The Hindu Business Line : Saturday, January 03, 2009

INDUSTRY & ECONOMY

ECONOMY: RBI cuts key rates further
Repo, reverse repo trimmed by 100 bps each, CRR by 50 bps. Mumbai, Jan. 2 The Reserve Bank of India on Friday cut its key rates — repo and reverse repo by one percentage point each and dropped Cash Reserve Ratio by half a percentage point ...

ECONOMY: Analysts see execution as key to stimulus success
‘Rate cuts will have positive effect on markets’. Mumbai, Jan. 2 Execution of the stimulus package will be crucial, said market participants on Friday, when the Centre announced the much-awaited second ...

ECONOMY: Exporters get second stimulus package
To get pre-, post-shipment credit; DEPB rates at pre-Nov levels. New Delhi, Jan. 2 With the country’s exports growth plummeting for the second month in succession in November 2008, the Government has announced a series of measures ...

POWER: KSEB projects revenue gap of Rs 1,099 cr in 2009-10
Net revenue requirement put at Rs 5,622 cr for the current year. Thiruvananthapuram, Jan. 2 The Kerala State Electricity Board (KSEB) has projected a revenue gap of Rs 1,099.28 crore ...

CLIMATE & WEATHER: Kolkata airport may see more flight disruptions due to fog
Kolkata, Jan 2 Fog-related disruptions of flights may intensify at the Kolkata Airport till the middle of February as the western disturbances may worsen weather conditions, sources from the Aerodrome Meteorological Office (AMO) told ...

CINEMA: There will be fewer entries at Cannes this year
Ad agencies tighten purse strings to cut costs. New Delhi, Jan. 2 At about Rs 44,000 (€620) for Film Lions and about Rs 25,000 (€350) for an Outdoor Lions, entering events for advertising awards will be a luxury for agencies in the ...

ECONOMY: Second stimulus package will be a big boost to economy: FICCI
Mumbai Jan. 2 Industry bodies and corporate houses have responded positively to the second stimulus package, hoping that it would boost the economy and ...

EDUCATION: Secondary education scheme
The Cabinet Committee on Economic Affairs has approved the implementation of a centrally sponsored scheme to universalise access to and improve quality of education at Secondary stage, called Rashtriya Madhyamik Shiksha Abhiyan during the ...

CEMENT: Cement industry hails move, but asks for more steps
Mumbai, Jan. 2 The cement industry on Friday welcomed the second stimulus package, though it felt that the Government could have offered a better deal for ...

FOREIGN TRADE: Widening trade deficit
Various data on external trade and capital flows for the April to November period point to some disquieting trends over the remaining part of the current fiscal. Exports declined 10 per cent in November compared to the previous year; this ...

KNITWEAR & HOSIERY: Tirupur exporters disappointed
Coimbatore, Jan. 2 The Tirupur Exporters Association has expressed disappointment with the second ...

CLIMATE & WEATHER: Watching seagulls
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SCIENCE & TECHNOLOGY: CSL carries out seismic survey vessel conversion
Kochi, Jan. 2 The first project for conversion of a fishing vessel into a seismic survey vessel was successfully completed in Cochin Shipyard Ltd (CSL). The work was completed seven days ahead of schedule to the full satisfaction of the ...

STEEL: TMT bars comes under countervailing duty
New Delhi, Jan. 2 The Government today ended the benefit of exemption from countervailing duty on import of thermo-mechanically treated (TMT) bars and structurals in the second economic stimulus package. TMT bars and structurals imports will ...

SSI: CII sees need for specific additional measures for SMEs
New Delhi, Jan. 2 The Industry has welcomed the second stimulus package but wants a ...

AUTOMOBILES: Mixed response from auto sector
New Delhi, Jan. 2 The Government’s measures to revive the sagging commercial vehicle sales as a part of the second fiscal stimulus package has been greeted with a mixed response from ...

HUMAN RESOURCES: Ministerial panel to examine oil execs wage issue
New Delhi, Jan. 2 The Government on Friday has constituted a Ministerial panel to look into the demands for higher wages made by the oil sector ...