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Courier services to be regulated by new law

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 in existence and there are recommendations to bring in amendments in the Act to regulate the courier services.

Dr Ahmed said a regulatory body on the lines of TRAI would be formed for the courier services and they would have to deposit money in the Universal Service Obligation Fund.

UNI RRT MP ND1712

Global footwear brands eyeing India: DHL study

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.....

Silver down, gold up during the weekend

Mumbai, Apr 30 (UNI) Spot silver prices crashed and closed at Rs 20,550 per kg on thin buying support, while that of gold zoomed up at Rs 9,610 per ten gm on heavy demand on bullish global advice during the week ended yesterday, traders said. Silver .999 fineness ready grade opened low on Monday at Rs 20,785 per kg on sustained heavy selling pressure from domestic industrial users. It fell on April 25 at.....

World cotton supply may continue to grow in 2006-07

Mumbai, Apr 30 (UNI) World cotton supply and demand have reached record levels in 2005-06 and they are set to reach new highs in 2006-07, according to for forecast made by the International Cotton Advisory Committee (ICAC), In its latest issue, ICAC states that world cotton supply consisting of beginning stock plus production reached a record 35.7 million tonnes in 2005-06, and almost one million tonnes mroe than in 2004-05 and almsot six million tonnes.....
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