INDUSTRY & ECONOMY

FOREIGN TRADE: Exporters pin hopes on trade policy
Call for service tax exemption, market development assistance. New Delhi, Aug. 25 Exporters are expecting the forthcoming Foreign Trade Policy to provide the much-needed impetus for growth revival in the face of waning overseas ...

ECONOMIC OFFENCES: Beware the fake-note
Retail outlets turn cautious, keep RBI advisory on hand. “Yeh note nahin chalega saab! Aur ek dedo!” A shopkeeper stiffly told Mr M. Mahindar Reddy, a State Government employee, returning a 500-rupee ...

WTO: Early wrap-up of Doha talks vital: Krishna
New Delhi, Aug. 25 With India hosting the next month’s informal meeting of the trade ministers of important groupings of the World Trade Organisation (WTO), the Union External Affairs Minister, Mr S.M. Krishna, on Tuesday said the ...

FOREIGN TRADE: Asean pact not to hit Kerala’s products: Rubber traders’ body
Kochi, Aug. 25 The Cochin Rubber Merchants Association said that most of Kerala’s products are well protected under the recently concluded India-Asean agreement, which is expected to boost the trade between India and the member countries ...

TEXTILES: Brighter days ahead for garment exports
Bangalore, Aug 25 Garment exports may be turning the corner, according to premier vendors. They ruled out a shift to the domestic sector to offset uncertainties on the global front, citing slack demand and low margins as reasons. ...

HUMAN RESOURCES: Indians must develop soft-skills: US firm
“Organisations are evolving organically, more so than ever before. As a result, we believe that human capital management is a far more representative term than human resource management, which is not just compliance issues or ...

SSI: Small, medium units seek support package from Centre
Delegation meeting Prime Minister today. Coimbatore, Aug. 25 The representatives of Micro, Small and Medium Enterprises (MSMEs) are meeting the Prime Minister, Dr Manmohan Singh, on ...

PETROLEUM: Crude oil output falls in July
The domestic crude oil production saw a marginal drop of 0.4 per cent in July, while the natural gas output saw an increase of 35.5 per cent. According to a data released by the Petroleum Ministry, the crude oil output during the month under ...

PSU: BSNL gets clean-chit for GSM project tendering process
Nokia Siemens given three days to respond. New Delhi, Aug. 25 The two-member independent panel investigating the tendering process followed by Bharat Sanchar Nigam Ltd in awarding the 93 million line GSM tender has given a clean chit to the ...

ECONOMY: ‘IT industry not in downturn any more’
The Indian IT industry could witness modest growth once a recovery takes place, though the earlier high rates might not return, Mr S. Mahalingam, CFO, Tata Consultancy ...

FOODS & FOOD PROCESSING: No shortage of essentials, says Minister
The Food and Civil Supplies Minister, Mr C. Divakaran, has said that steps have been taken to ensure adequate stocks of milk and other essential commodities during the Onam ...

INDUSTRY ASSOCIATIONS: CRI Pumps bets on star-rated products
Coimbatore, Aug. 25 CRI Pumps Pvt Ltd has secured the highest ratings for energy efficiency for its ...

POWER: Powering ahead
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FOREIGN TRADE: Trade thru Nathu La resumes
Gangtok, Aug. 25 Border trade between Sikkim and Tibet Autonomous Region (TAR) Nathu La resumed on Monday after a gap of more than ...

PSU: Decision soon on takeover of Hind Shipyard by Defence Ministry
Kolkata, Aug. 25 The Defence Ministry’s proposal to take over Hindustan Shipyard Ltd (HSL), now under the Shipping Ministry, is before the Cabinet and a decision on this will be taken ...