The Hindu Business Line : Monday, August 25, 2008

INDUSTRY & ECONOMY

EXPORTS & IMPORTS: Power import policy on cards to boost hydel inflows
Private firms may have a larger role in tapping Himalayan-rim nations. New Delhi, Aug. 24 The Centre is working on a power import policy to step up hydropower development in the Himalayan-rim countries for facilitating electricity inflows into ...

INCOME TAX: Sportspersons brought under ‘professional services’, to pay more tax
New Delhi, Aug. 24 Sportspersons have been unconditionally brought under the ambit of tax deduction at source (TDS) at a higher rate, with the Central Board of Direct Taxes (CBDT) now categorising their services in relation to sports ...

PETROLEUM: Oil marketing cos will have to pay more for petrol, diesel from EOU refinery
New Delhi, Aug. 24 The public sector oil marketing companies – Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation – may have to bear a higher price for petrol and diesel purchased from a ...

HUMAN RESOURCES: Pay attention to mentoring
For a start-up, mentoring key employees is an ingredient of success. Maybe you can tell your team about your desire to partner with us.” As soon as these words left my mouth, I realised that I had made a major faux ...

PETROLEUM: Lowdown on windfall tax
There has been increasing demand from a section of political parties that we in India need to levy windfall tax on oil companies which are seen to have made excess profits with recent changes in global oil ...

URBAN DEVELOPMENT: New body for Hyderabad development launched
Mandated to build infrastructure with long-term perspective. Hyderabad, Aug. 24 The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, on Sunday launched the Hyderabad Metropolitan Development Authority (HMDA) whose mandate will be to ...

INFRASTRUCTURE: Call to fight coastal corridor proposal
‘It will devastate the fragile marine ecological systems’. Visakhapatnam, Aug. 24 Leaders of fishermen and other coastal communities, NGOs and environmentalists have urged the Andhra Pradesh Government to give up the coastal ...

FOREIGN TRADE: Which is better, FDI or foreign trade?
Reams have been written on this issue. Suffice it to say that as a rule of thumb, developing nations stand more to gain through FDI (foreign direct investment) and developed ones more through international trade. Which is why at the WTO, ...

EVENTS: Meet stresses on importance of GI registration in N-E
Gangtok, Aug. 24 The potential of Sikkim’s rich traditional products attaining Geographical Indications (GI) status was emphasised in the first North-East sensitisation workshop held at the Directorate of Handicrafts and Handlooms ...

REAL ESTATE & CONSTRUCTION: NRIs upbeat on investing in real estate
Kolkata, Aug 24 At a time when the domestic demand for houses and flats has slowed down, the NRI investment in real estates is showing an upward trend. ...

EVENTS: ‘Budget deficit starving pvt sector of resources’
Chennai, Aug. 24 The Government is impounding about 48 per cent of the funds of the public sector banks – over Rs 150,000 crore – to finance the budget deficit “thereby starving the private sector of resources”, said Dr ...

EDUCATION: Coaching for minority students

EVENTS: Book release

URBAN DEVELOPMENT: Growing global

ECONOMY: Inflation impact

PERSONAL PRODUCTS: Consumer durables sector turning around: CII
Consumer durables sector is showing signs of a turnaround and expects to register an increase in topline (sales) growth during 2008-09, according to CII Consumer Durables Sector Snap Poll results issued here on Sunday. ...

MEDICAL INSTITUTIONS & HOSPITALS: LifeSpring opens fifth hospital
Hyderabad, Aug. 24 LifeSpring Hospitals, a venture of Hindustan Latex Ltd, and the US-based non-profit Acumen Fund, has commissioned its fifth hospital here on Sunday and plans to set up a chain of about 30 low-cost model hospitals within two ...

GOLD & SILVER: Gold to test support, rise higher
Gold futures ended lower as a rally in equities sparked off pre-weekend profit-taking and oil’s retreat only added to the bearish sentiment. Further pressure on the metal came as oil prices pulled back and easing Russia-Georgia tensions ...