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Friday, January 07, 2011
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INDUSTRY & ECONOMY

EXPORTS & IMPORTS: Pak bans over-land onion sales to India
Pakistan has effectively stopped sale of onions to India, by banning ...

RURAL DEVELOPMENT: 17-30% hike in rural job scheme wages
The wage rates for workers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) have been increased. According to the rates revised by the Ministry of Rural Development with effect from January 1, 2011, the MNREGA wages ...

ECONOMY: Telangana: Srikrishna report lists six options
Chidambaram asks parties to keep open mind. The Srikrishna Report on Telangana Statehood was presented to political parties from Andhra Pradesh on Thursday. The Commission has listed six options to handle the three parts of the State: Coastal ...

ECONOMY: Telangana economy, better than many States': Srikrishna report
Widening gulf between rich, poor can benefit vested interests, says committee. In terms of absolute Gross Domestic Product (GDP), the Telangana region (excluding Hyderabad) ranks above the States of Chhattisgarh, Jharkhand, Uttaranchal, Himachal ...

ECONOMIC OFFENCES: Satyam: Pursuing the truth
As anniversaries go, this is not a happy one. Two years ago, this day, Mr Ramalinga Raju, then Chairman, Satyam Computer Services, confessed to a massive Rs 7,136-crore fraud perpetrated by him on the company over many years. The scandal ...

PETROLEUM: With no diesel price hike, refiners face huge cost burden
With no price hike in diesel expected this fiscal, IndianOil, Hindustan Petroleum Corporation and Bharat Petroleum Corporation will end up borrowing more and increasing the cost burden in ...

ECONOMIC OFFENCES: NSE ‘offers' to share details in Citi scam
Police verifying contents of a record with the bourse. The National Stock Exchange is said to have agreed to provide analytical data to SEBI and to all other investigating agencies in the Citibank fraud case, according ...

WATCHES & ACCESSORIES: Watch cos want cap relaxed on FDI in retail
It is now the turn of the watch industry to push for relaxing the foreign direct investment cap on single ...

HUMAN RESOURCES: Crossroads adopts novel method for placements
HR consultancy firm, Crossroads Human Resources Private Ltd, helps organisations identify the right candidate for the ...

ECONOMY: Bihar Special Plan fund doubled to Rs 2,000 cr
The Centre on Thursday approved the proposal to double the allocation of funds under a Special Plan for Bihar to Rs 2,000 crore for the ongoing fiscal. This follows demands from the State for increased ...

ECONOMIC OFFENCES: Puri's police remand extended by 6 days
The police remand of Mr Shivraj Puri, the main accused in the multi-crore Citibank fraud, has been extended by six more days, until ...

EXPORTS & IMPORTS: India's exports to the US unaffected by recession
The US economy may or may not have recovered from the 2008 recession, but India's exports to the country ...

ECONOMY: Karnataka revenue receipts rise 20%
Karnataka's revenue receipts at the end of December 2010 went up 20 per cent to Rs 38,688 crore compared with the same period last year, the Governor, Mr H.R. Bhardwaj, said during his address to the joint session of the State legislature ...

EVENTS: Workshop for registering producer groups under GI Act
The Textiles Committee, under the Union Ministry of Textiles, is to hold a workshop for registering the producer groups of Navalgund Durries, Ganjifa cards of Mysore and Bronze Ware in Karnataka, as authorised users under the ...

STEEL: Steel cos face price hit as flood turns Australian coal costlier
The country's steel plants using Australian coking coal must be ready to cough up higher prices for the second quarter contract. This follows devastating floods in the Australian state of Queensland halting exports from the mines accounting ...

ECONOMIC OFFENCES: Satyam scam: CBI suspects illegal funds transfer to destinations abroad
Two years after the sensational Satyam Computer Services Ltd shook the corporate world, the investigation is almost complete except on the issue of fund transfer to foreign destinations by Satyam founder and ex-chairman, Mr B. Ramalinga Raju, ...

PSU: Govt approves Rs 70 cr budgetary support to 10 Central Public Sector Units
The Government on Thursday approved providing budgetary support of Rs 70.41 crore for the 10 loss-making and sick Central public sector enterprises towards liquidation of statutory dues as well as salary and wages ...

POWER: Power tariff policy amended to boost clean energy usage
To enhance green energy proportion in the energy basket, the Government has amended the Power Tariff Policy to stipulate that the States' solar power purchase obligation should go up to 3 per cent ...

EDUCATION: Educational institutions must generate funds to reward excellence: PM
Terming the growing number of privately funded ‘for profit' educational institutions as a worrisome trend, the Prime Minister, Dr Manmohan Singh, has called upon such institutions to generate more funds to ...

ELECTRONICS: ‘Strategic electronics business could grow to Rs 2-lakh crore'
The strategic electronics sector in India may be small currently, but it has the potential to grow to around Rs 2 lakh crore in business over the ...

FOREIGN TRADE: India takes up onion ban with Pakistan
Terming Pakistan's move to ban onions through the land route as “shocking and unfortunate,” the Commerce and Industry Minister, Mr Anand Sharma, said New Delhi has taken up the issue ...


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




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In Focus
Ban on iron ore exports

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