AGRI-BIZ & COMMODITIES
RUBBER
Rubber stabilises on marginal buys
AFTER a steep fall, rubber rates stabilised on Friday. Scattered buying from the covering group helped the market to sustain at the existing levels. Ungraded rubber was the only gainer of the day and it improved by 25 paise to close at Rs 48 ...
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TEA
Tea industry seeks term loans from banks
THE tea industry has reiterated its demand to banks to extend financial assistance in the form of a special tea term loan into which current and overdue loans of the industry can be transferred and rescheduled. The term loan will be akin to that ...
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DAIRY & DAIRY PRODUCTS
Coimbatore Aavin declares dividend
IT has been a milestone achievement. For the first time in the history of dairy co-operatives in Tamil Nadu, Coimbatore Aavin declared a dividend (of 9 per cent) and disbursed the same. The outgo on this account was Rs 6.2 lakh. The Managing ...
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FOODGRAINS
Green prospects for grain output
WHILE during 2002-03, agricultural growth turned out to be negative due to severe drought that affected agricultural production and productivity in several parts of the country, favourable rainfall during the current ...
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SPICES & CONDIMENTS
Pepper up on good buying
PEPPER prices shot up by Rs 700 a quintal from the closing price of last Saturday in the terminal market here on Friday on heavy buying support from upcountry operators. The spot prices of MG 1 moved up to Rs 7,500 per quintal as against Rs ...
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INCOME TAX
Why frown upon farm income from firm
SECTION 10(l) of the Income-Tax act 1961 exempts income from agriculture if it comes within the definition of `agricultural income' as given in Section 2(1A) of the Act. However, the I-T Act provides for partial ...
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EXPORTS & IMPORTS
Corn export demand may touch 5 lakh t
DEMAND for export of corn (maize) could touch about five lakh tonnes as importing nations find it competitive to buy in view of lower price and rising freight charges. "There is a new interest for our corn. Firstly, our prices are competitive ...
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Foodgrain exports to continue
EXPORT of foodgrain is here to stay and the Government will continue to explore newer markets in the global area, a Union Food Ministry official said on Friday. "There are bottlenecks in foodgrain exports. It is being attended to with the help ...
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