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Concern rises within Govt over default on patents deadline — Country's credibility at stake'
WITH only a few days to go for the patents deadline to lapse, the Government has expressed serious apprehensions on the fallout of any default in its commitment to introduce a product patent regime by January 1, 2005. The Ministry of Commerce ...
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Cabinet defers decision on Patents Bill
THE Cabinet today deferred a decision on the crucial Patents (Third Amendment) Bill, which would have paved the way for having in place a product patent regime by January 1. It discussed various options, including the implications of not ...
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Sensex crosses 6,500 intra-day, gains 56 points — RIL rises ahead of Monday's meet
STOCK prices continued to rule firm, with the BSE Sensex crossing the 6,500 levels for the first time on Friday. Interest in Reliance Industries Ltd (RIL) stock further buoyed market sentiment. At close, the Sensex gained 56.21 points to close ...
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SEBI panel moots changes to margin trading norms
A SEBI committee has suggested that banks accept fixed deposits and bank guarantee as cash equivalent for initial margins, while using margin trading facility. This forms part of a set of recommendations made by the secondary market advisory ...
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Evolve code of conduct for issuing credit cards, RBI tells banks
The Reserve Bank of India has asked the Indian Banks' Association (IBA) to evolve a code of conduct to be adopted voluntarily by banks. This follows a meeting on Friday between the RBI and banks issuing credit cards. Banks have also advised ...
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Sweat equity, an overview
NOW that Mr Mukesh Ambani has decided to renounce his 12 per cent sweat equity or 50 crore shares in Reliance Infocomm, valued at Rs 5,000 crore, the concept of `sweat equity' has come into focus. The phrase `sweat equity' refers to equity ...
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IRDA may draft new norms for unit plans
THE insurance regulator has called a meeting of all insurers on Monday to discuss issues that may radically change the structure, pricing and benefits of at least some of the products in the fledgling Indian market. The meeting of insurance ...
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To guard against misappropriation — Govt intensifies efforts to digitise traditional knowledge base
THE Government may have left the Patents Amendment Bill hanging, but intensive efforts are on within the country to protect its very own traditional knowledge base from being misappropriated and patented abroad. The National Institute of ...
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Inflation declines on cheaper food items, fuel
THE annual wholesale price-based inflation continued with its declining trend and fell to 6.73 per cent for the week ended December 11, from 7.02 per cent during the previous week. The year-on-year inflation was down 0.29 per cent to a 21-week ...
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Cabinet defers decision on setting up pension regulatory body
THE Cabinet today deferred its decision on setting up a full-fledged Pension Fund Regulatory and Development Authority (PFRDA) as it could not reach a consensus on the issue. According to Government sources, the option of promulgating an ...
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