The Hindu Business Line : Wednesday, November 28, 2007

NRIS
‘Strong rupee slows down NRI deposits’
There has been a slight slowdown in NRI deposits due to the rising rupee, although there was no slowdown in inward remittances, said Mr M. Venugopalan, Chairman and CEO, Federal Bank. Low deposit rates combined with the appreciation of ... More

SOCIAL SECURITY
PF authority okays investment in stocks
Allows up to 5% in stock markets, 10% in equity-linked MFs More

CEMENT
‘Cement prices likely to remain stable’
New Delhi, Nov 27 The Government on Tuesday said cement prices are likely to remain stable during the medium term in light of capacity addition by the industry coupled with a liberal import policy. “Cement prices have been stable ... More

CHEMICALS
Sulphur prices hit fertiliser output
Demand of Southern States not met More

ECONOMY
Lending to sensitive sector slowed down in 2006-07: RBI
Mumbai, Nov. 27 Lending to sensitive sectors by banks showed a deceleration in 2006-07, according to the Report on Trends and Progress of Banking in India 2006-07 released by the Reserve Bank of India (RBI) on Tuesday. 41% ... More

HEALTH
Govt to set up blood banks in 600 districts
New Delhi, Nov 27 The Government will set up blood banks in 600 districts across India and a model blood bank in all the States within the next 2-3 years, said Dr Anbumani Ramadoss, Minister for Health and Family Welfare. Centres of ... More

Pranav Agro launches Smart Balance rice
Pranav Agro industries has launched Smart Balance rice, low glycemic index (GI) health rice, beneficial for persons suffering from diabetes and obesity. Talking to presspersons, Mr Pravin S. Lunkad, Chairman of the Pranav Group, said this is ... More

INFRASTRUCTURE
PS Group to develop 4 SEZs
More

PETROLEUM
IndianOil talks on Turkey refinery inconclusive
‘More meetings likely next month’ More

Mileage rally to promote better fuel use
Mumbai, Nov 27 The Petroleum Conservation Research Association (PCRA) under the Ministry of Petroleum and Natural Gas is organising a car rally to promote fuel efficiency and emission control.The PCRA in association with Western India ... More

POWER
Contingency plan to improve coal supplies at ‘critical’ power stations
New Delhi, Nov. 27 With the dwindling coal stock position at key thermal power stations worsening, the Centre is banking on a contingency plan aimed at improving the situation at “critical” power stations by redistributing coal ... More

UK keen to work with India on attaining energy efficiency
Chennai, Nov. 27 Britain can work with India in increasing energy efficiency and curbing carbon dioxide emissions to tackle adverse environmental impact and climate change, said Mr Richard Stagg, British High Commissioner to ... More

TEXTILES
Falling yarn price brings respite to garment units
Spinners shift focus to local market More

SSI
‘SME lending can be profitable’
Custom-based approach will help: Splinder More

Khadi cluster set up near Kerala capital
Thiruvananthapuram, Nov. 27 A khadi cluster has been set up at the Khadi Production Centre of Trivandrum Sarvodaya Sangh, near Neyyattinkara in Thiruvananthapuram district. Inaugurating the cluster on Monday evening, Kerala Governor Mr ... More

COAL
Knowledge Infra to acquire 50% stake in Indonesian coalmine
Knowledge Infrastructure Systems Pvt Ltd, a privately-held coal trading company, will be acquiring 50 per cent stake in an Indonesian coalmine by December.The company will be able to supply 9 million tonnes of coal per annum ... More

FOODS & FOOD PROCESSING
‘Indian food biz will be driven by over 80 m consumers’
India has no choice — it has to grow, said McKinsey in one of its reports. The session on ‘Consumers & Retail’, organised here by the Confederation of Indian Industry, as part of Foodpro 2007, seems to have validated the ... More

Italy keen on food processing tie-ups
Kolkata, Nov 27 Italy has evinced interest in forging a closer relationship with India in general and West Bengal in particular in the arena of food processing. A high-level delegation from Italy is set to visit India next year to explore the ... More

HANDLOOM
CCEA nod for Rs 790-cr handloom development scheme
New Delhi, Nov. 27 In a bid to help handloom weavers in developing/diversifying into new products and designs, the Cabinet Committee on Economic Affairs (CCEA) has given approval for implementing the Integrated Handlooms Development Scheme as ... More

RURAL DEVELOPMENT
Panchayati Raj system gets Microsoft solution
SWARAJ to offer critical information on schemes, funds, and land More

HUMAN RESOURCES
IIM-A students land diverse summer placements
The summer placement for agri-business management students at the Indian Institute of Management in Ahmedabad saw 17 companies from the emerging sectors. The big names in consultancy like PricewaterhouseCoopers (PwC) and YES Bank speak ... More

REGULATORY BODIES & RULINGS
Port tariff body likely to get statutory powers
Need felt since new tariff setting regime has larger role for TAMP More

CAG indicts Health Ministry for lapses in medical equipment procuring norms
New Delhi, Nov. 27 The Comptroller and Auditor-General of India (CAG) has indicted the Union Health Ministry for “inadequate management of the pharmaceutical procurement procedures and operational principles for acquisition of medical ... More

EVENTS
IITF draws to a close
New Delhi, Nov 27 The India International Trade Fair (IITF) concluded here today with the Lt. Governor of Delhi, Mr Tejendra Khanna, lauding the India Trade Promotion Organisation (ITPO) for mounting an impressive show with a great deal of ... More

March for peace
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VENTURE CAPITAL
Askar, SKIL plan PE fund eyeing SMEs
Mumbai, Nov. 27 The Iceland-based investment bank Askar Capital is setting up a 50:50 investment fund with Nikhil Gandhi-promoted SKIL Group to set up a $500 million private equity fund, as part of its initiative to enter the Indian PE market ... More

ALTERNATIVE MEDICINES
Disaster response fund set up
New Delhi, Nov. 27 To unify the funding mechanism for disaster response and relief under one fund, the Cabinet gave its nod for constitution of National Disaster Response Fund and merger of National Calamity Contingency Fund with it, effective ... More

ECONOMIC OFFENCES
Wagonloads of palm oil seized in Kochi
More