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INDUSTRY & ECONOMY
INDUSTRIAL POLICY:
Govt for easing foreign investment rules for joint ventures
For smooth flow of capital, technology; stakeholders to give views by Oct 15. The Department of Industrial Policy and Promotion has sought views on whether the restrictive conditions on foreign and technical collaborations in the case of ...
ECONOMY:
Capital goods spur July industrial growth 13.8%
Demand buoyancy continues; RBI rate hikes seen. The country's industrial production surged by 13.8 per cent in July, surpassing analysts' forecasts and fuelling speculation of further monetary tightening measures by the Reserve Bank ...
SOCIAL SECURITY:
No Provident Fund money for stock market
Interest rate may not be raised above 8.5%. The existing 8.5 per cent interest rate for Employees' Provident Fund is likely to continue for 2010-11, as providing a higher interest rate would entail a Government subsidy, a senior EPFO official ...
ECONOMY:
Rangarajan rules out double-dip recession
Sees higher farm output bringing down inflation to 6% by March. Dr C. Rangarajan, Chairman, Economic Advisory Council to the Prime Minister, on Friday truled out a ‘double dip' recession, as some economists have indicated due to ongoing ...
FOREIGN DIRECT INVESTMENT:
DCM Shriram chief bats for FDI in rural retail
Current policy skewed towards urban areas. Restricting foreign direct investment (FDI) in multi-brand retail to only companies that have stores in cities with more than one million population is not a good idea, according to Mr Ajay S. Shriram, ...
ECONOMY:
Industrial output likely to grow 12-13% this fiscal
RBI, Govt monitoring inflation situation: Pranab. The Finance Minister, Mr Pranab Mukherjee, on Friday said that industrial output is likely to grow between 12-13 per cent this fiscal. In July, the industrial output grew 13.8 ...
SOCIAL WELFARE:
The rationale behind DTC
The Direct Taxes Code has been brought in so as to establish an economically efficient, effective and equitable direct tax system which will facilitate voluntary compliance and help increase the tax-GDP ratio. Another objective is to reduce ...
FOREIGN TRADE:
Taiwan keen to tap Indian electronics, auto parts sectors
Plans to increase trade through better marketing. India is the next major market of focus for Taiwanese companies in the electronic, machinery and auto ...
PSU:
Q1 debt issue by PSUs, financial bodies up 31%
‘Activity in corporate bond market picking up'. Public sector undertakings and financial institutions have managed to mop up over Rs 56,000 crore through private placements in the first quarter of ...
NATURAL CALAMITIES:
Rosiah reviews flood situation, orders relief due
With rains playing havoc in several parts of Andhra Pradesh, the Chief Minister, Mr K. Rosaiah, has directed the District Collectors to take up relief measures in the ...
RESEARCH & DEVELOPMENT:
National Innovation Council sets up Rs 1,000-cr fund
The National Innovation Council (NIC), a body set up to promote new ideas for inclusive development, met for the first time ...
EDUCATION:
IIT-Bombay gets $5-m funding from Wadhwani Foundation
To set up centre in biosciences and bioengineering. The Wadhwani Foundation has invested $5 million (Rs 23 crore) in setting up the Wadhwani Research Centre in Biosciences and Bioengineering (WRCBB) at the Indian Institute of ...
REGULATORY BODIES & RULINGS:
IRDA to introduce standard products for rural insurance
Insurance policy holders in rural areas, especially those from economically-weaker sections, will soon have a standard insurance product with well-defined options and comprehensive life and ...
INCOME TAX:
I-T Dept conducts meet on advance tax payment
The office of the Commissioner of Income-Tax, Mangalore, organised a taxpayers' meet here recently to impress upon the taxpayers the need for prompt payment of advance tax instalment before the deadline of ...
ECONOMY:
Chamling seeks more funds for North-East
The Sikkim Chief Minister, Mr Pawan Chamling, has said that the State Governments in the North-East have been undertaking fiscal consolidation measures, which calls for support from financial institutions like NEDFi on a ...
INCOME TAX:
Tax-payers get more time to file return verification forms
The Central Board of Direct Taxes (CBDT) has given taxpayers a final opportunity to regularise their income-tax returns for the financial ...
POWER:
IFCI in pact for power project
IFCI Ltd has signed a memorandum of understanding with the Mumbai-based Core Infrapower Ltd (CIPL), a CORE Group company, for joint development of a 1,320-MW power project at Ratnagiri district in Maharashtra. The project is proposed to ...
Columnists:
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B Venkatesh
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C Gopinath
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Bhanoji Rao
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P.V. Indiresan
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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