The Hindu Business Line : Friday, July 13, 2007

NRIS
Forex processing centre
Karnataka Bank Ltd opened a Central Processing Centre (CPC) for processing forex transactions in Mangalore on Thursday. A bank release said here that Mr Ananthakrishna, Chairman and Chief Executive Officer of the bank, inaugurated the centre to ... More

NON-CONVENTIONAL ENERGY
Biodiesel unit at Vizag planned
Southern Online Bio-Technologies (SBT), which began commercial production of biodiesel on Thursday at its Nalgonda unit, has decided to set up another unit in Visakhapatnam with an investment of Rs 75 crore. “We are trying options such as ... More

ECONOMY
Education, the key to inclusive growth
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Slowdown in manufacturing pulls down IIP to 11.1% in May
New Delhi, July 12 Slowdown in manufacturing dragged down the Index of Industrial Production (IIP) marginally to 11.1 per cent in May from 11.7 per cent in the corresponding month last year. While the mining and electricity sectors ... More

Bengal ranks fifth in wooing investments: Survey
Buddhadeb voted best Chief Minister More

EXCISE AND CUSTOMS
Customs duty collections up 19.8% in Q1
New Delhi, July 12 Customs duty revenues of the Centre continue to be buoyant, with collections in the first quarter of the current fiscal recording a 19.8 per cent increase to Rs 23,571 crore as compared to Rs 19,677 crore collected in the ... More

FOREIGN TRADE
Via Nathu La… again
Old-timers recall the highs and lows of trading on the fabled Silk Route before it was closed for 44 years and finally reopened last year. More

PSU
Govt raises retirement age in profitable PSUs
New Delhi, July 12 The retirement age of employees of profitable Central public sector undertakings (PSUs) is likely to get extended from 58 to 60.The Cabinet today gave approval to empower the Ministers concerned in various ... More

Power arrears due to KSEB put at Rs 1,671 cr
The electricity charge arrears due to the Kerala State Electricity Board (KSEB) were at Rs. 1,671 crore at the end of March 2007.The Electricity Minister, Mr A.K. Balan, said in reply to questions in the State Assembly on Thursday that ... More

PETROCHEMICALS
AP submits application for setting up petrochem zone
New Delhi, July 12 Andhra Pradesh has submitted its application for establishing Petroleum Chemical and Petrochemical Investment Regions (PCPIRs) in Visakhapatnam, Kakinada and Rajamundhry. During a review of the status of the new PCPIR ... More

PETROLEUM
ONGC, OIL seek equitable sharing of subsidy burden
For offsetting revenue losses suffered for selling below cost price More

Decision on KG gas pricing within a month
CoS may be asked to submit the report to a Group of Ministers More

Manali Oil Refinery road to be improved
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TAXATION
`TN implements VAT efficiently'
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SSI
Higher advance targets set for agri, SSI, priority sectors
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`Hike excise exemption limit for SSIs'
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Nortel ties up with Airtel to offer SMB solutions
Our Bureau More

TERRORISM
‘…because I’m a mother’
The saga of enduring courage and hope of families that refuse to let the country forget the loved ones gone “missing” in militancy-torn Kashmir. More

RADIO/TV
Neo Sports inks deal with HumTumTV
Mumbai, July 12 Neo Sports has announced a deal with HumTumTV, the Indian channel provider in Japan, for live telecast of Neo Sports across Japan, Korea and Taiwan, with effect from July 1. With this deal, Neo Sports is spreading its ... More

EDUCATION
Biz school, ICICI Pru tie-up
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Mangalore varsity ties up with Texas
Mangalore University has decided to start MSc in Radiation Physics under a twinning programme with Texas A&M University, Texas. Addressing presspersons here on Thursday, Prof K.M. Kaveriappa, Vice-Chancellor of Mangalore University, ... More

Foreign education Bill unlikely in monsoon session
New Delhi, July 12 The entry of overseas educational institutions in to the country has hit a road block. A source close to the development told Business Line that “there are a host of issues involved in allowing foreign ... More

MEDICAL INSTITUTIONS & HOSPITALS
PCB notices to hospitals
A number of hospitals operating in Ernakulam have come under the scanner of the Kerala State Pollution Control Board (KSPCB) for violation of air and water pollution norms as well as biomedical waste handling rules notified under the Environment ... More

REAL ESTATE & CONSTRUCTION
Marginal rise in realtyoccupancy cost in Q1
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RURAL DEVELOPMENT
World Bank okays $65 m more for poverty reduction in AP
‘57 lakh poor women mobilised into 4,70,000 self-help groups’ More

EVENTS
AIRIA, IIT-Kharagpur inpact for rubber expo
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EXPORTS & IMPORTS
Ministry hikes DEPB rates
New Delhi, July 12 The Commerce Ministry on Thursday announced that duty entitlement passbook (DEPB) rates have been hiked by three per cent in nine identified sectors. These sectors are textiles (including handloom), readymade ... More

Bailing out exporters
Relief package announced: The Finance Secretary, Mr D. Subbarao, flanked by the Secretary, Financial Sector, Mr Vinod Rai (right), and the Revenue Secretary, Mr P.V. Bhide, addressing a press conference in the Capital on ... More