The Hindu Business Line : Tuesday, August 12, 2003

Vitamin-C imports come under dumping duty
VITAMIN-C (ascorbic acid) imports from the US and Canada would now attract a definitive anti-dumping duty. The definitive anti-dumping duty imposed by the Finance Ministry, unless reviewed, is expected to last for five years. Based on the ... More

FOREIGN TRADE

FICCI for free-trade pact with Dhaka
"The informal trade is more a consequence of infrastructural bottlenecks than high tariffs. The incidence of informal trade can be reduced by streamlining infrastructure, reducing tariffs and formalising border trade," FICCI said. More

`China no more a threat, but a potential market'
THE Chinese dragon seems to have lost its ability to worry the Indian businesses. "China is no more a threat. We started looking at it as a potential market, particularly after the Prime Minister's visit to that that country," Mr Shiv Kumar, ... More

HEALTH

No health hazards, say mobile makers
IS the telecom industry going to be the next tobacco industry in terms of attracting health-related litigation? "Certainly not," replies Mr Michael Milligan, Secretary General of the Brussels-headquartered Mobile Manufacturers Forum (MMF). He was ... More

`IT firms in healthcare must focus on simple solutions'
INDIAN IT services firms in the healthcare segment must focus on providing simple and reliable solutions, which are cost effective, Mr Biagio A. Longano, Consultant, IBM Global Services, South Africa, has said. Speaking at a meet on "IT in ... More

INFRASTRUCTURE

Chhattisgarh working overtime to complete pvt project proposals
EVEN as leaders of major political parties in Chhattisgarh are busy preparing their strategies to fight the Assembly election, scheduled for November, the State administration, pursuant to a directive sent by the State Chief Minister, Mr Ajit ... More

PETROLEUM

27 feared dead in ONGC copter crash
TWENTYSEVEN of the 29 passengers on board a helicopter transporting ONGC employees are feared dead in a crash. There were two survivors. Three bodies, including that of the pilot, were recovered. The rest are missing, and informed sources say ... More

Mesco inducted first Mi-172 helicopter in late 1994
THE Russian Mi-172 helicopter, which crashed on Monday at Bombay High killing several ONGC officials, belonged to Mesco Airlines Ltd (MAL), part of the Mesco group of companies. MAL, incorporated in August 1991, commenced operations with agro ... More

Ministry finalises dealer selection norms for oil PSUs
THE Petroleum Minister, Mr Ram Naik, has finally agreed to remove the informal ban and allow public sector oil marketing companies to sign on dealerships for petrol and diesel. However, not before they pay the political price - the companies ... More

Rising oil prices hurt fertiliser, power units
THE rising prices in the petroleum industry seem to be taking its toll on the units in the fertiliser and power sector using its downstream products. Added to this, the high rate of entry tax in Kerala, is also helping the refineries to fix ... More

TIDCO to sign gas pact with GAIL soon
TIDCO had also obtained a $3,32,620 grant from the US Trade and Development Agency in June 2000 to carry out a natural gas regulatory study. More

TEXTILES

Panel on textile sector moots debt revamp fund
The report has also made a case for introduction of incentives to banks and FIs to restructure existing portfolios of the textile industry so as to reduce the rate of interest to around 8 per cent. More

ITCB deplores lack of effective liberalisation
THE International Textiles and Clothing Bureau (ITCB) has voiced serious concern over the failure of the developed countries to demonstrate their full commitment to the objective of "effective liberalisation of trade in textiles and clothing ... More

RADIO/TV

Row erupts over incentive schemes for pay channels
WITH just a few weeks left for the implementation of the Conditional Access System (CAS), fresh differences have cropped up between the cable industry and the broadcasters. This time round, it is on the issue of who will offer incentive schemes ... More

BEVERAGES

No EU monopoly, say soft drink producers
IN an interesting development, the Indian Soft Drink Manufacturers' Association (ISDMA) said, "Blindly adopting standards set out by the European Union is an ill-conceived strategy on the part of a developing country such as India." There are ... More

FOODS & FOOD PROCESSING

Food processing to be given pride of place in Kerala
FOOD processing will be given a pride of place in the State's industrial scheme of things, according to the Industries Minister, Mr P.K. Kunhalikkutty. Food processing will be treated on a par with information technology and biotechnology ... More

HANDLOOM

Handloom sale from today
AS part of its plan to achieve a sales turnover of Rs 3.60 crore in the State, the Handloom House, which is sponsored by the Government of India and managed by India Handloom Fabrics Marketing Co-operative Society Ltd, will run a 90-day `Grand ... More

KNITWEAR & HOSIERY

`MFA phase-out will benefit Tirupur knitwear exporters'
TIRUPUR as a knitwear exporting cluster stands to gain additional share in global garment market as the last tranche of the MFA phase-out by end-2004 will free the remaining 49 per cent quotas, all containing the most critical textile items in ... More

MINERALS

Uranium Corpn to open 4 new mines
URANIUM Corporation of India Ltd (UCIL), the main supplier of uranium for the country's expanding nuclear power programme, has embarked on opening four new mines, two in Jharkhand, one in Meghalaya and another in Andhra Pradesh. In addition to ... More

IPR

Pact signed to update patent administration
THE Central Government has signed a bilateral agreement with the Korean intellectual property office in order to strengthen its administrative systems ahead of the last round of amendments to India's patent laws in order to meet World Trade ... More

HUMAN RESOURCES

Land promised for NHRD hq
HYDERABAD: The Chief Minister, Mr N. Chandrababu Naidu, has promised to allocate a suitable plot of land for locating the headquarters of National HRD Network, the premier society for professional human resource experts. In a press ... More

EVENTS

Seminar on building restoration
HYDERABAD: The Housing Development Institute (HDI), a constituent unit of National Academy of Construction (NAC), is organising a two-day seminar on `Investigation and restoration' beginning on Tuesday here. "Many structures undergo ... More

Electric Fair `a success'
HYDERABAD: Electric Fair 2003, claimed to be South India's biggest electrical fair which concluded here on Monday, has generated enquiries worth around Rs 20 crore, which was well above the estimated figure, according to BASE Events, the ... More

`Cos should develop business through core competencies'
THERE exists several models by using which Indian companies can become globally successful corporations. But the secret of becoming internationally acclaimed lies in developing models that suit the individual company set-up, according to Mr Ravi ... More

Hyderabad engagements

EXPORTS & IMPORTS

Bengal preparing draft policy on SEZs
AS a natural corollary to the newly announced State export policy, essentially geared to supplement the broad Exim policy of the Government of India, the West Bengal Government has now decided to come out with a comprehensive State policy for ... More

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