Briefly Business

Health insurance portability from Oct 1

NEW DELHI:Health insurance portability service,which would allow policy holders to switch insurers,is all set to be implemented from October 1,insurance regulator IRDA said on Thursday.

Motorola Mobility CEO Jha to get 66 million

New York: Once Googles 12.5 billion acquisition of Motorola Mobility is concluded,the cellphone-makers India-born CEO Sanjay Jha will receive a 66 million Golden Parachute compensation package

Coal GoM may solve go,no-go issue today

new delhi: The Group of Ministers GoM on coal,chaired by finance minister Pranab Mukherjee is meeting on Friday,in what seems to be its last meeting,to take a final call on the environment ministrys go,no-go classification for coal mines.

The policy introduced two years ago,has led to increased uncertainty over the fate of various power and other projects that have at least Rs 85,000 crore of investments sunk in. There is intense pressure on the coal,power and steel ministries from investors to clear their projects.

New export sop scheme likely today

new delhi: Government is likely to unveil Friday,a new scheme to replace the popular tax refund DEPB for exporters,which is ending on September 30. The government spends annually about Rs 8,500 crore for reimbursing exporters on the taxes paid on import equivalent content of export products,under Duty Entitlement Pass Book DEPB scheme.