The Hindu Business Line : Wednesday, April 30, 2008

NON-CONVENTIONAL ENERGY
Srei building photovoltaic factory, power plant at Haldia
Kolkata, April 29 Srei, along with American firm Persius, will invest Rs 4,000 crore to build a photovoltaic factory and a 100-MW captive power plant at Haldia. German chip manufacturer Centrotherm will provide technological know-how in the ... More

CEMENT
Tinkering with duty irks cement cos
Mumbai/Chennai, April 29 More than the impact on the selling price, the cement industry is irked with the frequent tinkering with excise duty structure. The industry views today’s announcement by the Finance Minister, Mr P. Chidambaram, ... More

ECONOMY
Market gets a triple policy booster
Govt’s inflation-busting measures, RBI monetary policy lend cheer More

We will tame inflation and grow 8.5%, says Reddy
Dialogue on with banks on forex derivative deals More

Tighten your belts, PM tells corporates
‘Sobriety in corporate life style, compensation can help cut costs’ More

ENVIRONMENT
Kerala Govt drafting law to curb dumping of waste
The Kerala Government will soon enact a law to strictly prohibit dumping of waste in public places.The Government would also amend the Kerala Municipal Building Rules to make waste management mandatory in multiple residential units, the ... More

EXCISE AND CUSTOMS
No refund of 4% addl customs duty on unsold stocks: CBEC
The Finance Ministry has specified a maximum time limit of one year for making refund claims on the four per cent additional duty of customs (CVD) paid on goods imported by traders and subsequently sold within the country.This would ... More

FOREIGN TRADE
EU wants 90% of trade volumes under free trade pact
Kolkata, April 29 The European Union wants 90 per cent of the current trade volumes between India and the EU to be covered under the Free Trade Agreement (FTA) that is currently under discussion.According to Ms Daniele Smadja, ... More

HEALTH
Fapcci to organise health expo
The Federation of Andhra Pradesh Chambers of Commerce and Industry (Fapcci) in association with Bharatiya Vaidya Vidhan Ltd is organising a three-day health expo from May 9-11. A release from Fapcci said that the programme is aimed at creating a ... More

INFRASTRUCTURE
Bharat Forge SEZ farmers form company
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Banks get some leeway on infra loans
Mumbai, April 29 Allowing some leeway for infrastructure, loans accounts that are classified as sub-standard asset, the policy said that banks can classify as sub-standard, those infrastructure loans where the commercial production has not ... More

PETROLEUM
Crude oil output up 0.4% last fiscal
New Delhi, April 29 The country’s crude oil production during the last financial year ended March 31 rose marginally by 0.4 per cent from the year earlier. The output for the year stood at 34.12 million tonnes (mt). The natural gas ... More

I-T holiday extension brings cheer to 3 PSU refineries
The upcoming public sector refineries – Paradeep, Bina, and Bhatinda – got a boost today after the Finance Minister, Mr P. Chidambaram, extended the seven-year Income-Tax holiday to refineries being commissioned by March 31, 2012. ... More

POWER
TNEB plans ECS route to accept bill payments
‘All time’ collection centres also planned More

STEEL
Chidambaram unveils fiscal measures to tame steel, food prices
15% export duty on steel; customs duty on milk powder cut More

TAXATION
PSU refineries get tax holiday
New Delhi, April 29 Three upcoming PSU refineries, units coming under the STPI scheme and 100 per cent export-oriented units are some of the beneficiaries of the amendments moved by the Finance Minister, Mr P. Chidambaram, to the Finance Bill ... More

$200 a tonne export duty on basmati
Base shipment price lowered to $1,000; exporters peeved More

CREDIT POLICY
Chidambaram welcomes RBI’s ‘balanced’ approach
New Delhi, April 29 The Finance Minister, Mr P. Chidambaram, on Tuesday welcomed the Reserve Bank of India’s decision to keep policy rates unchanged even as he endorsed the central bank’s move to hike cash reserve ratio (CRR) for ... More

RADIO/TV
Broadcasting federation looks to resolve surrogate ads issue
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REAL ESTATE & CONSTRUCTION
IMPACT
Leeway on infrastructure finance
Policy boost to housing More

REMFs NAV calculation: Experts see 90-day computation reasonable
Mumbai, April 29 Although the computation of daily Net Asset Value for Real Estate Mutual Funds can only be approximate, since it would be impossible for the real estate component of the assets to be valued every day, the variations would be ... More

INDUSTRY ASSOCIATIONS
Tax waiver for STPI units to continue till March 2010
One-year breather welcome, will help find workable options: Nasscom More

Industry divided on impact
The industry chambers are divided over the announcements made in the Credit Policy on Tuesday. The CII supported the CRR hike by 0.25 percentage points stating it would help the Government bring down inflation as per the target. However, ... More

CII Madurai Zone to develop job, entrepreneurial skills
Madurai, April 29 The Confederation of Indian Industry, Madurai Zone has set as its agenda (during 2008-09) and has decided to work on specific developmental activities in southern Tamil Nadu.Mr R. Dinesh, Chairman, CII (Madurai Zone), ... More

TOURISM
Kerala woos Gujaratis with veg cuisine
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Sylvan settings
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