Companies prefer to set up their own guest houses rather than paying huge tariffs at luxury hotels.
The working group on food and public distribution constituted under the chairmanship of Planning Commission Deputy Chairman Montek Singh Ahluwalia is likely to recommend using the numbers effectively for streamlining PDS.
This will be MGM's first destination in India, and it expects to be ready by early 2014. There won't be any casino here, though.
Creating a new image for the client concerned, while making him disappear from the public domain for some time, are among the strategies that often work.
The government is expected to end the benefits under Section 10A and 10B of the Income Tax Act.
Small and medium information technology companies operating out of the Software Technology Park of India (STPI) and who have not relocated their business operations to the special economic zones (SEZs) could stand to lose a substantial part of their tax holidays after the forthcoming Budget.
This Budget, the finance ministry may consider a proposal for a seed fund that would provide financial support to states willing to sell items other than foodgrain, sugar and kerosene through the public distribution system (PDS). The move, experts believe, will help reigning in food inflation that remains in double digits, despite moderation.
To fund infrastructure projects in the public-private-partnership model, the forthcoming Budget could lay down some broad contours on the setting up of debt funds, which will provide investment for the core sector.
As a bonanza to southern states, Finance Minister Pranab Mukherjee is expected to allocate funds worth Rs 6,000 crore (Rs 60 billion) for Chennai and Bangalore Metro rail systems in the forthcoming Budget.
Officials said the proposal and funding could be included in the coming budget and preliminary discussions have been held with finance ministry officials.
Travel agencies are blocking inventory with the hotels for the last minute travellers as supply is getting dried up.
Today, 45 per cent of India's trade is trans-shipped over other regional ports such as Colombo, even as India's container cargo is growing by 15 per cent every year. The development of a trans-shipment hub within the country would definitely help India's trade and accelerate its growth.
Hotels in the Capital are in for some tough times, with the Commonwealth Games not fetching many customers and the government releasing a large part of the inventory that it had earlier reserved for the event.
The sponsorship money in the bag is a tad over a quarter of what the organisers of the games had projected.
R C Agarwal, promoter of beleaguered Vishal Retail, on Wednesday came out in support of the offer from Texas Pacific Group (TPG) in preference to that from Kishore Biyani's Future Group.
For the MV Khailijia 3, one of the two ships which collided last Saturday off the coast of Mumbai, the track record does not read very well. In July, it was found that the ship had developed some cracks and had to offload its cargo mid-sea.
For those who don't wish to watch their favourite game on a television in their living room, the perfect place was to head to a nearby hotel or a pub where the whole action was simulated to give a stadium-like feel with a giant screen and hordes of football fans cheering and jeering the teams.
About a month after it was thrown open for bookings, the Games Travel Office (GTO) of the Commonwealth Games does not seem to be generating much response from tourists.
Loan defaulters will now find it difficult to rid themselves of all their liabilities through the one-time settlement scheme.
Europe's and Bangkok's loss is turning out to be gain for several other destinations like Hong Kong, Macau, Malaysia and Singapore.
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