HT Image
HT Image

Budget gives boost to footwear, biotech industry

Leather and footwear industry will receive a boost on account of reduction in customs and excise duty in the budget for 2005-06.
By Indo-Asian News Service | PTI, New Delhi
PUBLISHED ON FEB 28, 2005 10:00 PM IST

Leather and footwear industry and sunrise sectors like pharmaceuticals and biotechnology will receive a boost on account of reduction in customs and excise duty in the budget for 2005-06.

Presenting the budget in the Lok Sabha, Finance Minister P Chidambaram said he proposed to reduce the customs duties on seven specified machinery from 20 per cent to five per cent.

"The duty on ethyl vinyl acetate (EVA), an input for the footwear industry, is also proposed to be reduced from 20 per cent to 10 per cent," he said.

Customs duty was slashed to five per cent on nine specified machinery used in the sunrise sectors of biotechnology and pharmaceuticals.

Besides, Chidambaram announced a cut in customs duties on specified parts of battery-operated road vehicles -- a move that would boost use of non-conventional energy.

A proposal to cut customs duties on selected capital goods and raw materials would serve as a catalyst for pushing growth in the manufacturing sector, which is expected to grow by 8.9 per cent this fiscal.

Other items, on which customs duty was cut to five per cent, were lead and cooking coal.

SHARE THIS ARTICLE ON
Close
The top court which is examining measures to fast-track cheque bounce cases in a suo moto proceeding had on February 25 sought the view of the Centre to create additional courts for exclusive trial of such offences. (HT PHOTO)
The top court which is examining measures to fast-track cheque bounce cases in a suo moto proceeding had on February 25 sought the view of the Centre to create additional courts for exclusive trial of such offences. (HT PHOTO)

Centre differs with SC on additional courts for cheque bounce cases

By Abraham Thomas
PUBLISHED ON MAR 04, 2021 12:18 AM IST
  • Unhappy with the response, the bench headed by Chief Justice of India (CJI) SA Bobde asked Solicitor General Tushar Mehta to appear in the case along with Additional Solicitor General (ASG) Vikramjeet Banerjee, who presented the note to the Court.
Close
The officer cited spinal disorder as the reason why he planned to ride a horse to reach office instead of a bike.(Representational Photo)
The officer cited spinal disorder as the reason why he planned to ride a horse to reach office instead of a bike.(Representational Photo)

Man in Maharashtra wanted to ride horse to office to overcome spinal problem

PUBLISHED ON MAR 04, 2021 12:13 AM IST
  • The officer withdrew his request after an orthopaedic surgeon said his purpose would not be served by buying a horse.
Close
HT Image
HT Image

India signs pact with Philippines for supply of BrahMos missile

PUBLISHED ON MAR 03, 2021 11:52 PM IST
New Delhi India and the Philippines have signed a key agreement to facilitate government-to-government deals on military hardware, including the potential supply of BrahMos cruise missiles
Close
HT Image
HT Image

Why EC opted for 8-phase polls in Bengal

By Neeraj Chauhan & Deeksha Bhardwaj
PUBLISHED ON MAR 03, 2021 11:49 PM IST
New Delhi: Central intelligence agencies provided a detailed assessment on political violence in West Bengal to the Election Commission of India ahead of the crucial assembly polls, people familiar with the matter said , adding that this was the basis on which the commission decided to stagger the elections across eight phases, a decision that has since come in for criticism
Close
HT Image
HT Image

Only Centre can enforce new digital media rules: I&B ministry to states

PUBLISHED ON MAR 03, 2021 11:48 PM IST
New Delhi The information and broadcasting ministry on Wednesday told all states and Union territories that no state official, district magistrate (DM) or police commissioner has the power to seek information from any media house under the new digital media rules unless information is sought by the central government
Close
HT Image
HT Image

Govt allows 24x7 vaccination as surge continues in six states

PUBLISHED ON MAR 03, 2021 11:47 PM IST
Union health minister Harsh Vardhan said on Wednesday the government has allowed coronavirus vaccinations to work 24x7 for the convenience of beneficiaries, a step he said was meant to ease the process for people
Close
A file photo of a health care worker preparing to administer a dose of the Oxford University-AstraZeneca vaccine. (REUTERS)
A file photo of a health care worker preparing to administer a dose of the Oxford University-AstraZeneca vaccine. (REUTERS)

Covid-19: Canada receives 500,000 doses of Covidshield vaccine made in India

UPDATED ON MAR 03, 2021 11:50 PM IST
Delivery of the first tranche of a total of two million doses scheduled by mid-May was announced by Canadian Prime Minister Justin Trudeau
Close
The fire in Similipal biosphere came as Odisha topped the list of forest fire incidents with 6627 fire spots since February 24 as per the Forest Survey of India’s fire alerts system. (HT PHOTO).
The fire in Similipal biosphere came as Odisha topped the list of forest fire incidents with 6627 fire spots since February 24 as per the Forest Survey of India’s fire alerts system. (HT PHOTO).

Odisha govt deploys 1000 men to contain huge blaze in Similipal National Park

By Debabrata Mohanty
PUBLISHED ON MAR 03, 2021 11:40 PM IST
  • Similipal, among the few included by the UNESCO in its list of critical biosphere reserves of the world, covers an area of 5569 sq km and contributes 38% of the total protected area network in Odisha. It is also one of the oldest tiger reserves in the country.
Close
Till Wednesday, 56,033 people in the age group of 45-59 years with co-morbidities and those above 60 years have taken the first dose of the vaccine in Odisha.(Representative image/Reuters)
Till Wednesday, 56,033 people in the age group of 45-59 years with co-morbidities and those above 60 years have taken the first dose of the vaccine in Odisha.(Representative image/Reuters)

Odisha warns people against fake co-morbidity certificates for Covid-19 vaccine

By Debabrata Mohanty
PUBLISHED ON MAR 03, 2021 11:20 PM IST
  • The Union health ministry last week had specified 20 comorbidities among people aged between 45 and 59 years who will get the vaccine.
Close
Visitors look at devices at Accenture stand at the Mobile World Congress in Barcelona.(File Photo / REUTERS)
Visitors look at devices at Accenture stand at the Mobile World Congress in Barcelona.(File Photo / REUTERS)

Infosys, Accenture to cover Covid-19 vaccination costs for Indian employees

Posted by Kunal Gaurav | Reuters
PUBLISHED ON MAR 03, 2021 10:38 PM IST
India's vaccination campaign ramped up on Monday, with people above the age of 60, and individuals 45 or older suffering from certain medical conditions, now eligible for shots.
Close
Haryana's new legislation applies to companies, societies, trusts, limited liability partnership firms and partnership firms employing 10 or more people in Haryana.(Keshav Singh/HT file photo)
Haryana's new legislation applies to companies, societies, trusts, limited liability partnership firms and partnership firms employing 10 or more people in Haryana.(Keshav Singh/HT file photo)

Haryana clears 75% quota for local candidates in private sector

PUBLISHED ON MAR 03, 2021 10:17 PM IST
  • Haryana's new law provides reservation for local people in private sector jobs with a monthly salary of less than 50,000 for 10 years
Close
Union railways minister Piyush Goyal.(PTI File Photo)
Union railways minister Piyush Goyal.(PTI File Photo)

Railway Minister Piyush Goyal flags off Siddhabali Jan Shatabdi Special Train

PTI
PUBLISHED ON MAR 03, 2021 10:04 PM IST
Goyal flagged off the train through video conferencing and during the ceremony, he expressed his gratitude to the railway employees who served the country during the Covid-19 pandemic by supplying medicines, coal and other essential items.
Close
The Naga National Political Groups (NNPGs) said there was no point in seeking the removal of Governor RN Ravi as interlocutor for the peace talks(PTI FILE PHOTO)
The Naga National Political Groups (NNPGs) said there was no point in seeking the removal of Governor RN Ravi as interlocutor for the peace talks(PTI FILE PHOTO)

'Reckless': Naga group on governor RN Ravi's peace talks concluded statement

By Alice Yhoshü
PUBLISHED ON MAR 03, 2021 10:00 PM IST
RN Ravi’s statements and conclusions, the group claimed, reflected his role as Nagaland Governor and not as the interlocutor.
Close
The hideout location in a forest in Awantipora. (ANI Photo )
The hideout location in a forest in Awantipora. (ANI Photo )

Security forces bust Hizbul Mujahideen hideout in Awantipora forest

By hindustantimes.com | Written by Kanishka Sarkar, Hindustan Times, New Delhi
PUBLISHED ON MAR 03, 2021 09:50 PM IST
Last month, security forces had busted another hideout of terrorists in the Union territory’s Anantnag district.
Close
The searches were conducted by joint teams of the district administration and the police of the respective districts. (HT Photo)
The searches were conducted by joint teams of the district administration and the police of the respective districts. (HT Photo)

Knives, mobile phones, lighters seized during raids in jails across Bihar

UPDATED ON MAR 03, 2021 09:50 PM IST
The raids were conducted on directive of the home department, which received complaints about some hardcore criminals, politicians and jail authorities bringing many prohibited items inside the premises.
Close
SHARE
Story Saved
OPEN APP