The Hindu Business Line : Tuesday, January 13, 2004

EDITORIAL
Endorsing a tax
THE CENTRE'S DECISION to impose a service tax on endorsements by celebrities is unexceptionable considering the nature of the activity and the generally accepted principles of taxation. There has always been a debate about whether endorsement of ... More

TELECOMMUNICATIONS
India speeding on telecom superhighway
ONE phenomenon impressing everybody the world over is the rapidity with which traditional telecommunication networks are morphing into electronic-photonic transportation systems for storing and carrying information. ... More

ECONOMY
Government rides the wave
Most of the measures announced by the Government cannot be deemed reckless or populist. It has decided to use the bountiful foreign exchange reserves to facilitate imports of capital goods that the country needs. Buyers benefit and when they do, the economy does too. Regardless of whether there is a poll angle or not, the Government is to be lauded for taking the steps, says V. Anantha Nageswaran. More

Fiscal deficit rumblers ahead
The logic of the Finance Minister that tax cuts will promote greater consumption and yield higher revenues besides promoting growth and income will hold good only if the Government devises some measures to balance the effect. Some effort has, for ins tance, to be made to whittle the burgeoning subsidies which might gobble up Rs 49,907 crore as budgeted in the 2003-04 fiscal. More

TEXTILES
EU enlargement: It may stretch India's textiles sector
The EU enlargement is a cause for concern as it may result in strengthening investment and sub-contract relationships within the EU. More

INTERVIEW
'Indo-British trade ties at their best'
The United Kingdom is the third largest investor in India. The important factor is that British companies are major players in India's service sector, for example in banking, insurance and education. On the other side, India is a growing ... More