The Hindu Business Line : Saturday, June 20, 2009

INDUSTRY & ECONOMY

MINERALS: CPA Global’s India arm to handle legal work of Rio Tinto
20% cost savings for miner. New Delhi, June 19 The UK-based mining company Rio Tinto has entered into a legal services outsourcing agreement with CPA Global, which is projected to save the company up to 20 per cent annually in legal ...

ECONOMY: Households continue to feel the inflation pinch
Prices of essential items still show double digit rise. New Delhi, June 19 Headline inflation may have turned negative, but households continue to feel ...

DISINVESTMENT: Govt looking at proposal to divest 10% in BHEL
New Delhi, June 19 The Government is considering the proposal to divest 10 per cent stake in Bharat Heavy Electricals Ltd, the Minister for Heavy Industries and Public Enterprises, Mr Vilasrao Deshmukh said on Friday in response to a ...

BIO-TECH & GENETICS: Scientists hope to bring Omega 3 back into food chain
RESTORING BALANCE. Pune, June 19 Scientists at the Pune-based Interactive Research School for Health Affairs (IRSHA) have identified and isolated the gene that produces Omega 3 in flaxseed, one of the richest natural sources of the fatty acid, ...

ECONOMY: Is global co-ordination more rhetoric than reality?
The recently concluded G- 20 summit has brought to the fore certain long overdue reforms in the area of global macroeconomic coordination, a new concept which is not new. It has been invoked in the past mainly to serve three distinct ...

PETROLEUM: GSPC submits plan to develop KG-8 gas
Development plan likely to cost $1.7 billion. Kolkata, June 19 Gujarat State Petroleum Corporation (GSPC) has submitted a $1.7-billion (approximately Rs 8,150 crore) plan for development of KG-8 gas discovery in the western part of the KG basin ...

NON-CONVENTIONAL ENERGY: Capital subsidy sought for units making solar PV products
Hyderabad, June 19 The Indian Semiconductor Association (ISA) has recommended that incentives in the form of capital subsidy on the lines specified under the Semiconductor Policy be made available to larger number of units engaged in ...

BUDGET: Misapplication of surcharge and cess
As Budget 2009-10 approaches, the Finance Ministry is being flooded with wish-lists, asking for as many concessions, exemptions and deductions as possible. In the process, the important aspects such as improving implementation of ...

TEXTILES: Sops likely for textile industry in Budget
Mumbai, June 19 The textile industry, which is reeling under the impact of high cotton prices and recessionary trend in the global markets, hopes to get financial concession from the Budget to be presented Finance Minister Mr Pranab Mukherjee ...

NON-CONVENTIONAL ENERGY: Full support for renewable energy sector assured
Chennai, June 19 The Ministry of New and Renewable Energy was for the continuation of existing incentives to the wind energy sector even after the introduction of generation-based incentives, said the Union Minister for New and Renewable ...

RADIO/TV: A Headend in the Sky policy soon
New Delhi, June 19 The pending Headend in the Sky (HITS) policy will be considered by the Cabinet soon, according to the Ministry of Information and ...

CEMENT: Asbestos can’t be banned on health grounds: HIL chief
Hyderabad, June 19 The use of asbestos in cement product manufacturing is being targeted by some global groups for “wrong” reasons, according to Mr Abhaya Shankar, Managing Director, Hyderabad Industries ...

POWER: Centre clears 100-MW gas project in Tripura
New Delhi, June 19 The Centre has cleared the implementation of a 100 MW gas-based power project in ...

INFRASTRUCTURE: 224 infra projects in PPP mode
Bangalore, June 19 The Karnataka Government is involved in 224 infrastructure projects in the public-private partnership (PPP) mode, said Mr V. Madhu, Principal Secretary, Infrastructure Development ...

HEALTH: Fixation with hospitalisation
Both the income-tax regime and the insurance industry are guilty of equating healthcare with hospitalisation. Section 17 of the Income-Tax Act, 1961 loosens its purse strings almost in a no-holds-barred manner by exempting from tax the ...

INCOME TAX: Call to raise I-T exemption limit
Madurai, June 19 The Tamil Nadu Chamber of Commerce and Industry, while seeking an increase in the threshold limit for individuals in income-tax, has sought the withdrawal of surcharges, cess and Fringe ...

FOREIGN DIRECT INVESTMENT: Italian investors urged to look beyond IT
Bangalore, June 19 The Karnataka Government has urged Italian investors to look beyond Bangalore’s potential as an information technology hub and appreciate its strengths as a centre of aerospace and precision engineering, while ...

EDUCATION: Releasing blueprint
...

FOREIGN DIRECT INVESTMENT: Ireland seeks to woo Indian firms for near shore centres
Hyderabad, June 19 The Irish Development Authority (IDA), Ireland, is seeking to woo Indian firms in sectors such as technology, life sciences and financial services to make it a regional hub to serve the European ...

INFRASTRUCTURE: Limitless plan among SEZs approved
New Delhi, June 19 The Board of Approval (BoA) for Special Economic Zones on Friday granted two formal approvals and one in-principle nod for setting up of IT/ITeS and Multi Service SEZs in West Bengal, Andhra Pradesh and ...

COURTS/LEGAL ISSUES: SAT members’ upper age limit at 65 now
New Delhi, June 19 The Union Cabinet has given its nod for raising the upper age limit of the members of the securities appellate tribunal (SAT) to 65 years from the current level of ...

EDUCATION: CII to partner education fair
...

FOREIGN TRADE: ICC offers help to Bhutan
Indian Chamber of Commerce will provide any assistance which could be useful for economic development of Bhutan, particularly in sectors such as education, health, agriculture and tourism. This was stated by Mr Sanjay Budhia, President of ...

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