The Hindu Business Line : Friday, January 21, 2005

What State the VAT?
THE WHITE PAPER on the Value Added Tax, released by the Empowered Committee of State Finance Ministers, does no doubt offer some insights into the legislative framework on the proposed system of commodity taxation to be implemented from April 1. ... More

FOREX

Why reserves are not resources
Large economies having a vigorous interface with the global economy may require large foreign currency reserves to act as stored energy that smoothen the transmission of resource power to drive the growth engine. But the `resource power' will have to be derived from exports and capital inflows, which generate the ideas and energy that India needs to power the economy with, says G. Ramachandran. More

PHARMACEUTICALS

Pharma sector — No side-effects of patent regime
India's pharma industry is one of the most cost-effective manufacturers of generic drugs, and the overall outlook is encouraging. But if it is to derive full benefit from the opportunities opening up, it will have to strive hard to overcome some of the barriers. More

GENDER

Intellectual tsunami
IT HAS been variously described as male chauvinism, a firestorm, a maelstrom and even an intellectual tsunami. The rather overblown ballyhoo, now raging over the Western media, has been kicked off by the reported ... More

RBI & OTHER CENTRAL BANKS

Selection of World Bank's chief — Time to end Western `carve-up'
WHEELS (within wheels) have begun moving in the industrial countries, especially the US, by way of setting the machinery in motion to install a person of their choice in the place of the current World Bank ... More

NATURAL CALAMITIES

`Wherever sorrow is, relief would be'
THE tsunami toll has crossed two lakh. Almost in every nook of the world, there are efforts to mobilise resources for the relief of the affected people, reminding one of a line in the New Testament: "Every man ... More

LETTERS

VAT issues

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Pick a Winner Stock Market Contest

IDBI, Bank share swap ratio fixed at 100:142

SEBI mulls altering takeover code

Pharma sector — No side-effects of patent regime

Spices exports top 2.5-lakh-t target

A380 may open new biz opportunities for HAL

Profit or loss, business owners feel the stress

ACC net rises 138 pc in Q3 to Rs 53 crore

Satyam Q3 net rises 20 pc; ups guidance