Net direct tax collections rate for seven months of this financial year registering a growth of 29.52 per cent. It stood at Rs166,905 crore up to October 2008 as compared to Rs128,864 crore for the same period of last year. The country remained successful to increase tax collection, despite global slowdown.
Corporate tax increased to 33.49 per cent and stood at Rs105,174 crore as against Rs78,785 crore. Income tax growth rate too increased registering a growth of 23.14 per cent. Fringe benefit tax (FBT) increased by 47 per cent and dividend distribution tax grew above 48 per cent which indicates sound financial health of the country despite global financial crisis.
Recent research showed that Apelin, a hormone produced by fat and other tissues, might serve as a promising target for managing insulin resistance and type 2 diabetes. Researchers led by Philippe Valet found that our cells are equipped with a second pathway for the assimilation of glucose, which involves "apelin".
The ongoing world financial crisis has badly impacted the commercial vehicle industry. High interest rates and liquidity crunch forced them to reduce production and think over cost cutting measures. Many automobile companies have cut production due to decrease in demand and low sale of commercial vehicles.
Bharat Sanchar Nigam Ltd (BSNL), a leading state run telecom operator, has announced that it is considering acquiring companies in Africa and Middle East.
While commenting on the proposals, Mr. Kuldeep Goyal, BSNL chairman and managing director stated, “We are looking at developing economies such as Africa and Middle East countries.”
The company is proposing expansion in mobile and broadband sectors in the countries where telecom density is low.
Indian Animation industry would see growth at the rate of 27% CAGR in the coming years. The animation industry can cross $1163 million mark by 2012. It is forecasted in a report titled 'NASSCOM Animation and Gaming India 2008' by the industry body NASSCOM. It is specially included with a session on ‘Super Pitch’ to show its commitment for further development of Indian animation industry.
Recent research showed the "friendly" probiotic bacterium, Lactobacillus plantarum 299 (Lp299) can prevent the most common cause of ventilator-associated pneumonia (VAP) as effectively as an antiseptic called chlorhexidine (CHX).
The bacterium is found in saliva and also common in fermented foods like pickles and sauerkraut. VAP occurs when pathogenic bacteria from the mouth, throat or breathing tube are inhaled into the lungs. The study was led by Dr Bengt Klarin from the University Hospital in Lund, Sweden.