INTERNATIONAL
China drags US to WTO on steel import tariffs Beijing: China, the world's top steel-maker, on March 15 appealed to the World Trade Organisation (WTO) against the US decision to steeply raise the import tariffs on steel, citing violation of WTO rules and trade protectionism.
Andersen indicted for shredding Enron evidence Washington: Arthur Andersen, accounting firm of Enron, has been indicted on criminal charges for shredding documents and destroying e-mails connected to the collapsed energy giant, US Justice Department said.
NATIONAL
BJP hints at tax sops, more roll backs soon New Delhi: The Bharatiya Janata Party (BJP) which pressurised the government to roll back some of the "anti-middle class" measures in the Budget including liquefied petroleum gas (LPG) price hike, on March 16 hinted that more tax sops like cut in surcharge and increased exemption for small saving schemes are in the "offing".
Rising oil prices will not affect India: RBI chief New Delhi: Reserve Bank of India (RBI) governor Bimal Jalan on March 16 said that the outlook with regard to inflation was "very good" and the country will not face any problem on account of the rising oil prices in the international market.
New Exim policy to ease exporters' problems New Delhi: The government on March 16 assured exporters that the forthcoming Exim policy will attempt to make exports as "free as possible" and address their concerns such as high transaction costs.
PM defends disinvestment of profit-making PSUs New Delhi: Prime Minister Atal Behari Vajpayee on March 16 defended disinvestment of profit-making PSUs saying if the government insists on privatising only sick companies, there would be no takers.
'NPAs, high transaction cost are problem areas' New Delhi: Finance Minister Yashwant Sinha on March 16 said the economy was on road to recovery and the Budget proposals will boost demand and growth, but identified growing Non-Performing Assets (NPA) of banks, depleting food stock and high transaction cost as problem areas.
Megabowl to set up centres in H'bad, Delhi, Chennai Bangalore: City-based Megabowl Private Limited, operating in the recreation and entertainment space, plans to open Family Entertainment Centres (FECs) in Hyderabad, Delhi and Chennai, and an additional one in Bangalore in the next financial year at estimated cost of more than Rs 12 crore, a top company official said.
