The Hindu Business Line : Friday, February 09, 2007

EMPLOYMENT
Apprentices have no right to seek preference in jobs over others: HC
Apprentice trainees had no right to seek job in preference to other applicants, the Madras High Court has ruled. Citing a ruling of the Supreme Court on October 3, 1996, the First Bench held that apprentices/trainees should have to go through ... More

NRIS
ICICI Bank looking for US partner for remittance biz
Launches rupee-denominated card for beneficiaries of NRIs More

ECONOMY
Spend force
Who are the Indians who will be rich in 2015 and, more important, how will they spend their wealth? More

BUDGET EXPECTATIONS
Re-engineering social sector development
The performance of the social sector assumes centre-stage, as the ongoing reforms process — both internal liberalisation programmes as well as globalisation — does not seem to have benefited the underprivileged sections. The answer lies i n co-opting the Panchayati Raj Institutions in social sector development, says M. R. VENKATESH. More

ENVIRONMENT
Rs 400-cr waste disposal project for Chennai likely
Chennai Corpn to call for international bids from pvt cos More

`Carbon credit projects, next big opportunity'
Indian companies and organisations could vie for a pie in the $3.5-billion opportunity in the form of CDM (clean development mechanism) projects. Delivering the keynote address at the seminar on clean development opportunities here on Thursday, ... More

EXCISE AND CUSTOMS
Plea for excise duty on refined oils opposed
The Solvent Extractors' Association of India has opposed the suggestion to impose excise duty on refined edible oils. In a representation to the Union Finance Minister, the association has argued that the move would not generate substantial ... More

INFRASTRUCTURE
Assocham plea to Ministry
Industry chamber Assocham has urged the Finance Ministry to allow all private banks to raise foreign currency borrowings to finance infrastructure projects and exempt them from paying a withholding tax on interest charged on such ... More

PETROLEUM
Govt amends oil marketing guidelines, control orders
The Petroleum Ministry has amended the Marketing Discipline Guidelines (MDGs) 2005 and carried out required amendments in the Control Orders to provide legal backing to the practice of blending kerosene with the approved marker. The Petroleum ... More

Reliance gets approval for oil production in K-G basin
The Directorate General of Hydrocarbons (DGH) on Thursday said that it has approved the commercial production of oil from a deep-water block in the Krishna-Godavari basin run by Reliance Industries Ltd. Commercial production from the block is ... More

RADIO/TV
DD receives delayed feed; Nimbus awaits court verdict
Doordarshan on Thursday received a deferred feed of Nimbus Communications' live telecast of the India-Sri Lanka cricket match, despite the recent Ordinance promulgated by the Government. The Sports Broadcasting Signals (Mandatory Sharing with ... More

FM, TV channels produce Hindi chat show
FM radio company Big 92.7 FM and TV channel IBN 7 have come together to produce a show in what is probably a first-of-its-kind initiative in the country. `The Big Show - Crazy Kiya Re' is a Hindi chat show that will be aired on both TV and ... More

EDUCATION
IIT Bombay draws up mega plan for 150th year
Sets up Golden Jubilee office, to raise Rs 300 cr More

REAL ESTATE & CONSTRUCTION
Vijay Shanthi targets HNIs for Thaiyur project
Vijay Shanthi Builders Ltd, which has Rs 1,000-crore worth residential projects in the pipeline, is launching a project targeted at high net worth individuals in the 35 to 40 age group, according to Mr Naresh Jain, its Executive Director. The ... More

Dubai co plans property fairs in India
Reversing the trend of the Indian real estate players going abroad for selling properties, Dubai based Al Fager Information and Services (AFIS) plans to organise property fairs in India to offer international projects to Indians. Beginning in ... More

SCIENCE & TECHNOLOGY
`India, EU must pass on benefits of science to the grassroots'
The President, Mr A.P.J.Abdul Kalam, has urged Indian and the European Union to bring the benefits of science to the grassroots level. He was addressing the India-European Union (EU) Ministerial Science Conference, organised by the Department of ... More

MINING & QUARRYING
Uranium mining project in AP approved
Will supplement nuclear power programme fuel needs More

NEWSPAPERS & PUBLISHING
S. Rangarajan passes away
Congenial Chairman of The Hindu More

GENDER
UTI MF to offer micro-pension scheme for rural women in Tiruchi
Fund house hopes to regain top slot in AUM through these initiatives More

DISINVESTMENT
Cabinet okays stake sale in 3 power companies
Public offer of fresh shares likely in first quarter of next fiscal More

Left flays disinvestment move
Even as the Finance Minister Mr P. Chidambaram claimed that the Left parties were consulted before reinitiating disinvestment, the CPI(M) termed the exercise "uncalled for" and the CPI said the move would lead to disinvestment. ... More

FOREIGN DIRECT INVESTMENT
Assocham for 49% cap on retail FDI
Industry chamber Assocham has sought foreign direct investment (FDI) in retail to be capped at 49 per cent. In a note sent to the Prime Minister, Dr Manmohan Singh, and the UPA Chairperson, Ms Sonia Gandhi, the Assocham ... More

IPR
Accession to Madrid Protocol okayed
The Union Cabinet on Thursday gave its approval for India's accession to the Madrid Protocol concerning the International Registration of Marks. It also approved amending the Trademarks Act 1999. The Cabinet also gave its nod ... More

`Enforce patent laws to strengthen economy'
Infringements of law and delayed legal settlements weaken the confidence of the world in India's capacity to protect originality and global standardisation of products. More

EVENTS
Kolkata to host global tea meet in October
Marketing and selling tea through new channels to be focus points More

ENTREPRENEURSHIP
Feeding a car project... and their personal dreams
Group of 25 local women launch canteen services at project site More

INCOME TAX
Panel to help resolve tax disputes
Mr Ramesh Midha, Vice-Chairman, Settlement Commission, urged income-tax assessees to get in touch with the commission to settle their disputes related to tax issues, according to a press release. Addressing a seminar here on ... More

Rationalise TDS structure: CII
According to the Confederation of Indian Industry (CII), there are number of provisions for tax deduced at source (TDS) that needs to be rationalised under one single section by consolidating the various sections, such as ... More

EXPORTS & IMPORTS
Rapeseed extraction exports rise
A major jump in rapeseed extraction exports to 91,650 tonnes was a notable feature of oilmeal shipments in January , while soyabean extractions were flat at a little over 5 lakh tonnes, according to data released by the Solvent ... More

ECONOMIC OFFENCES
Govt pulls up banks over compliance
Anti-money laundering reports More