The Hindu Business Line : Tuesday, December 02, 2008

INDUSTRY & ECONOMY

EXPORTS & IMPORTS: Exports dip 12% at $12.82 b in October
Overall growth at 23.7% in Apr-Oct ‘08. New Delhi, Dec. 1 Although India’s export juggernaut slowed down distinctly in October 2008 by 12 per cent in dollar terms amid the slowdown of the global economy, overall export growth during ...

PETROLEUM: Non-domestic LPG prices cut by Rs 240-270 a cylinder
New Delhi, Dec. 1 Private and public players in the non-domestic liquefied petroleum gas (LPG) business have passed on the benefit of reduction in international product prices to ...

TERRORISM: Road to recovery
No nation in the world could have wished more for a rewrite of last week’s events than India when its financial capital, the city of dreams, was brought to its knees by a handful of terrorists driven by a methodical irrationality to ...

TERRORISM: Terror strikes see news channels score over GECs
English channels keep ads away during telecast. Mumbai, Dec. 1 News channels scored over general entertainment channels (GECs) on November 27 and 28 for their telecast of the terrorist attacks in Mumbai. According to aMap ratings, it was the ...

FOREIGN TRADE: UAE-India: Progressive partnership
From the firm mercantile foundations of the past when dates, pearls, clothes and spices were the main items of trade, commercial ties between India and the United Arab Emirates (UAE) have in recent years, acquired a new level of maturity. ...

FOREIGN TRADE: Establishing a vital link
“India and the UAE enjoy a very special relationship based on historical links and shared traditions and values,” says Syed M. Salahuddin, Managing Director of the Dubai-based ETA Ascon Star ...

RURAL DEVELOPMENT: Nabard sanctions Rs 298 cr
For projects approved under Rural Infrastructure Development Fund. Hyderabad, Dec. 1 The National Bank for Agriculture and Rural Development (Nabard) has sanctioned Rs 298.46 crore loan assistance to Andhra Pradesh Government to undertake 127 ...

EDUCATION: ICAI gets offers for TV channel venture
Chennai, Dec. 1 The Institute of Chartered Accountants of India has received many offers from various TV channel operators for its proposed ICAI Channel, the President of the institute, Mr Ved Jain, told ...

READYMADE GARMENTS: Garment export council calls for hike in duty drawback rates
Expects 24% shortfall in target on tepid overseas demand. New Delhi, Dec 1 The country’s garment export industry apprehends a shortfall of 24 per cent to the target of $11.62 billion set for the current fiscal, in the wake of the worrisome ...

TERRORISM: Of daring escapes and devastating deaths
Mumbai, Dec. 1 Emotional stories of daring escapes and devastating deaths continue to haunt the city, as it grasped at strains of normalcy, like getting back to work on Monday, after the brazen terrorist attacks of the week ...

TERRORISM: Taj control handed back
Mumbai, Dec. 1 The control of terror-scarred properties of the Taj Mahal Palace and Towers was handed back to the Taj Group by security agencies on ...

TERRORISM: Getting minor ports to use modern security measures a challenge
New Delhi, Dec 1 The Shipping Ministry is looking to beef up port security. It can mandate action in the 12 major ports under the Centre’s ...

EXPORTS & IMPORTS: FIEO, MCX-SX ink pact
The micro, small and medium enterprise (MSME) export sector can now look forward to obtain training on the sophisticated currency and commodity markets to equip them in tackling volatility that marks trading in such markets. The Federation of ...

PETROLEUM: Plea for reducing petrol price
Sattur Chamber of Commerce and Industries has made a plea for a reduction in the price of petrol. In a letter addressed to the Prime Minister, Dr Manmohan Singh, the Chamber Secretary, Mr P.K.A. Balsubramanian, said that the reduction in the ...

EDUCATION: Nalsar, IAAM sign agreement
Nalsar University of Law has signed a memorandum of understanding with the Institute of Applied Aviation Management (IAAM), Kozhikode, for introduction of a one-year post-graduate diploma in Aviation Law and Air Transport Management. ...

HOTELS: Bangalore hotels, malls to beef up security
Bangalore, Dec. 1 That they were attacks not on a city called Mumbai but the nation as a whole is evident from the aftershocks being felt in cities as far as Bangalore and ...

PAINTS: Automotive paint companies hit by industry slowdown
No dip in demand seen in decorative segment. Mumbai, Dec. 1 Slowdown in vehicle sales has taken the sheen off domestic automotive paint companies, that are now brushing up to face tougher times in the future. Paint companies catering to the ...

EMPLOYMENT: ‘Creation of more jobs in non-farm sector vital for food security’
Creation of two crore jobs in the non-farm sector in the rural areas over the next twenty years is necessary to achieve a nutrition secure India, said Dr M.S. Swaminathan, Member of Parliament and Chairman M.S. Swaminathan Research ...

TERRORISM: ‘No co-ordinated counter attack’
Mumbai, Dec. 1 “What was seen in the Mumbai attack was lack of preparedness. There was no co-ordinated counter attack on the terrorist,” said renowned defence expert, Major General (Retd) Eustace ...

TERRORISM: NIC sees further growth in terror cover premiums
‘No exposure to Taj, Oberoi’. Kolkata, Dec. 1 The National Insurance Corporation (NIC) is expecting a growth in terrorism cover premium income from corporate clients in days to come, according to Mr V. Ramasaamy, NIC’s ...

SOCIAL SECURITY: Pension for physically challenged increased
District Medical Boards will be set up to issue certificates. Hyderabad, Dec. 1 The Andhra Pradesh Government has announced an increase in pensions for the physically challenged which would be implemented ...

HOTELS: Trident to open shortly, Oberoi to take 3-4 months
Mumbai, Dec. 1 The Oberoi Group has started to put together its shattered pieces of life, with senior management speaking to employees to boost their morale, and pay homage to those who laid down their lives in service. Trident will be open ...

TERRORISM: Firepro sees rise in Govt spending on surveillance tools
Bangalore, Dec. 1 “Unfortunate incidents like the terror attacks in Mumbai only reinforce the need for security systems. And what you put there in properties are just engineered products. How much you get out of them depends on the ...

INCOME TAX: Consider assessee’s plea for interest waiver on delayed tax payment: HC
The Madurai Bench of the Madras High Court has ruled that an income-tax assessee was entitled to get refund of interest charged by the I-T authorities, and the Chief Commissioner of Income Tax, Tiruchi, was not correct in rejecting the claim ...

NON-CONVENTIONAL ENERGY: Wind power body asks TN electricity regulator to hike tariff
To make investments in wind mills viable. Chennai, Dec. 1 The Indian Wind Power Association, while welcoming the Tamil Nadu Electricity Regulatory Commission (TNERC) order approving its petition seeking permission to let wind energy generators ...

TERRORISM: Biometric cards for fishermen
Mangalore, Dec. 1 Biometric smartcards will be made compulsory for sea-going fishermen in coastal Karnataka from January ...

INFRASTRUCTURE: Giving infrastructure a leg-up
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AUTOMOBILES: All terrain vehicle
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POWER: GMR Energy to supply 200 MW to Bangalore
Bangalore, Dec. 1 GMR Energy Ltd (GEL) has signed a contract for supply of 200 MW power on a “round-the-clock” basis to Bangalore Electricity Supply Company Ltd (Bescom) from November 16 to January ...

REAL ESTATE & CONSTRUCTION: Serviced apartments in Mumbai may see surge in demand
Mumbai, Dec. 1 As always is the case, opportunities surface even in adversity. The terror strike has left the city numb, but realtors, battered by poor offtake and falling prices, are expecting the serviced apartment space in Mumbai to look up ...

RADIO/TV: TRAI seeks quality norms for non-CAS cable TV
New Delhi, Dec 1 In a bid to make available better services to consumers, the Telecom Regulatory Authority of India (TRAI) has issued a consultation paper on quality of service for DTH services and cable TV services in non-CAS ...

COURTS/LEGAL ISSUES: CBI court sends Todi to jail till Dec 12
Kolkata, Dec. 1 Mrs Justice Madhumita Roy, CBI Court, on Monday sent the prime accused in the Rizwanur Rahaman unnatural death case, Ashok Todi, to jail custody till December ...

TERRORISM: US help
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BOOKS: Metro chronicle
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INDUSTRY ASSOCIATIONS: TN chamber protest fast against hike in property tax
Madurai, Dec. 1 The Tamilnadu Chamber of Commerce and Industry will observe a ‘protest fast’ here on Tuesday urging the Madurai Corporation to bring down the steep hike in property ...

CINEMA: ‘Indo-UK film treaty evokes tremendous interest’
Chennai, Dec. 1 The Indo-UK Film Co-Production Treaty that came into force about three weeks ago has evoked tremendous interest from Indian film producers to shoot in the UK, according to Ms Isabel Davis, Senior Executive, International ...

PETROLEUM: Kerala opposes declared goods status to ATF
Thiruvananthapuram, Dec. 1 The Kerala Government is not in favour of the move by the Union Finance Ministry to accord declared goods status to aviation turbine ...

TERRORISM: Meet reviews airport security
New Delhi, Dec 1 The security arrangements at various airports in the country were reviewed on Monday at a high-level meeting held by the Civil Aviation Secretary, Mr ...

EDUCATION: Dr Sunil Unny Guptan, Touching Lives Consultancy; Malla Reddy Institute of Technology and Science, Dulapally
Hyderabad, Dec. 1 Why do all the Kamat hotels in India, whether they are in south, north, west or east, offer food with similar taste? Similarly, railway stations in India smell, look the same and offer almost the same ...

SSI: Fillip to SSIs in Vizag
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