The Hindu Business Line : Friday, July 11, 2008

POWER: IAEA safeguards to cover civilian nuclear facilities
Draft says Govt will solely determine and notify facilities. New Delhi, July 10 The Congress-led United Progressive Alliance (UPA) Government, on Thursday, made public the draft text of the Safeguards Agreement negotiated with the ...

FOREIGN DIRECT INVESTMENT: TN hopes to get good investments in aerospace
Following success story of telecom, auto sectors at Sriperumbudur. The success stories of automobile, electronics hardware and telecom firms at Sriperumbudur may fetch investments in aerospace industry too. ...

ECONOMY: Kerala to incur Rs 3,000-cr extra expenditure next fiscal
Fuel price rise to cause additional burden, revenue loss. The Kerala Government will incur additional expenditure to the tune of Rs 3,000 crore in next financial year owing to prise rise caused by the increase in prices of petroleum products. ...

ENVIRONMENT: Much ado about nothing in Toyako
Meeting at the mountain resort Toyako, on Japan’s Hokkaido island for three days from Monday, heads of the Group of 8 countries, led by the US and joined by the UK, Germany, France, Italy, Canada and Russia and host Japan, achieved little ...

ECONOMY: D&B optimism index down 11% in Q3
Mumbai, July 10 The Dun & Bradstreet Composite Business Optimism Index for the third quarter of 2008 recorded a decrease of 11.2 per cent to 135.6 from 153.7 in the previous quarter. On a year-on-year basis, the Business Optimism Index ...

POWER: KSEB moots thermal surcharge to meet crisis
A full board meeting of the Kerala State Electricity Board (KSEB) has proposed to the State Electricity Regulatory Commission (SERC) and the Government a slew of measures, including a thermal surcharge, to meet with a crisis situation brought ...

CLIMATE & WEATHER: Karnataka plans cloud seeding
Slipping into severe power shortage following a weak monsoon, Karnataka Government has decided to ask the Centre to double the allocation from the southern power grid to 30 per cent. ...

EXPORTS & IMPORTS: Ban on maize export: Uncertainty over consignments with shipping bills
Nearly 2 lakh tonnes shipment put on hold in Tuticorin, Chennai. Chennai, July 10 At least two lakh tonnes of maize (corn), for which shipping bills have been filed and which are waiting to be loaded in containers, face uncertainty following a ...

MINERALS: NMDC to push for better ore price
Talks with Japanese steel mills, Posco this month. Hyderabad, July 10 National Mineral Development Corporation (NMDC) will push for a better price for its iron ore with Japanese steel mills and South Korean steelmaker Posco during ...

INCOME TAX: CBDT sees IPL as a money spinner
TDS collections of Rs 160-200 cr expected this fiscal. New Delhi, July 10 The Central Board of Direct Taxes (CBDT) sees the multi-million dollar DLF Indian Premier League (IPL) as a money-spinner for the tax department in the coming days. ...

CARS: Bajaj-Renault small car design team will be 80% Indian
Pune, July 10 The design team that will develop the new $2,500 car for the Bajaj Auto Renault-Nissan joint venture company will comprise nearly 80 per cent Indian engineers to achieve cost competency, while the remaining will be drawn from the ...

POWER: Safeguards pact won’t affect domestic N-programme: AEC chief
Mumbai, July 10 The India-specific safeguards agreement will not affect the country’s domestic nuclear technology development programme, said Dr Anil Kakodkar, Chairman, Atomic Energy ...

ENVIRONMENT: ‘Investments in clean tech will pay’
New Delhi, July 10 Investing in clean technology would emerge as a significant opportunity considering the demand supply gap and the estimated investments in the sector would reach a rate of $10 billion a week by 2030, said Mr Chris ...

EDUCATION: SKS-CL Academy to set up schools
Career Launcher chain of schools and SKS Microfinance have jointly launched SKS-CL Academy to set up English medium schools in Andhra Pradesh. The Academy would set up 10 schools in Nalgonda, Khammam, Rangareddy and Medak districts in the State ...

EMPLOYMENT: Rural job scheme apace
As many as 625 works were taken up under the Centre-sponsored National Rural Employment Guarantee scheme in Nagapattinam district and about Rs.91.45 crore had been paid as wages to the casual workers under the scheme in the last two years in the ...