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Tuesday, July 07, 2009
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LOGISTICS

BUDGET: Road transport sector not to get any direct benefit
Most of the budget proposals which appear to be related to the road transport sector are impact neutral, according to sources close to the sector. There is nothing in the budget to offset the impact of recent diesel price hike slapping burden ...

BUDGET: Railway falls in service tax net; details on abatement, exemption awaited
Road transporters get 75%; abatement of 70% for container trains. New Delhi, July 6 Rail transportation may become more expensive for some of its freight users with the Finance Minister, Mr Pranab Mukherjee, suggesting levy of service tax on the ...

INFRASTRUCTURE: IIFCL to evolve ‘takeout financing’ scheme for infrastructure sector
To stimulate public investment in infrastructure, we had set up India Infrastructure Finance Company Ltd (IIFCL) as a special purpose vehicle for providing long-term financial assistance to infrastructure projects. We will ensure that IIFCL ...

SHIPPING/PORTS: Kochi port posts Rs 14-cr loss
The container terminal, operated by India Gateway Terminal, handled 2,60,473 TEUs of cargo during last year as against 2,53,715 TEUs (twenty-foot equivalent units) handled during 2007-08. In view of the financial crunch that the port is expected ...

ROADWAYS: Highways thrust to benefit auto cos
Increased expenditure by the National Highway Authority of India, higher outlay by 59 per cent on Prime Minister’s Gram Sadak Yojana and expansion of allocation to Jawahar Lal Nehru Urban Renewal Mission will have a positive impact on ...

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Markets (July 06)
Nifty (at close)4,165.50(-258.55)
US Dollar (Buy/Sell)48.54/56
Brent crude (a bbl) Rs3,132
Gold (a gram) Rs1,353
Silver (a kg) Rs22,065

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