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Friday, 06 April 2012 11:15 |
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April 6 (IANS) Jewellers across India Friday called off their 21-day strike after being assured of duty roll back from Finance Minister Pranab Mukherjee and Congress president Sonia Gandhi. "The finance minister has assured (us) that whatever best is possible will be done," said a member of the jewellers delegation who met Mukherjee at his North Block office. Jewellers across the country have been striking since Mukherjee in the union budget March 16 proposed one percent excise duty on unbranded jewellery and doubled the import duty to 4 percent on gold. Official sources said the government was likely to roll back the one percent excise duty imposed on unbranded jewellery. However, there was no official announcement in this regard as the decision on roll back has to be taken by parliament. The agitating jewellers also met Sonia Gandhi and requested her to ask the government to roll back the duties. Madhukar Chachad, president of the All India Swarankar Sangh, later sai that Gandhi had "assured us that she will forward our demands to the finance minister for further action". |
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Sunday, 26 February 2012 03:30 |
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New Delhi: Anil Agarwal-led Vedanta Group will merge Sterlite Industries (India) and Sesa Goa in the proposed consolidation and simplification of the group structure.
Merger of Sterlite into Sesa Goa will create Sesa Sterlite. Three Sesa Goa shares will be issued for every five existing Sterlite shares, the company said in a statement.
Besides, Vedanta Aluminium Ltd and The Madras Aluminium Company Ltd will be consolidated into Sesa Sterlite. Also, Vedanta's direct holding of 38.8 per cent in Cairn India Limited will be transfered to Sesa Goa, together with the associated debt of USD 5.9 billion, at cost, it said.
Post the transfer, Sesa Sterlite will have a 58.9 per cent shareholding in Cairn India. Source:PTI
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Sunday, 26 February 2012 03:28 |
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New Delhi: State-owned telecom services provider BSNL has launched three tablets with the cheapest model costing a mere Rs 3,250, making a quiet entry into the increasingly competitive market for the hand-held computers.
Recently, Datawind, promoted by a Canadian India, had made a much-publicised entry into the market in a tie-up with the government to provide cheap networking devices 'Aakash', priced at Rs 2,250 for students.
The three tablets launched by BSNL are priced at Rs 3,250, Rs 10,999 and Rs 13,500. Two of them come with 7-inch resistive screen with Android 2.3 operating system, while the third comes with an 8-inch touchscreen, a BSNL official said.
Made by Noida-based Pantel, these tablets will be sold with discounted data plans from BSNL, sources said.
According to Pantel, the T-PAD IS701R has 1GHz processor and 256M RAM and is wi-fi enabled. The built-in 2GB memory can be expanded by up to 32GB.
The second model T-Pad WS704C has 512MB DDRIII RAM and can be connected to TV through HDMI.
The costliest model, T-PAD WS802C is powered by a 1.2GHz processor and 512MB DDRIII RAM and also has a built-in Global Position System.
Source:PTI |
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