ILD
guidelines to be finalised soon
Bangalore:
The government would finalise guidelines for international long
distance voice traffic this month, according to telecommunications
secretary Shyamal Ghosh.
The government had already received recommendations in this regard
and guildelines for Internet telephony were also being finalised
so that the sector could be opened up as early as possible after
April 1 next year, Ghosh said while addressing a four-day regional
seminar on e-commerce.
Ghosh said Internet telephony could not be opened up before April
one next year, since the VSNL had monopoly over international
voice traffic till then.
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Provisional
dumping duty on US steel
New Delhi:
The designated authority set up in the commerce ministry to probe
dumping cases has recommended provisional anti-dumping duties on
cold rolled flat products of stainless steel originating in the
United States on grounds of injury to the domestic industry. For
the same reason, imports of the product from the European Union,
Japan and Canada have also been subject to anti-dumping duties.
A notification issued by
the authority said that the duty will be $0.82 per kg on all
grades of stainless steel cold rolled flat products of stainless
steel supplied by the US, $0.70 per kg on supplies by Japan, $0.20
per kg on supplies by Canada and $0.37 per kg on supplies by the
EU.
The authoritys move followed a petition filed by Jindal Strips,
Hissar, alleging dumping of the product from the above countries.
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Deutsche
Corp among 15 FDI proposals cleared
New Delhi:
The government has approved the Rs 111.65 crore proposal of
Deutsche International Trust Corporation to issue 100 per cent
optimally convertible non-cumulative redeemable preference shares
in two tranches.
The two tranches will be of Rs 95 crore and Rs 16.65 crore
respectively, an official statement said here.
The proposal was among the 15 foreign direct investment proposals
worth Rs 113 crore cleared by commerce and industry minister
Murasoli Maran on the basis of recommendations by Foreign
Investment Promotion Board.
Proposals of Standard Chartered Bank, UK, to make further
downstream its investment up to 100 per cent has also been
cleared.
IT software and education company Aptech has been given the nod to
issue GDRs and GDs to the existing shareholders after the merger
of two divisions of the company.
Governemnt has also approved the proposal of Singapore-based drug
marketing company Novo Investment PTE to change its status from an
Overseas Corporate Body to a foreign investor.
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