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Business Briefs

Core sector corpus

New Delhi, Dec. 23: The government has notified the setting up of a Rs 100-crore revolving fund aimed at assisting infrastructure projects, under the public-private partnership (PPP) model, in the pre-tender period. Announced in this year’s budget, the India Infrastructure Project Development Fund will bear the expenses for conceiving new PPP projects that may include feasibility studies, environment impact studies, financial structuring and legal review in the pre-tender period.

Tax kitty

New Delhi, Dec. 23: The government has collected Rs 2,00,000 crore through direct taxes, net of refunds, till December 20s. Officials of the Central Board of Direct Taxes claimed the figure has surpassed indirect taxes for the first time.

Air travel

Singapore, Dec. 23: Asia’s airline sector is set for a steep slowdown in 2008 as the global credit crunch hits consumers, dampening air travel demand, the Centre for Asia-Pacific Aviation said in a report.

Wheat tender

New Delhi, Dec. 23: The government is yet to take a decision on importing more than three lakh tonnes of wheat on account of high price quoted by global trading firms, an official source said today.

Mergers drop

Mumbai, Dec. 23: The value of domestic mergers and acquisitions was on the decline during the year, according to a study done by consultancy firm Grant Thornton. The value of domestic deals has declined from $4.99 billion in 2006 to $2.83 billion in 2007.

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