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January 11, 2008
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Industrial Park Scheme applies to undertakings that commence, develop or operate industrial parks within the notified eligibility period.
The Industrial Park Scheme, 2008 applies to undertakings that begin to develop, develop and operate, or maintain and operate an industrial park within the notification's designated commencement period; the Scheme was notified by the Central Board of Direct Taxes under the Ministry of Finance to define eligible projects during that window.
January 1, 2008
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External debt growth driven by commercial borrowings and short-term liabilities increases reserve coverage and lowers debt-service ratio.
External debt at end-September 2007 was US$190.5 billion, rising 5.5% over the quarter and 12.3% since March 2007; the increase mainly reflected higher commercial borrowings, NRI deposits, multilateral debt and expanded short-term debt coverage (including suppliers' credits up to six months and FII short-term instruments). Long-term debt comprised 83.8% of the total, sovereign-to-private ratio was roughly 26.9:73.1, reserve cover rose to 130% and the debt-service ratio declined.

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Acts Income Tax