The Hindu Business Line : Thursday, October 02, 2008

INDUSTRY & ECONOMY

EXPORTS & IMPORTS: Trade deficit surges to $49.1 b during April-Aug
Exports register 27% growth, imports rise 51% in August. New Delhi, Oct. 1 Even as the country’s exports and imports registered a substantial growth 35.1 per cent and 37.7 per cent in dollar terms, respectively, during the first five ...

FOREIGN DIRECT INVESTMENT: Govt looking at 74% FDI cap in DTH sector
Move aimed at bringing parity with telecom industry. New Delhi, Oct. 1 In a move that could cheer to telecom companies wanting to offer DTH services, the Government is exploring the option to raise the current foreign direct investment (FDI) cap ...

REAL ESTATE & CONSTRUCTION: PE returns to realty financing
Already there were some signs of a slowdown in the realty price spiral; and now the Indian realty sector has begun witnessing the impact of the sub-prime crisis, says Mr Rajiv Sahni, Partner, Ernst & Young, New Delhi. "Recently one of the ...

FOREIGN DIRECT INVESTMENT: TN attracts Rs 31,333 cr FDI
21 pacts signed with MNCs in 24 months. Madurai, Oct. 1 The Tamil Nadu Government has signed 21 MoUs (memorandum of understanding) with leading multinational companies under foreign direct investment to the tune of Rs 31,333 crore in 24 months, ...

REAL ESTATE & CONSTRUCTION: ‘Green buildings, a growing opportunity for developers’
Growing awareness driving demand, says report. Thanks to a growing awareness of the green building concept in the country, about 110 million sq ft of green space is expected to be developed over the next few years, says Greenomics a research ...

INFRASTRUCTURE: World Bank approves $362-m loan assistance to Orissa
New Delhi, Oct 1 The World Bank has approved a $362-million assistance package to Orissa to improve the State’s road network and also its agricultural ...

EXPORTS & IMPORTS: Tea exports may hit 210 m kg this fiscal
‘Average unit realisation good’. Kolkata, Oct. 1 If the current trend is any indication, tea export in 2008-09 should be around 210 million kg, according to Mr Basudeb Banerjee, Chairman of Tea ...

PETROLEUM: USTDA extends two grants to support petroleum sector
New Delhi, Oct. 1 The US Trade and Development Agency (USTDA) has extended two grants totalling $946,221 to support activities in India’s oil and gas sector to further “the agency’s commitment to the objectives of the ...

SCIENCE & TECHNOLOGY: ISRO scientists win global award
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SOCIAL SECURITY: Kerala to launch health insurance scheme today
Thiruvananthapuram, Oct. 1 The Kerala Government has worked out a comprehensive health insurance scheme, which will be formally launched on October ...

HEALTH: CSIR starts open source effort to fight diseases
TB to be first target in war against killers. Hyderabad, Oct. 1 Poor people in tropical countries like India continue to suffer the wrath of diseases such as TB, malaria, kala azar, which takes a toll on life and ...

EVENTS: Insurers urged to offer ‘combo’ micro products
Mumbai, Sept. 30 Insurance companies should come up with products that offer a combination of life and non-life cover for the micro insurance segment, said Mr Tarun Bajaj, Joint Secretary (B&I), Ministry of Finance, Department of ...

TAXATION: Bench ruling on ST deferral scheme for units in backward areas
Chennai, Oct 1 The Madurai Bench of the Madras High Court has rejected the plea of a dealer registered under the TN General Sales Tax Act, 1959 that the ‘deferral scheme’ launched by the TN Government should be available to them ...

FOREIGN TRADE: Gujarat Chamber signs agreement with Malawi, Belarus for business, industry
Ahmedabad, Oct. 1 A seven-point agreement of cooperation in the fields of business and industry was signed on Wednesday between the Gujarat Chamber of Commerce and Industry (GCCI) and the High Commission of the Republic of Malawi and Belarus ...

ENVIRONMENT: ‘Green corridor’ in highways planned; ‘no toll’ charges for farmers
The Ministry of Shipping and Road Transport is considering having a ‘green corridor’ in highways exclusively for farmers with ‘no toll’ ...

BIO-TECH & GENETICS: Genomic centre expanding facilities
Hyderabad, Oct. 1 The Centre for Genomic Application (TCGA), a public-private initiative to support genome research in India, is expanding its ...

PETROLEUM: Oil cos to unveil grievance redressal mechanism
New Delhi, Oct. 1 The public sector oil marketing companies (OMCs) are set to unveil a public grievance redressal mechanism across the country from Thursday for domestic LPG, petrol and diesel. According to an official statement issued by ...

MEDICAL INSTITUTIONS & HOSPITALS: Adani to set up medical college near Bhuj at Rs 100-cr investment
Ahmedabad, Oct. 1 In the first public-private partnership (PPP) in the fields of health and medical education in India, the Adani Group will set up a medical college at Bhuj with a capital investment of Rs 100 crore over the next four years ...

TAXATION: Trade plea on extension of 1% VAT on teas sold in auctions
The Tamil Nadu Minister for Commercial Taxes, Mr S.N.M. Ubayadullah, reassured the members of the tea trade that the Government would study the sector’s demand on extension of one per cent VAT levied at first point of sale to all teas ...

INDUSTRY ASSOCIATIONS: KCCI office-bearers
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EDUCATION: Students to organise model UN
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INCOME TAX: I-T filing date for Sikkim extended
The Centre has extended the last date of filing of income-tax returns for Sikkim to October 31. Earlier the last date was July 31. The Finance Ministry said the date has been extended in view of the delay in issuing instructions on filing of ...