The Hindu Business Line : Friday, June 19, 2009

INDUSTRY & ECONOMY

COAL: Faster forest clearances for coal projects
New Delhi, Jun 18 The Centre is working on a series of measures to help coal projects clear regulatory and environmental hurdles ...

INVESTMENTS: India Inc investment bails out US companies: Report
Small and medium enterprises are the saviours. New Delhi, June 18 Direct investments by Indian firms in the US are bailing out companies on the brink of closure and generating more ...

BIO-TECH & GENETICS: Biotech sector turnover tops Rs 12,000 cr in 2009
Growth rate slips due to meltdown, foreign exchange rate. Bangalore, June 18 The global meltdown and the foreign exchange rate have impacted Indian ...

PETROLEUM: Cairn: Price discussions no constraint on production
Co has proposed a 3-year average of bonny light as benchmark price. Cairn India Ltd has said that the ongoing price discussion with the Government nominees for its Rajasthan crude is not a ‘constraint’ on production. “We are ...

EDUCATION: Karnataka Cabinet approves Azim Premji university
Bill to be placed before Legislature for approval. Bangalore, June 18 The State Cabinet has accorded in-principle approval to the Azim Premji Foundation to set up the first private university in the ...

WATER: CII - North proposes aqua code for industry
To build water institute in Jaipur. The Confederation of Indian Industry (CII) - Northern Region has urged the industry to adopt an ‘aqua code’ for better management, conservation and efficiency of usage water, which is a scarce ...

PETROLEUM: IOC’s refining margin may go up to $5 a barrel in Q1
Inventory gains leading to the cash flow. Kolkata, June 18 Inventory gains due to rise in crude prices may push up the refining margin of IndianOil to nearly $5 a barrel during the first quarter of this fiscal, up by nearly $2 a barrel compared ...

BIO-TECH & GENETICS: 4 new biotech SEZs coming up in AP
Andhra Pradesh Industrial Infrastructure Corporation (APIIC) is planning to develop a biotech Special Economic Zone (SEZ) in Hindupur in ...

BUDGET: FIEO hopes for a comprehensive export package in Budget
New Delhi, June 18 The country can achieve 7-8 per cent higher export growth in 2009-10 than the $168.7-billion it managed last fiscal, provided the forthcoming Budget comes out with a ‘good package’ to address the ...

NON-CONVENTIONAL ENERGY: Mandatory solar power purchase proposed
Chennai, June 18 Electricity regulators are considering mandating the purchase of a certain percentage of solar power within the scope of the ‘renewable energy obligation’ to encourage the development of solar power, said Dr ...

BIO-TECH & GENETICS: Fresh bids to be invited for biotech SEZ, Bangalore Helix
Bangalore, June 18 Bangalore Helix, the Rs 300-crore biotechnology SEZ floated by the Karnataka Government, is to be re-tendered for the development of its phase 2, according to ...

ENGINEERING: Coimbatore engg units find scope in mechanised irrigation
Global agricultural trade expo in October. Coimbatore, June 18 The engineering industries in Coimbatore see a significant potential in manufacturing components for pivot irrigation (a system of crop irrigation in which the equipment rotates ...

RADIO/TV: I&B Ministry moots five-year tax break for digital TV services
New Delhi, June 18 The Ministry of Information and Broadcasting has suggested a five-year tax holiday for those offering digital television ...

BIO-TECH & GENETICS: Karnataka to unveil pro-industry biotech policy next month
Bangalore, June 18 Karnataka, the first State to pro-actively promote the biotechnology sector with a separate policy for the industry in 2001, plans to roll out a revised, industry-friendly policy ...

TEXTILES: Textiles: FICCI for full tax exemption on export earnings for short term
New Delhi, June 18 A delegation of the Federation of Indian Chambers of Commerce and Industry (FICCI) on Wednesday suggested to the Union Minister for Textiles, Mr Dayanidhi Maran, that while there should be a temporary 100 per cent tax ...

EDUCATION: IIM-A set to introduce new courses this year
Ahmedabad, June 18 With a bouquet of new courses and additional infrastructure in place, the Indian Institute of Management - Ahmedabad is confident of beginning the new academic year on a positive note from next week despite the gloom of ...

ECONOMY: Negative inflation: No impact seen on market
Mumbai, June 18 The headline inflation falling into the negative territory will not have much of an impact on the stock markets said market men. “Significant high base effect remained the key reason for this drop, even though the ...

ECONOMY: Kerala Govt takes steps to check price rise
The Kerala Government has initiated firm measures to check the recent rise in prices of essential items in ...

EXPORTS & IMPORTS: Weak rupee boosts coffee exports' unit value
Weakening of the rupee against the dollar has led to high export earnings from coffee exports, though there has been a decline in shipments this ...

FOREIGN DIRECT INVESTMENT: India is the second largest investor in UK
Chennai, June 18 India is now the second largest ‘foreign direct investor’ in the UK in terms of the number of projects, outdone only by the US, according to the UK Inward Investment Results, 2008-09, released ...

WATER: New Tirupur water supply project a boon to industries
Coimbatore, June 18 Industries in and around Coimbatore, which are facing acute water shortage, have been extended a lifeline by the New Tirupur Area Development Corporation Ltd (NTADCL). It has offered to share the surplus water available ...

MEDICAL INSTITUTIONS & HOSPITALS: HeartLink mulls Indian arm
Children’s HeartLink, a US-based non-governmental organisation that supports hospitals in attending paediatric cardiac cases, may consider setting up an ...

ECONOMY: Budget should balance growth with distributive justice
The first Budget of the newly-elected government would be presented on July 6. There is understandable euphoria and great expectations from all segments of society. It is essential to recognise that the Indian fisc has severe resource ...

ECONOMY: Balancing growth and deficits
With unusually high expectations from the electorate and very ambitious agenda drawn up by the newly elected UPA government, all eyes are now on the forthcoming Budget. The Finance Minister, Mr Pranab Mukherjee, who is expected to present ...

ECONOMY: ‘Outsiders’ in a slow economy
An increasing number of analysts are trying to foretell the impact of the ongoing recession on economic migrants. The developed world, which for decades has offered a difficult but promising path to upward mobility, appears to be losing its ...