Archive for the ‘Export and Import’ Category
Friday, June 6th, 2008 |
Oil and Natural Gas Corporation Ltd. (ONGC) has entered into a contract with Reliance Industries Ltd. (RIL) to hire the latter’s Single Point Mooring (SPM) facility on Arabian Sea off Hazira coast in Gujarat.
This SPM will be used by ONGC to export the Naphtha produced by its Hazira Plant in Gujarat. ONGC is a major producer of Naphtha in India with its Hazira Plant producing around a million tonnes of Naphtha every year.
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Posted in Commodity and Energy, Companies, Export and Import | No Comments »
Monday, June 2nd, 2008 |
Government of India signed a Double Taxation Avoidance Agreement (DTAA) with the Government of the Grand Duchy of Luxembourg for the avoidance of double taxation and for the prevention of fiscal evasion with respect to taxes on Income and on capital, here today. This Agreement shall enter into force on a date to be notified in due course. The Agreement also aims at promoting economic cooperation between the two countries. It was signed by Shri R.S. Mathoda, Chairman, Central Board of Direct Taxes on behalf of the Government of India and Mr. Marc Courte, Ambassador extraordinary and plenipotentiary on behalf of the Government of Grand Duchy of Luxembourg.
The DTAA between India and Luxembourg will cover in the case of India, the Income-tax and the wealth tax including any surcharge thereon. In the case of Luxembourg it would cover the income tax on individuals, the corporation tax, capital tax and the communal trade tax.
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Posted in Export and Import, External Affairs, Policy | No Comments »
Wednesday, May 21st, 2008 |
Welcoming restoration of composite dialogue process at Ministerial levels between India and Pakistan, The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has exuded optimism that it would propel their two-way trade to over US$ 5 billion by 2010.
By 2007-08, the estimated levels of two-way trade between India and Pakistan are around US$ 2 billion in which balance of trade tilts much more in favour of India, says the ASSOCHAM Paper on Indo-Pak Economic Relations : The Aftermath of Composite Dialogue.
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Thursday, May 8th, 2008 |
Tata Consultancy Services confirmed that it has renewed its managed services contract with one of the world’s leading long haul airlines Virgin Atlantic. Under the renewed agreement, TCS will continue to manage Virgin Atlantic’s global end-to-end IT systems including a 24×7 service desk, infrastructure and application support services. The company also manages Virgin Atlantic’s relationships with other third party IT vendors to ensure a cohesive approach to the airline’s IT ecosystem.
TCS’ service delivery for Virgin Atlantic is designed around IT Infrastructure Library (ITIL) best practices framework.
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Posted in Companies, Export and Import | No Comments »
Monday, April 28th, 2008 |
Tata Consultancy Services today announced it has signed an eight year end-to-end IT applications services contract with Scottish Water, worth an estimated 60 million pounds. The new contract, whilst delivering an extended level of service, will also save Scottish Water a minimum of 8 million pounds in operating expenditure alone over the next 8 years.
Scottish Water, the UK’s only public sector water utility, serves 5.5 million customers in Scotland with water and waste-water services. Since its establishment in 2002, Scottish Water has been working to transform the water industry in Scotland by improving efficiency and carrying out intense customer-centric programs.
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Saturday, April 26th, 2008 |
India’s seafood exports which stagnated few years back are likely to touch over $ 3.5 billion from current level of $2.2 billion by 2009 provided a key thrust area include value-addition, expansion of aquaculture, technological upgradation and tapping unexplored resources.
In a paper brought out by Associated chambers of commerce & industry of India (ASSOCHAM) on “Market of Seafoods in India”, it has been projected that India’s Seafood exports which remained at $ 1.6 billion in 2005-06 and is anticipated around $ 2.2 billion in 2007-08 have potential to accelerate faster in view of their growing demand in trading blocs like EU, Middle East, China, Canada, Tunisa, Puertorico, Russia.
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