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Popular Articles

BSNL expansion plan hits rough patch
A big controversy on procurement of Rs 35,000-crore worth of equipment by telecom behemoth BSNL is brewing, with the position taken by the two government nominees on the board threatening the expansion programme of the state-owned telecom major.

Orissa SMEs unhappy over state level banks' functioning
Small and Medium Enterprises (SMEs) in Orissa have expressed their resentment over the functioning of the State Level Bankers’ Committee (SLBC), which meets at regular intervals to monitor the flow of credit to the Micro, Small and Medium Enterprises (MSME) sector.

News of the day

State FMs to meet Pranab on GST in Jan
As the April 2010 deadline for the goods and services tax (GST) inches closer, the empowered group of state finance ministers plans to meet Finance Minister Pranab Mukherjee on January 7 next year to brief him about the progress on preparing a roadmap for GST and sort out the issues.
International Business

Textiles Ministry demands change in Drugs and Cosmetics Act

The Textiles Ministry is pushing for amendments in the Drugs and Cosmetics Act to ensure that quality standards are set for new medical textiles used in products like baby diapers, contact lenses and surgical gloves to promote their sales. Markets extend losses in noon trades At present, medical products made out of woven and cotton are included under the law. While the the non-woven products, which broadly fall into the technical textiles, are priced at a premium of 20-25 per cent, consumers would be willing to pay for it once they carry the guarantee of quality standards, industry officials feel. The domestic market for medical textiles was estimated at Rs 1,514 crore in 2007-08 and is expected to touch Rs 2,263 crore by 2012-13, according to official estimates. The government would launch next year a mission on technical textiles, which also include products used in civil aviation, agriculture and defence sectors, the official said.


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