The Hindu Business Line : Wednesday, July 30, 2008

INDUSTRY & ECONOMY

ECONOMY: RBI applies the squeeze
Repo rate, CRR hiked; economy to slow down to 8%. Mumbai, July 29 The Reserve Bank of India on Tuesday bared its resolve to take the ‘inflation bull’ by the horns — even if this meant an additional burden on corporate and ...

COAL: Coal India may invite bids for re-opening 18 mines
Proposal is for tapping the joint venture route. Kolkata, July 29 Coal India may seek expression of interest (EoI) from interested parties on re-opening 18 closed or abandoned underground mines through joint venture route, in a week’s ...

ENVIRONMENT: Green Ventures raises Rs 1,360 cr through India Carbon Fund
Due diligence of five projects under way to invest Rs 68 cr. Mumbai, July 29 Green Ventures India, a subsidiary of a New York-based asset management company, Green Ventures International, has completed first of its kind Rs 1,360 crore India ...

NON-CONVENTIONAL ENERGY: Clinton Foundation seeks land for power plant in Anantapur
Hyderabad, July 29 The Bill Clinton Foundation has approached the Andhra Pradesh Government for setting up a mega solar-cum-wind power plant in the drought-hit Anantapur ...

ECONOMY: Overreacting to price rise?
The message conveyed by the Reserve Bank of India (RBI) through its First Quarter Review of Monetary Policy is loud and clear: Control inflation and anchor the relative expectations at a low level. Giving up its old and bold habit of ...

PETROLEUM: Essar Oil to go ahead with Vadinar capacity expansion
Financial closure likely in a week or 10 days. Essar Oil may achieve the financial closure of its proposed capacity augmentation project at Vadinar refinery in the next two weeks. ...

POWER: Small units to stage dharna on power cut issue
Madurai, July 29 The Madurai District Tiny and Small Scale Industries Association (Maditssia), along with 14 other small industry associations, has announced a dharna on Thursday (July 31), demanding total exemption from power ...

POWER: Power cuts, load-shedding in Kerala to stay
Load-shedding and power cuts might continue in the State as storage levels in major reservoirs remain below 30 per cent of their capacity. ...

EVENTS: MetroPlus theatre fest from Aug 1
The three-year-old The Hindu MetroPlus Theatre Festival will run from August 1-10. ...

EDUCATION: CII launches skill development scheme in schools
Madurai, July 29 The Tamil Nadu Minister for School Education, Mr Thangam Thennarasu, launched ‘Thalir Thiran Thittam’ at the Government Higher Secondary School in Virudhunagar district, near here, on ...

EXPORTS & IMPORTS: New all-industry drawback rates will be put out by August 15
New Delhi, July 29 The Government will announce all-industry drawback rates for exporters by August 15 this year, a top official of the Finance Ministry said here on ...

INCOME TAX: Eleventh-hour rush

SOCIAL SECURITY: Reliance Cap, HSBC, ICICI join SBI to manage EPFO fund
New Delhi, July 29 In a move that may have far-reaching impact on the future income of the Employees Provident Fund Organisation (EPFO), the largest provident fund in the country on Tuesday decided to induct three private sector fund managers ...

FOREIGN TRADE: Brazil invites investment in health sector
New Delhi, July 29 Brazil’s Health Minister, Mr Jose Gomes Temporao, has invited Indian investment in its health sector envisaging a new model of co-operation between emerging markets of the world. ...

EDUCATION: ICICI Lombard's plan for students

TOURISM: Kerala’s houseboats set to go places
The famed houseboats of Kerala could soon set sail in rivers and backwaters of other States. The operators of houseboats have started getting enquiries from Andhra Pradesh and other States. ...

PETROLEUM: Oil bonds purchases to be discontinued
Mumbai, July 29 The Reserve Bank of India has decided to discontinue the special market operation (SMO) which was offered to oil companies to provide liquidity, Dr. Y. V. Reddy, RBI Governor, said on Tuesday, while announcing the first quarter ...

SSI: Maditssia signs MoU with Lady Doak College
Madurai, July 29 The Madurai District Tiny and Small Scale Industries Association (Maditssia) has signed a memorandum of understanding (MoU) with Lady Doak College under industry-institution partnership for better understanding of ...

POWER: FAPCCI seeks uniform power supply

SSI: CII-IQ plans quality certifications for 100 SME clusters
Hyderabad, July 29 The Confederation of Indian Industry’s Institute of Quality (CII-IQ) is planning to examine 100 clusters of small and medium enterprises (SME) under its quality certification programme this ...

PHARMACEUTICALS: Survey on fake drugs
In a bid to counter the growing menace of fake drugs, the Drug Controller General of India is planning to conduct a nationwide survey covering as many as 31,000 combinations and 62 drugs. “We will conduct a national-level survey to know the ...