Global enquiries boost Nilgiris tea trade
Wellington:In spite of falling prices, there have been enquiries to import teas - albeit plain-made teas from the Nilgiris at higher than the current market rate. Industry sources said that buyers from Malaysia are currently visiting the region to source Nilgiri teas. "Enquiries from the Malaysian buyers have come in the wake of news that tea prices in the Nilgiris are ruling at very low levels," a broker said.
Back to News Review index page  

India May Face Stringent US Riders On Defence Purchases
Mumbai:India's refusal to send troops to Iraq could have a strong fall-out in the form of stringent riders being attached to defence purchases from the US.

Though there is no such clause in the present US defence export guidelines, it has introduced with immediate effect these provisions starting with India, the Defence Policy Group was told in Washington last month.
Back to News Review index page  

Marginal rise in net direct tax revenues
New Delhi:The declining trend in net direct tax collections this year, courtesy the Finance Ministry's decision to clear refund dues to assessees at the earliest, has finally been stemmed.

During April-August 2003, the Centre's net corporation and income-tax collections after refunds have been estimated at Rs 14,530 crore, marginally higher than the Rs 14,385 crore figure for the corresponding five months period last year.
Back to News Review index page