The Hindu Business Line : Friday, August 17, 2007

Supplementary demand for grants placed in Lok Sabha
New Delhi, Aug. 16 The first batch of supplementary demands for grants for 2007-08 for additional expenditure involving net cash outgo of Rs 10,428.22 crore was placed in the Lok Sabha today.The Finance Minister, Mr P. Chidambaram, ... More

ENVIRONMENT
‘Factors related to climate change must be given importance’
Drafting policy measures for socio-economic growth More

FERTILISERS
India seeks long-term supply of phosphates from Syria
New Delhi, Aug. 16 The Government has expressed interest to participate in long-term contracts with Syria for the import of rock phosphate and phosphoric acid. This was conveyed by the Minister of Steel, Chemicals and Fertilisers, Mr Ram Vilas ... More

HEALTH
Cipla’s drug gets on to US anti-AIDS initiative
‘First fixed dose drug approved for kids below 12 years’ More

INFRASTRUCTURE
Mumbai police lathi charge on protesting Shiv Sena members
The Navi Mumbai police on Thursday had to resort to lathi charge and burst tear gas shells to suppress violence by the Shiv Sena party members, who were protesting against the setting up of the Mukesh Ambani-led Reliance Maha Mumbai SEZ. ... More

Cabinet approves Delhi-Mumbai Industrial Corridor
Indo-Japan project likely to cost $90-100 b More

PETROLEUM
Paradip project: IOC may start tendering process soon
More

Oil marketing cos seek hike in petro product prices
Cite increase in international prices More

Empowered panel set up for gas pricing under NELP
New Delhi, Aug. 16 The Minister of State in the Ministry of Petroleum and Natural Gas, Mr Dinsha Patel, on Thursday informed the Lok Sabha that the issues related to gas pricing under the New Exploration Licensing Policy (NELP) are to be ... More

ONGC may raise crude output
Oil & Natural Gas Corporation’s crude oil output is expected to go up in the next three years. The Minister of State in the Ministry of Petroleum & Natural Gas, Mr Dinsha Patel, informed the Lok Sabha, that the company proposes to ... More

‘Crude imports may go up’
Crude oil import requirements of the country may go up to about 85 per cent by 2012 from the current level of 70 per cent as the growing demand for energy is met with little resources for harnessing alternative energy sources, according to ... More

POWER
KSEB moves for 2,000 MW extra capacity in 10 yrs
Thiruvananthapuram, Aug. 16 The Kerala State Electricity Board (KSEB) is targeting to add 2,000 MW of electricity to its installed capacity over the next 10 years.Of this, 250 MW is planned to be generated from wind power and 750 MW ... More

STEEL
SAIL, Posco ink pact to share marketing network
New Delhi, Aug. 16 SAIL and Posco have entered into a strategic partnership to co-operate in the area of purchasing raw materials and sharing marketing network in India.“The two companies have signed a memorandum of understanding ... More

TEXTILES
Stitch in time
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REAL ESTATE & CONSTRUCTION
DSCL completes land deal with DLF subsidiary
More

Bengal’s mega housing projects attract FDI in a big way
Eden venture being developed on public-private partnership model More

Commercial realty loans turning costlier
Repricing done in view of rising default risk, say PSBs More

TEXTILE MACHINERY
Textile machinery makers seek policy support
Coimbatore, Aug.16 The Textile Machinery Manufacturers’ Association (TMMA) has called for policy support from Centre to boost the domestic textile engineering industry’s competitiveness.It has sought changes in fiscal ... More

‘Labour imbalance bane of India’s garment productivity’
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BIO-TECH & GENETICS
GEAC clears large-scale trial of Bt brinjal
First-ever GM food crop to be tested at IIVR, Varanasi More

SCIENCE & TECHNOLOGY
Technology takes flight
An India-special series on Discovery More

RURAL DEVELOPMENT
United Bank sets up rural institute
United Bank of India has set up a Rural Development and Self-Employment Institute at Rajpur, 24-Parganas (South) District, where it is the Lead Bank. The institute was inaugurated by Dr Asim Dasgupta, Finance Minister, Government of West Bengal, ... More

INCOME TAX
Periodic monitoring of I-T Act essential, says Union Law Secy
Kolkata, Aug. 16 The Income-Tax Act is an exception to the concept of “whether law should lead or follow”, as it was the only piece of legislation in the country which had a vast machinery to monitor its influence. Speaking ... More

ECONOMIC OFFENCES
Banks must improve staff skills to curb money laundering: KPMG
New Delhi, Aug. 16 Banks in India and other Asia-Pacific countries must improve skills of their staff to curb money laundering activities, as training programmes are unsophisticated and the laws outdated, consultancy firm KPMG has said in a ... More