The Hindu Business Line : Tuesday, April 01, 2003

Pitching higher
WITH EXPORTS THIS year growing at over 16 per cent against a target of 12 per cent, the new Commerce Minister, Mr Arun Jaitley, could not have asked for a better stage to deliver his maiden Exim Policy. The performance has Mr Jaitley saying that ... More

HEALTH

AIDS vaccine in 8-15 years, says scientist
RECENT setbacks notwithstanding, a potent vaccine to prevent the deadly Acquired Immune Deficiency Syndrome (AIDS) virus from wrecking havoc on human populations, would be developed in the next 8-15 years, according to Sir Gustav Nossal, an ... More

POLITICS

Saddam, speculation and social insecurity
AT A time when the IMF has warned that a lengthy war could derail the fragile recovery of world economy, the US President, Mr George Bush's announcement that war will go on `as long it takes' has further intimidated the sentiments of business in ... More

TAXATION

Central Sales Tax — The road to consensus
IN HIS resolve to introduce VAT (value added tax), the Finance Minister, Mr Jaswant Singh, in his Budget speech, announced a reduction in the rates of Central Sales Tax (CST) to 2 per cent and assured that the States would be compensated for the ... More

Into the VAT of unknown
Theoretically, the country has gone VAT. Though there are apprehensions about, and opposition to, VAT, any tax system that opts for uniformity in the place of a larger scatter, and simplicity to replace an archaic labyrinth, is worth trying, even if the switchover is a leap of faith into the unknown, says D. Murali. More

RURAL DEVELOPMENT

Why rural development is lagging
THE most important reason for the abysmally low rate of progress in rural India is the compensation structure of employees involved in rural development. Even a proprietor-run kiryana (retail) shop in an established locality in, say, ... More

INTERVIEW

India Development Fund: `For returns with infrastructure investment' — Mr Luis Miranda, CEO, IDFC Asset Management Co
THE infrastructure equity fund was announced in the 2002-03 Budget and is taking shape now with a part of the Rs 1,000-crore corpus raised. The Infrastructure Development Finance Company Ltd (IDFC), which has been given the mandate of raising ... More

LETTERS

Indian economy

Green tax

Oil prices

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