Financial Daily from THE HINDU group of publications
Wednesday, December 17, 2003
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INDUSTRY & ECONOMY

EMPLOYMENT


FICCI suggests measures to generate more employment
THE Federation of Indian Chambers of Commerce and Industry (FICCI) has suggested a three-pronged package of measures for generating additional employment of 20 million against 11.6 million envisaged in the 10th Plan document. This could be ... More

CLIMATE & WEATHER


Rain plays havoc in AP coastal districts
HEAVY rains caused by the cyclone in the Bay of Bengal disrupted normal life in the coastal Andhra Pradesh districts from Nellore to Srikakulam. The south-coastal districts were the worst-hit. The cyclone crossed the coast near Machilipatnam, ... More

NON-CONVENTIONAL ENERGY


Exide commissions solar-wind hybrid unit in Maharashtra
EXIDE Industries Ltd, the storage power systems major, is commissioning its second wind-solar hybrid power unit at Aurangabad in Maharashtra taking a firm step forward in its increasing foray into the area of non-conventional energy. Company ... More

ECONOMY


Karnataka to market investment potential in coastal districts
THE Karnataka Government is planning to market Uttara Kannada, Udupi and Dakshina Kannada districts as potential areas for investments in various sectors through its Coastal Investors' Meet in Karwar. Addressing the final road show in this ... More

ENVIRONMENT


Greenpeace pulls up Hindustan Insecticides for DDT pollution
GREENPEACE, the international non-governmental organisation, has come out with a report which indicates that the continuing production of DDT at the Hindustan Insecticides Ltd Factory in Eloor here is resulting in severe pollution of the already ... More

FOREIGN TRADE


`Romania's accession to EU will open new vistas for India Inc'
ROMANIA'S accession to the European Union in 2007 will open up new vistas for Indian enterprises in the region, according to Mr Nicolae Vacaroiu, President of the Senate, Parliament of Romania. "This move will be significant as it will make ... More

Task force mooted to revive silk route
GOOD governance and a `Look East' foreign policy, a revival of the broken trans-border trade relations, widening and internalising of the international Buddhist pilgrim routes and addressing major eco-development issues were some of the signposts ... More

HEALTH


Corporates must share responsibility in tackling HIV/AIDS, says Unicef
THE United Nations Children's Fund (Unicef) is contemplating the possibility of procuring quality anti-retroviral (ARVs) drugs that help fight HIV/AIDS and provide them at cost-effective prices to affected countries, on the lines of its ... More

Technology isn't the hurdle
Technology can make a big difference to the Government's healthcare services. It can tackle the hurdle in the way - lack of commitment. More

INFRASTRUCTURE


Thiruvananthapuram to get facelift
THE Thiruvananthapuram Corporation has unveiled a comprehensive plan intended to give the city a facelift while augmenting the facilities available in certain areas. At a meeting held in the city on December 15, the Mayor, Ms J. Chandra, ... More

PETROLEUM


Oil workers threaten `indefinite' strike
EMPLOYEES of public sector oil companies went on a 24-hour strike on Tuesday to protest the Government's disinvestment plans. Unions threatened to go on an "indefinite" strike, if the Centre went ahead with its plan to privatise HPCL and BPCL for ... More

  • Petrol to cost Rs 36.85 in Hyderabad

    POWER


    Madras HC upholds Labour Inspectors' order on contract workers
    THE Madras High Court has directed the Tamil Nadu Electricity Board to pass "appropriate'' orders conferring permanent status on contract workers in accordance with the law. Upholding the validity of the orders passed by the Inspectors of ... More

    Reliance urges NTPC Kayamkulam plant relocation to Kakinada
    IN a bid to win a large customer base, Reliance Industries Ltd (RIL) has recently written to the Power Ministry seeking relocation of National Thermal Power Corporation's (NTPC) proposed 1950-MW capacity addition at Kayamkulam in Kerala to ... More

    KSEB projects Rs 882-crore revenue deficit
    THE Kerala State Electricity Board (KSEB) has projected a revenue deficit of Rs 882 crore in 2004-05. The board has decided to submit a revenue statement to the State Electricity Regulatory Commission showing an income of Rs 2,836 crore and an ... More

    TAXATION


    `ST reduction on ATF to have major impact on aviation industry'
    A senior Aeronautical Society of India office-bearer felt that the decision would certainly play a major role in increasing the traffic to the State. More

    AP Minister urges Tax Dept to enhance collections
    THE Minister for Commercial Taxes, Mr K. Vijayarama Rao, today asked the Deputy Commissioners to gear up the Department to increase monthly collections to Rs 900 crore from Rs 730 crore now. "This can be achieved as the industrial production is ... More

    TYRES


    Truck, bus tyre output slips in Oct
    TRUCK and bus tyre production slipped in October 2003 to 8.89 lakh tyres against 9.07 lakh tyres recorded in September 2003. A senior tyre industry official attributed the decline in production to the trend of "lower demand" during the month ... More

    WATER


    Tirupur water project SPV seeks rate cut on loans
    THE special purpose vehicle (SPV) implementing the Rs 1,000-crore private drinking water project for Tirupur, has sought a rate cut on the debt funds from institutional lenders citing the prevailing low interest rate regime. The New Tirupur ... More

    COAL


    Unions protest move to wind up Coal India
    THE Joint Action Committee of five Central trade unions operating in the public sector companies has given a call to coal workers throughout the country to organise a movement against any move by the Centre to wind up Coal India Ltd (CIL) in the ... More

    RADIO/TV


    Indian win may boost demand for set-top boxes in Chennai
    THE events of the last two days have improved the fortunes of Chennai's multi-system operators (MSOs), who form the link between television channels and cable operators. On Monday, parts of Delhi embraced the Conditional Access System (CAS), ... More

    EDUCATION


    IGNOU enrolment declines in Kerala
    KOCHI: While the national average in enrolment at the Indira Gandhi National Open University (IGNOU) has increased by 27 per cent, it has come down by 20 per cent in Kerala. The Vice-Chancellor of IGNOU, Mr H.P. Dikshit, said that fall ... More

    FOODS & FOOD PROCESSING


    `Need to equip farmers to meet global competition'
    "Mere possession of natural resources is not going to give India competitive advantage." More

    INDUSTRY ASSOCIATIONS


    CII, FICCI press for more insurance reforms
    ACKNOWLEDGING the impressive developments in the insurance sector since its opening up, two leading trade bodies — the Confederation of Indian Industry (CII) and the Federation of Indian Chambers of Commerce and Industry (FICCI) — ... More

    FOREIGN DIRECT INVESTMENT


    Elsberry among FDI plans cleared
    THE Union Government has cleared the Rs 240-crore foreign direct investment proposal from Mauritius-based Elsberry Holdings Ltd in its Indian subsidiary Radhakrishna Foodland Pvt Ltd for undertaking wholesale trading and distribution and ... More

    RURAL DEVELOPMENT


    Aid for sanitation project in Pudukottai dist.
    MADURAI: The Pudukottai district has received its second instalment of a sum of Rs 95.43 lakh from the Central Government for implementation of `Total Sanitation Project' in the district. According to official sources, the district has ... More

    Suggestion to women SHGs
    MADURAI: The women self-help groups must either produce raw materials or manufacture spare products required for projects taken up by other groups in the same area, the Nagapattinam District Collector, Mr Veera Shanmugha Moni, has ... More

    INDUSTRIAL POLICY


    Business De-regulation Bill notification soon
    THE Business De-regulation Bill, which has been cleared by the President, will be notified as an Act in Karnataka on December 22. This Act will provide single window clearance for entrepreneurs in the State. Addressing the final road show ... More

    EVENTS


    Real estate expo in Delhi from Dec 19
    THE National Real Estate Development Council's (Naredco) annual convention and exposition will be held here from December 19. The theme of the three-day annual event of the Council will be `Housing For All', according to Naredco's President, ... More

    INCOME TAX


    Jaswant defends cut in interest on tax refunds
    THE Finance Minister, Mr Jaswant Singh, today defended the Government's decision to slash the interest rate on tax refunds from eight per cent to six per cent. "The Revenue Department is not a bank. This (practice) has to be stopped," he told ... More
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    Mid-Term Monetary and Credit Policy for the year 2003-2004

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    Top Stories
    Pepsi withdraws case against CSE


    1.25 lakh t corn contracted for exports

    Lehman Bros' decision to stop outsourcing IT helpdesk — Wipro, TCS downplay impact

    Gold sales fall sharply on soaring price

    What now, after Saddam's capture?

    Water problem: Don't allow it to precipitate

    RBI trying to square a circle

    In Focus
    Steel Industry in 2003
    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
    Dec. 7-Dec. 13
    Koodankulam to have 4 more reactors

    Sugar exports losing momentum

    CAS: Several issues unresolved as date with Delhi nears

    `EPF claims to be settled in days'

    Oil Ministry moots cut in duties — Move may hit refining margins

    Bengal leads in small savings, lags in industrialisation

    `US plan to cut tariff may push steel prices up'

    Pharma sector can double market size in 7 yrs, says Ranbaxy CEO

    Industrial growth slips to 5.4 per cent in Oct


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