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INDIA BUSINESS WORLD - FEBRUARY 16th - FEBRUARY 15th
- 2008
The Month that was ...
News & important developments from the most prospective of the New World markets... India. Our effort is to provide you with the latest and relevant developments that take place in the Indian business, economic and legal environment.
ECONOMIC & LEGAL NEWS
GOVERNMENT RAISES PETROL AND DIESEL PRICES After several rounds of deliberations on raising auto fuel prices, the government finally decided to bite the bullet. Despite the Left’s opposition it has raised petrol and diesel prices by Rs 2/litre and Re 1/litre, respectively, from February 15. The current price of petrol in Delhi is Rs 45.52/litre (from the earlier price of Rs 43.52/litre) and diesel is Rs 31.76/litre (from Rs 30.48/litre.......More....
NASSCOM PRESIDENT FACES CHARGES OVER FEMALE EMPLOYEE’S DEATH NASSCOM president and former Hewlett-Packard GlobalSoft managing director Som Mittal will face prosecution for not providing adequate security to a woman employee who was raped and murdered by the driver of the company vehicle on her way to work in 2005. The Supreme Court has refused to interfere with its earlier ruling dismissing the appeal of Mr. Mittal who had challenged......More....
SC UPHOLDS GUJARAT ORDER BANNING SLAUGHTER OF BULLS The Supreme Court has upheld the constitutional validity of a Gujarat government notification prohibiting indiscriminate slaughtering of the bulls and bullocks in the state. A bench comprising Justice Arijit Pasayat and Justice P Sathasivam upheld the validity of government notification of December, 1989, issued under the provisions of the Gujarat Essential Commodities and Cattle (Control) Act, 1958......More....
REDUCTION IN PASSENGER FARES ANNOUNCEDThe Minister of Railways, Shri Lalu Prasad has announced reduction in passenger fares of various classes while introducing the Railway Budget for 2008-09 in the Lok Sabha.....More....
ECONOMIC SURVEY: FDI INFLOWS ACCELERATEEconomic Survey 2007-08 says, FDI inflows into India accelerated in 2006-07 due to reforms in policies, better infrastructure and a more vibrant financial sector. On a gross basis, FDI inflows into India after rising to a level of US $ 6.2 billion in 2001-02 has risen to US $ 23.0 billion in 2006-07.....More....
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