• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Chennai, March 8

The All India Chamber of Match Industries (AICMI) has decided to go on a countrywide strike on March 10 as repeated pleas to the Union Minister to reduce the rate of excise duty to 4 per cent from 12 per cent became futile. A press release from AICMI said the reduction of the duty would go a long way in helping large-scale manufacturers to support their huge employee base. The current tax pattern encouraged small players, even though they did not opt for a 100 per cent han d-made process, to avoid tax worth about Rs 100 crore, the release said.

— Our Bureau

More Stories on : SSI | Trade & Labour Unions | Budget

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Organised sector may add 10 lakh workers by December: Study

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line