INDUSTRY & ECONOMY
ANTI-DUMPING
Industry irked by slow pace in dumping duty measures
THE domestic industry, swamped by cheaper imports and looking to the Directorate General of Anti-Dumping and Allied Duties (DGAD) for trade-defence remedy, today appears crest-fallen as the Designated Authority in the Commerce Ministry has not ...
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ECONOMY
CMP balances reforms with other economic concerns — All subsidies to be targeted at the poor, needy
ON a pleasant, rainy afternoon unusual for this time of the year, the ruling United Progressive Alliance (UPA) released its Common Minimum Programme (CMP), a please-all document seeking to balance the reformist zeal of the Congress with the ...
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Reforms to continue, PM assures industry
THE Prime Minister, Dr Manmohan Singh, has emphasised that the Government's policy would be to encourage the strong development of Indian industry. Addressing a high-powered delegation of the Confederation of Indian Industry (CII) which called ...
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INFRASTRUCTURE
CMP gives priority to infrastructure
IN an effort to bring about the development and expansion of various infrastructure sectors such as roads, highways, ports, power, railways, water supply, sewage treatment and sanitation, the Common Minimum Programme (CMP) of the United ...
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Infrastructure projects in AP come under scanner
MAJOR infrastructure projects proposed by the Chandrababu Naidu Government have come under review of the new Congress (I) Government headed by Dr Y.S. Rajasekhara Reddy. The Chief Minister and senior State Government officials on Wednesday ...
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POWER
`Electricity Act review unwarranted'
THE grounds for review of the Electricity Act, 2003 as sought by the United Progressive Alliance (UPA) appear to be unwarranted, according to Government officials. The UPA, in its Common Minimum Programme (CMP) has sought review of the Act on ...
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Rustic power
Villagers carry an electric pole on a bullock cart near Kanjal village in Medak district. The announcement of free power to farmers seems to have galvanised the sleepy countryside into action. ...
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TAXATION
Cess on all Central taxes proposed
A CESS on all central taxes, including personal income, corporation, excise and customs duties, to finance universal access to primary education seems a certainty in the coming Union Budget. The final Common Minimum Programme (CMP) document of ...
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Concern over cess move
THE Common Minimum Programme (CMP) of the Congress-led United Progressive Alliance unveiled on Thursday has left many people rather confused and upset than clear about the policy direction the new Government would take. Two major points that ...
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India Inc welcomes steps; wary about cess on Central taxes
INDIA Inc has welcomed the final Common Minimum Programme (CMP) announced on Thursday by the United Progressive Alliance Government but has at the same time cautioned that the imposition of a new cess on Central taxes for providing subsidy on ...
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SSI
K-bip to sign MoU with German expert group
SES has helped upgrade a coir-making machinery and K-bip is in the process of producing three prototypes.
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`Reduce interest rate on foreign banks' deposits with SIDBI'
The working group headed by Dr A.S. Ganguly has also made a case to increase the term of the deposits from one year to three years.
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EXIM POLICY
Kamal Nath keen on unshackling procedures in Exim Policy
THE Commerce and Industry Minister, Mr Kamal Nath, is keen to "unshackle" Exim procedures in the forthcoming Exim Policy. He has also assured the exporting community that their concerns on taxation would be taken up with the Finance ...
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INDUSTRY ASSOCIATIONS
Assocham for flexible labour laws
THE President of the Associated Chambers of Commerce and Industry (Assocham), Mr Mahendra K. Sanghi, has advocated flexibility in labour laws for optimal utilisation of the human resource to achieve higher productivity and efficiency. At a ...
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Raghu Allamsetty is new Amcham Chairman
HANDLOOM
Handloom silk sari production hit in Thanjavur dist
According to sources, about 8,000 looms were functioning and 20,000 workers were dependent on the sector. Fluctuation in the cost of raw materials and stiff competition from power loom sector have badly affected the handloom industry. As a ...
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DISINVESTMENT
Treading the middle path on privatisation
FORMALLY announcing the burial of the Ministry of Disinvestment, the United Progressive Alliance (UPA) on Thursday took the middle path on the overall disinvestment policy, stating that it was "generally" against privatisation of profit-making ...
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RURAL DEVELOPMENT
Change the mindset on rural poor
THE Report of the Advisory Committee on Flow of Credit to Agriculture has taken a dim view of the operations of the rural credit system and is about the worst indictment to date. Commercial banks, regional rural banks, co-operative banks - ...
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TRADE & LABOUR UNIONS
Trade unions to be consulted on labour issues
TRADE unions have successfully bulldozed their way into influencing Government policy-making on labour issues. The UPA Government's common minimum programme (CMP) has said that the Government would consult trade unions whenever changes are ...
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EVENTS
`ISO a challenge for Indian cos'
MADURAI: Indian companies are struggling to maintain ISO 9000 status as they find it hard to adhere to total quality management norms, said Mr B.T. Bangara, Managing Director, Hiteh Arai Ltd, here. Speaking at the National Conference on ...
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Biodiversity board soon
In Hyderabad today
EXPORTS & IMPORTS
RBI announces gold card scheme for exporters
THE Reserve Bank of India in consultation with banks and exporters has announced the gold card scheme for exporters to get cheaper and faster credit. As per the scheme initially proposed in the Exim Policy 2003-04, all credit worthy ...
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ECONOMIC OFFENCES
Another VDIS in the offing?
WILL there be yet another tax amnesty scheme like the Voluntary Disclosure of Income Scheme (VDIS) that the present Finance Minister, Mr P Chidambaram, introduced in his previous term during 1997-98? The promise made in the Common Minimum ...
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