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Briefly Business: India,Pakistan to reduce maximum trade duty to 5%

India will allow Pakistani products to enter its markets at a maximum duty of 5 per cent by April 2013 while Pakistan will put in place similar arrangements

Written by Agencies | Published: October 20, 2012 1:02 am

India,Pakistan to reduce maximum trade duty to 5%

Islamabad: India will allow Pakistani products to enter its markets at a maximum duty of 5 per cent by April 2013 while Pakistan will put in place similar arrangements in next five years,Indian High Commissioner to Pakistan Sharat Sabharwal said.

Retail inflation based on agri,labourers up

SHIMLA: The retail inflation based on agricultural and rural labourers rose to 9.43 per cent and 9.93 per cent in September due to rise in price of major food crops. These figures stood at 9.18 per cent and 9.34 per cent,respectively in August this year.

Commexes turnover in H1 declines by 5%

New Delhi: The turnover of the country’s 21 commodity bourses has fallen by over 5 per cent to Rs 87.62 lakh crore in first half of the current fiscal due to poor participation in gold and silver futures.

EPFO may give 8.6% interest in 2012-13

New Delhi: Subscribers of the retirement fund body EPFO may get 8.6 per cent return on their investment during 2012-13,higher than 8.25 per cent provided in the last fiscal. “The EPFO has worked out 8.6 per cent rate of return for the current fiscal,” sources said.

Govt clears 3 retail FDI proposals

new Delhi: The government today cleared 3 FDI proposals worth Rs 106 crore in single-brand retail,including that of America’s clothing retailer Brooks Brothers,UK’s footwear chain Pavers England and Italian jewellery brand Damiani.

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