Financial Daily from THE HINDU group of publications
Sunday, January 02, 2005
Financial Daily from THE HINDU group of publications Sunday, January 02, 2005 |
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INDUSTRY & ECONOMY ECONOMY `US economic expansion to continue this year' ACCORDING to a forecast put out by the Bush Administration last month, the GDP of the US will grow at a real, inflation-adjusted rate of 3.5 per cent in 2005; as compared to the International Monetary Fund projection of 2.3 per cent for Japan and ... More
H1 fiscal deficit down 24.5 per cent STEEL Customs duty on defectives of steel and iron slashed THE Finance Ministry has slashed the customs duty on imported seconds and defectives of iron and steel from 40 per cent to 20 per cent. Full exemption from customs duty has been given on certain specified parts used in the manufacture of static ... More
Vizag Steel gets Godavari water TAXATION Finance Ministers to discuss VAT preparedness STATE Finance Ministers are to meet on January 5 to take stock of their preparedness for introduction of value-added tax (VAT) regime that would replace sales tax system from April 1, 2005. Informed sources said that the Empowered Committee of ... More TEXTILES Textile industry set to double share in global market: Study THE phasing out of the multi-fibre agreement (MFA) on January 1 provides India the opportunity to increase its share in global textiles and garments exports to 8 per cent in 2010 form the present 3.9 per cent. This would enable the sector ... More FOODS & FOOD PROCESSING Sugar prices: Not a sweet beginning for food industry THE year has not begun on a sweet note for the food industry. Sugar, a key ingredient in a number of food products including biscuits, confectionery, colas, chocolates and other desserts, has seen a sharp price spurt over the last few days. ... More LEATHER 
Domestic leather industry: Pace picks upTHE domestic leather sector saw a slew of policy announcements by the Government last year to unleash its potential. The industry too responded fittingly by reporting a several-fold increase in orders from European and US retailers. The ... More KNITWEAR & HOSIERY Knitwear exporters seek relook at DEPB rate cut THE cotton textiles sector is upset over the revised duty entitlement pass book (DEPB) rates announced by the Government for exports. The Tirupur Exporters Association, representing the predominantly cotton knitwear exporters in the region, has ... More
AEPC seeks restoration of DEPB rates on cotton items TEXTILE MACHINERY Knitting technology fair likely to generate Rs 600-cr business THE eighth edition of the knitting technology trade fair, `Knit-tech 2005' scheduled to be held in Tirupur between February 24-28, 2005will see the stall floor area of the fair going up to three lakh sq.ft. The trade fair, approved by the India ... More BIO-TECH & GENETICS 
`Reap biotech rewards thru suitable infrastructure'DR Raghu Kalluri, Associate Professor of Medicine at the Harvard Medical School, and the Programme Director in Matrix Biology in Boston, has founded about six biotechnology companies in the US and has embarked on a mission to integrate the IP ... More NATURAL CALAMITIES Corporates contribute to relief fund CORPORATES are increasingly coming forward with relief packages to help the tsunami victims. The Hyderabad-based cargo and logistics major, Gati Ltd, has offered to carry clothes, food and other relief material free-of-cost in its cargo ships ... More
Dalal Street's crisis matrix
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Looking back Dec. 26-Jan. 1 Cipla, Ranbaxy working on anti-AIDS drugs for kids `We can meet bulk demands from textile retailers' Rise in cashew exports to US Economic blockade hits goods transport in Nepal Tidal waves leave behind a tale of death & destruction in TN RBI package for tsunami-hit States Mallya seen gaining ground in liquor industry Software exports up 30 pc in first half: ESC Steel: Eventful and action-packed year Tsunami alert system: DST calls for brainstorming in Jan CCEA okays Rs 692-cr expansion plan for NLC GAIL to pick up 33% stake in IOC's LNG terminal `Tsunami may leave marine species unscathed' Tax tribunal Bill provisions draw flak from experts Competition intensifies in petroleum retail market Will we ever learn? Tsunami effect — Close-to-sea land prices may see temporary dip Oil firms float fresh tender for ethanol — To meet UP, Uttaranchal requirements `Mangroves vital for mitigating impact of disasters' `No major cancellations to SE Asia' `Potential gains from free trade in textiles meagre' `Tsunami impact on marine sector brief' External debt rises marginally to $113.6 b — Short-term debt up by 3.9 pc to $6.485 b in September quarter Auto components make robust strides |
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