The Hindu Business Line : Saturday, August 24, 2002

A hasty levy
ANY EXCUSE IS enough for the Finance Ministry to think up fresh levies like the recent proposal to slap a drought surcharge. Rains have not been aplenty but that is not the same as drought, and with September still to come there is little need ... More

ECONOMY

Business cycles: Then and now
ACCORDING to the standard definition, a business cycle consists of expansions occurring at about the same time in many economic activities, followed by similar general recessions, contractions, and revivals which merge into the expansion phase of ... More

Should monetary policy check liquidity growth?
THE index number series of business or economic activity from 1947-48 to 2001-02, featured in the previous article on the economy, were derived as a composite of indices of agricultural production, industrial production, mineral production, real ... More

ENVIRONMENT

Johannesburg Summit — Will it open up sustainable opportunities?
The most urgent challenge today is to persuade nations and institutions to slow the speed of economic globalisation, and gradually change the development path that would be consistent with sustainable development. Realising that globalisation-led g rowth is incompatible with sustainable development is the first step toward formulating an appropriate policy-mix for the developing world, says P. Nagarajan. More

TAXATION

`Not ordinary' ramifications
THE recent Gujarat High Court decision in Pradip J. Mehta vs CIT — on the definition of a `not ordinarily resident' (NOR) person — has attracted a lot of debate, including in these columns. While most commentators have focussed ... More

A `complete' cure for contract spills
T. C. A. Ramanujam on the problems in determining taxable profits for turnkey projects More

ECONOMICS

A running nose for knowledge when customers are on run
ECONOMISTS often presume knowledge. That those who have to take decisions know the implications, that economists understand how things work, and that when they explain their theories, everybody understands them too. Ask the ones who revel in ... More

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