Review
of sugar export ban in Oct
New Delhi: The government will take a decision
on lifting the ban on sugar exports in October this year,
according o agriculture minister Sharad Pawar. The continuation
of export ban will adversely affect sugarcane farmers
in the long-run, he said. The government had banned sugar
exports till the end of this fiscal to curb rising prices.
Pawar said the decision to ban exports had been primarily
taken due to media outcry on rising sugar prices. The
retail price of sugar has been about Rs20-21 per kilogram
since the last one year, barring only one week last month,
when prices increased to Rs22 a kg.
Pawar
said exports would benefit both farmers as well as the
mills as sugar prices are high in the international market.
Moreover, India will have a surplus in the next sugar
season that starts October with production pegged at 22.7
million tonne and consumption at 19 million tonne, he
added.
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Mobile
roaming charges may become cheaper
New Delhi: National roaming charges on mobile phones
may come down with the Telecom Regulatory Authority of
India considering adopting a model similar to the one
in being adopted by the European Commission to lower the
cap on roaming tariffs charged by the operators. Currently,
the Indian telecom regulator has set a cap on airtime
charges of Rs3.45 per minute (including the surcharge)
for domestic roaming calls. Operators charge between Rs4
and Rs6 per minute after including various charges. Some
operators also charge monthly rentals for the service.
Trai
will put up the proposal to the authorities for approval
soon. TRAI is also looking at another point: whether to
introduce a three-way split in revenues on roaming calls
whereby the operator on whose network the call terminates
also get a share of the revenue.
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Textile
exports up 25 pc in Q1
New Delhi: Textile exports grew by 25 per cent
in rupee terms in the first quarter of this fiscal.
Available
official figures based on raw data, with provisional figures
of trade data for 2005-06, show that overall textile exports
fetched Rs21,069 crore (Rs16,917 crore). The apparel garment
segment, comprising articles of apparel and clothing accessories,
knitted or crocheted as also not knitted or crocheted
earned Rs10,225.72 crore (Rs8,366.66 crore). The readymade
garment (RMG) segment, accounting for the dominant chunk
of total textile exports, did exceedingly well in 2005-06,
fetching Rs34,324.32 crore compared to Rs27,069.08 crore
in 2004-05, clocking growth of close to 27 per cent. During
2005-06, export of cotton textiles grew 25 per cent to
Rs19,893.85 crore (Rs15,924.43 crore). While exports of
wool and woollen textiles fetched Rs2,098.26 crore (Rs1,874.06
crore), growing 11.96 per cent, exports of silk earned
Rs3,063.13 crore (Rs2,671.46 crore), posting growth of
15 per cent. Exports of jute goods grew modestly by 5.08
per cent to Rs1,304.36 crore (Rs1,241.25 crore).
In
dollar terms the European Union and the US accounted for
nearly two-thirds of the overall figure. The US trade
data show that textile imports from India into the US
logged 26 per cent growth, while the EU trade data show
18 per cent growth in imports from India into the 25-member
EU bloc.
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CPM
says night shifts for women should be voluntary
New Delhi: The Factories (Amendment) Bill, 2005,
which allows night shifts for women in factories and establishments,
being pushed through by the UPA government in the current
session of Parliament has hit a roadblock with the CPI(M)
insisting on several changes in its provisions.
The Bill makes it mandatory for women to accept night
shifts but the CPI(M) says this should be voluntary so
that women who have a "dual responsibility"
of household should also have the discretion to refuse
to work in the night.
The
Left parties say that allowing women to work in night
shifts was against the ILO convention.
The
Bill to amend Section 66 of the Factory Act, 1948, which
was introduced in the Lok Sabha in August last year, is
meant to allow women to work at night with "adequate
safety, dignity and transportation from factory premises
to the nearest point from residence."
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Salim
group to create huge infrastructure project in West Bengal
Kolkata: The West Bengal Government has signed
an agreement with a consortium led by Indonesia-based
Salim group to set up the largest infrastructure project
in the state on nearly 40,000 acre of land. The agreement
between the State Government, West Bengal Industrial Development
Corporation and the New Kolkata International Development
Pvt Ltd (NKID) -- a special purpose company promoted by
the Salim group, the Universal Success group and Unitech
-- was signed at a function in the presence of Chief Minister
Buddhadeb Bhattacharjee.
The
agreement envisages setting up of a chemical industrial
estate, a multi-product SEZ and a small and medium enterprises
industrial estate, an expressway and a bridge. While declining
to quantify the investment pending preparation of the
detailed project report (DPR), the chief minister said
that Rs4,000 crores would be spent on building the expressway
connecting North 24 Parganas district with East Midnapore,
including the bridge over the Hooghly between Raichak
in South 24 Parganas and Kukrahati in East Midnapore.
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