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JANUARY 28,2007

COVER STORY


	Who'll Win Hutch? Its large India footprint, the lack of acquisition targets in the world's fastest growing telecom market, and the rosy prospect of grabbing majority control in India's fourth largest cellular operator make Hutch-Essar a red-hot play. BT SPECIAL: INFRASTRUCTURE Look, It's Moving! From airports to mega power projects to roads and ports, things finally seem to be moving in the infrastructure sector. Read More Powering Up Is the recent award of 8,000 MW of ultra-mega projects to private sector a thumbs up to the ongoing reforms in the sector? Read More Andhra's Infrastructure Stars What makes GMR, GVK, Lanco and Nagarjuna the hottest players in the infrastructure business? Read More Highways Of Hope After a slowdown, road projects are picking up speed in the country. Now, the 11th Plan is targeting Rs 1,80,000 crore of investment in roads. Read More

BT SPECIAL: INFRASTRUCTURE

On The
Runway

Work has begun on Mumbai
and Delhi airports, but not enough is being done to
match the boom in
aviation with airport
infrastructure.
Read More

Gaining Traction
Things are looking up
for Indian Railways, but
can it sustain its gains?
Read More

Starting The
Gravy Train
Where will money for the proposed $350 billion
investment in infrastructure
come from?
Read More


	FEATURES


	Snapping At Hero's Heels Bajaj Auto is going full throttle after market leader Hero Honda, but can it become Numero Uno? Not if Honda has its way. more...		The All New FMCG Juniors They are acquiring manufacturing facilities abroad, cracking open consumer markets outside India, and mulling more launches at their un beatable price points. FMCG's HLL wannabes have caught their second wind. more...



	Nitish Kumar's Mission Impossible Think Bihar and the image that comes to mind is one of crime, lawlessness and desolation. But the new Chief Minister is working hard to reverse the tide. And going by ground realities, the situation is actually getting better. more...		Running Out Of Cash Some of India's PSU banks are fast running out of money to lend. They account for two-thirds of all banking in the country, any resultant credit squeeze could hurt the economy. more...




	REPORTER'S DIARY The Leader And The Damned BT's Ritwik Mukherjee spent a day tracking Mamata Banerjee's fast. Here's a first person account of what he saw. more...






	from India
	from outside India








Taxing Times The phase-out of central sales tax is yet another move towards ushering in the national goods and services tax (GST). The compensation to the states, in lieu of CST phase-out, will include revenue proceeds from 33 services currently being taxed by the Centre as well as 44 new services of an intra-state nature that will be traded by the states. However, VAT is the way forward, though much needs to be done to iron out the anomalies in the current VAT regime. More Net Specials

India, Ahoy! Indian investments overseas are growing and how. For instance, total Indian investment in Latin America and the Caribbean has topped $3 billion (Rs 13,500 crore) so far. The latest investment is by ONGC Videsh, which acquired an oilfield in Colombia for $425 million (Rs 1,912.5 crore). Earlier, ONGC bought an offshore oilfield in Brazil for $410 million (Rs 1,845 crore).

Japan Calling This is the age of Asian dominance, and fittingly, two Asian giants, India and Japan, are embracing each other for mutual advantage. The recent visit of Prime Minister Manmohan Singh to Japan has highlighted the fact that Japan is now, more than ever, eager to enhance and upgrade commercial ties with India. An analysis of the trade basket.

Inclusive Growth To achieve a 10 per cent growth rate, and sustain that over time, the Eleventh Five Year Plan will emphasise investments in agriculture. Agricultural GDP has been growing (limping?) along at 2 per cent since 1996. A new strategy, including one for a second Green Revolution, is urgently needed to take India to the next level of development. An analysis.





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