The Hindu Business Line : Tuesday, January 22, 2008

SOCIAL SECURITY
Cover to be increased under ESI scheme
The Andhra Pradesh Government has approved a plan to raise the insurance cover for all the insured under the ESI (Employees State Insurance) scheme to Rs 2 lakh from the current Rs 1 lakh for major ailments referred to super specialty ... More

AWARDS & HONOURS
Ravi Nedungadi is IMA India’s CFO of the year; Tata Steel gets deal of the year award
Mumbai, Jan. 21 The UB group and the Tata Steel group Chief Financial Officers were among the winners of the 7th India CFO Awards 2007 instituted by International Markets Assessment India (IMA India).Mr Ravi Nedungadi, CFO, UB group, ... More

Award for Sivathanu Pillai
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CHEMICALS
V.S. Sampath new Chemicals Secretary
New Delhi, Jan. 21 The Government on Monday announced that Mr V. S. Sampath has taken over as the Secretary of Department of Chemicals and Petrochemicals. Mr Sampath, a 1973 batch officer of the Indian Administrative Service of the ... More

COURTS/LEGAL ISSUES
IMPACT
Court order magnifies meltdown in sugar stocks
Sugar stocks were among the worst hit on Monday’s market meltdown, with stocks of select large manufacturers such as Bajaj Hindusthan and Triveni Engineering shedding as much as 25-28 per cent during the day. A Supreme Court ruling on ... More

ECONOMY
‘Global outlook more uncertain now’
Mumbai, Jan. 21 The US sub-prime crisis and global financial uncertainties seem to list high on the RBI Governor, Dr Y.V. Reddy’s list of concerns, a week before the quarterly review of the monetary policy on January 29. Speaking ... More

Capital market growth is priority concern: PM
New Delhi, Jan 21 Reacting to the stock market crash, the Prime Minister, Dr Manmohan Singh, today said that corrections do happen in the market and the orderly growth of the stock market was a priority concern for the Government. Dr ... More

Manipur annual Plan fixed at Rs 1,660 cr
New Delhi, Jan. 21 The Annual Plan for Manipur for 2008-09 has been pegged at Rs 1,660 crore, inclusive of a special plan assistance of Rs 550 crore for projects of particular interest to the State. This was finalised today at a ... More

‘Fundamentals of Indian economy strong’
Finance Ministry says market fall reflects global uncertainties More

ENVIRONMENT
MCX launches futures in carbon credits
Mumbai, Jan. 21 A fortnight after the Government notified futures trading in carbon credits, Multi Commodity Exchange (MCX) on Monday launched the facility for the first time in India.Branded as ECX-CFI MiniSM, there will be five ... More

FOREIGN TRADE
‘Economic nationalism’ in West a cause for concern: Kamal Nath
India should play a greater role in global affairs, says Gordon Brown More

Brown hopeful that agreements worth £10 b will be signed soon
New Delhi, Jan. 21 The British Prime Minister, Mr Gordon Brown on Monday expressed the hope that deals worth £10 billion, currently being negotiated between India and the UK, would be signed in the coming months. Addressing a joint ... More

HOTELS
‘Hospitality industry facing manpower crunch’
Chennai, Jan. 21 If you thought that the best place to head for some authentic South Indian fare would be the choice of five-star restaurants in the city, you may be wrong. The demand from a rapidly expanding hospitality industry in ... More

INFRASTRUCTURE
Reliance SEZ proposal among a dozen cleared
New Delhi, Jan. 21 The Board of Approval for Special Economic Zones (SEZ) today gave its nod for a dozen proposals including one in-principle approval for a multi-product SEZ by Reliance in Jhaijar district, Haryana.The BoA, which was ... More

PETROLEUM
IOC, Oil India join hands with Algerian co for exploration in Libya
Chennai, Jan. 21 Two petroleum PSUs, Indian Oil Corporation and Oil India Ltd, have joined hands with Sonatrach, the national oil company of Algeria, for prospecting for oil in a Libyan onshore block, it is learnt. The Algerian company will ... More

REAL ESTATE & CONSTRUCTION
Real estate developers urged to track HR dynamics
Chennai, Jan. 21As companies start linking real estate to their long-term strategy, it is important for real estate developers to understand aspects like corporate finance management, information technology and strategic human resources ... More

SCIENCE & TECHNOLOGY
ISRO puts Israeli ‘spy’ satellite in orbit
A purely commercial contract, says Madhavan Nair More

Research on basic science vital: Kalam
Madurai, Jan 21 Research in basic science is vital for development. Indian organisations and industries will need to promote this for acquiring technological innovations and the strength to face global competitiveness. The country needs ... More

RURAL DEVELOPMENT
Widening of panchayats’ revenues recommended
Administrative reforms panel moots funds mobilisation More

Tribals can soon sell in open market
Tribals in Andhra Pradesh will soon be allowed to sell their non-timber produce in the open market. The Andhra Pradesh Government has agreed in-principle to allow them to access the markets in order to help them get better revenues. Currently, ... More

INCOME TAX
Enhance personal income-tax threshold limit: TN Chamber
The Tamil Nadu Chamber of Commerce and Industry has urged the Union Finance Minister to enhance the threshold limit for the personal income-tax in the ensuing budget. In a pre-budget memorandum, submitted to the Union Finance Minister Mr P. ... More

EXPORTS & IMPORTS
Case for duty-free import of edible oils
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