INDUSTRY & ECONOMY
RESEARCH & DEVELOPMENT
Extend R&D tax benefits: Indo-US body
The Indo-American Chamber of Commerce (IACC) has asked the Government to extend the research and development expenditure benefits offered to companies under the Income-Tax Act by another 10 years. Expenditure incurred on approved ...
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NRIS
SBI hikes FCNR, NRE deposit rates
State Bank of India has hiked rates on FCNR (B) deposits across all currencies and maturities and on NRE rupee term deposits with effect from January 1. According to a press release, the revised rates on NRE term deposits of ...
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SIB hikes NRE rupee deposits
South Indian Bank has raised the interest rates for NRE rupee deposits. For maturity of one to two years, the rates have been revised to 6.33 per cent (6.24 per cent), while two to three year will command 6.16 per cent (6 per ...
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BUDGET
Call for bold mid-term corrections in Budget
Economists urge greater investment in infrastructure, irrigation
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ECONOMY
The Sisyphean task of forecasting
In today's dynamic, ever-evolving, just-in-time world, predicting the market is quite a Herculean and often imprecise task.
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Vehicle production may touch 10.9 million in 2006
Smaller transport vehicles expanded the market, says SIAM
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PETROLEUM
Oil, gas blocks: Ministry cautious on profit sharing issue
Apprehensions expressed on the `extreme financial packages' by bidders
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Tapco pact: IOC to approach board
IndianOil will approach the company's board next month seeking its approval to enter into shareholders agreement with Trans-Anatolian Pipeline Co (Tapco). Tapco is currently owned by ENI of Italy and Calik Enerji of Turkey on a 50-50 basis. ...
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TAXATION
ICRIER to submit interim report on tax sops soon
The Finance Ministry has asked the Indian Council for Research on International Economic Relations (ICRIER) to submit an interim report by mid-January 2007 on its ongoing study of tax exemptions and duty waivers in the existing export promotion ...
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COAL
Singareni to bid 10 blocks for coal mining
Aims to achieve 37.5-mt production target in fourth quarter
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RADIO/TV
Media sees much action in second half
Radio emerging as a powerful medium
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MINING & QUARRYING
Steel majors scout for mining opportunities in Africa
Send geologists, experts to explore possibilities
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CINEMA
`FM channels cutting into film industry's revenues'
Even as FM channels are becoming popular, the film industry is a bit worried that the channels are cutting into their revenues by not paying royalty on songs they broadcast. A senior producer, on condition of anonymity, alleged that almost all ...
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EXPORTS & IMPORTS
Jodhpur second largest exporter of handicrafts
Jodhpur has emerged as the country's second largest exporter of handicrafts with 400 units employing around a lakh of people and exporting handicrafts close to Rs 700 crore, the Minister of State for Commerce, Mr Jairam Ramesh, said. An ...
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