Kingfisher Airlines owes Rs 245 crore to Bharat Petroleum for aviation fuel purchases. The Delhi Metro will reserve the first coach after the driver's cab for women passengers starting October 2nd, in response to requests to improve women's safety. The Indian government has deferred implementing the new Direct Tax Code by another year to April 2012, disappointing taxpayers, and removing preferential treatment previously given to women taxpayers.

1. WEEKLY NEWS

2. Kingfisher owes Bharat Petroleum
Rs 245 crore
 Kingfisher Airlines owes Rs 245 crore to Bharat
Petroleum Corporation (BPCL) on account of
buying Aviation Turbine fuel (ATF), (As per
BPCL's Chairman and Managing Director S
Radhakrishnan)
 Though BPCL stopped credit and started cash-
and-carry mode for Kingfisher, the airline is now
not buying from BPCL
 BPCL has opened ATF outlets at seven more
airports in the country and as of now has a
presence in 30 airports in the country. BPCL's in
and out retail formats started making profits and
its total turnover has reached Rs 350 crore, he
said.

3. Delhi Metro to reserve coach for
women from Oct 2
 The reserved ladies’ coach will be the first after
the driver’s cab in every train.
 Children up to 12 years, accompanied by women
passengers, will also be allowed to travel in the
reserved coach
 The decision was taken by DMRC managing
director E. Sreedharan, keeping in view a number
of requests received from various quarters and
because about a quarter of the total passengers
travelling on the Delhi Metro consists of women
passengers.

4. Direct tax code
 The Government deferred the direct tax
code(DTC) by yet another year to April 2012
causing yet another disappointment to the
taxpayers.
 Women taxpayers suffered a bolt as the
preferential treatment meted out to them earlier is
now proposed to be withdrawn. Senior citizens,
however, enjoy a higher exemption limit.
 The bill that replaces the Income Tax Act 1961
seeks an increase in exemption threshold of
individuals from Rs.1.6 lakh currently to Rs.2lakh.
The corporate taxes will be reduced to a flat 30%.

5. Tata Motors to launch Aria within a
month, may price it Rs 10 lakh
 Tata Motors will launch Aria a cross-over
between a multi-utility and sports utility vehicle
within a month.
 Unveiled at the Auto Expo and billed as a four-
wheeler built for Indians by Indian engineers,
Aria will compete with Toyota Innova and
M&M's Xylo.
 Sources say that the car is expected to be
priced at about Rs 10 lakh.

6. Emami settles dispute over Zandu
Balm song; to use for ads
 Emami Ltd, the owner of Zandu Balm, said its
copryright infringement dispute with the
production company of Salman Khan starer
'Dabangg' has been amicably settled between
the two parties. (As per Emami, Director
Mohan Goenka)
 Subsequently, the company will be using the
chartbuster 'Munni Badnaam' for its
promotional campaigns, while it is still in talks
over using Malaika Arora Khan, who did the
item number in the film, as the brand
ambassador for Zandu Balm.

7. Blackberry controversy
 Research in Motion (RIM), the maker of
Blackberry has finally surrendered to Indian
security agencies’ demand for access to their
server.
 The security agencies already had access to
voice data, SMS and general emails sent through
Blackberry devices but Blackberry email and
messaging services that are highly encrypted
were major concerns for the security agencies.
 With this understanding in place the government
has decided to serve notices to Google and Skype
also to fall in line.