Tax holiday for export units doubled to 10 years
The corporate-tax holiday for 100% export-oriented units (EOUs) in export-processing zones has been doubled to 10 years. Earlier, the units were permitted a 5 year tax holiday over a block period of 8 years.

Centre may amend act to clip Trai wings
The Government is considering amendments to the Telecom Regulatory Authority of India Act 1997 with a view to retain the final authority on fixation of telecom tariffs.

Sinha urged to reintroduce textile exports credit plan
The Synthetic and Rayon Textiles Export Promotion Council (SRTEPC) chairman Ganesh Kumar Gupta has urged the Union finance minister to reintroduce the scheme of post-shipment credit denominated in foreign currency (PSCFC).

  Rice exports up sharply during April-November
  Specific textiles machinery may get customs exemption
  Stringent screening of genetic products urged
  Centre to introduce food processing policy -- Mahajan
  Hiten convicted in Canfina fraud, Bhupen let off
  Improved refining margins may change US crude sentiments
  Financial Briefing
  MasterCard survey ranks India 4th in consumer confidence list
  Select panel opted for Parekh views on FII, OCB stake in insurance ventures
  New accounting norms to prune banks' gross non-performing assets
  Talwar may get extension, Capoor likely to head RBI arm
  Executive Briefing
  Sivasankaran offers to sell 67.3% TMB shares for Rs 256 crore
  Commerce ministry concerned over new drug molecules export norms
  Move to bring port rail operations under Rlys hits a roadblock
  Nabard MD asks Orissa to streamline co-operative banks
  Kuwait wants compliance ahead of fresh oil cuts