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Tuesday, February 10, 2004

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INDUSTRY & ECONOMY

ECONOMY
Economy to grow by 8.1 pc in '03-04
THE economy is expected to grow 8.1 per cent during the current fiscal, led by a strong agricultural rebound and sustained buoyancy in both the industry and services sectors. According to the `advance estimates' of national income for 2003-04, ... More

`India can grow at higher than 8%' — Mr Jaswant Singh, Finance Minister
AFTER being in the limelight continuously ever since he unveiled the mini-Budget package in the run-up to the Interim Budget he presented in Parliament on February 3, the Finance Minister, Mr Jaswant Singh, appeared reticent at a ... More

GDP growth: Not a `statistical illusion'
THE Finance Ministry on Monday sought to dispel the impression that the current year's projected real gross domestic product (GDP) growth of 8.1 per cent was a one-time statistical illusion, aided by the low 4 per cent base of 2002-03. The ... More

ENVIRONMENT
Let paper and plastics coexist
There is no gainsaying the usefulness of each of the materials — plastic, paper, glass and steel. No product can substitute the other. More

EXCISE AND CUSTOMS
Ministry orders recovery of DEPB benefits
THE Finance Ministry has directed its customs field formations to initiate recovery action in cases wherein duty entitlement passbook (DEPB) benefits were extended on supplies made by the domestic tariff area (DTA) units to the special economic ... More

INFRASTRUCTURE
Kerala State Housing Board announces OTS scheme
THE State Government has approved a one-time-settlement scheme as part of the Kerala State Housing Board's (KSHB) drive to expedite recoveries. A KSHB spokesman said here that lakhs of customers who have availed themselves of housing loans and ... More

PETROLEUM
`Dahej-Uran gas pipeline EPC tendering in a fortnight'
THE Engineering Procurement Construction (EPC) contract for the Rs 1,400-crore gas transmission pipeline spanning the 500-km stretch between Dahej and Uran will come up for tendering in the next 15 days. This would follow close on heels of the ... More

POWER
PM dedicates 3 power projects to nation
THE Prime Minister, Mr Atal Bihari Vajpayee, today dedicated to the nation three major power sector projects that have been in commercial operation for at least six months. These are National Thermal Power Corporation's (NTPC) Rs 3,650-crore ... More

PM dedicates Simhadri project
THE Prime Minister, Mr Atal Bihari Vajpayee, dedicated the 1,000 MW Simhadri Thermal Power Project (STPP) of the National Thermal Power Corporation near Visakhapatnam to the nation from New Delhi by unveiling the plaque at the project site on ... More

STEEL
Ferro alloys body plea for lower power tariff
WITH cross-subsidisation of power tariffs posing a serious problem for the domestic ferro alloys industry, the Indian Ferro Alloys Producers Association (IFAPA) has urged the Government to make the power available to industry at internationally ... More

TAXATION

  • Service providers' survey in Madurai

    SSI
    `SSIs need exclusive policy for survival and development'
    THE Madurai District Tiny and Small-Scale Industries Association (Maditssia) has urged the Union and State Governments to frame an exclusive policy for SSIs to enable them to survive in a changing industrial scenario. It also called for simple ... More

    WATER
    Little progress in Ganga clean-up scheme: PAC
    The Committee pointed out that GAP-I was scheduled to be completed by 1990 but was declared complete only in 2000, while GAP-II, which was scheduled to be completed by 2001 has been extended till December 2008. More

    TN: Digging deeper for water
    WATER suppliers are a concerned lot. Not just the Government agency, Metrowater, but also the private tanker operators catering to a large part of Chennai. Business is bound to be good. But where does one go to get the water? Ground water is ... More

    Pune summit to highlight India's expertise in water management
    IN a bid to highlight India's experience and expertise in water management and irrigation systems and how other developing countries can benefit from them, the Federation of Indian Chambers of Commerce and Industry (FICCI) and the Department of ... More

    MANAGEMENT
    IIM-C students launch consulting consortium
    THE Consulting Club of the Indian Institute of Management (IIM), Calcutta launched an International Consulting Consortium (ICC) here on Monday, which will be in partnership with consulting clubs of 14 business schools across the world. The ... More

    RADIO/TV
    CAS: Area monopoly worrying stakeholders
    EVEN as there is uncertainty regarding the full implementation of Conditional Access System (CAS), the issue of `area monopoly' that is emerging among cable operators is worrying the stakeholders, including the indigenous consumer electronics ... More

    EDUCATION
    IIM-B weighing options to make good the loss
    NOW that the IIMs have more or less ruled out a legal recourse against the HRD Ministry's directive to impose a fee cut in their PGP (Post-Graduate Programmes) courses, the country's premier business schools are busy considering various options ... More

    Life sciences project gets 30-acre site
    IN a move towards the creation of the Indian Institute of Life Sciences, a centre of excellence for research and development and training for the life sciences sector, the Andhra Pradesh Government has endorsed the project, allotted a 30-acre ... More

    Govt `price control' comes under fire
    SHOULD the Government be regulating the fee structure for Indian Institute of Managements and other B-schools in India? The Government's penchant for `price control' at the management studies level has come in for criticism from the All-India ... More

    MEDICAL INSTITUTIONS & HOSPITALS
    Private hospitals join hands to reach out to patients
    ELEVEN private hospitals and healthcare institutes, operating in city, have come together in their search for more patients — domestic and overseas. The hospitals have created a platform called Association of Hospitals of Eastern India ... More

    INDUSTRY ASSOCIATIONS

  • TN Foodgrain merchants' plea

    TEXTILE MACHINERY
    Task force report on textile machinery may be delayed
    THE report of the special task force formed by the Centre under the Textile Commissioner to suggest measures to strengthen the domestic textile machinery-manufacturing sector may be delayed. The report, originally expected to be ready by this ... More

    DISINVESTMENT
    SC puts off hearing in sell-off cases
    THE Supreme Court on Monday stayed further proceedings in a writ petition pending before the Jodhpur Bench of the Rajasthan High Court challenging disinvestment in Hindustan Zinc Ltd (HZL). A three-judge Bench, comprising Chief Justice Mr V.N. ... More

    WTO
    In India's future trade wars...
    Democracy is the spear and shield

    Trade and real wars will appear winnable when American lawmakers are convinced that keeping jobs onshore is critical to their own political success. They will not be upset if New Delhi did what it takes to keep jobs onshore. India can show off what a great democracy it is in its own election year. It can use the power of self-proclamation and then use democracy as a weapon, say More

    EVENTS
    Workshop on safe food at Kochi
    AS a continuum of its study of enhancing competitiveness of processed food sector in Kerala, CII is organising a workshop on safe food here on February 13. The objective of the workshop is to disseminate information on the various aspects of ... More

  • Rehabilitation workshop at Kochi
  • Scientific meet at Hyderabad

    EXPORTS & IMPORTS
    Foreign flag ships chartering — Exporters unaware of cancellation of pre-approval norms
    DOMESTIC charterers (exporters/importers) and shipping companies have been caught napping. They have been flocking to the Director General of Shipping seeking permission for in-chartering of foreign vessels and for making dollar remittances ... More

    Weekend Valentine's wilts rose exports — But ducks Dutch auctions to bloom `direct' on foreign shelves
    A WEEKEND Valentine's Day has taken the sheen off Indian rose exports as sales plummeted by as much as 34 per cent even as local firms have managed to beach-head directly into top retail chains, such as Sainsbury, Tesco and Wal-Mart subsidiary ... More

    US merchandise exports up 21 pc — `Growing trade gap needs rectification'
    MR George N. Sibley, US Consul General in Kolkata, has said that in the first nine months of 2003-04, US merchandise exports to India were up 20.8 per cent over the same period a year earlier. After being stuck in the $3.4 billion-$3.7 billion ... More

    BEARINGS, CASTINGS & FORGINGS
    `Diversify exports of castings to US, Canada'
    "We are not even America's largest trading partner in terms of turnover, as we are 20th in the pecking order." More

    PEOPLE
    M.P. High Court CJ appointed SAT presiding officer
    THE Finance Ministry has appointed Mr Justice Kumar Rajaratnam, Chief Justice of the Madhya Pradesh High Court, as Presiding Officer of the Securities Appellate Tribunal (SAT). Anyone aggrieved over an order passed by the Securities and ... More

    TRENDS
    `Consolidation likely in cement, telecom, power sectors'
    CEMENT, telecom and power sectors are expected to witness a number of merger and acquisition deals in the near future. These sectors are in for further consolidation and will reach a mature stage with seven to eight large players in each sector, ... More




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  • Top Stories
    Participation in derivatives
    MFs can invest up to 50% of net asset: SEBI


    New dredging policy in muddy waters — Dredging Corporation IPO may be hit

    LIC collects Rs 2,021 cr from pension, group schemes

    From Green to Grey Revolution

    PM dedicates 3 power projects to nation

    Foreign flag ships chartering — Exporters unaware of cancellation of pre-approval norms

    Looking back
    Feb. 1-Feb. 7
    `Leather industry must work on promoting brands'

    Ban on Thai chicken meat export — Suguna looking to tap additional export potential

    Traditional products pull down H1 export growth

    Shipping cos make most of freight market boom

    Hyundai emerges as second biggest exporter

    Indo-Thai free trade pact — `Thai imports may hit auto component cos'

    Small savings collections surge 23 pc

    Defence gets Rs 25,000-cr non-lapsable upgrade fund

    This century belongs to biology: Ambani

    Pharma majors to slug it out on the cricket field

    Plan for 6 new AIIMS: What's in it for us?

    Farm sector growth no longer linked to foodgrains output

    `Feel-good factor' spills over to sugar industry — Surcharge sop on ethanol for petrol extended

    Steel prices go up; third time since Dec

    No UK move to curb outsourcing, says Jack Straw

    Govt lists public offers in 6 PSUs


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