The Hindu Business Line : Wednesday, February 13, 2008

EXCISE AND CUSTOMS
Non-payment of excise duty: Notice should precede levy of penalty, rules HC
An order by Superintendent of Central Excise, Ambasamudram, imposing a penalty of Rs 1.76 lakh on a Tirunelveli-based exporter for alleged non-payment of duty, was set aside by the Madurai Bench of Madras High Court. The Court, while ... More

FOREIGN TRADE
Pact soon with Russia on building more N-plants
Target $10-b trade by 2010, says PM More

Pact signed with Netherlands
New Delhi, Feb. 12 India and the Netherlands signed an MoU here today in various areas concerning shipping and port sectors. The Minister of Shipping, Road Transport and Highways, Mr T.R. Baalu, and the Netherlands Minister of ... More

PHARMACEUTICALS
Centre’s pharma research fund dissolved
To be replaced by annual budgetary support More

POWER
Hindujas firming up power project plans
New Delhi, Feb. 12 After a hiatus of nearly two decades, the Hinduja Group is planning a second innings in the country’s power sector. The group is currently firming up plans for setting up mega power projects across multiple locations, ... More

GMDC emerges Gujarat’s power manager
To set up three plants to generate 4,500 MW, invest around Rs 20,000 cr More

STEEL
Price hike: Govt to meet steel producers again
New Delhi, Feb. 12 The Government will be holding a meeting with major steel producers in the next couple of days again on the issue of increase in prices. “The discussions that we had today were very fruitful and we will be ... More

Stainless steel industry calls for scrapping of duty on basic inputs
New Delhi, Feb. 12 The domestic stainless steel industry has called for the duty structure on basic inputs going into the manufacturing of the product to be scrapped. In a pre-budget memorandum to the Finance Ministry, the Indian ... More

TAXATION
Centre plans 4% uniform levy on ATF
Fuel may be brought under ‘declared goods’ category More

SSI
‘IT adoption by SMEs high in India’
Faster than other BRIC economies, says Microsoft-AMI report More

EDUCATION
India needs multilingual Net to reach out to its billion
More

NITK to host tech meet
Engineer ’08 – the annual technical symposium of National Institute of Technology Karnataka (NITK) – will be conducted at Surathkal in Mangalore taluk between February 14 and 17. A press release by Mr Vaibhav Kabra, Convener of ... More

Kannur NIFT : Stone-laying on Feb 17
Thiruvananthapuram, Feb. 12 The foundation stone for the proposed centre of the National Institute for Fashion Technology (NIFT) in Kannur will be laid on February 17.The centre, spread over 12 acres of land, will be the ninth such ... More

REAL ESTATE & CONSTRUCTION
Mahindra Lifespace SEZ in Lanka
More

Ocean Park begins work on film studio, farm houses
The Hyderabad-based Ocean Park Group has started work on its three projects – a film studio, an amusement park and farm houses – at Jeerupalem village and they may be completed within a year or so, according to Mr J. ... More

PAPER, BOARD & NEWSPRINT
Recycled paper mills’ wish-list
The Indian Agro and Recycled Paper Mills Association (IARPMA) has urged the Government to take necessary action to control the increasing raw material cost and rationalise tax structure to dovetail the growth in the industry. In its pre-Budget ... More

EXPORTS & IMPORTS
Tea exports drop 30%; output dips marginally
Shipments suffer on Iraq, Pak factor; weather hits crop More

Import of sensitive items up 11.1% in Apr-Dec ‘07
Foodgrain, alcoholic beverages, automobile imports surge More

Confusion over rice export ban notification
Mumbai, Feb. 12 Uncertainties have continued to dog rice exporters, as one arm of the Government does not know what the other is doing. Exporters find themselves at their wits end because of the interpretation given to the ... More