The Hindu Business Line : Tuesday, April 06, 2004

EDITORIAL
Taxing questions
THE HUGE TAX demand slapped on Wipro last week is unlikely to be the last of such cases. Simply because the tax incentive regime for fresh investments simply bristles with contradictions. The `tax-holiday' privilege is available for lump ... More

ECONOMY
Looking at long-run economic growth
The current focus on annual and even quarterly growth rates diverts attention from the longer-run processes of change in the India economy. In this edition of Macroscan, C. P. Chandrasekhar and Jayati Ghosh take a look at a long er time period to understand the basic forces behind growth and stagnation. More

India beware: The dragon is moving, and fast
The economic and trade intercourse between the two countries is not commensurate with their economic strengths and populations. For the trade between the two ancient civilisations to be more equitable, India must catch up with China's competitive str engths. More

FOREIGN TRADE
What remains of the case for free trade
When economists sing the virtues of free trade they mean free trade according to the long run or dynamic comparative advantage. Free trade based on long run comparative advantage can potentially bring enormous gains to everyone. But it needs to be ac companied by a suitable compensation and redistribution mechanism to ensure that everyone actually ends up being better off, says Alok Ray. More

EDUCATION
A primary solution at IIM
THE stand off between Indian Institute of Management, Ahmedabad (IIM-A), and the Ministry of Human Resource Development (HRD) on the core issue of autonomy and the related one of fee cut now appears to be headed towards ... More

PEOPLE
The Vajpayee phenomenon
THE Bharatiya Janata Party complained to the Election Commission on March 29 that advertisements placed by the Sajhi Virasat Trust had maligned the Prime Minister, Mr Atal Bihari Vajpayee, by alleging that he had acted ... More

LETTERS

Indian Constitution

International calls

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Avaya to make open offer for Tata Tele stake at Rs 220 per share

Rs 430-cr share-swap/cash deal for 67.5 pc pie — Bharti to buy Shyam stake in Hexacom

BARC develops new tech for banana juice

World trade may rise 7.5 pc: WTO economists

India beware: The dragon is moving, and fast

Looking back
Mar. 28-Apr. 3
The steel end-users' call

Fall and fall of the dollar: US must buck up

Regionalism in driver's seat

Skilled experts often see eye to eye with profits

Elections 2004: Early lead for NDA

Market Stabilisation Bills/Bonds — Mopping up the excess liquidity

Strong rupee, stronger growth