The Hindu Business Line : Tuesday, November 25, 2008

INDUSTRY & ECONOMY

TAXATION: ‘Lower tax on aviation fuel needs political consensus’
Govt open to amending Central Sales Tax Act: Chidambaram. New Delhi, Nov. 24 In what could be good news for the domestic airline industry, the Finance Ministry has said that it is open to the idea of amending the Central Sales Tax Act to make ...

PETROLEUM: Kingfisher, AI to lower fares
New Delhi, Nov. 24 Domestic flying will become cheaper in the next few days. On Monday night, Kingfisher Airlines announced that it will lower ...

ECONOMY: Coping with the crisis
Judging from the apathetic response of the markets and economy to the Reserve Bank of India’s latest measures announced last Saturday, two suspicions now stand confirmed. Since September, the Government has erred about the source of ...

RADIO/TV: Broadcasters get ready to beat slowdown blues
Ad growth rates likely to be lower in the coming quarters. Mumbai, Nov. 24 Broadcasters are bracing themselves for sluggish ad growth rates in the next few quarters. In the current slowdown, lowered ad spends are likely to lead to unsold ...

NON-CONVENTIONAL ENERGY: BHEL, BEL plan integrated photovoltaic facility
Efforts on to get private player in Rs 6,000-crore project. New Delhi, Nov. 24 Engineering major Bharat Heavy Electricals Ltd (BHEL) is betting big on solar energy and, in partnership with defence electronic company Bharat Electronics Ltd ...

TOURISM: Aviation fuel prices, weak rupee impact outbound tourist traffic
Bangalore, Nov 24 The outbound tourist traffic, already clouded by the present economic crisis, has been hit hard by the fluctuating ATF prices, ever-weakening rupee and the zero commission stance adopted by some ...

FOREIGN TRADE: India calls for new Asian Integration Adjustment Facility
To facilitate free-trade pacts, regional integration. New Delhi, Nov. 24 India today floated the creation of an Asian Integration Adjustment Assistance Facility in order to help overcome competitive threats from free trade agreements and other ...

REAL ESTATE & CONSTRUCTION: Home buyers worry about job security
Mumbai, Nov. 24 Property buyers appear to be more concerned about job security in the current economic scenario rather than high home loan rates or prices ...

ECONOMY: ‘Property slowdown to have ripple effect’
This can impact economy, says Goldman Sachs. The ripple effect of a slowing property market is likely to result in a substantial impact on the Indian economy, states a report by the Asia Economics Research Team at Goldman ...

INFRASTRUCTURE: Panel on Amritsar airport set up
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AWARDS & HONOURS: DST Secy for Nayudamma award
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ECONOMY: ‘IT industry in Kerala not hit by recession’
Thiruvananthapuram, Nov. 24 The Chief Minister, Mr V. S. Achuthanandan, has said that the global economic crisis had not affected the IT industry in the State and no case of retrenchment directly attributable to the same has been reported ...

EVENTS: PM to inaugurate PanIIT 2008 meet
IIT Madras to host 3-day summit. Chennai, Nov. 24 Four out every 10 IIT-ians who graduated prior to 2001 are in top-leadership roles in corporates, educational institutions, research labs, NGOs, government agencies and politics or entrepreneurs ...

PETROLEUM: Stocks of oil marketing companies perform better than benchmark
‘Companies have much better margins with oil between $50 and $60’. Mumbai, Nov. 24 Oil marketing companies stocks have gained 19 to 28 per cent in the past month when the Sensex has moved up by just 2.32 ...

EDUCATION: IIT Madras, HP Labs to work on research project
HP to provide $50,000-$70,000 annually for 3 years. Chennai, Nov. 24 Professors and students at IIT Madras will join hands with HP Labs India’s researchers in exploring newer forms of human-computer interacting, including hand gesture and ...

POWER: SIEMA wants curbs on power use to go
Coimbatore, Nov. 24 Tamil Nadu Electricity Board (TNEB) should withdraw power cuts as it has imposed a 40 per cent cut on maximum demand and restricted industries from drawing power from the grid between 6 p.m. and 10 p.m., according to ...

EXPORTS & IMPORTS: Pharma exporters brace for payment delays
Mumbai, Nov. 24 Exports during a global financial crisis can be challenging. But it has only got more so, with the possibility of delayed payments on exports becoming one more reason to worry for Indian drug makers. Several of them are active ...

MINERALS: Freight discount scheme lures more iron ore traffic thru South Eastern Rly
Kolkata, Nov 24 The freight discounts, as announced by the Railways early this month to boost loading of iron ore for exports, have benefited South Eastern Railway (SER) more than the East Coast Railway (ECoR). As many as 25 requisitions ...

ECONOMY: Bleak scenario
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PETROLEUM: Indian crude basket falls to $43.82/barrel
New Delhi, Nov. 24 In line with the fall in global crude prices, the Indian crude basket on Friday hit over three-year low at $43.82 a barrel. This mounted pressure on the Government to consider a downward revision in the retail selling prices ...

COURTS/LEGAL ISSUES: NGO moves HC against DoT on excess spectrum
New Delhi, Nov. 24 Telecom Watchdog, an NGO based in Delhi, has filed a petition in the Delhi High Court against the Government’s decision to allocate spectrum to existing mobile companies beyond what was committed in the ...

FOREIGN TRADE: Govt to develop integrated checkpost at Attari
New Delhi, Nov. 24 The Government decided to take immediate action for the development of an Integrated Check Post (ICP) at Attari and plan integrated action for the development of railway-related infrastructure with the ...

POWER: AP power bill to go up by Rs 700 cr a month
Hyderabad, Nov. 24 To bridge the growing demand-supply gap for energy demand in Andhra Pradesh, AP Transco is set to foot an additional bill of Rs 700 crore a month till ...

EDUCATION: Mr Ramanujam Sridhar, CEO of Brand.comm; Al-Ameen Institute of Management Studies, Bangalore
Bangalore, Nov. 24 Brands must not only be relevant but also affordable to consumers in rural markets, said Mr Ramanujam Sridhar, CEO of Brand.comm, here ...

EDUCATION: Dr Varma, Dy GM, Corporate HR, Matrix Laboratories Ltd; Institute of Aeronautical Engineering College, Dundigal
Hyderabad, Nov. 24. Emphasising the need for goal setting, Dr Ravindra Varma, a HR expert, has said it must be measurable and relate to what you really want ...

NON-CONVENTIONAL ENERGY: Seminar on solar energy
Towards propagation of widespread use of solar energy and the challenges before financial institutions in effective implementation of the same, the Dharwad-headquartered Karnataka Vikas Grameena Bank (KVGB) will conduct a seminar on ...