The Hindu Business Line : Tuesday, July 24, 2007

CLIMATE & WEATHER
Chennai to get weatherproof cricket stadium for World Cup
Chennai, July 23 Cricket lovers will have an ultra modern, weatherproof cricket stadium in time for the 2011 World Cup to be held in Chennai.The stadium is to come up on 50 acres land to be given on a 30-year lease to the Tamil Nadu ... More

SOCIAL SECURITY
EPF board retains 8.5% rate for 06-07
Sub-committee constituted to assess the financial position More

AWARDS & HONOURS
NMDC chief gets eco award
Hyderabad, July 23 Mr B. Ramesh Kumar, Chairman & Managing Director of NMDC Ltd, received the Baldota Environmental Award at the Indian Mining Congress, organised by the Mining Engineers Association of India (MEAI) at Udaipur, Rajasthan ... More

ECONOMY
The myth of employment growth
According to a recent OECD report, India is creating more jobs than Brazil, China and Russia. India was creating 11.3 million net new jobs per year against 7 million by China, 2.7 million by Brazil and 0.7 million by Russia. The message was loud ... More

UNCTAD moots support for least developed countries
‘Technological learning, innovation key to development’ More

EXCISE AND CUSTOMS
Customs, excise chiefs meet today
The Union Finance Minister, Mr P. Chidambaram, will inaugurate the All-India annual conference of the chief commissioners and director-generals of Customs and Central Excise here on Tuesday. An official release said that the two-day conference ... More

INFRASTRUCTURE
SEZ movement has stabilised: Commerce Secy
Investments may cross Rs 1 lakh crore by year-end More

Railways completes pilot project to transport cars
Pipavav Rail designs double stack containers in electrified routes More

Rs 11,000-cr investments planned near Chennai
Nokia, Flextronics, Dell among investors More

Chennai, Kolkata airport modernisation: AAI to raise Rs 2,000 cr in 2 years
Total reconstruction costs estimated at over Rs 3,500 cr More

Centre to study Karnataka plea on road projects
New Delhi, July 23 The Finance Minister, Mr P. Chidambaram, has agreed to look into Karnataka’s suggestion to factor in the land costs in the total project costs for viability gap funding (VGF) of infrastructure projects done through ... More

PETROLEUM
Iran pipeline project: GAIL invites bids for legal consultant
More

OVL eyes Transmeridian’s oilfield in Kazakhstan
New Delhi, July 23 ONGC Videsh Ltd (OVL), the overseas arm of ONGC, may acquireUS oil firm, Transmeridian Exploration Inc’ s oilfields in Kazakhstan. An OVL team abroad is said to be considering the proposal. However, senior ... More

POWER
Ratnagiri may start power generation using gas as feedstock by mid-Aug
New Delhi, July 23 Ratnagiri Gas and Power Pvt Ltd (RGPPL), the erstwhile Dabhol power plant, may generate electricity using gas as a feedstock by mid-August. GAIL (India) Ltd, an equal promoter in RGPPL, on July 10 transported gas to the ... More

Sikkim not to scrap hydel projects
The Sikkim Chief Minister, Mr Pawan Chamling, said his Government will not scrap any hydel power project in the State. Addressing a gathering of landowners from the power project areas of Dzongu, North Sikkim, Mr Chamling said that the ... More

COAL
GoM clears competitive bid-based allocation of coal blocks
‘Move will make the process more objective, transparent’ More

RADIO/TV
‘Broadcast Regulatory Authority will be an independent body’
More

EDUCATION
British Council to hold pre-departure briefing
British Council is organising its annual pre-departure briefing here at the Avenue Centre on Wednesday for students who have received an offer of admission from a UK institution or are in the process of applying to one and are preparing to ... More

MEDICAL INSTITUTIONS & HOSPITALS
FICCI proposes five models for healthcare services
Private players may take over management under lease More

REAL ESTATE & CONSTRUCTION
Lodha group developing Rs 2,000-cr ‘iTHINK’ projects
To offer infrastructure, amenities on par with global corporate parks More

INDUSTRY ASSOCIATIONS
Bengal Chamber skills training camp for IT graduates
In a bid to address both the recruitment needs of corporates and placement requirements of institutes for their students, the Bengal Chamber of Commerce & Industry (BCCI) has set up a ‘Training and Placement Wing’ (TPW). ... More

INCOME TAX
Shyam Telecom shareholders in a fix over non-listing of Telelink shares
Facing problem over valuation for filing tax returns More

MF investors in Sikkim in a quandary over mandatory PAN directive
Central direct taxes not applicable; Chamber seeks exemption from SEBI order More

More complying with tax laws: Chidambaram
New Delhi, July 23 The Finance Minister, Mr P. Chidambaram, said on Monday that tax rates have been moderate in the country and that more people are complying with taxation laws.“I take legitimate pride in being part of the team ... More

EXPORTS & IMPORTS
Centre slashes import duties on cooking oils
Move in view of rising global prices More

Exporters say relief package ‘not enough’
New Delhi, July 23 A majority of the exporters surveyed by Assocham have found the recently announced Rs 1,400-crore relief package inadequate and sought a long-term export strategy to reduce transaction cost and restoration of suitable export ... More

TOURISM
Dubai Tourism targets small cities
Bangalore, July 23 Dubai plans to tap the potential of smaller cities in the country to leverage its popularity as the second largest outbound destination for Indian tourists by stepping up promotional initiatives. The Department of ... More