Since 2015, Odisha has been embroiled in a bitter battle over the origin of the delicacy with West Bengal, which had in 2017 secured the GI tag for 'Banglar Rasogolla'.
The government has already embarked on strengthening the tax net by sending letters to those who have not filed tax returns.
The prices of residential real estate projects in and around Kolkata are poised for a sharp appreciation on the back of a surge in land prices in the past six months.
The roll out of the proposed Goods and Service Tax (GST) will push prices of essential commodities like atta (flour), maida, vanaspati ghee, mustard oil, tea, arhar dal and moong dal by 5.5-6 per cent.
In the fray are revenue secretary P V Bhide, transport secretary Brahm Dutt and IDBI Bank chairman Yogesh Agarwal. In addition, Devashish Gupta, a Jharkhand cadre IAS officer and West Bengal cadre officer Anil Verma were also in the contention, sources familiar with the selection process said.
The recommended sites are in river Budhabalanga (12 km in Balasore-Chandipur stretch), Kharasuan (14 km in Rajnagar-Aul stretch, 24 km in Aul-Aetpur stretch and 25 km in Singpur-Aul stretch) and 9 km stretch in Bhalabadrapur-Nuagarh portion of river Daya.
Coal consumers across the country sourcing coal from Coal India Limited through the e-auction mode are sore over the recent rise in earnest money deposit for procurement of coal and also the bulk transport of e-auction coal through the road route which has pushed up the cost of the raw material.
"The aviation and tourism industries have been hit hard by the global economic downturn and by acts of terrorism. Apart from strategies to counter the prevailing downturn, we need to emphasise on security measures. One of the ways to revive demand is to develop airport infrastructure. Apart from building international and regional airports, we need to ensure the local airstrips are upgraded into full-fledged airports to boost hinterland connectivity," said an expert.
"There is significant opportunity over the next few years. Only 25 per cent of the full leverage of IT is understood and used. The impact of IT will be significant in the next 25-30 years," said Infosys Technologies Chief Executive Officer and Managing Director S Gopalakrishnan. He added that there is still money to be made and wealth to be created in this sector.
The proposed information technology (IT) projects of Wipro Technologies, Mumbai-based Raheja Corporation and the Kolkata-based Apeejay Surrendra Group in Orissa, which had suffered delay on account of the prevailing economic downturn, are expected to make headway within two to three months.
The Anil Agarwal promoted Vedanta Aluminium (VAL) plans to invest a whopping Rs 60,000 crore in aluminium, alumina and power sector in Orissa by 2013.
GM India is banking on the growing used car market in the country to bring incremental revenues amidst sagging sales of passenger cars in the aftermath of economic recession. General Motors clocked a sales volume of 65,702 units in the India market in 2008 as against its targeted sales of 85,000-90,000 units. The auto major had not set any sales target for 2009-10 but expected sales to be flat.
To position Bhubaneswar as a sought after IT destination, Orissa needs to build a world class workforce for IT and BPOs, ensure digital acceleration and focus on upgrading social infrastructure to attract global IT citizens. This was pointed out by Ganesh Natarajan, chairman, NASSCOM at an IT conclave on Destination Bhubaneswar.
However, the state-run oil marketing company a couple of months back had re-phased the project comprising the refinery and a petro-chemical complex in view of escalating cost. Both the refinery and the petro-chemical complex at Paradeep were earlier estimated to cost Rs 26,000 crore (Rs 260 billion). But the cost has now gone up to about Rs 45,000 crore (Rs 450 billion).
However, the details will be worked out after the Fitment committee submits its report to the government. It also seeks to continue the thrust of the original budget for the development of agriculture, education, infrastructure in the state. The first supplementary presented by the Orissa finance minister, Prafulla Chandra Ghadai in the state Assembly amid slogan shouting by the BJP members, proposes an outlay of Rs 7587.69 crore (Rs 75.87 billion) for 2008-09.
The amount of tax will depend on the holding period of the fund. Short-term (less than a year) profit from the fund is added to your income and will be taxed according to your income slab. In case of redemption made after one year, the long-term capital gains tax will be charged.
The four key risk areas India needs to focus on at the moment include economic security, energy security, agriculture and food security and national security, it adds. The WEC-CII report says many issues facing India in these four areas will require considerable long-term investment from both public and private sectors. 'Decision-makers in government and business will be forced to make trade-offs as to where spending and investments are allocated,' it said.
"The drop in the sales of laptops in India in the last quarter is a temporary phenomenon. We attribute that to the increasing difference in costs between the desktops and laptops, especially due to the rise in dollar value. We are confident of garnering a double digit market share in the laptop segment in India in the next 18 months," George Paul, executive vice president, marketing, HCL Infosystems said.
"There will be no layoffs in the Indian context and, as said before, we will be recruiting 25,000 people gross. We will make our people prepared for the upturn, which will happen. We are focusing on recruiting people and training them. We are focusing on education as this is a great opportunity to make a positive brand and image for the company. We are still seeing opportunities in the market," said Kris Gopalakrishnan, CEO, Infosys.
The study contains findings across credits and enterprise risk, operational risk, ALM and market risk. 'Both sets of banks (new-generation and traditional) have highlighted the lack of adequate people capabilities as well as the scope/ mandate of the mid-office as key concern areas,' it said. Both are at par with the surface, treasury scope, trading strategies and instruments; improved financial performance is strongly correlated with superior risk management practices.
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