The Hindu Business Line : Sunday, October 10, 2004

FOREIGN TRADE
Russia calls for liberal visa regime with India
RUSSIA has called for more liberal visa regime with India to further improve bilateral ties. According to the visiting Russian Foreign Minister, Mr Sergei Lavrov, the visa regime (of Russia) with India was less liberal as compared to other ... More

INFRASTRUCTURE
IT cos' boycott threat — Karnataka to improve infrastructure
FOLLOWING the threat by some information technology companies to boycott BangaloreIT.com 2004, the Karnataka IT secretary, Mr M.K. Shankar Linge Gowda, said on Saturday that steps were being taken by the Government on a war footing to improve the ... More

PETROLEUM
No respite from crude price rise: ONGC chief
THE ONGC Chairman, Mr Subir Raha, has said that crude prices are unlikely to soften for the rest of the fiscal. While the `fear factor' is contributing to its continuing firmness, the forthcoming winter and the resulting demand may make price ... More

PHARMACEUTICALS
Drug control body sought in all States
THE All India Drugs Control Officers' Confederation (AIDCOC) has called for the need to create independent drugs control organisation in each State headed by technically qualified people. It has also called for the need to appoint more drug ... More

STEEL
Importers move to look for shredded steel — Long products' prices shoot up
THE explosion of live shells from the steel scrap consignment imported by Bhushan Steel has begun to take its toll on the entire steel industry. The prices of long products, mostly used in the construction industry, have started shooting up. ... More

TAXATION
`States must involve taxpayers in VAT preparation'
STATE Governments must involve taxpayers in the value added tax (VAT) preparation process, according to Dr G.C. Srivastava, Member-Secretary of the Twelfth Finance Commission. In his valedictory address at the fifth advance training in VAT ... More

TEXTILES
India may gain from declining US textile sector fortunes
THE declining fortunes of the textile processing industry in the US is forcing it to import as much as 56 per cent of its cotton made-ups, 46 per cent of fabrics, and 8 per cent of cotton yarn. Cotton textile producers China, India, Pakistan ... More

EXPORTS & IMPORTS
Govt tightens metallic scrap import policy
THE Government on Saturday tightened the policy and procedures for import of metallic waste and scrap. The move is being seen as the fall-out of the recent explosion at the Ghaziabad facility of Bhushan Steel. Live shells forming part of the ... More

Labour remittances not eligible for new benefits
LABOUR remittances into the country would not be counted for duty credit entitlement under the recently launched `Served from India' scheme, the Directorate-General of Foreign Trade (DGFT) has said. Further, foreign exchange remittances such as ... More

NATURAL CALAMITIES
India, Nepal to take steps towards flood control management
THE India-Nepal Joint Committee on Water Resources (JCWR) has decided to appoint a joint technical group to prepare a strategy for flood control and management, apart from taking steps to expedite the ongoing hydroelectric generation projects ... More