Market falls ahead off Budget 2008-09 The 30-share index, which closed flat in the last two sessions, lost 129.70 to be quoted at 17,694.78 points after the first five minutes of trade.
The National Stock Exchange index Nifty was also lower by 44.20 points at 5,240.20 points.
Taming inflation tricky task: FM Finance Minister P Chidambaram, on Thursday, admitted that keeping inflation under control would be one of the major challenges in 2008-09.
FOREIGN TRADE / Global slump will hit export growth, observes the Survey
Survey sides with exporters for sops Painting a gloomy picture on external trade front, the survey has cautioned that global slowdown, particularly in the US, will impact India's export growth in 2008-09 and advised the Centre for relief to exporters in the wake of a costlier rupee.
Tax buoyancy can rein in fiscal deficit
Lower interest rate regime feasible Projecting India to move towards lower interest rate regime, the survey said buoyancy in tax collection would reduce fiscal deficit to 3 per cent in 2008-09, but advised the government to keep a vigil on developments in the US and global commodity prices.
INFOTECH / Let liberal regime be in play, says Economic Survey
E-commerce under tax ambit Anticipating huge growth in electronic trade across boundaries, the Centre, on Thursday, said it could consider imposing duties and taxes on such transactions.
US Under Secretary for Industry and Security Mario Mancuso (C) shakes hands with Foreign Secretary Shivshankar Menon (2 L), FICCI Secretary General Amit Mitra (L), CII Director General S S Mehta (2R) and US India Business Council (USIBC) President Ron Somers (R) during the 6th India-US High Technology Cooperation Group Meeting in New Delhi on Thursday. PTI
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