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The Govt. of India has decided to launch discussions between its ministries regarding opening of multi-brand retail to foreign direct investment (FDI). The issue has been under consideration for a long time.

The department of industrial policy and promotion (DIPP) is responsible for framing such foreign investment policies in the country. Now the governing body has to mobilize the issue with the help of other ministries.

The Indian Technology major Infosys is expected to report a higher sequential growth in revenue and net profit in the current fiscal as compared to the previous quarters.

Experts believe that despite impact of adverse cross currency movements in the March 2010 quarter, the company can manage to register an ample amount of profit. Infosys will declare its fourth quarter results on coming Tuesday and industry is eagerly waiting the reports.

A large amount of e-trash from around the world is being imported into the country by recycling industries located in various parts of the country. The unplanned approach to dealing with e-waste has raised concerns in the country.

Recently radiation detected in the Delhi's Mayapuri Industrial area is a wake up call to the authorities. Experts say that they found Cobalt-60 radiation in a shop of a metal scrap dealer.

The government has set up National Science and Engineering Research Board which will provide funds for research projects to the scientific bodies in the country and thus save them all the trouble of dealing with the bureaucratic procedures.

The board was approved almost two years ago and it is expected to start work this month. The concept is the same as National Science Foundation of US which enjoys freedom from the government and its decision making is not dependent on the other departments.

King