The Hindu Business Line : Thursday, June 05, 2008

AUTOMOBILES
Auto cos smell an opportunity
New Delhi, June 4 The fuel price hike means different things to car and to two-wheeler companies. While Maruti and Hyundai smell an opportunity to sell more compact cars that provide better fuel efficiency, two-wheeler makers do not see any ... More

ECONOMY
Govt bites the bullet, hikes petrol, diesel, LPG prices
Says it has no option left; revenue loss for oil firms expected to ease More

Inflation likely to touch double-digits
Index for ‘minerals oil’ may go up by 10% More

PM sets up panel to examine financial position of oil cos
Also for getting a clear picture of operating positions More

‘Fiscal deficit likely to rise’
Economists said that the revenue loss from duty cuts would push up the Centre’s fiscal deficit for 2008-09. The Centre had pegged the estimate for fiscal deficit for 2008-09 at Rs 1,33,287 crore, which was about 2.5 per cent of ... More

Inflation may rise by 1%: Crisil
The revision of petrol, diesel and LPG prices, will push up inflation by 95 basis points, said a report from rating agency Crisil. Out of this, the direct impact will be 51 basis points, with the highest contribution coming from the hike in the ... More

ENVIRONMENT
A rare sight
Diminishing species: A villager collecting seeds from a giant water lily commonly known as Makhana (Eueyale Ferox) in the Deepor Beel Bird Sanctuary on the eve of the World Environment Day celebration in Guwahati on ... More

Titan, WWF to spread awareness
More

HEALTH
Yeddyurappa asks Dakshina Kannada to control chikungunya
The Karnataka Chief Minister, Mr B.S. Yeddyurappa, has directed the Dakshina Kannada district administration to gear up to control chikungunya disease in the district and to submit an action plan to tackle sea erosion during monsoon. ... More

INFRASTRUCTURE
21 SEZs proposals cleared; no decision on Goa SEZ
New Delhi, June 4 The Board of Approval (BoA) for Special Economic Zone (SEZ) could not take a view on cancelling four formally approved SEZs in the absence of a representative from the State government at a meeting, even as it cleared 21 ... More

Kerala CM lays foundation stone for convention centre
Work on a convention centre complex at Akkulam near the city started on Wednesday with the Chief Minister, Mr V.S. Achuthanandan, laying the foundation stone for the complex. Expected to make the city a major destination for MICE ... More

PETROLEUM
Airlines asked to report on impact of aviation fuel duty cut on fares
Aviation Ministry prepares ground for meeting with PM More

‘Oil duties rejig to result in Rs 22,660-cr revenue loss’
Customs duty on crude reduced to nil More

PM calls for conserving energy, stresses on nuclear energy
Prime Minister Dr Manmohan Singh today called upon the nation to conserve energy and stressed upon the need to develop renewable sources of energy including nuclear energy.In a televised address to the nation, Dr Singh said that ... More

‘Fuel hike on expected lines’
Mumbai/Chennai/Hyderabad, June 4 Fuel price hike by the Union Government has not taken the industry by surprise: it was anticipated. However, the industry is not happy with the timing as it will add to the inflation. The price hike could ... More

Freight charges to go up 5-6%
With the prices of diesel and petrol revised on Wednesday, logistics operators say that the increase in freight charges would vary 5-6 per cent, going up to 10-12 per cent. According to Mr Vineet Agarwal, Executive Director of Transport ... More

LPG vehicles may have an easy ride
Mumbai, June 4 The Petroleum Ministry’s decision to hike the oil price will not have any particular impact on a section of automobile users — the owners of LPG-run vehicles. The price of auto-LPG in the country is not ... More

Impact on half of petro products by volume
Chennai, June 4 The fuel price hike will impact about half the petroleum products sold in the country, in terms of volume. Going by Petroleum Ministry figures (available for 2006-07), 130 million tonnes of petroleum products were sold, ... More

Kerala to cut tax on petrol, diesel
The Kerala Cabinet has decided to cut the sales tax on petrol and diesel in the wake of the steep hike in the prices of petroleum products by the Centre.The quantum of tax reduction would be decided after discussions with the Finance ... More

‘ATF duty cut: Marginal impact on fares’
The decision to half the import duty on aviation turbine fuel (ATF) is unlikely to have any major impact on the fares or fuel surcharge being levied by domestic airlines. “The impact will be minimal. The real impact will be felt when the ... More

Left Front calls for general strike in Bengal
Kolkata, June 4 The Left Front has called a 12-hour “general strike” in West Bengal on June 5, and the Trinamool Congress a 12-hour “Bangla bandh” on June 6, to protest against the announcement by the Centre of an ... More

Waiting for the turn
More

IOC may draw back curbs on expenditure
Kolkata, June 4 Following the compensation package announced, IndianOil may withdraw a majority of restrictions on marketing expenditure. The company recently put on hold the larger part of its Rs 1,600-crore planned expenditure in 2008-09, ... More

PHARMACEUTICALS
India bats for generics, seeks clarity on counterfeits
More

TAXATION
Bengal, Kerala cut sales tax on petrol, diesel
Chennai, June 4 Two of the Left-ruled States, West Bengal and Kerala, have decided to reduce the sales tax on petrol and diesel, to marginally reduce the impact of the price hike.The West Bengal Government today said it will reduce the ... More

SSI
Call to promote exports of small, medium enterprises
‘SMEs make vital contribution for inclusive growth’ More

EDUCATION
ICFAI summer internship
ICFAI National College (INC), Mangalore, conducted SIP (summer internship programme) Mela on Wednesday. Quoting Prof K. Narayan, Principal of the college, a press release said here that SIP Mela is an innovative business endeavour initiated by ... More

IIIT-B starts certificate course for engineering grads
Bangalore, June 4 The International Institute of Information Technology, Bangalore, has launched a professional certification programme for engineering graduates to enhance their employability. The programme ‘Yogyata’ will ... More

REAL ESTATE & CONSTRUCTION
Sree Gokulam's apartment project
More

INDUSTRY ASSOCIATIONS
Karnataka urged to focus on developing new industrial areas in Mysore
Bangalore, June 4 The Confederation of Indian Industry has urged the Karnataka Chief Minister, Mr B.S. Yeddyurappa, to focus on developing new industrial areas in Mysore. The Government should also focus on upgrading infrastructure at ... More

READYMADE GARMENTS
`Fuel price hike will hit garment units'
More

SOCIAL WELFARE
More special training programmes planned
Hyderabad, June 4 The Andhra Pradesh Government is planning to launch more special training programmes (STP) for economically backward students to enable them pursue higher education, free of cost, in IT and work in the best of companies. The ... More

EXPORTS & IMPORTS
Exporters of basmati get evolved varieties
Notified as per the new definition More

BOOKS
Book on China released
In China, religion was replaced by the Communist Party, but now more than even communism, money making seems to be the new ideology, says Smoke and Mirrors: An Experience of China, a book written by Ms Pallavi Aiyar. The book, ... More

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