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Rel Life Insurance launches two new products
Anil Dhirubhai Ambani Group firm Reliance Life Insurance today launched two new products -- Jan Samriddhi Plan and Super InvestAssure Plan here and aims to garner Rs 600 crore premium from them within this fiscal.

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Not me, sir
Communications Minister A Raja has learnt it’s better to be safe than sorry. After the EGoM meeting on the 3G spectrum auction, Finance Minister Pranab Mukherjee was surrounded by journalists. He refused to make any comment and then turned towards Raja and said, “Nobody should talk to the press about this meeting.” Even before Mukherjee could finish, Raja waved his hands and said, “Sir, I am not saying anything. I am not saying anything.” A few days ago, Mukherjee had summoned Raja and told him not to talk to the press about the 3G issue and to ensure that no inter-ministerial communication related to the 3G auction was leaked from his office — letters from Mukherjee to Raja and vice versa have all been leaked to the press in recent weeks.

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U'khand buys 145 buses from Tata
The Uttarakhand government has bought 145 buses from auto giant Tata Motors through an open bidding. The red-colour buses will ply in three cities – Dehra Dun, Haridwar and Nainital. Under the Jawaharlal Nehru Renewal Urban Mission (JNRUM) programme, the Centre will bear 80 per cent of the cost and the rest 20 per cent will be borne by the state government.
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Govt to decide on waiving sugar export-obligation

The food and commerce ministries are at loggerheads over exempting sugar mills from export- obligation and the Cabinet will now decide whether or not the obligation can be waived beyond December 31, official sources said. - Air India board meets on turnaround plan - New Cos Bill may include corp governance norms: Khurshid - Dubai World meets creditors; no "standstill" pact yet - Govt rules out additional borrowing plan - 3G auction as per scheduled on Jan 14 - States increasingly promoting entrepreneurship: KPMG The problem arose after food ministry sought deferment of an obligation on millers to export sugar, citing imports of the sweetener to meet deficit and contain prices. However, the commerce ministry wants millers to honour the terms of the the Advance Licence Scheme (ALS), under which they are required to re-export the same quantity that was imported at zero duty. "...We (commerce) are not agreeing...It will go to the higher levels for the decision. The decision on that will be taken by the Cabinet Committee on Economic Affairs (CCEA)," an official told PTI, adding that there were some differences of opinion between the ministries of commerce and food. The issue of extending the deadline for export obligation, which expires on December 31, has been referred to the CCEA following inter-ministerial differences. The issue was earlier considered by the Empowered Group of Ministers on December 14. With the deadline for exporting refined sugar processed from imported raw sugar going to end this month, millers have been demanding that the government should extend the date further to meet their pending re-export obligations. The export obligation for mills refers to 2004-05 season (October-December), when about 21.4 lakh tonnes of sugar was imported.


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