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GOVERNMENT

FINANCIAL POLICY: Govt cuts excise duty, offers sops for key export sectors
Stimulus package to boost output, counter slowdown. New Delhi, Dec. 7 In a bid to minimise the impact of the global economic slowdown on the Indian economy, the Government on Sunday unveiled a “multi-dimensional” fiscal stimulus ...

FINANCIAL POLICY: Cars, 2-wheelers likely to get cheaper
Mumbai, Dec. 7 Cars, trucks and two-wheelers are set to become cheaper following the four percentage point cut in Cenvat announced by the Government on ...

FINANCIAL POLICY: 3 booster doses: Will the economy respond?
Mumbai, Dec. 7 The timing couldn’t have been better. A dispirited economy whose financial heart was savaged by 10 youths, filled with irrational hate for people they did not know, needed comforting. First, the reshuffle in Mumbai and ...

FINANCIAL POLICY: Hardware sector to pass on tax relief gains
‘Can quantify cuts only after getting details of Govt notification’. New Delhi, Dec. 7 The IT hardware industry said on Sunday that it is awaiting the detailed notification of Government’s announcement on Cenvat rate cut, to ...

POLITICS: Facets of accountability
The assault on Mumbai is like India’s ‘Pearl Harbour’. It has strengthened the resolve of ordinary Indians like no politician can even begin to understand. Millions upon millions are consumed by an internal fire that is no ...

FINANCIAL POLICY: ‘Will improve liquidity levels for textile sector’
Chennai, Dec. 7 The bailout package announced by the Government today has enough punch to stimulate consumption. Particularly for the textile industry, it would improve the liquidity levels. “The Government has cleared all pending ...

FINANCIAL POLICY: Big relief, say consumer durables sector chiefs
New Delhi, Dec. 7 “The measures announced by the Government have come as a relief to the credit-squeezed (consumer durables) industry, which has been under pressure due to high input costs in the first half and a 30 per cent rise in ...

FINANCIAL POLICY: Chambers welcome package
New Delhi, Dec 7 The stimulus package announced by the Government saw positive reactions from most sections of India Inc., with industry chambers saying the duty cuts and other sectoral incentives would help ...

SECURITY: Terrorism needs instant response
The terror attacks on Mumbai hotels and landmarks have led to universal condemnation of our politicians. A Cabinet minister at the Centre, a Chief Minister and his deputy have lost their jobs. Another Chief Minister has been compelled ...






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Markets (Dec 06)
Nifty (at close on Dec 5)2714.40(-73.60)
US Dollar (Buy/Sell)49.64/65
Brent crude (a bbl) Rs1,947
Gold (a gram) Rs1,137
Silver (a kg) Rs16,790


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