States set to play April fool on centre over VAT
New Delhi: The much-touted value added tax has run into rough weather with at least half a dozen states showing their unwillingness to implement it from April 1, which could force the Centre to defer the deadline by a few months.
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Services sector to gain; recast likely in commerce ministry
New Delhi: Services can be a major winner in the Exim policy to be announced by commerce minister Arun Jaitely on Monday. The ministry is also expected to see some reorganisation with special cells being set up to monitor services and for categories needing special thrust for exports.
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CII moots procedural changes to up exports
New Delhi: The Confederation of Indian Industry expects the forthcoming Exim Policy to introduce four procedural simplifications to give a leg-up to exports in both in terms of value and volumes.
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India looks for alternate oil supplies
New Delhi: With the ongoing war against Iraq threatening to be a prolonged one, India is taking no chances on its crude supplies. It has already initiated the process of tying up with oil-producing countries like Sudan and Angola and has also signed contracts for additional shipments from Kuwait.
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