The Hindu Business Line : Tuesday, March 25, 2008

ECONOMY
Revenue picture unlikely to be distorted, says pay panel
New Delhi, March 24 The recommended salary increases by the Sixth Pay Commission are not likely to distort the Government’s revenue expenditure patterns. The Commission in its report has said expenditure on pay and allowances and ... More

FOREIGN TRADE
Nigeria welcomes investments in energy sector
Foreign investments in oil, gas and power sectors in Nigeria will be given preferential support by the Government of Nigeria to ensure better return on investments, according to Mr Engr. Mustafa Bello, Chief Executive Officer, Nigeria ... More

India, New Zealand for increasing farm ties
Plan for establishing ‘umbrella’ agreement envisaged More

INFRASTRUCTURE
Hyderabad airport: User development fee should ‘not exceed Rs 1,000’
New Delhi, March 24 The Ministry of Civil Aviation has asked the developers of the greenfield airport at Hyderabad to ensure that the user development fee (UDF) being levied on international passengers does not exceed Rs 1,000.A senior ... More

PETROLEUM
Shell India seeks regulator’s help for level playing field in pricing
Firm ‘bleeding’ from high costs; oil PSUs want time till mid-April More

POWER
Govt committed to harnessing N-energy: PM
New Delhi, March 24 The Prime Minister, Dr Manmohan Singh, said here on Monday that the Centre was committed to harnessing nuclear energy as part of a multi-pronged strategy towards diversifying the country’s energy base to address ... More

Pay tariff subsidy, power regulator tells TN
Rs 1,567 cr compensation to TNEB for free supply More

TAXATION
HC rejects Sterlite’s plea challenging reopening of IT assessment for 2000-01
Chennai, March 24 The Madras High Court has rejected the plea of Tuticorin-based Sterlite Industries (India) Ltd that the order of Deputy Commissioner of Income-tax, Company Circle VI(4), Chennai, to reopen assessment for year 2000-01 be set ... More

TEXTILES
Brace up for currency challenges, textile industry told
Madurai, March 24 Exploration of an alternative currency for dollar could help the textile industry to meet the crisis on the foreign exchange front, Mr M.B.N. Rao, Chairman and Managing Director, Canara Bank, has said.He was ... More

COAL
Coal India to roll out forward auction on March 28
May have substantial impact on underground operations More

EDUCATION
‘India’s current financial success may be hiding its true potential’
Delivering the keynote address at the tenth Annual Convocation ceremony of the Indian Institute of Management Kozhikode, the noted management guru, Dr C.K. Prahalad, said: “India’s current financial success may be hiding its true ... More

Indo-Italian institute for maths, IT research on the cards
An Indo-Italian Research Institute in the field of mathematics and information sciences will be established in Hyderabad. An agreement to this effect was signed here today. To be called the International Institute of Applicable ... More

Indo-Italian institute for maths, IT research soon
An Indo-Italian Research Institute in the field of mathematics and information sciences will be established in Hyderabad. An agreement to this effect was signed here today. To be called the International Institute of Applicable ... More

INDUSTRY ASSOCIATIONS
CII, Italian trade body to promote luxury market
The Confederation of Indian Industry (CII) and the Italian trade body Altagamma are entering into a strategic partnership to encourage, promote and facilitate cooperation in the high-end luxury market in India and Italy.Altagamma, the ... More

SCIENCE & TECHNOLOGY
Technopreneur scheme to get Rs 60-cr boost
Number of outreach centres may go up to 30 More

RURAL DEVELOPMENT
‘Create agri infrastructure for sustaining rural jobs’
Coimbatore, March 24 Even as the Tamil Nadu budget has offered to reduce the farm loan rate, it has not made any concrete proposal to improve the agriculture production on a long term basis, which is important to sustain rural employment, Mr ... More

Rotary project sets up 3 clinics
Kochi, March 24 The Rotary Club of Cochin Downtown in association with Rotary Clubs of Scarburrough and Karlgoorlie of Western Australia conceived and implemented ‘Rotary Snehagramam’, a project for the economically backward people ... More

REGULATORY BODIES & RULINGS
Regulatory careers may become enriching
More

EVENTS
‘Strong rupee helps companies import better technology’
Hyderabad, March 24 The appreciation of the rupee against the dollar might have had an impact on the exports but has helped companies import better technology at a cheaper cost, experts said. “This in turn has helped them get a ... More

TOURISM
Responsible tourism: Meet says more needs to be done
Lays stress on the need to cut carbon pollution More