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INDUSTRY & ECONOMY
REAL ESTATE & CONSTRUCTION:
Low-cost housing’s slow rise
While the affordable housing segment is in the limelight, generating some demand in an overall sluggish real-estate market, low-cost housing, essentially for the low-income group and economically weaker sections, appears to be making ...
BUDGET:
Tax sops please, we’re realtors
With the countdown to the Union Budget having started, the real estate industry body, Confederation of Real Estate Developers’ Association of India (CREDAI), has put forth recommendations on the twin themes of affordable housing and ...
POWER:
Centre, States call for curbs on power usage to tide over crisis
Punjab bans air-conditioners in all govt offices across State. New Delhi, June 27 Faced with an unprecedented power shortage situation, both the Centre and States are resorting to extreme steps to curb electricity ...
PETROLEUM:
Vision-2015 plans to speed up, increase LPG connections
Focus will be to shift customers away from kerosene. New Delhi, June 27 Vision-2015 for the oil sector which will focus on providing better services to customers covering four broad areas of LPG (liquefied petroleum gas), kerosene, auto fuels ...
BUDGET:
RICS releases wish-list
The Royal Institution of Chartered Surveyors hopes the Finance Ministry will consider hiking the housing loan interest deduction limit and bringing down home loan interest rates in the coming ...
BUDGET:
Social sector should be given top priority
The key to unlocking India’s long-term high growth potential is in initiating inclusive programmes that will enable “growth to grassroots” by driving food and agri, rural infrastructure, and such platforms for sustainable ...
EDUCATION:
Deutsche Bank in tie-up for scholarships
Deutsche Bank and TERI University announced a tie-up whereby, the bank would provide scholarships to the MBA (Infrastructure) programme at the University. A memorandum of understanding (MoU) was signed by Dr R. K. Pachauri, Chancellor, ...
EDUCATION:
Wage bill burns a hole in IIM-A’s pocket
Under pressure to clear Sixth Pay Commission’s arrears. Ahmedabad, June 27 The Indian Institute of Management-Ahmedabad has incurred an annual deficit for 2008-09 due to increased expenditure and pressure from the Sixth Pay Commission, ...
BUDGET:
Raise tax rebate for home loan buyers
The Government must take multi-dimensional steps to boost the demand of real estate as well as to facilitate the execution of projects.First, the Government should realise the full value of home loan packages for genuine buyers. ...
BUSINESS MODELS:
Highway authority seeks comments on BOT funding models
New Delhi, June 27 The National Highways Authority of India (NHAI) has invited comments from various stakeholders on a pure ‘annuity’ and ‘hybrid’ model to implement highway projects on a build-operate-transfer ...
BUDGET:
Taxes must be rationalised
The Government should push economic recovery by rationalising taxes, making a strong statement on economic reforms and increasing its focus on strategic areas such as infrastructure.Infrastructure spending at 6 per cent of GDP remains ...
BUDGET:
Reform personal income-tax
One of the suggested methods to resolve the slowdown and increase the purchasing power of the masses is to introduce personal income-tax reforms. This would be in line with changed taxation policies, which are followed by most governments ...
PACKAGING:
Packaging sector may gain on Govt PDS plans
Chennai, June 27 The packaging industry is set to double its growth in the next three to five years since the Government is considering distribution of pre-packed commodities such as rice and sugar. Currently, they are retailed at the ...
BUDGET:
CII wants TDS made more user-friendly
As part of its Pre-Budget Memorandum the Confederation of Indian Industry (CII) has suggested modifications to the Tax Deducted at Source (TDS) provision in income-tax. It has recommended measures for rationalisation such as consolidating ...
PSU:
RINL ready to go public
Rashtriya Ispat Nigam Ltd (RINL) is awaiting the Centre’s disinvestment policy before launching its IPO, according to its Chairman and Managing Director, Mr P.K. ...
EVENTS:
Weekly News Round up
Tata Steel reported a 61 per cent drop in its consolidated net profit at Rs 4,849 crore for the year ended March 31, 2009, against Rs 12,322 crore registered in the same period last year mainly due to a sharp fall in demand in Europe and South ...
INFRASTRUCTURE:
Vizhinjam offer revoked due to long delays: Lanco
Thiruvananthapuram, June 27 The Hyderabad-based Lanco Infratech Ltd has revoked its offer for the development of the Vizhinjam International Container Transhipment Terminal “due to ...
BUDGET:
Extend tax holiday for EOUs
Tax holiday under sections 10A and 10B should be further extended for next three years for export-oriented units (EOU) units due to current economic scenario where exports have been showing negative growth. Concessional excise duty ...
BUDGET:
Provide ‘infrastructure status’ to financial markets
As our economy braces itself to launch into the high growth trajectory again during 2009-10, it is critical that stakeholders are appropriately supported by strong financial markets. Nurturing their growth would not only help minimise ...
BUDGET:
Cotton textile exporters seek relief in Budget
New Delhi, June 27 Stung by the steep 23 per cent decline in the export of cotton textiles, raw cotton, waste cotton, cotton yarn, fabrics and made-ups, the Cotton Textile Export Promotion Council (Texprocil) has sought policy support from ...
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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