weeeeeeeeeeeeeWeekly news

Vote for, du studentsbreak code

• Campaigning continued even on the day of voting

• Several student organizations had hired people, many of whom

were daily wage labourers to distribute pamphlets for rs100 to

rs50 a day.

• War of words between abvp and nsui included slogans like

khelo ke dalalo ko, joote maro salo ko’

VIDEOCON BRINGS 1P/SEC ISD CALLS

• Videocon mobile service provider on tuesday announced one

paisa per sec billing for ISD calls making them at par with

local calls.

• Introducing one paisa per second calling voucher for US and

CANADA priced at rs57 with 30 days validity.

INSURANCE POLICY TO LOSE SHEEN

• Under the new tax system, equity-oriented mutual funds and

ulips are set to lose their importance as they have not been

included in the approved list of securities, where investment

made are considered for tax savings.

• Acc to the direct tax bill, investment in an insurance policy

will qualify for tax exemption only if annual premium does not

exceed 5% of the sum assured, thus hitting the insurance

sector hard

PHILIPS TO SET UP HEALTHCARE AND R&D

• For strengthening its position in the healthcare category in

india by setting up a greenfield healthcare R&D and

manufacturing facility in pune.

• Philips has made two healthcare acquisitions- alpha x-ray

technologies and meditronics.

• Manufacturing facility in pune will make cardiovascular and

x-ray equipments.