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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?


To: mishedlo who wrote (29144)5/2/2005 11:28:57 AM
From: shades  Read Replies (1) | Respond to of 116555
 
India to levy 7 percent on all imported computers

www.chinaview.cn 2005-05-02 22:44:55

NEW DELHI, May 2 (Xinhuanet) -- Indian Finance Minister P. Chidambaram Monday clarified that a 7 percent levy proposed in the Finance Bill 2005-06 on imported computers will be applicable to all computer parts sourced from abroad, Indo-Asian News Service reported.

"Due to some interpretation problems, imported computers like laptops are not being charged (the 7 percent levy). The cess will be uniformly applicable on all imported computers, whether it's a CPU or a mouse," he said while replying to the discussion on the bill in the Indian parliament.

Chidambaram said the cess is aimed at protecting domestic computer manufacturers. Enditem

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To: mishedlo who wrote (29144)5/2/2005 11:42:54 AM
From: Knighty Tin  Read Replies (4) | Respond to of 116555
 
The Bass Brothers and Dumbya. Answers many questions but raises twice as many: utwatch.org

It's the first time I've ever heard of an Ivy League school turning down a large donation.



To: mishedlo who wrote (29144)5/2/2005 12:24:13 PM
From: Haim R. Branisteanu  Read Replies (4) | Respond to of 116555
 
this also explains the strength of the USD - RE speculation in full bloom



To: mishedlo who wrote (29144)5/2/2005 3:00:38 PM
From: regli  Respond to of 116555
 
I think this number reflects inflation in construction costs, labor as well as materials, as opposed to a significant increase in actual projects.