Business & Economy

India ranks first in antidump steps

What is India News Service, Tuesday, 2 November 2004, 2000 hrs IST

India, along with the US and the European Union, imposed the highest number of six final antidumping measures during the first half of this year among all member nations of the World Trade Organisation. 

In absolute terms though, the final measures by India during the period under review were much lower than the 21 it had imposed during the like period of 2003, the secretariat of the multilateral institution said Tuesday. 

Significantly, five out of India's six final antidumping measures were on products classified in the chemicals sector of the WTO's Harmonized System of Tariff Classification. 

In terms of dumping investigations initiated against a country's exports, India was sixth along with Thailand, each accounting for five inquiries, while China topped the list with 23 investigations on its exports.

'Cotton prices fall drastically: In a significant development which could have far-reaching impact on farmers, prices of raw cotton today came down drastically and touched minimum support price (MSP) in Rajasthan and approached the MSP in Punjab.

Karnataka plans hi-tech city:  The state government plans to develop a Hi-Tech City at Sarjapur in Bangalore \97 a project estimated to cost Rs 390 crore \97 to house IT and biotech companies.

VSNL buys Tyco: Tatas-owned Videsh Sanchar Nigam Ltd today decided to acquire Tyco Global Network, submarine cable system, for $130 million.

Ranbaxy recalls AIDS drugs from SA: South African arm of Ranbaxy, has voluntarily recalled its entire portfolio of AIDS drugs marketed in SA.

BPO firms lack quality staff: BPO firms are facing difficulties in attracting quality staff, says a survey. 

Cellular operators need advance clearance for value-added services: The Department of Telecom (DoT) has made it mandatory for all cellular operators to submit details of all the value-added services and take clearance of the security monitoring facility installed for these services 15 days ahead of the launch.

Airtel to offer high-capacity 64K SIM: Airtel is likely to introduce a high-storage 64K SIM card with better features nationally.

SCI board okays investment in Sethusamudram project: The board of directors of Shipping Corporation of India (SCI) on Saturday approved a proposal to invest Rs 50 crore in the equity capital of the Rs 2,000-crore Sethusamudram canal project. The board, at its last meeting, had deferred a decision .

Loan spendthrifts beware!: The Indian salaried class may be willing to splurge on borrowed funds. But banks in public sector are not ready to bet on this consumerism.


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Business Standard
Economic Times
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