The Hindu Business Line : Tuesday, November 27, 2007

SOCIAL SECURITY
Gratuity Bill for teachers
Teachers could soon be entitled for gratuity benefits under the Payment of Gratuity Act, which is a central statute. A Bill to extend the benefits of gratuity to teachers, under the Central Gratuity Law, was introduced in the Lok Sabha here on ... More

AUTOMOBILES
LPG/CNG kit makers hope to cash in on high petro prices
With fuel prices flirting with $100 a barrel, the number of car users switching over to cheaper fuel options is set to rise, say kit makers and car dealers catering to this market. The Delhi-based Minda Auto Gas, the sole supplier of ... More

COURTS/LEGAL ISSUES
‘Recoveries from VRS payments from rice mill workers were illegal’
An order making recoveries from boiler operators in Modern Rice Mills of TN Civil Supplies Corporation at Kadachanendal, Madurai, for alleged ‘short out-turns’, was set aside by the Madurai Bench of Madras High Court. When a ... More

Now, law firms hiring engineering grads
Chennai, Nov. 26 Few years ago it would have been unheard of. But thanks to outsourcing, engineering graduates have yet another interesting career option to explore – working in a law firm. Some legal process outsourcing (LPO) ... More

ECONOMY
Cycle of poverty?
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FOREIGN TRADE
EU keen on finalising trade pact with India
New Delhi, Nov. 26 The European Union is keen on finalising a free trade agreement with India at the earliest, especially as the volume of trade between them was running around €1 billion a week. Addressing a press conference, the ... More

India, Malaysia mull pact on economic co-operation
‘Indian professionals have key role in Malaysia’s economic development’ More

India seeks investment from Netherlands
New Delhi, Nov 26 India hailed the focussed approach of the Netherlands for identifying collaborations in bio-technology, agri-business, health, infrastructure and logistics and research and development. During the visit of Dutch ... More

Wales seeks investments from India
New Delhi, Nov 26 Wales is investing millions of pounds to help incoming companies increase profitability, find the right locations and develop their people and products, said the Welsh Minister for Economy and Transport, Mr Ieuan Wyn Jones, ... More

HOTELS
TN Govt may ease floor space index rules
Chennai, Nov. 26 The Tamil Nadu Government will consider hoteliers’ demand for relaxing floor space index (FSI) to enable the existing hotels to add more rooms in the same premises, announced the Minister for Tourism, Mr Suresh Rajan. ... More

INFRASTRUCTURE
Steps taken to reduce farm land acquisition for Mangalore SEZ
Eco-sensitive land areas will also be dropped, says CEO More

PETROLEUM
India, Russia explore areas of co-operation in hydrocarbon sector
New Delhi, Nov. 26 India and Russia on Monday discussed areas of co-operation in hydrocarbon sector. The discussions took place between the Prime Minister of Russian Federation, Mr Victor A. Zubkov, and the Petroleum Minister, Mr Murli Deora. ... More

PHARMACEUTICALS
NPPA issues notices for Rs 736 cr for overcharging
New Delhi, Nov. 26 The National Pharmaceutical Pricing Authority’s (NPPA) increased market surveillance has led to demand notices worth Rs 736 crore being sent to manufacturers of scheduled drugs for charging above the Government ... More

POWER
Partial power tariff hike in Kerala
Thiruvananthapuram, Nov. 26 The Kerala State Electricity Regulatory Commission today announced a revision of power tariffs for some categories of consumers in the State. While there is no change in the power tariff for domestic ... More

NTPC clears Rs 7,245-cr proposals
NTPC Ltd’s board of directors on Monday cleared investment proposals of Rs 7,244.9 crore. According to a statement issued by NTPC to the BSE, the company will set up a greenfield 2x500 MW coal-based power plant in Mauda, Amravati district, ... More

TEXTILES
Textile sector seeks PM’s help to ease strong rupee
New Delhi, Nov 26 Hit hard by the appreciating rupee, the textile industry has sought the intervention of the Prime Minister, Dr Manmohan Singh. A delegation led by Mr P D Patodia, Chairman, Confederation of Indian Textile Industry (CITI) met ... More

EDUCATION
Higher education
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FOODS & FOOD PROCESSING
Ministry to set up mega food parks
‘This will help link farmers, food processors’ More

REAL ESTATE & CONSTRUCTION
Emaar MGF project in Chennai
More

PAPER, BOARD & NEWSPRINT
Paperex expo from Dec 7
New Delhi, Nov. 26 Paperex, a biennial show in the pulp, paper and conversion industry, is being held from December 7. The expo, which has seen an unprecedented growth of over 50 per cent from the last edition, is being held for the eighth ... More

SCIENCE & TECHNOLOGY
A peep into the animated life of cells
BEAUTIFUL & CLEVER More

MINING & QUARRYING
Lafarge to resume Meghalaya mining this week
Kolkata, Nov. 26 French cement company Lafarge is resuming limestone quarrying operations and restarting movement of limestone to its Bangladesh plant this week after more than six months of complete halt at Nongtrai mine in Meghalaya. ... More

Jindals seek to develop mines in Salem, Tiruvannamalai
Chennai, Nov 26 The Jindal group today reiterated its request for permission to develop iron ore mines in Salem and Tiruvannamalai to feed the steel units of Southern Iron and Steel Company Ltd (SISCOL). After taking over SISCOL in 2004 ... More

CINEMA
Film industry poised for big growth: Study
More

FOREIGN DIRECT INVESTMENT
‘Euro area drawing FDI from emerging markets’
Current imbalances matter of global concern: Trichet More

EVENTS
India story: ‘Reality check, cautious optimism necessary’
Ahmedabad, Nov. 26 It is time the country became cautious in its optimism in the rising economy and gave itself a reality check, according to Mr N. Ram, Editor-in-Chief, The Hindu. At an invited presentation during ... More

Kottayam book fair
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International presence in Constro
The 10th edition of Constro, being held here from November 28 to December 2, will have international participation for the first time from countries including China, Germany, Italy, Korea, Holland, Denmark, Dubai and Malaysia . Mr R.D.Nagarkar, ... More

ALTERNATIVE MEDICINES
‘Emulate Chinese initiative on neem’
Coimbatore, Nov 26 The Managing Trustee of the Neem Foundation, Ms Pramila Thakkar, stressed on the need to promote neem aggressively lest we miss out to China. “China, which was earlier looking at the China Berry (Melia ... More