The Hindu Business Line : Tuesday, May 06, 2008

NRIS
SBI hikes FCNR (B), NRE deposits rates
Mumbai, May 5 State Bank of India has hiked the interest rates on FCNR (B) deposits in different currencies and on NRE (rupee) term deposit across varying maturities, with effect from May 1, ... More

AWARDS & HONOURS
Padma awardees
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ECONOMY
TN targeting Rs 30,000 cr in investment by Dec
Chennai, May 5 Aggressively targeting investments, diversifying the industrial base, employment-based incentives and a new IT policy were among the policy directions spelt out for the industrial development of Tamil Nadu by the State ... More

TN to attract investments in southern districts
Offers tax incentives for investments of over Rs 50 crore More

HEALTH
Fullerton launches hygiene drive
In a bid to reach out to the community and make a difference in their lives, Fullerton India Credit Company Ltd has organised a community-based environmental health programme ‘Sugekarana Yagjam’, which inspires people to promote ... More

INFRASTRUCTURE
Reliance Infra’s central business district in execution mode
Hyderabad, May 5 Reliance Infra, an ADAG company, is set to begin work on the country’s first greenfield central business district — which will entail investment of Rs 7,000 crore and host over 25 million sq ft of built up area, ... More

PETROLEUM
Kerala may revoke ATF tax relief
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PHARMACEUTICALS
Patent for biosimilar drugs may be made mandatory
Dose of stringent norms seen as cure More

POWER
India plans electricity network in South Asia
Aims to widen energy security; domestic firms cash in on opportunity More

N-deal: UPA-Left panel meet today
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Farakka record power generation
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TAXATION
State Finance Ministers’ panel moots CST cut to 2%
Thiruvananthapuram, May 5 The empowered committee of State Finance Ministers has decided to propose a reduction in the central sales tax (CST) from the existing three per cent to two per cent.This is a step towards the introduction of ... More

EDUCATION
Graduation ceremony at Nitte
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REAL ESTATE & CONSTRUCTION
Property expo for Gulf NRIs
Kochi, May 5 Kerala Builders Forum is organising the ‘Kerala Property Expo’ from the May 8 to 17 at three different locations in West Asia. The expo will be conducted in Doha on May 8-10 at Regency Hall, in Kuwait on May ... More

LEATHER
AP to form SPV for development of leather complex in Nellore
Hyderabad, May 5 The Andhra Pradesh Government is looking at creating a special purpose vehicle (SPV) for procuring land for the development of a 413 acre International Leather Complex at Krishnapatnam in Nellore district. . Official ... More

INDUSTRY ASSOCIATIONS
India Inc will continue overseas M&A ride: Kamath
New Delhi, May 5 India Inc would continue to expand its overseas footprint in the coming years on the strength of its “competitiveness” and increased opportunities for global buyouts, the new Confederation of Indian Industry (CII) ... More

Polish diplomat visits Chamber
M r W. Madziar, Second Secretary, Embassy of Poland, New Delhi, visited the Indian Chamber of Commerce and Industry here to explain the facilities available for investing in Poland. During the interaction, he said that there is potential to ... More

BIO-TECH & GENETICS
Journal on bio sciences as platform
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MINERALS
Sesa Goa moves to increase third party mining
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REGULATORY BODIES & RULINGS
IPO scam: Apellate tribunal sets aside SEBI order on Karvy
Says principles of natural justice were violated in probe More

SOCIETY & DEVELOPMENT
CII to set up a CSR task force
New Delhi, May 5 The Confederation of Indian Industry is planning to set up a centre that will offer consultancy services to companies to help them engage the community in their business. The principal sponsor of the centre is the TVS Group, ... More

INCOME TAX
Time limit for FBT scrutiny notice to be rationalised
The time limit for service of scrutiny notices for fringe benefit tax (FBT) assessments is proposed to be rationalised. The Income-Tax Department will have to serve scrutiny notice within six months from the end of the financial year in ... More

EXPORTS & IMPORTS
Why India has been exporting diesel, and importing it too
Reliance, with EOU status, will have to bear taxes to sell in domestic tariff areas More