Online edition of India's National Newspaper
Wednesday, May 04, 2005
Online edition of India's National Newspaper Wednesday, May 04, 2005 |
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Panel on excise abatement set up To meet representations from trade and industry SBT reports higher operating profit Maintains dividend at 75 p.c. `New drawback rates to spur value added exports' CHENNAI: : The Federation of Indian Export Organisations (FIEO) has welcomed the government's decision to express duty drawback rates in ad valorem terms, which would encourage value-added exports and reward exporters by way of higher unit price ... Super Spinning to raise garment production To acquire a spinning unit; to set up a weaving unit RBI unveils payment system MUMBAI: The Reserve Bank of India plans to set up a new institution, a limited company, owned and operated by banks, for all retail payment systems and operationalising a National Settlement System (NSS) in the current financial year. "The new ... `Continuation of FBT to hit competitiveness' NEW DELHI: Industry has warned that continuing the proposed fringe benefit tax (FBT) would adversely affect competitiveness of the corporate sector but has welcomed dilution of its provisions announced by the Union Finance Minister, P. ... Knitwear units upset over low drawback rates TIRUPUR: While welcoming the Centre's decision on reverting to payment of duty drawback on value basis instead of on weight basis, the Tirupur Exporters' Association (TEA) on Tuesday said that there was a strong element of disappointment due to ... Other Stories
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