Financial Daily from THE HINDU group of publications
Monday, July 05, 2004

Cross Currency


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Not by bank credit alone
THE Finance Minister, Mr P. Chidambaram, has announced a new initiative to increase the flow of credit to the farm sector. Obviously, he has been led to this move by the story of apparent continued neglect of ... More

Debatable recommendations
THE RESERVE BANK of India could have waited on the proposal to cap holding of equity at 10 per cent in private banks as the extant rules are stiff enough to protect depositors. The RBI nod is a must for an individual or a group to acquire 5 per ... More

A belated Budget session
As many as 28 new Bills are to be introduced, considered and passed by the Lok Sabha during the Budget session. Of these, 18 are finance-related, either directly or indirectly. More

Why the government needs inflation
Inflation is of great value to government in that, as somebody once put it, it helps it to pluck the geese in such a manner as to obtain the greatest number of feathers with the least amount of hissing. More

2004 second half — Holding a mirror to 2003
All economic indicators — the Fed moves, bond and interest rates, the dollar-euro trends, Japan's outlook and Asian equity scene — suggest the second half of 2004 being propitious for non-dollar fixed income than for equities, which happ ens to be the mirror image of what happened in the second half of 2003, says V. Anantha Nageswaran. More

MF must look beyond dividend plans
THE mutual fund industry is hoping the Government will remove distribution tax in the coming Budget. At present, dividends paid by mutual funds are tax-exempt for investors. Each fund instead pays a 12.5 per cent ... More

Row over Governors
I AM confirmed in my belief that a distinct and disturbing personality change has come over the BJP in the aftermath of the traumatic blow inflicted upon it by the electorate in the recent Lok Sabha election. First, the ... More

Spare shared services from tax
THE Common Minimum Programme (CMP) has laid out an ambitious spending programme over a five-year period and the Finance Minister, Mr P. Chidambaram, has the onerous job of having to raise the resources and, at the same ... More


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  • EPF interest rates

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  • Top Stories
    Scanty rainfall slows down rice, cane sowing

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    Not by bank credit alone

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    Jun. 27-Jul. 3
    Whose interest is it anyway?

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