BCCI declares Rs.50 lakh bonus for cricket team
Kolkata: The cricket board has announced a bonus of Rs.50 lakh for the squad. BCCI President Jagmohan Dalmiya apart from congratulating the Indian team members for their superlative performance, has also lauded the Pakistani government, the people and the Pakistan Cricket Board (PCB) for the way their conduct of the series.
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FICCI conference to review legal system
New Delhi: Officials of the Federation of Indian Chambers of Commerce and Industry (FICCI) have said that economic legislations in the country are currently overregulated and compliance costs were also high. The officials point out that there were more than 3,000 statutes out of which approximately 450 dealt with economic and commercial decision-making, and that there was a need to prune the existing legal and judicial systems.
In order to deliberate upon the issues to review the existing legal and judicial system in the country, FICCI and the Bar Association of India are organising a national conference on `Reinventing Indian legal system for achieving double-digit economic growth'. Senior Government representatives, judges, legal luminaries, corporate leaders, chartered accountants and experts from the corporate sector in the area of legal and secretarial compliances would address the conference scheduled for April 10.
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Sino-Indian team discusses trade prospects
New Delhi: A two-day meeting of the Sino-Indian Joint Study Group (JSG) on trade and economic co-operation in Beijing has discussed the possibility of signing a FTA and Comprehensive Economic Cooperation Agreement, according to an official release.Sino-Indian trade touched $7.6 billion last year.
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Reliance Energy revamps bill for Mumbai customers
Mumbai: Reliance Energy Ltd has revamped the format of the monthly bill for its 22-lakh Mumbai customers.The company plans to extend the new pattern of monthly electricity bills to consumers in Delhi shortly. Initially, the new bill will be available in three languages and subsequently it will be made available in any of the 22 main Indian languages, according to the company. The company says that the new bill is easy to read and simple to understand.
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ECIL commissions electronic fencing system at HAL
Hyderabad: The Electronics Corporation of India Ltd (ECIL) has commissioned, what it calls, a `Thinking' - electric perimeter fencing system, at the Hindustan Aeronautics Ltd (HAL) facility at Hyderabad. The computer controlled system can `think and adapt' to different environmental conditions, ensuring very few false alarms, and in the case of forced intrusion, will raise an alert through a sound alarm and give a visual display of the zone.
According to an ECIL release, the system covers a perimeter of 1.6 km and is one of the first of its kind.
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Tea Board revises 2003 export figures
Kolkata: The Tea Board has revised the total figures for tea exports from India at 173 million kg (mkg) from 164.9 mkg, during 2003, according to a statement issued by the Indian Tea Association.In terms of value, tea exports have dropped by Rs.202.47 crore to Rs.1, 550.92 crore, compared to 2002.
According to the statement exports to all the significant markets have dropped, except Pakistan and Afghanistan. Exports to Russia have dropped to 42.76 mkg from 48.30 mkg. Total exports to the CIS countries dropped by 4.40 mkg to 58.31 mkg.
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