Wednesday
Feb 28 2001
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PSUs net rises 10% to Rs 14,555 cr
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OVER 200 public sector undertakings have posted an increase of 10 per cent in net profit to Rs 14,555 crore in 1999-2000, over Rs 13,203 crore in the previous year.
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Oil pool deficit stands at Rs 12,000cr
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INDIA'S oil pool deficit is estimated at around Rs 12,000 crore by the end of the current fiscal, the Rajya Sabha was informed on Tuesday.
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Divestment process for 25 state PSUs begins
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THE DEPARTMENT of disinvestment has initiated the process of disinvestment in 10 public sector undertakings in Andhra Pradesh followed by nine in Karnataka and six in Uttar Pradesh, according to the detailed plan for divesting government stake in state-level public sector enterprises released by the department on Tuesday.
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23 FDI proposals get government nod
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THE GOVERNMENT on Tuesday cleared 23 foreign direct investment proposals worth Rs 308 crore, including a Rs 138-crore proposal of Orchid Chemicals & Pharmaceuticals for manufacture of bulk drugs.
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Cos may be allowed to invest $150m abroad in 3 yrs
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INDIAN companies, not just the knowledge-based ones, may be given a greater liberty in investing abroad. The ministry of finance and RBI have recently discussed possible relaxations of existing norms to help in quickening decisions on external investments.
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Sinha mum on cut in retirement age of govt staff
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FINANCE minister Yashwant Sinha on Tuesday said he would not like to reply on the question of reduction of retirement age of central government employees due to presentation of the Union Budget on Wednesday.
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Media tears into Railway Budget
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THE NATION'S media slammed the country's Railway Budget on Tuesday, saying the railway minister had framed it with an eye on upcoming assembly elections in her home state.
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'Allocate resources to boost productivity'
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ASSOCHAM on Tuesday suggested to the finance minister to prioritise and allocate resources for boosting total factor productivity growth in agriculture and enthuse private sector in implementing a comprehensive irrigation management system.
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Industry challenges closure of polluting units
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SEVERAL industry associations in the capital on Tuesday challenged in the Supreme Court the action of the city government in closing polluting units under an earlier order of the court without following the statutory provisions.
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Israel keen on JVs, 3rd party investments
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ISRAEL is keen on fostering inflow of FDI in India through joint ventures and third party investments. It is also interested in increase bilteral trade.
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General promotion for students in quake-ravaged areas
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THE GUJARAT government has ordered general promotion for students of classes one to nine and eleven in areas ravaged by the January 26 earthquake.
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Akash test-fired
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AKASH, the indigenously-built multi-target surface-to-air missile, was successfully test-fired from the interim test range at Chandipur-on-sea about 15 kms from here on Tuesday, ITR sources said.
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ICAI sets up panel to put India's interest on WTO
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THE INSTITUTE of Chartered Accountants of India has set up a committee to exploit all the possible provisions of the World Trade Organisation agreement in the interest of India, apart from counselling the government on such issues.
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FIEO, MCEP joint plan of action to boost trade
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THE FEDERATION of Indian Export Organisations and Moroccon Centre for Export Promotion on Tuesday agreed on a joint plan of action for the next two years to boost trade and economic relations between the two nations.
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TDP supports opposition on Balco issue
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OUTSIDE ally TDP joined the opposition on Tuesday in attacking the government on the disinvestment of public sector Balco and demanded a Joint Parliamentary Committee to go into the issue.
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Govt to set up Disaster Authority
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THE COUNTRY, still recovering from last month's killer earthquake which hit the western state of Gujarat, will soon have a National Disaster Management Authority equipped to handle major crises, the government pledged on Tuesday.
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Major divestments by end 2001
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THE GOVERNMENT aims to complete sales of major stakes in a slew of State-run companies within calendar 2001, the top civil servant in the disinvestment ministry said on Tuesday.
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