Financial Daily from THE HINDU group of publications
Wednesday, April 03, 2002
Markets (April 2)
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Cement majors report rise in March despatches
CEMENT despatches at ACC Ltd rose 23 per cent, month on corresponding month, during March. Despatches in March 2002 stood at 12.73 lakh tonnes whereas depatches in March 2001 stood at 10.32 lakh tones. Despatches at Gujarat Ambuja Cements ... More


BoP problem unlikely: Jalan
"The competitive structure is what makes you accountable ultimately, so we would have to promote a more competitive financial structure rather than the identity of ownership, in the medium-term," Dr Jalan said. More

Revised deficit target `within range'
"Indications are favourable since the Government did not resort to any market borrowings in March. However, the matching of receipts and expenditure could have also come about through a further compression in expenditure." More

Business community in Gujarat rues its stars
The figures ought to keep climbing by the day, but as there is no fool-proof way of checking out on loss on account of business not transacted or only partially transacted, the overall loss to the business community still remain pegged at around Rs 3 ,000 crore. More

M.P. CM seeks transfer of Central schemes to States
POVERTY alleviation schemes sponsored by the Central Government with international grants should be transferred to the respective Government and the Centre's practice of charging interest from the State Governments for international funds ... More

Tripura's plan size fixed
TRIPURA'S Annual Plan for 2002-03 has been fixed at Rs 625 crore based on identifiable resources of the State at a meeting between the Deputy Chairman of the Planning Commission, Mr K.C. Pant, and the State Chief Minister, Mr Manik Sarkar, on ... More

$ 250-m IBRD credit line to support AP Budget
"The funding is aimed at supporting the Andhra Pradesh Government which has initiated some of the most far-reaching reforms in India in the areas of governance, power sector and expenditure management,'' according to a World Bank official. More


Mineral water plant in AP leaves the locals high and dry?
COCA-COLA company's `Kinley' mineral water may be good to quench the thirst, but its production seems to be leading to drinking water shortage in some areas, leaving the local population high and dry. This has been brought to light by Samriti, ... More

Kudremukh National Park project -- Evacuees refuse to fall in line
SEVERAL families that are be `relocated' as a part of the proposed Kudremukh National Park project have decided not to move out of the area the Government is ostensibly trying to protect. They have also decided to refuse any `compensation' in ... More


Govt keen to forge ties with Gulf trade bodies
THE Government is interested in working with various Indian business councils and chambers in the UAE to forge a common front to promote economic opportunities and implement Government policies that will help boost economic ties with the Gulf ... More


Karnataka police signs pact with Family Health Plan
KARNATAKA State Police has signed a pact with Family Health Plan Ltd (FHP) to cover hospital charges for its 70,000-strong staff and their families. The new scheme, called Arogya Bhagya Yojane is in line with the Arogya Badratha Scheme, ... More

Hepatitis B scheme to cover 6 more AP districts
THE Andhra Pradesh State health initiative to provide hepatitis B vaccination, as part of immunisation programme with substantial fund support from the Melinda and Bill Gates Foundation, will be expanded to six more districts during the ensuing ... More

  • Karnataka: Check on sub-standard mineral water


    CPSUs' purchase preference extended
    THE Cabinet today approved a two-year extension of the 10 per cent purchase preference policy for products and services offered by the Central public sector undertakings (CPSUs), with amendments. The policy, which was valid till March 2002, has ... More


    SSI pipe makers' plea on marketing outfit
    THE Karnataka Small Scale PVC Pipe Manufacturers Association has urged the State Government not to close down the Stores Purchase Department (SPD), the marketing outfit for the small-scale industries in the State. Addressing a press conference, ... More


    TN: No higher entry tax on LSHS for power cos
    THE Tamil Nadu Government has exempted low sulphur heavy stock (LSHS) used in three private power plants from the levy of a higher entry tax. In a notification issued on March 27 after the budget was presented in the Assembly, the Commercial ... More

  • AP: Power supply interrupted


    ATMA plea to recall dumping duty
    THE Automotive Tyre Manufacturers' Association (ATMA) has made a case to the Designated Authority in the Directorate General of Anti-dumping & Allied Duties to once "again recommend the discontinuation of anti-dumping duty imposed on Styrene ... More


    `Exim policy forward-looking'
    ANNUAL changes made to the new Exim Policy in the coming years would only be "forward looking" and not be detrimental to the interests of the exporting community. This was stated by Mr N.L. Lakhanpal, Director-General of Foreign Trade (DGFT), ... More

  • APCCI chief lauds deregulation


    Prime-time toss-up in living rooms
    PRIME-TIME programming remains a gamble. And entertainment channels resort to different permutations and combinations to attract audiences. So, if Star Plus relies on game shows in the 9-10 p.m. time band, Sony doles out saas-bahu soaps. ... More


    Dole to learn
    School children carry bags of their monthly mid-day ration of 3 kg rice in Bangalore on Tuesday. The Mid-day Meal Scheme for school children aims to improve attendance and retention and also to provide supplementary nutrition to children in ... More

  • ICFAI setting up tech institute
  • Karnataka: Law college for women
  • Karnataka: Centre for polymer science research


    Bajaj Auto sales up 11.7% in 2001
    BAJAJ Auto Ltd (BAL) has ended 2001-2002 with a 11.7 per cent rise in total sales of 2 & 3-wheelers to 13,58,083 units as against the previous corresponding 12,15,147 units. "After 1995-96, this is the best in terms of year-on-year growth for ... More


    Roof tile industry seeks roll-back of excise duty
    The imposition of a 4 per cent excise duty on clay roofing tiles, manufacturers feel, is the last straw on the back of an aging camel that can barely manage to carry its own weight. More


    CLE sees big gains from Exim policy
    THE Council for Leather Exports has "applauded" the new Exim policy for "placing adequate thrust on export growth with the basic objective of increasing exports and capturing a greater share in the international trade". According to a CLE ... More


    `Newsprint cos have no plans to raise capacity'
    THE domestic newspaper publishing establishments will continue to be dependent on imported newsprint in the foreseeable future as indigenous newsprint manufacturers have no plans to raise production capacity in the depressed market scenario, ... More

    Paper makers not happy with DEPB rates
    PAPER manufacturers are aggrieved over the steep decrease in the duty entitlement passbook (DEPB) credit rates for their products in the Exim Policy. At an interactive session organised by the PHD Chamber of Commerce and Industry, a ... More


    Apparel park: A missed opportunity for TN?
    The TEA Secretary has urged the Tamil Nadu Government to go all out to press for location of a park in the State. The park will fund infrastructural development in industrial clusters like Tirupur. More


    IPCL, ONGC close to gas pricing formula
    A FORMULA for pricing the gas supplied by ONGC to IPCL's Nagothane plant is set to be finalised on Wednesday. This would enable the Union Government to enter the final stage of disinvesting 26 per cent equity in IPCL to a strategic partner. ... More


  • Chennai Engagements
  • Thiruvananthapuram Engagements
  • Bangalore Engagements
  • Hyderabad Engagements
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  • Top Stories
    BoP problem unlikely: Jalan

    Mineral water plant in AP leaves the locals high and dry?

    `Newsprint cos have no plans to raise capacity'

    IOC may not pass on post-APM gains -- To add `value' to retail outlets

    Making effective use of rural bank branch staff

    Wheat MSP raised by Rs 10 per quintal

    In Depth
    Inside Kashmir
    Guide to derivatives
    Looking back
    Mar. 24-Mar. 30
    The Indian workforce — who counts?

    `TN textile stir due to misinformation'

    Forex reserves rise nearly $10 b this fiscal

    Service tax exemption likely for special economic zones

    One-time settlement of SEB dues approved

    Visa applications -- US consulate cutting down on personal appearances

    EPCG, DFRC schemes -- Govt to relax norms for exporters

    Bangalore leads in lead poisoning

    Importers can rebook cancelled forward deals

    Karnataka set to do a Kerala in tourism

    FDI approvals hit a nadir since 1995

    Passenger cars buck auto export trend

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