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CII
Pegs 5.4 per cent growth
New Delhi: Confederation of Indian Industry expects
the economy to clock a 5.4 per cent growth during 2002-03,
but the fiscal deficit during this period could be Rs
14,000 crore in excess of the Budget estimate.
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Oil
firms put off price hike
New Delhi: State-run oil companies on Sunday deferred
the fortnightly revision of petrol and diesel prices in
view of excessive volatility in international oil markets.
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Tokyo
Summit fails
New Delhi: The three-day mini-ministerial of the World
Trade Organsiation ended here on Sunday without consensus
on agriculture exporting giants’ demand for increased
access to markets with New Delhi backing Tokyo and Brussels
opposing the move.
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Plastics
import set to jump as intake may treble by 2010
New Delhi: The domestic plastic consumption is expected
to increase three-fold by 2010. As a result, imports are
expected to go up significantly as domestic manufacturing
may not be able to meet the demand.
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FM
may raise I-T exemption limit to Rs 60k
The budget is likely to bring some cheer to manufacturers
and consumers. According to sources, the Union Budget
'03 is expected to stimulate demand in the economy by
reducing excise duty on certain goods and by restructuring
personal taxation.
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