The Hindu Business Line : Wednesday, July 22, 2009

INDUSTRY & ECONOMY

INCOME TAX: Tax returns filed by the rich on the rise
BETTER COMPLIANCE. New Delhi, July 21 More of the rich are now beginning to file income-tax returns. There has been a sharp rise in the number of assessees who filed return of income between Rs 1 crore and Rs 5 crore a year during the last three ...

AUTOMOBILES: Customers now drive to public sector banks for vehicle loans
Competitive interest rate, ease of operations key factors. Kolkata, July 21 Mr Sanjay Mukherjee, a government employee based in Kolkata, got his four-wheeler loan sanctioned in a couple of hours by United Bank of India and that too at a more ...

OUTLOOK: Industries more optimistic on Q2 show: Survey
High cost of credit and falling exports still a concern for industry. New Delhi, July 21 The domestic manufacturing sector is likely to witness a strong growth in July-September 2009 compared with the same quarter last year, according to a ...

CLIMATE & WEATHER: FMCG, durables makers on rain watch
Vibrancy in some rural markets may be washed away. Chennai, July 21 Fast moving consumer goods makers as well as durables makers, for whom a bulk of sales comes from the rural hinterland, are still not pressing the panic button, despite the ...

LABOUR REFORMS: 60-70% industrial workers in Bengal, Gujarat are contract labour
Research finds violation of minimum wage, labour laws. New Delhi, July 21 In West Bengal and Gujarat, 60-70 per cent of the workforce in manufacturing industries has been found to be contract labour, which is thrice the official ...

DISINVESTMENT: Sunil Mitra is Disinvestment Secy
The Appointments Committee of the Cabinet (ACC) has approved the appointment of Mr Sunil Mitra, a 1975 batch IAS officer from the West Bengal cadre, as Secretary in the Department of Disinvestment. An official release said that Mr Mitra will ...

EXCISE AND CUSTOMS: Finance Ministry launches online Customs tariff database
New Delhi, July 22 The Department of Economic Affairs (DEA) in the Finance Ministry is getting tech-savvy by the day. It has gone in for an electronic database of Customs tariffs to equip itself for better policy making on the import ...

POWER: Adani Power to import coal for Mundra plant
More than 50 per cent of the coal requirement for Adani Power’s 4,620-MW Mundra plant will have to be imported from Indonesia, though the company has tied up for domestic ...

EDUCATION: IIM-A setting up organic drinks bar on campus
Ahmedabad, July 21 The Indian Institute of Management Ahmedabad, in collaboration with two of its alumni, is soon going to offer organic food to its students on campus. An outlet of ‘Joos’, an organic food retail chain started ...

ENVIRONMENT: Carbon-lean economics
Kicking and screaming, India, the fourth largest emitter of greenhouse gases in terms of absolute volumes, is being dragged into the global campaign to limit carbon emissions. While the Government has once again made it clear that it will not ...

GEMS & JEWELLERY: Aerens Gold Souk plans SEZ for gems & jewellery
Thiruvananthapuram, July 21 Aerens Gold Souk Group plans to set up a special economic zone (SEZ) for jewellery and gems in ...

TEXTILES: SIMA textile expo
Coimbatore, July 21 The Southern India Mills Association (SIMA) will showcase the developments in the textile machinery, accessories, spares and logistics space during the four-day ‘TEXFAIR 2009’ event, scheduled from July 24 to 27 ...

TEXTILE MACHINERY: Sewing up relations
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OVERSEAS INVESTMENTS: Overseas portfolio investments fall
The net International Investment Position of India as at end-March 2009 declined to $65.34 billion from $78.5 billion as on December 2008, according to the latest figures released by the Reserve Bank ...

TOURISM: Rs 75-lakh Central aid for heliports
New Delhi, July 21 The Ministry of Tourism is to provide Central Financial Assistance of up to Rs 75 lakh to States and Union Territories for the construction ...

NRIS: Kerala mulls FI based on Islamic banking norms for Gulf returnees
Thiruvananthapuram, July 21 The State Government is examining the possibility of setting up a special financial institution based on Islamic banking principles to provide entrepreneurial loans to people returning to Kerala from the West ...

PETROLEUM: Under-recoveries of oil at Rs 2,880 cr in July
New Delhi, July 21 Despite the recent retail price increase of auto fuels, the public sector oil marketing companies (OMCs) will lose around Rs 2,880 crore in July by selling the four petroleum products – petrol, diesel, PDS kerosene ...

EDUCATION: Sanjiv Padman, CEO, Thought Ignite; Coimbatore Institute of Management and Technology
Coimbatore, July 21 Educational qualification alone is not enough for job ...

LABOUR REFORMS: AP to register construction workers
C onstruction workers, whose numbers have swelled in recent years due to the boom in the realty and infrastructure sectors, could soon benefit from welfare schemes in Andhra Pradesh. The State Government has decided to launch a ...

EVENTS: TMA lecture series
The Trivandrum Management Association (TMA) is launching a lecture series in which various Ministers of the State Government will talk about their respective departments. Titled ‘Managing My Department’, the series will begin ...

EVENTS: Meet on risk management
An international seminar on risk management strategies, compliance & corporate governance is being organised by the Siva Sivani Institute of Management here on July 25. The Professional Risk Managers International Association , Regional ...