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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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