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INDUSTRY & ECONOMY
ECONOMY:
Forex reserves down $6.5 b
Mumbai, Sept. 12 Forex reserves declined by $6.498 billion in the week ended September 5, three times as much as it did a week ago, chiefly because the dollar appreciated against other global currencies. ...
ECONOMY:
Industrial growth touches 5-month high of 7.1% in July
Capital goods, consumer durables do well. New Delhi, Sept. 12 High growth in production of capital goods and consumer durables in July 2008 pulled up the Index of Industrial Production (IIP) to a five month high of 7.1 per cent, though it ...
PETROLEUM:
Spot LNG prices heading for meltdown
Fall in demand expected this month. Kolkata, Sept. 12 After having witnessed a high price and low availability situation for nearly four months, the gas market in India may finally be heading for a ...
PHARMACEUTICALS:
End of Olympics brings no cheer to drug makers
No fall in Chinese raw material prices. Hyderabad, Sept. 12 The conclusion of Beijing Olympics has failed to cheer drug manufacturers as the expected reduction in prices of raw material imports appears to be a remote ...
EVENTS:
Build quality into drugs: US expert
In the context of growing concern about quality of drugs in the US, drug manufacturers should build quality into product without excessive reliance on testing methods, according to Dr Rodd Cecil, Vice-President (Compendial Sciences), US ...
INDUSTRY ASSOCIATIONS:
‘Minimise power cuts in UP units’
The PHD Chamber has urged the Uttar Pradesh Government to minimise power cuts on industrial consumers. Uttar Pradesh Power Corporation Ltd in a recent order has imposed power cuts on all industrial units from 10 p.m. to 6 a.m. on a daily basis in ...
HEALTH:
Campaign against tobacco usage
Telugu film actor Manchu Vishnu has joined the campaign against smoking by attending a ‘no tobacco usage’ programme taken up by doctors at the Apollo Cancer Institute here. Addressing a gathering on Friday, Dr Vijay Anand Reddy, ...
PETROLEUM:
IOC’s under-recoveries halve as crude price falls
But also result in worries on stock inventory front. Kolkata, Sept. 12 The fall in crude prices has caused cheers as well as concerns for Indian Oil Corporation. ...
EDUCATION:
Raje moots public-pvt partnership in accountancy
ICAI lays stone for first centre of excellence in Jaipur. Jaipur, Sept 12 The chartered accountants’ community should go out of its way in working closely with the Rajasthan Government, extending support to the State through expert ...
HEALTH:
‘Gujarat households spend 24% of annual income on health’
Ahmedabad, Sept. 12 An average Gujarati household spends 24 per cent of its annual income on health, according to a recent survey conducted by Max New York Life Insurance and National Council for Applied Economic Research ...
INCOME TAX:
Taxpayers must disclose income derived from foreign source
CBDT notification on double taxation relief for taxes paid abroad. New Delhi, Sept. 12 The growing spate of overseas acquisitions and increasing incomes for Indian residents from foreign jurisdictions has prompted the Central Board of Direct ...
HUMAN RESOURCES:
Developing countries preferred for career growth: Survey
Bangalore, Sept. 12 Executives around the world prefer developing economies over the established global powers such as the US, Europe and Japan for job opportunities in today’s economy. ...
TAXATION:
Ministry to take up STPI tax sop extension
Chennai, Sept. 12 The Ministry of Communication and Information & Technology will consider the IT industry’s demand to extend tax concessions by another year for units in Software Technology Parks of India (STPI), Mr A. Raja, ...
TOURISM:
Railway tourism packages ‘rolling in business’
Kolkata, Sept. 12 The tour packages launched by the Indian Railway Catering & Tourism Corporation (IRCTC) have proved to be extremely popular, so much so that the current year’s first quarter business has been more than that of ...
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