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INDUSTRY & ECONOMY
EXCISE AND CUSTOMS:
Govt cuts excise duty, offers sops for key export sectors
Stimulus package to boost output, counter slowdown. New Delhi, Dec. 7 In a bid to minimise the impact of the global economic slowdown on the Indian economy, the Government on Sunday unveiled a “multi-dimensional” fiscal stimulus ...
TWO/THREE WHEELERS:
Cars, 2-wheelers likely to get cheaper
Mumbai, Dec. 7 Cars, trucks and two-wheelers are set to become cheaper following the four percentage point cut in Cenvat announced by the Government on ...
TAXATION:
3 booster doses: Will the economy respond?
Mumbai, Dec. 7 The timing couldn’t have been better. A dispirited economy whose financial heart was savaged by 10 youths, filled with irrational hate for people they did not know, needed comforting. First, the reshuffle in Mumbai and ...
TERRORISM:
Staff verification norms to be tightened
Bangalore, Dec. 7 Shaken by the magnitude of the terror that struck the two hotels in Mumbai, companies across industries would step up employee verification procedures, especially for contract employees and those employed in ...
TERRORISM:
Tech cos beef up security; conduct evacuation drills
Hyderabad, Dec. 7 “Got a pass? Wear it. Don’t let other’s sneak into your office.” This message, prominently displayed on the campus of a leading IT major here, conveys the increased focus on security by IT companies ...
AUTOMOBILES:
Auto parts makers see limited impact from GM, Ford woes
‘Exposure to US majors is 3-4%, default in payments unlikely’. BL Research Bureau Despite auto and auto component stocks being bogged down by fears of global auto giants – General Motors, Ford and Chrysler – going belly ...
HEALTH:
Wired for wellness
Integrated IT networks for healthcare providers.. In a bid to improve information flow, many healthcare providers have begun to invest in technologies such as online registration, electronic medical records, picture archiving, and communication ...
EMPLOYMENT:
Enabling assistance
A portal that assists with job search for the disabled. Punarbhava.in is an interactive portal designed specially for people with disabilities who seek career avenues. As the homepage suggests, “Punarbhava means ‘renewed being’ ...
ENTREPRENEURSHIP:
Three quick ones
...
READYMADE GARMENTS:
Slowdown hits Tirupur garment exporters
Margins being squeezed; export target may not be met. Coimbatore, Dec. 7 Garment exporters in Tirupur seem to be fighting a losing battle. A steep decline in orders coupled with falling margins are supposedly compelling the exporting community ...
TEXTILES:
‘Will improve liquidity levels for textile sector’
Chennai, Dec. 7 The bailout package announced by the Government today has enough punch to stimulate consumption. Particularly for the textile industry, it would improve the liquidity levels. “The Government has cleared all pending ...
SCIENCE & TECHNOLOGY:
Rs 2,000-cr initiative to boost education, research in science
Tenali, Dec. 7 The Union Government is set to launch a Rs 2,000-crore initiative in three years to give a big boost to education and research in science, according to Dr T. Ramasami, Secretary, Department of Science & ...
ECONOMY:
Booster shots
Perhaps the terrorist attacks on Mumbai had something to do with galvanising the government as over the weekend it administered three successive booster shots to a dispirited economy. On Friday, petrol and diesel prices were trimmed modestly ...
CONSUMER ELECTRONICS:
Big relief, say consumer durables sector chiefs
New Delhi, Dec. 7 “The measures announced by the Government have come as a relief to the credit-squeezed (consumer durables) industry, which has been under pressure due to high input costs in the first half and a 30 per cent rise in ...
INDUSTRY ASSOCIATIONS:
Chambers welcome package
New Delhi, Dec 7 The stimulus package announced by the Government saw positive reactions from most sections of India Inc., with industry chambers saying the duty cuts and other sectoral incentives would help ...
POWER:
KG basin gas may help fire up AP power projects
With the Ministry of Petroleum and Natural Gas taking a decision on pricing and commercial utilisation of natural gas from the Reliance’s Krishna Godavari basin fields, about 2,000 MW of additional power generation capacity is likely to ...
SSI:
SMEs face difficulties in getting bank loans
Hyderabad, Dec. 7 Small and medium enterprises are feeling the heat of the slowdown and are facing difficulties in accessing credit from banks, according to ...
NRIS:
Kerala offers land for NRI investors
As part of its efforts to attract investments, the Kerala Government has worked out a scheme to make land in high-growth hubs in the State available to non-residents in the Gulf region for setting up ...
MINERALS:
Iron ore players hail duty cut
Bangalore, Dec. 7 With the Government bringing down the export duty of iron ore lumps to 5 per cent and fines to zero per cent, the iron ore industry expects to be more competitive in the global market. Mr Rahul Baldota, ...
MEDICAL INSTITUTIONS & HOSPITALS:
Nod for super-speciality hospital in Madurai
Madurai, Dec. 7 The Union Government has given an in-principle nod for establishing a super-speciality hospital at Madurai at a cost of Rs 150 crore, according to Mr V.K. Subburaj, State Principal ...
INDUSTRY ASSOCIATIONS:
‘Cut in fuel prices not enough’
The Tamilnadu Chamber of Commerce and Industry has urged the Union Petroleum Minister to announce further price reduction in petrol and diesel. Terming the recent announcement of a reduction in the prices of petrol and diesel by the Union ...
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