The Hindu Business Line : Friday, July 28, 2006

Goa introduces Bill to amend luxury tax structure
The amendment seeks to levy tax at the rate of 10 per cent on the turnover of receipts of the proprietor, for accommodation provided for commercial purposes. More

AAPC plan among FDI worth Rs 245 cr cleared
Singapore-based AAPC Hotels Management Pte Ltd has received the Government approval for down stream investment of Rs 150 crore in a newly formed joint venture company, Express Call Private Ltd, to undertake construction, development and owning of ... More

Transparent pricing mechanism proposed for RIL gas finds
`Govt ready to approve $2.34 per mbtu price or even lower if the open bidding is followed' More

REPORTER'S DIARY
Fickle-minded
A colleague recently got a peep at how the Government functions. Chasing the story behind the Finance Ministry's decision to put a cap on further sanction of money under the Technology Upgradation Fund Scheme (TUFS) for the textile sector, he ... More

FINANCIAL INSTITUTIONS
APSFC net soars 87 pc
The Andhra Pradesh State Financial Corporation (APSFC), now into its golden jubilee year, has posted its highest-ever net profit of Rs 24.58 crore during the financial year 2005-06. This is an 87 per cent jump over the previous fiscal's net of Rs ... More

SECURITY
Much heat, little light on nuclear deal
While New Delhi can say it is not bound by any "Sense of the Congress" provisions in the legislation, it must recognise that nuclear cooperation with the US will end if it tests a `nuclear device'. Therefore there is merit in the criticism that India is being coerced to adhere to the Comprehensive Test Ban Treaty by threats of sanctions and an end to nuclear cooperation, says G. PARTHASARATHY. India should not rush into concluding any agreement for importing nuclear reactors till there are irrevocable guarantees of fuel supply for the life of the reactors. More

Mysterious mole
The BJP leader, Mr Jaswant Singh, could not have found a surer way of getting embroiled in an unseemly controversy and tying himself into knots while struggling to get out of it than the one he has chosen in ... More

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