Financial Daily from THE HINDU group of publications
Saturday, April 13, 2002
Markets (April 12)
BL 2501181.85 (+2.75)
BSE Sensex3510.90 (+13.23)
S&P CNX Nifty1146.50 (+2.90)
Dollar (Buy/Sell)48.85/48.98
Gold Std (10 gm)5015 (+5)

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3 key Budget proposals being reviewed by Govt
THE Finance Ministry has kicked off the process of reviewing three key Budget announcements — taxing dividends in the hands of the shareholder, slashing interest rate on small savings instruments and pruning of income tax rebate on ... More


Resolving disputes with less pain
WITH the first batch of neutrals being trained by the city-based Indian Centre for Mediation and Dispute Resolution (ICMDR), Chennaiites who do not want to go through the legal process for their disputes can now opt for mediation. Among those ... More


Industrial growth marginal at 2.6 pc in 11 months
INDUSTRIAL output has registered a marginal growth of 2.6 per cent in the first 11 months of the current fiscal as against 5.4 per cent in the corresponding period in the previous year. According to the latest `quick estimates' of the Index of ... More

MSCI cuts India weightage further
MORGAN Stanley Capital International (MSCI) on Friday further reduced India's weightage in the emerging markets free (EMF) index. The weightage has come down from 5.55 per cent to 3.93 per cent. The cut in the weightage has been on account of ... More


Mexico initiative for trade data panel
THE Mexican Ambassador to India, Mr J.F. Carlisle, is taking the initiative to form a committee of Indian and Mexican entrepreneurs for exchanging information on trade and industry. At a meeting with the members of the Indian Chamber of ... More


Karnataka Pharma units in pink, thanks to outsourcing
The total turnover of the industry in the State is estimated to be in the region of Rs 1,600 crore. More


IDBI seeks NTPC technical consultancy for Dabhol
IDBI has sought technical consultancy from the National Thermal Power Corporation for maintenance of Dabhol Power Company (DPC), according to the Union Minister of State for Power, Ms Jayawantiben Mehta. Speaking to reporters on the sidelines ... More

  • New MERC member


    Policy irks powerloom sector
    THE cotton fabric/made-ups manufacturer-exporters in the decentralised powerloom sector have serious reservations over the conditions imposed in the new Exim policy provisions on sub-contracting of specific jobs by the export-oriented units ... More

    Powerloom exporters' entitlement
    COIMBATORE: The office of the Textile Commissioner (TC), Ministry of Textiles, has notified the powerloom exporters' entitlement (PEE) allotment for small-scale powerloom weavers for 2003. Powerloom exporters seeking the PEE are ... More


    Maharashtra to release 3 tmc ft water
    THE Maharashtra Government has agreed to release about three tmc ft of water to the Krishna river from the Doodhganga Kalmamavadi reservoir. This is expected to help meet the drinking water shortage in the border districts of Bijapur, Bagalkot ... More


    No relaxation of curbs on export units: DGFT
    THE Director-General of Foreign Trade, Mr N.L. Lakhanpal, on Friday virtually ruled out the withdrawal of the new conditions imposed in the Exim Policy on the Export Oriented Units (EOUs)/Export Processing Zone (EPZ) units that are ... More

    `Existing schemes must be pruned'
    THE Director-General of Foreign Trade (DGFT), Mr N.L. Lakhanpal, on Friday reiterated that the exporting community may well have to do with a lesser number of duty neutralisation instruments in the coming years, especially after the country moves ... More


    ACMA delegation to tour Egypt
    THE Automotive Component Manufacturers Association (ACMA) is taking its first-ever business exploratory delegation to Egypt, the grouping said in a statement on Thursday. The mission would tour auto component and vehicle-manufacturing units, ... More


    Kerala: Govt team to be trained in HACCP
    THE Kerala Government proposes to suitably train a team of 20 officials who will prospectively constitute the core of the State Industries Department, conversant with the nitty-gritty of training and certification of processed agricultural ... More


    Kalam makes light of Pak nuclear `threat'
    DR A.P.J. Abdul Kalam, former Principal Scientific Adviser to the Government of India and arguably the father of the country's guided missile system, has made light of the Pakistan President, Mr Pervez Musharaff's recent threat of possible ... More


    Film industry is insurance shy
    FILM insurance is for the moment a profitable business. Notwithstanding the newness of Bollywood to organised film making, United India Insurance Co Ltd — the only agency currently providing film insurance — estimates that claims so ... More

    TN cinemas allowed to hike ticket prices
    CINEMAS in Tamil Nadu have been allowed to increase their ticket prices by up to 75 per cent of the existing prices, except for the lowest category, the Chief Minister, Ms J. Jayalalithaa, announced in the Assembly on Friday. She said this move ... More


    EPF trustees stick to 9.5 pc
    THE stage is set for a fresh confrontation between the Finance Ministry and the Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO), following the latter's decision on Friday to stick to its earlier recommendation ... More


    `Doha concessions not included in Patents Bill'
    EVEN as the Patents' Amendment Bill is pending discussion in Parliament, drug manufacturers have expressed concern that it does not echo the concessions that emerged at the WTO Ministerial conference in Doha. Mr Gajanan Wakankar, Executive ... More

    BHEL R&D unit gets aggressive on patents
    THE Corporate Research & Development (R&D) division of Bharat Heavy Electricals Ltd (BHEL) has decided to step up its efforts to file patents on several developments aimed at protecting the in-house intellectual property. Addressing the annual ... More


    INTUC plea to unions
    BANGALORE: The Indian National Trades Union Congress (INTUC) has appealed to all its affiliated unions in the public sector units not to participate in the nationwide strike call given by various trade unions on April 16. In a ... More


    Southern Africa keen on IT solutions from India
    THE Southern African Developing Community (SADC) is keen to adopt information technology (IT) solutions from India for its industrial development, which has shown a recovery in the last five years. Learning from India's interaction with ... More


    `Fear of failure haunts Indian entrepreneurs'
    THE country scores the highest in necessity entrepreneurship that has led to economic growth. However, it ranks third in fear of failure, which inhibits entrepreneurship, with 27.8 per cent respondents, after Korea with the highest of 64 per cent ... More


    Ease I-T norms for charitable trusts: ICAI
    THE Institute of Chartered Accountants of India (ICAI) has suggested that religious and charitable trusts be permitted to apply their income for religious and charitable purposes even during the financial year immediately following the financial ... More


    Tourism promos on global TV channels planned
    THE Government is considering a proposal to advertise India as an attractive international tourist destination on the major international television channels, according to the Director-General, Tourism, Mr Vinod Duggal. "We are thinking of ... More

  • AP: Amaravati Utsav gets under way


  • New Icrier chief
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  • Top Stories
    Insurance VRS may be on offer shortly

    MRPL may go into Reliance fold -- Birlas, HPCL in talks to shed part of stake

    EPF trustees stick to 9.5 pc

    3 key Budget proposals being reviewed by Govt

    Industrial growth marginal at 2.6 pc in 11 months

    Kalam makes light of Pak nuclear `threat'

    In Depth
    Inside Kashmir
    Guide to derivatives
    Looking back
    Mar. 31-Apr. 6
    Traditional export items under-perform

    Govt cuts SDS to 9 pc; PF rate reduction on anvil

    Bleak export scenario set to change: Maran

    New initiatives to drive export growth

    Simplified norms; specific packages

    Farm exports freed; thrust to SEZs -- Maran gives Exim policy a friendly push

    Extra revenue outgo on sops at Rs 1,000 cr -- Total outflow may top Rs 27,000 cr in 2002-03

    To cover pool account deficit -- Govt issues Rs 9,000-cr bonds to oil majors

    Exports falter, 11-month growth rate at 0.06 pc

    BoP problem unlikely: Jalan

    `Newsprint cos have no plans to raise capacity'

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

    Natural gas at market prices to power, fertiliser cos: Naik

    Electronics export up 37 pc

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