NATIONAL Economist Ashok Mitra launches tirade against VAT Former West Bengal Finance Minister and noted economist Dr Ashok Mitra today (Jan 14, 2005) strongly protested the Value Added Tax (VAT) and called for a 'movement' to stall its implementation scheduled on April 1, 2005.
India not world class in manufacturing: Ratan Tata Listing Toyota, Intel, Sony, LG and Samsung among his admired companies, Tata Group supremo Ratan Tata has regretted that India is not world class in manufacturing and has lost the "chance to be the factory of the world."
Overnight rally short-lived; market sheds 47 pts The overnight rally was short-lived and the market shed 47 points in either-way movements due to alternate bouts of buying and selling amid a slowdown in Foreign Institutional Investors (FII) activity despite inflation falling below six per cent mark.
Internet on CellOne phones in three months: BSNL BSNL (Bharat Sanchar Nigam Limited) is aiming to launch Internet access on mobile phones across the country in the next three months, while it will begin tests to provide third generation services on mobile soon, a top official said today (Jan 14, 2005).
Iran's LNG to be more expensive than Petronas' India's $ 40 billion deal with Iran for import of 7.5 million tonnes of LNG for 25 years beginning 2009 is more expensive than liquefied natural gas Petronas of Malaysia had offered to sell to New Delhi last year.
Reliance Infocomm asks DoT to reconsider penalty Reliance Infocomm has asked the Government to reconsider the penalty imposed on it on charges of illegal routing of international calls, saying the Telecom Ministry's action was "misconceived and unjustified."
Low-cost computers to be launched in June: Maran Low-cost computers, priced at Rs 10,000 per unit, would be launched across the country in June this year, in a move to make computers affordable to the rural masses, Union IT and Telecommunications Minister Dayanidhi Maran said today (Jan 14, 2005).
ISRO and BSNL to provide Internet to rural areas Indian Space Research Organisation (ISRO) and BSNL (Bharat Sanchar Nigam Limited) have begun an ambitious project using India's communication satellites to provide Internet access for thousands of villages in the country.
Karnataka to use BSNL's DataOne service for State Karnataka Government will use the broadband Internet service launched by the Bharat Sanchar Nigam Ltd (BSNL) for its State-wide area network upto the taluk level, Chief Minister Dharam Singh said today (Jan 14, 2005).
BSNL, MTNL launch broadband Internet services Public sector telecom majors Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) today (Jan 14, 2005) launched its broadband Internet services in over 200 cities across the country, fixing a highly competitive Rs 500 per month tariff for home users.
Tax sops to units in DTA after conversion to EOU Manufacturing and service units set up in the Domestic Tariff Area (DTA) but later converted into Export-Oriented Units (EOU) will be eligible for tax exemptions till 2009-10.
FDI invitation should not be one-sided: Jyoti Basu A day after CPM (Communist Party of India Marxist) criticised the scrapping of Press Note-18 as an 'unwarranted step,' veteran Marxist leader and party Politburo member Jyoti Basu today (Jan 14, 2005) hit out at the UPA (United Progressive Alliance) Government saying that invitation of foreign direct investment (FDI) should not be one-sided.
Inflation falls to 5.78 per cent during the weekend Inflation fell below the 6 per cent mark, after almost seven months, to 5.78 per cent during the week ended January 1, mainly due to a fall in prices of fuels, vegetables and fruits, edible oils and other food items.
BSE: Sensex turns weak after promising start The sensex turned weak after opening on a promising note and was down by about 29 points at 10:30 hrs (IST) in irregular activity on the Bombay Stock Exchange (BSE) today (Jan 14, 2005) on fresh buying support alternated by selling pressure.
