Economy
India branch of IFA sets up tax academy
THE India branch of the International Fiscal Association (IFA) has set up a tax academy -- `IFA International Tax Academy' -- to undertake research and studies on international tax issues, tax management and tax administration.

`Append commodities codes system with amended CST Act'
THE national-level conference of Commercial Taxes Commissioners from States held here has opined that the proposed amendment of the Central Sales Tax (CST) Act presents an ideal opportunity for the introduction of a Uniform Commodity Nomenclature, Classi fication and Coding (UCNCC) mechanism for inter-State and intra-State taxation in the country.

Inflation Watch
Inflation Watch
THE annual rate of inflation measured in terms of the wholesale price index (WPI) on a point-to-point basis remained unchanged at 8.16 per cent for the latest recorded week ended January 6, 2001. Thus, the WPI-based inflation rate has ruled above the eig ht per cent mark for the fifth consecutive week.

Infrastructure
Infrastructure industries clock 7.7 pc growth in April-Dec
THE six infrastructure industries namely electricity, coal, steel, crude petroleum, petroleum refinery products and cement have registered a growth of 7.7 per cent in the first nine months of the current fiscal (April-December 2000).

Miscellaneous
Immigration to OECD countries on the rise
THE Organisation for Economic Cooperation and Development (OECD) has said that immigration flows to advanced countries continue to increase, with Germany and the US remaining the major receiving countries in absolute terms.

Technology
ISRO ties up with Karnataka -- GIS-based models for development, e-governance
THE Indian Space Research Organisation (ISRO) and the Karnataka Government have come together to work out GIS-based urban and rural models for development and e-governance.

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