Tax holiday likely for airport recastThe government is likely to extend a 10-year tax holiday meant for infrastructure projects to the Delhi and Mumbai airports modernisation projects and upgrading of port terminals. So far, the tax holiday has been applicable to greenfield airport projects but has not been used for modernisation.Missing pilots ground SaharaThirty-three flights cancelled due to leave taken by around 30 pilots. The mass leave is being seen as a mark of protest by Air Sahara pilots who have been demanding same pay as Jet Airways pilots.Ranbaxy set for $400mn FCCBIssue likely to be announced today, part of war chest for European buys.The Economic Times LIC may lose govt coverGuarantees on policies to go as part of move to cut public debtCompanies may get tax break on stock trading lossesTax breaks will be similar to those extneded to derivatives trading.Kerosene, LPG could be sold at market ratesThe inter-ministerial committee headed by C Rangarajan wants end to subsidiesThe Hindu Business LinePSU banks cagey on getting more freedom to appoint auditorsFeel RBI better placed on this aspectRailways' budget hotel concept on trackBOT terms being reworked for easier revenue sharing regimeThe Financial ExpressIOC, GAIL eye stake in Pak gas companiesPakistan intends to divest 51% holdings in two its government majority holding companies.RIL to honour NTPC deal first; R-ADAG cries foulAs per R-ADAG sources, RNRL is entitled to the first 40 mmscmd of gas from RIL.
