In Brief

Written by fe Bureaus | Updated: Jan 28 2010, 05:09am hrs
BSNL seeks security nod

BSNL has informed the DoT that it may miss even the March 31 deadline for implementing the mobile number portability (MNP) regime if it does not get the security clearance for importing the needed equipment at the earliest. It has also sought intervention of the DoT to expedite the security clearance process to import MNP infrastructure so that it could meet the second deadline set by the government. We would like to bring to your kind notice that BSNL has not been able to place purchase orders for MNP gateway for want of security clearance, the PSU telco said in a letter to the DoT.

Sugar stock to be verified in UP

In a bid to check illegal purchase of sugarcane by mills, the UP government has directed cane development and excise departments to verify stocks of cane, sugar and molasses or raw sugar at all mills in Uttar Pradesh, an official spokesman said. The government has directed to conduct regular raids and verify stocks of sugar at all mills in the state in the current crushing season, he said.

Duty on Chinese machinery

The government has imposed a 10% anti-dumping duty on Chinese tyre manufacturing machinery to safeguard the interest of domestic players. The duty imposed on tyre vulcanisers or rubber processing machineries for tyres is 10% of the landed value of the product, a finance ministry notification said. After concluding that imports from China are taking place at dumped prices and have caused material injury to the domestic industry, the directorate general of Anti-Dumping & Allied Duties has recommended anti-dumping duty on these imports.

No change in Plan expenditure

Plan expenditure of two ministries, power and labour & employment, may be retained at the current fiscal level of Rs 10,130 crore in the forthcoming Budget in view of the widening fiscal deficit. The Planning Commission has recommended this to the finance ministry, since both ministries are close to exhausting their outlays in the first three years of what they should be spending during the entire 11th Plan (2007-12).

FDI from Mauritius the largest

Mauritius has contributed to the largest FDI inflow into the country at over Rs 2,00,000 core since 2000 and up to November 2009, amid speculations that investors from other regions are also routing their money through the island nation to take advantage of the tax treaty. The FDI inflows from Mauritius stood at Rs 2,01,694 crore from the April 2000-November 2009 period, accounting for 44% the Rs 4,86,480-crore FDI inflows.