The Hindu Business Line : Saturday, March 29, 2008

ECONOMY
Only 2 private firms in top ten advance tax payer list
New Delhi, March 28 Private sector presence in the top ten advance taxpayers’ league has dwindled, going by the latest data compiled for 2007-08 by the revenue department. ICICI Bank, which had a presence in the top ten league up ... More

Govt will weigh lower growth to contain inflation: Chidambaram
Mumbai, March 28 Expressing concern over high rate of inflation, the Union Finance Minister, Mr P. Chidambaram, said here today that the Government will soon decide whether it should sacrifice a bit of growth to contain inflation. Eight per ... More

‘Vibrant corporate bond market must for growth’
$500 b needed for infrastructure investment: Chidambaram More

‘Asia, Pacific countries need to find their own destiny’
New Delhi, March 28 Countries in Asia and the Pacific region should find their own destiny and that is why the Economic and Social Commission for Asia and the Pacific (ESCAP) is forging a compact called Asia-Pacific United for Inclusive and ... More

Chhattisgarh Plan outlay fixed at Rs 9,600 cr
New Delhi, March 28 The Annual Plan of Chhattisgarh for 2008-09 has been pegged at Rs 9,600 crore, inclusive of additional Central assistance of Rs 50 crore for establishing and strengthening of infrastructure for collection and marketing of ... More

PETROLEUM
Govt issues Rs 9,297 cr oil bonds
New Delhi, March 28 Government on Friday issued oil bonds worth Rs 9,296.92 crore in order to compensate public-sector oil marketing companies for their under recoveries. According to an official release, the Finance Ministry has ... More

TEA
‘India has the most cost-effective tax administration’
Mumbai, March 28 India has the most cost-effective tax administration regime as the cost of tax collection is just 60 paise per Rs 100, which is among the lowest in the world, Mr P. Chidambaram, Union Finance Minister, said here ... More

TYRES
Tyre makers may hike prices by 3-5%
Prices of key inputs head north in recent months More

COAL
CIL plans broad-basing of product range
Having failed to convince the Centre for a switch-over to the internationally accepted gross calorific value-based gradation for its produce, Coal India Ltd (CIL) is now hopeful of broad-basing its product range from the existing eight grades ... More

RADIO/TV
TRAI for regulating television rating system
Issues consultation paper; stakeholder comments sought by April 21 More

Dish TV opening 18 customer care outlets in TN
Madurai, March 28 Dish TV India Ltd will be setting up 18 customer care outlets in Tamil Nadu, according to Mr V.P. Krishnakumar, Deputy Vice-President, South, Chennai. Speaking to Business Line following the ... More

EDUCATION
Muthuraman on IITK board
Kolkata, March 28 Mr B. Muthuraman, Managing Director of Tata Steel, has been nominated as the Chairman of the Board of Governors of Indian Institute of Technology, Kharagpur by the President of India, Ms Pratibha Patil. He will hold ... More

REAL ESTATE & CONSTRUCTION
Incorrect land allotment costs AP industrial body Rs 309 cr: Report
The Comptroller and Auditor General of India has observed that due to incorrect allotment of land to various industrial estates at reduced prices, the Andhra Pradesh Industrial Infrastructure Corporation (APIIC) has foregone revenue of Rs 309 ... More

Nitesh Estates project launched
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EVENTS
ASCI meet on Police reforms
Hyderabad, March 28 Police in several parts of India seemed over-burdened with several non-core police functions and spend disproportionate time in duties such as VIP bandobust rather than ensuring safety of the public. Police officers ... More

IIM-A wins Tata Crucible quiz
Mumbai, March 28 IIM Ahmedabad won the Tata Crucible — The Campus Quiz 2008 national finals. Keerthi Raghavan and Dushyant Mullur of the winning team won a cash prize of Rs 2 lakh along with the National Champions trophy. The ... More

Momentous occasion
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INCOME TAX
I-T offices to stay open this weekend
Responding to the appeal made by the All India Federation of Tax Practitioners (AIFTP), eastern zone, Mr T.K. Chatterjee, Chief Commissioner of Income-Tax, Kolkata, on Thursday issued orders that income tax offices throughout the State should ... More

EXPORTS & IMPORTS
Tea exporters earn Rs 8 cr less in January
Coonoor, March 28 The year 2008 has opened with low returns for tea exporters as their earnings in January declined by Rs 8 crore over the same period of the previous year. Earnings dropped despite the unit price rising, because the ... More

‘Edible oil export ban to have little impact’
Mumbai, March 28 The ban on export of edible oils, notified on March 17, is unlikely to have any marked impact on domestic supply because of small volume, but is sure to damage the country’s reputation as a reliable supplier of premium ... More

DEPB scheme extended to next financial year
New Delhi, March 28 The Government has extended the duty entitlement passbook (DEPB) scheme into the forthcoming financial year that starts April 1, the Commerce Secretary, Mr G.K. Pillai, has said.“The Cabinet on Thursday ... More

TOURISM
Tourism wave
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