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Business Briefs

Steel duty recast on cards

New Delhi, Oct. 23: Finance ministry is considering the demand of the domestic steel industry for rationalisation duty in the face of steep fall in global prices of the metal, hitting hard the domestic industry. “The demand for realignment of duty is under consideration,” Central Board of Excise and Customs chairman A. K. Singh said. But he declined to indicate if the realignment could be considered at the time of the budget or earlier.

ICICI Bank

Mumbai, Oct. 23: ICICI Bank has successfully completed closure of private placement of retail mortgage backed pass through certificates totalling Rs 364.4 crore, the largest mortgage securitisation transaction in India.

Rise in imports

New Delhi, Oct. 23: A massive upsurge of 69 per cent in crude palm oil imports lifted total imports of sensitive items in April-July 2003 by 39 per cent to Rs 5,879 crore.

Tax mopup

New Delhi, Oct. 23: Direct tax collections posted a 20.42 per cent growth totalling Rs 36,733 crore up to October 15, while indirect tax collections recorded about 8 per cent growth at Rs 63,413 crore up to September 30.

COAI appeal

New Delhi, Oct. 23: Cellular operators today accused basic telecom players of creating confusion over roaming-like services, call forwarding and multiple registration, and asked government to implement TDSAT’s order immediately restricting the mobility on WiLL phones within local call area.


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