The Hindu Business Line : Saturday, January 31, 2004

EDITORIAL
Passenger budget
THE RAILWAY MINISTER, Mr Nitish Kumar's Interim Railway Budget, true to expectation, does not have much to offer. Interestingly, even with the elections looming large, no concessions have been offered to the passenger, not even the suburban rail ... More

TAXATION
A fond list of hopes
T. C. A. Ramanujam on tax sops that the Budget can offer the middle class More

Penalty, pushed to a corner
The dividing line between fines and penalties is thin, says R. Anand More

Chasing value that ambassadors add
Mohan R. Lavi on the targeting of celebrities by taxmen More

RAILWAY BUDGET
Interim Rail Budget — A shunting job by Nitish
The Railway Minister, Mr Nitish Kumar, has neither taxed passengers nor offered them goodies, except a set of new trains, in his Interim Rail Budget, but it is far from an effort that will transform the milch cow into a `race-horse' of which its one billion owners will be proud, says R. C. Acharya. More

No gravy train
Unless the Railways is freed from political interference and run on purely commercial considerations, the future of the country's largest transport system is in jeopardy. More

ECONOMICS
On voluntary transactions between consenting adults
FOR ECONOMISTS, all problems are down-to-earth, or more precisely, down to graphs and equations. For philosophers, however, even small things have deep and abstract dimensions. Now, marrying essays in economics and ... More

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