The Hindu Business Line : Wednesday, August 09, 2006

POLICY
The Procrustean Food Bill
The Minister for Food Processing has tried to handle a complicated and complex job in a simplistic manner. Any single prescription would be something like the Procrustean bed of Greek mythology. The Food Bill will affect the small traders and produc ers, and throttle the growth of the major players as well. More

45 SEZ proposals formally cleared
The board of approval for establishing special economic zones (SEZs) today gave formal clearance to 45 of 169 proposals, including pending ones, that came up before it. Though officials were tight-lipped about the formal clearance - the ... More

`No change in petro product levies'
The Government on Tuesday said that it has no proposal under its consideration for a change in excise duty structure and rates of petroleum products. "At present, there is no proposal under the consideration of the government to ... More

Govt permits autonomous fuel price adjustments by OMCs
Burden of escalating crude price estimated at Rs 73,500 cr for current year More

FINANCIAL POLICY
Finance Ministry Directive to PSBs — Making a mockery of Monetary Policy?
The Government asking public sector banks to keep in abeyance lending rate hikes reveals a muddled approach to Monetary Policy-making. If the Government wants the system to subserve its political interests it should be honest about it instead of m aking spurious claims about a deregulated banking environment, says A. SESHAN. More

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Looking back
Jul. 30-Aug. 5
Vegoil tariff values hiked