The Hindu Business Line : Friday, March 28, 2003

Medicinal plants area in AP to cross 1-lakh mark
THE area under medicinal plants is expected to cross one lakh acres in Andhra Pradesh this year as against 30,000 acres last year. Many farmers are coming forward to take up cultivation of medicinal plants that are not only remunerative but ... More

RUBBER

Mixed trend in rubber market
THE rubber market showed mixed trend on Thursday with activities mainly revolving around the covering group that concentrated on procurement of ungraded rubber for the general rubber goods sector. The tyre industry's buyers did not make any ... More

TEA

Duncans to merge loose tea biz
THE Gauri Prasad Goenka-owned Duncans Group is currently engaged in the business of consolidating its branded loose tea retail business into one company. This business is now operated by two insignificant marketing outfits of the Duncans ... More

PRECIOUS METALS

Bleak recovery prospect seen supporting gold
The onset of military activity has sparked a number of questions about the behaviour of the yellow metal. How would gold react during the period of war that is widely expected to be short-lived and after the war has ended? Even as the war is ... More

COTTON

Cotton Corpn to step up sales
THE Cotton Corporation of India (CCI) has sold nine lakh bales of cotton and registered profit before tax, interest and depreciation of Rs 25 crore. In a press note, it announced an MoU with the Ministry of Textiles, where the CCI has ... More

OILSEEDS & EDIBLE OIL

No service tax exemption on forex earnings, says CBEC chief — Relook at excise on branded edible oils
THE Government is taking a "relook" at the eight per cent excise duty clamped on branded refined edible oils and vanaspati in Budget. "We have recognised the problems surrounding the imposition of excise duty on branded edible oil industry. We ... More

Hopes squeezed on oilseeds
HAS THE Government abandoned hopes of stepping up oilseeds production substantially and rapidly? It seems so. Else, why should the Economic Survey 2002-03 seek to paint a gloomy picture of oilseeds production prospects in the near future? ... More

Edible oil: A loophole comes in handy packs
AFTER the rollback of fertiliser price hike, will it be edible oil next? Seems most likely, going by the statement of the Chairman, Central Board of Excise and Customs, who admitted that the Government was having a re-look at the excise duty on ... More

SPICES & CONDIMENTS

Spices Board seeks curbs on Lankan pepper import
A MOVE by the Government to provide 100 per cent duty exemption to pepper imports from Sri Lanka is likely to result in cheaper imports from the island nation and other origins flooding the domestic market. The Customs department, vide its ... More

EXPORTS & IMPORTS

FDA move likely to hit food products export — Trade sees prior information norms `impractical'
EXPORTS of food products from the country to the US are likely to be hit when the proposed Food and Drug Administration (FDA) regulations relating to food shipments and storage come into effect. Though India's share of the $50 billion US food ... More

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