The Hindu Business Line : Saturday, June 07, 2008

POLLUTION
Public hearing on Anrak aluminium project today
The Andhra Pradesh Pollution Control Board is going ahead with its plan to hold a public hearing on the proposed aluminium refinery and smelter projects by Anrak group at Rachapalli village in the Makavaripalem mandal of Visakhapatnam district ... More

NRIS
Does FBT apply to non-residents?
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NON-CONVENTIONAL ENERGY
‘Green tags’ to enable trading of renewable power on the anvil
Move to promote inter-State trading of renewable energy More

ECONOMY
Bandh brings work at Singur plant to a halt
Kolkata, June 6 The two-day bandh brought work at the Tata Motors Singur small car plant to a standstill, the first time this has happened since construction work began in January, last year. All work within the factory complex was halted and ... More

‘India, China have no role in global food prices spurt’
Hyderabad, June 6 The recent extraordinary increases in food prices globally are closely linked to the public policy responses to high energy costs in advanced economies as well as turbulence and financial markets and situations, according to ... More

36% increase in direct tax collections
New Delhi, June 6 The Finance Minister, Mr P. Chidambaram, will inaugurate the 24th Annual Conference of Chief Commissioners and Directors General of Income Tax here on June 9. An official release said that the two-day conference is ... More

Finance Minister refutes BJP resolution on economy
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HEALTH
Fighting HIV: AP to emulate S. Africa model
Hyderabad, June 6 Andhra Pradesh, which is home to a large number of HIV/AIDS patients, has decided to take a cue from South Africa in tackling the problem, which is spreading fast in the State.The State is planning to emulate the model ... More

PETROLEUM
Powerful oil shock absorber
West Asian sheikhs and sultans are often Janus-faced — dictators from one side but perceived to be benevolent tax administrators from the other, what with there being no personal taxation in these nations. The show of kindness hides a ... More

Cut in VAT on petrol, diesel ‘difficult’: AP Minister
The Andhra Pradesh Finance Minister, Mr K. Rosaiah, today said that it would be difficult for the State Government to slash value added tax (VAT) on petrol and diesel to bring down the burden of price hike announced by the ... More

Kerala cuts sales tax on petro goods
Thiruvananthapuram, June 6 The Kerala Government has announced cutbacks in sales tax on petroleum fuel prices amounting to Rs 1.22/litre for petrol and 66 paise for diesel. According to a spokesman of the Chief Minister’s Office, ... More

POWER
GMR to shift Karnataka power plant to AP
Bangalore, June 6 The GMR group has decided to shift its barge-mounted power plant in Karnataka to Kakinada in Andhra Pradesh. The plant will be re-commissioned at the new location by April 2009 and will run on gas, according to information ... More

SSI
‘Micro, small units can adopt mutual credit guarantee model’
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PERSONAL PRODUCTS
FMCG cos plan to increase prices
Chennai, June 6 That toothpaste or toilet soap that you use in the morning or the detergent for your clothes could soon be more expensive. Faced with the prospect of spiralling input costs, fast moving consumer goods companies that make these ... More

RADIO/TV
Sony ties up 7 sponsors for 10 ka dum
New Delhi, June 6 Salman Khan may be used to the uncertainty of a Friday opening in his now nearly two-decade-long film career, but this Friday was different. The actor made his debut in Sony’s new television game show More

CARS
Margins on small cars may go down
Bangalore, June 6 Car makers as well as dealers will increasingly see their margins eroded by nearly half as more small cars are launched in the country including Tata Motors’ Nano.Sources in Maruti Suzuki told More

REAL ESTATE & CONSTRUCTION
Standing tall
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INDUSTRY ASSOCIATIONS
CII to open office in Vizag
The Confederation of Indian Industry is setting up an office here and planning to launch a steel cluster, according to Mr Utpal Sen Gupta, Chairman, CII, AP. At a press meet here on Friday, he said Vizag was one of the tier-two cities the CII was ... More

KCCI plea to Govt
The Kanara Chamber of Commerce and Industry (KCCI) has urged the Karnataka Government to reduce sales tax on petroleum products and to cancel entry tax on them. In a letter to the Chief Minister, Mr B.S. Yeddyurappa, the copies of which were ... More

MINERALS
Iron ore offtake may drop 10-15% due to China’s import curbs
Bangalore, June 6 The Federation of Indian Mineral Industries (FIMI) envisages a slowdown in China’s import of iron ore, partly due to constraints from domestic factors like increase in rail freight rate and restriction by ports in ... More

FOREIGN DIRECT INVESTMENT
FIPB clears EFX Holdings’ plans for stake in Tata Cap, Crisil venture
New Delhi, June 6 Foreign Investment Promotion Board (FIPB) has approved Mauritius-based EFX Holdings’ plans to acquire 49 per cent stake in a proposed joint venture with Tata Capital and Crisil for credit information business in India. ... More

RURAL DEVELOPMENT
‘Banks should expand outreach’
New Delhi, June 6 Banks need to expand their outreach to hitherto unbanked areas/States by re-focusing their strategies and using appropriate technology and delivery channels, the Minister of State for Finance, Mr Pawan Kumar Bansal, has ... More

EVENTS
Salim group holds talks with Buddhadeb
Kolkata, June 6 The owner of the Salim Group of Indonesia, Mr Anthony Salim, today met the West Bengal Chief Minister, Mr Buddhadeb Bhattacharjee, and provided the latter with an update on the progress of various projects that have been taken ... More

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