The Hindu Business Line : Wednesday, February 04, 2004

AIRLINES
Boeing pushes case for 777-200ER
THOUGH Air-India in November decided to acquire the long-range A-340-300 from Airbus, ahead of the Boeing 777-200ER, to meet its requirement of medium-capacity long-range (MCLR) aircraft, Boeing hopes that A-I will reconsider its ... More

Screening for personnel handling dangerous cargo
THE 45th edition of the Dangerous Goods Regulations (DGR) manual brought out by the International Air Transport Association (IATA) has included screening for personnel handling dangerous cargo also. These regulations are effective January 1, ... More

SHIPPING
Tonnage tax for shipping industry looks a certainty now
AFTER a demand spanning close to four years, the introduction of a tonnage tax for the shipping industry now looks a certainty with the Finance Minister, Mr Jaswant Singh, stating that such a tax "should be considered" to provide a level-playing ... More

Bailout proposal for seamen's PF — Ministry may seek in-principle approval from Cabinet today
Though the Finance Ministry has opposed the bail-out plan, the Shipping Ministry is confident of securing Cabinet approval. More

Tonnage tax regime - a shot in the arm for shipping sector
EUPHORIA surged through the Indian shipping industry with the introduction of the long-proposed tonnage tax in the interim Budget for part of 2004-05 presented by the Union Finance Minister, Mr Jaswant Singh, on Tuesday. The shipping companies, ... More

Essar group chief hails tonnage tax proposal
THE Interim Budget proposal illustrates the Government's conviction and confidence in catapulting Indian economy to a higher trajectory, but what is necessary now is to provide continuity to the intent of the Budget, according to Mr Shashi Ruia, ... More

Sailing strong on shifting tax wind
THE Interim Budget presented by the Finance Minister, Mr Jaswant Singh, did not have major implications for Indian Industry or the investor. Some segments of the industry were, however, handed out some concessions. ... More

STOCKS
Shipping stocks float on tonnage tax plan
SHIPPING stocks floated up on the major bourses on Tuesday largely because of the announcement by the Finance Minister that corporate tax for shipping companies would be migrating to an asset-based system (registered tonnage) from a profit-based ... More

RAILWAY BUDGET
Interim Railway Budget passed in Lok Sabha
THE Lok Sabha today approved the Interim Railway Budget with a vote-on-account for Rs 26,000 crore towards expenditure in the first four months of the next financial year. The House also passed the Demands for Grants for 2004-05, Supplementary ... More

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Jan. 25-Jan. 31
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