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Thursday,
October 17, 2002, Chandigarh, India  
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Disinvestment of A-I, IA ruled out
Punjab mulls entry tax
All IT refunds by November 30
Car, motor cycle sales zoom
Spice
opens new showroom in city |
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Punjab no longer a fast growing state
Steer clear of Infosys
Japan to give $ 27,187 to Spic Macay
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Disinvestment of A-I, IA ruled out Patna, October 16 “There is no chance of disinvestment or privatisation of the two leading Airlines in the near future”, Hussain told reporters on the completion of his one year tenure in the Civil Aviation Ministry. “I am not against the disinvestment policy and I was the first who decided to sell ‘Modern Food’ when I was Minister for Food Processing”, he said adding the privatisation of some international airways had led to grounding of their fleets. He said his ministry had already decided to privatise airports in the four metros and upgrade them to match the standard of model airports elsewhere in the world. Besides ten more airports in the country had been identified for making them model ones. He said his ministry had prepared a draft for the new Civil Aviation Policy and it was being processed for approval of the Union Cabinet. Hussain said the Airport Authority of India had acquired the land from Bihar Government and the railway for the expansion of Patna airport and work would start soon. He, however, rejected the Bihar government proposal to shift the Jay Prakash Narayan Airport to Bihta, about 50 km from here. He said all the safety hazards as pointed out by the Director General of Civil Aviation report into the crash of the Alliance Airline in 2000 here would be kept in mind while expanding the airport.
PTI |
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Punjab mulls entry tax Chandigarh, October 16 He was speaking at an interactive session organised by CII. He admitted the state government was concerned about the decline in growth of the industry and agriculture
in the state due to liberalisation and competition from other states. However, it would extend every possible support for the sustainable growth of the industry. The new industrial policy to be announced shortly would redress most of their problems. Reacting to their demands to review the octroi, he said, the state government was ready to consider any alternative plan that would take care of the need of the local bodies. He warned truck union leaders either to mend their ways or the state government might ban them. Earlier, Mr Amarjit Goel, Chairman, Punjab Committee of PHDCCI, said: ‘‘The state government should consider an alternative plan for octroi, by charging Rs 400 or so as an entry tax from each loaded truck that entered that state.’’ He claimed that since on an average 27,000 trucks were entering the state every day, the state government would collect about Rs 1,000 crore annually from it, which could also be imposed on the railway goods and petroleum products. The CM agreed with him and assured him to consider that proposal. Later, he released two CII studies on “Competitiveness of Automotive Components and Special & Alloy Steel Industry in Punjab” and “IDEAS — Initiatives to Develop Electricity and Affordability and Supply.” Mr Mukul Joshi, Principal Secretary, Industry and Commerce, said a decision to impose entry tax on paper and yarn would be reviewed within next two days. Among others, Mr S.P. Oswal, Chairman CII, Punjab State Council, Mr Ashwani Sekhri, Minister of State for Industry and Commerce, Mr Avtar Henry, Minister of Industry & Commerce, Mr Sudhir Mittal, Secretary, Power, Punjab and the Chairman, PSEB and Mr Sidharth Shriram, former Chairman, CII (NR) and Mr B.S. Baidwan, President, the Mohali Industries Association also participated.
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All IT refunds by November 30
New Delhi, October 16 “The Finance Minister Jaswant Singh’s instruction for quickly clearing the backlog of income tax refund is being meticulously followed and we are hopeful of clearing them by November 30”, Singh told PTI. Asked whether it was possible to clear all the returns by the end of November, 2002, as many have been pending for years, Singh said the Income Tax Department was already on the job. Singh said in Delhi alone the income tax department has already cleared a huge chunk of refund commitments, and efforts were on to complete them soon. “Out of the Rs 1500 crore to Rs 1600 crore of refund commitment in Delhi for all categories including business and salary, we have already cleared Rs 1361 crore”, Singh said. The Chief Commissioner said the Finance Ministry has also decided to issue all Permanent Account Numbers application within 10 days of being received. “All PAN applications received from November and duly completed will be issued within 10 days.”
PTI
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Car, motor cycle sales zoom
New Delhi, October 16 Total sales rose for the fourth consecutive month to 50,426 units from 40,778 units in September last year, data compiled by the Society of Indian Automobile Manufacturers (SIAM) showed. Sales during April-September this year went up by 4.1 per cent to 2.58 lakh units from 2.48 lakh units a year earlier. Analysts, however, said the growth in September was mainly due to increased factory despatches to dealers to cope with impending demand during the festive months of October and November rather than actual retail sales. Truck and bus sales also jumped by 22.7 per cent to 16,253 units during the month under review (13,238 units in September 2001). Cumulative sales in this segment, considered as a barometer of economic growth, soared by 30.7 per cent to 83,118 units during April-September 2002 (63,596 units a year ago). Two-wheeler sales increased by 17.7 per cent to 4.18 lakh units in September 2002 (3.55 lakh units last year) on the back of a 34 per cent rise in sale of motor cycles at 3.14 lakh units (2.34 lakh units). Cumulative two-wheeler sales surged by 24 per cent to 24 lakh units (19.3 lakh units). Scooter sales, however, dipped by 6.83 per cent to 73,250 units (78,628 units). Moped sales also dived by 27.7 per cent to 30,303 units in the month under review (41,948 units in September 2001). Cumulative moped sales slipped by 11.5 per cent to 1.75 lakh units (1.98 lakh units). Utility vehicle sales rose by 14.9 per cent to 9,895 units (8,610 units). Cumulative sales in this segment rose marginally by 1.7 per cent at 51,037 units (50,185 units). Three-wheeler sales also surged by 10.8 per cent to 19,747 units (17,809 units). Sales of three-wheelers during April-September 2003 went up by 13.3 per cent to 1.09 lakh units (96,647 units). Except the Indian arm of the US car maker General Motors and luxury car manufacturer DaimlerChrysler, all the players posted rise in car sales. Domestic market leader Maruti saw a rise of 12.2 per cent to 25,886 units (23,067 units). India’s second-largest car maker Hyundai recorded a whopping growth of 65.8 per cent to 10,053 units (6,061 units). Sales of Tata Engineering soared by 33.3 per cent to 7,208 units (5,405 units). Hindustan Motors posted an increase of 24.3 per cent to 2,065 units (1,660 units). Sales of Fiat and Ford India grew by 8.75 and 31.9 per cent to 1,503 and 1,519 units respectively. Honda Siel Cars’ sales grew by 16.9 per cent to 1,344 units (1,149 units). However, sales of General Motors and DaimlerChrysler declined by 6.25 and 4.85 per cent to 750 and 98 units respectively.
PTI
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Spice opens new showroom in city
Chandigarh, October 16 Mr Ashok Goyal, Executive Director, Spice Telecom, said, “As a result of the overwhelming response from the market, in the last one year, the Spice family has grown to close to 4 lakh subscribers’ base mark. In order to provide quality services and cater to the need of this huge family we are continuously investing in increasing our customer care network across Punjab”. “Spice Telecom has a multi-tier distribution, as well as customer care system consisting of company owned showrooms, franchisees, distributors and retailers.
TNS
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