Commodities
Recession in commodity markets to continue: IMF
GLOBAL commodity markets already reeling under the impact of world-wide economic slowdown are unlikely to recover soon.
Economy
Fast-track justice
NEW DELHI: The Chief Justice of India (CJI), Mr Justice A.S. Anand, allayed the misgivings of lawyers and others over the evolution of Alternative Dispute Resolution mechanism (ADR). Speaking after laying the foundation stone for the International Centre
for Alternative Dispute Resolution (ICADR) here on Wednesday, he said that ADR was designed as a workable and fair alternative to traditional Indian Judicial system and was supplemental in nature.
Infrastructure
French cos keen on road projects
BANGALORE: French companies are keenly eyeing the upcoming national road projects which offer investment opportunities of $100 million, Mr Jean-Paul Peterschmitt, French Trade Commissioner in Bangalore, and Mr Herve Barbaret, Commercial Counsellor, Econo
mic Trade & Finance Commission in the Delhi embassy, said on Thursday.
Power
`Use Technology Commercialisation Fund'
NEW DELHI: The Minister of State for Non-Conventional Energy Sources, Mr M. Kannappan, on Thursday urged industry to utilise the `Technology Commercialisation Fund' scheme formulated by the Ministry of Non-Conventional Energy Sources as a source of `soft
financing' for their commercialisation activities.
Taxation
Call for full rebate on business inputs tax
ANY value added tax (VAT) regime that provides only a partial rebate on the business inputs would discourage investment as well as economic growth, according to Mr Satya Poddar, National Director, Tax Policy Services, Ernst & Young, Canada.
Transport
Reforms in transport sector mooted
NEW DELHI: Sectoral reforms including rationalisation of tariff/user charges, strengthening of institutional, legal and regulatory framework in the transport sector have been advocated by Mr R.N. Malhotra, Chairman, Railway Board. ``This will ensure tran
sparency, fair competition and quality service to the consumers at optimum cost,'' he said while inaugurating a national seminar on `Resource mobilisation for transport infrastructure' here on Wednesday.
