Economy
Call for sector-based schemes to expand intra G-15 trade
THE New Delhi declaration of G-15 Federation of Chambers for Commerce, Industry and Services (FCCIS) has called for evolving specific strategies in various sectors to expand intra- G-15 trade and cooperation to ensure greater access to the markets of dev
eloped countries.
EU move to provide market access to Third World exports
THE European Commission today adopted ``a groundbreaking plan'' to provide full access for the world's 48 poorest countries into the unified European Union (EU) markets comprising 15 major industrial countries, with a few more waiting in the queue to joi
n the EU league.
Call for speedy implementation of PAC reports
THE two-day conference of Chairmen of Committees of Public Accounts of Parliament and State Legislatures on Thursday ended with a call to undertake ``vigorous follow-up on audit reports''.
Fitch sees `sub-6 pc' growth in economy
FITCH Ratings India, in its latest Economy Update, has underlined its expectation of ``a sub-six per cent growth'', following the recent decline in industrial growth, with the Index of Industrial Production (IIP) recording a 5.7 per cent increase during
April-October, 2000, against 7.2 per cent achieved last year.
Steel
`National steel policy will be ready in six months'
THE steel industry which is just recovering from a sustained recession has clocked an impressive growth of 14.6 per cent during the first eight months of the current fiscal.
Taxation
`Exclude long-term capital gains from MAT purview'
THE Institute of Chartered Accountants of India (ICAI) has urged the Government to exclude long-term capital gains from the ambit of Minimum Alternative Tax (MAT) provisions under the Income-Tax Act, 1961.
Textiles
`Budget must address textile tech upgradation'
ADDRESSING the backlog of technological modernisation in the textile industry will be the single most important item on the list of demands by the Textiles Ministry ahead of the forthcoming Union Budget.
