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 INDUSTRYApparel exporters seek duty-free import of machinery to join the global marketsIncreasing competitiveness and the advent of the WTO business regime would require complete modernisation of the garment industry, exporters said in a note to the finance minister. Bakht says harsh Budget not ruled out, despite Chautala The industry minister said the Budget is being prepared with an open mind as the government has to perform according to the demands of the economy under any circumstances. Packaged tea segment reels under excise duty, seeks relief in Budget The eight per cent duty has affected consumers across all income strata, the Tea Packeters Association of India said in a petition to the ministry of finance. Fertiliser body warns govt against bringing back customs duty on machinery The government must take a bold decsion to raise the urea prices by ten per cent every year in the next few years till the subsidy could be kept at manageable levels, the Fertiliser Association of India said. Consumer bodies seek excise relief for packaged goods They criticised the recent reduction of interest on small savings as this affects the small investors. They demanded reversal of the decision. Industry captains urge FM to focus on medium-term perspective Industrialists also stressed the need to devise and put in place tax measures, which promote restructuring of the companies through mergers, acquisitions and consolidation. |  |
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