The Hindu Business Line : Wednesday, July 04, 2007

CLIMATE & WEATHER
Heavy rains: Gujarat gets more power, water
Gandhinagar, July 3 Heavy rains in the Saurashtra region and southern districts of Gujarat during the last two days have flooded many areas and claimed more than 60 lives besides destroying property, but the State has seen water table in its ... More

Rain-ravaged
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CEMENT
Cement industry counts on efficiency to boost output
Top companies’ plants running at full capacity; new projects under way More

ECONOMY
‘Poor still left out of organised financial system’
Hyderabad, July 3 The Chairman, Economic Advisory Council to the Prime Minister, Dr C. Rangarajan, has underlined the need to modify the country’s credit and financial services delivery system to achieve greater financial ... More

EXCISE AND CUSTOMS
Additional duty on imported spirits, wine and beer goes
New Delhi, July 3 The Government on Tuesday removed the additional customs duty, imposed in lieu of State-level excise duty, on spirits/ liquor, wine and beer imports into the country. Simultaneously, the Government has also hiked the ... More

FOREIGN TRADE
Toys lead to US-China trade squabbles
As part of the American corporate lore companies have often withdrawn products that have failed to meet quality standards or have paid millions of dollars in compensation for ‘sins’ committed in the past. The fear of a litigious ... More

Sensitive items imports growth slows to 16% in April
Automobiles, rubber, milk and milk products imports up More

Panel reviews FTAs’ progress
The Prime Minister’s Trade and Economic Relations Committee (TERC) today reviewed the progress of various free trade agreements (FTAs) under negotiation and set the roadmap for the Commerce Ministry on how to tackle the various issues ... More

HEALTH
Venus Remedies launching drug to detect cancer thru x-ray
Files for patent of injectable version More

INFRASTRUCTURE
Concept paper on Delhi-Mumbai industrial corridor soon
New Delhi, July 3 The joint taskforce set up by India and Japan for the proposed Delhi-Mumbai Industrial Corridor (DMIC) project has been directed to finalise a concept paper for the project before the Japanese Prime Minister, Mr Shinzo ... More

Delhi-Mumbai Industrial Corridor: India, Japan sign MoU
India and Japan signed a memorandum of understanding for construction of the proposed $90-billion Delhi-Mumbai Industrial Corridor.Mr Ajay Dua, Secretary of Ministry of Commerce and Industry, and Mr Yasuo Hayashi, Chairman and Chief ... More

Malaysian firm will assist in setting up Kerala satellite city
Thiruvananthapuram, July 3 The memorandum of understanding (MoU) for establishing a satellite city and an industrial park in Kozhikode district will be signed in the third week of August.The project is being promoted by the Kerala State ... More

Iran pipeline: Indian segment may cost $1 b
New Delhi, July 3 India would need to investment about $1 billion in laying the pipeline to transport Iranian gas expected to arrive via Pakistan to consumers in the country. As the construction work of the pipeline would be segmented ... More

PETROLEUM
ONGC firms up plans to explore at Contai block
After more than a year, ONGC has firmed up plans to resume exploration at its pre-NELP onland block at Contai in West Bengal.The company recently cleared plans for drilling one exploratory well in the block, located in the coasts of Bay ... More

STEEL
Robust steel ingots delivery on NCDEX
Mumbai, July 3 National Commodity & Derivatives Exchange Ltd has witnessed robust delivery of mild steel ingots (MSI) on its platform. The June MSI contract, which expired on June 20, saw deliveries of 1,980 tonnes at the base centre, ... More

TAXATION
OECD urges India to adopt better audit selection techniques
Multinationals seek greater transparency More

Chamber calls for roadmap for GST implementation
The chamber says that the foremost issue is to decide whether GST is going to be a single or dual one. More

EDUCATION
ICICI Prudential, XLRI tie up
ICICI Prudential Life Insurance Company Ltd and XLRI have formed a partnership to launch a specialised course in management and insurance, says a press release. – Our ... More

Veta sets up corporate training unit
Chennai, July 3 English training institute Veta has set up a corporate training division within the company that will handle customised training for companies, conduct general workshops, seminars and symposia and train students for campus ... More

Queueing up in water
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CARS
Climate threat does not dampen car production
Washington DC, July 3 The whole world, especially the developed economies represented by the G-8, may be animatedly discussing the alarming fallout of pollution and global warming, but carmakers are busy producing record number of vehicles. ... More

10% ethanol content plan will make cars expensive
Customers will have to spend Rs 5,000-6,000 for existing cars More

REAL ESTATE & CONSTRUCTION
‘Real estate investment trusts can bring about stability in prices’
Give better access to institutional, retail capital, say analysts More

PAPER, BOARD & NEWSPRINT
Pact to curb pollution in paper sector
A memorandum of understanding was signed between Central Pulp and Paper Institute, Saharanpur, a research institute, functioning under the Ministry of Commerce and Industry and Cochin Minerals and Rutile Ltd (CMRL), a public limited company. ... More

SMALL SAVINGS
NSS downtrend may hit Kerala’s finances
Loan realisation from the scheme doubtful More

EXPORTS & IMPORTS
80 lakh jobs at risk due to strong rupee: FIEO
‘About $12.5 billion will be lost’ More

NATURAL CALAMITIES
Rain ravage
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