The Hindu Business Line : Tuesday, January 06, 2009

INDUSTRY & ECONOMY

PETROLEUM: Government talks tough with oil officers’ body threatening stir
New Delhi, Jan. 5 With attempts to initiate a dialogue with the Oil Sector Officers’ Association (OSOA) – which has threatened to go on strike from Wednesday demanding higher wages – yielding no results, the Government ...

KNITWEAR & HOSIERY: Garment exporters in Tirupur feel the heat of US slump
New orders come to a halt. Coimbatore, Jan. 5 Knitwear garment exporters in Tirupur are in a fix, caught between not getting any support from the Government’s second stimulus package and orders literally ...

AUTOMOBILE COMPONENTS: Auto component cos multi task assembly line workers
New Delhi, Jan. 5 Multi tasking of assembly line workers is fast becoming the order of the day for auto component companies trying to tide over the present ...

ECONOMY: Autonomous debt management office may not take off for now
Panel moots a middle office within the Finance Ministry. New Delhi, Jan. 5 An autonomous debt management office (DMO) to manage the country’s public debt may not come into being for the next few ...

INFRASTRUCTURE: USEL to invest Rs 50,000 cr in Gujarat in partnership with Salim Group
Investments likely in SEZs, ports, power sectors. Ahmedabad, Jan. 5 The Singapore-based Universal Success Enterprises Ltd (USEL) has chalked out plans to invest Rs 50,000 crore in Gujarat in the next 10 years in partnership with ...

PSU: Stimulus assistance to State transport bodies welcomed
Around 30,000 State buses in need of replacement. Chennai, Jan. 5 The funding assistance to State Transport Undertakings, promised in the recent ‘stimulus package’, has been hailed as a measure that is timely and useful, as it comes ...

INDUSTRY ASSOCIATIONS: CII wants overhaul of strategy on energy security
New Delhi, Jan. 5 The Confederation of Indian Industry (CII) wants the country’s diplomatic policy tuned to its energy ...

INFRASTRUCTURE: Gujarat to encourage setting up of mega projects
Ahmedabad, Jan. 5 A week before it launches its mega-buck exercise, “Vibrant Gujarat Global Investors’ Summit 2009”, scheduled to be held here on January 12 and 13, the State Government on Monday announced to encourage ...

TAXATION: Govt gives service tax exemption on certain GTA services
AIMTC not fully satisfied. New Delhi, Jan. 5 Even as the Government partially bowed to AIMTC demands on service tax, the transporters strike is all set to enter the second day. The agitating transporters are not fully satisfied with the Finance ...

EDUCATION: Pre-paid cards for e-tuitions at local shops
EXTRAMARKS GETS ‘SMART’. New Delhi, Jan. 5 After mobile and television recharge coupons, it is now a recharge coupon for online ...

EVENTS: Centenary celebrations
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POWER: Karnataka, BHEL speed up 3 power projects
Bangalore, Jan. 5 In a bid to speed up the capacity to meet the steep demand for energy, the Karnataka Government has advanced the development of three power projects (of 660 MW each) in collaboration with the Bharat Heavy Electricals during ...

REAL ESTATE & CONSTRUCTION: AP to build over 25 lakh houses
Hyderabad, Jan 5 The Andhra Pradesh Government will spend Rs 8,025 crore in building over 25 lakh houses under the third phase of Indiramma ...

INDUSTRY ASSOCIATIONS: Port, dock workers seek wage revision every 5 years
Kochi, Jan. 5 The port and dock workers federations, which had served a strike notice to the Government demanding early wage settlement, have jointly appealed to the Shipping Minister to take a decision for five years periodicity of wage ...

INDUSTRY ASSOCIATIONS: ‘The second stimulus package is general in nature’
Madurai, Jan. 5 The Centre’s second stimulus package is proactive and efficacious but stimulants are needed for small and medium industries and agricultural, the Tamilnadu Chamber of Commerce and ...

SSI: IDBI Bank cuts rates on MSME loans
Mumbai: IDBI Bank on Monday announced a slew of measures to boost flow of credit to Micro, Small and Medium Enterprises ...