AGRI-BIZ & COMMODITIES
CULTIVATION
Govt to facilitate crop diversification
CROP diversification, a pet theme recurring in the speeches of all finance ministers in recent years, found place in the United Progressive Alliance' s first Budget presented by Mr P. Chidambaram. "Time has come to encourage farmers to ...
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Right thrust on crop diversification
THE Finance Minister, Mr P. Chidambaram, has done an excellent job of adhering to the Common Minimum Programme. He has also been able to appraise the right and specially the `left' quarters. The thrust towards agriculture sector on expected ...
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RUBBER
Rubber rules firm
The market activities were low as traders turned more cautious on the Budget day. Meanwhile, sources also indicated that they expect an increase in arrivals towards next week. Sheet rubber RSS 4 closed at Rs 67.50 as on Wednesday. The ...
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SUGAR
Coop sugar sector needs tax holiday
THE co-operative sugar industry, especially in Maharashtra, was expecting categorically relief measures for its rehabilitation and revitalisation in view of its tough time during last 3 years. In light of this expected background, the industry is ...
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TECHNICAL ANALYSIS
Gold may break on lower side
GOLD prices headed higher on Wednesday after the markets took stock of the future direction for the dollar and Fed's positioning from here on. Markets are digesting the impact of a quarter basis point rise on the US dollar and since such a move ...
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WATER
Water bodies renovation innovative
THE thrust given to the rural economy in general and agriculture in particular in this Budget is very correct, because an equitable and sustained high rate of growth of Indian economy cannot happen otherwise. Among the various measures ...
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GOLD & SILVER
No impact on gold market; platinum prices may fall
THE entire bullion trade is totally disappointed with the General Budget 2004-05 announced on Thursday. ``Traders were expecting some major changes in the Budget such as re-export of gold and all India hallmarking system,'' Mr Suresh Hundia, ...
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METALS
Customs duty cut on metals: Major price impact unlikely
THE proposed reduction of 5 per cent customs duty on base metals including copper, lead and zinc in the Union Budget 2004-05 will not have much impact on prices and import inflows in the immediate future. The Union Finance Minister on Thursday ...
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DAIRY & DAIRY PRODUCTS
No excise duty on dairy machinery
The Finance Minister, Mr P. Chidambaram, today announced that milking machines and dairy machinery of heading 84.34 will be exempt from excise duty. This would mean a net benefit of five per cent to companies like the Gujarat Co-operative Milk ...
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FOODGRAINS
Rs 2,000-cr cut in food subsidy
Higher offtake levels and lower procurement have helped the Government to cut food subsidy.
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OILSEEDS & EDIBLE OIL
A bitter-sweet pill for vegoil sector
A SECTION of the country's vegetable oil industry may have reason to be disappointed with the United Progressive Alliance's maiden budget which has proposed little else than a small — five percentage point — increase in basic customs ...
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COFFEE
Views from the bottom of a coffee cup
WITH Mr P. Chidambaram at the helm of affairs, the coffee sector in particular was eagerly anticipating a friendly Budget. However, their hopes appear to have been dashed as nothing in this Budget provides any relief to the coffee grower. ...
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