Palm oil importers use MMTC to evade sales tax
Frequent raids by West Bengal's commercial taxes department have unearthed a racket in imported palmolein in which small players were evading sales tax after misusing the financial muscle of MMTC Ltd.

Indian firms' failure to find buyers cited for slump in diamond sales
The `failure' of several Indian firms, that supplied small diamonds to the American markets, to find buyers has been cited as among the various factors for the "international diamond glut" dulling sales and causing concern among dealers of this precious stone.

Govt promises to buy entire paddy from Punjab
Agriculture minister Nitish Kumar said on Wednesday that the government was committed to procuring the entire quantity of paddy from the mandies of Punjab and other parts of the country, if prices fall below the minimum support price (MSP).


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