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   News Analysis - May 18, 2006

 

  • Service Tax Collections Up
    The Chief Controller of Accounts reported that Service Tax collection went up 62.83% year on year from USD 3.19 billion to USD 5.19 billion.<More> 

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  • Development of Unorganized Sector
    The Government is working on a positive draft that seeks to bring development benefits such as health care, sick benefits, maternity benefits, and life insurance to 362 million workers in the unorganized sector earning less than Rs. 6500 a month.<More>     

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  • Indo-British Naval Exercises
    India and the United Kingdom (UK) fielded their navies in a second exercise that involving an aircraft carrier, nuclear submarines, guided missile frigates, missile destroyers, supply tankers, and 1 embedded French ship off the Konkan coast. <More>     

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  • Vacancies & Exodus Plague Defense
    Defense Minister Pranab Mukherjee told the Parliament that 27% of the Army's strength below the rank of Lt. Colonel was vacant due to shortage of suitable candidates.<More>

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  • No Siachen Pullout, Troop Reduction in J&K
    Defense Minister Pranab Mukherjee told Parliament that India would not pullout of Siachen as it did not get ironclad guarantees from Pakistan and that the threat perception has not changed to warrant a troop reduction.<More>

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  • Iran Ridicules EU Offer
    Iranian President Mahmoud Ahmadinejad ridiculed the European Union (EU) proposal that offers incentives for Iran to give up ambitions to enrich uranium fuel likening the offer of "candy for gold."<More>     

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  • India-US to Meet on Nuke Deal; US No to Pak 
    Even as Foreign Secretary Shyam Saran and US Under-Secretary of Political Affairs Nicholas Burns plan to meet to try iron out last minute hurdles in the Indo-US Civilian Nuclear deal, the US firmly spurned Pakistan's request for a similar deal.<More>

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