Financial Daily from THE HINDU group of publications
Tuesday, December 30, 2003
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INDUSTRY & ECONOMY

EMPLOYMENT


GDP growth fails to check plunge in jobs
THERE has been a sharp fall in employment generation since 1993-94, despite the sustained and accelerated growth in the Indian economy. "The employment growth fell to 1.07 per cent per annum between 1993-94 and 1999-2000 from 2.7 per cent per ... More

ECONOMY


Analyst picks holes in Kerala model of development
THOUGH the Kerala model of development has put human resource development and quality of life improvements at the forefront of policy imperatives, Dr P. Nandakumar, faculty at the Indian Institute of Management, Kozhikode, has said it "did not ... More

THE YEAR THAT WAS
A year of false starts and pipedreams for Kerala
CONTRARY to expectations, 2003 is coming to a close without any significant development on the economic front in Kerala, barring the Global Investor Meet in January last. Low revenue realisation and increased spending resulted in the State's ... More

HEALTH


Impact of AIDS on business
AT the broadest level, businesses are stated to be dependent on the strength and vitality of their workers and customer base. In this context, Acquired Immunodeficiency Syndrome (AIDS) increases the cost of doing business, reduces productivity ... More

AP: Minister hits out at junior docs for going on strike
THE Panchayat Raj Minister, Mr N. Janardhan Reddy, has faulted junior doctors in the State for going on a strike on certain policy issues without really understanding the implications and urged them to call off the agitation. The junior doctors ... More

HOTELS


Cabarets no longer `decadent' for Bengal
THE Left Front Government in West Bengal and its people in the city are no longer shy to lap up the "human body" in the form of cabaret shows, although the same shows were banned by the same Government in the mid-70s considering it a part of ... More

INFORMATION TECHNOLOGY


`Distributed computing can help bridge digital divide'
DISTRIBUTED computing in India can go a long way in bridging the digital divide in the country. This was the view of several speakers and participants at the 5th international seminar on distributed computing, organised here jointly by the Indian ... More

PETROLEUM


Govt to unveil 5th round of oil, gas exploration soon
THE fifth round of the New Exploration Licensing Policy for oil and gas will be announced in April. This would allow the Government to award more blocks for discovery of more oil and gas. The third round of bids for coal bed methane would also be ... More

POWER


NTPC Simhadri Project targets 90 per cent PLF
THE 1,000-MW NTPC Simhadri Power Project running at a plant load factor (PLF) of 87 per cent, expects to touch 90 per cent by this year-end and surpass it to reach the optimum level sometime during the next year. The project's General Manager, ... More

L&T wins Rs 700-cr power plant order from GMR group
LARSEN & Toubro has secured a Rs 700-crore contract for putting up a 388.5 MW power plant near Rajamundry in Andhra Pradesh, said a news release from the company. The gas turbine plant will be set up for Vemagiri Power Generation Ltd, part of ... More

TAXATION


Direct tax collections rise 22 pc
DIRECT tax collections up to December 22 touched a level of Rs 63,026 crore, which is about 65.95 per cent of the budgeted target of Rs 95,569 crore for fiscal 2003-04. This performance reflects a 22.03 per cent increase to the direct tax ... More

TEXTILES


Powerlooms, SSI spinners seek incentivising own investments
THE small scale textile producers, including the SSI spinners and the powerloom cloth weavers, have put up a case for incentivising those portion of the capital investment brought by them outside the institutional funding route to fund their ... More

WATER


THE YEAR THAT WAS
Ripples in packaged water biz too
EARLIER in the year, in February to be precise, CSE had opened a can of worms, this time involving the Rs 1,200-crore packaged water industry. For packaged water too, the allegation was pesticide residues. The CSE study had analysed 17 brands ... More

RADIO/TV


Pay channels may cost more
THE new year may see residents in non-CAS areas having to dole out a higher monthly cable bill. According to indications provided by the cable industry, the rates of most of the pay bouquets are set to go up as broadcasters are renewing their ... More

EDUCATION


Kochi Ad Club to start one-year diploma course
THE Advertisement Club of Kochi is scheduled to start a one-year PG Diploma Course in Advertisement Management from February 2004. The course will be conducted in association with advertisement and media professionals. "The Ad Club Kochi has ... More

BEVERAGES


THE YEAR THAT WAS
Controversy-ridden year for soft drinks
THE soft drinks industry met its waterloo in 2003. While the year began on a healthy note - growing at a healthy 25-30 per cent during the first-half of the year, thanks to an aggressive push strategy for the Rs 5 price point and scale of ... More

`Villagers' disrupt House panel hearing on Coke
AN Assembly Subject Committee on Water Resources and Electricity holding a hearing here on the Plachimada Coke bottling plant controversy had to contend with anti-Coke activists creating a ruckus just outside the venue. The Electricity ... More

JUTE


Jute workers in Bengal go on strike
THE jute industry workers of West Bengal have gone on an indefinite strike from Monday in response to call made by 15 central trade unions demanding higher dearness allowance and others. The trade union leaders and mill owners confirmed that ... More

DISINVESTMENT


ONGC, Gail: Govt calls for bids from merchant bankers
THE Government has decided to cut short the time-consuming procedural steps involved in the appointment of merchant bankers/lead managers to help sell equity in ONGC and Gail within the remaining three months of the current fiscal. "The ... More

FOREIGN DIRECT INVESTMENT


Rs 77.11-cr worth FDI proposals approved
THE Union Finance Minister, Mr Jaswant Singh, today approved 34 proposals recommended by the Foreign Investment Promotion Board (FIPB), in its meeting held on December 19. The approvals amount to Rs 77.11 crore. The major investment proposals ... More

EVENTS


Industrial expo in Jan in Hyderabad
COME January and the Numaish or the All-India Industrial Exhibition will be back hosting about 2,700 stalls featuring trade, industry, commerce, where hundreds of dealers and manufacturers from all over the country will showcase their products ... More

INCOME TAX


Multi-pronged strategy to recover income-tax arrears in Bengal
THE Income-Tax Department (West Bengal), whose jurisdiction extends to Sikkim and the Andaman & Nicobar Islands, as part of a national effort, has evolved a multi-pronged strategy for recovery of arrears. This includes putting in place an ... More

EXPORTS & IMPORTS


Punjab's case for wheat export to Pakistan before Foreign Ministry
THE Punjab Government has sought the Centre's permission for the export of wheat to Pakistan. The State Chief Minister, Capt. Amarinder Singh, has taken up with the Union Minister of Consumer Affairs, Mr Sharad Yadav, the issue of opening up of ... More
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Mid-Term Monetary and Credit Policy for the year 2003-2004

Pick a Winner Stock Market Contest

Top Stories
Cabarets no longer `decadent' for Bengal


$100 billion: Understated, underexplained

GDP growth fails to check plunge in jobs

Syndicate Bank to offer Sabbatical

Govt to test pesticide residue in grapes for export at farm level

Equity funds are one up on market-linked insurance plans

The bittersweet saga of sugar

Controversy-ridden year for soft drinks

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. 21-Dec. 27
Turning municipal waste into fuel — Selco power plant model in AP shows the way

CEOs hopeful of double-digit growth in sales

Patents (Amendment) Bill introduced

Core sector growth at 5.2 pc in Nov

Rice exports likely to remain dormant

Steel majors to gain from stable prices

`10 pc stake sale in ONGC, GAIL first; cross-holdings unlock later'

Exporters going dollar-shy, take a fancy to euro

New launches drive car sales

Engg goods, chemicals, jewellery help exports rise 7.7% in April-Aug

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

Realtors upbeat with higher growth in 2003


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