The Hindu Business Line : Wednesday, March 01, 2006

Wiring up India with highway networks
The National Highways Development Programme (NHDP) continues to make impressive progress. The highest ever number and value of contracts were awarded in calendar 2005. I propose to enhance the Budget support for NHDP from Rs 9,320 crore to Rs ... More

Budget disappoints shipping industry
Contrary to the expectations of the industry, the Finance Minister has brought ship management services in the service tax net. To make matters worse, a host of services have been brought within the ambit of ship management services. More

On the expressway
Increased allocation
Irrigation players to benefit
Sufficient equity to become key to bid
Extended tax incentives to give comfort More

Higher allotment for highways
The Government on Tuesday proposed to enhance the budget support for the National Highways Development Programme (NHDP) to Rs 9,945 crore in 2006-07 from Rs 9,320 crore in 2005-06. It also proposes to open a separate window under rural roads ... More

Domestic airlines get tax exemption for 1 more year
The Union Budget 2006-07 has provided some relief to the domestic aviation sector while international air travel and travel by cruise ships is set to become slightly more expensive. The Budget has extended the exemption for domestic airlines on ... More

Shipping management services expensive
Shipping operations costs are set to increase with the Union Budget proposing to levy a 12 per cent service tax on shipping management services. Customers would also be required to pay higher for their cruises as travelling on cruise ships may ... More

Service tax, no hiccups for Concor
Moving goods across the country by containers will now be more expensive, given the 12 per cent service tax. Container Corporation of India will feel the immediate impact. It is, however, likely to pass on the hikes to ... More

A new lease
Domestic airlines, such as Jet Airways, Indian Airlines, Spicejet and Air Deccan, will now enjoy one more year of tax exemption on lease rentals paid to foreign lessors for their aircraft. The tax exemption on lease ... More

Metro Rail not enough

Ports

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