The Hindu Business Line : Tuesday, March 11, 2008

BUDGET
Karnataka’s interest costs poised to escalate
Karnataka’s interest costs are estimated to escalate to Rs 5,278 crore for the next financial year in the vote-on-account presented by the Union Finance Minister, Mr P. Chidambaram.The 12 per cent increase in interest costs over ... More

No new taxes proposed in Karnataka budget
Vote on account sought for Rs 29,027 cr More

Chamber hails vote-on-account
Bangalore, March 10 The Bangalore Chamber of Industry and Commerce (BCIC) has welcomed the emphasis on the development of human capital by further increasing investment in education, health and social welfare along with the measures to improve ... More

In line with Union Budget, says KCCI
Mangalore, March 10 The Kanara Chamber of Commerce and Industry (KCCI) has said that the Karnataka Budget for 2008-09, which was presented in Parliament on Monday, is almost in line with the Central Budget. Mr K. Narasimha Prabhu, ... More

ENGINEERING
EEPC to sign 2 pacts with Russia chambers
Organising trade fair to boost ties; bulk of exhibitors from S. India More

FOREIGN TRADE
Scope to boost ties with UK in services sector
New Delhi, March 10 Small and medium enterprises (SME) and service sectors of the UK and India need to increase their business contacts to tap the limitless business potential that exists between the two countries.This emerged at a ... More

HEALTH
Rare liver transplant at Kamineni Hospitals
Hyderabad, March 10 Doctors at Kamineni Hospitals have performed a rare liver transplant on a 46-year-old woman from Guntur. The procedure involved minimal transfusion of blood compared to the normal procedures.Ms P. Ramadevi was ... More

INFRASTRUCTURE
Japan extending soft loans worth Rs 7,074 cr
Seven large-scale projects to benefit More

PETROLEUM
NELP-VII bid date pushed to April 25
New Delhi, March 10 The Government has pushed back the bid date for 57 oil and gas blocks on offer under the latest round of New Exploration Licensing Policy (NELP) by two weeks to April 25 from April 11. The last date for bidding has ... More

POWER
AP power purchase bill shoots up by Rs 14 cr
Transmission Corporation of Andhra Pradesh (APTransco) is purchasing about 15 million-17 million units a day spending Rs 14 crore a day at average cost of Rs 9 per unit, to ensure power supply to the farm sector.The Chief Minister, Dr ... More

STEEL
‘Invest in new steel plants to check prices’
Kolkata, March 10 The rise in steel prices can be checked only if steel plants generate enough surpluses to invest in new steel-making capacities and meet the growing demand for steel in the country, according to Mr P.K. Bishnoi, Chairman ... More

TAXATION
New CBDT member
New Delhi, March 10 The Central Board of Direct Taxes (CBDT) has a new member in Mr Ajai Singh. He has been appointed as a member against the vacancy caused by the retirement of CBDT member, Mr A.J.Majumdar. Prior to this, Mr Singh, a 1972 ... More

TEXTILES
Centres of excellence
Coimbatore, March 10 The Coimbatore-based South India Textile Research Association (SITRA) is to be developed as a Centre of Excellence (CoE) for technical textiles. A formal notification from the Ministry to this effect will be issued ... More

TUFS subsidy backlog may be cleared soon
Ministry to release Rs 230 cr this month-end More

SSI
Kerala draws up revival plan for sick SSI units
The Kerala Government has drawn up a revival plan for sick small-scale industrial units in the State.Replying to questions in the State Assembly on Monday, the Industries Minister, Mr Elamaram Kareem, said that the plan would comprise ... More

RADIO/TV
Bill on Prasar Bharati Act tabled in Lok Sabha
New Delhi, March 10 A Bill to amend the Prasar Bharati (Broadcasting Corporation of India) Act, 1990, was introduced in the Lok Sabha on Monday by the Minister for Information and Broadcasting, Mr P.R. Dasmunsi. The Bill seeks to ... More

EDUCATION
Recruiters descend on IIMs; salary graph keeps rising
OFFERS GALORE More

REAL ESTATE & CONSTRUCTION
Gemstone floor décor grips realty sector
Mumbai, March 10 It’s no more the exclusive domain of the Arab fiefdoms, which for ages used gemstone for home interiors. Indian realty appears to have caught on to ‘gemstone floor décor’ and the much-fancied Italian ... More

INDUSTRY ASSOCIATIONS
FICCI opposes proposal for 25% public holding for listing
The Federation of Indian Chambers of Commerce and Industry (FICCI) has opposed the proposed norm that stipulates a public holding of 25 per cent for a company to be listed and continue to remain listed in a stock exchange.The opposition ... More

‘Chambers of commerce will not come under tax net’
Addressing members of the Bharat Chamber of Commerce and Merchants Chamber, besides captains of industry, at an interactive session on ‘Direct Taxes: Policies and Prescriptions’, here on Monday, Mr R. Prasad, Chairman, Central ... More

Army assurance to industry
New Delhi, March 10 Industry has been assured of “total transparency” and a “level-playing field” in the Army’s dealings with the public and private defence equipment suppliers. “The core areas where ... More

MINING & QUARRYING
Indsil Group, Good Earth in pact to operate Indonesia mine
Coimbatore, March 10 Indsil Group has signed an agreement with Nagpur-based Good Earth group to operate an “already” acquired manganese ore mine in Indonesia. The mine was acquired by Good Earth in November 2007.Spread ... More

EVENTS
Culinary delights
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