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GVK Power Q3 net zooms two fold to Rs 46 cr
GVK Power & Infrastructure today said its consolidated net profit surged over two fold to Rs 45.80 crore for the third quarter ended December 31, 2009, over the same period previous fiscal.

NIIT Tech's Q4 net down 15 per cent
Foreign exchange losses of Rs 22 crore in the quarter ate into the profits of Delhi-based NIIT Technologies, which posted a profit after tax (PAT) of Rs 26.3 crore for the fourth quarter ended 31 March, 2009, down 15 per cent from Rs 31 crore in the corresponding quarter last year.

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South sees 64% drop in private equity investments
Private equity (PE) investments in south India dropped 64 per cent between April and September 2009 to $626 million from $1,752 million during the same period last year. The number of deals too dropped 48 per cent, according to Venture Intelligence, a research service focused on PE and M&A
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Budget Wishlist: Health

CEOSPEAK: Sanjeev K Chaudhry, CEO, Super Religare Laboratories Limited - More funds for expansion of IITs, NITs - BUDGET WISHLIST: Infrastructure - ComMin wants 3-year I-T waiver for labour-intensive exports - Rural growth tops durable firms" Budget wish-list - Budget to carry 3G auction details: Raja - A K Bhattacharya: No escape from a "fiscal holiday"">A K Bhattacharya: No escape from a "fiscal holiday" INFRASTRUCTURE STATUS TO HEALTHCARE - THE WAY FORWARD As clinical trials are exempted from service tax net, the central laboratory services and the central laboratories should also be exempted from the service tax net as they are an integral part of the Clinical Trial. There should be tax incentives for labs accredited by NABL of Government of India. As of now, accreditation is a huge cost but no benefits are provided for providing high-quality services. Chamber-Speak FICCI The government should grant an industry infrastructure status to the health services. It should work on a national policy for public-private partnership initiatives. The government should also look at facilitating deeper penetration of insurance cover to those who need it. CII The government should extend the external borrowing norms in infrastructure sector to the healthcare sector as well. The government should extend the tax holidays for hospitals in tier II and tier III cities to 10 years. There should be tax incentives for indigenous manufacturing of medical eqipments. EXPERT VIEW: Debasish Mishra, Leader Healthcare Practice, PricewaterhouseCoopers The government must deliver on its promise to increase public health spending to three per cent of GDP. Unless government steps up investment in the health sector to tackle both communicable and chronic diseases, the burden of disease would impact economic growth, going forward. We expect the budget to continue increased allocation of funds to National Rural Health mission (NRHM) and look forward to the roll out of the National Urban Health Mission (NUHM).


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