The Hindu Business Line : Wednesday, May 13, 2009

INDUSTRY & ECONOMY

ECONOMY: Industrial output contracts 2.3% in March; poor show by manufacturing
Capital goods output dips 8.2%; industrial growth falls to 2.4% in 2008-09. New Delhi, May 12 Industrial output in March 2009, compared with the same month the previous year, contracted by 2.3 per ...

ANTI-DUMPING: Dumping duty mooted on CV parts from China
Authority finds domestic industry has lost market share. New Delhi, May 11 The Commerce Ministry has recommended imposition of preliminary anti-dumping duty on imported ‘Front axle beam and steering knuckles (also known as axle arm or stub ...

NON-CONVENTIONAL ENERGY: Campco sets up windmill plant at Hoovinahadagali
To meet energy requirements of chocolate factory at Puttur. The Central Arecanut and Cocoa Marketing and Processing Cooperative (Campco) Ltd, which has entered into green energy production through its windmill project, is planning to generate 30 ...

ENTREPRENEURSHIP: $5-m growth fund for entrepreneurs launched
To provide long-term credit at low interest rates. Hyderabad, May 12 About 40-50 entrepreneur-driven ventures at the grassroots level would be financially supported with a $5-million growth fund launched recently by Bharat Yuva Shakthi Trust ...

TAXATION: Large taxpayer unit likely to be set up in Kolkata by December
Kolkata, May 12 In a bid to facilitate tax payments and filing of returns by large tax payers through a single-window system, a large tax payer unit (LTU) is expected to be set up in Kolkata by December, Mr V.K. Goel, Commissioner of ...

PSU: Air India losses pile up to Rs 4,000 cr in 2008-09
Mumbai, May 12 National Aviation Company of India (NACIL), the holding company formed after the merger of Air India and Indian Airlines, has nearly doubled losses for 2008-09 to roughly Rs 4,000 crore from Rs 2,226 crore in the preceding ...

AUDITING: DoT appoints independent auditors to examine 4 telcos’ books
New Delhi, May 12 The Department of Telecommunications has appointed independent auditors to look into the accounts of Bharti Airtel, Idea Cellular, Vodafone Essar and Tata Teleservices to check whether they had paid lower licence fees to ...

HUMAN RESOURCES: More training vital to stay competitive, say employees
At least nine out of 10 Indian employees believe their current skill will be outdated within five years, according to a survey by HR firm ...

TOURISM: Kerala Tourism to get Rs 5.38-cr aid for Ashtamudi Lake circuit
Thiruvananthapuram, May 12 Kerala Tourism will receive financial assistance of Rs 5.38 crore from the Union Tourism Ministry for the development of ‘Ashtamudi Lake Cruise Circuit’ in the State’s Kollam ...

FOREIGN TRADE: Chile wants to widen scope of Partial Trade Agreement with India
Kolkata, May 12 Chile is likely to start negotiations on widening the scope of the Partial Trade Agreement (PTA) in July-August, soon after the installation of the new Government in New Delhi, said Mr Alfonos Silva Navarro, Ambassador of Chile ...

PENSION PLANS: Pension fund biz: Life insurance cos asked to float separate arm
Mumbai, May 12 The Insurance Regulatory and Development Authority of India (IRDA) has asked life insurance companies to float a separate subsidiary to take up the pension fund management business under the new pension ...

WATER: Paying the price
...

HEALTH: Hetero readies drugs for treating ‘swine flu’
Hyderabad, May 12 Hetero Drugs, the lead supplier of ‘Tamiflu’, which is considered the best bet to treat ‘swine flu’, has lined up supply of nine million capsules to the Centre, as part of the national preparedness ...

SCIENCE & TECHNOLOGY: ISRO lines up 3 launches this year
The Indian Space Research Organisation (ISRO) has lined up three launches this year — two will be by PSLV and one by the GSLV, according to its Chairman, Mr G. ...

INDUSTRY ASSOCIATIONS: India Inc seeks lower interest rates, higher credit flow
Industry chambers have expressed concern over the fall in industrial production and waning consumer demand in response to the latest index of industrial production data. They are seeking lower interest rates, increase in lending by the banks ...

ALTERNATIVE MEDICINES: Dhathri opens slimming clinics
The Kochi-based Dhathri Ayurveda Pvt Ltd is offering patients a treatment to make the body healthy and slim through ...

FOREIGN TRADE: New Zealand holds potential for Indian goods: FKCCI
New Zealand with its strong tourism industry and dairy sector prosperity could be a prospective source for India to attract capital, leveraging that country’s expertise in these fields. One of the least affected by the global ...

HEALTH: Cholera outbreak in Hyderabad
Hyderabad, May 12 The Chief Minister, Dr Y.S. Rajasekhara Reddy, has discussed the incidence of cholera in the twin cities and asked the officials to take measures to rein in ...

EDUCATION: Mr M. Settu, CEO, Syndicate Exports Pvt Ltd, Coimbatore, Sri Ramakrishna Institute of Technology
Syndicate Exports CEO asks students to serve the nation’s interests. Merely making money does not define success in business. To be worthwhile, the venture should serve the needs or interests of the country by fair and honest means, said ...

Columnists: • B Venkatesh • C Gopinath • Bhanoji Rao • P.V. Indiresan