India imposes dumping duty on CD-Rs from China and HK
New Delhi: India has imposed dumping duty on imports of compact discs-recordables (CD-Rs) from China, Hong Kong, Singapore and Chinese Taipei to provide relief to domestic producers of CD-Rs like Moser Baer.
The central board of excise and customs has notified the imposition of anti-dumping duty in the range of $0.050 to $0.099 per piece.

The domestic industry had petitioned the government against dumping of cheap CD-Rs from these countries as they were eroding their margins.

The designated authority-directorate general of anti-dumping (DGAD) and allied duties had made a recommendation to the CBEC in this regard. The authority, in its final findings, had concluded that the CD-Rs had entered Indian market from the identified countries at prices less than their normal value in the domestic market.
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PM admits mistakes in handling SEZs
New Delhi: Prime Minister Manmohan Singh has acknowledged 'mistakes in handling SEZs. However, he maintained that industry is essential for development.

He said land is required for setting up industry as "no developed country can do without industry."

Singh decried the alleged rape and killings in Nandigram in connection with the SEZ controversy, saying it was not a "happy development".
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Franchise deals out of FDI norms: FinMin
New Delhi: According to the Finance ministry the current restrictions that prohibit FDI in multi-brand retail cannot be extended to franchise agreements between an Indian company and an overseas partner which are basically service agreements. The ministry feels that in the case of services there can be no distinction between retail and wholesale, hence the present guidelines can only apply to retail in goods and not franchise agreements, hold ministry officials.

There have been speculations about the government banning franchise arrangements, which many consider a loophole that single-brand and multi-brand retail giants have been leveraging to enter India.
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