The Hindu Business Line : Friday, March 02, 2007

BUDGET
Private air travel becomes dearer
Budget 2007 has hit private users of helicopters and airplanes with the Finance Minister, Mr P. Chidambaram, announcing three per cent import duty on all purchases of private air travel, plus countervailing duty (CVD) and additional Customs ... More

`Higher outlay for NHDP welcome'
Mr Vineet Agarwal, Executive Director of Transport Corporation of India: "The announcement of the increased outlay for the National Highway Development Programme is welcome but the thrust should be on the development of access-controlled ... More

No exemption on aircraft lease tax from April 1
The Government has decided not to extend the exemption on withholding tax given to airlines for lease rental payments and aircraft engine leasing to the next fiscal. The domestic aviation industry, however, is still hopeful that it would be ... More

SHIPPING
Diamond harbour jetties project yet to get panel nod
Committee that handles public-pvt partnership projects takes time to give clearance More

Funds tied up for Dhamra port project
Port will be the deepest all-weather port of its kind in the country with a draught of 18.5 metres, which can accommodate super cape-size vessels up to 180,000 DWT. More

Chennai box terminal handles 8.29 lakh TEUs
Chennai Container Terminal (CCT) handled 8.29 lakh TEUs (twenty-foot equivalent units) in 2006, registering an 18.42 per cent increase in volume over the previous year's seven lakh TEUs. CCT took over the terminal from the Chennai port on ... More

MERGERS & ACQUISITIONS
Public sector competition coming for low-cost airlines
Govt plans arm after Air India-Indian merger More

SUPPLY CHAIN MANAGEMENT
India Post keen to offer banking services
Consultant to be appointed to study feasibility More

ROADWAYS
`Garuda' service to Bangalore
The Andhra Pradesh State Road Transport Corporation (APSRTC) introduced a direct air-conditioned bus (Volvo) service, named Garuda, from Visakhapatnam to Bangalore from Thursday. The bus was flagged off by the Executive Director ... More

YSR reviews rural fund progress
The Andhra Pradesh Chief Minister, Dr Y.S. Rajasekhara Reddy, reviewed the progress of Rural Infrastructure Development Fund (RIDF) under Nabard and directed the Roads and Buildings Department to speed up works. He asked the ... More

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