The Hindu Business Line : Saturday, August 08, 2009

INDUSTRY & ECONOMY

ECONOMY: Monsoon clouds direction of economy’s growth
Rainfall deficit 25%; PM to review situation today. Chennai, Aug. 7 Clouds of worry hover over the Indian economy as the monsoon continues to play ...

EXPORTS & IMPORTS: India, Korea agree to cut tariffs to boost trade ties
India today signed a Comprehensive Economic Partnership Agreement (CEPA) with the Republic of Korea in a bid not only to promote trade of industrial and farm goods but also boost exchanges of manpower, particularly in the services sector ...

PSU: Banks want comfort letter from Govt for AI loan recast
New Delhi, Aug. 7 Banks and financial institutions are seeking what amounts to a sovereign guarantee from the Government for converting Air India’s high-cost debt into a ...

ECONOMY: Economy moving ‘slightly’, but worries over rains remain
Decline in credit growth of public sector banks. New Delhi, Aug. 7 The Finance Minister, Mr Pranab Mukherjee, today said the Indian economy had started to “move slightly”, but quickly noted that he was unsure of its direction as ...

TAXATION: Difficult year for tax collections
Hyderabad Aug. 7 The current fiscal may be a difficult year in terms of tax collections as a fall-out of the economic downturn, according to Mr V. Sridhar, Chairman of Central Board of Excise ...

DISINVESTMENT: Disinvestment plan for CIL to be firmed up soon
New Delhi, Aug. 7 Coal India Ltd (CIL) on Friday said the proposal to divest up to 10 per cent Government stake in the Navratna PSU is likely to be finalised in a couple ...

REGULATORY BODIES & RULINGS: TRAI scanner on cable television business
Seeks financial details from broadcasters, DTH operators as well. New Delhi, Aug. 7 The Telecom Regulatory Authority of India (TRAI) has sought exhaustive financial details and “insights” into operating models of broadcasters and ...

INVESTMENTS: Seven cos get land in AP industrial estates
Chennai, Aug. 7 Seven companies with plans to invest over Rs 3,000 crore were allotted land in two industrial estates in Andhra Pradesh at the valedictory of ...

REAL ESTATE & CONSTRUCTION: Realtors building up hopes of revival on sequential rise in Q1 profit
New Delhi, Aug. 7 Even as the sales and profitability of real estate companies continue to trail the year-ago levels by a huge margin, for some realtors at least the first quarter earnings have provided a glimmer of hope. Builders such as ...

FOREIGN DIRECT INVESTMENT: $10-b FDI to come into road sector in next 2 yrs: Kamal Nath
The Minister of Road Transport and Highways, Mr Kamal Nath, on Friday said that the road building sector in India would receive $10 billion (Rs 47,950 crore) of foreign direct investment within the next two ...

INFRASTRUCTURE: Core concerns
As if awakening from deep slumber, the Government appears to have recognised the enduring problem of delays in core projects. On the initiative of the Prime Minister, a new Cabinet Committee on Infrastructure (CCI) was formed, replacing ...

STEEL: Time to stop exporting iron ore: Minister
Ministry looking to raise Rs 15,000 cr from disinvestment. The Minister of Steel, Mr Virbhadra Singh, on Friday, said the Government was working towards imposing a ban on export of iron-ore and other non-value added ...

POWER: Nuclear Fuel Complex asked to provide data on cell tower radiation
Hyderabad, Aug. 7 The Andhra Pradesh Government has written to the Nuclear Fuel Complex and the Union Ministry of Science and Technology to share with it scientific data, if any, on whether the radiation from cell towers cause ...

HEALTH: Swine flu fear
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HANDLOOM: Weaving camaraderie
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POWER: CERC issues new rules on transmission
New Delhi, Aug. 7 State-owned Power Grid Corporation of India Ltd (PGCIL) will be required to build transmission lines to connect large-sized private power generation projects to the grid, according to the new transmission rules announced by ...

WATER: Rs 207-crore water scheme for Kerala
Thiruvananthapuram, Aug. 7 A drinking water project with an outlay of Rs 207 crore is set to be implemented by various municipalities ...

ANTI-DUMPING: Dumping duty on titanium dioxide from China
New Delhi, Aug. 7 The Finance Ministry has imposed definitive anti-dumping duty on titanium dioxide (anatase grade) imports from China. This definitive duty, unless revoked, lasts for five ...

INVESTMENTS: Kerala at bottom of IFC list on ease of starting business
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EXCISE AND CUSTOMS: Seminar on customs duty
The Tax Law Research Group here, in association with www.taxindiaonline.com, a Web site on taxation, is holding a seminar on central excise, customs duty and service tax at Hotel Dolphin on Saturday from 9 am to ...

HOTELS: Ginger Hotel opened at Jamshedpur
Roots Corporation Ltd, a subsidiary of Indian Hotels Company Ltd, has launched its 20th Ginger Hotel at Jamshedpur . Mr B. Muthuraman, Managing Director of Tata Steel, inaugurated it. According to Mr Prabhat Pani, CEO and Director of ...

EDUCATION: Technical training courses
The George Telegraph Group, providing technical training in eastern region, announced here on Friday a tie-up with Calcutta Madrasah, popularly known as Aliah University, to offer new courses under the skill development programmes. The courses ...

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