Financial Daily
from THE HINDU group of publications

Tuesday, July 17, 2001





24 pc hike in farm sector credit flow
NEW DELHI: Institutional credit flow to the farm sector is expected to grow by 24 per cent to touch a record Rs 64,000 crore during 2001-02, the Union Agriculture Minister, Mr Nitish Kumar, said here.

Govt tightens noose on vegoil import -- Bond sought for industrial use buys
THE Finance Ministry has tightened the noose on vegetable oil importers to check rampant misuse of the 35 per cent concessional customs duty facility accorded to oils imported for industrial and other non-edible purposes.

`Edible oil price hike due to Customs delay'
EXPRESSING concern over sudden spurt in prices of edible oils despite good monsoon and comfortable world supplies, importers have attributed the bullish conditions in the domestic market to inadequate imports in the wake of procedural difficulties faced by them in customs clearance.

Cotton contamination bugs growers, merchants
EMPHASIS against contamination in raw cotton is heard loudly in every quarter in the textile industry.

Food & Dairy Products
UK drafts 5-year food safety plan
A STRATEGIC plan setting out priorities for food safety, public information, labelling and choice, nutrition and diet, and food law enforcement over the next five years has been unveiled by the United Kingdom's Food Standards Agency (FSA).

$ trading in pepper from Sept
DOLLAR trading at the International Commodity Exchange (ICE) here for futures trading in pepper is likely to commence from September.

Loans yet to be rephased: Coffee growers
COFFEE growers, who have yet to get the benefit to loan rephasement as directed by the RBI, have threatened to take matters up with the authorities if things are not sorted out within a fortnight.

Protest against turnover tax -- Rubber dealers' hartal today
THE rubber dealers in Kerala have decided to observe a one-day hartal on Tuesday protesting against the imposition of turnover tax (TOT) on rubber in the recent State Budget 2001-02.

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