The Finance Minister, in the Budget announced on 26 Feb 2010 a bonanza for individual tax payers. He has changed the tax slabs for men, women and senior citizens. The highest tax slab has now been raised from Rs 5 lakh to Rs 8 lakh.
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Even though the cashew markets, both domestic and international, showed very little activity l for want of demand, it is likely to witness a revival as the coverage for the first quarter of 2012 so far has been very much below normal, according to the trade. Some processors in India and Vietnam sold W320 in the range of $3.75-3.90 a pound (fob) for October-December shipments.
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An All Kerala Tobacco Merchants Association meet was held yesterday at Casino Hotel auditorium to discuss the problems faced by the tobacco merchants.
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