Hardware
exports to grow
New
Delhi: The growth of hardware exports in the current fiscal is
likely to post a marginal increase to a maximum of $ 1 billion
from the current 0.5 billion dollars, according to Manufacturers
Association of Information Technology (MAIT).
MAIT is meeting IT Ministry officials on November 20 to submit its
budget proposals.
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Govt
restrained from encashing DPC guarantees
Mumbai:
The Bombay high court has restrained the Centre and customs
authorities from encashing guarantees undertaken by State Bank of
India in regard to customs duty payable by Enron-promoted Dabhol
Power Corporation (DPC) for importing equipment.
Justice D G Karnik granted the ex-parte injunction on a petition
filed by DPC. DPC had challenged the show cause notice issued by
customs authorities asking the company to pay Rs 245 crore as
import duty on the equipment.
The court also restrained the SBI from making payment under the
guarantees undertaken by it on behalf of DPC.
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