The Hindu Business Line : Saturday, July 04, 2009

Mamata leaves passenger fares, freight rates untouched
Spares customers ambiguous cost increases and discounts. New Delhi, July 3 Transparently honest. That’s what Ms Mamata Banerjee’s Rail Budget for 2009-10 would seem to ...

Monsoon, rail budget give stocks a boost
Mumbai, July 3 The domestic stock indices moved up sharply by 1.7 per cent each on Friday, the last trading session before the presentation of the Budget ...

Mr Harish Manwani (centre... Analysts see Friday’s populism on Monday too
Mumbai, July 3 Marketmen welcomed the Railway Budget of Friday saying that the “populist” Budget has given slight hints of what the General Budget on Monday could ...

Is Mamata plan more realistic than Lalu’s?
New Delhi, July 3 Ms Mamata Banerjee, at one level, seems to be a more realistic Railway Minister compared to her predecessor, Mr Lalu ...

8 banks face NPAs of Rs 1,300 cr on PSU arm’s scrap woes
Chennai, July 3 Five public sector banks and three of the private sector are in danger of losing about Rs 1,300 crore, as a loan account of a public sector undertaking, STCL Ltd, has ...

RNRL moves apex court to make Reliance execute order
Mumbai, July 3 Reliance Natural Resources Ltd (RNRL) of the Anil Ambani group has filed a Special Leave Petition in the Supreme Court on ...

SBI’s consolidation proposal hits union hurdle
New Delhi, July 3 The Centre has advised the State Bank of India not to pursue with the Reserve Bank of India the issue of acquisition of State Bank ...

Budget guess swings between aam aadmi and growth
Fiscal deficit, divestment proposals under spotlight. Kolkata, July 3 Key market players have been speculating about the Budget’s possible policy thrusts, but are unable to fathom how the Finance Minister would balance reforms measures ...

Mamata-Lalu battle livens up presentation
WHOSE BUDGET IS IT ANYWAY?. New Delhi, July 3 It was reality television at its best, reminiscent of the Saurav Ganguly-Greg Chappell spat. While the new Minister of Railways, Ms Mamata Banerjee, was presenting the budget, a game of ...

Railways ropes in Pitroda to head cable network panel
Move aims at tapping revenue potential, taking IT to villages. New Delhi, July 3 The man who is widely believed to have kick-started the telecom revolution in India — Mr Sam Pitroda — will now help the Railways better use its optical ...

NBFCs lower auto loan rates in race with public sector banks
Finance arms of Tata Motors, Bajaj provide incentives to deter payment defaults. New Delhi, July 3 Faced with stiff competition from public sector banks, Non-Banking Finance Companies (NBFCs) have been forced to lower their rates on vehicle ...

IRFC allowed to float tax-free bonds for Rs 5,000 cr
May borrow Rs 9,000 cr totally this fiscal. New Delhi, July 3 For the first time since 2003-04, the Indian Railway Finance Corporation (IRFC) has been permitted to issue tax-free bonds as part of its budgeted borrowing programme of Rs 9,000 ...

Salaried need tax breather
There are a lot of expectations from the forthcoming Budget. The manifesto of the Congress party pointed out that the focus of the new measures will be to stimulate demand in the domestic economy and augment the purchasing power of the people. ...

‘Low’ may lack sting, but monsoon largely in tact
Thiruvananthapuram, July 3 The overall picture of an entrenched monsoon continues to be in tact, though concerns are now being raised over the strength of the ‘low’ supposedly shaping up in the Bay of ...