The Hindu Business Line : Thursday, January 31, 2002

Budget to focus on core sector
THE Government will keep in view the needs of the social and infrastructure sectors in the forthcoming Union Budget, Mr G.N. Ramachandran, Minister of State for Finance, has observed. He was addressing members of Bharat Chamber of Commerce ... More

CEMENT

Big hike likely in AP cement capacity
WITH the Andhra Pradesh Government set to extend mining lease rights for four more greenfield cement plants — Gujarat Ambuja, Sanghi, Prism and Lok Cements, the State is poised to witness huge cement production capacity addition in the next ... More

FOREIGN TRADE

EU to make import norms more transparent
THE European Union (EU) is working to become more transparent in setting technical standards for import to help developing countries understand the regime better, the Minister for Development Co-operation, Netherlands, Ms Eveline Herfkens, has ... More

POWER

Focus on power reforms at revenue circle level
The move is aimed at cutting the huge distribution losses. National Thermal Power Corporation Ltd and National Hydroelectric Power Corporation Ltd have been appointed consultants who would prepare `base line information' on the revenue circles. More

TAXATION

I-T exemption on ECB interest -- Panel for status quo on withholding tax
FINANCIAL institutions and key infrastructure Ministries which are pressing for the re-introduction of the exemption on withholding tax on external commercial borrowings (ECBs) in the 2002-03 Budget may be in for some disappointment if the ... More

`Consultants role vital to widen tax base'
THE recent restructuring undertaken by the Income-Tax Department coupled with fast computerisation will help achieve the objective of promoting a positive work culture in the department. Addressing tax professionals and recipients of Sammaan ... More

CINEMA

MNC moolah for Bollywood masala
THE face of film financing in the country is set to change with the entry of the US-based Film Finances Inc. One of the largest issuers of `film completion bonds', the company has firmed up plans for an Indian presence. The arrival of the US ... More

IMPORTS & EXPORTS

Export goal pegged at $80 b by 2006-07
THE Medium-Term Export Strategy for 2000-07 targets exports of over $80 billion by 2006-07 and envisages raising the share in world trade to one per cent by the end of the Tenth Plan. The Union Minister of Commerce and Industry, Mr Murasoli ... More

Ministry plugs forward for drawback
EVEN as the Finance Ministry is considering rationalisation of various tax rebate schemes for exporters, the Commerce Ministry has made out a case for further extending the scope of duty drawback to include reimbursement of service tax and ... More

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