HIGHLIGHTS OF UNION BUDGET 2008-09 (In relation to Indian Rubber Industry)
1. Average GDP for last three year was 8.8 per cent. Estimated growth for ‘services’ and ‘manufacturing’ at 10.
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Exports target of US$ 160 bn not achievable
India’s export performance in 2008-09 will not be as bright as in the past few years, the Economic Survey has acknowledged. The loss of sheen in exports is mainly due to the steady ap
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TYRE MANUFACTURERS START REDUCING PRICES
Responding to the cut in excise duty from 16 to 14 per cent on tyre almost all major producers have started reducing their product prices.
The multi-billion dollar auto component sourcing industry in India has brought relief to many domestic component suppliers in the form of improved margins and long-term supply contracts.
The recently announced Union Budget for 2008-09 has struck a deadly blow to the 100% Export Oriented Un
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RUBBER EXPORTS LIKELY TO EXCEED 50,000 TONNE
Natural rubber exports are likely to exceed to 50,000 tonne target set by the Rubber Board for 2007-08. With Indian prices much lower than international levels 43,727 tonne of natural
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INDUSTRY SEEKS CHANGES IN INVERTED DUTY STRUCTURE
Higher raw material prices compared to the cost of importing finished products have compel
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SR OUTPUT UP
According to Rubber Board the country’s synthetic rubber output rose 6 per cent in October, while consu
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ECONOMISTS PREDICT MANUFACTURING SLOWDOWN
Slower consumer demand, an under-performing manufacturing sector and a slackening external
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RUBBER OUTPUT GAINS PACE
After registering a fall in the first half of the current fiscal, rubber production seems
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