News Analysis - May 31, 2006

• Cess for Port Development
  The Shipping Ministry is planning to impose a cess to develop funds to build major and minor ports in India to double India’s dismal share of global mercantile trade of .8% by 2009. <More>

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• Soya Oil Imports Up 10%
  Edible oil import is set to increase 10% because of a spike in soyabean oil imports while palm oil import is expected to be flat and rape seed mustard below expectations. <More>

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• Kalam Returns OoP Bill
  President Abdul Kalam returned the controversial Office of Profit Bill that sought to exempt some 50 odd positions occupied by allies and Congressmen from disqualification and asked for clarifications from the Government before he could sign it.<More>

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• Navy Seeks Advanced Choppers
  The Navy is seeking the immediate purchase of 16 medium lift helicopters at the cost of USD 1 billion and an additional 8 in the next few months to fill the shortage of 46 helicopters.<More>

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