INDUSTRY & ECONOMY
EMPLOYMENT
Asians to dominate global labour force: Study
BY 2010, nearly half the world's population over the age of 50 will be in Asia; 90 per cent of the world's scientists and engineers will be Asians working in Asia and half the world's labour force will be in India and China, according to the ...
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NON-CONVENTIONAL ENERGY
Wind power generation poised for rapid growth
WIND power generation in the country is poised for a major growth in the coming years. Venture capitalists, who hesitated to fund wind power projects a decade ago, are now going out of their way to finance wind energy initiatives, according to Dr ...
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ECONOMY
Panel to review economic laws, rules
THE UPA Government has decided to set up a standing committee to review all economic legislations and rules on a continuous basis. The committee will have representation from both the Government and the industry. This was decided at the second ...
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FOREIGN TRADE
India and Russia must tap each other's strengths: Putin
THE Russian President, Mr Vladimir Putin, said on Saturday that both Russia and India should leverage each other's strengths to develop software for exporting to a third market. Addressing a joint meeting of the Confederation of Indian Industry ...
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Indo-Russian working group to prepare draft agreement on IT
INDIA and Russia plan to enter into an inter-governmental collaborative agreement on information technology early next year, said the Russian Minister for Communications and IT, Mr Leonid Reiman, here on Saturday. Mr Reiman, who held ...
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TAXATION
Service tax on goods transport agencies from New Year
The Government, on Friday, issued four notifications prescribing the modalities for levy and collection of service tax on the goods transport agencies. The notifications have been issued after taking into account the recommendations made by a ...
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VAT implementation well on course — `Key role for CAs in obligatory audit'
THE implementation of value-added tax (VAT) all over the country from April 1 seems to be well on course as all 29 States of the Union, barring Uttar Pradesh, are ready with their draft VAT Bills. The UP Government's reservations on VAT ...
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TEXTILES
`India ready to meet post-quota challenges'
IS the country ready to meet the challenges in a post-quota regime? Yes, according to the CIAE (Confederation of Indian Apparel Exporters) President, Mr Amit Goyal. He said there was great anxiety and excitement over how the trade community in ...
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RADIO/TV
Non-payment of dues by cable network — ESPN, STAR Sports go off air on Hathway platform in Delhi
SPORTS enthusiasts in parts of Delhi may miss out on a lot of action including the forthcoming India-Bangladesh series as the ESPN and STAR Sports channels went off the air on the Hathway cable network due to non-payment of subscription fee by ...
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GEMS & JEWELLERY
Jewellery demand may take a hit on higher gold prices
DEMAND for gold jewellery in the country during the current quarter (Q4) of 2004 is likely to be affected to some extent by the rise in the prices of the yellow metal in November, according to World Gold Council (WGC) report. However, the ...
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INDUSTRY ASSOCIATIONS
Rupee may continue to gain for 3-4 months: PHDCCI survey
THE hardening of the rupee against the dollar is expected to continue for the next three to four months due to the US economy's big trade deficit and weakening of the dollar against other currencies such as the euro and pound sterling, a PHDCCI ...
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WTO
`Entry barriers need to be lowered for developing nations'
DEVELOPED countries need to be more sensitive to the needs of developing countries in multilateral negotiations or these will hit an obstacle and give way to regional trade negotiations, according to Dr S. Narayan, former economic advisor to the ...
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EVENTS
CII, FICCI told to `prepare teams' for IBSA Business Summit
THE Confederation of Indian Industry (CII) and the Federation of Indian Chamber of Commerce and Industry (FICCI) have been asked to "prepare delegations" for the India, Brazil, South Africa (IBSA) Business Summit that is to be held in South ...
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OUTLOOK
FMCG, consumer durables markets set to `explode' in next 20 years
MARKETS for housing, consumer durables and FMCGs are set to explode over the next 20 years (according to data collected from the CMIE and the 2001 Census, before the bifurcation of Bihar, MP and UP). Those now in the 5 to 24 age groups, among ...
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