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INDUSTRY & ECONOMY
STANDARDS & BENCHMARKS:
Caraco’s FDA rap to hurt Sun Pharma
FDA seizes Sun arm’s drugs. Mumbai, June 26 Sun Pharma may not have a time-frame by which it expects to dispel the regulatory shadow cast on its US subsidiary Caraco Pharmaceutical. The US authorities seized drug products made at the ...
PETROLEUM:
Gas production in May up 18%; crude oil dips
New Delhi, June 26 While the domestic crude oil production continued its declining trend, natural gas output in May shot up by 18.3 per cent with production starting at Reliance Industries Ltd’s East Coast block, and coal bed methane ...
READYMADE GARMENTS:
Garment exporters see value at home
Look to domestic market too on thin overseas orders. Bangalore, June 26 Apparel exporters are not interested in the dollar alone and are slowly seeing profits with the ...
WATER:
Chennai desalination project suffers further delay
Long-term loan put on ‘rating watch negative’. Chennai, June 26 Following protracted delays in the commissioning of the Rs 550-crore desalination project by Chennai Water Desalination Ltd, Fitch Ratings has placed the company’s ...
REGULATORY BODIES & RULINGS:
DoT may peg entry fee for telecom licence at Rs 45 cr
No spectrum; ISPs can offer Net telephony post migration. New Delhi, June 26 The Department of Telecom proposes to peg the one-time entry fee for new telecom licences at Rs 45 crore for pan-India unified access services. This licence will not be ...
PSU:
AI offers leave without pay to cut wage bill
New Delhi, June 26 To reduce its wage bill, Air India has launched a ‘voluntary leave without pay’ ...
RADIO/TV:
Ministry approves 22 new TV channels
New Delhi, June 26 With 22 new channels getting the go-ahead from the Government, the total list of television channels allowed now goes up to ...
PETROLEUM:
Eight cos in fray to retail CNG
Reliance Gas Ltd, GAIL Gas and the joint venture between Indian Oil and Adani Energy were among the eight companies that have bid for the right to retail CNG in seven cities. Sources indicated that Reliance Gas had put in bids for three ...
BUDGET:
Tax structure for cement needs review
The first successful experiment of economic liberalisation by the Government related to cement, when in 1982 it was decided to partially de-control the industry. The capacity then was around 25 million tonnes. After the total de-control ...
PETROLEUM:
CBM activity opens irrigation avenues in Bengal and Jharkhand
Essar to encourage farmers to cultivate around wells. Durgapur, June 26 That coal-bed methane (CBM) is fast emerging as a viable source of natural gas in West Bengal and Jharkhand is known to many. But what is relatively unknown is that CBM ...
PETROLEUM:
GAIL plans two pipeline projects
Bangalore, June 26 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 ...
PETROLEUM:
Deora lists out priority areas for oil sector
A suitable pricing policy for petroleum products is among the list of priority areas for the next five years identified by the Government. This was stated by the Union Petroleum and Natural Gas Minister, Mr Murli Doera, at the ...
BUDGET:
Accord industry status to realty
For acceleration of growth in the economy, infrastructure and housing need more impetus in the Budget. There is an urgent need to accord long overdue industry status to the real estate sector. This will lead to rationalisation of taxes ...
EVENTS:
TERI, Dell launch eco programme for Bangalore schools
The energy and research institute TERI and computer maker Dell on Friday rolled out the Bangalore leg of their IT-enabled environment education programme, the ‘Climate EduXchange ...
URBAN DEVELOPMENT:
Kerala looking for consultants to conduct pre-feasibility study on reclamation
Plans to reclaim 5,000 hectares from the sea off Thiruvananthapuram. Thiruvananthapuram, June 26 The State Government is preparing to select consultants for conducting a pre-feasibility study to reclaim land from the sea off ...
FOREIGN TRADE:
The CECA effect
On paper at least the economic ties between India and Singapore are progressing satisfactorily with the tariff reduction and elimination schedules of the 2005 Comprehensive Economic and Cooperation Agreement (CECA) being honoured. The ...
CINEMA:
Sony Pix sells Slumdog ad spots at a premium
Varada Bhat Mumbai, June 26 Almost every filmgoer in India would have seen Slumdog Millionaire on the big screen but this has not stopped Sony Pix, which is screening the Oscar-winning movie on ...
EDUCATION:
Steps to reform higher education
Mumbai, June 26 Even as the education sector is beginning to attract the attention of policymakers and others, a quiet revolution that began early this year with the objective of reforming higher education has been steadily ...
TWO/THREE WHEELERS:
e-scooter makers seek 30% subsidy from Centre
Madurai, June 26 Manufacturers of e-scooters have approached the Union Minister for New and Renewable Energy, Mr Farooq Abdullah, for a subsidy/rebate on ...
BUDGET:
Revitalise the SME sector
India has survived the global recession as far as financial fundamentals are concerned, but there is still the problem of crisis of confidence in the market. The threat of a drought year is aggravating the market ...
CLIMATE & WEATHER:
Much needed monsoon
...
RADIO/TV:
Abid Ali Khan Trust gets licence to set up community radio station
The city-based Abid Ali Khan Educational Trust, which is into promoting Urdu and providing vocational education to weaker sections, will set up a community radio station (CRS), in the next three ...
BUDGET:
Further stimulus packages expected
Given the current recessionary scenario, the Government should come out with special measures for the IT sector. Firstly, the Government is a huge consumer and should accelerate the budgeted spend on various activities such as SWAN, data ...
BUDGET:
Remove tax on security transactions
The new Government has raised hopes of all market participants significantly in the run-up of this year’s Budget and we are expecting: Removal of STT on security transactions; opening up or further relaxation in FDI norms in ...
INFRASTRUCTURE:
Chamber seeks investor-friendly land laws
Bangalore, June 26 The Federation of Karnataka Chambers of Commerce and Industry has appealed for a greater focus on infrastructure, irrigation ...
BUDGET:
Extend STPI scheme for IT industry
The tax structure needs to be simplified (that is, reduced cess, FBT, etc.). ESOPs should be made more attractive and the Government should focus on bringing more of the “black money” into the tax net, instead of burdening further ...
TOURISM:
Kuoni sees 6-8% drop in global leisure travel on recession
Kolkata, June 26 There was six-to-eight per cent drop in international travels for leisure in 2008-09 due to the global recession and economic slowdown in the country, according to Mr Rajendra Kakade, National Manager, Channel Sales, ...
EVENTS:
Jewellery fair at HITEX centre
Hyderabad, June 26 The Hyderabad Jewellery, Pearl and Gem Fair (HJF) organised by UBM India, will be held at the HITEX Exhibition Centre here between July 9 and ...
BUDGET:
Give sops for solar energy investments
Solar energy is a dependable source though a costly option. The Government can provide tax sops for assessees who instal solar power plants at home (say, 1000 watts or can be need based above this limit). The total cost may be allowed to ...
Columnists:
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B Venkatesh
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C Gopinath
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Bhanoji Rao
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P.V. Indiresan
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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