The Hindu Business Line : Saturday, January 03, 2009

GOVERNMENT

POLICY: UPA’s final booster dose for economy
Fiscal and monetary steps focus on infrastructure, export sectors. New Delhi, Jan. 2 In their final stimulus package for 2008-09, the UPA Government and the Reserve Bank of India took wide ranging measures to address the problems in the ...

POLICY: Govt waives divestment condition for PepsiCo
New Delhi, Jan. 2 PepsiCo’s wait for a waiver of a special disinvestment condition imposed in 1997, is finally over. The Cabinet Committee on Economic Affairs (CCEA) on Friday deleted the condition of divestment of 49 per cent stake in ...

POLICY: New royalty rates for uranium mining in States
Govt working on proposal for revisting rates for all minerals. New Delhi, Jan. 2 The Centre has revised the royalty rates to be paid to States for mining of ...

POLICY: Exporters get second stimulus package
To get pre-, post-shipment credit; DEPB rates at pre-Nov levels. New Delhi, Jan. 2 With the country’s exports growth plummeting for the second month in succession in November 2008, the Government has announced a series of measures ...

FINANCIAL POLICY: Second stimulus package will be a big boost to economy: FICCI
Mumbai Jan. 2 Industry bodies and corporate houses have responded positively to the second stimulus package, hoping that it would boost the economy and ...

POLICY: Cement industry hails move, but asks for more steps
Mumbai, Jan. 2 The cement industry on Friday welcomed the second stimulus package, though it felt that the Government could have offered a better deal for ...

POLICY: TMT bars comes under countervailing duty
New Delhi, Jan. 2 The Government today ended the benefit of exemption from countervailing duty on import of thermo-mechanically treated (TMT) bars and structurals in the second economic stimulus package. TMT bars and structurals imports will ...

FINANCIAL POLICY: Mixed response from auto sector
New Delhi, Jan. 2 The Government’s measures to revive the sagging commercial vehicle sales as a part of the second fiscal stimulus package has been greeted with a mixed response from ...

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Markets (Jan 02)

Nifty (at close)	3046.75(+13.30)
US Dollar (Buy/Sell)	48.55/60
Brent crude (a bbl) Rs	1,853
Gold (a gram) Rs	1,247
Silver (a kg) Rs	19,235

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Looking back
Dec. 21-Dec. 27
Tea trade with Pakistan by rail, road put off

New formula proposed for calculating indirect foreign holdings