INDUSTRY & ECONOMY
CEMENT
Clinker exports hold promise for cement units
FOR the cement industry, it's a clinker-led export boom. Even as cement exports have more or less stagnated due to sluggish demand, cement companies such as ACC and Sanghi Cement are betting heavily on clinker exports to Western Europe, West ...
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ECONOMY
Reforms making nations more resilient: IMF chief
THE Managing Director of the International Monetary Fund, Mr Rodrigo de Rato y Figaredo, has urged countries to take advantage of the economic recovery and stay on the path of reforms as well for the reason that the macro-economic strengthening ...
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FOREIGN TRADE
`Need to widen trade basket with Far East Asia'
COMMERCIAL representatives of Indian missions in the Far East Asia on Friday called upon the Indian industry to increase the volume of trade from the present levels of $20 million by widening the commodity trade basket. Representatives from ...
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PETROLEUM
Petroleum Ministry moots ad hoc hike in gas price
THE Government has proposed an ad hoc hike of Rs 350 per thousand cubic metre in the price of natural gas produced by Oil and Natural Gas Corporation. Power sector consumers, who account for 42 per cent of natural gas consumption, will be ...
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LPG, kerosene subsidies — ONGC, OIL and GAIL have to bear only a third of the burden
THE Government has decided to burden Oil and Natural Gas Corporation, GAIL (India) Ltd and Oil Indian Ltd with only one-third of the subsidy borne by public sector oil marketing companies on sale of LPG and kerosene during the second quarter of ...
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EDUCATION
Proceeds from education cess — Dedicated fund for primary education to be set up
PUTTING to rest all doubts on whether the monies collected from the 2 per cent education cess imposed in this year's Union Budget will actually go towards financing primary education, the Finance Ministry has decided to set up a dedicated ...
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LEATHER
Leather development project: Bengal CM unhappy over implementation delays
THE Council of Leather Exports (CLE) has requested the Planning Commission to ensure speedy implementation of the proposed Rs 400-crore integrated programme for development of the leather industry. Scheduled to commence during the ongoing Tenth ...
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SCIENCE & TECHNOLOGY
Defence scientists embark on making `smart' missiles
INDIAN defence scientists have embarked on the development of `smart' missiles, that are smaller, lighter, agile, and that can home-in to targets with greater accuracy and destroy, according to Dr V.K. Saraswat, Distinguished Scientist and ...
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TRADE & LABOUR UNIONS
`Amend Act to make cos allot 20% of shares to employees'
THE INTUC national president, Mr G. Sanjeeva Reddy, has said the Centre must amend the Companies Act so as to give effect to mandatory allotment of shares by companies to their employees and the minimum reservation of shares for the employees ...
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INCOME TAX
Salaried I-T assessees can file e-returns in 60 cities
SALARIED income-tax assessees in as many as 60 cities in the country, can now file their returns through the Internet. The Central Board of Direct Taxes has come up with a separate scheme for this purpose. This facility would be available from ...
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EXPORTS & IMPORTS
Edible oil imports likely to rise; record soya crop forecast
EDIBLE oil imports into the country were an estimated 6.26 lakh tonnes (lt) in September as per preliminary data made available to Business Line by the industry portal oilmandi.com. Arrivals last month comprised mainly 2.44 lt of crude ...
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PEOPLE
Prof K.N. Raj was an institution, says PM
THE Prime Minister, Dr Manmohan Singh, paid rich tributes to Prof K.N. Raj on his 80th birthday saying, "For my generation of economists, he was himself an institution." In a message read out at a seminar organised in honour of Prof Raj, the ...
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Sarma re-elected IBF President
NEW DELHI: THE Indian Broadcasting Federation has unanimously re-elected the Prasar Bharti CEO, Mr K.S. Sarma, as its President for 2004-05. At the annual general meeting here on Wednesday, the IBF board members also retained Mr Jawahar ...
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