The Financial Express -- Economy

Saturday, May 31 1997

"Safeguard" duties for domestic industry soon

The government is considering levying "safeguard" duties to protect the domestic industry resulting from acceleration in the country's imports. Rules in this regard are being framed by the Union finance ministry.

G V Ramakrishna sceptical of achieving disinvestment target

Disinvestment Commission chairman G V Ramakrishna has stated that the government will not be able to achieve its disinvestment target of Rs 4,800 crore for 1997-98 unless it implements the recommendations of the Commission.

Sugar output estimate cut

Sugar production in the 1996-97 season is now expected to be around 128 lakh tonnes at best, according to industry sources based on current crushing activity in different states. This is about 2 lakh tonnes lower than the earlier ISMA estimate of 130.65 lakh tonnes.

No need to fuss over bits and pieces

CBI sets up team to probe CRB Caps collapse

Market is a better and safer place now

World Briefing -- Softline buys Multisoft in 25-mn rand deal

Duty drawback rates increased

Bonuses and dividends. It's time to look at corporate gift horses in the mouth

Textile machinery: Rampant imports hurt domestic players

Australian labels smell of race row in Asia

FICCI seeks pep-up pill for finance companies

Tariff panel to move SC against Calcutta high court order

Madras HC stays intended SEBI decision against NEPC

Banks in Kerala told to lend more

DoT to extend licence date, hold talks with service providers

Japan chip makers shifting to LCDs