Cargo traffic at MbPT dips 18 per cent in April, May
The Mumbai Port Trust (MbPT) has posted an 18 per cent decline in cargo-traffic in the first two months of the current financial year. This follows a 11 per cent decline in cargo traffic to 27.6 mn tonne in 2000-01 as against 30.4 mn tonne in the previous year.

Transfer pricing legislation likely in a month
Following the introduction of regulatory measures for transfer pricing in this year’s Budget in order to boost tax collection, the government is now planning to put in place a comprehensive transfer pricing legislation within a month on the lines of regulations followed in the Organisation for Economic Co-operation and Development (OECD) countries.