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Wednesday, July 08, 2009
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GOVERNMENT

POLICY: Maytas-led consortium loses Hyderabad metro deal
AP says co failed to meet contractual obligations in time. Hyderabad, July 7 The Andhra Pradesh Government today cancelled the Rs 12,132-crore Hyderabad metro rail project contract awarded to the Maytas Infra-led consortium for failing to meet ...

POLICY: TN to make guideline value of land statutory
Registration of power of attorney instruments to be made compulsory. Chennai, July 7 The Tamil Nadu Government plans to give statutory backing to the guideline value as fixed by the Registration ...

STATES: Higher State grants to offset fall in tax transfers
Bangalore, July 7 The slowdown has hit statutory transfer of tax revenues to States, but grants and loans to the States are slated to offset this fall. The increase in funds transfer under grants is primarily for non-Plan purposes. Unlike ...

SECURITY: Funds allocation for Defence sector up 34%
New Delhi, July 7 The Union Budget 2009-10 has proposed a more than 34 per cent increase in the allocation of funds for the Defence ...

POLICY: Karnataka Cabinet okays new biotech policy
Bangalore, July 7 The Karnataka Cabinet on Monday approved the revised biotechnology policy that includes a Rs 100-crore fund for manufacturing companies and Rs 50-crore corpus ...

POLICY: Desalination proposal gets nod
Chennai: The Tamil Nadu Government has accorded administrative sanction for the Rs 914-crore desalination plant at Nemmeli to the south ...

E-GOVERNANCE: Seminar on e-governance
Public sector undertakings in the State should finalise their IT strategies and implementation plans at the earliest, said the State Industry Minister, Mr Elamaram Kareem. Speaking at a seminar on ‘Electronic governance approaches ...






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Markets (July 07)
Nifty (at close)4,202.15 (+36.45)
US Dollar (Buy/Sell)48.44/45
Brent crude (a bbl) Rs3,063
Gold (a gram) Rs1,353
Silver (a kg) Rs22,765


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