Sinha may prune food subsidies, slap duties on farm products in budget Pruning of costly food subsidies in the annual budget, with an eye on the powerful agriculture lobby, is on the cards. Sluggish Korean markets force makers to dump MEK into India The leading global manufacturers of methyl ethyl ketone (MEK) are increasingly dumping the chemical in the domestic markets, at a lower price by over 15% than that prevailing in the international markets, according to traders. Sugar production to touch new high of 170 lakh tonne The country's sugar production in the 1999-2000 season (October-September) is expected to touch an all time high of 170 lakh tonnes, up by 10 lakh tonnes from the initial estimates, according to government and industry officials. Petroleum prices may be hiked tomorrow Silk exports up 17% in first nine months Sugar continues to remain firm; bullion divergent
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