We're ready to bite the bullet: Sinha
INDICATING tough measures in the forthcoming Union Budget, the Finance Minister, Mr. Yashwant Sinha, today said that the Government would adopt `hard options' to spur the economy.

GDP growth to slow at 5.9 pc on farm drop
THE Government has projected that the economy's growth for the current fiscal will be down to 5.9 per cent, compared to the 6.8 per cent growth registered in the previous fiscal.

Fertiliser project import norms to be simplified
THE Government has decided to simplify the procedures for granting techno-economic clearance (TEC) for fertiliser project imports.

Draft policy guarantees traffic rights for AI, IA
THE draft civil aviation policy seeks to guarantee the use of traffic rights being utilised by Air India (AI) and Indian Airlines (IA) by these two airlines for five years after privatisation.

Excise duty categorisation likely to be reshuffled
THE Finance Ministry is considering reshuffling the excise duty categorisation for a host of items in the forthcoming budget, even as it is likely to retain the three ad valorem rates of 8 per cent, 16 per cent and 24 per cent.

Major excise rules for sugar scrapped
AS a first step towards deleting commodity-specific excise rules which have become redundant, the Finance Ministry has scrapped ten-odd rules pertaining to sugar. Plans are also on to withdraw excise rules for a host of other commodities, including tyre and cement, in the near term.

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