Steel duty: despite victory at WTO India has to request US to honour it 
New Delhi: New Delhi has requested Washington to comply with a WTO panel ruling and rollback the 72.49 per cent dumping duty and the 12.8 per cent countervailing duty on Indian cut-to-length carbon quality steel plates within a "reasonable" period of three months. 
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Minister moots zero sales tax for food sector 
New Delhi: Food processing minister NT Shanmugam has expressed concern over the tardy progress made by states in facilitating the implementation of the ambitious food parks scheme. 
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Govt notifies issuance of tax-free bonds 
New Delhi: The government on Thursday notified issuance of tax-free bonds announced by finance minister Jaswant Singh to encourage savings. These bonds will be issued from October1, 2002
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Asset-strippers scent cheap buys 
New Delhi: For some bank defaulters, urban development minister Ananth Kumars announcement on allowing change in use of commercial and industrial land may have come too soon after the securitisation ordinance has been re-promulgated. 
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Karnataka abides by SC order on Cauvery water 
Bangalore: Hours after deciding to abide by the Supreme Court directive, Karnataka released water to Tamil Nadu as protests by farmers and students continued for the second day on Thursday when they blocked road traffic and detained a train in the neighbouring Mandya district. 
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Tonnage tax: ministry to move finMin next week 
New Delhi: The shipping ministry will begin consultations with the finance ministry next week for pulling out the shipping industry from recession. 
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Labour, eco rows: CII for govt following China at Cancun meet 
New Delhi: Instead of wasting time with the like minded group, India should join hands with China to push common agenda for the next Cancun ministerial of WTO on issues of labour and environment, Confederation of Indian Industry has said. 
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Russian Amur subs may be built in India soon 
New Delhi: After the French Scorpenes, India is now eyeing the possibility of producing the Russian Amur class submarines. 
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Poor Monsoon spoils the party for tyre industry 
Mumbai: Tyre industrys hope for an early revival from the prolonged downturn stands dashed as the truant monsoon is expected to dent a big hole in the demand from auto makers.
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