... More

ECONOMY


BJP poll triumph seen as booster for reforms
THE unexpected sweep to power by the Bharatiya Janata Party to the three Assemblies of Madhya Pradesh, Chhattisgarh and Rajasthan has provided the much-needed springboard for the Prime Minister and his team at the Centre to expedite ... More

Greying of Kerala to cause headaches
The large greying population will give rise to societal shifts in terms of health needs, work participation rate, dependency rate, service pension requirements and social security system. More

FOREIGN TRADE


Lankan FTA not to blame for plantation sector ills: Jaitley
THE Government on Friday strongly defended in the Lok Sabha the Free Trade Agreement (FTA) it had signed with Sri Lanka in 1999, which helped boost bilateral trade between the two countries. Responding to a supplementary on WTO, raised by Mr ... More

HEALTH


Heritage, United Church to train medical professionals
HERITAGE Hospital, the city-based hospital services organisation focussing on geriatric care and United Church Homes (UCH), a US-based, not-for-profit corporation mostly into retirement services, have announced the launch of their joint venture ... More

Call to extend scope of organ donation
ALMOST 75 per cent of the kidney transplant operations in the country are illegal, as the existing laws are unrealistic, says Dr K.S Chugh, pioneering nephrologist widely regarded as the father of nephrology in the country. Dr Chugh, who was ... More

INFRASTRUCTURE


Infrastructure equipment to be rented out
IN a novel venture aimed at fulfilling the equipment needs of infrastructure industries, a consortium of private-public sector companies has come together to float a company that would rent out modern equipment with the necessary experts to ... More

POWER


Cos may lose Rs 22,000 cr due to power cuts: Survey
Delhi records the highest level of daily power disruption at 28 per cent of sample base, followed by Bangalore. More

Ministry spots 8 product categories for power `label'
THE Government has set up task forces to improve the power scenario in the country.Talking to presspersons, Mr R.V. Shahi, Power Secretary, said the Ministry had constituted six task forces to ensure energy conservation in six industrial areas of ... More

$15-m small hydel tech aid project nearing completion
THE $15-million UNDP/GEF (United Nations Development Programme/Global Environmental Facility) technical assistance project on `Optimising development of small hydro resources in the hilly regions of India' is in the final stages of "successful" ... More

Karnataka Govt fails to rein in power subsidies
THE Karnataka Government has failed to rein in power subsidies and this year's estimates are expected to see a major slippage in achieving the targets. State Government sources said here that one of the major factors contributing to this ... More

STEEL


Steel ingot prices up 8 pc on strict transport vigil
STEEL ingot prices have increased by more than 8 per cent during the last five days across markets in the North following stringent inspection by the State road transport department officials and strict implementation of the provisions of the ... More

TAXATION


PHDCCI opposes property transfer duty hike by Delhi Corpn
THE PHD Chamber of Commerce and Industry has opposed the proposed reversal of duty on transfer of property from 3 per cent to 5 per cent as proposed by the Municipal Corporation of Delhi in its Budget proposals for 2004-05. "The reduction in ... More

FICCI wants MAT to go
THE Minimum Alternative Tax (MAT) continues to be a contentious issue for India Inc. The Federation of Indian Chambers of Commerce and Industry (FICCI) has urged the Government to `seriously consider' the withdrawal of MAT. Arguing against ... More

Mauritius Govt revitalises anti-money laundering outfit
THE Mauritius Government has revitalised its anti-money laundering outfit, the Financial Intelligence Unit (FIU), to check potential abuse of the double-taxation treaty, according to Mr Sushil K.C. Khushiram, Mauritius Minister for Economic ... More

TEXTILES


Rising rupee dents textile exporters' margins
THE stronger rupee is hitting exporters where it hurts the most — their pocket. The rupee's growing strength against the dollar for much of the year has eroded exporters' margins and is damaging the competitiveness of Indian textiles in the ... More

SSI


Ministry invites small units to take part in trade fairs
THE Small Industries Development Organisation (SIDO) under the Union Ministry of Small Scale Industries has invited the small industrial units, registered with the Government of Andhra Pradesh, to participate in the international trade fairs to ... More

WATER


  • Water supply in turns in Madurai

    COAL


    Coal India mulls setting up power plants
    THE future power generation and distribution business may witness a major change with the state-owned Coal India Ltd (CIL) actively considering entering the area of power generation. This will come as a part of the forward integration of CIL's ... More

    EDUCATION


  • Business Club inaugurated

    LEATHER


    Leather trade eyes WalMart pie
    DOMESTIC leather exporters are targeting a 20 per cent share of the total imports of footwear made by WalMart, the US-based retail giant, the Chairman of the Council for Leather Exports, Mr S.S. Kumar, said here today. Speaking to reporters ... More

    PAPER, BOARD & NEWSPRINT


    Paper industry must be globally competitive: Jaitley
    THE Union Commerce Minister, Mr Arun Jaitley, said that the domestic paper industry should upgrade and become globally competitive so that world-class products were available to Indian consumers. "At the end of the day, all consumers are ... More

    SCIENCE & TECHNOLOGY


    ISRO chief honoured
    THIRUVANANTHAPURAM: The Chairman of the Indian Space Research Organisation (ISRO), Mr G. Madhavan Nair, was conferred the title of Doctor of Philosophy by the Punjab Technical University at a special convocation held at the DAV Institute ... More

    MINERALS


    Congestion at Chennai port — Iron ore exporters advised not to bring in vessels till Jan-end
    THE Chennai Port Trust (ChPT) has requested iron ore exporters not to bring any vessel to Chennai till January end. This is due to congestion at the Chennai port for iron ore vessels, which need to wait for a few days to get a berth. The port ... More

    DISINVESTMENT


    Calcutta HC direction to Govt, union on Hind Copper sell-off
    MR Justice S.K. Mukherji of Calcutta High Court ordered that any step regarding disinvestment of Hindustan Copper Ltd and shifting of its registered office from Kolkata shall abide by the result of the writ petition filed by Jharkhand Copper ... More

    Kerala yet to submit plan to take over FACT
    THE Kerala Government is yet to submit a concrete proposal for taking over Fertilisers and Chemicals Travancore Ltd (FACT), which has been put up for privatisation as part of the Centre's disinvestment programme. After the Centre announced its ... More

    RURAL DEVELOPMENT


    After babus, DWCRA women to get 30,000 mobile phones
    AFTER empowering babus up to the mandal level with cellular phones, the Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, has announced plans to provide DWCRA (Development of Women and Children in Rural Areas) women self help groups with ... More

    Nabard cuts interest rates
    THIRUVANANTHAPURAM: The National Bank for Agriculture and Rural Development (Nabard) has announced cuts in interest rates on loans to State Governments, keeping in view the declining trend in interest rates. Accordingly, the interest ... More

  • Aid to Sivaganga SHGs

    EVENTS


  • Hyderabad Engagements
  • Experimental learning

    INCOME TAX


    Bill introduced in LS to replace taxation Ordinance
    THE Government has introduced a Bill in the Lok Sabha that seeks to replace the Taxation Laws (Amendment) Ordinance 2003. The Ordinance, which had been promulgated on September 8, had exempted from income-tax the interest paid outside India by ... More

    EXPORTS & IMPORTS


    EC panel clears curbs on basmati import sops
    The benefits to the Indian industry are obvious considering that out of its total basmati exports of 1.6-1.7 lakh tonnes (valued at about Rs 500 crore), more than 80 per cent comes from traditional varieties. More

    RBI relaxes write-off norms for exporters
    THE Reserve Bank of India has announced full flexibility to all exporters and reduction in the paper work associated with seeking extension of time or reduction in invoice value or write-off. It has been decided to allow all exporters to ... More


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  • The Hindu eBooks

    Mid-Term Monetary and Credit Policy for the year 2003-2004

    Pick a Winner Stock Market Contest

    Top Stories
    Mail to milk, the post office has `em all


    Greying of Kerala to cause headaches

    Lupin prunes debt by Rs 300 cr

    Coal India mulls setting up power plants

    Rising rupee dents textile exporters' margins

    Cellular base expands by 1.9 m in November

    Cos may lose Rs 22,000 cr due to power cuts: Survey

    In Focus
    Outsourcing backlash
    Stamp paper scam
    Housing finance scenario
    Insurance Round-up — 2003
    Organic farming
    The Cable tangle
    Telecom Competition
    Oil PSUs: Disinvestment dilemma
    Rising intolerance
    (The Hindu)
    Vaishnavaite Temples in Tamil Nadu
    (The Hindu)
    Saivite Temples in Tamil Nadu
    (The Hindu)

    In Depth
    Insurance Corner
    Swati CA
    Simple Economics
    Slowburn
    Tax Talk
    NRIs & Investment Avenues
    Iraq Diary

    Looking back
    Nov. 23-Nov. 29
    Govt pursuing faulty policy on import of edible oil: Godrej

    Jaswant urges industry to build on strong economy

    Telecom gear exports touch Rs 500 cr: ESC

    Govt should report on use of forex reserves: Chidambaram

    Govt rules out change in edible oil duty

    `CAT retest date to be announced today' — Online tests likely from 2005

    EU proposes anti-subsidy duty on Indian bed linen

    Grameen bazaars to dot highways

    Shell, TotalFina gas supply bid in trouble — No financial back-up from parent

    Stamp paper scam: How Telgi exploited loopholes

    Plan afoot to maximise tax collection

    Soyameal exports face wagon hurdles

    EU must engage with new India: Sinha

    Rising wheat prices may spell end of party for biscuit cos

    Pharma cos urged to cut prices for Govt AIDS programme — Announcement likely on Sunday


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