The Hindu Business Line : Tuesday, September 23, 2003

Award for ICSI (Madurai) unit
THE Madurai Chapter of the Institute of Company Secretaries of India (ICSI) has been adjudged as best chapter for the year 2002. The award, received by the chapter for the second time, was presented by Dr Najma Heptulla, Deputy Chairperson, ... More

ECONOMY

More World Bank funds likely for infrastructure, social schemes
The areas of expansion will be in infrastructure, mainly rural water supply, roads, railways and other key aspects of infrastructure. The stress will also be on funding for social development projects, particularly in education and health sectors," M r Carter said. More

ENVIRONMENT

CM launches Marina Beach beautification
The German-made Beach Tech 2000, a beach cleaning equipment, has been pressed into service to clean the Marina Beach in Chennai. The equipment was commissioned by the Chief Minister, Ms J. Jayalalithaa, on Monday. ... More

FOREIGN TRADE

`Tap potential of sub-Saharan Africa market'
Mr Jaitley said that India's exports to the Sub-Saharan African region increased by 13.5 per cent in 2002-03 to $2,452 million as against a level of $2,161 million recorded in the previous year. More

PSU

Bengal keen on availing aid from overseas institutions
THE cash-strapped State Government is keen on availing of plan assistance for its social sectors from overseas institutions, but will do so only on its own terms. Stating this at the Secretariat , the West Bengal Industry Minister, Mr Nirupam ... More

PETROLEUM

Jaitley, Shourie to discuss SC ruling on oil PSUs
THE Union Law and Justice Minister, Mr Arun Jaitley, and Disinvestment and Telecommunications Minister, Mr Arun Shourie, are likely to formally meet on Thursday to discuss the legal options that are available to the Government on the Supreme ... More

POWER

GE, Bechtel file $1.2-b claim against Govt
BECHTEL Enterprises Holdings Inc and GE Structured Finance on Monday said that they have filed an international arbitration claim against the Government to recover their investments in Dabhol Power Company (DPC). The total value of the claim ... More

Attorney General's views sought
THE Finance Ministry has sought the Attorney General's views on the arbitration notices served by Bechtel Enterprises and GE against the Government. On its part, the Union Power Ministry has sought the comments of the Maharashtra State ... More

STEEL

Chhattisgarh to have steel plant
THE Deputy Prime Minister, Mr Lal Krishna Advani, will lay the foundation stone of the Russian Romelt technology-based steel plant at Nagarnar in Bastar district of Chhatisgarh tomorrow. The Union Minister of Steel, Mr Braja Kishore Tripathy, ... More

TAXATION

Net direct tax collections up 4 pc in Apr-Sept
AIDED by an increase in corporate tax collections, net direct taxes collections during April-September 15 registered a modest 4 per cent increase to touch Rs 18,077 crore as against a level of Rs 17,381 crore recorded in the same period during ... More

FICCI to hold meet on tax issues
WITH the onset of globalisation, business taxation has got an international character, leading to complexities such as tax havens, transfer pricing, international tax treaties and withholding tax. In these challenging times, it is imperative ... More

KCCI urges VAT implementation in States on single day
THE Kanara Chamber of Commerce and Industry (KCCI), which submitted a representation to the 12th Finance Commission in Bangalore recently, has urged the Government to implement VAT in all States on a single day. A copy of the representation, ... More

TEXTILES

TN: TU panel seeks 15-30% bonus for textile workers
THE joint action committee (JAC) of textile workers unions has in its district level officer-bearers' meeting decided to demand 15 per cent minimum bonus and maximum 30 per cent for the textile mill workers employed by the mills in Coimbatore and ... More

TN textile unions in fix over demands
AMIDST growing number of casual labourers being inducted by textile units, major textile workers unions are in a dilemma over pitching their bonus demands for mill workers in Coimbatore this year. With the number of textile mills shedding the ... More

COAL

Eastern Coalfields likely to come out of BIFR net — Outsourcing production to bring revenues
EASTERN Coalfields Ltd (ECL), a loss-making subsidiary of Coal India Ltd (CIL), which was referred to the Board for Industrial & Financial Reconstruction (BIFR) in 1998, is expected to come out of BIFR soon as a sequel to almost all the Central ... More

RADIO/TV

Star News files fresh papers for uplinking
STAR News today submitted a fresh application to the Information and Broadcasting (I&B) Ministry seeking permission to uplink from India with the Kolkata-based ABP Ltd holding a majority stake. The company seeking permission is Media Content ... More

EDUCATION

Student-enabling projects in science being launched in Kerala
THE Chief Minister, Mr A.K. Antony, will formally dedicate, on October 2, `Sastraposhini', a student-enabling project aimed at promoting science education in schools in the State. Being launched under the banner of the Kerala State Council for ... More

BIO-TECH & GENETICS

`Strengthen IPR norms to lure venture funds into biotech'
Despite growth prospects of the biotech industry, the stumbling block for global investors, looking for tie-up with with Indian firms, has been their perception that India's IPR norms are too lax. More

SCIENCE & TECHNOLOGY

ISRO says 2-tonne satellite a safe bet
ISRO is trying to promote the 2-tonne spacecraft as a safe bet among several developing countries. The 2-tonne satellite in which the national space agency excels can be a cost-effective option for these nations and can be launched on the ... More

Insat 3E all set for Sunday launch
AFTER getting its faulty components replaced and doubly checked at ISRO's Ahmedabad centre, Insat-3E is now all set to lift off next Sunday (September 28). The launch of the communications satellite, now at the Kourou launch centre, was hastily ... More

FOREIGN DIRECT INVESTMENT

Walt Disney seeks nod for setting up arm
WALT Disney Company has moved the Foreign Investment Promotion Board (FIPB) seeking permission to open a wholly-owned subsidiary in India to launch The Disney Channel (TDC) in India. The company has said that it plans to invest around $10 ... More

Stanchart plan to invest in NDTV cleared
STANDARD Chartered Bank's proposal to invest Rs 52.88 crore in New Delhi Television (NDTV) was among the foreign direct investment proposals cleared by the Government on Monday. The Minister for Finance and Company Affairs, Mr Jaswant Singh, ... More

Boeing seeks approval for own subsidiary
WORLD's leading aircraft manufacturer The Boeing Company has sought permission from the Foreign Investment Promotion Board (FIPB) to set up a wholly- owned subsidiary in India. The company plans to invest $4.8 million with a provision for ... More

RURAL DEVELOPMENT

Nabard plans to tap postal network to aid SHGs
THE National Bank for Agriculture and Rural Development (Nabard) will try to involve the post office network in Tamil Nadu to expand the self-help group (SHG) scheme, according to Mr C.R. Patnaik, Chief General Manager, Nabard Regional Office, ... More

Govt chalks out rural water scheme
THE Ministry of Rural Development has moved a Cabinet note on `Pradhan Mantri Grameen Jal Samvardan Yojana', a new scheme for rural water conservation announced by the Prime Minister, Mr A.B. Vajpayee, in his Independence Day address this ... More

GIS application
HYDERABAD: Geographic Information System (GIS) could be effectively used in areas such as vegetation, land, water, mineral exploration, environmental planning, emergency planning and disaster management, according to Mr Mathew Kunnumkal, ... More

EVENTS

Centre to help FCRI to be centre of excellence
THE Union Government will lend all its support to help the Fluid Control Research Institute (FCRI) emerge as a centre of excellence in its endeavour to maintain accurate flow measurement and control techniques for industrial requirements and ... More

TIE meeting on entrepreneurship tomorrow
TIE Kerala chapter is organising a meet on `Building an Entrepreneurial Kerala' on Wednesday, to be attended by some of the successful entrepreneurs of Silicon Valley. The list includes some of the Trustees and Charter Members of TIE Global, ... More

CII meet on herbal industry next month
THE Federation of Andhra Pradesh Chamber of Commerce and Industry (FAPCCI) is organising a two-day national seminar on `Investment opportunities in medicinal and aromatic plant-based industries' beginning October 10. The meet will throw light ... More

Meet on ethanol on Sept 26
Apitco Ltd is organising a national conference on `Prospects of Ethanol - A Sustainable Bio-fuel' on September 26 to showcase the potential for bio-fuels as alternate fuel for transportation; disseminate the latest information on technical, ... More

Hyderabad engagements

EXPORTS & IMPORTS

Edible oil imports seen firm
"Demand for vegetable oil will continue to remain firm." More

ECONOMIC OFFENCES

UAE Central Bank offers help in curbing money laundering
FOLLOWING the successful implementation of stringent measures by the UAE in recent years to curb money laundering, the UAE Central Bank has offered to help developing market countries to set up the legal, regulatory and policing structures ... More

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