The Hindu Business Line : Saturday, February 21, 2009

INDUSTRY & ECONOMY

REGULATORY BODIES & RULINGS: Maytas Infra given more time to reply
New Delhi, Feb 20 The Company Law Board has given Maytas Infra Ltd, promoted by the family of Mr B. Ramalinga Raju, additional time till February 26 to submit its reply. The CLB was to hear, on February 24, an application moved by the ...

GEMS & JEWELLERY: Long queues outside jewellery shops, now to sell
GOLD RUSH. Mumbai, Feb. 20 People have found a golden opportunity in the sharp rise in bullion prices. Even as gold jewellery buyers seem to have almost vanished in thin air, there are long queues outside jewellery shops which buy back old ...

ECONOMY: India, New Zealand to begin talks on FTA soon
If duty free pact was finalised, first phase cut would begin in June. New Delhi, Feb. 20 India and New Zealand would kick start negotiations soon to give an early impetus to the process of Free Trade Agreement (FTA) — as the joint study ...

PETROLEUM: ‘Fares may be cut if aviation fuel gets declared goods status’
No proposal to cut staff strength: Jet Air chief Naresh Goyal. Mumbai, Feb 20 Aviation sector has run into turbulent weather with the global economic meltdown. The load factor (passenger occupancy) on both the domestic and international routes ...

ECONOMY: Stimulus, waiver packages announced
A Rs 10,000-crore State-specific ‘stimulus’ package, sector-wise ‘waivers’ and a slew of social welfare measures provided the corner stones of the 2009-10 Kerala Budget announced on ...

EVENTS: Companies see benefits of team work to navigate crisis
Investing in honing employee skills; customer retention a key focus. Chennai, Feb. 20 Whether it is Caterpillar Inc, a manufacturer with a presence in 50 countries, Thermax Ltd, a leader in the domestic market, or Consolidated Construction ...

STANDARDS & BENCHMARKS: US-India standards programme
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BUDGET: TN planters disappointed
The Planters’ Association of Tamil Nadu, while welcoming the State Government’s Budget announcement on reduction in land revenue rate and abolition of local cess and the surcharge thereon, was disappointed that the issue on dichotomy ...

ECONOMY: Pranab sees protectionist trend in developed world
New Delhi, Feb. 20 India will oppose the protectionist measures that have been built into the economic stimulus packages rolled out by certain advanced countries. This was stated by the Finance Minister, Mr Pranab Mukherjee, at the 42nd ...

INFRASTRUCTURE: AP cancels Rs 1,065-cr project awarded to NCC
The Andhra Pradesh Government has cancelled a Rs 1,065-crore contract for development of multi utility Andhra Pradesh international centre in New Delhi, awarded to the consortium, headed by Nagarjuna Construction ...

ECONOMY: Fiscal deficit not a major problem, says expert
Sceptical about large-scale investments in the near term. Chennai, Feb. 20 Fiscal deficit, which is expected to be 10 per cent of the country’s GDP this year and 8 per cent in the next, may not have much of deleterious consequences, feels ...

AUTOMOBILES: Slowdown to make auto industry leaner, say experts
Chennai, Feb. 20 The impact of global meltdown on the Indian industries is going to make the auto industry leaner, feel industry experts. Speaking at a conference on Impact of Global Meltdown on Indian Economy, organised by the Confederation ...

CLIMATE & WEATHER: Climate change
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EMPLOYMENT: Job situation in India encouraging despite downturn: Survey
Bangalore, Feb. 20 First the bad news: For the first time in six years, the country’s white collar workers will experience single digit pay hikes this ...

NON-CONVENTIONAL ENERGY: Tata Power to generate 25% of output from green sources
Mumbai, Feb. 20 In the next 10 years, Tata Power Company Ltd plans to produce 25 per cent of its total power output from renewable energy ...

REGULATORY BODIES & RULINGS: Foreign equity in domestic insurance cos cannot exceed 26%: IRDA
Hyderabad, Feb. 20 The Insurance Regulatory and Development Authority has clarified that the equity held by a foreign company in domestic insurance companies cannot exceed 26 per cent as laid down in the IRDA (Registration of Indian ...

BUDGET: Yeddyurappa presents surplus Budget
Faced with economic slowdown, the Karnataka Government presented a Budget with few new revenue raising proposals for 2009-10. The State has resorted to cutting revenue spending in social services, trying to maintain a revenue surplus ...

MEDICAL & SURGICAL EQUIPMENTS: Plans to check imported medical devices
New Delhi, Feb. 20 In a bid to check import of substandard medical devices, the Government has said it was planning to put in place a regulatory mechanism to keep an eye on manufacturers of medical ...

BUDGET: No new taxes in Kerala budget
With no proposal to levy any new taxes or to increase the existing tax rates, the emphasis in the Kerala budget for 2009-10 is on resorting to non-tax revenue sources for raising ...

BUDGET: Chambers disappointed
Bangalore, Feb.2 0 The industry and trade bodies felt that the Karnataka Government should have announced measures to stimulate ...

ECONOMY: ‘Economic growth may pick up in second half of 2009-10’
Mumbai, Feb. 20 The Indian economy should grow at more than 7 per cent in the financial year 2009-10, said Dr Suresh Tendulkar, Chairman, Economic Advisory Council to the ...

POWER: NTPC suspends work at Loharinag-Pala project
New Delhi, Feb. 20 State-run NTPC Ltd on Friday said that work on its 600 MW Loharinag-Pala Barrage Project on the Bhagirathi river has been suspended in the wake of protests by environmentalist and former IIT professor Mr G.D. ...

ECONOMY: ‘Strong govt needed in times of difficulty’
As the country continues to be battered by global recession and economic turmoil, the forthcoming general elections could prove a litmus test for its polity and economy, Mr C.J. George, Managing Director of Geojit Financial Services, said. ...