'Services leave much to be desired 
New Delhi: Double taxation, multiple regulations, lack of national standards and non-enforcement of service-level agreements are the major roadblocks for growth of the services sector, says the latest survey of the Confederation of Indian Industrys associated council. 
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KoPT quashes P&O ports bid for Vallarpadam 
Kochi: The Kochi Port Trust has quashed the P&O Ports bid for Rs 2,000-crore Vallarpadam container terminal project. The Australian company was the sole bidder for the project. 
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WTO working group on trade and competition meeting today 
Geneva: The WTO working group on trade and competition policy will meet on Thursday in Geneva for a two-day discussion on core principles including transparency, non-discrimination and procedural fairness. 
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Power ministry forms high-level team to inspect Dabhol Project 
New Delhi: Power ministry has constituted a high-level team comprising of officials from General Electric, Bechtel, NTPC, IDBI-led domestic lenders and MSEB to carry a in-depth inspection of the troubled Dabhol power project in Maharashtra. 
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Eight-digit customs classification likely in winter Session 
New Delhi: The commerce ministrys proposal to adopt an 8-digit level classification for levying customs duties, mooted in the medium-term export strategy (2002-07), is expected to be implemented during the Winter session of Parliament by amending the Customs Act or through promulgating an ordinance. 
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Delhi to put VAT in place my mid-Nov 
New Delhi: The draft legislation for value added tax regime in Delhi is likely to be introduced by mid November, Delhi sales tax department additional commissioner Amit Yadav said on Wednesday. 
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Dumping probe against Chinese ball bearings 
New Delhi: The designated authority set up in the commerce ministry to probe dumping cases has initiated anti-dumping investigations into imports of ball bearings and parts of components from China, Poland, Russia and Romania on grounds of injury to the domestic industry. 
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