I would like to see clarity and consistency, when the Budget is announced. That enables us to make longer term strategic plans for the companies we run.
Consumer durables major LG Electronics today said that the government should offer incentives to the export-oriented industries.
The textile industry has sought restoration of Duty Draw Back (DDB) and Duty Entitlement Pass Book (DEPB) rates and the refund of service tax on export related services to remain competitive in exports, a top industry official said.
The mining industry has sought removal of 5 per cent export duty on iron ore lumps, a key input in steel-making.
Expressing concerns over China giving incentives for steel exports, ArcelorMittal chief L N Mittal said such steps could further delay of recovery of the sector which is anyway unlikely before 2011.
The deteriorating global economy and plummeting oil prices have hit Gulf exports and economies at large.
Exporters of engineering goods have opposed the Directorate General of Safeguards' recommendations to levy safeguard duty on steel imports.
The government must focus resources on universalising primary and secondary education and allow the private sector to bring in resources for expanding higher education, under transparent and non-bureaucratic regulation.
The flamboyance of former railway minister Lalu Prasad gave way to a rather...
