The Hindu Business Line : Saturday, December 06, 2008

INDUSTRY & ECONOMY

PETROLEUM: Govt cuts petrol price by Rs 5, diesel by Rs 2
LPG and kerosene left untouched. Call it a Christmas gift or ushering in a feel-good factor, the Government on Friday announced a cut in auto fuel ...

FOREIGN TRADE: Pact signed for supply of Russian copters worth Rs 2,400 cr
New Delhi, Dec. 5 India is to receive 80 MI-17V-5 helicopters from the Russian Federation. An agreement for the supply of the helicopters, which industry expects to be a contract of around Rs 2,400 crore, was signed during the on-going visit ...

ECONOMY: Personal income-tax collections down 31% in November
Corporate tax collections too see a 41% slide. New Delhi, Dec. 5 The Centre’s personal income-tax collections were pegged at Rs 5,782 crore in November 2008, reflecting a 31.28 per cent decline over the collections of Rs 8,414 crore ...

AUTOMOBILES: Vendors hope to ride out the global auto crash
‘No cancellations of contracts; discretionary budget may see cuts’. Bangalore, Dec. 5 Notwithstanding the impending collapse of North American auto firms such as General Motors, Ford Motors and Chrysler, the Indian IT firms are ...

OUTSOURCING: Will Indian auto parts cos break into Japanese clubs?
Chennai, Dec. 5 The Japanese auto industry has begun exploring possibilities of sourcing components from ...

ECONOMY: ‘Southern districts poised for growth’
Well positioned in terms of human development index, literacy level. Madurai, Dec. 5 Tamil Nadu’s southern districts have the resilience and strength to latch on to a rewarding process of industrial development when the next big upsurge ...

TERRORISM: Tighten security at private ports: Shipping Board chief
Visakhapatnam, Dec. 5 The terrorist attacks in Mumbai have exposed the vulnerability of Indian coasts and the east coast is as susceptible as the west and, therefore, suitable steps have to be taken up immediately, according to Capt. P.V.K ...

ECONOMY: 17% of AP liabilities in 2007-08 without back-up, says CAG
Development expenditure constitutes 69% of total spending. Hyderabad, Dec. 5 During 2007-08, the assets of Andhra Pradesh Government went up by Rs 19,109 crore and liabilities grew by Rs 12,392 crore and 17 per cent of these liabilities have ...

EXPORTS & IMPORTS: Exporters may get back benefits available earlier
Stimulus for exporters to hold on to existing markets. The big export relief measures for which the besieged exporters are looking forward to on Saturday would largely comprise restoration of benefits already bestowed on exporters that were ...

TAXATION: New toll rules to be added to highway projects
Proportional linkage between cost of construction and toll rate. New Delhi, Dec. 5 Hoping to attract bidders for the ongoing lot of 53 road projects, the National Highways Authority of India (NHAI) will introduce the new toll policy in the ...

TOURISM: Govt urged to focus on individual tourism destinations
International Travel Mart inaugurated in Hyderabad. Hyderabad, Dec. 5 The travel and tourism sector has seen cancellations between 25 per cent and 30 per cent, after the recent Mumbai attacks, according to Mr Rohit Hangal, Director, India ...

RADIO/TV: Tax signals from a transponder case
Despite television becoming one of the main mediums for communication and entertainment, India is still largely dependant on foreign satellites and space technology for telecast services. It depends on transponders which are nothing ...

TERRORISM: Mumbai attacks: Chidambaram assures speedy settlement of insurance claims
Admits to lapses in security system; confirms plans for national investigation agency. Mumbai, Dec 5 The Union Home Minister, Mr P. Chidambaram, said on Friday that the Government will ensure settlement of insurance claims related to the victims ...

CARS: Toyota’s Corolla Altis, Innova to cost more
Rising input costs, falling rupee. Mumbai, Dec. 5 Toyota Kirloskar Motor (TKM) plans to hike the on-road prices of Corolla Altis and Innova by Rs 20,000 to Rs 30,000 next month. This translates into a nearly 3 per ...

COAL: Coal India suggests minor relocation of Durgapur Aerotropolis project
Existing location has good quality low-ash coal reserves. Kolkata, Dec. 5 Coal India Ltd has proposed minor relocation of the proposed $2.5-billion Durgapur Aerotropolis project by 15 km south from its existing location to ensure extraction of ...

EXPORTS & IMPORTS: Oilmeal exports zoom on weaker rupee
Realisation up 412% despite fall in prices. Mumbai, Dec. 5 Despite fall in price, oilmeal exports realisation zoomed 412 per cent to Rs 881 crore in November against Rs 172 crore registered in October, according to Solvent Extractors’ ...

AUTOMOBILES: Fuel price cut will not help auto cos
The auto sector would have typically been jubilant about the news on cheaper petrol and diesel but the mood is still sombre. “The need of the hour for any customer is access to finance. How will a fuel price cut help when people are finding ...

TAXATION: Vodafone, Hutchison Tele transfer relates to assets in India, says HC
The subject matter of transfer as contracted between Vodafone International and Hutchison Telecom International is not actually the shares of a Cayman Islands company but the assets situated in India, a Division Bench of the Bombay High ...

TERRORISM: Kandla port looks to beef up security level
Meet with experts on Dec 20 to review measures. Ahmedabad, Dec. 5 In order to ward off any possible terror attack, Kandla port, one of the most important Indian ports, has increased its security level to ‘two’. It is taking expert ...

RADIO/TV: Arasu Cable to invest Rs 400 cr
Chennai, Dec. 5 The recently-formed Tamil Nadu Government undertaking, Arasu Cable TV Corporation Ltd, expects to invest Rs 400 crore in starting operations in the ...

NON-CONVENTIONAL ENERGY: ‘Replacing old wind turbines in TN will help raise output’
Chennai, Dec. 5 Replacing old, smaller capacity wind turbines in Tamil Nadu with modern, higher capacity ones will result in the electricity generation from the same area going up by as much as ...

POWER: NTPC-Nuclear Power Corpn venture to be in place by Jan
New Delhi, Dec. 5 Power major National Thermal Power Corporation’s (NTPC) plan to get into the nuclear generation business, through a joint venture with State-owned atomic energy monopoly Nuclear Power Corporation of India Ltd (NPCIL), ...

EDUCATION: Anna University automates examination management system
Coimbatore, Dec. 5 Anna University, Coimbatore, has taken the lead in automating Examination Management System ...

SCIENCE & TECHNOLOGY: Space ties
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TOURISM: Pooram for visitors
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PETROLEUM: Tanking up
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PETROLEUM: Indian Oil commissions first LPG pipeline
New Delhi, Dec. 5 Indian Oil Corporation Ltd. (Indian Oil) has completed the commissioning of its first cross-country liquefied petroleum gas (LPG) pipeline in North India, between Panipat and ...

COURTS/LEGAL ISSUES: HC seeks health report of Todi
A Division Bench of the Calcutta High Court, comprising Mr Justice Amit Talukdar and Mr Justice P.S. Banerjee, on Friday directed the Superintendent of Presidency Jail to file a report about the health condition of Asok Todi, the prime accused ...