Monsoon deficient till date May blow away hopes of economic recovery
Mumbai: IT is turning out to be a rather uninspiring if not disastrous monsoon. Contrary to the India Meteorological Department's (IMD) predictions of a 15th consecutive `normal' South-West monsoon this year, the rain has not reached some parts of the country.
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Crucial economic Bills to be put on hold
New Delhi: The tabling and passage of crucial economic legislations - such as the repeal of the UTI Act, introduction of the Government Securities Act and the Fiscal Responsibility and Budget Management Bill - may have to wait till the winter session.
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Gasohol dollops being reviewed
New Delhi: In what could be yet another rollback of a Budget announcement, the Finance Ministry has decided to review its decision to allow the 75 paise per litre surcharge concession on ethanol-doped petrol. The move would hit the sugar industry.
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India Inc. scours globe for cheaper supplies
New Delhi: Indicating a shift in trading pattern, India Inc. is stepping up its imports from non-traditional sources like Brazil, Nigeria, Greece, South Africa, CIS nations, Luxembourg and east European countries.
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Mobiles to hog 45% of new connections
New Delhi: This fiscal will be the Year of the Cellphone. Almost half of all telephone connections in fiscal ended March 2003 will be cellular connections.
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Insurers revive hope as Monsoon Session begins today
New Delhi: As the Monsoon session of Parliament begins on Monday, the insurance industry will watch with bated breath the progress of the Insurance (amendment) Bill, 2001, in the Rajya Sabha.
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It to be used as trumpcard in Central Asia
New Delhi: The government and industry have decided to zoom in on Central Asia, indicating a revival of silk route diplomacy with a different cargo in tow.
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India ranks a poor 73rd in economic freedom index
Mumbai: India has been placed at 73rd position in the economic freedom index prepared by a consortium of think-tanks, including the Cato Institute in the United States.
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Yearly net of 890 companies rises 7.09 per cent in 2001-02
Mumbai: The net profit of 890 major companies, which declared their results so far increased by 7.09 per cent to Rs 47,915 crore during 2001-02 from Rs 44,744 crore during the year 2000-01.
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