The Hindu Business Line : Saturday, May 23, 2009

INDUSTRY & ECONOMY

EVENTS: Manmohan begins second term
19 Ministers of Cabinet rank sworn in; Mamata, Pawar join the team. New Delhi, May 22 With the swearing in of Dr Manmohan Singh as Prime Minister and a 19-member Cabinet at the Rashtrapati Bhavan on Friday, the new Government is in the ...

ECONOMY: RBI Governor cautions Govt against more fiscal stimulus
‘…sustainability of the recovery requires returning to responsible fiscal consolidation’. Mumbai, May 22 The Reserve Bank of India Governor, Dr D. Subbarao, has cautioned the new Government that another fiscal stimulus package ...

PSU: Delhi HC dismisses Nokia Siemens’ appeal
Option open for Finnish co to move courts in 4 zones. New Delhi, May 22 The Delhi High Court today dismissed a petition filed by Nokia Siemens Networks (NSN) seeking a stay in the tendering process of state-run telecom ...

EXPORTS & IMPORTS: EU rejects Indian seafood shipments
Nitrofuran, cadmium presence above norms. Kochi, May 22 The European Union has rejected three shrimp export consignments from Sri Lanka and one each from India and Bangladesh for the presence of the metabolite nitrofuran above the prescribed ...

EXPORTS & IMPORTS: Helping hand for exporters
Giving the exports sector a leg up will be one of the major responsibilities of the new UPA Government. Exports fell by as much as 33 per cent in April, the seventh consecutive month that it has fallen. The decline is expected to continue for ...

HEALTH: Wanted: Safe hands for Health Ministry
Don’t make the Health Ministry “tradeable”, pleads a senior bureaucrat at the Centre, as the Congress and the DMK haggle over ministries even on swearing-in day. The fear is that the Health Ministry will once again ...

PETROLEUM: Oil offshore service providers in limelight
Recovery in economy, firm crude price buoy sentiment. Mumbai, May 22 With close to 50 per cent rise in crude oil price since early March, the share price of offshore service providers to oil and gas exploration companies have moved up sharply ...

NON-CONVENTIONAL ENERGY: Wind power generation in TN exceeds monthly target
Industry awaits implementation of TNERC order. Chennai, May 21 Generation of electricity from wind mills in Tamil Nadu exceeded the State’s target for May, a full ten days before the close of ...

REAL ESTATE & CONSTRUCTION: Realty slowdown arrests multiplex expansion plans
Mumbai, May 22 The slowdown in the real estate sector has hit expansion plans of multiplex chains, with most operators cutting back on planned capacity by 20-25 ...

TAXATION: Upfront service tax exemption for services provided in SEZs
The Finance Ministry has restored the upfront service tax exemption on services availed by SEZ developers/units within the special economic zones ...

TOURISM: Kerala Tourism’s Web initiative
Thiruvananthapuram, May 22 For several years now, Kerala Tourism’s Web site has had an ‘event calendar’ to help tourists keep tabs on various important festivals and other events in the State. Now, Kerala Tourism is working ...

EXPORTS & IMPORTS: Import of sensitive items up 28% in 2008-09
New Delhi, May 22 Even as India’s imports grew by a hefty 29 per cent in dollar terms in 2008-09, its sensitive items imports too kept up traction by logging a growth of close to 28 per cent in ...

SOCIAL SECURITY: Single commissionerate for social security in AP
A single commissionerate of social security to look after the implementation of various schemes will be formed by ...

GEMS & JEWELLERY: Difficult to make hallmarking of gold jewellery mandatory
It is difficult to make the hallmarking of gold jewellery mandatory across the country due to insufficient number of certification centres and lack of infrastructure, according to Mr M.K. Roy, Deputy Director General, Bureau of Indian ...

EXCISE AND CUSTOMS: Exim trade protests over new customs inspection routine at Kochi
A change in customs inspection procedure has resulted in containers piling up on the wharf of the Kochi port, say sources in the customs house agents industry. The earlier system only required containers, randomly selected by the authorities, ...

EVENTS: Hotel and bakery equipment expo begins in Kochi
Kochi, May 22 Mr T.O. Sooraj, Director, State Industries Department, inaugurated the three-day HotelTech 2009, Kerala’s premier hotel and bakery equipment exhibition here at the Jawaharlal Nehru International ...

FOREIGN TRADE: Amsterdam authorities release Ind-Swift exports
Mumbai, May 22 Diplomacy and legal channels have helped the Chandigarh-based Ind-Swift get its export consignment released from customs authorities in Amsterdam, about six months after it was ...

EVENTS: Sangam 2009
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TOURISM: Verdant valley
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TOURISM: Gateway of India
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POWER: KSEB nod for three hydel projects
The Kerala State Electricity Board (KSEB) has given administrative sanction for three new hydro-electric projects in ...

REAL ESTATE & CONSTRUCTION: Naiknavare launches service apartments in Pune
Pune, May 22 Service apartments are effective in de-risking the realty and property business, and can yield returns of investment between 8 and 11 per cent per annum, according to Mr Hemant Naiknavare, Director, ...

ECONOMIC OFFENCES: RIL-RPL merger: 2 held on extortion charge
Ahmedabad, May 22 The Crime Branch of Police arrested two professionals here on the charge of trying to extort Rs 50 lakh from Reliance Industries Ltd (RIL) on Reliance Petroleum’s merger issue. Following a complaint from RIL, the ...

SCIENCE & TECHNOLOGY: Science City to screen ‘Living Sea’
Science City will commence public screening of the film, The Living Sea, from May 23, according to a press release issued by ...

EDUCATION: Maj. Gen. (Retd) Jose Manavalan, Chief Administrative Officer, Frontier Lifeline Hospital; GKM College
Chennai, May 22 Not everybody is born with leadership qualities.While a few may have leadership qualities in them, others may have to polish their abilities to break ahead. Yet others learn from the many failures that the challenges of life ...