Anand Medical Exports

Duty cut on diesel engines, gearboxes from Japan

Duty cut on diesel engines, gearboxes from Japan
New Delhi, July 31
At a time when India and the EU are struggling to negotiate duty cuts on automobiles, New Delhi will drastically reduce tariffs on diesel engines and gear boxes from Japan under their free trade pact.

Oil firms hike ATF prices
New Delhi, July 31
After a brief lull, state-owned oil firms today hiked jet fuel, or ATF, prices by a steep 2.7 per cent, in line with firming rates in international markets.

Payment row with India over crude exports resolved: Iran
New Delhi, July 31
After threatening to snap oil supplies, Iran today said a payment row over crude exports to India has been resolved after Indian refiners began paying for the oil they buy through a Turkish bank.

Govt lifts curbs on cotton exports
New Delhi, July 31
Amid abundant availability and a crash in prices, the government today removed restrictions on the export of cotton and permitted shipments under open general licences

Hafed to set up spot exchange for guar in Adampur
Chandigarh, July 31
Having succeeded in starting two spot exchanges for mustard crop, the Haryana State Cooperative Supply and Marketing Federation (Hafed) will now be setting up a spot exchange for guar in Adampur.

Tax Advice
No tax on gift to a daughter-in-law
Q. I am suffering from hearing loss and use hearing aid. The certificate issued on 20.12.2010 by the Director, Social Welfare, Chandigarh Administration, on the basis of test conducted by Medical Officer,

Can governments spend more than they earn? They usually do but unsustainable growth, expenditure and subsidies can cause a crisis. The United States, once the powerhouse of global economy, is struggling to weather the storm but recovery from the recession in the West has been agonisingly slow. The crisis has lessons for every country.
Hamish McRae
What is happening in the United States is not just narrow party politics but all about how a democracy copes with long-term fiscal challenges. The issues are to what extent should the government have control over decisions that have consequences 10 or more years away and, if the government is not to have full control over fiscal policy, what should take its place?

WHAT IS THE FUSS ALL ABOUT
What is the debt ceiling?