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Tuesday, February 08, 2005

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AGRI-BIZ & COMMODITIES

FARM CREDIT


To meeet priority sector lending targets — Foreign, new pvt banks move to buy out farm loans from PSBs
In order to avoid penalties, some foreign banks have begun activating their lines of credit with the public sector banks for funding their compliance with priority sector loan targets or taking them out. More

POWER


Discoms file new papers for free power to AP ryots
FACTORING in the new agriculture policy, distribution companies today filed an addendum to the Aggregate Revenue Requirement (ARR) presented to the Andhra Pradesh Electricity Regulatory Commission last year. With this, 90 per cent of farm ... More

RUBBER


Rubber dealers in a spot over VAT
THE shift to the Value-Added Tax (VAT) regime from April 1 this year has left the rubber dealers in Kerala a confused lot. They say implementing the VAT will make rubber trade more complicated. To make matters worse, the State is now planning ... More

Rubber rates steady
DOMESTIC spot rubber rates displayed a steady trend on Monday. Buyers preferred to keep an extremely low profile expecting further decline in prices, while the market continued to remain in sellers' mode. Major manufactures showed no interest ... More

SUGAR


Sweet rush: Sugar industry turns bullish
ONLY a couple of years ago, the worst thing for an industrialist to own was a sugar plant. With ex-factory sugar prices at Rs 10 to Rs 11 per kg and molasses selling at Rs 600 per tonne, the joke doing the rounds then was that for every sugar ... More

TEA


Beeyu Overseas plans to buy tea factory in Lanka
BEEYU Overseas Ltd, a city-based tea company with operations in South India, is planning to acquire a tea factory in Sri Lanka. The company is also increasing the capacity of its tea factory in Udhagamandalam. According to Mr B.P. Singh, ... More

Tea body plea on VAT
KOCHI: The Tea Buyers Association has urged the State Finance Minister to consider the request of the Association to include tea in the VAT schedule attracting 4 per cent tax. The Association made the request in view of the fact tea is ... More

OILSEEDS & EDIBLE OIL


Flip-flop on edible oil policy — for whose benefit?
POLITICAL pressure, rather than supportive scientific evidence, seems to have won the day for palm oil importers. This is clear from the unseemly hurry shown by the Ministry of Finance in diluting the carotenoid condition. The move has ... More

SPICES & CONDIMENTS


World pepper output may decline
WORLD pepper output is likely to fall 20 per cent this year as the low prices in recent years have led to production dip in many producing countries. As a result, the overall supply is estimated to be less than the demand. The current low ... More


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Jan. 30-Feb. 5
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Vegoil imports increase


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