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Civil Aviation Minister Praful Patel on Thursday said that Rs 443 crore has been collected as development fees by Delhi and Mumbai airports till October.

India needs Rs 3.6-lakh crore of investment over the next five years to construct an additional 2.65-crore housing units for six crore citizens, a top HDFC official said.
http://economictimes.indiatimes.com/articleshow/5244594.cms

Companies knocking on government doors for bailout funds may have been the norm in the West, but India Inc begged to differ from this rule by raising over Rs 1,50,000 crore of capital for expansion from investors across the world in 2009.

State-owned Union Bank of India on Wednesday said it will raise Rs 2,250 crore (about $500 million) through bonds by the end of this fiscal for expanding its global operations.

“We have sought Rs 20,000 crore worth oil bonds to cover under-recoveries on LPG and kerosene in the first three quarters,” Sundareshan told reporters on the sidelines of second India-Africa Hydrocarbons Conference. The request has been sent to the finance ministry, which is likely to be tabled in the Parliament.

Civil Aviation Minister Praful Patel on Saturday said that the government would not bailout private airlines.

The global aviation industry may be facing one of its worst crises, but city-based carrier Paramount Airlines is busy drawing up strategies to expand its operations across the country.The company will set up a new hub in Kolkata by May-June to expedite its penetration into the northern and eastern markets, increase fleet size and launch international services by 2012, Paramount managing director M. Thiagarajan told reporters.

As Rs 500 crore worth of fuel burned through the second day of the Jaipur inferno, there were two questions no one had answered satisfactorily. How did it happen? And how many had died in the blaze that started with a blast on Thursday evening?

Latest Updated News from Value added tax.The sales tax department, the official said, mobilised Rs 36,045 crore against the target of Rs 31,000 crore in ‘09-10, while it mopped up Rs 34,306 crore against the target of Rs 33,609 crore in ‘08-09. “There was no change in the sales tax, VAT structure. The department was able to exceed the target owing to the stringent regulatory mechanism. In fact, the department was able to realise the VAT which was stuck in a large number of litigation,’’ he said.