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Exports from STP units up 15% to Rs 2,07,358 cr
The government today said exports from Software Technology Parks (STP) increased 15.1 per cent to Rs 2,07,358 crore in 2008-09.

'Nuclear programmes to gain momentum with UPA back in power'
The Indo-US nuclear deal and India"s subsequent entry into the Nuclear Suppliers Group (NSG), ending 34 years of nuclear isolation, has thrown open business opportunities worth an estimated $100 billion by the year 2032. The country is planning to increase its nuclear power generation by about 60,000 mega watts (Mw) within the next 25 years. This planned capacity addition is being executed by the state-owned Nuclear Power Corporation of India Ltd (NPCIL). Its head, Chairman and Managing Director SK JAIN, tells P B JAYAKUMAR about his plans and expectations. Excerpts:

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Horlicks stretches out
GlaxoSmithKline Consumer Healthcare is leveraging on Horlicks" brand equity to get into new categories. Will the move pay off?
Business Opportunities

Trade unions oppose taxing of savings, PF withdrawals

Trade unions have asked the government to shelve the proposal in the draft Direct Tax Code to tax all savings and provident fund schemes at the time of withdrawal, saying the move would hit the salaried class hard. - SETU rejects MoU on pay revision of steel workers with SAIL - BPOs to be taxed under new tax code: expert - Uncertainties in new tax code may hit fund inflows: Deloitte - Direct tax code: Com Min bats for SEZ developers - Rs 65 cr loss for Sunbeam Auto due to 52-day stir - Industry hails GST proposals "This efforts of (bringing PF withdrawals under Income Tax purview) shall adversely hit the salaried class as their social security shall be seriously hampered. This is just not acceptable," the Hind Mazdoor Sabha said in a letter to the Finance Minister Pranab Mukherjee. Cautioning the government that implementation of the proposal could create a "serious situation", the HMS appealed to the finance minister "not to open...A confrontational front". The Secretary of the All India Trade Union Congress, D L Sachdev, also raised concerns about the proposal and said the union would take up the issue with the government. The draft DTC, on which the government has invited comments from public, has argued for bringing all the savings scheme under the EET (Exempt, Exempt, Tax) mode of taxation. At present, no income tax is levied either at the time of contribution, accrual of interest, or withdrawal of provident funds by the subscribers.


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