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Gap between inflation estimates widening
IT may be a plain coincidence. Ever since the United Progressive Alliance (UPA) Government assumed power at the Centre, the gap between the `final' and `provisional' estimates of the annual wholesale price index (WPI)-based inflation has been ...
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Inflation flares up on costlier fuel, power
THE annual wholesale price index (WPI)-based inflation rate touched a four-year high of 8.33 per cent for the week ended August 28, against an inflation of 8.17 per cent registered during the previous week. According to the data released on ...
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RBI in quality drive; to go for ISO 9000
Besides improving its counter-related services and currency management, the regulator for the banking sector also wants to streamline its process of regulation and supervision. The RBI Deputy Governor, Ms K.J. Udeshi, on Friday said to begin ...
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ITC gets Rs 803-cr excise relief
THE Supreme Court, which granted Rs 803-crore excise duty relief on Thursday to ITC Ltd, today reiterated its judgment by quashing the orders passed by the Customs, Excise and Gold (Control) Appellate Tribunal (CEGAT) rejecting the plea of the ...
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DSQ debarred from market for 10 years
THE Securities and Exchange Board of India (SEBI) has debarred DSQ Software Ltd (DSQ) and its Managing Director, Mr Dinesh Dalmia, from the securities market for 10 years. The SEBI has also ordered DSQ and Mr Dalmia to deposit Rs 630 crore in a ...
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Cars could be cheaper but for the taxman
ASHWIN, a software engineer in Bangalore, just drove home a brand new Indica V2 after paying Rs 4.20 lakh. Little does he know that but for taxes and assorted levies, his new car would have been cheaper by as much as Rs 1.70 lakh or 70 per ...
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Sensex up 71 on all-round buying
THE stock markets witnessed a sharp rally today with the BSE Sensex closing at the highest level since the `Black Monday' on May 17. The stocks witnessed all-round buying, with both institutions and retail investors participating. The Sensex ...
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Industrial growth touches 7.9 per cent in July
AMIDST the gloom of wholesale inflation rate touching a three-and-a-half high of 8.33 per cent comes news of Indian industry truly on a roll. The latest `quick estimates' of the official Index of Industrial Production (IIP) for July reveal a ...
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President okays Finance Bill
THE Finance Bill 2004 has received the assent of the President, Dr A.P.J. Abdul Kalam. With the President giving his assent to the Bill on Friday, the Finance Bill has been enacted into a law. Parliament had on August 26 this year passed the ...
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Bank mergers a pipedream
THE Union Finance Minister, Mr P. Chidambaram, wants the boards of public sector banks to push for mergers when these banks (hence the boards) are owned by the Government, with the minimum stake being 51 per cent in public sector banks and with ...
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Floating rate funds - flavour of the market
WITH fund houses' `interest rate outlook' anticipating a hardening in the near future and with the bond markets remaining volatile, floating rate funds and dynamic bonds continue to be the flavour of the moment for asset management companies. ...
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Scientists discover barrier to raindrops reaching drizzle size
SCIENTISTS with the US Department of Energy have discovered what they describe as a statistical barrier to the number of raindrops that achieve drizzle size, a barrier that paradoxically speeds up drizzle formation. A physical limit on the ...
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