Financial Daily from THE HINDU group of publications
Friday, December 19, 2003
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INDUSTRY & ECONOMY

EMPLOYMENT


Organised sector jobs shrink 5 consecutive years (1998-02)
CALL it a coincidence or whatever, but every single year of the tenure of the present as well as preceding BJP-led Government has witnessed a decline in organised sector jobs. In the initial post-liberalisation period, total organised sector ... More

AWARDS & HONOURS


4 Indian students bag Dubai media contest awards
FOUR Indian media students have bagged awards and prestigious internships at the Dubai Media City's Ibda'a Media Awards. The students, who figured among the final nine winners were awarded at a special ceremony held in Dubai on Wednesday ... More

ECONOMY


Country poised for high growth regime
THE Indian economy is expected to grow by more than seven per cent in terms of real GDP during the current financial year. The growth is spearheaded by industrial growth in general and manufacturing growth, in particular. The overall investment ... More

FOREIGN TRADE


Singapore keen to promote textile sourcing from India
THE Singaporean textile and garment businesses sees big opportunity for investment especially in joint ventures with Indian partners and outsourcing of fabrics and garments to facilitate their global textile trade. This was indicated by a ... More

HEALTH


Act changes come into force from January — Infant food cos in a spot
INFANT food manufacturers such as Nestle(Cerelac), Heinz(Farex), GlaxoSmithKline(Junior Horlicks) and host of others will soon have to put the brakes on promotional activities, thanks to an amendment that expands the purview of the existing Act ... More

Radiology meet from January 8
OVER 2,500 experts in radiology from India and abroad will take part in the 57th annual Congress of Indian Radiology and Imaging Association (IRIA) to be held here from January 8 to 11. The experts would discuss latest trends in the field such ... More

PETROLEUM


First LNG tanker to touch Indian shores by Jan-end
THE Indian shipping industry and the domestic energy sector will have a significant tryst with destiny in the last week of January when the first LNG consignment will touch Indian shores at Dahej. The cargo will be carried by the 1.35 lakh ... More

Govt may raise OIL's equity in Numaligarh Refinery: Shourie
THE Government is considering a proposal to raise the equity of Oil India Ltd (OIL) in Numaligarh Refinery from 12.35 per cent to 26 per cent, the Disinvestment Minister, Mr Arun Shourie, informed the Rajya Sabha on Thursday. Mr Shourie said ... More

PSU index touches new high as oil stocks gain
STRONG buying in the shares of State-owned oil and energy companies on Thursday lifted the BSE PSU index to an all-time high. The index closed at 3,493.13, up 136.81 points (4.08 per cent). In comparison, BSE index gained 36.7 points (0.68 per ... More

TN petro dealers' plea to oil cos
THE Tamil Nadu Petroleum Dealers Association has requested oil companies to withdraw a proposal urging oil tanker owners to cut transport charges for ferrying petroleum products by about 25 per cent. The four oil companies - Indian Oil ... More

POWER


LS passes Electricity Bill
THE Lok Sabha today passed three amendments to the Electricity Act, 2003. The amendments seek to dilute the anti-theft provisions to avert misuse, set a three-to-five years timeframe for introduction of the `Open Access' scheme and clip the ... More

Power tariff hike likely in Kerala next year
A HIKE in power tariffs looks certain in Kerala next year if one were to go by the revenue statement being submitted by the Kerala State Electricity Board (KSEB) to the State Electricity Regulatory Commission. The board has projected revenue ... More

TAXATION


Refund of service tax on inputs used for service exports soon
SERVICE providers can soon claim refunds on the service tax paid by them on the "input services" that are used to provide their exported "output service". For instance, refund can be claimed on the service tax paid on telephones that are used ... More

SSI


Wet grinder makers to join foundry units stir
THE proposed strike on Monday by the medium and big foundry units in Coimbatore in support of the striking tiny and small foundries is snowballing into a bigger stir with the wet grinder manufacturers too joining the strike. The Coimbatore Wet ... More

SME seminar
HYDERABAD: After making a mark in their respective areas, the small-scale units should strive to graduate into the next orbit and become large-scale units, said Mr N. Krishna Prasad, Deputy General Manager of Small Industries Development ... More

BREWERIES


Nepal to emerge as sourcing base for beer?
AFTER vanaspati and acrylic yarn makers, it may well be brewers who would be queuing up next to set up manufacturing facilities in Nepal to service the large Indian market. The reason: the Finance Ministry's decision to exempt beer imported from ... More

RADIO/TV


State-level panels mooted for CAS implementation
IT was stocktaking time by the State and Central Government on the implementation of the Conditional Access System (CAS). And the emphasis was on proper dissemination of information. According to multi-system operators (MSOs), questions on ... More

EDUCATION


Andhra Bank donates Rs 81 lakh to B-school
ANDHRA Bank has donated Rs 81 lakh towards building fund of the School of Management and Business Administration of Sri Venkateswara University in Tirupati. The Andhra Bank Executive Director, Mr R. Balakrishnan, handed over the draft for Rs 81 ... More

Pollachi college signs MoU with Canadian institution
THE Dr Mahalingam College of Engineering and Technology (MCET), Pollachi, has signed a Memorandum of Understanding (MoU) with the College of North Atlantic (CNA), Newfoundland, Canada to offer the latter's educational programmes from its campus ... More

MEDICAL INSTITUTIONS & HOSPITALS


BoI takes over hospital for dues
BANKS have started to leap forward by taking possession of properties of wilful defaulters of loans under the Securitisation Act, 2002. Bank of India for instance, has taken possession of all the securities of M.K. Selvaraj Children's Hospital ... More

Facelift for NIMS
HYDERABAD: The Nizam's Institute of Medical Sciences (NIMS) is all set to get a facelift soon, which will help the institute, attain the standing of the All-India Institute of Medical Sciences (AIMS). According to Dr Kakarla Subba Rao, ... More

LEATHER


Bengal warns of action against tanneries for non-compliance
THE West Bengal government is contemplating to take stern action against the owners of tanneries, who have failed to relocate their operations to the Calcutta Leather Complex (CLC). According to Dr Sabyasachi Sen, Principal Secretary, ... More

CINEMA


NTR award for Raj Kumar
HYDERABAD: Dadasaheb Phalke award winner and well-known Kannada film actor, Dr Raj Kumar, has been selected for the prestigious NTR National Film Award for the year 2002. Instituted by the Andhra Pradesh Government, the award carries Rs ... More

RURAL DEVELOPMENT


`Corporate India gearing up for Rural Olympics'
AFTER successfully demonstrating the vast and untapped potential in the rural markets through self-help groups that have an attractive corpus of over Rs 1,600-crore and made several insurance, micro-finance and fast moving consumer goods (FMCG) ... More

EVENTS


`Reforms must percolate to all levels of Govt'
THE Indian pharmaceutical industry has succeeded not because of Government and financial institutions but in spite of them, said Mr K. Varaprasad Reddy, Shanta Biotechnics' Managing Director, on the second day of the Madras Management ... More

Management students told to change mindset
MANAGEMENT students passing out from various institutes must be able to break free of the typical Kerala mindset that has prevented fresh air of change from permeating the portals of governance in the State, according to the Minister for IT and ... More

ENTREPRENEURSHIP


International women entrepreneurs' meet gets under way
WOMEN entrepreneurs today demanded they should be provided with an access to financial resources and linkages with agencies to facilitate exports to help support their initiatives. Addressing the international symposium of women entrepreneurs ... More

INCOME TAX


Assocham seeks upward revision in I-T slabs
THE Associated Chambers of Commerce and Industry of India has sent a proposal to the Government to discontinue with the surcharge levied earlier temporarily, revise upward the income-tax slabs and reduce the corporate tax from 35 per cent to 30 ... More

TOURISM


Galileo-Express award
HYDERABAD: Andhra Pradesh Tourism has bagged the Galileo-Express Travel and Tourism Award for `Best Technology Practices' instituted by Express Travel and Tourism. Ms Chandana Khan, Principal Secretary for Tourism (Government of Andhra ... More
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Top Stories
Act changes come into force from January — Infant food cos in a spot


Nepal to emerge as sourcing base for beer?

Gartner sees 96 pc growth in cellular phone base

Rabi sowing gathers momentum — Climate congenial as temperature dips

Train to Pak by Jan 1?

If China can, why can't India?

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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