The Hindu Business Line : Friday, June 26, 2009

INDUSTRY & ECONOMY

WATER: Hydel generation could trip as reservoir levels drop
Deficient rainfall forecast causing concern. New Delhi, June 25 A majority of the country’s key hydro reservoirs are precariously close to their minimum draw down ...

ECONOMY: Nilekani to head Govt’s unique identification project
New Delhi, June 25 Mr Nandan Nilekani, co-chairman of Infosys Technologies, has been appointed by the Government to head a newly created authority that will supervise the creation of a unique identification database of the ...

FERTILISERS: Centre may pass on subsidy gains to urea producers
New Pricing Scheme for indigenous urea units amended. New Delhi, June 25 With its fertiliser subsidy bill slated to more than halve to around Rs 60,000 crore this fiscal, the Centre is seemingly in a mood to pass on some of the gains to domestic ...

TEXTILES: Maran wants textile industry to diversify into new products
To encourage foreign investments to bolster domestic manufacturing. New Delhi, June 25 The age-old Indian textile industry, hobbled by different lobbies from within “trying to monopolise the situation and capitalise”, should better ...

PETROLEUM: GAIL plans 2 pipeline projects
To invest Rs 7,600 crore. Bangalore, June 24 The board of the public sector GAIL (India) Ltd has approved a Rs 7,600-crore investment for two pipeline projects linking Karnataka to the National ...

ECONOMY: ‘Economy on recovery path’
There are some signs of recovery from economic slowdown in India, according to Dr Shyamal Roy, Professor of Economics, Indian Institute of ...

EXPORTS & IMPORTS: DEA calls for simplifying tax structures
New Delhi, June 25 Aimed at putting the country’s exports back on track, the Delhi Exporters’ Association has sought certain measures from the Government which includes streamlining the ...

BUDGET: Farm sector needs comprehensive package for dynamic growth
With the hope of economic recovery riding strong on the wave of a stable government, industry is looking forward to a favorable Budget. The growth of the agriculture sector has been constant over many years at 2.5 per cent to infuse ...

CLIMATE & WEATHER: Delayed monsoon could change the weather for FMCG stocks: Analysts
Kolkata, June 25 Listed FMCG companies have not so far been affected by delayed monsoon. On the contrary, some of the players have seen summer sales of their seasonal products zoom. However, FMCG analysts and the marketers feel that ...

ECONOMY: ‘Recession is best time to learn’
Coimbatore, June 25 Economic recession is the best time to hold industry exhibitions since it is the time for learning and it is the time for manufacturers to look inwards and for ways to improve efficiency, according to Mr V. Sundarrajulu, ...

EXPORTS & IMPORTS: Steel imports surpass last year’s volumes only since April, says Rastogi
New Delhi, June 25 While the steel industry has been demanding fiscal measures against cheaper imports, it is only since April that imports have surpassed last year’s volumes. And China only accounts for 1.36 per cent of the ...

EDUCATION: Licence raj in higher education must go: Prof Basu
Dissent note on Yash Pal panel report. New Delhi, June 25 Dr Kaushik Basu, Professor of Economics at Cornell University and Member of the Yash Pal Committee on reforming higher education in India, has submitted a strong dissent note on the ...

MEDICAL INSTITUTIONS & HOSPITALS: Bangalore hospitals, big power guzzlers
Bangalore hospitals are the second biggest electricity guzzlers in the country after hospitals in Mumbai, according to a four-city hospital survey conducted by hospital consultancy firm Hosmac India ...

EDUCATION: Quality education still a dream for night school children
Mumbai, June 25 It is not the burden of bags, but the toil at work that seems to prevent the students of night school from pursuing their ...

BUDGET: Grant export industry status to tourism
The Travel Agents Association of India has requested the Finance Minister to grant export industry status to the tourism industry in India and rationalise the high taxes imposed on it and give the bleeding industry some respite. We have ...

ECONOMY: Truly, a unique identity
Bangalore, June 25 Infoscians will miss one of its biggest icons, as Co-Chairman Mr Nandan Nilekani exits the board of the company that he co-founded to head one of the most ambitious e-governance ...

INCOME TAX: CBDT may defer launch of UTN for filing income-tax returns
Mumbai, June 25 The Central Board of Direct Taxes is likely to defer introduction of Unique Transaction Number (UTN) for filing Income-Tax ...

POWER: MERC told to study Reliance tariff hike
Mumbai, June 25 The State government has directed the Maharashtra Electricity Regulatory Commission to look into Reliance Infrastructure’s recent electricity tariff hike in Mumbai’s suburbs. Over the last two days, customers ...

EDUCATION: Varsity reform: UGC, AICTE are roadblocks
Dr Kaushik Basu, Professor of Economics at Cornell University and a Member of the Yash Pal Committee on reforming higher education in India, has submitted a strong dissent note on the Committee’s report which was submitted to Mr ...

BUDGET: Add more liquidity for India Inc
The Manmohan Singh Government should focus on measures to stimulate demand in the domestic economy and at the same time ensure more purchasing power for consumers while adding more liquidity for India Inc. Looking at the current ...

BUDGET: Spare individuals from service tax
The service tax was introduced in 1994 with a limited coverage. Subsequently, the Government used this tax to balance the deficits by expanding the ...

EDUCATION: Sibal wants Class 10 board exams to be optional
New Delhi, June 25 The Minister of Human Resource Development, Mr Kapil Sibal, on Thursday, proposed the formation of an autonomous overarching regulatory and assessment authority for higher education which would subsume the University ...

PETROLEUM: HC order on gas: Reliance still weighing options
New Delhi, June 25 Reliance Industries on Thursday said it is still evaluating options before firming up its next move following the Bombay High Court order which directed it to supply gas to Anil Ambani company, Reliance Natural Resources Ltd ...

INFRASTRUCTURE: Highway developers seek easier funds
Mumbai, June 25 Infrastructure companies involved in road building are banking on the Union Minister for Road Transport and Highways, Mr Kamal Nath’s proposal to set up a Road Finance Corporation (RFC) to fund ...

COAL: Coal Minister for speedy eco clearance
Kolkata, June 25 The Union Coal Minister, Mr Sriprakash Jaiswal, on Wednesday urged the States to process applications for environmental clearance in a time-bound manner to help enhance coal ...

BUDGET: Focus on getting growth back on track
The Budget will be crucial given the greater need to focus on getting the economic growth back on track as well as to maintain the overall fiscal deficit under 6.5 per cent. We expect that the Budget will bring some positive news to boost ...

BUDGET: Raise FDI limit in insurance
We expect the new Government to continue with the financial reforms to further liberalise the insurance sector. The Government should push forward the Insurance Amendment Bill which has been pending parliamentary approval as it will provide ...