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Aditi Phadnis: Son-rise in Andhra?
- Succession race hots up in AP - AP Cabinet wants YSR"s son Jagan as next CM - YSR"s death may hit infra companies - V V: Gray"s anatomy of the mind">V V: Gray"s anatomy of the mind - India has lost an outstanding leader: Manmohan Singh - PM, Sonia pay homage to YSR

Power capacity addition lag to impact economic growth targets
With the government having finally admitted that the current Plan period’s power capacity addition target of 78,700 Mw is likely to be missed by over 20 per cent, experts have raised concerns over the impact on the country’s economic growth.

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Latha Jishnu: The campaign against that pesky 3 (d)
For the Americans (and some Europeans) it’s “that pesky section”. And the US government is throwing its weight behind an industry campaign to discredit this section if not get it removed from India’s Patent Act. Yes, of course, it is Section 3(d) that is under attack from big pharma which has lost no opportunity in pointing out that this law will stifle the growth of India’s own drug companies and also choke off foreign investment in the sector. In recent weeks, this campaign has picked up in tempo both here and abroad.
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EEPC seeks central support to reverse decline in exports

The declining trend in engineering exports from India has prompted domestic export promotion body EEPC India to seek the Centre"s support for the sector. Engineering exports, which grew by 18 per cent last year touching $40 billion, have declined by 22 per cent in the first six months of the current fiscal year. - EEPC seeks booster package as exports likely to slip into red - UP Inc wants withdrawal of stamp duty notification - Chandigarh fastner units for uniform MSMED Act - MSME task force may suggest changes in procurement policy - Central Bank, Ipicol ink pact for Rs 25,000 crore funds - Proposed Base Rate likely to benefit MSME exporters: FIEO “The scenario is anything but satisfactory. It is important for the government to provide for some support measures directed towards the engineering sector, which has so far not been given any specific assistance,” EEPC India Chairman Aman Chadha said. Apart from sterilisation measures by the RBI, interest rates on term deposits should be reintroduced to incentivise exporters to keep their foreign exchange earnings in EEFC accounts, the body said. “The duty drawback rates and the Duty Entitlement Passbook (DEPB) rates should be enhanced by 5 per cent on engineering items. The sector should also be brought under the Interest Subvention Scheme so that large scale engineering companies and merchant exporters can take benefit of interest subvention,” EEPC India said in a statement. The body spelt out the need for a technology upgrade fund, for which EEPC India had drafted guidelines, to help the MSME sector. “India’s engineering exports account for barely 0.6 per cent of world engineering exports. It is critical for India to move up the value chain in order to increase its share in world engineering exports,” Chadha said.


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