The Hindu Business Line : Saturday, September 20, 2003

Dousing hot money
GOODNESS GRACIOUS, THE Non-Resident Indian is no more a privileged citizen, ever preferred over ordinary Indians. Arbitrage via banking channels should peter out with interest rates on NRI deposits pegged 100 basis points over Libor, though the ... More

TAXATION

It's all in the family
T. C. A. Ramanujam asks why family cannot be considered a unit of assessment More

A bouncer for Bhogle
R. Anand on whether TV commentators can stake a claim to deductions available to actors and artists More

Rigour of the new regime
The changes to the income-tax search provisions are draconian, says T. N. Pandey More

No rap if wrapped well
S. Murlidharan on the frowned-up practice of giving gifts at AGMs More

Are the Big Three padding expenses?
THREE of the Big Four accountancy firms have been named in a US lawsuit alleging that they overcharged clients millions of dollars in travel expenses. PricewaterhouseCoopers, KPMG and Ernst & Young were named in the ... More

DISINVESTMENT

Hurdle to disinvestment
THE Supreme Court's judgment last Tuesday on the disinvestment of Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited is a stricture on the disinvestment procedure adopted by the Government ... More

WTO

Cancun: End of the road for WTO?
For farmers all over the world, the failure of the Cancun Ministerial is just another step in their long and arduous battle to retain control over their food security needsand to move towards a sustainable farming model. However, instead of encouragi ng healthy co-operation, the WTO has only pitted the farmers of the developing and the industrialised countries against each other, says Devinder Sharma. More

FOREIGN INSTITUTIONAL INVESTORS

Clarification needed on investment by OCBs
What the RBI wants to do by "derecognising" OCBs as a class of investor is to strip them of the special status they have enjoyed, and sometimes misused, all these years. An OCB will be treated just like any other company and merely being owned or con trolled by NRIs will not get it access to areas of the market closed to other foreign investors. More

BOOKS

To study inflation, call in the maids and nannies
ECONOMICS is the study of production, distribution, and consumption of goods and services. The preoccupation with resources that are scarce and requirements that outbeat them. A powerful science, yet misunderstood much, ... More

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