Oil prices come down by Re 1
New Delhi: State-run oil marketing companies — Indian Oil Corporation, Hindustan Petroleum and Bharat Petroleum — on Tuesday reduced the retail selling price of petrol by about Re 1 and that of diesel by Rs 1.18 a litre.
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Electricity Bill to counter power ind Ills
New Delhi: The much debated Electricity Bill 2001, which has been passed in the Lok Sabha, will bring in a revolution in the problem-ridden power sector and help achieve the ambitious target of capacity addition of 1 lakh megawatt by 2012
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Food processing industry grew despite drought: CII survey
New Delhi: The worst drought in fifteen years has not adversely affected the food processing industry — the constituent sectors have actually registered moderate growth, according to a the latest quarterly survey conducted by the agriculture council of the Confederation of Indian Industry.
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Govt to seek special visa for IT pros
New Delhi: The government is preparing to push for a special category of service-provider visa in its position paper on the General Agreement on Trade in Services (GATS), to be submitted to the WTO.
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India Inc. seeks reduction in dividend distribution tax
New Delhi: The Finance Ministry is under pressure from corporates to pare the proposed 12.5% dividend distribution tax on domestic companies or at least give companies a tax deduction on the lines of Section 80M of the Income Tax Act.
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