The Hindu Business Line : Thursday, March 06, 2008

EMPLOYMENT
Lateral placements at IIM-K see plum offers from top firms
Kochi, March 5 Lateral placement season concluded at IIM Kozhikode with 35 premier recruiters from India and abroad participating in the event and making a total 103 offers to 55 students. The average salary for lateral placements this year ... More

ANTI-DUMPING
US to review shrimp anti-dumping duty
The US Department of Commerce has announced the preliminary determination of the second anti-dumping duty review against certain frozen freshwater shrimp from India along with four other countries such as Thailand, Brazil, Vietnam and Ecuador. ... More

AWARDS & HONOURS
Honour for Wipro’s Sangita Singh
Bangalore, March 5 Ms Sangita Singh, Senior Vice-President, Enterprise Applications Services, Wipro has been honoured with the Outstanding Woman Professional in IT by the Federation of Indian Chamber Chamber of Commerce & Industry’s ... More

BUDGET
Commodity transaction tax: Bourses officials meet Pawar
Mumbai, March 5 After protesting against the commodity transaction tax (CTT)proposed in the Budget with market regulator Forward Markets Commission, the three national commodity exchanges on Wednesday—MCX, NCDEX and NMCE—made a ... More

Budget document election manifesto of the Congress: Sinha
Kolkata, March 5 Describing the Union Budget 2008-09 as a “fraud on the process of budget-making”, Mr Yashwant Sinha, former Finance Minister and BJP leader, said making no budgetary provision for the Rs 60,000 crore outgo on loan ... More

‘Time to invest in stocks’
The Budget has indeed de-rated Indian equity valuations. Yet this is a good time for retail investors to start investing, because India’s growth story is intact, says Mr S Naren, Chief Investment Officer, ICICI Prudential Asset ... More

ECONOMY
Australia struggles to find balance between growth, inflation
‘Income growth in emerging economies changing global agri-food markets’ More

Maharashtra’s annual Plan fixed at Rs 25,000 cr
New Delhi, March 5 The Plan outlay of Maharashtra for 2008-09 has been pegged at Rs 25,000 crore inclusive of additional Central Assistance of Rs 250 crore for projects of special interest to the State. This was agreed at a meeting ... More

Hold price line, Govt tells manufacturing sector
‘Produce goods and services to meet rising demand’ More

GDP expected to be 8-8.5%, says CII snap poll
New Delhi, March 5 The Confederation of Indian Industry’s CEOs snap poll on the macro-economic outlook for the economy in 2008-09 said that 50 per cent of the participants expected GDP growth to be in the range of 8.0 per cent to 8.5 per ... More

Unfortunately, FRBM is not a fiscal transparency Act
Fiscal deficit really amounts to 3.11 per cent of GDP, not 2.5 per cent as professed. Surprised? "Don't be, as these are fiscal costs of budgeting for elections," explains Dr D. K. Srivastava, Director of the Madras School of Economics, in a ... More

Kerala’s debt burden, per capita debt on the rise
Total debt increases to Rs 57,139 crore in 2007-08 More

Chamling presents deficit budget
Gangtok, March 5 The Sikkim Chief Minister, Mr Pawan Chamling, presented a deficit budget in the Assembly here today for 2008-2009. The deficit has been put at Rs 0.39 crore. Contribution from tax revenue sources has been put at Rs 151.10 ... More

HEALTH
Man NY Life hopes to sell 3 lakh health cover policies
Mumbai, March 5 Max New York Life insurance expects to sell around 2.5-3 lakh health insurance policies by the end of the calendar year 2008.The company has launched a series of health insurance plans called ‘Lifeline’. The ... More

PETROLEUM
Deora visit: ONGC venture to be inked
New Delhi, March 5 Minister of Petroleum and Natural Gas Mr Murli Deora is visiting Venezuela on March 7-8, 2008. During his visit, a joint venture agreement between the national oil company of Venezuela, PDVSA and ONGC is scheduled to be ... More

Tax holiday withdrawal proposal in Budget
ONGC to review refinery investments More

POWER
TN clears cogeneration power projects
The Tamil Nadu Government has cleared a Rs 865 crore plan to set up over 185 MW of cogeneration power plants in the cooperative and public sector sugar mills.The Tamil Nadu Electricity Board (TNEB) will establish the power plants ... More

Provide power in rural areas to qualify for funds, States told
New Delhi, March 5 In a bid to ensure rural electrification efforts pick up pace, the Government, besides ramping up the allocation of its flagship programme, is planning to make the release of capital subsidy under the scheme conditional to ... More

STEEL
Steelmakers asked to adopt stable pricing methods
‘Rates can be in tandem with global price fluctuations of iron ore, coke’ More

Steel producers hike spot prices
New Delhi, March 5 Barely days after rolling back prices at the behest of the Steel Ministry, some steel producers led by Tata Steel on Wednesday hiked spot prices between Rs 1,500 and Rs 3,000 for various products. “We have hiked ... More

TAXATION
PM defends farm loan waiver
‘Picking up unpaid distress bills NDA had left behind’ More

Plea to change amendment on Cenvat credit in Budget
Madurai, March 5 The Tamilnadu Chamber of Commerce and Industry while welcoming the amendment on Cenvat credit in the Budget, has made a plea to make it effective from January 1, 2006 instead of from March 1, 2008.The chamber, in a ... More

SSI
SMEs top priority for HSBC India
Trade finance, cash management services next in focus More

COAL
CIL awaits Govt nod on Jharia Action Plan
New Delhi, March 5 Public sector coal major Coal India Ltd (CIL) has said that it is awaiting the Government’s approval on Jharia Action Plan to contain fire and make the coalfields worthy of meeting the growing needs of the steel ... More

MEDICAL INSTITUTIONS & HOSPITALS
Yashoda Hospital to set up cancer centre
Yashoda Hospital will be setting up an exclusive cancer centre with an investment of Rs 100 crore at its premises in Somajiguda here. The cancer centre would be operational by May 2008 and the hospital has also acquired a Rs 14-crore ‘Rapid ... More

REAL ESTATE & CONSTRUCTION
Amrutanjan Chennai property up for sale
Chennai, March 5 The Chennai-based Amrutanjan Ltd is selling a seven-acre prime property on Old Mahabalipuram Road, according to market sourcesThe move has attracted the interest of leading developers. Real estate developers who have ... More

Real estate prices in Hyderabad cooling off
Higher interest rates, input costs slow growth More

NEWSPAPERS & PUBLISHING
Nod for publishing scientific mags
The Government has allowed 107 scientific or technical magazines and journals to be published in India, by Indian companies with FDI on which there is no limit. In addition, the Ministry of Information and Broadcasting has also given permission ... More

RURAL DEVELOPMENT
DoT pulls up RCom for missing rural targets
New Delhi, March 5 The Department of Telecom has asked Reliance Communication to pay liquidated damages for missing out on the targets for rolling out Rural Community Phones under the Universal Services Obligation fund. As per the ... More

Rural healthcare: CARE to leverage ITC’s e-Choupals
Launches pilot project in Maharashtra More

EVENTS
‘Now, career opportunities galore all over the world’
Bangalore, March 5 For a young graduate, career choices are never easy. Choosing a career that matches one’s abilities and aspirations is one of life’s most difficult and important decisions. Which career is right, what options ... More

Flower show begins
More

Robots to play Govindas at Pune contest
Pune, March 5 Robots are set to play Dahi Handi – celebration of Lord Krishna’s birth. This is the theme of the Asia Pacific Robocon 2008 to be held in Pune and jointly organised by the Maharashtra Institute of ... More

TOURISM
TNAU setting up butterfly park at Vandalur
Coimbatore, March 5 The Tamil Nadu Agricultural University (TNAU) Coimbatore is to set up a butterfly garden with insect museum at the Arignar Anna Zoological Park at Vandalur in Chennai. Being promoted under a scheme of the Tamil ... More

ECONOMIC OFFENCES
Axis Bank guards card against skimming, counterfeiting
Mumbai, March 5 Skimming (trapping of card information stored on the magnetic strip of the card) might not be prevalent in India; however, this has not stopped banks from taking proactive measures to provide maximum security to their ... More