The Hindu Business Line : Monday, July 06, 2009

INDUSTRY & ECONOMY

TAXATION: Will taxes go up, down or stay steady?
The dominant context of the forthcoming 2009-10 Budget is the overwhelming need not to choke off the nascent economic revival now seemingly underway. This could mean virtually no new taxes, and perhaps even a lowering of some of the ...

PSU: PSU oil retailers hopeful of better times post-Budget
New Delhi/Mumbai, July 5 The auto fuel price hike was music to the ears of the three public sector oil marketing companies (OMCs) though they still believe that it is only the “tip of the iceberg” and that the Union Budget will ...

TAXATION: One tax, two assessments
For all the gloss that is being put on a composite goods and services tax as being a single tax with two components, it is clear that the official thinking is in favour of some kind of dual assessment, one at the Central and the other at the ...

BUDGET: Telecom wants positive tone
Industry hopes Government will take its call in Budget.. As the telecom sector has been growing at a fast pace and has significantly contributed to the economic growth and development of the country, it should be given equal importance and ...

BUDGET: Make SEZ scheme attractive
Expert suggestions to draw long-term investments.. There is urgent need for the Government to announce an extension of the tax holiday for the IT sector under the Income Tax Act, 1961 beyond March 31, 2010. However, to help in mitigating the ...

BUDGET: IT industry awaits a ‘holiday’ Budget
Some worries need to be taken care of too, stresses senior tax professional.. The US’ stand on tax breaks for firms outsourcing jobs to overseas destinations, and the competition to Indian IT-ITES (information technology enabled services) ...

PETROLEUM: Petro products price hike to help boost State revenues
Fall-back options unlikely before second half of the year. Bangalore, July 5 The Centre’s pre-budget hike in petroleum product prices is expected to benefit the States’ revenue-raising efforts, so far hit by falling ...

ECONOMY: Kerala Govt sees ‘positive signs’ on industrial front
Realty sector invited to join infra initiative. The State Government is aware of ‘positive signs’ on the industrial front and is intent on matching this up with creation of basic infrastructure required by the IT/ITeS ...

HUMAN RESOURCES: ‘Rural shoring’
Though commonalities and differences abound between India and the US, the world’s two largest democracies, one thing about them that is strikingly similar is their cost-cutting strategies. In these times of recession, any form of ...

NON-CONVENTIONAL ENERGY: Italian co to make wind turbines at Chennai plant
Joint venture with Shriram EPC. Chennai, July 5 The Italian company, Leitner, a well known name for ropeways and cable cars in Europe, intends to make Chennai its manufacturing hub for its fairly new business— wind ...

BUDGET: The ‘holiday’ debate
It’s time for a paradigm shift on this question concerning tech companies, says expert.. It is time for a paradigm shift on the debate about tax holidays for IT (information technology) companies, says Abhishek Goenka, Partner and Leader ...

PSU: Anti-tank missile Nag to be produced by Bharat Dynamics
Hyderabad, July 5 The Indian Amy has completed user trials of Nag, which is a modern, all-weather, anti-tank guided missile that can defeat the ...

HOTELS: Low-cost airlines see big biz in food sales on board
CATERING FIRMS FROWN. The move to sell food and drinks could prove to be a money-spinner for the low cost airlines but the catering firms are looking glum as full service airlines turn into low or semi-low cost ...

HUMAN RESOURCES: 1,500 ITIs, 5,000 skill centres likely to come up on PPP basis
New Delhi, July 5 The Government expects the process of setting up 1,500 Industrial Training Institutes (ITIs) and 5,000 skill development centres to kick-start in the next eight months. A Cabinet note for this will be sent by the Labour ...

POWER: No immediate curbs on power supply: KSEB
Thiruvananthapuram, July 5 The Kerala State Electricity Board (KSEB) has no immediate plans to impose restrictions on power supply despite deficient monsoon rains. The board is, however, worried of two things; the monsoon has so far ...

TOURISM: AP, Orissa to explore cruise tourism project
Hyderabad, July 5 The Governments of Andhra Pradesh and Orissa are contemplating a sea cruise project to start services connecting Visakhapatnam ...

POWER: Electricity generation in TN improves, but power cuts on
Chennai, July 5 Aided by a ‘windfall’, electricity generation in Tamil Nadu improved about 15 per cent in June over the previous month, but the state continues to suffer from scheduled and unscheduled power ...

TOURISM: Tourism show
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HUMAN RESOURCES: ‘Upgrade skills during fiscal slowdown’
Hyderabad, July 5 Industry and academia should partner to provide skill upgrade programmes for unemployed graduates, said Mr B.V.R. Mohan Reddy, Chairman and Managing Director, Infotech ...

INDUSTRY ASSOCIATIONS: Railway budget, a mixed bag
Coimbatore, July 5 The Railway Budget has drawn a mixed reaction from the Southern India Engineering Manufacturers’ Association (SIEMA), Coimbatore, which, while welcoming various passenger-friendly announcements, is disappointed that ...

INDUSTRY ASSOCIATIONS: KCCI seeks facilities for Dakshina Kannada
Mangalore, July 5 The Kanara Chamber of Commerce and Industry (KCCI) has appealed to the Union Finance Minister, Mr Pranab Mukherjee, to improve infrastructure facilities in Dakshina ...

DISINVESTMENT: Centre hopes to net Rs 1,854 cr from NHPC, OIL divestment
New Delhi, July 5 The Centre expects to realise at least Rs 1,854 crore from the planned ‘offer for sale’ in National Hydroelectric Power Corporation (NHPC) Ltd and Oil India Ltd during fiscal ...

INFRASTRUCTURE: IIFCL loans to infra sector soar in 2008-09
New Delhi, July 5 Infrastructure financing company India Infrastructure Finance Company Ltd’s (IIFCL) loan disbursements to infrastructure sector have more than doubled in fiscal 2008-09 to Rs 3,197 crore. It was about Rs 1,541 crore ...

SMALL SAVINGS: Investors shy away from PPF
New Delhi, July 5 The public provident fund (PPF) scheme seems to have lost its sheen among investors going by the collection trend in the last three fiscal ...

PETROLEUM: Fuel pricing: Time for political parties to join hands
New Delhi, July 5 The July 1 decision of the UPA Government to increase the price of diesel by Rs 4 a litre and diesel by Rs 2 litre has predictably provoked the political reaction with Opposition parties staging a customary walkout on ...

BUDGET: Insurance sector seeks reforms
The general insurance industry is hoping to see an increase in the limit of premium eligible for service tax exemption, a lower tax on capital gains and bringing on par with life insurers the method of computing income tax. These are the demands ...

EDUCATION: Emirates sops for Kochi students
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