The Hindu Business Line : Tuesday, August 07, 2007

EMPLOYMENT
‘Investors have failed to provide job avenues to locals’
Gangtok, Aug. 6 The Sikkim Chief Minister, Mr Pawan Chamling, has expressed his dissatisfaction over the failure of investors in Sikkim to towards providing adequate employment opportunities to local people Addressing an investors meet ... More

CEMENT
Cement stocks: Analysts see capacity additions to put pressure on prices
Mumbai, Aug. 6 There seems to be few takers for cement company stocks in the bourses despite the manufacturers posting higher profits in the June quarter this year. Analysts feel that the additional capacities, being added across the country, ... More

ECONOMY
CBDT pegs cost inflation index for ’07-08 at 551
Useful for I-T purposes on capital gains More

FERTILISERS
Steps afoot to speed up urea import
Visakhapatnam, Aug. 6 All steps are being taken to speed up urea import and distribution this kharif season to avoid the scarcity witnessed last year, said the Union Secretary (Fertilisers), Mr J. Sridhar Sarma. He was speaking at a ... More

FOREIGN TRADE
India seeks Israeli expertise in R&D
Joint business forum launched More

INFRASTRUCTURE
Karnataka redefines expressway project as special State highway
Bangalore, Aug. 6 In a bid to expedite the land acquisition process for the six-lane expressway project to connect the new Banglaore International Airport at Devanahalli, the Government has redefined the project as a Special State Highway. ... More

GMR Infrastructure setting up multi-product SEZ in Krishnagiri
Pact with Tidco for Rs 2,300-cr project More

PETROLEUM
Cairn hopes to stabilise Cambay basin supplies
Kolkata, Aug. 6 Cairn India is expecting to stabilise natural gas supplies from its CB/OS-2 joint venture in Cambay basin, within this month. According to sources, supplies from the operation have become erratic in last few weeks and ... More

POWER
India-US nuclear agreement — It could have been worse
Though the objective of the Indo-US nuclear deal is ‘to enable full civil nuclear energy cooperation’, it has short-changed India in effectively ruling out transfer of sensitive nuclear technology. Other features of the agreement too spel l trouble on deeper examination. But as it is too late to reverse the outcome, one hopes the actual working of the Agreement will be smooth and in the right spirit, says B. S. RAGHAVAN. More

GVK’s Uttarakhand power project achieves financial closure
Capital cost of project estimated at Rs 2,069 cr More

What the reports should include
Here is a sampler of subjects to be covered by reports to US Congress:1. An analysis as to whether imported uranium has affected the rate of production in India of nuclear explosive devices; 2. An estimate of — (i) the ... More

TN panel drafts norms on power purchase
Future tariff orders for non-conventional energy More

TAXATION
‘Tax sops will help offset Re impact’
Nasscom in talks with Govt for help: Karnik More

SSI
Small sector rating agency opens ‘seva kendra’ in Coimbatore
Coimbatore, Aug. 6 The Small and Medium Enterprises (SMEs) in the country, which have secured rating from the SME Rating Agency of India Ltd (SMERA), have been able to obtain financial assistance at concessional rate of interest from the ... More

PERSONAL PRODUCTS
Distributors plan dharna against FMCG ‘practices’
Thiruvananthapuram, Aug. 6 The All Kerala Distributors’ Association (AKDA) is looking at launching an agitation against what it terms the “discriminatory practices” of FMCG companies.A few weeks back, the Association ... More

EDUCATION
TCS-sponsored programme at PSG
Coimbatore, Aug. 6 A ‘TCS-Sponsored Research Programme’ in Computer Science and Information Technology has been instituted at the PSG College of Technology here.An agreement to this effect was signed by the TCS Executive ... More

Paper leak: ICAI entrance exam will be held on Aug 26
New Delhi, Aug. 6 The Institute Chartered Accountants of India (ICAI) on Monday said that it has decided to cancel the Common Proficiency Test held on August 5 all over the country and abroad owing to a paper leak. This test would now be held ... More

CII to upgrade ITIs in Kerala
Kochi, Aug 6 As part of its initiatives to develop skills and employability, the Confederation of Indian Industry (Southern Region) has identified 13 ITIs in Kerala for upgrading.This is being done as part of the new initiatives ... More

AUTOMOBILE COMPONENTS
States must promote SEZ-like ‘Auto Parks’
Chennai, Aug. 6 The auto components sector offers tremendous opportunity at both the domestic and export levels and State Governments should create a good environment to tap the available potential, says Mr Abdul Majeed, Principal Consultant, ... More

SCIENCE & TECHNOLOGY
‘Indian cryo stage just a step away’
Bangalore, Aug. 6 The fully Indian cryogenic upper stage of ISRO’s satellite launcher is now just a lap away from final qualification, according to officials.On Saturday, the stage completed a second and much longer eight-minute ... More

MINING & QUARRYING
Heap of trouble
More

MINERALS
States seek say in new mineral policy
New Delhi, Aug 6 Chief Ministers of five mineral-rich states will seek the Prime Minister’s intervention to ensure that their views on the New Mineral Policy are factored in before it is tabled in Parliament.At a meeting with the ... More

WTO
Largest ‘tech assistance provider’
The United Nations Industrial Development Organisation (UNIDO) has become the largest provider of trade related technical assistance among UN organisations, according to the World Trade Organisation/OECD’s joint ‘Doha Development ... More

RURAL DEVELOPMENT
‘Backward districts in AP have industrial potential’
CII study on Anantapur, Chittoor and Kadapa released More

LABOUR REFORMS
Unorganised Sector Workers’ Bill may take more time
New Delhi, Aug. 6 The Group of Ministers, which was reconvened by the Prime Minister, Dr Manmohan Singh, to look into Unorganised Sector Workers’ Bill is still examining various aspects of the proposed measures. The GoM already ... More

EVENTS

Programme on RTI today

INCOME TAX
Tax experts, chambers want ITR-4 revisited
‘Increase monetary limits for compulsory tax audit for businessmen’ More

EXPORTS & IMPORTS
Exports set to cross $10-b mark
The ITES-BPO industry will reach a new milestone this fiscal as exports are set to cross the $10-billion mark, Mr Kiran Karnik said. The BPO industry, which has seen a good growth in the past few years, notched up revenues of around $8.3 ... More

STANDARDS & BENCHMARKS
Labelling norms on nutritional values put off
Centre gives time till Feb 20, may hold talks with industry More

ECONOMIC OFFENCES
CBI arrests Ashok Malhotra in Delhi land scam
New Delhi, Aug. 6 Mr Ashok Malhotra, a Delhi Assembly canteen vendor and alleged mastermind behind the multi-crore land scam, was arrested by the CBI from the studio of a private Hindi news channel on Monday.He has been taken for ... More