Cola seeks tax holiday in MP

Monday, May 1, 2006, 22:55 [IST]

Bhopal, Apr 29 (UNI) Soft-drink major, Coca Cola, has sought tax holiday in Madhya Pradesh even in the VAT regime that came into force from April this year.

''Coca Cola was granted tax holiday in the state till 2009. But it came under tax net after Value Added Tax was introduced in April,'' company's Vice President T Krishna Kumar told Commercial Tax Minister Babulal Gaur here yesterday and sought continuation of tax holiday.

Mr Gaur said the cabinet sub-committee on VAT would meet on May 3 to consider the suggestions.

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BSNL to strengthen network in Himachal Pradesh

Monday, May 1, 2006,22:55 [IST]

Shimla, Apr 29 (UNI) Bharat Sanchar Nigam Limited (BSNL) will pump in a sum of Rs 220 crore for strengthening its network in Himachal Pradesh besides complimenting the efforts of state government in e-health, e-education and e-governance. ''The priority of BSNL is to increase its coverage by an elaborate network of optical fiber cables in lower areas and through WLL in difficult areas of the state,'' newly elected appointed Chief General Manager, Kant Sharma, said,.....

Courier services to be regulated by new law

Monday, May 1, 2006,22:55 [IST]

Jaipur, Apr 29 (UNI) The courier services are likely to be regulated by a regulatory body on the lines of Telecom Regulatory Authority of India (TRAI) and would be taxed henceforth. Stating this to mediamen here today, Telecommunications and Information Technology Minister, Dr Shakil Ahmed said that the government has no intentions of wrapping up the courier services but efforts are on to regulate them by law. He said the Indian Postal Act, 1898 is already.....

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NFL earns a profit of Rs 110.16 crore

Monday, May 1, 2006,22:55 [IST]

New Delhi, Apr 29 (UNI) National Fertilizers Ltd (NFL), a leading producer in nitrogenous fertilizers in the country, has registered a net profit of Rs 110.16 crore for the year 2005-06. Its gross profit before tax was Rs 169.06 crore during this period. During 2005-06, NFL produced 33.44 lakh tonnes of urea with a record capacity-utilisation of 103.5 per cent. Besides, it made a record production of bio-fertilizers at 175 tonnes against installed capacity.....

Machinery exports from India on the rise: DHL study

Monday, May 1, 2006,22:56 [IST]

Mumbai, Apr 30 (UNI) The Indian manufacturing sector has registered a strong growth of over nine per cent in the last two years with the capital goods sector recording a 14-15 per cent growth, states the DHL India Trade Outlook report, a monthly report that measures the economy and trade in India. The machinery manufacturers have played an important role in enhancing the competitiveness of the manufacturing sector. India's exports as well as imports.....

Global footwear brands eyeing India: DHL study

Monday, May 1, 2006,22:56 [IST]

Mumbai, Apr 30 (UNI) International brands and global retail chains, taking note of India's emergence as a leader in global footwear production, have started looking at India as a one-stop destination to source leather footwear and even establish their manufacturing plants, according to a DHL India Outlook report. A number of footwear companies from South East Asia and Europe are increasingly looking to set up their manufacturing facilities in India. Also the in-principle approval.....