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Saturday, January 24, 2004

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OPINION

EDITORIAL
Moody matters not
THE INDIAN ECONOMY has gone past the stage where it needs foreign certification to sustain itself, making Moody's oracle largely irrelevant. The international rating agency explains its mood change to a "reduction in external payments ... More

BUDGET
Mini-Budget: Timely shot in arm for growth
The package of stimulus to the economy provided by Mr Jaswant Singh shows that he is taking great care of the political constituency even while adhering to the latest economic theories about deficit reduction tax cuts, capital account convertibility, infrastructure funding, and so on. While stopping short of pump-priming, he has administered a booster dose to the economy at the right time, says T .C. A. Ramanujam. More

ECONOMY
Is India really `shining'?
IT IS being said that the NDA has deliberately projected the "India Shining" image so as to get the maximum mileage for the coming elections, a point of view which makes good sense from the standpoint of realpolitik. ... More

TAXATION
A take on mistake
Mohan R. Lavi on the need to evolve general principles on `mistakes' More

Dispose `ex' for `mutual' benefit
T. C. A. Ramanujam on why it is necessary to plug avoidance through profit booking and sale of mutual fund units More

Payments by a different mode
R Anand on the need to review the practice of disallowing cash expenditure More

It appeals to reason
T. N. Pandey defends the role of the CIT (Appeals) in the tax system More

BOOKS
Further lessons on how to mismanage the economy
BOOM. That's what a book of economic synonyms, if there were one such, would show for `US'. No boom, but it was simply artificial, argues Joseph Stiglitz in The Roaring Nineties (More




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Looking back
Jan. 11-Jan. 17
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Green prospects for grain output


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