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Home -> Finance -> News

NATIONAL
Good news for mobile phone users; 6 months min validity
To protect mobile phone consumers from the frequent and sudden changes in tariff plans of access providers, the Telecom Regulatory Authority of India (TRAI) on Wednesday (July 7, 2004) mandated a minimum validity period of six months for the plans offered by them from the date of enrolment of the subscriber.

Alstom to set up R&D centre in Bangalore
French power equipment maker Alstom on Wednesday (July 7, 2004) said it would set up an R&D centre in Bangalore and upgrade its Vadodara and Delhi operations as part of plans to make India its global manufacturing hub and exports base.

Budget view: Highlights of Economic Survey
Following are the highlights of Economic Survey 2003-2004, tabled in Parliament today (July 7, 2004):

Economic Survey sets the tone for Union Budget
Outlining the roadmap to achieve 7-8 per cent economic growth on sustained basis, the Economic Survey today (Jul 7, 2004) indicated major initiatives in the Union Budget to overhaul tax system, slash deficit, contain prices and boost agriculture and industry.

30 foreign IT firms coming to Bangalore: STPI
Software Technology Parks of India (STPI) director BV Naidu told reporters in Bangalore that the foreign investment was Rs 670 crore, and an additional Rs 200 crore might be invested by Indian firms in setting up base here during the first three months.

INTERNATIONAL
Indian economy is rebounding strongly, says IMF
Indian economy is rebounding strongly providing a golden opportunity to tackle fiscal challenges decisively but steady rise in debt of the Central and State Governments could constrain the growth, according a new IMF (International Monetary Fund) report.