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Govt orders probe into Xerox
ModiCorp
New Delhi: The central government on Wednesday promptly reacted to the
disclosures made by Xerox on
"improper payments" made by its Indian subsidiary
Xerox ModiCorp to government officials.
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PSU
staff gets edge in divestments
New Delhi: The concept of purchase preference allowed in public sector
tenders may soon find its way into
disinvestment transactions.
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Record
BoP surplus of $11.7 billion in 2001-02
New Delhi: India's first-ever current account surplus in 24 years
combined with continued strong
inflows on the capital account have resulted in the highest-ever
balance of payments surplus of $11.7 billion in 2001-02.
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DCA
merged with finance ministry
New Delhi: The President notified the merger of the department of
company affairs with the finance ministry on Tuesday with immediate effect.
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India,
Sri Lanka sign $51-million credit pacts
New Delhi: India on Wednesday agreed to give Sri Lanka $51-million
concessional loans for purchase of wheat
and for tiding over balance of payment
problem.
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NRIs
can transfer funds for education, health
Mumbai: The Reserve Bank of India has further liberalised exchange
control regulations, allowing non-resident Indians and persons of Indian origin
to repatriate funds abroad towards
education and medical expenses.
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Long-term
grain policy committee report this week
New Delhi: The Abhijit Sen Committee on long-term grain policy is slated
to submit its final report to the
government this week, says Shanta Kumar on assuming
the office as Union minister for rural development on Tuesday.
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Ficci
team to discuss key issues with Iraq
New Delhi: A high-powered 50-member delegation of the Ficci to Iraq is
likely to take up key issues such as
larger allocation for wheat, rice and sugar
under the "oil for food programme" with Iraqi authorities.
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FDI
inflow up by 87% to $501 million in May
New Delhi: Foreign direct investment inflow has increased by 87 per cent to
$501 million during May compared to $268
million in the year-ago month.
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