The Hindu Business Line : Saturday, May 31, 2008

Average income is Rs 33,299
Since the start of this century, the per capita income of Indians has doubled. For 2007-08, the country’s per capita net national product (NNP) at factor cost -- what is commonly called per capita income – is estimated at Rs ... More

INFRASTRUCTURE
Vision document for Thoothukudi
The Confederation of Indian Industry, Thoothukudi District will be bringing out ‘A Vision for Thoothukudi 2025’ by August. The objective is to showcase the potential of the industrial amenities in the district, aimed at making ... More

PSU
Central PSU chiefs set for hefty pay hike
Panel draws up new wage structure for executive-level staff; Govt decision likely by year-end More

PETROLEUM
BRPL may improve capacity utilisation after merger with IOC
Kolkata, May 30 Bongaigaon Refinery and Petrochemicals Ltd (BRPL) may go for higher capacity utilisation by using imported crude following merger with parent IndianOil. Proposals for capacity escalation may also be considered. The merger ... More

‘Discover new crude oil wells’
The Sattur Chamber of Commerce and Industries has urged the Union Petroleum Minister to explore new crude oil wells in the country in the context of soaring price of crude oil coupled with the weakness of the rupee against dollar. In a letter ... More

POWER
Bulk of power stations remains on paper even after ‘commissioning’
New Delhi, May 30 A sizeable chunk of power generation capacity continues to remain on paper, several months into units being declared commissioned. Of the 6,620 MW of thermal capacity publicly declared commissioned last fiscal, a total ... More

TAXATION
CST rate cut to 2% from June 1
New Delhi, May 30 The Centre on Friday announced that Central sales tax (CST), a tax on inter-state sale of goods, would stand reduced to 2 per cent with effect from June 1 this year. A notification to this effect was issued on Friday ... More

TEXTILES
TN notifies minimum pay for textile apprentices
Draft says proposals will apply equally to men and women More

SSI
Alliance to offer tech support to SMEs
The Process Plant and Machinery Association of India (PPMAI), the apex body of $4-billion process plant machinery industry, is associating with Centre for promotion for Imports from developing countries (CBI) of The Netherlands to offer technical ... More

Small-scale entrepreneurs in TN protest against raw material price surge
Coimbatore, May 30 Micro and small entrepreneurs are up in arms against the rise in prices of raw materials including steel. The members of the industry under the aegis of State forum — Tamil Nadu Rural and Micro Entrepreneurs ... More

EDUCATION
3-day meet on higher education
A three-day summit on Higher Education was inaugurated by Dr J. Mahender Reddy, Vice-Chancellor, ICFAI University, Tripura, here on Friday. “The objective of the summit is to bring together academic leaders to generate contemporary thought ... More

REAL ESTATE & CONSTRUCTION
Godrej Properties to go public, files prospectus with SEBI
Godrej Group company Godrej Properties Ltd on Friday filed the Draft Red Herring Prospectus with SEBI for an initial public offering to raise necessary fund for company’s expansion.The company is expecting to raise around Rs 600 ... More

Emaar MGF hints at IPO in 12-18 months
Lines up $3-billion worth projects for South More

INDUSTRY ASSOCIATIONS
Chamber Secy nominated
According to a release from Tamilnadu Chamber of Commerce and Industry, its Secretary, Mr N. Jegatheesan, has been nominated as member of the Madurai Local Planning Authority, under the provision of Tamilnadu Town and County Planning Act. ... More

‘Hold the price line to help weather inflation storm’
New Delhi, May 30 The Finance Minister, Mr P. Chidambaram, on Friday asked captains of industry to resist the temptation to exploit short term supply-demand mismatches or short term price opportunities and appealed to them to hold the price ... More

HUMAN RESOURCES
Moody launches Randy Smith Training centre
The UK-based Moody International has announced the launch of the country’s first centre of Randy Smith Training Solutions (RSTS) of the US here, with the aim to providing trained manpower in a range of industries and businesses. ... More

EXPORTS & IMPORTS
Marginal rise in import of sensitive items in 2007-08
New Delhi, May 30 Even as the country’s overall import growth during the fiscal 2007-08 logged a relatively high growth of close to 13 per cent in rupee terms, the import of 300 sensitive items registered a meagre growth of 0.5 per cent, ... More

Tap potential for agri exports: Kamal Nath
The Union Commerce and Industry Minister, Mr Kamal Nath, on Friday said even as the world trade was itself increasing, India's agri exports, too, would have to keep pace with this rate of growth. Speaking at the Annual ExportAward Function ... More