The Hindu Business Line : Wednesday, March 07, 2007

ECONOMIC SURVEY
`CEOs to blame for a co's reputation loss'
Corporate executives worldwide consider financial wrongdoing and unethical behaviour as the most significant threats to reputation, according to a new survey on `Safeguarding Reputation.' However, the survey has found that in terms of ... More

EMPLOYMENT
Placements begin at IIM-B
Placements began at the Indian Institute of Management, Bangalore today. According to sources, about 20 consulting and financial companies are present and are going to take their pick of the talent on Day Zero and Day One. Lehman ... More

INTERIORS & HOMES
Plywood makers reduce prices by 3%
Reacting positively to the stand of the Union Finance Minister, Mr P. Chidambaram, leading plywood manufacturers have decided to reduce effective prices of all types of plyboards and blackboards with effect from March 1. They have unanimously ... More

BUDGET
`Growth-oriented Budget'
Mr D.V. Dharmik, Chief Commissioner (Income Tax) has said that the Union Budget for 2007-08 is a growth-oriented Budget. "The Budget would set the direction for the overall growth and development of the economy," Mr Dharmik said. Addressing a ... More

CEMENT
Cement makers meet Chidambaram
Captains of Indian cement industry on Tuesday met the Union Finance Minister, Mr P. Chidambaram, to discuss the price hikes effected by them following the presentation of Budget 2007-08. This meeting assumes significance as it comes a day ... More

COURTS/LEGAL ISSUES
Making permanent worker a `badli' meant change of status: HC
The Madras High Court has ruled that word `demotion' could be only to bring down a worker from higher post to a lower one. Conferring on a permanent workman, post of `badli' would change his status, Mr Justice K. Chandru held. Setting aside the ... More

ECONOMY
The poor pay a high price
Since 2001, agricultural and rural labourers had to contend with annual price rises ranging from 1% to 3.9%. More

Sikkim Plan outlay fixed at Rs 691 cr
Told to strengthen small scale industry More

Chidambaram to address RBI board on Friday
The Finance Minister, Mr P. Chidambaram, will address the Central Board of Directors of the Reserve Bank of India here on Friday. Sources described this as a customary post-budget meeting. Besides the state of the economy and its growth ... More

Ministry-led team to take part in NE Council meet
Commodity boards' chairmen to make presentations More

FOREIGN TRADE
Border trade
VITAL GATEWAY: Goods being carried from Moreh market in Myanmar to Imphal through the National Highway No. 39 over the weekend. Moreh is one of the most popular international trade centres on the Indo-Myanmar border from where large quantities of ... More

HOTELS
Buddhadeb to open `Ginger' hotel in Durgapur today
Roots Corp plans big foray in East; Haldia, Kharagpur, Siliguri next in line More

PETROLEUM
`Efforts on to finalise issues pertaining to Iran pipeline project'
The Petroleum Minister, Mr Murli Deora, today said that efforts were being made to finalise all issues concerning the proposed Iran-Pakistan-India (IPI) gas pipeline project. In a reply to a question in the upper house, the Minister said, ... More

POWER
Gemini bags Rs 75-cr TNEB order
Computerising collections centre in second phase More

BHEL's boiler drum flagged off
A 500 MW boiler drum for the Vijayawada Thermal Power Station's extension project was flagged off from the Bharat Heavy Electricals Ltd, Tiruchi. A special 24-axle rail wagon, carrying the giant boiler drum weighing around 215 ... More

TAXATION
Tax on new services likely to fetch Rs 2,000 cr
The extension of service tax to cover rentals on commercial properties, as proposed in Budget 2007-08, is expected to rake in a tidy sum for the Government. In all, the Finance Ministry expects the new services to yield revenues of about Rs ... More

`Education cess must be spent properly'
Panel must be set up to perform the task, says Dastur More

SSI
Funds disposal at SIDBI `swift'
`Swift In Disposal Beyond Imagination' is the new avatar of the Small Industries Development Bank of India (SIDBI) and funds up to Rs 50 lakh are disposed within a week's time by the administration without recourse to an early legal processing. ... More

RADIO/TV
Tata Sky investing Rs 3,000 cr in expansion
Tata Sky Ltd today announced a special promotional plan, taking advantage of the forthcoming ICC Cricket World Cup and roping in Bollywood star Hrithik Roshan, aiming to reach one million households when it celebrates its first anniversary in ... More

EDUCATION
`Managers need to harness creative abilities'
Management students need to gear up for new challenges that the industry demands and expects out of them while continuing to harness their analytical and creative abilities, according to Prof. M.L. Sai Kumar, Head of Information Technology at the ... More

`Effective mechanism needed to take benefits to end user'
The Business Line Club at the Rajagiri School of Management here organised a discussion on the Union Budget 2007-08 on Tuesday. Addressing students on the Budget, Mr K.P. Padmakumar, former Chairman, Federal Bank, said the country is currently ... More

Ground reality!
STUDENTS OF THE ZILLA PARISHAD High School at Lankelapalem in Visakhapatnam take their tenth class Hope Examination in the school compound on Tuesday. The students have to sit on the floor as the school has no furniture. ... More

SCIENCE & TECHNOLOGY
NPCIL to add 10,000 MW capacity using imported fuel
State-owned Nuclear Power Corporation of India Ltd (NPCIL) is looking to set up new generation capacity of up to 10,000 MW using imported uranium over the next 5-10 years in the wake of the Indo-US nuclear deal. This could entail investments of ... More

WTO
EU presses for cuts in top-up duties on wine, spirit
The European Union today kept up the pressure on India to reduce "additional duties" on import of wine and spirits into the country. The European Union Agriculture Commissioner, Ms Mariann Fischer Boel, said that the EU was hoping for some ... More

RURAL DEVELOPMENT
Budget's rural focus can stimulate India Inc
Fiscal 2006-07 might be remembered as the year of fiscal prudence and financial rectitude. The year in which the revenue-side of the Government's accounts surged and expenditure was under leash. But more importantly, as the year in which the ... More

TOURISM
State plans infrastructure finance corpn for tourism
Special cell to be formed to woo investors More

Govt to set up helipads at major tourist spots
Bid to promote tourism and industry More

ECONOMIC OFFENCES
Pirated software worth $2.1 m seized in India last year
Business Software Alliance, a global trade body, seized pirated software worth $2.1 million in 2006 from India. Pirated software seized from raids in Delhi, Mumbai, Chennai, Kolkata, Ahmedabad, Bangalore and Hyderabad included those from Adobe, ... More