The Hindu Business Line : Saturday, May 30, 2009

INDUSTRY & ECONOMY

ECONOMY: Q4 GDP growth brings cheer
New Delhi, May 29 The Indian economy logged a better-than-expected 6.7 per cent growth in 2008-09 despite the global financial meltdown adversely impacting its output in the second-half of the fiscal year under ...

FOREIGN TRADE: More sops proposed to rev up manufacturing, exports
Sharma sees more measures in Budget, foreign trade policy. New Delhi, May 29 The forthcoming Union Budget and the new five-year Foreign Trade Policy (FTP) would propose additional measures to rev up manufacturing and export sectors which have ...

INFRASTRUCTURE: ‘Performance cannot be measured in planning’
New Delhi, May 29 “Performance cannot be measured in planning….It has to be measured in kilometres of roads built on the ground,” said Mr Kamal Nath, Union Minister for Road Transport and Highways, after assuming charge of ...

RADIO/TV: Tax signals crisscross broadcasting
Consider these examples of cascading effect of indirect taxation: A television channel company acquires satellite rights of a blockbuster movie from an Indian company, such rights being in the nature of ‘copyright’, would attract ...

PSU: Rs 240-cr net profit projected for Kerala PSUs this fiscal
Rs 182-cr modernisation plan for 13 units. Public sector enterprises under the Industries Department of the Kerala Government are projected to post a net profit of around Rs 240 crore ...

PETROLEUM: Oil refiners upbeat on free fuel pricing
Signal for private cos, MNCs to open more outlets. Mumbai, May 29 Public sector oil refiners have welcome the prospects of free pricing for petrol and diesel going by what Petroleum Minister, Mr Murli Deora, said in New Delhi ...

INDUSTRY ASSOCIATIONS: Chambers seek policy rate cuts, divestment
New Delhi, May 29 Industry chambers have called for policy rate cuts, a partial monetisation of fiscal deficit, besides a further disinvestment in public sector undertakings in their recommendations to the ...

HEALTH: Steps to improve urban health infrastructure on the cards
Rural health mission will continue to be priority area. New Delhi, May 29 Mr Ghulam Nabi Azad, who took over as the Minister of Health & Family Welfare on Friday, said that he will be initiating a National Urban Health Mission in line with ...

STEEL: Ministerspeak lifts steel stocks
Government to consider additional import tax. Mumbai, May 29 Shares of steel manufacturing companies outperformed the markets on Friday on reports of likely import curbs on ...

INDUSTRY ASSOCIATIONS: CII team calls on S.M. Krishna
Bangalore, May 29 Senior executives and a team of the Confederation of Indian Industry (CII), Karnataka, today called on Mr S.M. Krishna, new the External Affairs Minister, ...

INDUSTRY ASSOCIATIONS: Industry bodies seek clarification on power cut withdrawal
Want two-hour load shedding to be withdrawn. Coimbatore, May 29 Within 48 hours of hailing the Government’s announcement on withdrawal of power cut for the LT and LTCT consumers in the State, the trade and industry bodies here have started ...

STEEL: Fiscal steps to curb cheap steel imports favoured
New Delhi, May 29 The new Minister of Steel, Mr Virbhadra Singh, sympathised with the demand of the steel producers for fiscal measures to curb the threat of cheap steel ...

INDUSTRY ASSOCIATIONS: Poor pesticide use leading to crop loss: Assocham
Plea for policy initiative. Non-judicious use of pesticides by farmers is leading to yearly crop losses exceeding Rs 1 lakh crore. It is also harming 20 per cent of the agrarian land, which have irrigation facilities, in terms of yield and ...

EDUCATION: Foreign university Bill will be taken forward: Kapil Sibal
On assuming office as the Human Resources Development Minister, Mr Kapil Sibal, told the media that he would be taking forward the foreign university Bill which has ...

EDUCATION: Foreign universities come seeking funds for endowments
New Delhi, May 28 Indian and NRI donors, who could have contributed to Indian universities, have donated approximately $120 million to various universities abroad. Indian laws make it difficult for Indian universities to receive ...

REAL ESTATE & CONSTRUCTION: Jaipal Reddy for further concessions to housing sector
The Urban Development Minister, Mr Jaipal Reddy, on Friday said he will approach Prime Minister and Finance Minister for further concessions for the housing sector. The Minister, who retains his old portfolio, also asked the private builders ...

POWER: Kerala seeks review of Electricity Act
The Kerala Government has urged the new government at the Centre for a fresh look at the Electricity ...

URBAN DEVELOPMENT: Upgradation of drainage, sewerage systems in Kolkata may cost Rs 20,000 cr
The work on improving the drainage and sewerage systems in Kolkata may cost around Rs 20,000 crore, though in phases, according to Mr Alapan Bandopadhyay, Commissioner, Kolkata Municipal ...

NON-CONVENTIONAL ENERGY: It’s a challenge: Farooq Abdullah
On Day One of taking over the Ministry for New and Renewable Energy, the former Chief Minister of Jammu and Kashmir and chief of the National Conference, Dr Farooq Abdullah, brushed aside the perception that he was miffed with the choice ...

FOREIGN TRADE: Swedish biz team coming today
New Delhi, May 29 In an attempt to explore partnership opportunities and synergies for waste-to-energy systems, a Swedish business delegation led by Mr Lars-Olof Lingdren will be in the country on ...

BUDGET: Priorities put in manifesto will reflect in Budget: Meena
New Delhi, May 29 After assuming office, the new Minister of State for Finance, Mr Namo Narain Meena said the priorities outlined in the Congress Party manifesto will be reflected in the ...

SOCIAL SECURITY: Social security scheme for construction workers: Kharge
New Delhi, May 29 The Labour and Employment Minister, Mr M. Mallikarjun Kharge, who took charge on Friday, said that his top priority would be to implement a social security scheme for the benefit of construction ...

SSI: PNB to lend more to SMEs
New Delhi, May 29 Punjab National Bank on Friday said it expected to increase disbursements for the small and medium enterprises to about 25 per cent of its overall ...

EDUCATION: Balaji Rao, Asst Vice-President, Karvy Stock Broking Ltd; BNM Institutes of Technology, Bangalore
Bangalore, May 29 Investing in equities is not gambling and people should invest a portion of their earnings in shares, said Mr Balaji Rao, Assistant Vice-president, Karvy Stock Broking Ltd, while delivering a lecture on ‘An overview ...

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

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Markets (May 29)

Nifty (at close)	4,448.95(+111.85)
US Dollar (Buy/Sell)	47.07/08
Brent crude (a bbl) Rs	3,113
Gold (a gram) Rs	1,372
Silver (a kg) Rs	24,865

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