Financial Daily from THE HINDU group of publications
Saturday, December 27, 2003
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INDUSTRY & ECONOMY

EMPLOYMENT


227 MBA students get placements through Managemantra
AT the end of Managemantra 2003, a two-day interaction among corporate, institutes and students on placement, various companies offered 227 final year MBA students job opportunities. Around 250 students from 42 colleges from the southern region ... More

ANTI-DUMPING


Dumping duty on copper clad laminates may be withdrawn
BARELY after recommending preliminary anti-dumping duty on copper clad laminates imported from China, Taiwan, Hong Kong, South Korea, Singapore, the Philippines and Thailand, the Designated Authority in the Commerce Ministry has recommended its ... More

Dumping probe against mica pearl imports
THE Designated Authority in the Commerce Ministry has initiated anti-dumping probe on all imports of mica pearl pigment from China, Japan, US and the European Union (EU). Sundarshan Chemicals, Pune had filed the petition seeking anti-dumping ... More

ECONOMY


Creating good investment climate `is the need of the hour'
CREATING a good investing climate is the need of the hour, Prof T.N. Srinivasan of Yale University, told journalists here. He made this remark against the backdrop of two positive-looking developments in the Indian economy, the rising foreign ... More

External borrowings for balanced growth: Naidu
DEFENDING the State borrowings, including funds from external agencies, the Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, on Friday said these funds were aimed at bringing in a balanced growth across 24 growth engines charted out by the ... More

FOREIGN TRADE


SAARC international fair begins today — FIEO team to discuss major trade issues with Bangladesh
A 31-MEMBER first such multi-products trade delegation put together by the Federation of Indian Export Organisations (FIEO), Eastern Region, is leaving for Bangladesh on Saturday to participate in the fifth SAARC International Trade Fair ... More

INFRASTRUCTURE


Bengal plans to give SEZ status to new areas
THE West Bengal Government has already started working on the modalities to give Special Economic Zone (SEZ) status to some new areas of industrial activity. The Government seeks to provide not only a one-window facility to investors in the SEZ ... More

Pipe dream?
Workers unloading pipes in Kelambakkam, 30 km from Chennai for the Rs 720-crore Veeranam project which will bring drinking water from the Veeranam lake near Villupuram to Chennai. The project is scheduled to be completed by May 2004 and will ... More

POWER


Power sector likely to attract Rs 2,655-cr worth investments
WITH various companies evincing interest in setting up thermal, mini-hydel and diesel power generation units in Karnataka at the recently-concluded Coastal Investors Meet in Karwar , the proposed investment in this sector is likely to reach Rs ... More

Power tariff hike ruled out in AP
HYDERABAD: Despite projecting a substantial revenue gap of Rs 1,535 crore during the year, the Transmission Corporation of Andhra Pradesh (APTransco) has not proposed any hike in power tariff for the coming 2004-05 financial year. ... More

STEEL


Ministry to help Alloy Steel Plant get auto orders
EVEN as the issue of transferring the Alloy Steel Plant (ASP) of Steel Authority of India Ltd (SAIL) to the Department of Defence Production has been put in the backburner, the Ministry of Steel is likely to take a big step forward to help it ... More

TAXATION


Consider Kelkar report, Kerala Chamber tells Centre
THE Chamber of Commerce, Thiruvananthapuram, has urged the Twelfth Finance Commission to recommend to the Centre the implementation of the Kelkar Committee report and bringing the services of lawyers, doctors, hospitals and diagnostic centres ... More

SSI


Maditssia submits memorandum to Prime Minister
A DELEGATION of the Madurai District Tiny and Small-Scale Industries Association (Maditssia), led by its President, Mr K. Ramachandran, met the Prime Minister, Mr Atal Bihari Vajpayee, in New Delhi recently and submitted a memorandum for the ... More

COAL


Cost-effective Vietnamese coal draws good response
VIETNAM has received fairly good response from a section of local coal consuming industries for its anthracite coal. The response came during the " buyers and sellers" meet held here at the venue of 17th Industrial India Trade Fair, on ... More

PERSONAL PRODUCTS


THE YEAR THAT WAS
Poor rural offtake, shift in spends, keep FMCGs in slow mode
THE fast moving consumer goods (FMCG) sector could blame it on the absence of monsoon rains last year. But this year, despite abundant and widespread rains, the sector does not seem to have a respite from continuing sluggish demand. Rural ... More

EDUCATION


Toonz to set up 3D animation academy
AFTER having successfully placed 80 per cent of the graduates passing out of the first batch of its 6-month-long 2D animation course, Toonz Animation India, is all set to launch a new 3D Animation Academy at the Technopark premises here. The ... More

Quality of education on decline in Kerala
QUALITY of education at all levels in Kerala has been showing a decline due to financial constraints resulting from quantitative expansion of the sector. Shortage of resources has often resulted in insufficient funds allocation. As a result, ... More

FOODS & FOOD PROCESSING


Taxes on processed foods need to be rationalised
CORPORATES engaged in production of processed foods have started lobbying for abolition or minimisation of taxes in the food channel. One of the reasons is that at the prevailing levels of taxes, evasion is high in the unorganised sector, ... More

`Leave value-added food processing to MNCs'
THE West Bengal Minister in-charge of the Department of Food Processing Industries and Horticulture, Mr Sailen Sarkar, has advised small and medium-scale units in the food processing sector, to confine their operations up to semi-finished ... More

REAL ESTATE & CONSTRUCTION


Realtors upbeat with higher growth in 2003
THE mood is upbeat in the Indian real estate industry, as analysts feel that the year 2003 has been one of the best ever years. The industry, this year, has reportedly recorded a 30-35 per cent growth, compared with the 20 per cent growth last ... More

BIO-TECH & GENETICS


Venture funds `don't get enough attractive biotech projects'
IN the last decade since the upward trend in biotechnology begun in the country, about $100-million funds have been parked by venture capital firms in various start-ups and biotech companies. There are at least 70 different funds operating in ... More

FOREIGN DIRECT INVESTMENT


Gabriel Trade's Rs 900-cr FDI plan approved
THE proposal from the UK-based Gabriel Trade and Investment Company Ltd to set up a methanol manufacturing facility in Gujarat involving foreign direct investment (FDI) worth Rs 900 crore has been given the go-ahead by the Minister for Finance ... More

TOURISM


AP Tourism bets on facelift to temples
THE profile of temples in Andhra Pradesh would have a thoroughly revamped look — restored to their original glory, if a proposal put forward by the Andhra Pradesh Tourism Development Corporation (APTDC) gets the State Government ... More

STANDARDS & BENCHMARKS


CA, co secy quality board chief selection norms unclear
THERE is no final word yet on who would be eligible to occupy the post of chairman of the three separate quality review boards (QRBs) that are to be set up to review the quality of audit and other services rendered by chartered accountants, ... More

ECONOMIC OFFENCES


Framing of new economic offences code proposed
THE former Revenue Secretary, Government of India, Mr D. Bandopadhyay, at a recent workshop here on `Formulation of new Economic Offences Code for India' at the WB NUJS campus, said, "the intertwining of corporations, accounting & law firms, and ... More

PEOPLE


SC/ST panel chief
THIRUVANANTHAPURAM: Dr Bizay Sonkar Shastri, Chairman, National Commission for Scheduled Castes and Scheduled Tribes, will be arriving here on Sunday. According to an official spokesman, Dr Shastri would hold discussions with the ... More
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Top Stories
Nicholas Piramal buys out Ambalal Sarabhai stake in jt venture


Excess broiler stocks haunt poultry producers

Poor rural offtake, shift in spends, keep FMCGs in slow mode

Realtors upbeat with higher growth in 2003

Paving the way for global take-off of aviation sector

Managing forex reserves — Asian Bond Fund as a safety mechanism

In Focus
Budget Wish-list
Stocks: Dizzying Heights
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. 14-Dec. 20
FDI inflow in telecom plummets 97%

`India largest recipient of remittances in Third World'

`Over-prescription may lead to antibiotics crisis'

New debt swap package for States in offing: Jaswant

Coastal movement of POL products — Oil cos' proposal to water down cost

CII-Ascon survey shows growth at faster clip

FCI decision on grain export allocation in Jan

Supportive policy regime key to food processing: McKinsey

Move to create level-playing field for life-saving drugs

Act changes come into force from January — Infant food cos in a spot

Nepal to emerge as sourcing base for beer?

Oil cos: Cabinet nod for sale of cross-holding

SCI: A case of missed business opportunity


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