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The Government has sanctioned capital, an estimated cost of Rs. 3023.01 crore, for the allocation of unique identity numbers to 10 crore of the India’s 100 million population.

From this estimated amount, Rs. 477.11 crore will be kept for recurring establishment expenditure while the remaining Rs. 2,545.90 crore will be reserved for non-recurring project related expenditure.

The government will issue the first set of 10 crore UID numbers sometime between August 2010 and March 2011, after which 600 million more UID numbers will be issued by the next three years.

The largest polystyrene producer in India, Supreme Petrochem Ltd (SPL) has declared its year end financial results for the fiscal year 2009-10. As per the financial report it has managed to register almost three fold rise in the net profit figure in this year under review.

The company has posted a net profit of Rs 60.47 crore for the year that ended in 30th June, 2010. This net profit was Rs 19.18 crore in the corresponding fiscal year 2009. This has been informed by Supreme Petrochem Ltd (SPL) in a filing at the Bombay Stock Exchange.

The yearly food inflation came down to 12.47 per cent for the week ended on July 10 as compared to previous week’s 12.81 per cent. There has been a decline in the prices of vegetables, especially of potato and onion. The price of potato has come down by more than 45 per cent over the year, while the price of onion has come down by almost 8 per cent. The overall prices of vegetables have come down by 9.92 per cent.

Nava Bharat Ventures Limited has declared its first quarter financial results for the fiscal year 2010-11. According to the reports the net profit has gone down in the quarter under review. The company has posted a net profit of Rs 105.53 crore during the April-June period of fiscal year 2010.

The net profit of the firm was reported to be Rs 136.37 crore for the same quarter last year. Hence there has been a decline of 22.61% in the net profit figure this time against last year’s record.

On Friday, the futures in the spices went down by 2 per cent. This happened because the traders continued to book profit after there was a rally in the prices.

Last week due to rising demand the prices had gone up but this week it is down since both the domestic as well as international markets have seen a decline.

At 2:18 PM, price of pepper for most active August was at Rs. 20,091 for 100 kgs which means a decline of 1.90 per cent. For the last eight session, the same had seen an increase of around 10 per cent.

Price of spot pepper exports was down by 5 per cent to 4,650 tonnes in April-June 2010 as compared to the last year.

Bajaj Auto Finance has declared its three fold jump in the net profit in the first quarter of the fiscal year 2010. As per the report increased loan disbursal has propelled the net profit of the firm up for the quarter.

Bajaj Auto Finance has posted a net profit of Rs 46.8 crore for the quarter that ended in 30th June, 2010. This net profit figure has grown up by three fold in this quarter as compared to the same quarter in the last fiscal. Bajaj Auto Finance has informed this in a filing at the Bombay Stock Exchange.