The Hindu Business Line : Sunday, June 13, 2004

ECONOMY
Reforms will be continued, says Karnataka Minister
ALLAYING fears of the industry and business on the newly-elected Government's stand on economic reforms, the Minister for Water Resources and Transport, Mr Mallikarjuna Kharge, said on Saturday there would be no going back on the promised ... More

PETROLEUM
BHEL, OIL sign MoU for land rigs upgradation
BHEL Hyderabad has signed a memorandum of understanding (MoU) with the Oil India Ltd (OIL), on Saturday for the refurbishment and upgradation of their land rigs. Under the agreement BHEL is expecting business to the tune of Rs 100 crore from ... More

STEEL
Paswan proposes steel regulatory commission
THE Minister for Steel, Chemicals and Fertilisers, Mr Ram Vilas Paswan, on Saturday proposed the setting up of a National Steel Regulatory Commission for looking at the pricing and distribution issues of the domestic steel industry. This, he ... More

Steel industry confused
THE steel industry is confused over the Steel Minister's sudden announcement suggesting a regulatory authority for the steel industry. A senior official of the Steel Ministry, when contacted, also was not clear on what sort of regulatory body ... More

ISA defends steel price hike
INDIAN Steel Alliance has defended the rise in steel prices, saying that such price hike was forced upon the steel manufacturers by the unprecedented escalation in input prices. Indian steel industry has been under attack for some time now, ... More

RADIO/TV
News channels scene hotting up in South
FOR broadcasters, the South is sizzling. Competition among broadcasters is hotting up with several regional news channels set to go on air in the forthcoming months. Consider this: At least three Telugu news channels — one each from the ... More

FOODS & FOOD PROCESSING
Australian agro processors keen to set up facilities
AFTER business process outsourcing, India could become a major destination for investments in agro process outsourcing, according to Mr C. Sarat Chandran, Director, Indo-Australian Chamber of Commerce. Addressing presspersons here, Mr Chandran, ... More

REAL ESTATE & CONSTRUCTION
Property valuation: ICAI seeks scrapping of Section 50C of I-T Act
VALUATION of land and building for the purpose of capital gains computation under the income-tax law continues to be a thorny issue for many assessees. The Institute of Chartered Accountants of India (ICAI) has now come out in support of a ... More

GENDER
FLO signs MoU with Pak chamber
THE FICCI Ladies Organisation (FLO) and Women's Chamber of Commerce and Industry (WCCI), Pakistan, have signed a memorandum of understanding with a view to increasing interaction between businesswomen of the two countries. Ms Namita Gautam, ... More

SMALL SAVINGS
PF defaults go up 14 pc
THOUGH the economy is buoyant and the Left partners of the Congress-led UPA coalition are pitching for an upward revision of interest rate on provident fund deposits from last fiscal's 9.5 per cent to 12 per cent annually, the total PF default ... More

EVENTS
`MNCs must customise products with local needs'
THE West Bengal's Minister for Information Technology, Mr Manab Mukherjee, has said that India needs companies that can meet the demand for third country-specific products. Speaking at the Annual National Conference of the Business & Industry ... More