EXPRESSINDIA.COM  
The Indian Express Group  
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The Financial Express daily newsletter  
Edition of Thursday, December 30, 2004  
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THE FINANCIAL EXPRESS  
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TODAY'S TOP STORIES  
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Foreign skies opened up for private airlines  
In a major boost to the civil aviation sector, the Cabinet on Wednesday allowed 
domestic private airlines to operate on international routes, except to Gulf 
countries.  
http://www.financialexpress.com/fe_full_story.php?content_id=78328  
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Rise in tax mop-up must come from corporates: FM  
Finance minister P Chidambaram has said that the real expansion in tax 
collections could come from the corporate sector and �certainly� not from the 
salaried class.  
http://www.financialexpress.com/fe_full_story.php?content_id=78329  
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Tata International aims to be group export hub  
Tata International, the overseas trading arm of the Tata group, plans to become 
an export hub for group companies. It is examining options for synergies 
between Tata Steel, Tata Motors, Tata Consultancy Services and Tata Chemicals.  
http://www.financialexpress.com/fe_full_story.php?content_id=78330  
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Rangarajan to head PM�s economic council  
Well-known economist C Rangarajan, former chairman of the Twelfth Finance 
Commission, was on Wednesday appointed chairman of the Economic Advisory 
Council to the Prime Minister with Cabinet rank.  
http://www.financialexpress.com/fe_full_story.php?content_id=78331  
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India ranks 19th in emerging markets  
Notwithstanding the sharp run-up on the bourses, India lags way behind global 
emerging markets in terms of returns. Indian equity markets are ranked 19th 
among 27 global emerging economies in US dollar returns during calender 2004.  
http://www.financialexpress.com/fe_full_story.php?content_id=78332  
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Edits & Columns  
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Opportunity in disaster  
The terrible tsunami tragedy that has caused grievous loss of life, limb and 
livelihood must be turned into an opportunity. Two things seem necessary.  
First is that grassroots levels of governance, namely, the panchayats and nagar 
palikas, must be activated.  
http://www.financialexpress.com/fe_full_story.php?content_id=78271  
  
This bet�s on the house!  
Most homeowners are not gambling for pleasure. They are just buying real estate 
because they need it. But, because they do nothing to protect themselves 
against their real estate price risks, they are unwitting gamblers.  
http://www.financialexpress.com/fe_full_story.php?content_id=78266  
  
Be bold and undertake economic reforms  
The year 2004 started off with the intensification of the �feel-good� factor in 
an election year. The BJP government had performed remarkably well in terms of 
macro-indicators�robust GDP growth, low inflation and burgeoning foreign 
exchange reserves.  
http://www.financialexpress.com/fe_full_story.php?content_id=78270  
  
More in Edits & Columns at http://www.financialexpress.com/edits&columns.html  
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Fe Insight  
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The poverty of affluence  
http://www.financialexpress.com/fe_full_story.php?content_id=78279  
  
Brands 2004: my list of winners  
http://www.financialexpress.com/fe_full_story.php?content_id=78280  
  
A very quiet advertising year  
http://www.financialexpress.com/fe_full_story.php?content_id=78281  
  
More in Fe Insight at http://www.financialexpress.com/feinsight.html  
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Economy  
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Another round of VRS for PSU insurance companies soon  
http://www.financialexpress.com/fe_full_story.php?content_id=78268  
  
VAT draft paper moots input tax credit, monthly returns  
http://www.financialexpress.com/fe_full_story.php?content_id=78269  
  
Coal output  in Jan-Nov at 346 mt, exceeds target by 7%  
http://www.financialexpress.com/fe_full_story.php?content_id=78272  
  
More in Economy at http://www.financialexpress.com/economy.html  
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Politics  
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BJP extends support for tsunami relief measures  
http://www.financialexpress.com/fe_full_story.php?content_id=78263  
  
CPI-M against opening up foreign routes for pvt airlines  
http://www.financialexpress.com/fe_full_story.php?content_id=78264  
  
Mayawati blames bypoll defeats on SP �mafia�   
http://www.financialexpress.com/fe_full_story.php?content_id=78265  
  
More in Politics at http://www.financialexpress.com/politics.html  
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International  
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Race to bury Asia�s dead as toll nears 70,000  
http://www.financialexpress.com/fe_full_story.php?content_id=78254  
  
Aid teams land to prevent diseases   
http://www.financialexpress.com/fe_full_story.php?content_id=78255  
  
LG Card saga drags on amid liquidation threat  
http://www.financialexpress.com/fe_full_story.php?content_id=78256  
  
More in International at http://www.financialexpress.com/international.html  
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News  
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Pharma sector awaits patent dose  
http://www.financialexpress.com/fe_full_story.php?content_id=78267  
  
Science ministry to work on early warning system  
http://www.financialexpress.com/fe_full_story.php?content_id=78283  
  
Kalam seeks help from statistical community  
http://www.financialexpress.com/fe_full_story.php?content_id=78284  
  
More in News at http://www.financialexpress.com/news.html  
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CORPORATES & MARKETS  
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Front Page  
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GDR mop-up by India Inc surges in 2004  
http://www.financialexpress.com/fe_full_story.php?content_id=78320  
  
Tata Tea takes the aromatic route to homes via Tetley  
http://www.financialexpress.com/fe_full_story.php?content_id=78321  
  
Six MNCs in race to buy 30% stake in Organic Coating  
http://www.financialexpress.com/fe_full_story.php?content_id=78322  
  
More in Front Page at http://www.financialexpress.com/cm/frontpage.html  
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Money & Banking  
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ADB extends helping hand to tsunami-hit countries  
http://www.financialexpress.com/fe_full_story.php?content_id=78309  
  
Integration concerns surface in BoI-Union Bank merger  
http://www.financialexpress.com/fe_full_story.php?content_id=78308  
  
Icra division in strategic partnership with Kesdee  
http://www.financialexpress.com/fe_full_story.php?content_id=78311  
  
More in Money & Banking at 
http://www.financialexpress.com/cm/money&banking.html  
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Markets & Commodities  
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Sensex crosses 6,600 mark intra-day, closes at 6,568  
http://www.financialexpress.com/fe_full_story.php?content_id=78314  
  
Maharashtra okays special court to try Sebi-related cases  
http://www.financialexpress.com/fe_full_story.php?content_id=78315  
  
Diversified MFs ride high on mid-cap rally  
http://www.financialexpress.com/fe_full_story.php?content_id=78318  
  
More in Markets & Commodities at 
http://www.financialexpress.com/cm/markets&commodities.html  
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Back Page  
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Two FIIs buy into Surana Tele  
http://www.financialexpress.com/fe_full_story.php?content_id=78287  
  
Logic Soft picks up 5% stake in Vertex  
http://www.financialexpress.com/fe_full_story.php?content_id=78288  
  
Haier (I) arm inks deals with 2 firms to assemble CTVs  
http://www.financialexpress.com/fe_full_story.php?content_id=78289  
  
More in Back Page at http://www.financialexpress.com/cm/backpage.html  
  
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