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Corporate Economy Expressions Markets Leisure 30 December, 1997   SCR Act amendment to pave way for derivatives trading Even as the LC Gupta committee is grappling with dissent on the derivatives committee, officials at the Union law ministry are busy clearing the decks from the legal angle. Among the questions being looked at are the tax treatment of income from derivatives trading.   Chamber warns against policy equivocation The PHD Chamber of Commerce and Industry (PHDCCI) has warned that the ambiguities in the policy framework, lack of motivated implementation and inaction, coupled with the impact of slow international economic growth will affect the objective of a sustained seven per cent growth. PHDCCI further indicated that the exports have seen a considerable slowdown in recent months when the post-reform economic growth was envisaged to be spear headed by industrial growth and enhanced exports. Export quotas for readymade garments under FCFS okayed The textiles ministry has approved release of export quotas for fast and slow-moving items of ready-made garments on a first-come, first-served (FCFS) basis for 1998 calendar year. The FCFS quotas will be 10 per cent of the annual level of quotas for all categories of garments and 25 per cent in the case of category 26 pertaining to the European Union. Plan to lift ban on mill land development referred to Election Commission Maharashtra chief electoral officer (CEO) DK Shankaran has referred the state government's proposal to lift the ban on land development by city textile mills to the Election Commission. The CEO is believed to have resorted to this move to avoid the EC's wrath on the eve of the general elections. The government has decided to go slow on the vexed issue of sale of land by city textile mills to avoid further criticism from opposition parties during electioneering.   Railways freight earnings up 21 per cent The railways earned Rs 12,940.91 crore from 276.69 million tonnes of revenue freight during the first eight months of the current financial year ending November as compared to Rs 10,659.45 crore during the corresponding period of the previous year, representing an increase of 21.40 per cent. Chidambaram to inaugurate global business meet Union finance minister P Chidambaram will inaugurate a four-day international conference on `Business challenges of 21st century - a global perspective' on the Nirma Education & Research Foundation (NERF) campus here on January 4.     Chidambaram to inaugurate global business meet   Financial Briefing   SCR Act amendment to pave way for derivatives trading   Taxmen to walk out as VDIS nears climax   South-based cement majors forced to hike prices to recover input costs   Kalmadi criticises Kesri over withdrawal of support to UF   Sonia to campaign   Plan to lift ban on mill land development referred to Election Commission   Export quotas for readymade garments under FCFS okayed   Many startups now have Intel inside   Big Malaysia bank mergers seen in offing   Handful of Japan banks expected to roll over Korea loans   Railways freight earnings up 21 per cent   Restructure investment promotion board   Sandal exporters boycott auctions, flay policy   Delhi tariffs still high, says IBRD economist   Chamber warns against policy equivocation   Environment initiatives in full swing despite fragile government   Production seen scaling a peak this year   Trade Briefing