Service charges on onion exports slashed to 2%
New Delhi: The government has directed Nafed and other state trading entities permitted to canalise onion exports to slash the service charge levied for issue of NOC to associate shippers.
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Sinha bids adieu; Jaswant gets going
New Delhi: Yashwant Sinha, who had had one of the longest innings as finance minister, has bid goodbye to his senior officials with a gentle hint that there "maybe a little more of diplomacy in North Block and a little more of finance there."
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Govt to unveil export strategy for services soon
New Delhi: The government has said it will soon unveil a medium-term export strategy for the services sector as part of efforts to tap and boost the potential of services in our exports.
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Kandla to invite fresh tender for terminal
New Delhi: Kandla, one of India's busiest ports, will float a fresh tender to build a container terminal to augment its cargo handling capacity after Australia's P&O Ports turned down an offer, a top port official said on Tuesday.
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Direct tax collections up 1.5% for 2001-02
New Delhi: Direct tax collections were higher by 1.5 per cent at Rs 68,221 crore for 2001-02 than its previous year, according to Union Minister of State for Finance (Revenue) G N Ramachandran.
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New rules cut civil case wait
New Delhi: The government has notified the Civil Procedure (Amendment) Act, 1999, and the Civil Procedure (Amendment) Act, 2002, which came into force on Monday.
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Decision on patented drug exports deferred
New Delhi: A recent WTO meeting in Geneva could not agree on how patent-respecting developing countries can make and export patented drugs to least-developed countries with a poor public health record.
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Curbs imposed on GM drugs licensing
New Delhi: With an increasing number of drug companies seeking entry into the Indian market for recombinant technology-based drugs, regulators are tightening their grip to avert possible health and environmental dangers.
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India Inc shows signs of recovery, posts 29% increase in PAT
New Delhi: The Indian industry is showing signs of recovery and aggregate financials for the March 2002 quarter shows a 29-per cent increase in profit after tax. The last two previous quarters showed a sharp decline in PAT.
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Steel industry seeks clarification from China on 3% ceiling
New Delhi: After fumbling in the dark about safeguard measures announced by China, domestic steel industry is taking up the issue with the Chinese ministry of foreign trade and economic co-operation on the 3-per cent ceiling rule.
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Annual plan for Goa fixed at Rs 586 crore
New Delhi: The annual Plan size for Goa for the year 2002-03 has been fixed at Rs 586 crore while the outlay for the Tenth Plan has been projected at Rs 3,200 crore.
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