The Hindu Business Line : Tuesday, June 16, 2009

INDUSTRY & ECONOMY

COURTS/LEGAL ISSUES: Court directs Reliance to sell gas to RNRL at $2.34
Govt approved price is $4.2; order settles issues of quantum, tenure also. Mumbai, June 15 The Bombay High Court has asked Reliance Industries to supply 28 mmscmd (million metric standard cubic metres per day) of gas from its Krishna-Godavari ...

EVENTS: Pranab to present Budget on July 6
The Union Cabinet on Monday decided to recommend to the President, Ms Pratibha Patil, that the Budget session of Parliament be convened from July 2. The Budget session is expected to end on August 7. Accordingly, the Finance Minister, ...

INFRASTRUCTURE: Sops for lending
As Budget time approaches, various stakeholders, hurt by economic cycles, urge tax concessions of one kind or another. Since September, when the current crisis first hit Indian shores, pleas for such tax relief have been aired by exporters ...

EXPORTS & IMPORTS: Vegoil imports rise to 3-month high in May
Shipments into the country more than double. Chennai, June 15 The deluge of vegetable oil imports continued in May, with shipments into the country more than doubling compared with the same period a year ago. Imports were also at a three-month ...

PETROLEUM: Deora seeks tax holiday for natural gas production
The Petroleum Minister, Mr Murli Doera, during his pre-Budget meeting with the Finance Minister, Mr Pranab Mukherjee, sought a seven-year income-tax holiday on natural gas production similar to the one currently being provided for crude ...

ECONOMY: States may end up with fiscal deficit cap of 4%
Karnataka may get additional 1% of its GSDP, explain officials. State governments expect their fiscal deficit cap, along with that of the Centre, to go up to 4 per cent of their gross state domestic product ...

MEDICAL INSTITUTIONS & HOSPITALS: TCS solution for hospitals
Tata Consultancy Services has launched a business intelligence (BI) solution built on SAP® BusinessObjects™ software for hospitals and other healthcare providers. TCS’ Provider Performance Insight takes three to five months ...

ENVIRONMENT: Plan for ‘green forest’ in Sikkim
Gangtok, June 15 The Sikkim Chief Minister, Mr Pawan Chamling, has directed the State Forest Department to restore all the lost native tree species to have a 100 per cent ‘Green Forest’ in Sikkim on the lines the world ...

STEEL: SAIL gets new Director of Projects
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EVENTS: ‘Make work environment more inclusive for both sexes’
Ahmedabad, June 15 Paternity leave of 15 days should be made mandatory at all corporate houses, both public and private, according to the panelists at the Gender Resource Centre of the Indian Institute of ...

CARS: Rise in car sales augurs well for Kotak Mahindra Prime
Co to raise Rs 3,000 crore. Mumbai, June 15 Kotak Mahindra Prime Ltd (KMPL) is banking on improving car sales and a slew of new car launches to grow its topline by around 30 per cent in FY10 after adverse market conditions impacted business in ...

INCOME TAX: HC allows petition seeking waiver of interest on tax dues by minor
Chennai, June 15 The Madras High Court has set aside an order of Chief Commissioner of Income-Tax, Coimbatore, levying interest under Sections 234A, 234B and 234C of the Income-Tax Act for assessment years 1991-92 and ...

SOCIAL SECURITY: Food security law on the anvil to identify beneficiaries: Minister
The food security law being formulated within the next 100 days would clearly define above-poverty and below-poverty line categories, according to Prof K.V. Thomas, Union Minister of State for Agriculture and Food and Public ...

INDUSTRY ASSOCIATIONS: CII North supports foreign direct investment in retail
India badly needs private investment in retail. These investments are needed from both Indian and foreign sources, but should initially be restricted to the wholesale segment, said the Confederation of Indian Industry (CII) Northern ...

HEALTH: Swine flu cases in India spike to 30
Baxter in talks with Govt to bring in its vaccine. Mumbai, June 15 As companies speed up efforts to get a swine flu vaccine into the market, healthcare company Baxter International Inc expects to have its vaccine available globally by ...

TEXTILES: Maran to visit textile clusters in Palladam, Coimbatore
Coimbatore, June 15 The Union Minister for Textiles, Mr Dayanidhi Maran, is scheduled to visit the textile clusters at Palladam and Coimbatore on Tuesday to inaugurate the 126-room hostel block at the Palladam Hi-Tech Weaving Park (PHWP) ...

TAXATION: Centre unlikely to lower CST ceiling for now
The Centre is unlikely to bring down the ceiling rate on the central sales tax (CST) from the existing two per cent to one per cent, it is reliably ...

HEALTH: Vigil stepped up to prevent spread of flu
With the weathermen forecasting good monsoon this time, doctors monitoring the spread of H1N1 influenza virus worry that more measures are needed to check ...

EVENTS: Getting ready
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FOREIGN TRADE: Anand Sharma will lead team to US-India business meet
New Delhi, June 15 The Commerce Minister, Mr Anand Sharma, will attend the US-India Business Council (USIBC) meeting in Washington on June 17 accompanied by the representatives from trade and industry and ...

TOURISM: Central funding for AP Tourism projects
Hyderabad, June 15 The Andhra Pradesh Tourism Development Corporation (APTDC) has lined up a series of tourism projects to be taken up with the Central Government’s financial ...

EDUCATION: IIIT-A inks pact with Mangalore engg college
Mangalore, June 15 The Mangalore-based Sahyadri College of Engineering and Management (a unit of Bhandary Foundation, Mangalore) has signed an agreement with the Indian Institute of Information Technology Allahabad (IIIT-A) for ...

INTERVIEW: ‘Long-term fiscal strategy statement will help businesses plan operations for 3-4 years’
It’s an idea whose time may have come. Whether it gets a new direct tax code or not, Corporate India certainly wants stability in tax policy, especially on the direct tax front. The need of the hour is a statement that ...

EVENTS: Exploring avenues
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EVENTS: Managerial workshops
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