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The government said on Tuesday that it has cleared 3 new SEZ proposals including one of Videocon.

Interestingly, the clearing comes post an announcement where the government is said to considering the removal of tax sops given to new SEZs. This has dampened the attractiveness of SEZs since tax benefits were the main reason why companies used to flock in fore SEZ space.

As per the draft Direct Tax Code of the Finance Ministry proposal, income tax should be eliminated from the eliminations given to export income situated within an SEZ.

Education sector is said to be recession and the recent survey done by Monster India shows just that. The company which is into the business of providing jobs said that the opportunities in the sector grew for seven consecutive months. More so, the growth was also seen during the time when recession had hit the performance of the other sectors including health.

As per the report, the sector saw a growth of 9 per cent increase in demand last month as compared to the previous month. Next in line were production and manufacturing businesses that saw a rise of 7 per cent each.

Biggest scientific innovation achieved by Scientists at the National Immunology Institute, New Delhi, headed by its director Dr Avadhesha Surolia who claims to discovered insulin which could maintain the normal sugar levels for over 120 days.

It is good news for diabetic patients, as with the discovery of this medicine patients will get relieved from their daily shots of insulin.

Theatre chain Pyramid Saimira Theatre Ltd. has announced its fourth quarter financial results for the financial year 2009-10 and the reports has not been so significant this time.

The company has posted a loss of Rs 5.20 crore for the fourth quarter of the fiscal that that ended in 31st March, 2010. For the same quarter last year, the firm has registered a remarkable profit.

Pyramid Saimira has posted a net profit of Rs 14.06 crore during the corresponding quarter in the preceding fiscal year.

The flight of Air India from New York shall be the first flight to maneuver from the glamorous new terminal-3 T3 at the Indira Gandhi International Airport on Wednesday.

However the AI-120 and following eight flights, entailing an Airbus A380, Wednesday and Thursday shall be a pie of the discipline to reiterate the equipped willingness of the terminal.

As per the DIAL statement this shall be the initial of the sequence of nine 'Terminal procedure establishing Flights that shall land or disembark from the newly crafted posh terminal on July 14 and 15.

First quarter results of India Inc. kept the 30-scrip Bombay Stock Exchange benchmark index, BSE Sensex, at bay on Tuesday.

While the index first slumped after looking at poor results announced by IT major Infosys, it bounced back in the second half on favorable reports from Reliance Industries Ltd's (RIL) counter.

While the Sensex closed 48.70 points up at 17,985.90 after touching an intra-day low of 17,855.85, the broad-based NSE Nifty rose 17.65 points to end the day at 5,400.65. Nevertheless, this remained Nifty's highest close in the last 12 months.