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E-bike makers want 30% subsidy, countervailing duty to go
Electronic bike makers want countervailing duty (CVD) on the import of e-bike components to be rolled back and 30 per cent subsidy on e-bikes under New and Renewable Energy Policy in the upcoming Budget in order to provide impetus to the industry.

Cotton exports may rise to 1.4 MT, says global body
India’s cotton exports are likely to rebound to 1.4 million tonnes in 2009-10 (October-September) at the cost of exports from the US, which are forecast to fall 20 per cent to 2.3 million tonne on year, according to International Cotton Advisory Committee (ICAC).

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US Congress imposes new restrictions on aid to Pak

US Congress today passed a bill that sets tough new restrictions on military assistance to Pakistan and seeks determination from Obama administration that the fund will not be used to affect the "balance of power in the region". - Africa a call centre alternative to India? - Lawmakers oppose Obama proposal to fund IMF - Pak launched nuke programme after 1971 defeat: Congress report - Remove cap on H-1B visa: LinkedIn CEO - Obama's tax plan to hit Indian BPOs - No more tax breaks for America"s wealthiest: Obama The Defence Authorisation Bill for 2010 includes the amendments by Senators Bob Menendez and Bob Corker, according to which the Secretary of Defence and the Secretary of State are required to give a determination that the payment is both in the national interest of the US and it will not affect the balance of power in the region. The determination has to be given before Pakistan is reimbursed with Coalition Support Fund. The new limits also include efforts to track where US military hardware sent to Pakistan ends up. US Senate voted 68-29 in favour of $680 billion defence spending bill, which was earlier adopted by the House of Representatives by a vote of 281-146 on October 8. The bill now goes to President Barack Obama for his approval. The move came as Pakistani military fought through the sixth day of a major offensive against militants in the restive South Waziristan, a Taliban stronghold.


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