Financial Daily from THE HINDU group of publications
Saturday, February 22, 2003
Markets (Feb. 21)
BL 2501114.44 (+0.63)
BSE Sensex3307.20 (+3.98)
S&P CNX Nifty1066.15 (+0.55)
Dollar (Buy/Sell)47.67/47.80
Gold Std (10 gm)5670 (+15)

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OPINION

EDITORIAL


Future perfect?
THE CENTRE DESERVES to be complimented for its bold decision to allow futures trading in all major commodities — agri and non-agri — by removing the prohibition under the Forward Contracts (Regulation) Act, 1952 and fulfilling the ... More

AGRICULTURE


How safe is imported food?
THE inter-ministerial meeting convened by the Environment Ministry to discuss the various issues on import of genetically-modified foods and products has come about not a day too soon. Worldwide, policy-makers are endeavouring to address food ... More

BUDGET


Why not a compromise package?
The plethora of exemptions and deductions has made the tax system highly complicated. Though most economists agree on abolishing the deductions, they do not on doubling the exemption limit, fearing that a vast mass of lower-end income assessees would go out of the tax net. So, a compromise package — which would address both the economic and the political compulsions — may be tried, says Alok Ray. More

`Little faith in budgetary exercise' — Mr Somnath Chatterjee, CPI(M) leader
THE Budget for 2003-04 will be "a soft" one as the ruling party is only "pampering the trading community and the middle class and talking about reforms of the tax system", as outlined in the Kelkar Committee reports, says the CPI(M) leader Mr ... More

POLITICS


A protest a day lets activism have its say
EVERY Jack has his Jill. Every dog has his day. But these days, every protest has a day. At times, however, there are too many protests that crowd the calendar. So, when it is the anti-war rally in the developed world, it is time for anti-Saurav ... More

TAXATION


Stale site
HOMEOWNERS in deprived areas of the UK are paying too much stamp duty on their properties because the Inland Revenue has not kept its Web site up-to-date. The Revenue is being blamed for not updating the list of areas on its Web site that are ... More

Why kill a section
T. N. Pandey on the wrong reasoning in the Kelkar report for eliminating Section 36(l)(ii) relating to allowance of interest on borrowed capital More

No baggage of past sins
Mohan R. Lavi on a case where readiness to pay taxes worked in favour of the assessee More

The road to go for NGOs
K. Shivkumar looks at ways how non-profit organisations need to be approached by the tax regime More

The long-term giveaway
S. Murlidharan on the syllogism of not taxing LTCG from shares More

The fabric of dividend
T. C. A. Ramanujam on how courts construe the provisions on deemed dividend More


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Top Stories
Tax sops sought for people development activity


`Little faith in budgetary exercise' — Mr Somnath Chatterjee, CPI(M) leader

Why not a compromise package?

Hiring shows IT majors are upbeat on India

SBI reduces floating rates on home loans

Shortage of quality cotton worries mills

In Focus
Run-up to Budget
Kelkar Report
Bottled water: How safe is it?
Telecom Competition
Oil PSUs: Disinvestment dilemma
Housing Fin. rate war: Bonanza for consumers!
NPAs in Banking
In Depth
Simple Economics
Consumer Notes
Tax Talk
The Brahmananda collections
Corporate Governance
Gold: Still the winner?
Cars: Always a beauty
Books and Reviews
Looking back
Feb. 9-Feb. 15
Moody's upgrade — Uplifts the mood but raises questions

GM potata — Magic bullet or mere hype?

How the war will impact Iraqi women

The calorie consumption puzzle

More reforms needed at State level


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