The Hindu Business Line : Tuesday, July 07, 2009

WEB EXTRAS

OUTLOOK: Road transport sector not to get any direct benefit
Most of the budget proposals which appear to be related to the road transport sector are impact neutral, according to sources close to the sector. There is nothing in the budget to offset the impact of recent diesel price hike slapping burden ...

TAXATION: 7-year tax holiday extended to gas producers
Expert group to advise on petro products pricing. New Delhi, July 6 The Finance Minister, Mr Pranab Mukherjee, has offered some respite to hydrocarbon companies involved in exploration and pipeline networks but left questions of oil retailers ...

EXCISE AND CUSTOMS: Rs 800-1,000 cr revenue from gold customs duty
Mumbai, July 6 For the Finance Minister who has found himself in an unenviable position of having to raise substantial revenue to fund social development programmes, the decision to hike customs duty on gold imports must have come without ...

INFORMATION TECHNOLOGY: Major changes to transfer pricing
Since the introduction of Transfer Pricing Regulations in 2001, certain significant issues and controversies have arisen, which required appropriate resolution through issuance of necessary administrative guidelines and/or suitable amendments to ...

BUDGET: L&T, others upbeat on ‘core’ focus
Takeout financing to address asset-liability mismatch: Naik. Mumbai, July 6 The Government’s move to give additional thrust to infrastructure through credit-enhancement measures has gone down well with companies involved in ...

BUDGET: Realtors unhappy
The Budget is not inspirational, at least for the real estate sector which was mainly looking up for some Governmental support for a speedier revival, says a section of the ...

PERFORMANCE: Kochi port posts Rs 14-cr loss
The container terminal, operated by India Gateway Terminal, handled 2,60,473 TEUs of cargo during last year as against 2,53,715 TEUs (twenty-foot equivalent units) handled during 2007-08. In view of the financial crunch that the port is expected ...

BUDGET: Cut in I-T may help mutual funds
Mumbai, June 6 Though the Budget did not contain anything that directly pertains to mutual funds, the increase in disposable income in the hands of investors is likely to pave the way for increased investments in mutual funds in the long ...

BUDGET: Allocation for textile fund scheme hiked
New Delhi, July 6 The Budget 2009-10 proposals provided something to cheer for the beleaguered textile ...

BUDGET: No cheer for pharma, healthcare
Mumbai/Bangalore, July 6 There was practically nothing to cheer for the pharmaceutical industry in Budget . Novartis India’s head, Mr Ranjit Shahani, observed that the Budget virtually side-stepped the pharma industry ...

BUDGET: SIMA hails more funds for tech upgrade scheme
The Southern India Mills Association (SIMA) Chairman, Dr K.V. Srinivasan, hailed the increased allocation of Rs 3,140 crore towards the TUF scheme against Rs 1,090 crore allocated last ...

EXCISE AND CUSTOMS: Vegoils Customs duty hike hopes belied
This year’s Union Budget may have disappointed many because the Finance Minister, Mr Pranab Mukherjee, decided to, generally, maintain status quo in direct and indirect taxes, barring of course, a ...

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