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Hike in free sale sugar quota for March New Delhi: Government has released 12 lakh tonnes of sugar as quota for indigenous free sale for the month of March 2004 instead of 10 lakh tonnes as announced earlier. With the actual release of 1.82 lakh tonnes of sugar as levy quota for the month of March 2004 already, the total availability of sugar during the month would be 13.82 lakh tonnes.

The Ministry of Consumer Affairs, Food and Public Distribution is monitoring the price and availability of sugar in the country and with enough stock of sugar in hand is in a position to release further substantial quantities additionally if required.
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Aluminium production during April 2003-January 2004
New Delhi: The Aluminium production in the country during April 2003-January 2004 has been estimated at 6,80,006 tonnes against 5,62,255 tonnes during the same period last year. Out of the total production, the public sector National Aluminium Company Limited (NALCO) has produced 2,48,600 tonnes and Bharat Aluminium Company Limited (BALCO) with 49 per cent Central Government Equity, produced 81,162 tonnes. The private sector Hindustan Aluminium Company Limited (HINDALCO) contributed 2,68,929 tonnes followed by Indian Aluminium Company Ltd. (INDAL) 54,478 tonnes and Madras Aluminium Company Limited (MALCO) 26,837 tonnes.

During January 2004, the total production of Aluminium was 64,220 tonnes. NALCO exported 70,726 tonnes of Alumina and 11,239 tonnes of Aluminium metal during the month.
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SC disposes plea against reduction
The Supreme Court today disposed off a petition challenging the government move to reduce Indian Institute of Management fees.

A three-judge bench, headed by Chief Justice V N Khare dismissed the plea on the grounds that the government had assured compensation of the deficit to be incurred by IIMs, post fee reduction.
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domain-B : Indian business : News Review : 27 February 2004 : general