Financial Daily from THE HINDU group of publications
Thursday, September 04, 2003
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INDUSTRY & ECONOMY

TOYS


Toy story: no fun, not cool
Funskool, the only toy maker in the organised segment, says the industry will grow only if the Government makes quality standards mandatory. More

AUTOMOBILES


Auto sector told to be prepared for FTA
THE domestic automobile industry would have to prepare itself before the free trade agreement (FTA) with the South-East Asian countries comes into effect, the Economic Adviser to the Prime Minister, Dr S. Narayan, said here on Wednesday. ... More

ECONOMY


IBRD bullish on South Asia growth scope
INDIA and other economies in the South Asian region would see their growth momentum accelerated in 2003 to an average of 5.4 per cent, with the recent improved relations between India and Pakistan leading to greater stability in the region and ... More

ENGINEERING


Pump makers seek change in power usage norms
THE pump industry has raised alarm over the penal action taken by the Tamil Nadu Electricity Board officials in connection with the usage of submersible motors, mostly of 5 HP capacity and used for irrigation purposes. The Board officials ... More

EXCISE AND CUSTOMS


Restore Cenvat credit on duty paid on light diesel oil: FICCI
"More than the rise in the excise duty, it is this provision that is of more serious concern to the domestic industry, in general, and the foreign industry, in particular. This would adversely affect the cash flow position of the companies," FICCI sa id. More

FOREIGN TRADE


India, Singapore biz ties abuzz: Study
Businessmen from both countries stressed on the need for quick action on the proposed free trade pact. More

HEALTH


ISRO to provide V-Sat facility for RCC telemedicine project
THE Indian Space Research Centre (ISRO) has agreed to provide its V-Sat facility to Onconet, a telemedicine project launched by the Regional Cancer Centre (RCC), Thiruvananthapuram. RCC will now be able to piggyback the V-Sat for networking ... More

PETROLEUM


Ethanol-mixed petrol in 8 States, 4 UTs by month-end
EIGHT States and four Union Territories will start using ethanol-blended petrol by the end of this month. According to Mr B.K. Chaturvedi, Secretary, Ministry of Petroleum and Natural Gas, the States and UTs, which will start using ... More

IOC campaign to promote premium petrol
THE Indian Oil Corporation Ltd (IOC) has launched a campaign styled `bagful of offers' from September 1 in association with select retail outlets dealing with a range of products in Coimbatore as part of its promotional effort to market its new ... More

POWER


Natural gas supply — Shell, Reliance among qualifiers for NTPC tender
SHELL and Reliance have emerged as the two qualifying single-source suppliers of three million tonne natural gas per annum to National Thermal Power Corporation's (NTPC) proposed 1,300-MW each power stations at Kawas and Gandhar in Gujarat. ... More

STEEL


`Legitimate interests of steel consumers will be protected'
FOR primary and integrated steel producers, the easiest way of increasing their profit margins is to announce across-the-board hikes in the prices of various product categories. At the receiving end, however, are the merchant producers and actual ... More

SSI


Meet on power factor maintenance
THE Madurai District Tiny and Small-Scale Industries' Association (Maditssia) is organising a seminar on `Power Factor Maintenance' on September 4 here for the benefit of industries, especially small industries. Mr K. Ramachandran, President, ... More

  • Canara Bank slashes rates for SSI loans
  • Expo on SSI/SMEs

    RADIO/TV


    Hathway announces CAS rates
    MULTISYSTEM operator Hathway Cable & Datacom Pvt. Ltd., has announced its cable TV rate options for customers. These include `value packages' that combine various entertainment options, as well as a la carte rates for individual ... More

    CNBC-TV18 told to comply with revised uplinking norms
    AFTER giving Star News a month to restructure its company, the Government has now asked business news channel, CNBC-TV18, to comply with the revised guidelines for foreign news channels wanting to uplink from India, which includes having a ... More

    Star Vijay becomes FTA
    CHENNAI: The Star group has decided to convert its Tamil pay channel Star Vijay as free-to-air in Chennai alone starting tonight. Star sources confirmed the development. Star Vijay joins all other Tamil cable & sattelite channels which ... More

    EDUCATION


    From Crayons to Creativity
    How can the Indian education system be different from the cramming that symbolises it now? More

    LEATHER


    Mini leather park opened in Medak
    THE first Mini Leather Industrial Park with a potential to provide employment to 6000 artisans, who can make shoes, chappals and other leather goods, was today inaugurated in Duddeda village in Medak district by the State Minister for Employment ... More

    INDUSTRY ASSOCIATIONS


  • TN chamber hails move on scrap tax

    KNITWEAR & HOSIERY


    Hosiery traders seek tax refund scheme
    CONFRONTED with the burden of paying higher rate of tax on inter-State sales, hosiery traders in Tamil Nadu have approached the State Government to form a tax refund scheme similar to the one being implemented by the West Bengal Government for ... More

    PACKAGING


    Packaging industry meet
    NEW DELHI: A three-day exhibition to showcase the latest trend and technologies in the packaging industry is being organised in the Capital from September 6. The event is being supported by leading players in the Rs 30,000-crore ... More

    FOREIGN DIRECT INVESTMENT


    April-July FDI drops to $529 m
    THE Finance Ministry on Wednesday said that foreign direct investment (FDI) inflows into the country had registered a sharp decline this year, from $1,219 million during April-July 2002 to $529 million during the first four months of the current ... More

    RURAL DEVELOPMENT


    Improper pricing hits handicrafts sector
    One of the suggestions that emerged was to reach the consumers of handicrafts, particularly those produced for mass consumption with lower price tag, through self help group linkage. More

    LABOUR REFORMS


    `Labour reforms needed to boost growth'
    THE Andhra Pradesh Chief Minister, Mr N. Chandrababu Naidu, has said that to attract investment, generate employment, improve living standards and eradication of poverty, the country needs to focus on wealth creation through entrepreneurial ... More

    EVENTS


    Bangalore biotech meet aiming high — 30 countries to take part in Bangalore Bio 2004
    THE fourth edition of Karnataka's biotechnology event will enable the country to tap some more of the $ 7-billion global opportunity in the industry, according to its organiser, the Karnataka Government. Bangalore Bio 2004 is slated for April ... More

    CII to hold meet on risk management
    Quoting a KPMG study, CII said in a background note that 79 per cent of corporates do not have a business continuity plan. More

  • Hyderabad engagements
  • Seminar on SSI tech

    TOURISM


    Tourist arrivals up 23.5 pc in Aug
    THE tourism sector is looking up. Following a disastrous 2002 in which foreign tourist arrivals from January to August fell by over 15 per cent to 14.66 lakh, there is now reason for some cheer. While international tourist arrivals during ... More

    PEOPLE


    SIAM mantle falls on Khattar
    MR Jagdish Khattar, Managing Director, Maruti Udyog Ltd, took over as the President of Society of Indian Automobile Manufacturers (SIAM) following the AGM and the first executive committee meeting held on Wednesday. Mr Khattar succeeds Mr R. ... More
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    Looking back
    Aug. 24-Aug. 30
    SSIs tightening up to take on Chinese challenge

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    Indian economy becoming weather-proof: RBI report

    Time rural credit got better attention

    Oil stocks remain market pick

    Rising auto exports add to forex kitty


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