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| Analysis
of Budget 2008- 09 |
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The
Finance Minister Mr. P. Chidambaram unveiled the much-awaited Union
Budget for FY 2008-09 in the parliament on February 29, 2008.
India for 12 successive quarters till December 2007 has registered
a growth of over 8%. In the first half of 2007-08, the economy saw
a growth of 9.1%.
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| India
into a Higher Economic Growth Trajectory |
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The Economic Survey
2007-08 is both a document on the prescriptive policies that should
push India into a higher economic growth trajectory, as well as a diligent
examination of the pace and pattern of growth of the past fiscal, broadly,
till December. Evaluating the performance of the current year, the
Finance Minister, P. Chidambaram, said that the 8.7 percent growth
perceived for the current year.
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| India's
Export Growth Increases by 20.47 Percent |
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India's
exports during January 2008 recorded 20.47 percent increase and
reached a value up to US $ 13140.71 million than same period last
year. The value last year was US $ 10907.72 million. In rupee terms,
exports touched Rs.51739.82 crore, which was 7.00 percent higher
than the value of exports during January 2007.
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Middle
East's Pharmaceutical Market to Grow to $ 12 billion by 2015 |
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pharmaceutical industry is one of the world's largest, with sales
exceeding $300 billion annually. The industrial countries, where
14 percent of the world's population lives, consume medicines worth
$240 billion per year. Consumption in Arab countries, which contain
4.5 percent of the world's population, is just $5.5 billion. |
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| Nanotech
set to Revolutionise Healthcare |
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| Nanotechnology
holds great promise for the development of new treatments and diagnostics.
It may provide new drugs that can reach specific areas of the body
more effectively and at safer doses. |
| Know
More in English
• French
• Spanish |
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Bangalore,
Kolkata and Mohali to get Nano Research Centers |
National
Institutes for Research in Nanotechnology and Nano Sciences will
come up at Bangalore, Kolkata and Mohali as part of a programme to
trigger research in frontier areas of nano sciences and technology.
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| Formulation
Pack Prices to come down by 4.58 Percent |
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| NPPA
notifies equivalent maximum retail price after reduction in excise
duty on drugs and pharmaceuticals from 16% to 8% . |
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Government
Creates fund to Boost
SME Growth |
Since
SSI reservation is getting increasingly restricted and the sector
is being exposed to competition, the government is creating a new
fund of Rs.2,000 crore - to be managed by the Small Industries and
Development Bank of India (SIDBI) - to provide risk capital and other
for enhancing refinance capability to the micro, small and medium
enterprises (MSME).
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Bahrain's
Pharma Market to touch $83m |
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Bahrain's
pharmaceutical market is expected to reach $83.8 million by 2012
from $58.3 million in 2007 and Drug expenditure per capita is expected
to be more than $91.1 by 2012 from $71.9 in 2007.
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Contact:
enquiry@newmediacomm.biz
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Media Communication Pvt. Ltd., B-302, Twin Arcade, Military Road,
Marol, Andheri (E), Mumbai 400 059 India.
Tel: + 91 22 29250690. Fax: + 91 22 2925 5279.
Website: www.newmediacomm.com |
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Government
Research Laboratories Develop 28 New Drugs for Chronic Ailments |
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The
government agencies and institutions like Department of Science and
Technology, Department of Biotechnology, Ayurveda, Yoga & Naturopathy,
Unani, Siddha and Homoeopathy, The Indian Council of Medial Research
and Council of Scientific and Industrial Research have developed
28 new molecules targeting chronic diseases like blood pressure,
diabetics, gastric ulcer and asthma.
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Conference
on "Contribution of Colorants to Indian Economic
Growth -2008 " |
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A
two-day conference on Contribution of Colorants to Indian Economic
Growth - 2008 is organized by the Dyestuff Manufacturers Association
of India (DMAI) and Federation of Indian Chambers and Commerce and
Industry (FICCI) jointly with Department of Chemicals and Petrochemicals, |
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