ECB norms further relaxed 
New Delhi: Further liberalising the external commercial borrowing guidelines, the government on Sunday allowed companies to raise up to $50 million under auto-route, fixed annual cap of $500 million for certain units in special economic zones and removed restrictions of end-use for proceeds for investment in the real estate sector. 
Back to News Review index page  
Commission cuts outlays of 14 states for tenth plan 
New Delhi: With their finances in a state of mess, as many as 14 states have come to terms with their inability to handle big budgets and have accepted lower outlays for the 10th Plan compared to the Ninth Plan. 
Back to News Review index page  
Bid for free-trade with Asean gains momentum 
India and the Association of South East Asian Nations have decided to establish an Asean-India economic linkages taskforce to work out a draft framework agreement for enhancing trade and economic cooperation with the long-term objective of creating a regional free-trade area. 
Back to News Review index page  
NPA Ordinance denotes commitment to reforms 
New Delhi: From the investors point of view, promulgation of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Ordinance, 2002 is the single-most important piece of reform since 1991, according to Deutsche Bank senior regional economist, Asia, Sanjeev Sanyal. 
Back to News Review index page  
Tax professionals for scrapping of sec 50C 
New Delhi: The All India Federation of Tax Practitioners has appealed to the finance minister to drop the newly inserted section 50C of the I-T Act. 
Back to News Review index page