The Hindu Business Line : Saturday, August 09, 2008

INDUSTRY & ECONOMY

ENVIRONMENT: SC okays forest clearance for Posco, Sterlite projects
Sterlite to pay 10% profit or Rs 10 cr, whichever is more, for tribal welfare. New Delhi, Aug. 8 In a significant ruling that may boost the morale of the investing community, the Supreme Court on Friday gave its go ahead for diversion of ...

GOLD & SILVER: Gold ETFs post negative returns for first time this year
Prices down by 7-8% in July; funds not perturbed. Mumbai, Aug. 8 Listed gold exchange-traded funds (ETF) posted negative returns for the first time this year, sliding 6.95 per cent in ...

FOREIGN TRADE: ‘India-Asean free trade pact launch in Jan or June’
New Delhi, Aug 8 After protracted parleys and two missed deadlines in 2005 and 2007, the India-Asean Free Trade Agreement (FTA) would be out of the drawing board to be launched either on January 1 or June 1, 2009 with the wrapping up of ...

INFRASTRUCTURE: States urged to focus on public-pvt partnerships
Kolkata, Aug. 8 Public-private partnerships (PPP) in infrastructure projects need to be integrated in the planning process, according to Mr Gajendra Haldea, Principal Adviser (Infrastructure) Planning ...

POWER: No eco clearance yet for two thermal projects on AP coast
Public hearing on Polatitippa plant to be held on Aug 28. The appraisal committee of the Union Ministry of Environment and Forests has not yet given clearance to the two proposed thermal power plants in Andhra Pradesh in the private sector ...

COAL: Power crisis looms large as key thermal stations starve for coal
NTPC warns of shutdowns if supplies don’t improve. New Delhi, Aug 8 The coal shortage situation that has been brewing across the country’s thermal power stations has taken a turn for the worse, with at least six major thermal power ...

INFRASTRUCTURE: Andhra Pradesh eyeing SEZs to generate jobs: CM
Nellore (AP), Aug. 8 “Andhra Pradesh will use every opportunity to grow well through SEZs,” said the Chief Minister, Dr Y.S. Rajasekhara Reddy, while addressing social issues relating to relief and ...

ECONOMY: AP forms GoM to curb prices
Hyderabad, Aug 8 The Andhra Pradesh Government has formed a Group of Ministers (GoM) to find ways to control the spiralling prices of essential ...

ECONOMY: ‘Problems facing Indian economy are short term’
Chennai, Aug 8 Dr Arvind Virmani, Chief Economic Adviser to the Ministry of Finance, on Thursday said that the problems that the economy is facing are cyclical and therefore short term. The medium and long term prospects of the Indian economy ...

SCIENCE & TECHNOLOGY: Remote sensing policy being upgraded
Bangalore, Aug 8 The Department of Space is re-visiting its seven-year-old Remote Sensing Data ...

HUMAN RESOURCES: It’s still IT over manufacturing for engg students: CII
Not much has changed over seven years, says study. Pune, Aug. 8 Information technology continues to remain the most preferred career choice for engineering students after completion of their course. Engineering and automobile companies are ...

INCOME TAX: Sikkim taxpayers confused over terms of circular
Gangtok, Aug 8 It has been barely two days since the new Income-Tax Office in the State was inaugurated, but taxpayers here seem to be a confused ...

ENVIRONMENT: Titan green exchange initiative

INDUSTRY ASSOCIATIONS: ‘Effective risk management vital for success’
Bangalore, Aug 8 Communication with stakeholders on the risk measures could help an enterprise overcome difficult situations and emerge stronger. Apart from the usual business cycle downside or unwise strategic decisions, enterprise risks ...

TAXATION: RBI panel for STT waiver on trades in interest rate futures
Mumbai, Aug. 8 An RBI technical committee has suggested waiver of Securities Transaction Tax (STT) for trades in Interest Rate Futures. ...

PACKAGING: ‘India can become global hub for packaging’
New Delhi, Aug. 8 Despite the boom created by the retail and FMCG sectors, the packaging industry is reeling under margin pressures essentially caused by a rise in raw material prices. Industry players note that India can become the ...

PETROLEUM: IOC allowed to use Paradip refinery credit line
New Delhi, Aug. 8 In a move that would allow Indian Oil Corporation Ltd (IOC) to tide over its liquidity crunch, the Reserve Bank of India has allowed the company to use its Paradip refinery allocated credit line for meeting its working ...

EDUCATION: Excellence centre for unorganised sector planned
Hyderabad, Aug 8 The National Institute of Micro, Small and Medium Enterprises (Nimsme) is looking at creating a Centre of Excellence for the unorganised sector in its Hyderabad ...

ECONOMY: Falling prices cheer; but upside risks remain
Mumbai, Aug 8 If you thought the recent downturn in commodity prices across markets – energy, metals, agriculture – signals the end of the bull run of last three years and perhaps marks the beginning of the imminent burst of what ...

ENTREPRENEURSHIP: ‘Aspire to be entrepreneurs, not job-seekers’
Coimbatore, Aug 8 Managing change is the need of the hour and to meet customers’ requirements, companies have to continuously modify their products, according to Mr G. Rajendran, Managing Director, CRI Pumps Pvt Ltd, ...

FOREIGN TRADE: SAFTA: Cabinet nod for deleting 264 items from sensitive list

MINERALS: Outlay for uranium exploration

FOREIGN TRADE: Nod for MoU with Netherlands
New Delhi, Aug. 8 The Union Cabinet on Friday gave its ex-post-facto approval for signing of a MoU between India and the Netherlands in the ports, maritime transport and logistics sector. According to an official release, Government of the ...