The Central Board of Excise and Customs (CBEC) has implemented (through a circular dated January 13, 2006) relaxation of procedures for Export-Oriented Units (EOU) nine months after notification of

Cutting red tape for export oriented units

Business Standard

The Supreme Court last week asked the Customs, Excise &amp; Gold (Control) Appellate Tribunal to reconsider the case, Motor Industries Co Ltd vs Commissioner of Central Excise, raising the issue

Excise on injector

A board position is not very different from taking a seat in the cockpit of an airplane


V V Ranganathan: Independent directors: 10 rules

Rise in freight rates, fuel adjustment component create new problems in presenting an advantage over road transportation

Rlys needs more steam for cargo edge

The Air Asia-Tata joint venture may have got the green signal from the Foreign Investment Promotion Board but the riddle of a comma seems to have caught the bureaucracy.

FDI in aviation: what's in a comma?

The five companies facing an investigation by the Central Bureau of Investigation in the coal allotment controversy might not face immediate de-allocation.

'CBI coal probe separate from IMG panel'

The Coal Controller Organisation (CCO) under the coal ministry has recommended deducting bank guarantees totalling Rs 232 crore deposited by captive miners for delays in production. The recommendation, part of the block development status update report of CCO as on March 2012, covers 16 blocks not developed on time.

Ministry recommends deducting errant miners' bank guarantees

The Central Bureau of Investigation (CBI) is expected to question next week the directors of companies owned by the families of Congress Parliamentarian Vijay Darda and businessman Manoj Jayaswal, who have been named in the first information report (FIR) the agency filed in the coal allocation case.

CBI to question directors of companies named in FIR 

In the past few years the Comptroller and Auditor General (CAG) has brewed many a storm, much to the dismay of the United Progressive Alliance government. Be it the report on 2G spectrum allocation or the discrepancies in spending Commonwealth Games funds, CAG reports have caused much furore and political turmoil.

Aim is to ensure financial propriety 

The arrival of monsoon, albeit delayed, provided respite not only to the parched throats in Uttar Pradesh, it was a big relief to UP Power Corporation Limited (UPPCL) as well.

Monsoon brings respite to UP Power Corp

As the southwest monsoon this year completes its first week in India, its progress across most parts of the country, barring the farthest corner of south India, has been rather tardy. Though it is unclear whether this would affect the monsoon across the rest of the country, officials said the initial signs of the southwest monsoon this year were not very encouraging.

A week in India, monsoon progresses at a snail's pace

Agriculture secretary P K Basu has said the country could have a normal monsoon this year, while his counterpart in the food ministry, B C Gupta, advised caution.

FarmMin expects normal monsoon, FoodMin unsure

The Sterlite groups holding company, Vedanta Resources, has raised $1 billion on the London Stock Exchange at #3.9 per share. The open offer, which closed today, pegs the market value of the holding

Vedanta lists on LSE, oversold 

The World Trade Organisations (WTO) member states have missed yet another deadline in the seemingly jinxed Doha round of negotiations. 


Stalled again

The question of whether customs duties should be charged on the demurrage fees collected by shipping companies appeared settled after the Supreme Court judgment in the case of Yeses International

Duty on demurrage charges hangs fire

The hype about Indias newfound services prowess continues unabated. You could be forgiven for thinking that every second member of the countrys labour force is either scaling new infotech frontiers

What's happening in services?

The Supreme Court delivered three judgements last week solving tussles over prime urban land in different cities. Each one of them was peculiar in its own circumstances. 


Stemming the urban crawl

Indias position as the world leader in the diamond cutting and polishing industry seems to be safe despite a strong challenge from China. Gems and jewellery exports were doing very well and strong

Exports up, but problems persist

Blaming the bureaucracy for blocking reforms is easy, and perhaps justifiable, when it comes to the common man, but for the countrys finance minister to feel the same way is quite inexplicable. 


Barking up the wrong tree

- Find Economy & Policy News, Features, Analysis and more at Business Standard. Latest news and analysis on economy and policy developments at the national and state levels

Page 335 - Economy & Policy Analysis