The Hindu Business Line : Saturday, May 03, 2008

NON-CONVENTIONAL ENERGY
IREDA hopes to get €250 m global aid
New Delhi, May 2 The Indian Renewable Energy Development Agency Ltd (IREDA) is likely to receive financial assistance from foreign institutions such as Nordic Investment Bank, European Investment Bank and KFW Germany, for its various renewable ... More

CEMENT
Cement realisations hit in Jan-March quarter
Mumbai, May 2 The Government’s measures to keep cement prices under check seem to have had a cascading effect on companies’ price realisations.Industry majors – ACC, Ambuja Cement and UltraTech – have reported a ... More

‘Price control has no place in free market’
Mumbai/Delhi/Chennai, May 2 The cement industry feels that moves to control prices have no place in a free market, even as the Centre is likely to meet industry representatives to discuss the issue of rising cement prices.Industry ... More

ECONOMY
Home loans: Housing finance cos see growth, banks slowdown
High interest rate environment, problems in recovery have moderated credit flow More

Govt aims to move economy forward thru inclusive growth
Chidambaram lays stress on better infrastructure More

Thirteenth Finance Commission to submit report by Oct 2009
New Delhi, May 2 The Thirteenth Finance Commission met Chairmen and members of previous Finance Commissions at New Delhi on Friday. This meeting was the culmination of the series of regional and national consultative committee meetings held ... More

CII team with PM
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EXCISE AND CUSTOMS
Service tax Registration Week
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FOREIGN TRADE
Delay in border trade with China thru Nathula
The annual Indo-China border trade over the Nathula for the year will have to wait till May 19, according to the District Collector (East) Mr Vishal Chauhan. The district administration will however continue to process applications of ... More

INFRASTRUCTURE
CCEA approves Agam SPV Six’s FDI plans
New Delhi, May 2 The Cabinet Committee on Economic Affairs (CCEA) on Thursday gave its approval to Agam SPV Six Ltd to establish a wholly-owned subsidiary with FDI of up to Rs 1170 crore to set up new airports and upgrade existing airports in ... More

PSU
Nalco gets Navratna status
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PETROLEUM
Diesel shipments from Assam to Bangladesh stay suspended
The barge movement of diesel from Assam to Bangladesh has remained suspended for four months now mainly due to the time being taken by the Union Government to declare Silghat on the Brhamaputra river as the loading port. In December ... More

POWER
Coastal Energen plans thermal power project near Tuticorin
Chennai, May 2 Coastal Energen Private Ltd (CEPL) intends to put up a 2,000-MW thermal power project near Tuticorin at an investment of Rs 8,500 crore, the company’s President and CEO, Mr Ahmed Buhari, told a press conference here on ... More

Domestic manufacturing key for future ultra mega power projects
New Delhi, May 2 The Centre has paved the way for mandatory domestic manufacturing for future power equipment contracts to be awarded in the country. It has spelt out clear norms stipulating that participants in the bidding process for all ... More

TAXATION
Commodity transaction tax likely from June
Mumbai, May 1 Having failed to convince the Union Finance Minister, Mr P. Chidambaram, on rolling back commodity transaction tax (CTT), the exchanges and broking firms are now gearing up for a smooth roll out of the tax. Mr Unupom Kausik, ... More

Meet on goods and services tax on May 5
The Empowered Committee of State Finance Ministers will meet here on May 5.Apart from Finance and Taxation Ministers from all the States in the country, the department secretaries and tax commissioners will also participate in the ... More

ELECTRICAL GOODS
Stage set for induction of supercritical plant tech
Placement of bulk orders on BHEL cleared More

REAL ESTATE & CONSTRUCTION
Green Homes rating system launched
Hyderabad, May 2 The Indian Green Building Council (IGBC) on Friday launched the IGBC-Green Homes rating system at CII-Sohrabji Godrej Green Business Centre here.The IGBC-Green Home rating system is the first ecological rating programme ... More

SEBI notifies cities for REMF schemes
Mumbai, May 2 The Market regulator, SEBI, on Friday notified the cities in which real estate assets will be eligible for investment under the recently announced Real Estate Mutual Funds scheme guidelines.The regulator has notified 35 ... More

INDUSTRY ASSOCIATIONS
Felicitation
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FOREIGN DIRECT INVESTMENT
FDI inflows in 2007-08 up 56% at $24.57 b
New Delhi, May 2 Foreign direct investment (FDI) inflows during 2007-08 stood at $24.57 billion, up 56.50 per cent compared with $15.7 billion in 2006-07.For 2008-09, the Government is targeting around $35 billion FDI inflows, the ... More

NYSE Euronext plan among 15 FDI proposals cleared
New Delhi, May 2 NYSE Euronext’s plans to pick up 5 per cent stake in Multi-Commodity Exchange (MCX), at an estimated investment of Rs 218.51 crore, was among the 15 FDI proposals cleared by the Government on Friday. The proposals ... More

EXPORTS & IMPORTS
Basmati exporters upset over $200/t cess
The $200 a tonne (Rs 8,000 a tonne) cess on basmati rice exports imposed by the Finance Ministry is likely to affect shipments from the country, which is a major origin of the aromatic long grain rice.According to the President of All ... More