INDUSTRY & ECONOMY
BUDGET
It may now pay to spread units — Excise, fiscal sops likely for `disaggregation' of production
THE 2004-05 Union Budget is likely to announce excise and other fiscal sops for companies to `disaggregate' production with a view to spreading their manufacturing activity across multiple locations. This is as against the present model where ...
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CONSUMER ELECTRONICS
Consumer electronics industry calls for VAT regime
THE consumer electronics industry has urged the Government for the introduction of a composite value-added tax (VAT) regime and reduction of customs duty. In its pre-Budget recommendations, the Consumer Electronics and TV Manufacturers ...
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ECONOMY
Montek to take charge in Plan panel on July 1 — Says aim is to translate CMP into operational programmes
THE Planning Commission Deputy Chairman-designate, Dr Montek Singh Ahulwalia, today said that he would formally take charge of office on July 1 after which only he would be able to reveal his priorities and plan of action to implement the ...
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FOREIGN TRADE
Indian trade fair in Colombo to focus on bilateral trade
THE Sri Lanka Exhibition and Convention Centre (SLECC) in collaboration with Kontak Exhibition & Fairs is organising `Indian Trade Fair 2004' from October 13 to 17 in Colombo. Ms Shanti Outschroon, General Manager, SLECC, said that Sri Lanka ...
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HEALTH
Govt to set up national taskforce on diabetes
WITH diabetes assuming proportions of an epidemic, the UPA (United Progressive Alliance) Government has decided to set up a National Taskforce on Diabetes. Announcing this at a press conference here on Saturday, the Union Minister for Health ...
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PETROLEUM
Petrol, diesel sales up 10 pc in May
PETROLEUM products sales soared this May with a growth of 10 per cent compared to a fall of 3.5 per cent last May, a relief for oil marketing companies plagued by squeezed retail margins because of high crude prices. Retail sales of diesel, ...
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POWER
NFC generates cumulative surplus of Rs 631.7 cr
THE Nuclear Fuel Complex (NFC), a Department of Atomic Energy (DAE) undertaking, has generated a net cumulative surplus of Rs 631.7 crore for the exchequer. For the financial year ended March 31, NFC's revenues stood at Rs 710.35 crore (Rs ...
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TYRES
Truck, bus tyre production down at 8.8 lakh units in April
AFTER staging a comeback in March 2004, truck and bus tyre production slipped in April to 8.8 lakh units against 9.43 lakh units in the previous month. The production performance in April this year was however much higher than the production ...
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EDUCATION
Financial grants to strong IIMs may go
THE Union Human Resource Development Ministry is considering the discontinuation of financial grants to the three financially stronger IIMs. According to highly placed sources in the ministry and in the institutes concerned, IIM-Ahmedabad, ...
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IIMA maintains status quo on fee; to provide need-based scholarship
THE Indian Institute of Management, Ahmedabad (IIMA) has reiterated what the other IIMs have done in the recent days by announcing a status quo on its annual fee of Rs 1,58,350. The IIMA has also decided to maintain status quo in another area ...
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FOODS & FOOD PROCESSING
Sahay begins consultations on Integrated Food Law
THE Food Processing Minister, Mr Subodh Kant Sahay, has begun the process of consultation with other ministries so that the much-delayed Integrated Food Law may become a reality. After having made a presentation to the Food and Agriculture ...
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HANDLOOM
Tata group to help AP handloom weavers
THE Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, said that the Tata Group had agreed to help the handloom weavers in the State in production and marketing of value-added handloom apparel. The representatives of the group agreed to ...
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CINEMA
Romantic comedy films rule box office in Bollywood
A FILM portraying the grim realities of communal conflicts is set aside at the box office while a light-hearted hackneyed romantic comedy comes out a surprise winner. Co-produced by Aditya Birla Group's Applause Entertainment, Dev has ...
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INDUSTRIAL POLICY
Centre plans SEZs in 10 States to attract NRI funds
LAUNCHING a major initiative to attract NRI investments into India, the Union Government has decided to set up special economic zones (SEZs) with highly developed infrastructural facilities in all State capitals. In the first phase, at least 10 ...
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EXPORTS & IMPORTS
Spices exports target fixed at Rs 2,000 cr
THE Union Commerce Ministry has set a target of Rs 2,000 crore for spices export during the current fiscal, up Rs 100 crore over the last fiscal. The Ministry has approved an export target of 2,50,000 tonnes in volume for 2004-05, as against ...
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