The Hindu Business Line : Friday, July 10, 2009

INDUSTRY & ECONOMY

EXPORTS & IMPORTS: India takes a step forward on N-reactor export front
Preliminary talks in Kazakhstan concluded. New Delhi, July 9 Preliminary discussions on the possibility of setting up a nuclear power reactor in Kazakhstan based on India’s Pressurised Heavy Water Reactor (PHWR) design have been wrapped ...

ECONOMY: Borrowing gamble
If one has to borrow Rs 45 in order to pay a bill of Rs 100, one must be seriously worried about the state of one’s finances. That is the predicament of the Government of India. With a projected borrowing of Rs 4,51,000 crore and a ...

EDUCATION: Australia is safe for Indian students, says delegation
Hyderabad, July 9 A high-powered delegation from Australia, including a senior police officer from Victoria, on Thursday sought to assure Indians that it is safe to pursue higher studies Down ...

INCOME TAX: Govt makes quoting of PAN beneficial for deductees
Non-furnishing of PAN to attract 20% on tax deducted at source. The Finance Ministry has come up with an innovative proposal to expand the use of permanent account numbers (PAN) and, thereby, widen the tax base in the ...

CEMENT: Cement cos bet on infrastructure spend to drive demand
Mumbai, July 9 Cement companies may not have got any direct benefits from the Budget but are still content that incentives offered in the stimulus package during the slowdown have not been ...

PSU: Complete capital erosion in 72 PSUs: CAG
Accumulated losses of these cos at Rs 94,428.27 cr. New Delhi, July 9 Even as the Government has been in a denial mode on disinvestment of public sector undertakings (PSUs) since July 2005 and is proceeding on this in a halting manner, a report ...

BUDGET: ‘Budget focus is more on inclusive growth’
Mumbai, July 9 The Budget focuses on more inclusive growth though at the cost of fiscal consolidation, according to Mr Neeraj Swaroop, Regional Chief Executive, India & South Asia, Standard Chartered ...

BUDGET: Media bids adieu to FBT
New Delhi/Mumbai, July 9 The media industry has welcomed the removal of the fringe benefit ...

EDUCATION: Toonz inks pact with TN varsity
Anna University-Coimbatore to recognise Toonz courses. Toonz Academy, the animation training company of the Toonz Group, and Anna University-Coimbatore have signed an agreement to work together on a number of ...

BUDGET: Market correction offers investment chance: Analysts
Kolkata, July 9 The Budget may have fallen short of expectations of the mutual fund investors but a correction in the equity market may stimulate inflows from retail investors, said ...

INDUSTRY ASSOCIATIONS: Training programme for industry assns
Chennai, July 9 The Confederation of Indian Industry (CII), along with the Consolidated Project for SME Development of the United Nations Industrial Development Organisation (UNIDO), on Thursday commenced a six-day training programme ...

NON-CONVENTIONAL ENERGY: Bio-diesel unlikely to make headway despite Budget sops
Mumbai, July 9 The Budget has had some sops for bio-diesel in terms of complete excise duty exemption for petro-diesel, which is blended with bio-diesel and a slash in Customs duty from 7.5 per cent to 2.5 per cent on ...

EDUCATION: JNTU in tie-up with IACG to offer multimedia courses
Jawaharlal Nehru Technological University (JNTU) and International Academy of Computer Graphics (IACG) signed a memorandum of understanding for offering courses ...

BUDGET: Little to cheer about for pharma, chemical sectors
It is quite a disappointing Budget for the pharmaceuticals and chemicals industries as we expected the Government to provide stimulus to industry and ensure its healthy growth. On the contrary, with no real sops to talk about, the Budget ...

TOURISM: Goa’s tourism sector seeks Govt help to revive its earlier promotion campaign
Concerned over the growing and effective promotion by Goa’s new competitors in the South-East Asia in European markets, considered its major traditional markets, Goa’s tourism industry has petitioned the State Tourism to help ...

BUDGET: Proposals signal continuation of fiscal stimulus
On the positive side, the initiatives on the personal tax front such as the abolition of income-tax surcharge will increase disposable income in the hands of taxpayers. The Budget has maintained its focus on building infrastructure, ...

BUDGET: Huge disappointment for salaried class
The Budget is welcome but does not measure up to the expectations of the ordinary tax-payer. The enhancement of the basic exemption limit by Rs 15,000 to senior citizens and by Rs 10,000 to others will be welcomed by all. However, the ...

CLIMATE & WEATHER: High expectations
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PETROLEUM: Oil PSUs to invest Rs 57,475 cr
New Delhi, July 9 Public sector oil companies are expected to invest Rs 57,475.74 crore during the ...

TOURISM: Marginal increase in tourist arrivals
New Delhi, July 9 There has been a marginal increase in the number of foreign tourist arrivals to India in June as compared to the same period in the ...

GENDER: Mandatory to have one woman in selection panel: Govt
New Delhi, July 9 The Department of Personnel Training (DoPT), Ministry of Personnel, Public Grievances and Pensions, has said that it is mandatory to have at least one woman member in the selection committees or boards where recruitments ...

BUDGET: Extension of tax holiday will benefit SMEs
The Union Budget delivers on quite a few of the expectations of the IT industry. We are particularly pleased with the one-year extension granted to the tax holiday scheme as it would greatly benefit SMEs, especially given the tough ...

EVENTS: Pearl and Gem Fair begins in Hyderabad
With South India accounting for nearly 40 per cent of the country’s gold jewellery trade, traders see more opportunities to expand their presence in the ...

EVENTS: Talk on Union Budget in Mangalore
Mr Feroz B. Andhyarujina, Senior Counsel, Mumbai High Court, and an eminent authority on Tax Laws from Mumbai, will deliver a lecture on Union Budget in Mangalore on July ...

INDUSTRY ASSOCIATIONS: CII relief work in Aila-hit areas
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INDUSTRY ASSOCIATIONS: Training sessions for travel agents
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EVENTS: Seminar on Union Budget
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