From 13th Sep. to 17th Sep. 2010

The Govt. is likely to introduce two new price indices i.e. CPI Rural and CPI Urban by Jan. 2011.

The exiting CPI Index will also be there .

The base year for these would be 2004-05 and would be released on monthly basis.

SULON India’s largest wind-turbine genratorsplan to expand capacity in China .

It will generate a combined 1000 mw capacity turbine by 2013 in China .

It is also expected to come in profit in this fiscal year.

It has joined General Electric and European rivals that introducing new technology and opening factories in China .

As US companies avoiding contracts to Indian IT fortunes due to skittish politicians.

It will hurt the $50 bn outsourcing industry.

US cos are inclined toward short term contracts and also reserve the right to cancel .

Large banks and manufacturing cos in the US are wary about demand for their products ,and have been trimming their pay rolls in order to boost profits.

Labour minister Mallikarjun Kharge declared a higher provident fund rate at 9.5% for 2010-11.

This is the 2nd time that the Manmohan Singh government will pay 9.5% on PF balance since 2004-05.

This became possible as the EPFO discovered a hidden surplus ,after auditing the interest suspense a/c since the inception in 1952.

Private run PF cant think about the hike because they are even not able to earb 8% on balance.

A bill which promises to electrify the seven-year old commodity future market and put the commodity regulator on a par with its capital market counterpart ,SEBI will be tabled in Parliament during the winter session .

The Cabinet approved amendments to the FORWARD CONTRACTS ( REGULATION) ACT 1952, paving the way for the introduction of the FORWARD CONTRACT (REGULATION) AMENDMENT BILL 2010 in parliament.