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Home -> Finance -> News

NATIONAL
Govt to clarify on transaction tax on Monday: FM
In the face of demand to spare day traders and brokers from the transaction tax introduced in the Budget, Government today (July 16, 2004) said it would come out with clarifications on Monday (July 19, 2004).

TEMA blasts Govt for MNC-friendly telecom policies
The Telecom Equipment Manufacturers Association of India (TEMA) today (July 16, 2004) slammed the Government for adopting policies in the telecom sector, which it said aided multinational companies and sounded the "death knell" for domestic manufacturers.

WTO framework should satisfy 3 basic criteria: India
Outlining three basic criteria for the proposed framework agreement for WTO (World Trade Organisation), Government today (July 16, 2004) said it should conform with Doha Ministerial mandate, have clarity and un-ambiguity and must not constrain possible trade-offs in future negotiations.

BPO firm Keane Worldzen opts for Concerto's Ensemble
Concerto Software, Inc, a proven provider of contact centre solutions, and major player in the contact centre solutions industry in India today (July 16, 2004) announced that Keane Worldzen, a business process outsourcing (BPO) company with expertise in collection and recovery operations, has selected Concerto Software's Ensemble (TM) blended solution for managing customer interactions in its New Delhi contact centre.

Sensex gains 63 points despite FIIs withdrawal
After the initial hesitancy, share prices were driven higher and the Sensex ended up by another 63 points as operators made hectic purchases despite negative activity by institutional investors.

INTERNATIONAL
'Successful economies have poor economic freedom'
India fared better than China and Russia in a ranking of economic freedom by the influential think tank Cato Institute, whose list showed some of the most successful economies of the world faring poorly.