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Microfinance companies face some big issues

Will microfinance companies go the way of NBFCs of the 1980s and early 1990s?

'For I did dream...

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Govt imposes anti-dumping duty on chemical from China

New Delhi: The government has imposed anti-dumping duty of up to $0.671 per kg on imports of a chemical used in the manufacture of household cleaning products from China to protect the domestic industry, reports PTI.

“The anti-dumping duty imposed... shall be effective up to and inclusive of 20 March 2011, and shall be payable in Indian currency,” a notification by the Department of Revenue said.

The restrictive duty on ‘Sodium Tripoly Phosphate’ would range from $0.307 per kg to $0.671 per kg, it said.

The Directorate General of Anti-Dumping and Allied Duties (DGAD), a nodal agency under the commerce ministry, had recommended imposition of the duty after an investigation.

While the commerce ministry recommends anti-dumping duty, the finance ministry imposes it.

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Luxury cars: The offer that comes a cropper

As disposable incomes grow exponentially, there is much scope for luxury cars in India. But...

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