News flash : AI crisis threatens to snowball ; management terms protests illegal, workers warn of stepped- up action | Rail Budget 2009: A bogie of concessions and populist measures ; passenger fares, freight rates unchanged, West Bengal gets bonanza ; Kolkata Metro to be extended to more stations ; 57 new Trains to be introduced + Dozens of existing trains extended Turanto Scheme: Railways to introduce 12 NON-STOP point to point trains ; Izzat Scheme: Rs 225 monthly pass scheme for travel upto 100 km proposed + more concessions to students and minorities ; Railways land bank to be utilised for industrial development ; Container service: Premium service to be introduced Optic Fibre Cable Network: Sam Pitroda to head panel to suggest measures for commercial exploitation | Medical colleges to be set up in association with Railways hospitals on PPP model + Burn wards to be created at hospitals in metros Railways to raise battallion of women security personnel ; Double-decker coaches to be introduced for inter-city travelling Post Offices to offer railway tickets + Mobile ticket vans to be introduced | All MPs invited to suggest one place in their constituencies for ticket reservation centre | Govt to consider appointing doctors in long-distance trains | Railways to develop multi-functional complexes at 50 Stations 375 Stations to be developed as 'model stations' 'Janata Khana' to get priority in catering Mamta's priority: cleanliness, punctuality and good quality food | Five Indian firms in shortlist to exploit Afghan iron ore deposit | Govt clarifies no stamp duty exemption to SEZ developers for purchase or sale of land outside notified SEZ; notifies guidelines | Ambanis move SC on K-G gas case | I-T - perquisite - foreign national - employer pays to US Federal Insurance Authorities for social security benefits - AO treats it as perquisite - held, contribution to welfare schemes which entitles assessee to receive benefits only upon contingency, is not taxable perquisite | SBI offers Bharti Airtel Rs 4.8k-crore for MTN | Govt to enact Food Security Law to guarantee food to all citizens | India Inc praises Mamata budget | Income tax - end to end international long distance telecommunication services - not royalty; not fee for technical services; no permanent establishment - no tax payable in India by foreign company and no TDS: Advance Ruling | Air India staff have not yet understood gravity of fiscal situation : Jadhav | Overlapping duty rates due to multiple exemption notifications | NHPC, OIL divestment by March 2010 | Hindustan Unilever seeks to streamline its product portfolio; looks to eliminate and rationalise the tail- end of its stock keeping units, which amount to nearly 1,200 | Transfer pricing - price adjustment - CII for hiking price margin to (+/-) 10% I-T - deduction u/s 80HHC - CIT(A) directs AO to exclude excise duty and sales tax paid from total turnover for purpose of deduction - Held, in view of Apex Court decisions issue is no-longer res-integra | Century Textiles to develop Worli mill land for Rs 625 crore | UN body hails Delhi HC decision to decriminalise homosexuality | Govt lifts ban on wheat export |Mamata's bounty for West Bengal, bypassing Bihar | No proposal from CJI to set up SC Bench in South India: Law Minister | Economic Survey expresses concern over proliferation of SEZs | Employees gain : FBT is likely to be removed | I-T - Sec 57(iii) - deduction for interest on deposits with banks and on rent received from employees and oustees of dam - Revenue disallows - held, since construction had not commenced, interest income to be treated as capital receipt and deductions allowed: HC | AI told to start low- cost service | Multi-barrel attack on drugs syndicates: DRI makes a series of seizures across India | Non-stop trains can derail airlines' growth | CBDT to issue CITs' Annual General Transfer order post-Budget CESTAT - ROM is permissible even while matter is pending with Third Member - Tribunal has to frame points for determination and each point has to be answered: Bombay HC | 'Allow 24% FDI in FM radio'| Regulatory body for real estate sector mooted | 'Survey seeks end to cesses and FBT | 1.6% agriculture growth in '08-09 is a matter of concern, sector needs higher investments ( See 'Breaking News') | Commodity bubble would spark inflation to average 5% in 09-10 ( See 'Breaking News') |No proposal from CJI to set up SC Bench in South India: Law Minister | Disinvestment target set at Rs 25k crore | Economic Survey expresses concern over proliferation of SEZs | I-T - Sec 57(iii) - deduction for interest on deposits with banks and on rent received from employees and oustees of dam - Revenue disallows - held, since construction had not commenced, interest income to be treated as capital receipt and deductions allowed: HC | Call to allow free trade in spectrum | Multi-barrel attack on drugs syndicates: DRI makes a series of seizures across India | ' 'Ease FDI in insurance, retail to boost growth' |CBDT to issue CITs' Annual General Transfer order post-Budget CESTAT - ROM is permissible even while matter is pending with Third Member - Tribunal has to frame points for determination and each point has to be answered: Bombay HC | AI to give revamp plan in 30 days, SBI caps to help | I-T - Transfer Pricing - determination of ALP - TPO can invoke proviso to Rule 10B(4) for using prior years' data provided such data influences determination of transfer price - otherwise, it is mandatory for TPO not to ignore data relating to pertinent financial year: ITAT | Balancing act : Zero fiscal deficit is target | Income Tax - TDS - Remittances to non-residents under section 195 - Procedure for furnishing information | No penalty can be imposed under section 11AC of Central Excise Act, 1944 in respect of non-payment of amount due under Rule 6(3)(b) of Cenvat Credit Rules, 2004: CESTAT | Economy is sound, let's push reforms,says Economic Survey | Truckers to up rentals 6 to 12% | ST - construction of complex service - abatement of 67% - Assessee first avails credit on input services and also capital goods - then reverses same to avail abatement - Revenue denies it - held, once credit is reversed, assessee can avail other benefits | Wockhardt facing Rs 1,414-crore debt if CDR fails ; Auditors | Criminals pumping illegal money in football: FATF Report | AI staff to stage massive walkout today |Cenvat Credit not available on Security services, Rent-a-cab services, Mobile Telephony services as appellants have not adduced evidence to establish nexus, if any, between the 'services' and the manufacture of final products: CESTAT | Tech M stake in Satyam to be 42.7% after preferential issue | Base Paint sold to customers after mixing with colourant at dealers' premises is assessable under Section 4A of Central Excise Act: CESTAT | Tata Steel to sell GDRs for $600 million | Customs - confiscation of truck trailers - trailers given on rent - no mention in order as to how and which provision of law was contravened - no finding that containers contained smuggled goods - appellant not covered u/s 115(2) of Customs | Govt to review Companies Bill without tinkering ; Bill unlikely to be declared in the current session of Parliament | Deduction under section 80IB (10) in respect of undertakings developing building and housing projects - CBDT Clarifies | Govt under pressure to review fuel price rise | Income tax - Profit on sale of depreciable assets - To be assessed as Short-term Capital Gains u/s 50 and not as Business income u/s 41(2) | Refineries seek import duty cut on raw gold | Service Tax - Construction of Dam, Roads and tunnel as part of a Power Project - No Tax : Commissioner | Binani Zinc to treble capacity by '11 |Survey fails to lift market sentiment | I-T - Sec 263 - Assessment order without enquiry on allowability of deduction u/s 80IB on duty drawback - held, AO cannot remain passive in face of a return which is apparently in order but calls for further enquiry | Survey recommends agenda for commodity market reforms | CBDT posts 7 OSDs in Board - FT & TR, FTD, Inv and V & L | Govt hikes petrol price by Rs 4 per litre and diesel price by Rs 2 per litre from midnight ; no change in cooking gas, kerosene prices, negligible impact on inflation | Govt reviews ECB Policy; disallows automatic route to violators | Hindalco closes Novelis plant in UK, to recast capex plan | Income Tax Ombudsmen appointed - Pramod Kumar gets Bangalore ; Mumbai goes to A K Handa; Usha Gupta gets Kanpur; A K Jain (Delhi) and M C Katheriya (Ahmedabad) | Tech M now has 42% stake in Satyam | I-T - xeroxed copy of audit report certified by Director in absence of CA - AO objects - penalty - held, since there was bona fide cause for failure and there is no difference between photocopy and original, AO should have issued defect memo rather than initiating penalty : ITAT | FM approves FDI worth Rs 85 crore | Income tax - Microsoft subsidiary files return - claims business profits but no PE in India - Intimation u/s 143(1) - AO treats it as royalty and raises demand - Revenue cannot change character of income while acting u/s 143(1) - it can be done only during course of regular assessment: ITAT | Exports boosts Maruti, Hyundai sales in June | Cenvat Credit not available on Security services, Rent-a-cab services, Mobile Telephony services as appellants have not adduced evidence to establish nexus, if any, between the 'services' and the manufacture of final products: CESTAT | The Central Excise Baby DOSO | RIL decides to take RNRL to apex court on gas supply issue | Base Paint sold to customers after mixing with colourant at dealers' premises is assessable under Section 4A of Central Excise Act: CESTAT | JLR dangles carrot to push back salaries for 15 days | Amend Income Tax law on charity | Airtel enables 'business on the go' with cellphones | Customs - confiscation of truck trailers - trailers given on rent - no mention in order as to how and which provision of law was contravened - no finding that containers contained smuggled goods appellant not covered u/s 115(2) of Customs | Exports down by 29.2%; imports 39.2% in May ; merchandise exports contracted for the eighth consecutive month | Deduction under section 80IB (10) in respect of undertakings developing building and housing projects - CBDT Clarifies | Income tax - Profit on sale of depreciable assets To be assessed as Short-term Capital Gains u/s 50 and not as Business income u/s 41(2) | ICAI to conclude probe on Satyam scam by year-end | I-T - Sec 263 - Assessment order without enquiry on allowability of deduction u/s 80IB on duty drawback held, AO cannot remain passive in face of a return which is apparently in order but calls for further enquiry | R&R Bill 2007 , Land Acquisition Amend Bill face Mamata hurdle ; several large industrial projects have run into problems as a result of controversies over land acquisition | CBDT posts 7 OSDs in Board - FT & TR, FTD, Inv and V & L | As expected, CBDT again postpones implementation of UTN-based TDS system notified vide Notification No 31; Taxpayers advised to file returns without UTN | Sebi entry load ban may reduce NFOs | Govt appoints Ms Nirupama Rao as next Foreign Secretary + Mr M N Prasad, IAS of 1972 batch in PMO on contract basis TRAI looking for Legal Advisors on deputation | Quota in IIT faculties to stay ,says Sibal | Core Sector looking up; registers 2.8% growth rate in May | Give legal cover to judges, they will declare assets, says CJI |RIL defying court order : RNRL ; we are moving SC against HC judgment, says Ambani senior company | I-T - Sec 80P(2)(a)(i) - cooperative banks - interest income from investments in Kisan Vikas Patra & Indira Vikas Patra out of voluntary reserves - AO disallows - held, as long as investments are made out of funds from banking business, it is exempt income: Bombay HC | Shiv Nadar elevates daughter as HCL CEO | CBEC promotes, on ad hoc basis, 510 ACs ad Dy Commissioner | Deficit concern : Govt may not offer too many sops to industry | OECD urges all Members to keep doors open for migrant workers to meet future labour needs | SEZ developers get nod to raise funds overseas | I-T - non-resident - contract - percentage of completion method - No income to be offered for taxation if work not completed upto 25% of project; If there is no income, law does not cast duty to file return of income; HO expenses prior to setting up project office allowable: ITAT | R-Power in talks to sell 15% to foreign investor | Finance panel to provide compensation to states , UTs for 'flawless GST' implementation : Vijay Kelkar ( See 'Breaking News' ) | R. D. Goyal takes over as GAIL Director (Projects) | Press Notes 2,4 can't be retrospective , says FIPB | CBDT posts 7 OSDs in Board - FT & TR, FTD, Inv and V & L |PNB revises interest rates on non- resident deposits ( See 'Banking') | More emphasis on education sector, uniformity in taxation on packaged software mooted ( See ' Run- up to Budget 2009-10' ) | SBI improves its home loan offer | As expected, CBDT again postpones implementation of UTN-based TDS system notified vide Notification No 31; Taxpayers advised to file returns without UTN | No gas agreement with RNRL till govt approves, says RIL | Govt appoints Ms Nirupama Rao as next Foreign Secretary + Mr M N Prasad, IAS of 1972 batch in PMO on contract basis | TRAI looking for Legal Advisors on deputation | United Spirits raises Rs 950 crroe by selling 10 million Shaw Wallace shares ; plan to reduce leverage this year by a hird, more fund-raising to follow | Core sector looking up; registers 2.8% growth rate in May | I-T - Sec 80P(2)(a)(i) - cooperative banks - interest income from investments in Kisan Vikas Patra & Indira Vikas Patra out of voluntary reserves - AO disallows - held, as long as investments are made out of funds from banking business, it is exempt income: Bombay HC | CBEC promotes, on ad hoc basis, 510 ACs ad Dy Commissioner | OECD urges all Members to keep doors open for migrant workers to meet future labour needs | I-T - non-resident - contract - percentage of completion method - No income to be offered for taxation if work not completed upto 25% of project; If there is no income, law does not cast duty to file return of income; HO expenses prior to setting up project office allowable: ITAT | Govt to modify NREGA to plug loopholes |Liberhan panel submits Babri demolition report after 17 years | Customs - benefit of exemption notifications not allowed - Refund without challenging assessment - writ maintainable - assessment ordered to be modified: Bombay HC | Country's April- May fiscal deficit at over 27% of full-year target | Income Tax - Remittances to non-residents - Deductions - CBDT Instructions | France had banned crashed jet ; EU to propose airlines' blacklist | RIL refuses to sign gas pact ; says no deal on supply, pricing with RNRL without approval from govt | Indo-Mauritius DTAA - 'fixed place of business' should be in existence for a fairly long time - Applicant was in India for less than 9 months - NO PE - Not liable to pay tax in India: Advance Ruling | Govt may extend STPI tax benefit for one year | Service Tax - Value of SIM cards to be included in value of taxable services; since SIM cards are not goods, not liable to sales tax: High Court | Carlyle raises $ 1 billion , to invest in India, China | Goods falling under Tariff Heading 55.06 manufactured from duty paid inputs falling under Heading 55.01, entitled for exemption under Notification 30/2004-C.E: Bombay HC | Airlines look at possibility of fare hike as as fuel turns costlier again | Reddy's 100-day agenda: Excise exemption to public buses; Real Estate Regulator and more houses in Delhi | ST - Refund - construction of residential flats - refund claim on basis of Board's letter that no tax is leviable - unjust enrichment - held, since assessee's activities and unjust enrichment are to be examined in view of Board's letter, matter is remanded | Maharashtra ups VAT on mobiles, others may follow | CII for higher depreciation on IT products for SMEs

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QUOTES AND COMMENTS

 

Deflation & Indian Economy

"IT is a misconception that we are in a deflation mode, the figures released today are due to higher base effect. We are entering into an inflationary zone coupled with very low growth, a perfect mix for stagflation. In the coming budget to combat the situation of stagflation government must give lot of pressure on agriculture, infrastructure and software exports.

It is necessary that rather than giving sops to industries like housing, automobiles, cotton textiles, or industries that result in export of basic raw materials government spends on improving the agriculture output.

The call for the hour and the solution is simple, give extraordinary support to agriculture, water resource managment, education and export of high value added products. I do not understand why people are talking of deflation, with so much money being printed and put into the economy and other economic factors why are we talking of deflation.

We need to talk of stagflation, figures that say point to deflation are of temproray in nature and may last for 10-12 months only. I see a inflation economy in 2010. The next inflation numbers are likely to remain negative due to higher base effect."

Indian Economy & Inflation

WE have seen a surge in the positive sentiments across the world. Globally, liquidity in the system has increased drastically as of now, but, I see liquidity crunch reappearing after a gap of about six months thus we should see a sharp drop in liquidity in the 1st quarter of January. The positive sentiment across the world is driving the prices of crude upwards, keep in mind, as of now the price of crude is sentiment driven and is not based on fundamentals. I would not be surprised to see some shocks in the oil prices in the coming months. This sentiment driven price of crude will slow down the pace of growth. The other adverse impact of this higher crude price would be on inflation that I expect to move higher August 2009 onwards. Inflation would be a global phenomenon. In case the world does not get into the growth mode, I am quite sure of stagflation creeping into the word economy.

--Mr Siddharth Shankar, Economist

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SATURDAY JULY 04 2009

'

TOP STORIES >>>>

 

BREAKING STORIES

NEW DELHI, JULY 03 :
REGULATORY BODY FOR REAL ESTATE SECTOR MOOTED

NEW DELHI, JULY 03 :
'RAILWAY BUDGET ON EXPECTED LINES'

NEW DELHI , JULY 02 :
1.6% AGRICULTURE GROWTH IN `08-09 IS A MATTER OF CONCERN, SECTOR NEEDS HIGHER INVESTMENTS

NEW DELHI, JULY 01 :
COMMODITY BUBBLE WOULD SPARK INFLATION TO AVERAGE 5% IN 09-10

NEW DELHI, JULY 01 :
MORE EMPHASIS ON EDUCATION SECTOR , UNIFORMITY IN TAXATION ON PACKAGED SOFTWARE MOOTED

NEW DELHI, JUNE 30 :
IN APRIL - JUNE '09 , BANKS ,IT/ITES GIVE HIGHEST NUMBER OF JOBS

NEW DELHI, JUNE 29 :
FINANCE PANEL TO PROVIDE COMPENSATION TO STATES, UTs FOR `FLAWLESS GST' IMPLEMENTATION: VIJAY KELKAR

 

 

CORPORATE WATCH

HYDERABAD, JULY 03 :
PENNAR PAT UP 32% UP AT RS 38.09 CRORE ; PAYS 20% DIVIDEND

MUMBAI, JULY 02 :
BRANDHOUSE RETAILS NET PROFIT AT RS 133.9 MILLION; REVENUES UP 76% AT 5,523 MILLION

NEW DELHI, JULY 01 :
TATA MOTORS, INDIAN BANK SIGN AGREEMENT

NEW DELHI, JULY 01 :
CAGP IV RAISES $1.04 BILLION TO SUPPORT HIGH GROWTH ASIAN BUSINESSES

LENOVO REJIGS INDIAN CONSUMER PC MARKET WITH 7 NEW PRODUCTS

NEW DELHI, JULY 01 :
PNB REVISES INTEREST RATES ON NON -RESIDENT DEPOSITS

NEW DELHI, JUNE 30 :
LENOVO REJIGS INDIAN CONSUMER PC MARKET WITH 7 NEW PRODUCTS

NEW DELHI, JUNE 30 :
BOROUGE BOOSTS TIES WITH MACHINO POLYMERS FOR SUPPLY OF PP COMPOUNDS TO AUTO UNITS IN INDIA

 

 

REGULATORY BODY FOR REAL ESTATE SECTOR MOOTED

NEW DELHI, JULY 03 :
THE
real estate industry has only three expectations to be included in the wish list of the upcoming budget.
tc.

PENNAR PAT UP 32% UP AT RS 38.09 CRORE ; PAYS 20% DIVIDEND

HYDERABAD, JULY 03 :
THE
board of directors of Pennar Industries, an engineering major at its meeting on Friday recommended a dividend of 20 per cent amounting to Rs. 1 per equity share of Rs. 5 each.

'RAILWAY BUDGET ON EXPECTED LINES '

NEW DELHI, JULY 03 :
ASSOCHAM
president Mr. Sajjan Jindal complimented Railway Minister Ms. Mamta Banerjee for presenting a people and industry friendly railway budget since no increase in passenger fare and freight traffic has been proposed.

BRANDHOUSE RETAILS NET PROFIT AT RS 133.9 MILLION; REVENUES UP 76% AT 5,523 MILLION

MUMBAI, JULY 02 :
BRANDHOUSE
Retails Ltd. (BHRL), a fashion retailer in India , registered revenues of Rs 5,523 million for the year ended March 31 , 2009 as against Rs 3,138 million in the corresponding previous fiscal , up by 76 per cent . EBIDTA grew 32 per cent to Rs. 412 million from Rs. 312 million.

1.6% AGRICULTURE GROWTH IN `08-09 IS A MATTER OF CONCERN, SECTOR NEEDS HIGHER INVESTMENTS

NEW DELHI, JULY 02 :
DESPITE
global meltdown, India recording a GDP growth of 6.7 per cent in 2008-09 is a matter of satisfaction as projected in Economic Survey tabled here in the Parliament, says the ASSOCHAM President, Mr. Sajjan Jindal.

COMMODITY BUBBLE WOULD SPARK INFLATION TO AVERAGE 5% IN 09-10

NEW DELHI, JULY 01 :
DEFYING
current downward trend in headline inflation, continuing spike in commodity prices globally supported by poor monsoon and the fruits of fiscal and monetary measures are likely to trigger inflation to average near 5 per cent in FY 2009-10, according to an ASSOCHAM Eco Pulse Study.

MORE EMPHASIS ON EDUCATION SECTOR , UNIFORMITY IN TAXATION ON PACKAGED SOFTWARE MOOTED

NEW DELHI, JULY 01 :
FTK
Technologies , the developer of unique and comprehensive Indian languages word word processor software products, data entry software and online solutions, announces its wish list for Budget 2009.

PNB REVISES INTEREST RATES ON NON -RESIDENT DEPOSITS

NEW DELHI, JULY 01 :
PUNJAB
National Bank (PNB) has revised the rates of interest on FCNR (B) Deposits Scheme for US$, GBP, EURO, CAD and AUD deposits from July 1 , 2009.

TATA MOTORS, INDIAN BANK SIGN AGREEMENT

NEW DELHI, JULY 01 :
THE India's automobile major Tata Motors in its endeavour to expand customer base has entered into an understanding with the Indian Bank for financing of Fiat cars which are available through the Tata-Fiat dealer network.


CAGP IV RAISES $1.04 BILLION TO SUPPORT HIGH GROWTH ASIAN BUSINESSES

NEW DELHI, JULY 01 :
GLOBAL
private equity firm The Carlyle Group has closed its fourth Asian growth capital fund, Carlyle Asia Growth Partners IV (CAGP IV), a sector-agnostic growth capital fund which invests in high growth private companies with strong local management and leading market position in China, India, Korea and other key Asian markets.

LENOVO REJIGS INDIAN CONSUMER PC MARKET WITH 7 NEW PRODUCTS

NEW DELHI, JUNE 30 :
LENOVO
on Tuesday unveiled plan to lead the transformation in the Indian consumer PC market by launching 7 new products in multiple segments.

BOROUGE BOOSTS TIES WITH MACHINO POLYMERS FOR SUPPLY OF PP COMPOUNDS TO AUTO UNITS IN INDIA

NEW DELHI, JUNE 30 :
BOROUGE
, a provider of plastics solutions, is exploring new opportunities to enhance the supply of advanced polypropylene materials to the Indian automotive industry by starting a closer co-operation with Machino Polymers ,
a supplier of PP compounds to the automotive industry in India.

IN APRIL - JUNE '09 , BANKS ,IT/ITES GIVE HIGHEST NUMBER OF JOBS

NEW DELHI, JUNE 30 :
THE global
demand for tech-services is propelling Banking and IT/ITeS to emerge as the top employer, carving out a share of nearly 74 per cent in total hiring plans during first quarter of financial year 2009-10,
according to ASSOCHAM Placement Pattern (APP).

FINANCE PANEL TO PROVIDE COMPENSATION TO STATES AND UTs FOR `FLAWLESS GST' IMPLEMENTATION: VIJAY KELKAR

NEW DELHI, JUNE 29 :
IN
a bid to protect revenue losses of States and UTs on account of implementation of Goods and Service Tax (GST), 13th Finance Commission on Monday offered to provide them with `Compensation Package and also proposed to bring Construction, Real Estate and even Railways under ambit of GST.

BHEL WINS RS 170-CRORE CONTRACT FROM CHENNAI PETROLEUM

NEW DELHI, JUNE 29 :
BHARAT
Heavy Electricals Limited (BHEL) has secured a contract from Chennai Petroleum Corporation Limited (CPCL) for setting up an energy efficient and environment friendly co-generation power plant at its Manali Refinery.

INDIAN HANDICRAFT EXPORTERS BAG US$9 LAKH BUSINESS AT HONG KONG FAIR

NEW DELHI, JUNE 29 :
INDIAN
handicraft exporters generated a spot business of around US$ 2 lakh and registered serious enquiries worth over US$7.35 lakh at the four-day-long Asia's Fashion Jewellery and Accessories Fair (AFJAF) at Asia World Expo which concluded in Hong Kong recently.

3-PRONGED STEPS MOOTED TO NARROW WIDENING FISCAL DEFICIT

NEW DELHI, JUNE 29 :
TO
contain fiscal deficit raise resources thru’ PSU stake dilution, stable interest rate, low tax regime and tap G-20 global facility, says ASSOCHAM.

SEPARATE STIMULUS PACKAGE FOR HANDICRAFTS INDUSTRY URGED

NEW DELHI, JUNE 28 :
HANDICRAFTS
industry, which employs over seven millions artisans across the country and worst affected due to recent economic slowdown and decline in exports of about 48 per cent in 2008-09 over previous year, demands a separate stimulus package in the ensuing Budget for the revival of this vast sector inhabited mostly in rural areas.

CLIMATE CHANGE YOUR BIGGEST ENEMY , DR PACHAURI WARNS INDIAN ARMY

NEW DELHI, JUNE 28 :
DR
R.K. Pachauri, Padma Vibhushan, Director General, The Energy and Resources Institute (TERI) and Chairman of the Intergovernmental Panel on Climate Change (IPCC), gave this warning while delivering the keynote address at the convocation ceremony at the Military College of Telecommunication Engineering, Mhow.

MEDIA INTO THE HANDS OF VESTED INTERESTS

By RAVSJOURNO

THE mushrooming of the medium of information and the “business of news” has quite paradoxically started defeating the very purpose for which it actually exists.

GAIL CLEARS RS 7,500- CRORE INVESTMENT FOR SOUTHERN PIPELINES

NEW DELHI, JUNE 26 :
GAIL's
Board of Directors has accorded an investment approval of over Rs. 7,500 crore for laying Dabhol - Bengaluru and Kochi - Kanjirkkod - Bengaluru - Mangalore pipelines. The approvals were accorded at the recently held Board Meeting in Delhi.

 

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Thought of the day

When you are tired and complain about your job
Think of the unemployed, the disabled and those who wished they had your job

But before you think of pointing the finger or condemning another
Remember that not one of us are without sin and we all answer to one maker



And when depressing thoughts seem to get you down,
Put a smile on your face and thank God you're alive and still around

Life is a gift ……Live it... Enjoy it... Celebrate it... And fulfill it.

-Santosh Kumar Singh

 

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