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Thursday, November 05, 2009
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INDUSTRY & ECONOMY

EXCISE AND CUSTOMS: 24% fall in indirect tax revenues worries Govt
Effect of lower imports and sharp fall in excise collections. New Delhi, Nov. 4 With revenues from indirect taxes recording a 24 per cent decline in the first-half of the current fiscal, the Centre is now betting on economic growth in the ...

EMPLOYMENT: Unfinished job
There is something rather strange about the National Rural Employment Guarantee Scheme (NREGS). By the Union Labour Ministry’s own admission, it generates employment of fewer than 40 days per household, much less than the legal entitlement ...

PSU: State Govt shuts down Karnataka Agro Corn
PSU was supplying energy food to anganwadis in the State. Chitradurga, Nov. 4 The Karnataka Government has ordered the closure of the nearly four-decade-old Karnataka Agro Corn Products Ltd Company, which supplies energy food to Anganwadi ...

COURTS/LEGAL ISSUES: Legal fraternity divided over Mr Justice Raveendran’s move
New Delhi, Nov. 4 The decision of Supreme Court judge Mr Justice R.V. Raveendran to withdraw from hearing the Ambani brothers’ gas row on moral grounds on Wednesday sparked off a similar ...

EXPORTS & IMPORTS: Sharma sees positive export growth in last quarter
Ministry to conduct survey to judge effectiveness of export sops. New Delhi, Nov 4 Even as the country’s export growth has been declining for the twelfth month in a row till September, the Government is confident of seeing a turnaround in ...

PAINTS: Growing paints
Paint companies turned up the pitch during the festival season and reaped rich rewards.. It has been a happy Diwali for most businesses, thanks to increased consumer demand. The same holds true for paints and emulsion paints manufacturers who ...

EVENTS: Tata Steel to run Corus facilities at full capacity by year-end
Demand in Europe picking up, says company. New Delhi, Nov.4 Tata Steel is set to ramp up the capacity use of its European operations under Corus to 100 per cent by the end of this fiscal. This was stated by the Tata Steel Vice-Chairman, Mr B. ...

COURTS/LEGAL ISSUES: State Govt has powers to recover workmen’s dues from employers: Court
The Tamil Nadu Government could grant a certificate under Section 33©(2) of the Industrial Disputes Act to a workman for amounts due from his employer, enabling the authorities to recover the said amount from the employer as arrears of ...

PETROLEUM: Fuel consumption up marginally in Sept
Domestic fuel consumption saw a marginal growth of 0.8 per cent in September, the lowest since May. This was mainly due to lower demand for naphtha. According to the Petroleum Planning and Analysis Cell (PPAC), oil product sales were 10.697 ...

FOREIGN TRADE: Indo-Swedish eco, defence pacts
India and Sweden are likely to exchange of understanding (MoUs) on environment cooperation and defence on Thursday, the Swedish Ambassador to India, Mr Lars-Olof Lindgren, has said. The Swedish Prime Minister, Mr Fredrik Reinfeldt, and the ...

EVENTS: 2-day international IEEE conference
Tamilnadu College of Engineering has joined hands with the Institute of Electrical and Electronics Engineers (IEEE) to conduct the two-day international IEEE Conference in December 2010. The college would be organising the 2010 IEEE ...

HEALTH: AP revamping Health Works Dept
The Andhra Pradesh Government is working on a comprehensive human resources policy to revamp the way the Department of Health Works. Mr K. Rosaiah, Chief Minister, said the revamp was necessitated to effectively tackle the spread of diseases such ...

EVENTS: Tackling terror
The Prime Minister, Dr Manmohan Singh, flanked by the Minister of Tribal Affairs, Mr Kanti Lal Bhuria (left), and the Minister of State (Independent Charge) for Environment and Forests, Mr Jairam Ramesh, at the Conference of Chief Ministers ...

ECONOMY: IT sector is a major contributor to quality of life in Kerala: Study
The information technology sector has contributed to the quality of life across all sections of society in Kerala with its huge employment potential for the educated ...

EDUCATION: Dell to connect classrooms digitally
In talks with schools, universities. Pune, Nov.4 Technology and services provider Dell India is set to launch a service to digitally connect classrooms across the country and enable the use of technology to deliver quality ...

CONSUMER ELECTRONICS: Consumer durables: Sales growth accelerates
Even as most of India Inc has struggled to match its sales growth of last year, consumer durable makers have managed to do ...

STANDARDS & BENCHMARKS: Underwriters Lab to test new markets with TTC buy
Bangalore, Nov. 4 India’s growth story has enabled Underwriters Laboratories chart a 40 per cent growth in its product safety and certification business that has seen new portfolios such as water, renewable energy and now plastics ...

PETROLEUM: Cairn inks pact with RIL for crude supply
New Delhi, Nov. 4 Cairn India has reached initial agreement for crude supplies from the Mangala field in Barmer, Rajasthan, to private sector refiner Reliance Industries Ltd (RIL). Official sources told Business Line ...

PETROLEUM: ONGC close to resolving logistics block on Tripura project
Kolkata, Nov. 4 ONGC is close to resolving the transportation problem that has been delaying the implementation of the 726.6-mw gas-based power plant in ...

AUTOMOBILE COMPONENTS: Gurgaon-Manesar auto belt heading towards labour unrest again
New Delhi, Nov. 4 The Gurgaon-Manesar auto belt may be heading for another bout of unrest as labour unions threaten to strike work across the belt on Friday. The unions have called the strike due to a deadlock in the negotiations at ...

POWER: Power PSUs join hands for energy efficiency services
New Delhi, Nov. 4 The Power Minister, Mr Sushil Kumar Shinde, said on Wednesday that state-owned power utilities NTPC Ltd, Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and Power Grid Corporation of India Ltd ...

TEXTILES: Texas Tech varsity to host textile meet next month
Coimbatore, Nov. 4 The Institute of Environmental and Human Health (TIEHH) at Texas Tech University is planning to host the 6th annual international conference on Advances in Textiles, Machinery, Non-wovens and Technical Textiles, (ATNT) 2009 ...

EVENTS: Financial sector reforms must continue, says Montek
The country should continue with the financial sectors reforms, the Deputy Chairman, Planning Commission, Mr Montek Singh Ahluwalia, said ...

PETROLEUM: Domestic crude oil output likely to go up 11%
New Delhi, Nov. 4 The domestic crude oil production is likely to increase by 11 per cent this fiscal to touch 36.708 million tonne and natural gas output should be higher by 52.8 per cent than the previous ...

ENVIRONMENT: Campaign on UN climate change meet
Kolkata, Nov.4 Several programmes are being organised here to focus on the upcoming United Nations Conference on Climate Change in ...

NON-CONVENTIONAL ENERGY: BSES signs pact to buy power from waste plant
New Delhi, Nov. 4 BSES Yamuna Power Ltd (BYPL), one of the three power distribution companies operating in the Capital, has signed a 25-year power purchase agreement with East Delhi Waste Processing Company Ltd (EDWPCL) to buy electricity ...

MEDICAL & SURGICAL EQUIPMENTS: Stem cell banking launched
CordLife, having a network of stem cell banks in the Asia Pacific region, announced here on Wednesday the launch of “the most advanced umbilical cord stem cell banking in India,” according a company ...

EVENTS: Workshop on leadership skills
A one-day Workshop on “Developing Leadership Skills for Professional & Personal Effectiveness” organised by the FICCI Ladies Organisations, in association with Hanns Seidel Foundation and Indian Chamber of Commerce and Industry, ...

EVENTS: Rajagiri management fest
...

ECONOMY: On the edge
...

EVENTS: Eyeing education
...

EDUCATION: Fashion designing courses
The Institute of Handloom and Textile Technology is launching three-month courses on computer-aided fashion designing, and creativity in fashion designing and garment making at its Balaramapuram centre near here. Those who have passed SSLC and ...


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




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Markets (Nov 04)
Nifty (at close)4,710.80 (+146.90)
US Dollar (Buy/Sell)47.05/06
Brent crude (a bbl) Rs3,642
Gold (a gram) Rs1,559
Silver (a kg) Rs28,435


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