The Hindu Business Line : Saturday, July 05, 2008

NRIS
SBT hikes NRE, FCNR rates
State Bank of Travancore (SBT) has hiked the interest rates for NRE and FCNR term deposits with effect from July 1. As per the revision, the interest rate for NRE deposits for a period of one year to less than years is 3.31 per cent (previous ... More

ANTI-DUMPING
Definitive dumping duty on pharma raw material mooted
New Delhi, July 4 The Designated Authority in the Commerce Ministry has recommended an imposition of definitive anti-dumping duty on imported Cefrtiaxone Sodium Sterile from China, a pharmaceutical raw material that the domestic industry ... More

CEMENT
Mini cement plants focusing on expansion
They have everything going for them - limestone, demand, easy funds More

EXCISE AND CUSTOMS
Corporate houses served notices for alleged customs evasion
Alleging customs duty evasion on aircraft import, the customs department has issued show cause notices to high profile corporate houses such as the Reliance Group and the Oberoi’s-controlled East India Hotels.Separately, for a ... More

FOREIGN TRADE
Thailand trade expo opens in Chennai
Bilateral trade between India and Thailand will cross $10 billion by 2010 when the FTA between the two economies is expected to be fully implemented, said Mr Viroon Thejapaibul, Deputy Minster of Commerce, Thailand. He said there was a ... More

India, Israel likely to start formal talks for FTA soon
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Kuwaiti investment in fertiliser, infrastructure areas sought
New Delhi, July 4 India has sought Kuwaiti participation in revival of the domestic fertiliser industry and also investments in the fertiliser sector in Kuwait and in third countries, besides in sectoral developments in infrastructure, power ... More

INFRASTRUCTURE
Tiruchi Corp to get Rs 130 cr help
Tiruchi Corporation will soon get an assistance of Rs 130 crore from the Government for blacktopping of roads, construction of drains and toilets in all the 60 wards in the city, the Transport Minister, Mr K.N. Nehru, has said. The corporation ... More

PETROLEUM
Domestic crude oil basket hits $142 a barrel
New Delhi, July 4 The continued volatility in international crude oil prices has led to the Indian basket soaring to $142.04 a barrel on Thursday. Global crude oil prices on July 3 breached the $146 a barrel mark, before softening down. ... More

Shell raising throughput capacity to meet LNG demand
Kolkata, July 4 Gone are the days when The Shell Group-controlled 2.5-million-tonne Hazira LNG terminal suffered from low capacity utilisation. According to sources, riding on an increasing appetite for energy in the country, The Shell ... More

TAXATION
Direct tax collections up 38.6% in Apr-June
New Delhi, July 4 Aided by sharp growth in tax deduction at source (TDS) collections, the Centre’s net direct tax collections grew 38.61 per cent in the first quarter of the current fiscal to Rs 57,373 crore compared with Rs 41,391 ... More

SSI
Leaders’ Club to hold workshops for SMEs
Ahmedabad, July 4 Leaders’ Club, an interactive learning platform developed by the Unnati Institute of Leadership here, will organise a series of workshops to equip the decision-makers of Gujarat’s small and medium entrepreneurs ... More

Cisco financing facility for SMBs
Bangalore, July 4 Cisco, networking technology and products company, has announced a zero per cent financing facility for small and medium businesses for its multi-layer services programme, that will seek to tackle the challenges of the sector ... More

EDUCATION
ICFAI offers dual degree programme
The Icfai University launched a dual degree programme offering MBA and CFA in a single course. The programme, to be completed in 27 months, is open to graduates in any discipline with 55 per cent and above aggregate marks. It would consist of 32 ... More

Haryana plans massive expansion of seats for technical education
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REAL ESTATE & CONSTRUCTION
Tax implications of foreign house
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INDUSTRY ASSOCIATIONS
Executive recruiters’ chapter
The Coimbatore chapter of Executive Recruiters Association (ERA) is being inaugurated on July 5. This will be ERA’s ninth chapter in the country. In a release, ERA said the recruitment industry has seen rapid growth in the past few years ... More

KNITWEAR & HOSIERY
Will the RBI probe and unravel the derivatives scam?
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FOREIGN DIRECT INVESTMENT
Marks & Spencer among 28 FDI plans cleared
New Delhi, July 4 Global retail major Marks & Spencer’s proposal for 51 per cent foreign direct investment in single brand retail business was among 28 FDI proposals worth Rs 1,328 crore, cleared by the Government on Friday. ... More

RURAL DEVELOPMENT
Portal on rural livelihood launched
New Delhi, July 4 The Government has launched a multi-lingual portal that would offer information related to rural livelihoods, including agriculture, primary education, health, rural energy and e-governance. The portal More

HUMAN RESOURCES
‘Healthy workers improve productivity’
Coimbatore, July 4 Constant noise generated by a large engineering plant’s plasma welding unit in the South not only nagged the men at work but also began affecting workers in neighbouring sections of the plant. As the noise ... More

Bengal vocational scheme for jobless
Kolkata, July 4 The West Bengal Government will help 80,000 unemployed people earn their bread this year by providing professional training courses, Mr Mrinal Banerjee, the West Bengal Labour and Power Minister, said here on Friday. ... More

TOURISM
Travel within Europe, US turns expensive
New charges on check-in baggage for domestic flights More