The Telegraph
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Business Briefs

PM to meet industry

New Delhi, March 24: Prime Minister Manmohan Singh will meet industry leaders on March 28 and review the economic situation. Industry has been urging the government to seek poll panel waiver for key infrastructure projects. The Planning Commission today said the economy will grow by 6.5 per cent during the current fiscal, much below the 7.1 per cent projected by the government last month.

Sebi move

New Delhi, March 24: Sebi today doubled the limit of daily positions, allowing individual traders and brokers to trade more in currency futures. It has revised the gross open position of an individual trader to $10 million from $5 million prescribed earlier.

Pay hike rules

New Delhi, March 24: Government employees who join on January 2 of a year instead of January 1, if it happens to be a Sunday or a gazetted holiday, will still be entitled to an increment in July. “Those who join on the first working day of the year will be treated to have completed six months of service on July 1 and be eligible for the annual increment,” the finance ministry said.

Bond notice

Mumbai, March 24: The 8% Savings (Taxable) Bonds, 2003, the notification for which was made on March 21, 2003, will start maturing for repayment with effect from April 21, 2009. No interest will be payable on the bonds after maturity date.

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