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Textile
dispute: EU to decide duty reimposition after sunset review
New Delhi: Brussels has initiated a sunset
review of the anti-dumping duty imposed on Indian cotton
bed linen and issued a notice to the European textile
sector. The move is to ascertain whether the duty should
be reimposed to safeguard it against any material injury
due to imports from India.
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Defence
outlay may go up by 5 per cent
New Delhi: The government is likely to hike the
defence budget by about five per cent for the year 2003-04
over the last year’s outlay of Rs 65,000 crore. Though,
last year too defence budget had seen a modest increase
over the year before, a substantial sum remained unutilised.
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Aviation
ministry to pitch for abolition of IATT in budget
New Delhi: The civil aviation ministry is pitching
for the abolition of 15 per cent Inland Air Travel Tax
in the Budget which may make domestic air travel cheaper.
The ministry has also sought removal of sales tax on aviation
turbine fuel for the industry.
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