State committee seeks sales-tax relief for infra projects over Rs 250 cr
A high-level committee headed by the State Industrial and Investment Corporation of Maharashtra (Sicom) managing director DT Joseph has strongly recommended that infrastructure project having fixed capital investment exceeding Rs 250 crore may be considered for sales-tax incentives on purchases.

BoP may come under pressure -- PHDCCI
India's balance of payments (BoP) situation may come under some pressure as the net budgeted repayment schedule for 1998-99 also reveals restricted capital inflows could drain forex reserves, a leading industry chamber has said.

Railway fares may go up if budgetary support is not hiked
The railway budget for 1999-2000 to be presented to the Lok Sabha on February 25 by railway minister Nitish Kumar is likely to increase fares substantially, if the government cannot enhance budgetary support to help the railways continue its various social objectives.

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