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Hotels, hospitals given more freedom to use ECBs  |
The Hindu Business Line |
January 03, 2009 |
The government has allowed companies in the hotels, hospitals and software sectors to raise external commercial borrowings (ECBs) under the automatic route and use the proceeds for both foreign currency and/or rupee capital expenditure. |
MNC liaison offices may get tax breather  |
The Economic Times |
January 02, 2009 |
A recent ruling by the Authority for Advance Rulings (AAR) exempting the liason office of Ikea Trading (Hong Kong) from tax as it does not earn any income in India may set an important precedent for foreign retailers with similar operations in India. |
Rs 1,00,000-cr infra push likely  |
Business Standard |
January 02, 2009 |
New Delhi: As the demand for a grand stimulus gathers steam, the government is targetting an investment of Rs 1,00,000 crore (US$ 20.45 billion) in the infrastructure sector within the next two years using the public-private-partnership (PPP) route. |
Irda liberalises investment norms  |
Business Standard |
December 31, 2008 |
Mumbai: The Insurance Regulatory and Development Authority (IRDA) has allowed insurers to acquire up to 20 per cent debt and equity in an infrastructure-related company, compared with 10 per cent earlier. |
Government approves Integrated Energy Policy  |
The Economic Times |
December 26, 2008 |
The government on December 26, 2008 approved an Integrated Energy Policy that aims at optimal exploitation of domestic energy resources and exploring and acquiring energy assets abroad to attain energy security for the country. |
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