NATIONAL Export growth may be weaker during 2005-06: ICRA Slowdown in advanced economies may lead to a weaker export growth in India during 2005-06 over the last fiscal even as the pace of domestic expansion is expected to remain moderate during the year, rating agency ICRA said.
FICCI proposes abolition of Fringe Benefit Tax In a bid to make India's tax policies more compatible with the rest of the world in the era of globalisation, FICCI today (August 21, 2005) proposed a slew of tax reforms, including abolition of Fringe Benefit Tax (FBT).
Indian exporters strike deals worth crore in China Orders worth over Rs 150 crore have been secured by visiting Indian exporters, who said today (August 21, 2005) they were exploring opportunities for joint ventures here in the booming Chinese market.
CECA to boost trade, investment from Singapore The India-Singapore Comprehensive Economic Cooperation Agreement (CECA), signed by the two countries in June, is expected to lead to substantial jump in two-way trade and investments, a senior government official said yesterday (August 20, 2005).
GAIL bids for stake in Nabucco Gas Pipeline Project State-owned gas firm Gas Authority of India Ltd (GAIL) yesterday (August 20, 2005) said it may pick up stake in a 3,300-km pipeline from the Caspian Sea to Central Europe.
FII record net purchases in equities at Rs 495.9 cr Foreign Institutional Investors (FIIs) recorded net purchases in equities at Rs 495.9 crore (USD 113.9 million) for the trading week ended August 19, 2005 while mutual funds (MFs) were also net purchasers at Rs 285.23 crore.
