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, ...
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`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 ...
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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 ...
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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.
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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.
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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. ...
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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
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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 ...
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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 ...
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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 ...
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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 ...
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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."
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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 ...
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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, ...
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