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Tuesday, September 23, 2008
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INDUSTRY & ECONOMY

SOCIAL WELFARE: Implementing the NREGS
The National Rural Employment Guarantee Act has now been in operation for more than two years, even though it is still being extended to all the rural areas of the country. In that relatively short time, it has already become one of the ...

ECONOMY: Globalisation not good for mutual funds too
Commodity-focused schemes slip wider. Mumbai, Sept. 22 Only three months ago, Indian mutual fund houses were pushing global funds as a means by which the Indian investor could get some returns from the bull run in emerging ...

EDUCATION: AP plans varsities in districts, more polytechnic colleges
To focus on providing IT education to talented rural youth. Hyderabad, Sept. 22 Focussing on higher education, the Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, is keen to establish a university in every district of ...

INDUSTRY ASSOCIATIONS: Spinners’ association seeks 2-yr moratorium on bank loans repayment
Urges Centre to reduce term loan interest rates. Coimbatore, Sept. 22 The South India Small Spinners Association (SISSPA), Coimbatore has sought a blanket two-year moratorium on bank loan repayment in view of the tough market conditions the ...

RURAL DEVELOPMENT: Kerala: Civic chiefs told to ensure quality of Plan projects
Thiruvananthapuram, Sept 22 The Kerala Local Administration Minister, Mr Paloli Mohammed Kutty, has called upon the civic chiefs to ensure the quality of the Eleventh Plan projects and also to give priority to the EMS ...

FOREIGN DIRECT INVESTMENT: Group on Manufacturing moots linking of FDI approvals to tech transfer
More emphasis on development of SMEs. Chennai, Sept. 22 The Prime Minister’s Group on Manufacturing has suggested the formulation of a ‘manufacturing policy’, the chief elements of which would include linking FDI approvals to ...

CEMENT: ACC decision to raise prices boosts cement stocks
Managing Director says more hike possible. Mumbai, Sept. 22 The firm decision by cement major ACC to pass on the rise in input cost to consumer boosted cement company stocks in Bombay Stock Exchange ...

SOCIAL WELFARE: Arunim gives business tag to sheltered workshops
For the economic empowerment of people with disability, the Government-run National Trust is arming them with skill-sets to help them earn a livelihood. The Trust has also formed a marketing federation, Arunim, to transform sheltered ...

CARS: Re offsets gains from declining steel prices for car makers
New Delhi/ Bangalore Sept. 22 The falling steel prices in the global market, at a time when the rupee is depreciating, may not spell good news for the domestic automobile companies and ...

EDUCATION: Banks told to adopt flexible measures for education loans
In a move to help raise level of knowledge, skills. Madurai, Sept. 22 The Union Finance Minister, Mr P. Chidambaram, has urged bankers to adopt a flexible approach while extending ...

ECONOMY: Karnataka hopeful of Rs 2 lakh cr investments
Mr Murugesh Nirani, Karnataka Minister for Large and Medium Industries, said that investments of over Rs 2 lakh crore are likely to flow into the State in the next two years. Nearly 100 “concrete proposals were gathered ...

NRIS: Pravasi Bhartiya Divas in Singapore
...

MANAGEMENT: HR association inaugurated
Converge, the HR association of the Justice K.S. Hegde Institute of Management at Nitte in Udupi district, was inaugurated recently. A press release said here that Mr P. Purandara Shetty, Unit Head and Senior General Manager of BASF India ...

WTO: EU favours talks with India on tax regime for wines & spirits
Seeks clarification on law & other measures on market access. The European Union on Monday said that it would request WTO-consultations with India on its domestic tax regime for spirits and wines, though a formal panel set up by the WTO on ...

SSI: Priority sector lending in Ernakulam below target
Improve position by next quarter, Collector tells bankers. Kochi, Sept. 22 The performance of all banks and government departments on priority sector lending and disbursements under government-sponsored schemes and other poverty alleviation ...

WATER: Chennai to host event on water management
Chennai, Sept. 22 Rapid urbanisation and industrialisation is turning water into a scarce commodity. Unless there is a holistic approach in water management, there is an ...

EXPORTS & IMPORTS: Export curbs on certain varieties of rice may go
Chidambaram refuses to give time limit for allowing shipments. New Delhi, Sept 22 The Finance Minister, Mr P. Chidambaram, on Monday hinted that export curbs on certain varieties of rice may be lifted in the ...

EVENTS: World Congress to chart out plan to tackle disasters
Event slated for October 21-24 in Hyderabad. Hyderabad, Sept. 22 The first World Congress for Disaster Management (WCDM)-2008 to be held at Hyderabad next month will chart out the course of action for an integrated approach to tackling ...

EDUCATION: Indian Bank extends more loans to rural students
Indian Bank has disbursed more educational loans to students from rural and semi-urban areas and girl students accounted for more than 35 per cent of the total, according to Mr M.S. Sundara Rajan, Chairman and Managing Director of ...

RURAL DEVELOPMENT: DoT sticks to sops for rural telephony
Rejects Finance Ministry’s demand for review. New Delhi, Sept 22 The disconnect between the Department of Telecom and the Finance Ministry over various policy issues has widened with the former rejecting a review of its decision to lower ...

HUMAN RESOURCES: ‘Need for review of industrial dispute resolution system’
New Delhi, Sept. 22 It has become necessary to review the industrial disputes resolution system practiced in the country following the process of economic liberalisation and the restructuring should focus on bipartite consultation, building ...

ENGINEERING: Panel for review of policy on capital goods
Chennai, Sept. 22 A high-level committee on manufacturing, in its report submitted to the Prime Minister on Saturday, has stressed that the activity of manufacturing ought to be viewed as an aspect of ...

NATURAL CALAMITIES: Water burdens
...

SSI: Six study programmes for MSME sector launched
Hyderabad, Sept. 22 The National Institute for Micro, Small and Medium Enterprises (Ni-msme) has launched two new international and four ...

INFRASTRUCTURE: ‘Raigad votes against SEZ in referendum’
Mumbai, Sept. 22 A majority of people in the 22 villages in Raigad district have voted against the SEZ in the referendum process which was held on Sunday, claimed Mr N.D. Patil, senior leader of Peasants and Workers Party of India, who ...

FOREIGN TRADE: PM leaves on 10-day visit to US, France
The entire range of issues on the bilateral agenda between India and the US, including the civil nuclear initiative, will come up for discussions between the Prime Minister, Dr Manmohan Singh, and the US President, Mr George W. Bush, during ...

EDUCATION: Online registration for IELTS exam
Hyderabad, Sept. 22The British Council has introduced new online registration system (NORS) for its IELTS, an examination in proficiency in ...

EDUCATION: ‘Students must be taught to convert knowledge into wealth’
Business schools in India have a challenge before them to impart to its students “ability to convert knowledge into wealth”, Mr P.V. Arunachalam, former Vice-Chancellor of Dravidian University, said here ...

COURTS/LEGAL ISSUES: Public hearing on bauxite mining scheduled for Oct 3
Not heeding to the growing protests against the proposal to undertake bauxite mining in the agency (tribal) areas of the Visakhapatnam district, the Andhra Pradesh Government is going ahead with it and the public hearing on the mining is ...






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Markets (Sept 22)
Nifty (at close)4223.05(-22.20)
US Dollar (Buy/Sell)45.35/36
Brent crude (a bbl) Rs4,499
Gold (a gram) Rs1,157
Silver (a kg) Rs19,705


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In Focus
Remembering Ramachander

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Other Top Stories
Wireless printers have arrived

Palm oil imports: Malaysian co plea to discourage defaulters

Private insurers see lower profitability

Globalisation not good for mutual funds too

Export curbs on certain varieties of rice may go

Kingfisher Airlines will turn around soon: Mallya

Looking back
Sep. 14-Sep. 20
NHPC seeks Sikkim help to complete power projects

Power Exchange of India to start trading in October

ArcelorMittal to educate farmers on land compensation funds

Iron ore loading: New norms for private sidings

Stainless steel industry banks on Railways for its growth

IRCTC may have to pay higher price for budget hotels

Indian crude basket likely at $91-95

Omaxe hopes to build 1 m ‘affordable’ homes

Iron ore exporting cos to go in for a higher price from importers

Cost pressure to ease for cement manufacturers

‘PSU status hampers BHEL in bidding process’

‘Asia Pacific property markets entering period of slowdown’

Financial crisis to affect inbound tourism

Re depreciation to boost customs revenues: CBEC chief



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