ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846
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Fertilisers-Mismanaged Supply

industrial licensing has been raised. The government has decided to recognise any increase in capacity arising out of modernisation, replacement or renovation up to 49 per cent of the licensed capacity. In order to enable the industrial undertakings to maximise their production by optimum utilisation of installed capacity, the revised scheme of capacity re-endorsement stipulates that the capacity to be re-endorsed will be calculated as the highest production achieved during any of the previous five years plus one-third thereof. The government has decided to remove all fiscal disincentives in the way of growth of small industries into medium and large scale industries. Growth is to be facilitated through upgrada tion of technology and optimisation of production. The Industry Ministry is said to be preparing a list of industries where the government will automatically permit com panies to expand to economic scale of capacity. This is intended to provide sops for export companies. Major structural changes in the Central excise structure are in the offing. The Finance Ministers of India and Pakistan have pledged to turn a new leaf and enter into concrete co-operation. Pakistan has opened its private trade channels for import of a selected range of raw materials, intermediates and industrial goods from India, giving a boost to economic relations between the two countries.

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