The Hindu Business Line : Saturday, January 17, 2004

FOREIGN RELATIONS
Vajpayee's Islamabad visit — Optimism must be tempered with realism
Mr Vajpayee has realised that the prevailing "feel-good" factor will pay better electoral dividends if he succeeds in dealing with Pak-sponsored terrorism. Gen Musharraf, finding his jehadis a liability, has said he will not permit Pakistani t erritory to be used to support terrorism. But New Delhi must realise that that there can be no quick or dramatic solution to a problem that is ingrained in the psyche of both countries, warns G. Parthasarathy. More

EDITORIAL
Raising the FDI limits
THE FURTHER LIBERALISATION of overseas ownership limits in banking and petroleum sectors should occasion no surprise as such initiatives had been on the cards for quite some time now. For instance, even at the time presentation of the 2002 ... More

AGRICULTURE
Green prospects for grain output
WHILE during 2002-03, agricultural growth turned out to be negative due to severe drought that affected agricultural production and productivity in several parts of the country, favourable rainfall during the current ... More

POWER
On energy entertainment and $36 trillion of lost revenues
PARTIES bargain for seats. Politicians thirst for power. Ageing people yearn for energy. We all want electricity. And here comes a journalist from The Economist to give Power to the People ... More

TAXATION
Getaways in the demerger route
The definition of demerger requires a relook in the light of abuse of corporate tax incentives, says T. C. A. Ramanujam More

Why frown upon farm income from firm
SECTION 10(l) of the Income-Tax act 1961 exempts income from agriculture if it comes within the definition of `agricultural income' as given in Section 2(1A) of the Act. However, the I-T Act provides for partial ... More

A `head' that's ever on a roll
R. Anand on controversies that plague business income computation More

EXPORTS & IMPORTS
Import `feel good' factor for exports
THE mood in the country is truly upbeat. News from all fronts indicates that GDP growth may cross 7 per cent. Agriculture is projected to grow by 8 per cent, and industry 6 per cent. And the services sector too is set ... More

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New road project to connect all major cities

HDFC third quarter net rises 25 per cent

Looking back
Jan. 4-Jan. 10
Reform labour laws, now

The perils of private food export

SAARC initiative on free trade

Bank reform and the rural sector

CAS: The fading picture

Dramatic progress at Islamabad

Petrochemicals: Party in the pipeline

Sensex and the doctrine of caveat emptor

India matures: A significant year

Mini-Budget, and maxi impact — Epochal change in mindset