Economy
Customs collections dip despite surge in oil imports
A SURGE in oil prices combined with the depreciation of the rupee vis-a-vis the dollar would have in any normal year shored up customs revenue and provided some cushion to the Finance Ministry to rein in fiscal deficit. This does not seem to be the case so far in the current fiscal.

Central Asia corpus fund mooted
THE creation of a Central Asia corpus fund to promote business opportunities between India and the resource-rich Central Asian nations has been suggested by Mr Aloke Sen, Joint Secretary in the Ministry of External Affairs (MEA).

China urged to speed up reforms in State-owned units
THE process of reforming China's enterprises, an essential element in the transformation to a market economy under way since 1978, is now at a critical juncture.

Foreign Trade
West Europe, Asia and Oceania drive Q1 exports
THE $10 billion-plus export growth compassed during the first quarter of the current fiscal stemmed essentially from India's stupendous performance in two regions, West Europe and Asia and Oceania, which together accounting for 65 per cent of the country 's total export markets fetched $6.762 billion.

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