INDUSTRY & ECONOMY
LOTTERY
Karnataka bans online lottery
THE first State to start online lotteries in the country has gone and done what it has been saying these months: Ban it. Karnataka stands to lose around Rs 300 crore by its move, as the Chief Minister, Mr Dharam Singh, has admitted. The intent ...
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OUTSOURCING
Policy review mooted to make India global sourcing hub
THE Government has called for a review of policies to make India an integral sourcing hub for the global manufacturing chain. ``We need to further review the policy environment and see how the export of manufactured products from India can be ...
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ANTI-DUMPING
Dumping probe on certain rubber chemicals from China
THE Designated Authority in the Commerce Ministry has initiated anti-dumping investigation into the import of certain rubber chemicals known technically as MBT, MBTS, CBS (accelerator chemicals) and PVI originating in or exported from China. The ...
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BUDGET
Transaction tax concerns will be addressed: Chidambaram
THE Finance Minister, Mr P. Chidambaram, clearly indicated on Saturday that there would be changes in the securities transaction tax (STT) to address the concerns of the investing community. The Union Budget had proposed to levy a 0.15 per cent ...
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HEALTH
Cadila Pharma launches acid control drug
The drug, developed to meet the persistent demand from gastroenterologists and gastro-surgeons, is priced to make it affordable.
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POWER
Karnataka Govt rules out free power to farmers
RULING out supply of free power to farmers, which was the main plank on which the Congress (I) won the Assembly election in Andhra Pradesh, the Karnataka coalition Government today announced its Common Minimum Programme (CMP) that gives primacy ...
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STEEL
SAIL wheels power from Durgapur to Bhilai
STEEL Authority of India Ltd (SAIL) has become the first company in the country to record inter-State transmission of power between two captive power plants making use of the provisions of open access in transmission system under the Electricity ...
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TAXATION
Transaction tax to be graded for different market segments
THE Finance Ministry has modified the proposal on the securities transaction tax, which is intended to be imposed on the equity and debt trading for the first time. According to Ministry sources, the proposal is not going to be withdrawn ...
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7-member expert panel appointed for VAT implementation
THE Government has announced the constitution of a seven-member Expert Technical Committee for ensuring smooth implementation of value added tax (VAT) from April 1, 2005. The Committee, appointed by the Finance Ministry, comprises Dr Govinda ...
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ELECTRICAL GOODS
Electrical industry sure of posting 15 pc growth
BUOYED by the projects in the pipeline for the power sector and the revival of the steel sector, the electrical industry is confident of registering a growth of around 15 per cent in the years ahead. In 2003-04, the industry registered a 14 per ...
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FOREIGN DIRECT INVESTMENT
PM hopes to resolve FDI issue through dialogue
THE Prime Minister, Dr Manmohan Singh, today said the heat generated over the Budget proposal to hike foreign direct investment (FDI) cap in civil aviation, insurance and telecommunications, even by allies of the Left parties supporting from ...
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