INDUSTRY & ECONOMY
NRIS
`New' instruments may have to be pegged to floating rates
While speaking at the FICCI a few weeks ago, the Finance Minister, Mr P. Chidambaram, rejected the industry's suggestion to allow it to replace high-cost rupee debt with seemingly low-cost foreign debt. He said, "I cannot allow this as it ...
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AWARDS & HONOURS
Sunil Mittal, Indra Nooyi get Padma Bhushan
Noted industrialists, artists and social workers were among the awardees of the Padma Bhushan, Padmi Shri and Padma Vibhushan announced today. Among the 32 eminent persons awarded Padma Bhushan are Bharti Group's Mr Sunil Bharti Mittal, the ...
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COURTS/LEGAL ISSUES
Labour Court should confine to materials produced by employer: Madras HC
Labour courts had to follow strictly provisions of law under Section 11A of Industrial Disputes Act while dealing with disputes about dismissal of employee vis-à-vis plea for reinstatement, the Madras High Court has held. The First Bench, which ...
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ECONOMY
IMF for continuing reforms to ensure higher growth
`Budget deficit, debt needed to be reduced'
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`Social negotiation must for distribution of land'
Govt fully aware of the criticality of agriculture: Bengal Governor
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HEALTH
`India can break the semi-monopoly in healthcare market'
With the industry driving research, India needs to evolve its own model for development and not depend on the US.
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HOTELS
Image Group to set up two budget hotels
The Hyderabad-based Image Group plans to invest at least Rs 100 crore in two budget hotels in the city, as part of its diversification into the hotel and hospitality industry. The 40-50 room hotels, with star facilities, would come up in ...
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POWER
Jayamkondam project this year
The lignite major Neyveli Lignite Corporation (NLC) will execute the Jayamkondam Lingite Power Project (JLPP) this year and the State Government has initiated all steps to get the clearance from the Parliamentary Committee on ...
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India Power Fund to be operational by fiscal end
The Indian Power Fund, with an initial commitment of Rs 1,000 crorewill be operational before the end of this fiscal. Power Finance Corporation will invest about Rs 200 crore in the fund. Oriental Bank of Commerce has agreed to invest Rs 10 ...
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Power sales to India to fuel Bhutan's growth
Tala hydroelectric project going on-stream
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TAXATION
Reduce MAT to 7.5 pc: Assocham
The Associated Chambers of Commerce and Industry of India (Assocham) has suggested reduction in the Minimum Alternate Tax (MAT) from 10 per cent to 7.5 per cent and withdrawal with retrospective effect amendment in the Finance ...
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SSI
Exim Bank to raise $250 m for funding SMEs
Exim Bank of India is negotiating with "a multilateral lending agency" for a $250-million loan to fund small and medium enterprises (SMEs). The process of due diligence is on and the agreement is likely to be firmed up in two months, the bank's ...
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RADIO/TV
Pogo is free-to-air in Chennai
The Telecom Regulatory Authority of India on Thursday said that Zee Turner Ltd has reported correction in the tariff for its children's television channel Pogo in Chennai's CAS notified area. Pogo will henceforth be distributed ...
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EDUCATION
B-School ties up with IIBF, MCX
In a farsighted initiative to promote management programmes for working executives, SIES College of Management Studies (SIESCOMS), one of country's leading B-Schools, has come up with a couple of tie-ups. A tie-up with Indian Institute of ...
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ICMR bags prizes for case studies
Faculty members from ICFAI Centre for Management Research (ICMR) have won top prizes in the John Molson Case Writing Competition-2006. The competition was organised by John Molson School of Business of Concordia University (Montreal, Canada). ...
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Easy Educate in tie-up with Cornell varsity arm
Easy Educate, a city-based higher education services company, has entered into an agreement with eCornell, a subsidiary of the US-based Cornell University, to offer their courses in India. "Those who join eCornell courses will be able to obtain ...
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DRS plans 50 international schools
DRS, a leading logistics solutions company, has decided to expand the presence of its educational initiative, DRS International School. The company had announced that it would set up 50 international schools across the country ...
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INDUSTRY ASSOCIATIONS
`Scrap service tax on goods transport agency'
The Tamil Nadu Chamber of Commerce and Industry has urged the Union Finance Ministry to withdraw service tax on goods transport agency. He also asked the Forward Markets Commission (FMC) to abolish futures trading in all essential food items, ...
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SCIENCE & TECHNOLOGY
UK award for IICT scientist
A senior scientist from the Indian Institute of Chemical Technology (IICT), Hyderabad, Dr Ahmed Kamal, has been selected for the UK India Education and Research Initiative's (UKIERI) Standard award to undertake research in the areas of drug ...
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SOCIAL WELFARE
AP to launch health insurance on April 1
CM launches EMRI rural initiative
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HUMAN RESOURCES
HR trend: Higher reward for high performers
Companies are going all out to woo the top 20 per cent of their employees and increasing variable pays to as high as 22 per cent of their cost to company. Apart from this, there are long-term incentive plans for those who can earn them either ...
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TRADE & LABOUR UNIONS
Bangalore Traders' bodies to suspend strike
The various traders' associations in the city decided on Friday to suspend their indefinite strike opposing the proposed amendments to the Agricultural Produce Marketing Committees (APMC) Act after the State Government invited ...
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EVENTS
Missile power
R-DAY SHOW: Models of BrahMos missiles on display during the 58th Republic Day celebrations at Rajpath in the Capital on Friday. The BrahMos project is being jointly developed by India and Russia. ...
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EXPORTS & IMPORTS
Zero duty maize imports to arm poultry's feed option
Shipments may turn feasible during April-May
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Move to ban skimmed milk powder exports flayed
Could reduce incentive for farmers to produce more
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