BUSINESS GOES GREEN
Article Abstract:
Businesses in India are turning green due to public pressure and government regulation. Besides attracting capital investment, green companies have realised that waste management and pollution control have their own benefits. According to British Government estimates, the Indian market for clean-up technologies will be $7 billion by 2000 AD. US estimates have put the same at $1.9 billion. Major requirements of the Indian market will be water pollution control equipment, solid waste management and water treatment services. The Indian refrigeration business is also estimated to require about $3 billion to switch over to CFC substitutes. Environment protection also offers business opportunities for equipment manufacturers and consultants. Ion Exchange International is a leading Indian company in this business. (uh) ------------------------------------------------------------ Pollution control market in India ------------------------------------------------------------ Segment Market (US$ million) ------------------------------------------------------------ EQUIPMENT Water treatment equipment, chemicals 300 Air pollution control 45 Instruments, monitoring systems 50 Waste management equipment 35 Others 230 ------------------------------------------------------------ SERVICES Solid waste management 200 Hazardous waste management 50 Consulting and engineering 50 Remediation 10 Analytical 25 Water treatment works (municipal, industrial) 560 ------------------------------------------------------------ RESOURCES Water utilities 350 ------------------------------------------------------------ Total 1,910 ------------------------------------------------------------
Comment:
India: Businesses in India are turning green due to public pressure and government regulation
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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PANEL DRAWS LINE OF CONTROL FOR GOVT, IRA
Article Abstract:
The standing committee has submitted its recommendations on the Insurance Regulatory Authority Bill. It has re-defined the powers of the Government of India, the Insurance Regulatory Authority (IRA) and the Insurance Advisory Committee. According to the recommendations, the Government should retain its powers to overrule the Insurance Regulatory Authority. The Insurance Regulatory Authority, however, should be empowered to perform its functions in technical and administrative matters independent of the Government. Whenever the Government issues a policy directive to the Insurance Regulatory Authority, it shall be in writing. The committee has suggested setting up of a Insurance Advisory Committee. The Insurance Regulatory Authority should, for the sake of transparency, formulate its regulations based on the feedback from the Insurance Advisory Committee. (um) (kvr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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BANKS MAY GET LEEWAY TO FIX SALARIES OF TOP BRASS
Article Abstract:
Banks may get the authority to fix the salaries of top officials as the government is thinking of delinking the salary and perquisites of chairmen and executive directors of public sector commercial banks from the civil service pay scales. Their salaries are currently determined by the Fifth Pay Commission while officials of the rank of general manager and below are directly employed by the banks. The government has realised that government pay scales are not adequate enough to employ the right person in the face of attractive packages offered by private sector banks. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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