The Hindu Business Line : Friday, July 04, 2008

ECONOMY
Inflation measures are not anti-growth: Montek
New Delhi, July 3 Defending the current inflation control measures of the Government as “not anti-growth”, the Planning Commission Deputy Chairman, Mr Montek Singh Ahulwalia, today said that they are setting the pre-conditions ... More

India, China seen driving steel demand for next few years
LME steel billet futures may succeed despite reservations More

TN sets growth rate at 9%
Chennai, July 3 Tamil Nadu has set itself a overall growth rate of 9 per cent with emphasis on development in social sectors, industrial and agriculture, according to the plan document for the Eleventh Plan (2007-2012) formally submitted by ... More

Bankers brace for further increase in repo rates
Liquidity remains tight; inflation fears heightened by oil rise More

FOREIGN TRADE
Cabinet nod for Bill to set up authority on border trade posts
New Delhi, July 3 In a bid to boost India’s border trade, the Government has approved the introduction of a legislation for setting up a central authority to oversee the construction and maintenance of land check posts on the ... More

PETROLEUM
Cairn to start drilling campaign in northern Bihar
Kolkata, July 3 Cairn India will launch exploratory drilling campaign in its onshore block GV-ONN-2002/1 in northern Bihar after the monsoon. The company has already lined up a rig to drill the first well at Havidih under the Baheri ... More

RADIO/TV
UTV channels to focus on international audiences
New Delhi, July 3 UTV Global Broadcasting Ltd is betting on international markets to contribute about 20-25 per cent of its distribution revenues a year from now. It has already made two of its channels available through cable in Sri Lanka, ... More

REAL ESTATE & CONSTRUCTION
Construction academy plans to train 50,000 workers this year
The National Academy of Construction, which has its headquarters in Hyderabad and six regional centres in other parts of the State, is seeking to train 50,000 workers during the current financial year in construction activities and other ... More

KNITWEAR & HOSIERY
Forex derivatives and ‘Armstrong’ Palanisamys
More

HUMAN RESOURCES
Collectors told not to take target oriented approach to train youth
Hyderabad, July 3 The Chief Minister of Andhra Pradesh, Dr Y.S. Rajasekhara Reddy, has asked the District Collectors not to take a target-oriented approach to train the youth under the Rajiv Yuva Shakti programme. “The Chief ... More

Tribunal exceeded jurisdiction in refusing approval of dismissal of worker: HC
Chennai, July 3 Refusal by the Industrial Tribunal, Chennai, to approve an order of dismissal of a driver of the State-owned Anna Transport Corporation under Section 33(2)(b) of the Industrial Disputes Act has been set aside by the Madras ... More

INDUSTRIAL POLICY
Cabinet removes location curbs on industries
The Cabinet on Thursday abolished location-based industrial licensing policy under the Industries (Development & Regulation) Act (IDRA), and thereby, doing away with the requirement of obtaining an industrial licence from the ... More

EVENTS
We could do better with some Govt help: Nasscom
‘IT majors can save about $500 m if recruits come equipped for jobs’ More

Govt will shift to accrual system of accounting
New Delhi, July 3 The Centre has accepted in-principle to gradually move towards accrual basis of accounting. This was stated by the Controller General of Accounts (CGA), Mr V.N. Kaila, at a conference organised by the Institute of ... More

EXPORTS & IMPORTS
Maize exports banned till October 15
Domestic prices now ruling at Rs 950-1,000 a quintal More

Chilli exports increase to all-time high
Coonoor, July 3 The country’s chilli exports in 2006-07 fiscal reached an all-time high, an analysis of the information available with Spices Board and exporters reveals. Exports rose to 209 thousand tonnes from 148.5 thousand ... More

Steel pipe makers to cut prices
Ceiling of Rs 48,000 to be fixed More

PEOPLE
New SIEMA President
Mr Jayakumar Ramdass, Managing Director, Mahendra Pumps Pvt Ltd, Coimbatore, was elected President of the Southern India Engineering Manufacturers’ Association (SIEMA), Coimbatore, for 2008-09 at the AGM of the association held on July 2. ... More