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Disinvestment Commission may suggest winding up in April
Members of the Disinvestment Commission may recommend the winding up of the panel after the submission of its sixth and last report some time in April. The commission will have virtually no work after submitting its sixth report which will cover eight to nine public sector undertakings. The commission, has only recently been divested of its powers to recommend broad policy measures and monitor the process of disinvestment.
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Centre decides to sit pretty on fertiliser-sector decisions till polls
Major policy decisions on the fertiliser industry, including the much-awaited Hanumantha Rao Committee Report, which was to announce its recommendations by January-end, have been put on hold till the Lok Sabha elections are over. The Union government had set up a high-powered committee last year to define a clear-cut policy on fertilisers.
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Zero-duty EPCG scheme may be extended to engineering sector
The Union commerce ministry is considering moves to extend the zero duty export promotion capital goods (EPCG) scheme to the engineering sector having a large concentration of small scale units such as bicycles, castings, forgings, hand-tools etc. This is sought to be achieved by lowering the threshold limit of Rs 20 crore (CIF value) for import of new as well as second-hand capital goods under the scheme.
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DEPB review on, new rates after April 1
The duty entitlement passbook (DEPB) scheme is indeed being reviewed, the Directorate General of Foreign Trade (DGFT) clarified on Tuesday. The directorate is in the process of finalising the new set of DEPB rates but those would be announced only in the next financial year. The process of rationalisation of the rates already announced on the basis of new data is to be continued and the revised rates announced from April 1, 1998.
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