Experts call for pro-active approach at Cancun Summit 
Geneva: With barely a year left for the decisive fifth ministerial meet of the World Trade Organisation to start in Cancun, Mexico, experts believe that India should do its homework well to ensure that the proposed new round, if launched, should not catch it unawares. 
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FinMin to fund five states opening deficits  
New Delhi: The finance ministry has decided to fund opening deficit of five states through a medium-term loan. 
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Talks with China sought on needle dumping issue 
New Delhi: India has sought consultations with China for arriving at a mutually satisfactory solution regarding the problem of increased import of industrial sewing machine needles. 
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Cauvery: Supreme Court notice to Karnataka CM 
New Delhi: The Supreme Court on Monday issued notices to Karnataka chief minister SM Krishna, water resources minister SK Patil and three others, to show cause as to why they should not be proceeded against for contempt of court. 
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Direct tax mop-up logs 20% growth 
New Delhi: Direct tax collection up to September 18 in the current financial year has registered a 20 per cent growth over the corresponding period last year. 
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Reform-linked sops for urban growth 
New Delhi: The Centre has worked out reform-linked yardsticks for the urban sector, based on which it will disburse incentive funds to the states. It has also decided on the share of various states and Union territories in the Rs 500-crore urban reforms incentive fund. 
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Collect either oil cess or toll tax: transporters 
New Delhi: The All India Motor Transport Congress has asked the government not to collect toll on existing roads after their conversion from single lane to two lanes and two to four lanes. 
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