Export credit rate cut to 9%, EOUs' tax holiday extended
The centre has announced a special package for revival of exports in a bid to prop up flagging exports. The package includes lowering of interest rate on export credit from 11% to 9%, legal undertaking in lieu of bank guarantee for manufacturer-exporters and simplification of procedures.

RBI bars domestic banks from lending to NRIs for Resurgent Bond subscription
The Reserve Bank of India has directed domestic banks not to arbitrage on the high coupon rate of Resurgent India Bonds by extending loans to non-resident Indian (NRIs) for investments in the five-year instrument.

Banks seek 7% refinance to toe export credit line
Commercial banks are expecting a refinance offer at 6.5-7% from the Reserve Bank of India so as to implement the 9% export credit announced by the commerce minister on Wednesday.

  Australia sells sugar to Indonesia
  North Dakota wheat production seen low
  Australian wool freeze shocks industry
  China metals industry reduces losses
  Maharashtra to attract Rs 5000 crore in agro-sector
  AP poised for bloom in sunflower crop
  Australia, PNG to speed gas pipeline plan
  Software companies go hunting for Chennai realty
  Demand for petrochemicals will grow by leaps and bounds
  Maharashtra to set up air cargo terminal for agro exports
  US initiates dumping investigations against mushroom exports
  ISB promoters may head for greener pastures
  "Entry of foreign insurers' imminent"
  Landmark measures, say industry captains
  Department of Telecom unveils "collect call" service
  Delhi, Mumbai customs departments lock horns over marble imports
  Public to have access to TAC-fixed tariff documents, says IRA chief
  Enron, BSES shortlisted for Orissa power distribution
  RBI starts awareness campaign on NBFC sector
  Ministry slaps IPPs as precursor to scrap fuel linkage pacts
  Centre to redraft bio-diversity bill
  Recovery tribunals in rural areas soon
  Corporates seek centre assistance to up exports
  Ministry for setting up divestment proceeds pool
  UP move to privatise ailing public sector undertakings
  Vajpayee, Sharif may meet again in New York
  Bengal power tariffs panel by October
  Value of peripherals cannot be included with cost of goods for excise
  Political considerations will be kept out of power tariff