The Hindu Business Line : Wednesday, February 11, 2009

INDUSTRY & ECONOMY

ECONOMY: Govt to borrow Rs 46,000 cr more
New Delhi, Feb. 10 The Central Government will resort to an additional borrowing of Rs 46,000 crore between February 20 and March 20 to support the economy, as higher spending and lower revenues stretch its ...

EXPORTS & IMPORTS: Imported fuel supplies for nuclear stations being tied up
French supply likely for RAPS units; Russia may deliver uranium pellets. New Delhi, Feb. 10 Imported fuel supplies for the country’s starving nuclear power programme are on the horizon, which could get the indigenous atomic stations up and ...

NRIS: Slowdown may take its toll on Gulf remittances
GCC economies hit by fall in oil prices, decline in construction activity. Mumbai, Feb 10 This is a warning that the Government and banks can ill-afford to ignore. The International Monetary Fund (IMF) Managing Director, Mr Dominique ...

ECONOMY: ‘We are responding to the crisis as it impacts on us’
New Delhi, Feb. 10 The Reserve Bank of India Governor, Dr D Subbarao, has made it clear that it is not possible for the central bank to lay a roadmap of precise steps to deal with the global financial crisis that is adversely impacting the ...

EXPORTS & IMPORTS: Corn exports gather pace on Far-East, S-E Asia demand
Average cost of hiring a vessel is currently at 15-week high. Chennai, Feb. 10 Corn (maize) exports have gathered pace with demand emanating from the Far-East and South-East Asian ...

ECONOMY: Sikkim’s annual Plan finalised at Rs 1,045 cr
State lauded for performance in social sector. Gangtok, Feb. 9 The 2009-10 Annual Plan for Sikkim has been finalised at Rs 1,045 crore against Rs 852 crore in the previous ...

NRIS: UBI revises NRE, FCNR rates
United Bank of India has revised interest rates on NRE, FCNR (B)/RFC term deposits. NRE term deposit interest rates now are 3.73 per cent (3.75 per cent) for the period from one year to less than two year, 3.32 per cent (3.19 per cent ) for ...

SSI: StanChart loans for SMEs to buy biz equipment
New Delhi, Feb. 10 Standard Chartered Bank has drawn up plans to make a determined entry into providing business equipment loans to small and medium enterprises (SMEs) in the near future, Mr Shyam Srinivasan, Country Head-Consumer ...

ECONOMY: Nagaland’s annual Plan for 2009-10 pegged at Rs 1,500 cr
New Delhi, Feb. 10 The annual Plan outlay of Nagaland for 2009-10 has been pegged at Rs 1,500 crore here on Tuesday at a meeting between the Chief Minister of Nagaland, Mr Neiphiu Rio, and the Planning Commission, Deputy Chairman, Mr ...

SCIENCE & TECHNOLOGY: Govt considering independent regulator for geospatial sector
Sees prospects for capturing significant part of outsourcing market. Hyderabad, Feb. 10 The Union Government is considering bringing in a National Geospatial Data Authority Bill, which will enable users to access requisite data and promote the ...

EDUCATION: National Management School opens doors to MBA aspirants
Chennai, Feb. 10 The National Management School, set up by a team of academicians from the US, is all set to open its doors to MBA aspirants for the academic year June 2009. According to promoters of the B-school, the Chennai facility, set up ...

POWER: ‘Time for industries to make use of energy exchange’
Coimbatore, Feb. 10 It is time for industries to come on board the Indian Energy Exchange Ltd as participation of stakeholders in the power sector is increasing and the operations of the exchange ...

ECONOMIC OFFENCES: ‘A collective failure of Central agencies’
Hyderabad, Feb. 10 The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, today said it was a collective failure of central agencies and the regulator in spotting the multi-crore mega Satyam scam, even though there were some ...

RADIO/TV: SC hearing today on cable TV pricing
New Delhi, Feb. 10 The Supreme Court has listed the issue of cable TV pricing for hearing on ...

REAL ESTATE & CONSTRUCTION: Maharashtra builders seek stimulus plan
Mumbai, Feb. 10 With shrinking sales and rising inventory, the 600-member Maharashtra Chamber of Housing Industry has sought abolition of value-added tax and reduction in stamp duty and property tax, besides other facilities to ...

PHARMACEUTICALS: Wockhardt launches long acting insulin
Wockhardt has launched its version of recombinant long acting human insulin analogue, Glaritus, at a price less than the original product from innovator company Sanofi ...

PETROLEUM: Oil Ministry seeks Rs 13,000-cr bonds for Q4
New Delhi, Feb. 10 To compensate the public sector oil marketing companies (OMCs) for the revenue loss incurred on fuel sales in the fourth quarter of the current fiscal, the Petroleum Ministry has sought oil bonds of about Rs 13,000 ...

EVENTS: Meet on cancer research
Pune, Feb. 10 The Centre for Development of Advanced Computing (C-DAC), here, in collaboration with cancer – Biomedical Informatics Grid (caBIG), USA, is organising a technical event titled ‘Meet on Cancer Biomedical ...

NON-CONVENTIONAL ENERGY: Perpetuating petroleum dependency
Crude oil prices have remained highly volatile over the past year or so. After skyrocketing to $140 a barrel, they have plummeted to around $40 a barrel, thanks to global recession. With this, the Government, which has been steadfastly pursuing ...

ECONOMY: Monetary policy is not for children
In the beginning there was money but no policy. Today, it is the other way around. The change began to take place in 1913 when JP Morgan decided, after the banking crash of 1909, that it was simply too boring to keep on ...

EDUCATION: Jyothi Menon, Senior Vice-President, HR Shared Services Centre, Scope International; Vael’s Institute of Business Administration
Chennai, Feb. 10 Times are a changing in the field of human relations. HR managers today are more concerned about HR transformation within the organisation, says Ms Jyothi Menon, Senior Vice-President, HR Shared Services Centre, ...

Columnists: • B Venkatesh • C Gopinath • Bhanoji Rao • P.V. Indiresan