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Wednesday, September 01, 2004

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Service tax goes for all exporters — Kamal Nath aims to double India's share of global trade by 2009
EXPORTERS of all goods and services, including those from domestic tariff area (DTA), have now been exempted from service tax. Also exporters with minimum turnover of Rs 5 crore and a sound track record have been exempted from furnishing bank ... More

It is now `Served from India' scheme
THE Foreign Trade Policy 2004-2009, unveiled by the Commerce Minister, Mr Kamal Nath, has revamped and recast the earlier duty-free entitlement certificate (DFEC) scheme into `Served from India' scheme. The new scheme seeks to create a ... More

IISCO to be merged with SAIL
THE Ministry of Steel has decided to merge the nation's oldest steel company, the 130-year-old Indian Iron & Steel Co Ltd (IISCO), with Steel Authority of India Ltd (SAIL). This was formally announced by the Steel Minister, Mr Ram Vilas ... More

Car design outsourcing the next gold rush?
NEXT YEAR the US alone will see the launch of 50 new cars, and parts of these cars will be designed in India through outsourcing of engineering drawings. Carmakers in the US are increasingly facing a major challenge in terms of designing more ... More

`Free warehousing zones to make India a trading hub'
The Free Trade and Warehousing Zones proposed in the Foreign Trade Policy would make India a veritable trading hub after Dubai which had emerged as the world's biggest warehousing/trading centre, the Union Commerce and Industry Minister, Mr Kamal ... More

Growth in tax revenues helps rein in fiscal deficit
BOLSTERED by a 20.12 per cent growth in net tax revenues, the Centre has managed to rein in its fiscal, revenue and primary deficit numbers so far during the current fiscal. During April-July 2004, the Centre's fiscal deficit — the gap ... More

Mid-caps make merry in modest trading
AFTER a lacklustre start to the day's trading, stock prices recovered as Sensex closed in positive territory for the second consecutive day. Price gains during the day were, however, muted compared to the robust opening to the week's trading ... More




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