The Hindu Business Line : Wednesday, March 25, 2009

INDUSTRY & ECONOMY

ECONOMY: Obama bets on ‘toxic’ asset plan
The long-awaited Obama administration’s plan to rid banks of their ‘toxic’ assets was announced on Monday. The gist is that a public-private partnership will be established to acquire loans and securities from banks through ...

WTO: WTO foresees 9% fall in global trade in 2009
Protectionism will hinder recovery efforts, cautions Lamy. New Delhi, March 24 India’s hopes of a short-lived global economic slowdown and the attendant contraction of overseas demand for its exports were belied with the World Trade ...

INDUSTRY ASSOCIATIONS: SIAM to start road trials of hydrogen blended CNG vehicles in 2 months
Indian Oil sets up hydrogen station for trials. New Delhi, March 24 The Society of Indian Automobile Manufacturers Association will start pilot tests of hydrogen blended compressed natural gas fuel vehicles in one to two ...

INFRASTRUCTURE: Patel Engg bags Rs 799-cr order
Infrastructure construction company Patel Engineering has bagged a Rs 799-crore order for tunnelling work from the Narmada Valley Development Authority. The work involves completing the Sleemanabad Carrier Canal (Bargi right bank canal) of the ...

EDUCATION: ‘Give concession on education loans’
Birla Institute of Management and Technology has urged the Government to give concession to students in repayment of educational loans. “BIMTECH, has suggested lengthening the moratorium period on educational loans to 24 months after ...

IPR: Programme on innovations
An awareness programme for entrepreneurs on fostering innovations for a better society will be held in the city on Friday, March 27 at Maditssia Hall between 5 p.m. and 7 p.m. The programme would focus on bringing about an understanding of ...

ENVIRONMENT: Earth Hour to be held on March 28
Earth Hour 2009, the international movement organised by WWF to express voice against the increasing perils of global warming, will be held here on March 28. The event, to be held in more than 1,000 cities spread over 75 plus countries, will ...

EXCISE AND CUSTOMS: Notification on zero duty on soya oil imports issued
New Delhi, March 24 The Finance Ministry on Tuesday scrapped customs duty on crude soyabean oil. “A notificiation to this effect has been issued today,” a spokesperson for the Central Board of Excise and Customs ...

ECONOMY: ‘GDP growth rate to be 4.8-5.5% in 2009-10’
Global slowdown has dealt severe blow: ICRIER. New Delhi, March 24 The country’s GDP growth rate for 2009-10 might be in the range of 4.8 to 5.5 per cent, the Indian Council for Research on International Economic Relations (ICRIER) has ...

MANAGEMENT: ‘Morality is an integral part of leadership’
India must become home to 30 of Fortune 100 cos, says C.K. Prahalad. Chennai, March 24 India must acquire enough economic strength, technological vitality and moral leadership, to actively shape the emerging world order. Just economic strength ...

EDUCATION: Oxford plans executive education in India
New Delhi, March 24 Oxford University’s Said Business School is looking to offer executive education programmes to Indian entrepreneurs and executives from 2010 or ...

EVENTS: Cabinet Secy, bank chiefs meeting likely on April 2
New Delhi, March 24 The Cabinet Secretary, Mr K.M. Chandrasekhar, is likely to meet select chief executives of banks on April 2 to discuss issues of credit flow to the industry and ...

COURTS/LEGAL ISSUES: Daily ‘batta’ not part of minimum wages, rules HC
Chennai, March 24 Inclusion of ‘collection batta’ for purposes of computing minimum wage payable to workers under the Minimum Wages Act, 1948 was illegal, the Madras High Court has ...

PETROLEUM: Winners of city gas projects to be decided by month end
New Delhi, March 24 The winners of the recently called bids for city gas projects will be decided by end March, the Chairman of Petroleum & Natural Gas Regulatory Board, Mr L. ...

EVENTS: Meet on impact of recession
A topical seminar on ‘Impact of recession’ is being organised by the Business Line Club at the Loyola Academy on Thursday at 10.30 a.m. The inter collegiate seminar being sponsored by the telecom services major Tata Teleservices ...

STEEL: JSW Steel opens more retail outlets
JSW Steel has opened one exclusive steel retail outlet in Hyderabad and three such showrooms in West Bengal in association with its authorised distributors. The showrooms in West Bengal are in Kolkata, Maldah and Sainthia. JSW said plans were on ...

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