The Hindu Business Line : Tuesday, February 27, 2007

BUDGET
Commodity exchanges bracing for Budget
Commodity exchanges are hopeful that the Union Budget will not have any measures that will affect them adversely. However, they are bracing themselves for any Central move that could tell on their functioning. "We don't think that the Centre ... More

Call for 100% relaxation of floor space index
With the Union Budget round the corner, the measures the retail industry would like the Finance Minister, Mr P. Chidambaram, to consider to support the growth in the sector include relaxation of floor space index (FSI) by 100 per cent, levy of ... More

ECONOMY
In Budget-making, inflation is best ignored
Perhaps, the best thing for the Finance Minister to do is relax and concentrate on carrying forward the growth momentum than to think too much about the inflation numbers and seeking to provide intermediate solutions to contain it. More

A move to tackle inflation
Private players key to attain container traffic target More

Karnataka Plan outlay fixed at Rs 17,782 cr
Call to focus on urban infrastructure development More

Chidambaram hails Rly budget

EXCISE AND CUSTOMS
Rs 38 cr allotted to CBEC for improving infrastructure
The Finance Minister, Mr P. Chidambaram, has sanctioned Rs 38.48 crore to the Central Board of Excise and Customs (CBEC) for improving its infrastructure and functional efficiency. This is being given as an incentive for the CBEC's revenue ... More

FOREIGN TRADE
Australia keen on bilateral trade ties
Trade in energy resources likely to dominate upcoming discussions with Govt More

INFRASTRUCTURE
Site sought for jute park in Vizag dist
The park can house 10 large-scale JDP units, 20 medium units and 60 small and tiny ones. It will require roughly 150 acres of land. More

PETROLEUM
Freight cut on petro products unlikely to impact prices
Move unlikely to translate into any significant price cut More

POWER
NTPC bids for Globeleq's Egypt power plant
NTPC Ltd on Monday said it is submitting a bid to buy a 685.2-MW power project owned by British power investment firm Globeleq in Egypt. NTPC said it is submitting a non-binding bid to buy the Sidi Krir power project in Egypt through 100 per cent ... More

CIGARETTES
Smuggled cigarettes hit local sales
Contraband trade in cigarettes is becoming an increasing cause of concern for the Government, with an estimated revenue loss of Rs 2,000 crore annually. It also negatively impacts the domestic cigarette industry, affecting a ... More

RADIO/TV
Star TV's soap icons, a recipe for merchandise rollout
The audience may not have seen Tulsi and Parvati in their kitchens very often, but if the screenplay of Star TV's popular soaps have not given them the opportunity, the network's Licensing and Merchandising division may get the actresses to share ... More

EDUCATION
`Melange-07' at Loyola Academy
About 350 students from 34 management schools in the State are taking part in `Melange-07', an event organised by the Department of Business Management of Loyola Academy. Mr Arup Datta, Vice-President, HR, GE Money, inaugurated the two-day ... More

`Marketers must be in tune with technology changes'
In today's hyper competitive scenario, marketers must think beyond the 4Ps of marketing and bring the customer to the foreground, said Mr L.H. Bhatia, former Marketing Director, BPL. Addressing management students at the KLE Society's ... More

MEDICAL INSTITUTIONS & HOSPITALS
Seth Ramdas hospital to begin Pune operations in March
Surgical speciality hospital, Seth Ramdas Shah Memorial Hospital & Research Center — A Richard Wolf Center of Excellence for Minimal Invasive Surgery Training and Research — will begin operations in Pune from March. Mr Vikram ... More

MINERALS
`Iron ore freight cut may not lower steel prices'
The reduction in iron ore freight rates by 6 per cent in the Railway Budget is unlikely to have any immediate impact on steel prices. Steel makers are not likely to lower steel prices in the wake of the reduction in freight, as they feel that ... More

Freight rate on minerals, ores cut by 6%
The Railway Budget for 2007-08 has reduced the freight rate on all minerals including iron ore, limestone and dolomite by around six per cent. This has been done through reclassification of these materials from their existing classification of ... More

RURAL DEVELOPMENT
Nabard funds for more tribal projects
The National Bank for Agriculture and Rural Development (Nabard) has sanctioned six projects with a financial outlay of Rs 13.67 crore under its Tribal Development Fund. It will benefit 4,025 tribal families in Rajasthan, Uttaranchal, Madhya ... More

EVENTS
Hyderabad may get more business incubators
Technology business incubators strengthen collaboration between industry and academia, and turn ideas into viable businesses. More

INCOME TAX
Making it less taxing for all
Union Budgets are an up and down exercise. Certain tax rates are raised and some others lowered. There is often not too much innovation in the exercise. For instance, personal income-tax works on a slab system, with step-up rates. This acts as ... More

EXPORTS & IMPORTS
Marine products export to EU up 34% in value
Overall shipments increase 13% during April-Dec More

International Cars' export target
The Punjab-based Sonalika Group controlled International Cars and Motors Ltd (ICML) has set for itself an ambitious export target of 5,000 Rhino cars valued at about Rs 300 crore during the financial year 2007-08. A statement ... More