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Industry
cries foul over move to hike import duty on cotton |
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The textile sector, already
reeling under the impact of the ongoing global slump, is up
in arms against the agriculture ministry’s move to raise the
import duty on cotton, saying it will result in closure of more
mills, adversely affecting exports as also the employment scenario. |
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Free
trade in IT services may help beat slump: PM |
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To cushion the impact of the
ongoing slowdown, economies like India should encourage free
trade in IT services and free movement of professionals, said
Prime Minister AB Vajpayee while inaugurating the 19th Asocio
2001 general assembly and symposium on Thursday. |
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Exports
to W Europe, Canada US, Russia slip to minus 2.8pc |
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The on-going global slowdown
has severely impacted the country’s exports with the entire
12-member European common market countries as well as the US,
Canada and Russia buying less goods from the country during
April-August 01 than they did in the same period last year,
resulting in a negative 2.81 per cent growth. |
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India,
New Zealand to diversify trade through JBCs |
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India and New Zealand have
agreed to diversify the tradeable baskets through joint business
councils. This was indicated during a meeting between commerce
and industry minister Murasoli Maran and New Zealand minister
for IT, communications and commerce Paul Swain here on Thursday. |
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