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Ministry ratifies EPF rate of 9.5 pc — Awaits CBT nod for 2004--05 rate
THE Finance Ministry has ratified the interest rate of 9.5 per cent for 2002-03 and 2003-04 on the employee provident fund accumulations of about four crore subscribers of the EPF scheme. For 2004-05, the Ministry is awaiting the final ...
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A Bill to whittle down money laundering Act
THE Union Finance Minister, Mr P. Chidambaram, on Friday introduced a Bill in the Lok Sabha, which seeks to omit an existing clause that treated every offence punishable under the Prevention of Money Laundering Act, 2002, as a cognisable offence. ...
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Sensex down 130 on bearish sentiment
A HOST of factors primarily led by the rate increase by the Reserve Bank of India affected the market sentiment leading to a 129.76-point fall in the Sensex on Friday. Bearishness in international markets, lower than expected results announced ...
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`Japanese firms ready to expand in India'
CALLING for co-operation between India and Japan at the bilateral, regional and global levels, the Japanese Prime Minister, Mr Junichiro Koizumi, on Friday said many Japanese firms are willing to invest in India and expand their businesses, ...
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HLL Q1 net declines 14.6 pc at Rs 258 cr — Sales go up 6.5 per cent
HINDUSTAN Lever Ltd (HLL) on Friday reported a 14.58 per cent decline in its first quarter profit after tax (before exceptional items) to Rs 258.72 crore from the previous corresponding Rs 302.91 crore. Net profit after exceptional items was Rs ...
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Import surge leaves trade deficit at all-time high
THE country's merchandise exports during 2004-05 touched a record $79.59 billion, fuelled by sustained demand abroad for traditional and non-traditional items, even as the trade deficit also set a record level of $26.6 billion following an ...
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Inflation rises on costlier manufactured products
THE annual wholesale price index-based inflation rose to a four-month high of 5.64 per cent during the week ended April 16 from 5.48 per cent during the previous week. The year-on-year WPI inflation surged by 0.16 per cent mainly on account of ...
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