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Govt eases foreign trade norms — Free import of gold, silver; gold card scheme for exporters
IN a major fine-tuning exercise of the 2002-07 Export-Import (Exim) Policy, the Government on Wednesday announced a string of trade facilitation measures to bring down transaction cost with a view to consolidating and accelerating incremental ...
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Sensex sheds 117 points on profit taking
THE two-day rise in the stock market was halted on Wednesday as profit taking and squaring-off of the derivatives contracts, a day ahead of their expiry, pulled down the stock prices. However, there was some intra-day recovery in the last ...
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Inflation may not attain downward bias: RBI
THOUGH the Reserve Bank of India maintains its inflation forecast range of 4-4.5 per cent, the downward bias "may not be attainable,'' said RBI's recently published, Report on Currency & Finance 2002-03. According to the report, the uncertainty .
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Centre amends telecom operators' licence pacts — Cuts fees by 2-4 percentage points
THE Government has finally delivered on its promise of reducing the licence fees for basic and mobile telecom operators by between two and four percentage points starting fiscal year 2004-05. According to official sources, the Department of ...
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Exports in December up 42 pc — Import rise widens trade deficit
THE country's exports gained renewed momentum growing by 42.68 per cent in December 2003 at $5.49 billion over $3.85 billion during the corresponding month in the previous year. However, with imports recording an equally robust growth of 44.95 ...
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EPCG scheme norms further liberalised
THE Commerce Minister, Mr Arun Jaitley, has made the Export Promotion Capital Goods (EPCG) scheme more attractive by further easing export obligation norms under the scheme, and extending the "duty-saved" formula to EPCG licences issued prior to ...
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