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Textile industry expects tax cuts in upcoming budget

Surat, Feb 11 (ANI): Manufacturers in textile industry in Gujarat expect tax cuts from the Central government in upcoming budget to help the industry come out of crisis. Union Finance Minister Arun Jaitley will on February 28 present his first full-year budget, seeking to put Asia's third-largest economy on a path of 7-8 percent growth over the next two years. In Surat, industrialists said they were facing crisis due to rise in prices of raw materials like yarn and colour chemicals. A favourable budget will being relief for one-and-a-half million people associated with the industry, he added. Vakharia also hoped for relaxation in prices of acquiring land. Investors and manufacturers have long advocated the GST as a way to simplify taxes while broadening the tax base, adding as much as 2 percentage points to economic growth in India. Feb 11, 2015
ubs-pain-after-swiss-franc-warning

UBS pain after Swiss franc warning

Shares tumbled three percent despite a promise of the biggest payout to shareholders since the financial crisis. What's rattling UBS investors is a warning from the bank over the surging Swiss franc Feb 10, 2015
stocks-start-week-in-a-slump

Stocks start week in a slump

U.S. investors looked overseas Monday and got worried as China's imports tumbled, signaling economic weakness, and about heightened tensions between Greece and the European Union over Athens' debt Feb 10, 2015
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An "angel" flies in St. Mark's Square

The flight of the Angel marvels visitors in Venice's St. Mark's square. It's one of the highlights of the city's famous 17-day carnival. Tens of thousands are attending this year's festivities... Feb 10, 2015
science-expo-in-panaji-displays-countrys-military-technological-might

Science expo in Panaji displays country's military, technological might

Panaji, Feb 07 (ANI): A science expo in Goa is drawing huge audiences with displays from various Indian scientific and military organisations, aiming not only to attract investors and buyers, but also to educate students. The Fourth Bharatiya Vigyan Sammelan and Expo, an initiative of the Goa government, Goa University and the largest people's science campaign in India, Vijnana Bharti, aims at bringing people together who have had achievements in the field of science and technology and disseminate their achievements to the masses. The theme for this year is 'Innovation in science and technology in service of mankind'. The Expo will see workshops and seminars on various topics along with exhibitions of various technologies under one roof. Goa governor, Mridula Sinha, who inaugurated the event, said the Expo was a display of India's technological might to the world. Feb 7, 2015
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Dow biggest weekly percentage gain since Jan 2013

It was a strong week on Wall Street for stocks pushing the Dow and the Nasdaq into positive territory for this year. The wage gains seen in the December jobs report initially led investors to buy Feb 7, 2015
pm-modi-interacts-with-participants-of-investor-summit

PM Modi interacts with participants of investor summit

New Delhi, Feb 04 (ANI): Prime Minister, Narendra Modi, hosted dinner for participants of BlackRock India Investor Summit and said his priority was to establish global benchmarks in areas like governance, transparency and taxation. Interacting with them, Modi said that the priority of his government was growth and jobs. The Prime Minister said there was raising interest in India, and "we have to accept that responsibility." The Prime Minister said he believes in a fair, predictable and consistent tax system, and in economic policies that will drive growth. Twenty one major global investors participated in the India Investor Summit earlier on Tuesday. The list of institutional investors included asset managers, insurers, pension funds, and official institutions. Feb 4, 2015
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