The Hindu Business Line : Thursday, August 14, 2008

INDUSTRY & ECONOMY

ECONOMY: EAC pegs GDP growth at 7.7% due to slowdown
New Delhi, Aug. 13 Global slowdown in growth, tightening of credit and equity markets following the US sub-prime crises and sharp elevation in global commodity inflation haveprompted the Prime Minister’s Economic Advisory Council (EAC) ...

PSU: Public sector cos not following norms on bulk deposits
Competitive bids still being called: Chidambaram. New Delhi, Aug 13 The Finance Minister, Mr P. Chidambaram, on Wednesday said that Central public sector enterprises (CPSEs) appear to be violating Government departmental guidelines on ...

POWER: Power developers worried as States go back on contracts
New Delhi, Aug 13 Sanctity of contracts is increasingly coming under cloud in the power sector. ...

PETROLEUM: ‘No scope for reducing domestic fuel prices now’
Deora says retail rates pegged much lower than global crude values. New Delhi, Aug 13 There is no scope for reducing the domestic fuel prices at this stage, the Union Petroleum Minister, Mr Murli Deora, said on Wednesday. While stating that ...

STEEL: Tata Steel signs jt venture pact with Vietnam Steel, Vicem
For setting up steel complex in Vietnam. Mumbai, Aug. 13 Tata Steel has signed a joint venture agreement with Vietnam Steel Corporation (VnSteel) and Vietnam Cement Industries Corporation (Vicem) for establishing a steel complex in Vietnam ...

REAL ESTATE & CONSTRUCTION: ‘Realty headed for a further 10% correction’
Tata Housing coming up with second project in Bangalore. Bangalore, Aug. 13 The real estate market across the country is not as robust now as it was a couple of years ago. The industry has seen a correction of 15-20 per cent across markets, ...

EDUCATION: India joins Creativity World Forum
India has joined the privileged club of the Creativity World Forum, initiated by the Northern Belgian Province of Flanders, with the formal launch of a chapter here.. The District Creativity Platform of Karnataka, led by three premier ...

EDUCATION: Accenture, IGNOU joint programme
Accenture and the Indira Gandhi National Open University (IGNOU) will jointly develop a diploma programme designed to help grow the outsourcing industry by providing comprehensive training and career opportunities in business process outsourcing ...

EDUCATION: Education needs ‘generational changes’
National Knowledge Commission Chairman, Mr Sam Pitroda on Wednesday called for ‘generational changes’ to meet the deepening crisis of expansion, excellence and access in Indian education system. Addressing a seminar on ‘Building ...

PETROLEUM: Spot LNG prices to soar, CNG biz to suffer
Kolkata, Aug 13 If the early indications come true, spot LNG prices in India are going to touch the roof in next two months. ...

TYRES: Poor rubber supplies hit tyre cos
Kochi, Aug. 13 Continued non-availability of natural rubber despite the prices shooting up to an historic high of Rs 140 per kg has put the production planning of tyre companies in disarray. ...

INFRASTRUCTURE: Cabinet to take up airports modernisation today
New Delhi, Aug. 13 The Chennai and Kolkata airport modernisation process is likely to be put on the fast track soon with the Cabinet Committee on Economic Affairs (CCEA) expected to clear both the projects at its meeting scheduled to be held ...

HEALTH: Workshop on blood security
Thiruvananthapuram, Aug. 13 The city-based Sree Chitra Tirunal Institute for Medical Sciences and Technology and the Kerala Chapter of Indian Society of Blood Transfusion and Immunohaematology are organising a workshop to develop a total blood ...

ECONOMY: Chidambaram sees 8% growth
New Delhi, Aug. 13 The Finance Minister, Mr P Chidambaram, on Wednesday expressed confidence that Indian economy would grow close to 8 per cent in 2008-09. This observation came on a day when the Prime Minister’s Economic Advisory ...

REAL ESTATE & CONSTRUCTION: Postal authorities not keen on vending forms for Matheran housing project
Mumbai, Aug 13 Matheran Realty’s efforts to rope in post offices in Mumbai to distribute application forms for its low-cost housing project came to naught as the postal authorities in Delhi appear to have expressed reservations over it. ...

ECONOMY: EAC report cautions against off-budget liabilities
New Delhi, Aug. 13 The Economic Advisory Council (EAC) to the Prime Minister has rapped the authorities under the knuckle that in their endeavour to adhere to the targets of fiscal rectitude, they have piled up off-budget liabilities, ...

AWARDS & HONOURS: Mauritius envoy gets Ishan award
The Mauritius Ambassador, Mr M. Choonee, has been conferred with the Ishan National Award for his role in promoting Indo-Mauritius cooperation. The award has been instituted by the Ishan Institute of Management and Technology. The event also saw ...