The Hindu Business Line : Sunday, May 30, 2004

ECONOMY
Chidamabaram allays investors' fears
INVESTORS should take market fluctuations in their stride but the Government over the next month will help allay their fears, assured the Union Finance Minister, Mr P. Chidambaram. He was responding to a query from presspersons here on Saturday ... More

HOTELS
Move to hike room rates — Low tariffs in S-E Asia worries hotel industry
A FURTHER hike in room rates in Indian hotels, forecast by a section of the industry, has triggered a debate on whether the sector's competitiveness would be affected regionally, especially when tariffs are low in neighbouring ... More

TEXTILES
UPA committed to removing `Cenvat' duty on powerlooms
THE Union Minister of State for Commerce and Industry, Mr E.V.K.S. Elangovan, today said that the constituents of the United Progressive Alliance (UPA) were committed to removal of the `Cenvat' duty on weaving sector and the Union Government ... More

BREWERIES
Liquor prices to head north as cos feel cost pressure
THE Indian liquor industry has pressed the panic button and is asking for a price increase from all State Governments as it faces the worst cost pressure in a decade. The shooting price of extra neutral alcohol (ENA) and rectified spirit (RS) ... More

PERSONAL PRODUCTS
AMGF Corp announces FMCG awards
COMMUNICATION company, AMGF Corp has announced the winners across 51 categories on fast moving consumer goods (FMCG) products in what it claims are the first FMCG awards to be instituted in India. These awards follow a nation-wide survey and ... More

EDUCATION
US urged to extend validity of Visa Mantis security clearances
THE US Government has been requested to extend the validity of Visas Mantis security clearances for international students, scholars and scientists from the current one-year time period to the duration of their course of study or academic ... More

INDUSTRY ASSOCIATIONS
Implement VAT in all States: PHDCCI
THE PHD Chamber of Commerce and Industry (PHDCCI) has said value added tax (VAT) must be implemented simultaneously in all 28 States and seven Union Territories without any exception. In a statement, the chamber has held that many businesses ... More

DISINVESTMENT
Paswan directs PSU steel companies to publish prices — Rules out divestment of Manganese Ore, SIL
TO PREVENT steel traders from misleading consumers regarding steel prices and to bring in transparency in steel prices, public sector steel units would henceforth publish the prices of various categories of steel items in the regional newspapers ... More