DECOMMISSIONED SHIP IMPORTS TO BE CHEAPER

Article Abstract:

The imports of decommissioned ships to Indian ship-scrapping yards will now be cheaper by about 5 percent. But this benefit will be partially offset by the 1 percent hike in steel scrap from 15 percent to 16 percent. The abolition of the 5 percent additional customs duty will help the Indian ship-breaking industry to compete with China, Pakistan and Bangladesh. (khr)

International economic relations, Scrap and waste materials, Scrap Metals, Recyclable Material Wholesalers, Scrap metal dealers

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NO FRESH TAXES IN AP BUDGET

Article Abstract:

The finance ministry of Andhra Pradesh state has not levied any fresh taxes in the Budget for 1999-2000. An estimated deficit of Rs185 crore for 1999-2000 has been left uncovered. The Budget has allocated Rs1654 crore for the social sector, Rs1313 crore for irrigation and Rs868 crore for the power sector. (khr)

Public Finance Activities, Public Finance-State & Local, Public finance

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