The Hindu Business Line : Sunday, September 12, 2004

ECONOMY
RBI tightens liquidity to curb inflation — Cash reserve ratio hiked to 5 pc
IN a bid to check the liquidity overhang in the system, the Reserve Bank of India has hiked the cash reserve ratio (CRR), to be maintained by banks, by 50 basis points to 5 per cent of their demand and time liabilities. The CRR will be raised ... More

Indian Americans more educated, more wealthy
IT is generally known that Indian community in the US is both wealthy and well educated. But what is not so well known is that gender discrimination prevails there too. According to a comprehensive report brought out by the Indian American ... More

Approach to Mid-Term Appraisal — Plan panel paper maps out reform areas
THE Planning Commission holds out hope that the economic reform process will not only be continued, but also be consolidated to provide maximum benefits to the people. The Approach to the Mid-Term Appraisal (MTA) paper circulated at the ... More

PHARMACEUTICALS
Pharmexcil plans more interactive meets for exporters
PHARMEXCIL, the newly formed export promotion council for drugs and pharmaceuticals, organised the first formal interactive meeting here on Saturday for enabling pharmaceutical exporters to have direct interaction with export-related officials ... More

WATER
Indo-Bangladesh talks on Teesta water sharing
NEW DELHI: An Indian delegation will visit Bangladesh to work out details of sharing of Teesta river waters from September 13 to 16. The 11-member team led by the Secretary of the Ministry of Water Resources, Mr V. K. Duggal, will be a ... More

RADIO/TV
Doordarshan not to charge rental for DTH
DOORDARSHAN is to start direct-to-home (DTH) telecast this month, FM radio stations are to multiply, All India Radio is to widen its reach and community radio stations are set to grow. "This will be a fairly important year for broadcasting," said ... More

FOODS & FOOD PROCESSING
`Ready-to-eat market growing fast'
THE ready-to-eat (RTE) industry, still nascent in India, is estimated to be around Rs 50 crore and growing at 30 per cent a year . "The RTE market is growing fast, but on a small base," said the Head of Marketing, ITC Foods, Mr Hemant ... More

PAPER, BOARD & NEWSPRINT
Excise duty cut to 12% for non-wood based paper industry
THE non-wood-based paper industry, which contributes to over 65 per cent of the country's total paper production, has received a shot in the arm, with the Government lowering the excise duty on the sector from 16 per cent to 12 per cent. The ... More

INDUSTRY ASSOCIATIONS
German body, FICCI sign MoU
THE German Food Processing and Packaging Machinery Association of VDMA has signed a memorandum of understanding (MoU) with the Federation of Indian Chambers of Commerce and Industry (FICCI) along with its food wing, the Confederation of Indian ... More

SMALL SAVINGS
PO schemes gross funds mobilisation up 23 pc
DESPITE the fact that the interest rates on various post office (PO) schemes have fallen drastically in over the last decade, their gross funds mobilisation has increased from Rs 27,292 crore in 1992-93 to Rs 1,45,550 crore by the end of 2003-04, ... More