The Hindu Business Line : Wednesday, June 10, 2009

INDUSTRY & ECONOMY

SOCIAL SECURITY: SBI sees surge in New Pension Scheme collections
95% of total mop-up came in the last one week. SBI Pension Fund appears to have raced ahead of its competitors, collecting over Rs 25 lakh under the new ...

ECONOMY: Manmohan says 8-9% GDP growth achievable
New Delhi, June 9 The Prime Minister, Dr Manmohan Singh, has said the Indian economy could achieve growth rate of 8-9 per cent even if the world economy did not do ...

DISINVESTMENT: Buyers find PSU stocks attractive on divestment hopes
Kolkata, June 9 PSU stocks witnessed targeted buying as market expected fresh Government initiative for ...

FERTILISERS: Switchover to gas helps urea units cut production costs
Shift from naphtha helps halve feedstock prices. New Delhi, June 9 Natural gas supplies from Reliance Industries’ Krishna Godavari-D6 fields have virtually halved the feedstock costs (for a tonne) for fertiliser units hitherto running ...

ECONOMY: Aiding growth
Employment data put out by the Government may not accurately indicate the overall job additions or attrition in this country; yet, they can offer a glimpse of the confidence levels that employers might have about market prospects in the short ...

POWER: Kolkata reels under power crisis
Politics over land takes its toll on creating transmission infrastructure. Kolkata reeled under heavy power cut since early morning on Tuesday following the shutdown of a 250 MW unit of CESC Ltd, the private power utility, at Budge Budge. The ...

POWER: TNEB stops power purchase from PPN, other States
Chennai, June 9 At a time when the industry in Tamil Nadu is reeling under shortage of power, an independent power producer in the State has had to suspend operations because the Tamil Nadu Electricity Board has stopped buying ...

POWER: Tata Power sees revenues from power trading rising
Increase in merchant generation capacity. Chennai, June 9 Tata Power Company sees revenues from its power trading business increasing with more merchant power generating capacity ...

TAXATION: Karnataka to improve revenue collections
Central transfers to be lower this year due to stimulus package. Bangalore, June 9 To offset shortfalls in Central tax transfers, the Karnataka Government has stepped up efforts to enhance tax collections from the ...

ECONOMY: Test the quality of govt spending
With 5.3 per cent growth in the latest released data, India seems to have weathered the global financial and economic storm pretty successfully. Concurrent indicators are also positive — direct tax collections are up (if modestly ...

ENVIRONMENT: New Coastal Regulatory Zone rules by mid-July: Jairam Ramesh
Bangalore, June 9 A new set of Coastal Regulatory Zone (CRZ) rules will be issued by July 16. This was stated by the Union Minister for Environment and Forests (MoEF), Mr Jairam Ramesh, here on Tuesday, at a meeting of officials of ...

EDUCATION: Airlines, travel companies woo students going abroad with sops
Packages include free talk-time, global Internet roaming. Mumbai, June 9 The recent attacks on Indian students in Australia could have raised the hackles of people back home but it does not seem to have impacted the trend when it comes to ...

EXPORTS & IMPORTS: Boost export infrastructure, Govt urged
Govt shutting its eyes to problems, charges report of House panel. New Delhi, June 9 A Standing Parliamentary Committee on Commerce has asked the Government to shun “its policy of infinite slumber and aloofness” and address the ...

ECONOMY: Slow global recovery, high oil prices may hit India: S&P
Mumbai, June 9 A slower pace of global economic recovery and higher oil prices might slow India’s economy, said a report by Standard & Poor’s released ...

CEMENT: Demand for cement tapers off in May
Mumbai, June 9 The robust growth in cement production and despatches of about 50 companies have tapered off in May on a sequential ...

INFRASTRUCTURE: Highway developers seek faster redressal mechanism
New Delhi, June 9 In a meeting with the Minister of Road Transport and Highways, Mr Kamal Nath, highway developers on Monday discussed several issues relating to the pending arbitration cases, finalisation of bill payments (in variation) ...

POWER: KSK Energy Ventures to hike Wardha Chhattisgarh capacity
Hyderabad, June 9 KSK Energy Ventures Ltd has decided to increase the size of the Wardha Chhattisgarh project from 1,800 MW initially proposed to 3,600 ...

EDUCATION: Vocad to set up more training schools
Kolkata, June 9 Vocad —Vocational Academy, a joint initiative of Collabrant Group and Strive (an incubation of IFMR Trust) plans to set up 12 more vocational training schools, primarily in the semi-urban and rural parts of the country, ...

EXPORTS & IMPORTS: Tea exports continue to fall
Chennai, June 9 Tea exports continued to decline, while production dropped 17 per cent in April compared with the same period a ...

TOURISM: Unique destinations, specialty resorts shrug off recession
Even as the developed world continues to be in the grip of recession, unique tourist destinations and specialty resorts continue to attract bookings and have tempered the slowdown in the Indian tourism ...

EXPORTS & IMPORTS: US-bound Indian mangoes to set sail on Friday
DETERMINING COMPETITIVENESS. Pune, June 9 Indian mangoes bound for the US are set for their maiden voyage with the Agricultural and Processed Food Products’ Export Development Authority (APEDA) preparing to test the sea protocol at the ...

RURAL DEVELOPMENT: 83% hike in Central funds for rural job scheme in Sikkim
Gangtok, June 9 The Union Ministry for Rural Development has allowed an 83 per cent hike in Central funds for National Rural Employment Guarantee scheme works in Sikkim for 2009-10, according to an official release from the State ...

AUTOMOBILES: May sales remain dull for commercial vehicles
Bangalore, June 9 The economy witnessing a minor recovery, following the stimulus package, has failed to help the commercial vehicles’ sector, which continued dismal sales performance in ...

AUTOMOBILES: May sales remain dull for commercial vehicles
Bangalore, June 9 The economy witnessing a minor recovery, following the stimulus package, has failed to help the commercial vehicles’ sector, which continued dismal sales performance in ...

ECONOMIC OFFENCES: Sheetal Mafatlal granted bail
Mumbai, June 9 NRI entrepreneur Ms Sheetal Mafatlal was granted bail on Tuesday by the court of the Additional Chief Metropolitan Magistrate in the case relating to customs duty evasion. She has been asked to deposit Rs 5 lakh as surety and ...

HOTELS: Staying on
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CLIMATE & WEATHER: Rain-soaked meadows
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FOREIGN DIRECT INVESTMENT: Kingfisher Airlines denies exceeding FDI ceiling
New Delhi, June 9 Kingfisher Airlines has denied exceeding the foreign direct investment ceiling of 49 per cent which exists in the civil aviation ...

HEALTH: Travel advisory likely over flu
Hyderabad, June 9 The Union Health Ministry will urge the External Affairs Ministry to consider issuing travel advisories to some select countries from where cases of swine flu have been ...

ANTI-DUMPING: Final safeguard duty mooted on aluminium flat rolled products, foils
The country’s safeguard authority has recommended final safeguard duty on imports of aluminium flat rolled products (FRPs) and aluminium ...

ENVIRONMENT: Citizen partners Eco Watch to make Earth greener
Bangalore, June 9 Japanese watchmaker Citizen has partnered with Eco Watch, a non-governmental organisation, to reduce plastic ...