The Hindu Business Line : Saturday, June 28, 2008

EXCISE AND CUSTOMS
Drawback payment procedure simplified
New Delhi, June 27 In keeping with its ongoing efforts to reduce transaction costs for exporters, the Government proposes to allow exporters’ to receive their drawback payments in any of their core banking enabled bank account in any ... More

POLICY
‘Banks’ foreclosure charges liable for service tax’
Pre-closure or foreclosure charges collected by banks and other companies, as part of their lending and financial services activities, would attract service tax, the Finance Ministry has clarified. This would imply that customers paying ... More

POLITICS
Bringing political donations to book
Notwithstanding the welcome alignment of income-tax law and company law governing political donations, companies in India are not enthused in making upfront political donations. Till this alignment was brought about by the Election and ... More

RESTRUCTURING
Unitech Q4 net down 50%
To dilute stake in telecom arm More

OUTLOOK
Demand for cement seen softening
Mumbai, June 27 The hike in Cash Reserve Ratio and Repo Rate is likely to have a cascading effect on the cement industry, which is reeling under high input cost and Government measures keeping retail prices under check. An expected ... More

PERFORMANCE
Rain surplus depletes to 26%
Rainfall surplus for the country as a whole has depleted to 26 per cent as on Wednesday from a 19-day-high of 45 per cent a week ago, as the monsoon withered along the west coast during the intervening period. Lack of a trigger mechanism in ... More

NEW PRODUCTS & SERVICES
India’s first electricity bourse starts operations
New Delhi, June 27 The country’s first electricity bourse — the Indian Energy Exchange Ltd (IEX) — commenced operations on Friday. IEX is jointly promoted by Financial Technologies (India) Ltd and PTC India Ltd. The ... More

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Radar: Resources elsewhere
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ADB World Outlook 2008

ADB's Outlook on India

Union Budget 2008-09

Railway Budget 2008-2009

Economic Survey 2007-2008

In Focus
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Bringing political donations to book

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Jun. 15-Jun. 21
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