The Hindu Business Line : Thursday, June 12, 2008

NON-CONVENTIONAL ENERGY
TN welcomes private sector investments in solar power
Centre to pay supportive tariff in lieu of high investment costs More

COURTS/LEGAL ISSUES
Employer had right to dismiss worker if services were not required: HC
Chennai, June 11 The Madras High Court has concurred with the order of the Principal Labour Court, Chennai, that the decision of the management of a firm to terminate service of the petitioner on the ground of his post being not required for ... More

ECONOMY
RBI hikes repo rate to 8%
Mumbai, June 11 Interest rates are expected to go up further with Reserve Bank of India hiking its short-term lending rate by 0.25 percentage points with immediate effect.As part of its on-going effort to contain rising inflation, which ... More

EXCISE AND CUSTOMS
Area-based excise duty exemption scheme modified
New Delhi, June 11 The Finance Ministry has made further modifications to the area-based excise duty exemptions applicable to units located in Jammu & Kashmir, the North-East, Sikkim and Kutch district of Gujarat.From April 1 this ... More

FERTILISERS
Input shortage forces FACT to reschedule production
More

Fertiliser units await outcome of today’s Cabinet meeting
Hope new policy will cover costs, spell out medium-term plan More

Decision on nutrient-based fertiliser subsidy soon
The Union Cabinet in a week’s time will take a decision on the issue of nutrient-based fertiliser subsidy. Under this scheme, chemicals such as zinc and sulphur which are used for fertiliser production will get subsidy. The ... More

FOREIGN TRADE
India, Argentina call for balance in industrial tariff texts
New Delhi, June 11 India and Argentina underlined the need for restoring balance in the ongoing negotiations for modalities in non-agricultural market access (NAMA) agreement, fully honouring the principle of less than full reciprocity and ... More

INFRASTRUCTURE
Vizag SEZ making slow progress
The Visakhapatnam Special Economic Zone (VSEZ), under the Union Ministry of Commerce, has been making slow progress in the past two years. The zone was able to record Rs 746.77-crore export turnover during 2007-08 and during the year ... More

PETROLEUM
Sombre mood at airline chief executives meet
New Delhi, June 11 The mood at the second floor wood-panelled conference room was sombre. The room was the venue of the meeting that the Minister for Civil Aviation, Mr Praful Patel, was having with airline Chief Executives before leading a ... More

PHARMACEUTICALS
Takeover takes industry by surprise
Mumbai, June 11 It is quite dramatic, is what Cipla’s Chairman and Managing Director, Dr Yusuf K. Hamied, said from Spain, reacting to Ranbaxy’s decision to allow Japanese drug-maker Daiichi Sankyo to pick up ... More

POWER
‘Generation from NLC set to increase’
Chennai, June 11 Even as the non-permanent workers’ strike continues, electricity generation at Neyveli Lignite Corporation (NLC) is likely to inch up to near normalcy levels, thanks to the corporation’s mobilising workforce from ... More

EDUCATION
IIMA gets European accreditation
The Indian Institute of Management, Ahmedabad (IIM-A) has been accredited by the European Quality Improvement System (EQUIS), an international accreditation body for international business schools. With this, the IIM-A has become the first and ... More

TIME sets up playschools
Triumphant Institute of Management Education (TIME) Pvt Ltd, which offers coaching for management and technical education entrance exams, has forayed into pre-school segment by launching three playschools here. The Hyderabad-based institute, ... More

REAL ESTATE & CONSTRUCTION
A guide on green real estate launched
More

INDUSTRY ASSOCIATIONS
Scrap Press Note 1: Assocham
Mr Sajjan Jindal, The newly elected President of Associated Chambers of Commerce and Industry of India (Assocham) has suggested scraping of Press Note 1 to attract foreign direct investment (FDI) in the country with the latest technologies. Mr ... More

GENDER
Sikkim passes two Bills on women empowerment
Gangtok, June 11 Two Bills passed by the Sikkim Assembly on Wednesday will have far-reaching consequences as far as women empowerment in the State is concerned. The two Bills are the Sikkim Municipalities Second Amendment Bill ... More

EVENTS
National meet on voluntary sector at Kochi
Kochi, June 11 The Planning Commission, Institute of Small Enterprises and Development (ISED) and the International Network on SMEs in Local Economic Development-India (INSLED-INDIA) are scheduled to organise a national seminar on June 18-19 ... More