The Hindu Business Line : Friday, May 04, 2007

AIRLINES
Govt rolls back customs duty on aircraft imports for charters
The Government on Thursday withdrew the proposal to levy a 3 per cent customs duty, apart from a 16 per cent countervailing duty and a 4 per cent special customs duty, on aircraft being imported for operation of non-scheduled charters and for ... More

INFRASTRUCTURE
Transport Infrastructure — Innovation must be at the core
Already into the first fiscal of the Eleventh Plan, a focused investment strategy with some out-of-the-box solutions are the crying need of the hour if the country's transport infrastructure is to remain ahead of demand. In this context, the Indian R ailways should formulate and spell out its investment strategy taking note of all options, says VIJAYALAKSHMI VISWANATHAN. More

SHIPPING
Kolkata port sees 60 mt traffic in 2007-08
Investments pegged at Rs 968.67 cr More

FINANCIAL PERFORMANCE
Varun Shipping net down 44%
Varun Shipping Ltd, the largest LPG tanker operator in the country, has reported a 44 per cent drop in third quarter net profit. Profit for the quarter ended March 31, 2007 slipped to Rs 32.61 crore from Rs 57.99 crore in the year-ago period. ... More

SOFTWARE
Infotech, HAL in joint venture
Infotech Enterprises Ltd and Hindustan Aeronautics Ltd have formed a joint venture to offer engineering design services for the aerospace sector, with focus on aero-engines, technical publications and work for original equipment ... More

REGULATORY BODIES & RULINGS
Cabinet okays airport regulator Bill
The Union Cabinet on Thursday gave its nod for the proposed Airport Economic Regulatory Authority (AERA) Bill, which seeks to create a level playing field and foster healthy competition among all airports within the country. The Bill will now ... More

RAILWAYS
N. Indian teas to Pak: Exporters prefer rail route to sea
Say container trains will cut transit time by half, reduce costs More

Centre sanctions Rs 1,639 crore for Hyderabad Metro Rail
The Central Government has approved the Rs 8,482-crore Hyderabad Metro Rail Project for a viability gap funding of Rs 1,639 crore, about 20 per cent of the total project cost. With 60 per cent of the project cost being raised by private BOT ... More

PEOPLE
Tuticorin port Dy Chairman
Mr A. Subbiah, IAS, assumed charge as the Deputy Chairman, Tuticorin Port Trust, with effect from April 30, according to a press release. He had joined the service in 1992 and belongs to the West Bengal cadre. Earlier he worked as District ... More

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