INDUSTRY & ECONOMY
EMPLOYMENT
Happy days ahead for job hunters
GOOD news for job hunters. Placement agencies predict across the board hiring, in all sectors, at all levels in 2004. Business school graduates are looking forward to a placement season where the toughest choice they make will be which out of ...
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ECONOMY
GDP growth surges 8.4% in Q2 — Strong performance in a decade aided by farm, industry
As per the latest estimates of GDP released by the Central Statistical Organisation, GDP at factor cost at constant (1993-94) prices for Q2 of 2003-04 is estimated at Rs 3,23,414 crore, against Rs 2,98,345 crore in Q2 of 2002-03.
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Current a/c turns surplus at $500 m
THE country's current account registered a surplus of $0.5 billion in the July-September quarter as compared to a deficit of $1.2 billion in the previous quarter. Prior to that the country had witnessed surplus positions for six consecutive ...
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CII predicts 9 pc GDP in third quarter
THE Confederation of Indian Industry (CII) on Wednesday predicted that the gross domestic product (GDP) growth during the third quarter of the current fiscal year is likely to reach 9 per cent. The Central Statistical Organisation (CSO) today ...
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`Feel-good factor is for real'
NO year in recent history has ended and another begun at such a rich note as this. Year 2003 has ended with a GDP growth of over six per cent in the last quarter, foreign exchange reserves of over $100 billion, a balance of payment surplus that ...
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Chamber tells Kerala Govt to avoid over-spending
THE Kerala Chamber of Commerce and Industry has submitted a pre-budget memorandum to the State Government requesting for fiscal discipline and transparency so as to allay the fears of trade and industry. The chamber President, Mr E.S. Jose, ...
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Kerala Cabinet okays Rs 4,800-cr annual Plan
A MEETING of the State Cabinet has approved the Rs 4,800-crore annual Plan for the next financial year (2004-05). Briefing newspersons on the proceedings, the Chief Minister, Mr A.K. Antony, said the next year's plan would give focussed ...
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Hostile takeovers still difficult: Paul
HOSTILE takeovers are still difficult in India, feels Lord Swraj Paul, the India-born British peer, who made news in the early 1980s by trying to seize control of Escorts and DCM. In a meeting with journalists from the Hindu group of ...
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Economy is fine, but time Govt profligacy ends
ALTHOUGH India has been known as one of world's fastest growing significant economies, never has it caught global attention in a positive way as it has now. In the same vein, never in the recent past has a new year dawned with such robust ...
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External debt up $7.84 b in first half
THE country's external debt has gone up by $7.84 billion during the first half of the current fiscal. According to the Finance Ministry, the total debt stock as on end-September 2003 amounted to $112.54 billion, compared to the end-March 2003 ...
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FOREIGN TRADE
Lanka, Kerala in talks for tie-ups
THE Governments of Sri Lanka and Kerala are in discussions to forge partnerships in several areas including tourism, health, education and fisheries, says an official press release. Mr Ravi Karunanayake, Minister for Commerce, Sri Lanka, and ...
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FICCI hopeful of free trade pact at SAARC summit
THE Federation of Indian Chambers of Commerce and Industry (FICCI) today expressed `confidence' that the SAARC nations would be able overcome all bottlenecks on the way to signing of SAARC Free Trade Agreement (SAFTA) at the forthcoming summit to ...
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PETROLEUM
Petrol, diesel prices go up
THIS new year, consumers will have to shell out Re 1 to Rs 1.20 more per litre of petrol and diesel, as prices across Delhi, Mumbai, Kolkata and Chennai have been hiked from midnight today. The prices will vary from State to State as per local ...
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POWER
KSEB allowed to hold on to current tariffs this fiscal
THE Kerala State Electricity Regulatory Commission (KSERC) has approved a Kerala State Electricity Board (KSEB) request for maintaining existing tariffs and other charges for the remainder of year 2003-04. Briefing newspersons on directives on ...
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TAXATION
Chamber seeks clear norms to claim tax exemption on secondary services
WITH a new service tax regime on `export of services' in the offing in the next few months, a section of Corporate India is hoping that the Finance Ministry will not disturb the applecart on the taxability of secondary services that are consumed ...
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TEXTILES
Textile sector emerges flavour of the year
FOR the textile industry, 2003 has been a year of bonuses, with some unforeseen stumbling blocks. It started off with the Finance Ministry announcing a slew of sops for the textile industry - reducing import and excise duties and completing ...
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WATER
Water level declines in Kerala
THIRUVANANTHAPURAM: Water level at the three major reservoirs in the State - Idukki, Kallada and Idamalayar - declined marginally when compared with levels recorded during the last week. According to figures released by the Central ...
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RADIO/TV
CAS may be deferred in Delhi
EVEN as the cable industry today said the pay channels would go off air after midnight, the implementation of the Conditional Access System (CAS) in the Capital looks unlikely. The Central Government today said it would review the issue after ...
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EDUCATION
South Asia Intl Institute plans revamp
CARS
Premium-end vehicles set to enter market
FOR car lovers, the New Year is set to bring in a bevy of new options. If you thought buying a car in 2003 was a brain-racking exercise, watch out for 2004. At least 15 new models/variants are set for launch in the passenger vehicles market ...
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MEDICAL INSTITUTIONS & HOSPITALS
Global Hospitals' offer
SCIENCE & TECHNOLOGY
Anna University to launch micro satellite — Plans to start management institute
The University would also be a local centre for ISRO's Education Satellite (Edusat). To be launched in June 2004, Edusat would provide ICT (information, communication and technology) based education.
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`Forensic Week' programme in Hyderbad
CINEMA
Tinsel world sees a bright picture
BOLLYWOOD had a relatively better year in 2003 than 2002. And 2004 could be better. Call it wishful thinking, but the industry is hoping for some better times in the new year. The Indian film industry, which has been in a state of metamorphosis ...
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Film industry crippled by piracy, clichéd themes
LEAVING behind a "disastrous" year, the Telugu film industry is looking ahead with optimism, thanks to the success of two low-budget films Missamma and Satyam towards the end of the year. Video piracy, competition from satellite ...
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NEWSPAPERS & PUBLISHING
Newspapers circulation goes up 24 pc
THE total circulation of newspapers across the country grew by 24 per cent, from 11.52 crore copies in 2001 to 14.2 crore copies in 2002-03 according to the 47th Press In India report. This increase can be attributed to the larger number of ...
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DISINVESTMENT
Kotak, DSP, Morgan get mandate for ONGC float
BARELY a week after the Cabinet Committee on Disinvestment (CCD) cleared the sale of 10 per cent equity in ONGC and Gail (India) Ltd, the Disinvestment Ministry has appointed Kotak Mahindra Capital Co, DSP Merrill Lynch and JM Morgan Stanley as ...
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SOCIAL WELFARE
Women's association seeks total prohibition
THE All-India Democratic Women's Association (AIDWA) today made an attempt to add prohibition to the agenda of major political parties. "We will ban arrack and adhere to the prescribed norms in selling liquor," Mr D. Srinivas, President of the ...
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EVENTS
GITEX: Subsidy for AP cos
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