INDUSTRY & ECONOMY
BUDGET
EOU body presents pre-budget wishlist
A DELEGATION led by the Chairman of the Export Promotion Council for Export-Oriented Units and Special Economic Zone (EPCES) met the Union Commerce & Industry Minister, Mr Kamal Nath, to present pre-Budget and pre-Exim Policy memorandum, ...
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Allow banks to develop gold-backed products: WGC
BANKS and financial institutions should be allowed to trade on the commodities exchange on "spot price" basis, according to the World Gold Council (WGC). In a pre-Budget memorandum to the Government, the council has suggested that banks be ...
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ECONOMY
`Indian companies will gain from China foray'
SUNDRAM Fasteners Ltd has built enough floor space at its Chinese plant to handle four times its capacity. "This is something we learnt from the Chinese," says Mr Suresh Krishna, Chairman and Managing Director, Sundram Fasteners. He explains that ...
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POWER
AP unfazed by World Bank remarks on free power
THE Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, said that "there is nothing new" in the World Bank officials statement in New Delhi that free power for agriculture sector was not a "good idea". "The World Bank generally is not in ...
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BHEL develops bowl mill for thermal stations
BHEL's Ramachandrapuram unit has for the first time in the country developed a higher capacity bowl mill to cater to the needs of super thermal power stations of 660 MW and above. The first such mill was flagged off to the Chandrapur Super ...
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TEXTILES
Coimbatore textile institute inaugurated
THE Powerloom Development and Export Promotion Council (PDEXCIL) will contribute funds for putting up additional building in the newly launched Sardar Vallabhbhai Patel Institute of Textile Management (SVPITM) here. Similarly, efforts are on ...
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SSI
`Promotional package for SSI sector soon'
THE Government has said it would soon come out with a `comprehensive promotional package' for the small scale and agro rural industries. Under the package, the basic needs of the sector such as availability of credit, marketing, technology ...
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CARS
Bike owners' upgrade to drive compact car sales
COMPACT cars are likely to remain the dominant segment in India as two-wheeler owners upgrade to automobiles, taking advantage of the attractive finance schemes and declining prices of passenger cars. According to a study conducted by market ...
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READYMADE GARMENTS
Modest spurt in apparel exports in April-May
THE country's apparel export sector, which suffered last year because of the hardening of rupee and adverse market conditions abroad particularly in the main US market, appears to have arrested the decline by posting a modest spurt in volume and ...
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BIO-TECH & GENETICS
Karnataka may give further thrust to biotech sector
THE Karnataka Government could make a reappraisal of the biotech policy to see if any new inputs have to be incorporated in view of the increasing importance gained by the sector. Hinting at this possibility, Mr Shankaralinge Gowda, Secretary, ...
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SCIENCE & TECHNOLOGY
18 young scientists to meet Nobel Laureates
THE Department of Science and Technology (DST) has selected 18 young scientists from the discipline of Physics who will get to interact with Nobel Laureates at Lindau, Germany, and visit German institutions. The 18 young scientists will be in ...
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SMALL SAVINGS
Assocham opposes hike in EPF rate
SOCIAL WELFARE
Got an interview call? Travel by train at 50 pc discount
THE next time you travel outstation to appear for a written test or interview for a Government job, the Railways would offer you a 50 per cent discount. The Railways Minister, Mr Laloo Prasad Yadav, has given an in-principle approval to the ...
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RURAL DEVELOPMENT
Chief Ministers' conclave to focus on Panchayati Raj
THE Centre will ensure that funds allocated under poverty alleviation and rural development schemes are not diverted or delayed, the Panchayati Raj Minister, Mr Mani Shankar Aiyar, said today. The Government has invited the Chief Ministers and ...
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HUMAN RESOURCES
UAE to implement new regulation for cos recruiting expatriate labour
A NEW regulation for companies in the UAE recruiting expatriate labour that is scheduled to come into effect in October this year, has been welcomed by Indian mission officials as having the potential to safeguard workers' interests and prevent ...
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