Marico is expected to post high single-digit volume growth in the India business in the July-September quarter. However, it is expected to moderate sequentially, the company said in its quarterly update on exchanges.
The Comptroller and Auditor General (CAG) of India has criticized the Maharashtra state excise department for operational lapses that led to a significant revenue shortfall. The report cites incorrect fee assessments, failure to implement revised rates, and other irregularities.
The CSD runs one of the largest retail store chains in the country with over 3,500 canteens spread from Siachen glacier in the north to Andaman and Nicobar Islands territory in the southernmost part of the country.
The Indian Army on Thursday said it has registered the intellectual property rights of its new design and camouflage pattern uniform.
The chiefs of Army, Navy and Air Force have been called on January 12 by the PAC for a hearing on the committee on Canteen Stores Department based on the audit report, which has pointed out irregularities in the supply chain management of rations in the Army.
A serving Brigadier has been arrested by the Central Bureau of Investigation for alleged irregularities in the purchase of consumer goods for Canteen Stores Department (CSD) in the Ministry of Defence--the second officer of the same rank and the fifth person to be picked up in the graft case.
A major fire broke out in the Military Canteen Stores Department building in Bangalore on Tuesday.
The PAC had called the chiefs of the three defence services for a hearing after a CAG report pointed out irregularities in the supply chain management of rations by Canteen Stores Department. Singh appeared before the PAC headed by senior Bharatiya Janata Party leader Murli Manohar Joshi at around 1100 hrs and senior Army officials made a presentation of management of rations in the Army.
CSD was created to provide easy access to quality products of daily use, at prices less than market rates to the soldiers, ex-servicemen and their families
20 defence ministry reforms 'is a reflection of the resolve of the government to make the defence sector stronger and more efficient.'
Intelligence agencies have informed the home ministry that it was a common practice for many people to enter the sensitive air force base with their cattle for grazing after paying the guards deployed in a few isolated gates.
'We owe our existence to the men in uniform, and we owe it to them to cleanse the armed forces by driving away every bit of corruption that eats into it,' argues Sudhir Bisht.
More, many market gurus expect the Sensex to reach 30,000 levels by December and 40,000-45,000 in three to four years.
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