OPINION
EDITORIAL
Farm to the fore
AGRICULTURE IS AN area where reforms have largely failed to make a marked impact, as is evident from deceleration in growth, and several challenges continue to be faced by farmers, not the least of which is availability of water resulting in ...
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AIRLINES
An airport that will let your imagination fly
THE manager at Hong Kong International Airport (HKIA) was telling us about the nine-hole golf course that was planned within the airport grounds. I wondered why an airport would invest money in a golf course. This was ...
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BUDGET
Budget is not without music
The Finance Minister has taken some tentative steps by ordering excise exemptions for tractors, farm implements, dairy and food processing equipment. One only wishes he had done more.
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Mixed bag of a Union Budget
The Finance Minister pointed to "seven clear economic objectives" of the Government's National Common Minimum Programme. It is within this broad framework that the Budget has been drawn up.
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Turnover tax debate
THE maiden Budget of the UPA Government has kicked off a controversy by levying a new tax. This is the Turnover Tax to be levied on securities transactions. The tax to be levied on all purchases or buyers is to the ...
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A new Dream Budget
THE Finance Minister, Mr P. Chidambaram, gave India a dream Budget in 1997. A series of measures introduced by him were all designed to boost industrial investment, corporate sector growth and business competitiveness. ...
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Setting new policy priorities
THE Finance Minister, Mr P. Chidambaram, while proposing a change in the manner on governance and a change in national priorities, has in Budget 2004 wrought much change in policy priorities and significantly altered ...
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COURTS/LEGAL ISSUES
Crime and punishment
The Dhananjay Chatterji case has opened up a debate on the issue of capital punishment. A just economic order, where common property outweighs private ones, would virtually eliminate criminal tendencies as it does among the Bushmen of Africa. As Aris totle has said, a society decays when the idea of the family decays. Thus, it is probable that a society that guarantees good family values is still the best protection, says P. V. Indiresan.
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STOCK MARKETS
A tax that can be unsettling
THE proposal to introduce a turnover tax has created a minor pandemonium in the market. Investors and traders are used to paying tax on profits, not on turnover. The Finance Minister's decision to impose such a tax is, ...
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CORPORATE GOVERNANCE
Private sector smugness
OFF and on, observers of the Indian corporate scene come up with disturbing comments on the cursory nature of checks and controls exercised over private sector firms. Apparently, for all the talk of subjecting private ...
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LETTERS
Budget-making
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