EXPRESSINDIA.COM  
The Indian Express Group  
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The Financial Express daily newsletter  
Edition of Friday, August 20, 2004  
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TODAY'S TOP STORIES  
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Oil Import Bill Set To Surge  
With global crude oil prices on the rise, India�s net oil import bill is expected to 
rise to $27 billion by the end of this fiscal. The net oil import bill stood at $16.8 
billion in 2003-04.  
According to the country�s largest crude oil importer and refiner, Indian Oil 
Corporation, India�s crude oil imports may go up to 100 million tonnes in 2004-05 from 
90.4 million tonnes in the previous year.  
http://www.financialexpress.com/fe_full_story.php?content_id=66423  
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Patel In Giving Mode, Three <i>Desi</i> Carriers Get The Nod  
The aviation ministry has granted no-objection certificates to Royal Airways, Jagson 
Airlines and Inter Globe Aviation to start scheduled operations.  
http://www.financialexpress.com/fe_full_story.php?content_id=66426  
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No More IT Coolies Pl, We�re Indians  
India�s software outsourcing sector seems northward-bound on the value chain. After 
BPO and software services, outsourced product development is germinating.  
http://www.financialexpress.com/fe_full_story.php?content_id=66428  
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Be PSU, Buy PSU  
The Empire strikes back. Government�s purchase preference scheme, giving public sector 
undertakings the first right to supply equipment and projects to other PSUs, will be 
extended by two years till March 2006, said public enterprises and heavy industry 
minister Santosh Mohan Dev on Thursday.  
http://www.financialexpress.com/fe_full_story.php?content_id=66430  
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ICICI Bank Seeks Three Yrs To Pare Federal Bank, SIB Stakes  
ICICI Bank has sought a three-year timeframe from the Reserve Bank to bring down its 
holdings in Federal Bank and South Indian Bank to 5 per cent.  
http://www.financialexpress.com/fe_full_story.php?content_id=66434  
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A Bit Too Spicy  
Take care of the micros and the macros will take care of themselves. From  Vasco Da 
Gama�s time, Indian spices have been hot. Will Kamal Nath manage to keep them that 
way?  
http://www.financialexpress.com/fe_full_story.php?content_id=66435  
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Draft Rules On Export Of Taxable Services  
The finance ministry has announced draft rules to define �export of services� thus 
fulfilling a legislative requirement. Till now, no legislative provisions defined the 
export of services.  
http://www.financialexpress.com/fe_full_story.php?content_id=66436  
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BOTTOMLINE: Utterly Butterly Concerned About Farmers  
The flaxen-haired Amul girl is all grown up now. After selling Amul�s milk products 
for over half a century with a rare sense of humour, she may soon graduate to 
marketing a novel health insurance scheme for the farmers of Gujarat.  
http://www.financialexpress.com/fe_full_story.php?content_id=66442  
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Edits & Columns  
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Hard Facts For Being An IT Superpower  
A look at the 25 most-traded scrips on the National Stock Exchange shows that there 
has been a significant change in the composition in recent years.  
http://www.financialexpress.com/fe_full_story.php?content_id=66412  
  
Benign BPCL  
The PM�s fondest desire is to see  public sector units and their administrative 
ministries maintain an arm�s length relationship.  
http://www.financialexpress.com/fe_full_story.php?content_id=66415  
  
The Magic Of Digital Convergence  
You keep hearing the word �convergence� in the digital world at many levels. Telecom 
players have been using it to refer to voice data convergence, thanks to �packetised� 
voice.  
http://www.financialexpress.com/fe_full_story.php?content_id=66414  
  
More in Edits & Columns at http://www.financialexpress.com/edits&columns.html  
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Investor  
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Mutual Funds Reel Under Redemption Pressure In Aug  
http://www.financialexpress.com/fe_full_story.php?content_id=66437  
  
Retail Investors  To Get 7 Out Of 21 TCS Shares  Applied For  
http://www.financialexpress.com/fe_full_story.php?content_id=66438  
  
Sensex Recovers On Renewed Buying Interest, Gains 85 Points To 5124 Pts  
http://www.financialexpress.com/fe_full_story.php?content_id=66439  
  
More in Investor at http://www.financialexpress.com/investor.html  
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Money & Banking  
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AIBDA Moves RBI To Raise Deposit Insurance Cover  
http://www.financialexpress.com/fe_full_story.php?content_id=66445  
  
New India, AMP Sanmar Tie Up For Cross-selling Products  
http://www.financialexpress.com/fe_full_story.php?content_id=66446  
  
Pvt Banks Focus On Organised Segments  For Agri Credit  
http://www.financialexpress.com/fe_full_story.php?content_id=66444  
  
More in Money & Banking at http://www.financialexpress.com/money&banking.html  
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Economy  
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Ready For More Fiscal Steps To Check Inflation, Says FM  
http://www.financialexpress.com/fe_full_story.php?content_id=66431  
  
Moody�s Rating For IRFC   
http://www.financialexpress.com/fe_full_story.php?content_id=66433  
  
Review Of Electricity Act Is Complete: Sayeed  
http://www.financialexpress.com/fe_full_story.php?content_id=66458  
  
More in Economy at http://www.financialexpress.com/economy.html  
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Politics  
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Savarkar Issue Rocks Parliament  
http://www.financialexpress.com/fe_full_story.php?content_id=66452  
  
BJP To Expose Aiyar�s �Pro-China Views�  
http://www.financialexpress.com/fe_full_story.php?content_id=66453  
  
AICC Meet To Be �Family Affair�  
http://www.financialexpress.com/fe_full_story.php?content_id=66457  
  
More in Politics at http://www.financialexpress.com/politics.html  
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Corporate  
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BIAL Contract May Be Renegotiated  
http://www.financialexpress.com/fe_full_story.php?content_id=66417  
  
�There Is No Such Thing As Bad Advertising�  
http://www.financialexpress.com/fe_full_story.php?content_id=66418  
  
L&T Has A Global Dream  
http://www.financialexpress.com/fe_full_story.php?content_id=66419  
  
More in Corporate at http://www.financialexpress.com/corporate.html  
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Fe Insight  
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A Uniform Unified Licence?  
http://www.financialexpress.com/fe_full_story.php?content_id=66459  
  
Two Cheers For The Rhineland Model  
http://www.financialexpress.com/fe_full_story.php?content_id=66460  
  
When Will We Get A Women-Friendly Budget?  
http://www.financialexpress.com/fe_full_story.php?content_id=66461  
  
More in Fe Insight at http://www.financialexpress.com/feinsight.html  
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Commodities  
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Oil Hits Record On China, India Demand  
http://www.financialexpress.com/fe_full_story.php?content_id=66463  
  
NCDEX Proposes Contracts Settlement Via Traders� Agents  
http://www.financialexpress.com/fe_full_story.php?content_id=66464  
  
More in Commodities at http://www.financialexpress.com/commodities.html  
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EFE  
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Front Page  
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I&B Minister Not To Change DTH Policy  
http://www.financialexpress.com/fe_full_story.php?content_id=66399  
  
Kolkata Calling: HSBC Arm To Set Up 500-seat BPO Centre  
http://www.financialexpress.com/fe_full_story.php?content_id=66400  
  
Japan Seeks Closer IT Ties With India  
http://www.financialexpress.com/fe_full_story.php?content_id=66401  
  
More in Front Page at http://www.financialexpress.com/efe/frontpage.html  
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Convergence  
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L&T Info To Set Up Second Centre In Chennai  
http://www.financialexpress.com/fe_full_story.php?content_id=66402  
  
L&T To Set Up Software Development Park In B�lore  
http://www.financialexpress.com/fe_full_story.php?content_id=66405  
  
HP To Focus On Colour Laser Printers  
http://www.financialexpress.com/fe_full_story.php?content_id=66406  
  
More in Convergence at http://www.financialexpress.com/efe/convergence.html  
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Beyond Business  
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Symbols Of An Elite Identity   
http://www.financialexpress.com/fe_full_story.php?content_id=66393  
  
Serving For Match Point  
http://www.financialexpress.com/fe_full_story.php?content_id=66395  
  
On A New Wicket  
http://www.financialexpress.com/fe_full_story.php?content_id=66394  
  
More in Beyond Business at http://www.financialexpress.com/efe/beyondbusiness.html  
  
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