Financial Daily
from THE HINDU group of publications

Thursday, April 20, 2000




Macro Economy

India, Poland agree to boost bilateral trade
INDIA and Poland on Wednesday resolved to boost their bilateral trade to $1 billion per annum, given the vast untapped potential that exists in many areas of mutual interest.

Panel rejects Govt stand on T&D losses
THE Parliamentary Standing Committee on Energy has not accepted the Government's stance on the transmission and distribution (T&D) losses reported in reforming States as compared to that in the pre-reform period.

Adopt common trade stance, Commonwealth told
THE Finance Minister, Mr. Yashwant Sinha, had said that the Commonwealth nations should work out a common approach on various trade-related issues.

`Export sops must continue till 2003'
THE Federation of Indian Chambers of Commerce and Industry (FICCI) has said that the export incentives under Income-Tax Act should be continued till 2003 which would be in conformity with the WTO norms. The sudden withdrawal of the tax benefits has affec ted the export sector and will have a major adverse impact on their general performance, particularly that of the IT sector.

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