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Saturday, January 22, 2005

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OPINION

EDITORIAL


Regulating the NBFCs
NON-BANKING FINANCIAL COMPANIES, whether or not accepting public deposits, are a motley lot not so easily amenable to regulation and supervision, given their heteromorphic characteristics. But their USP is this diversity that gives them the ... More

BUDGET


Should all deductions and exemptions go?
Deductions and exemptions have been the subject of much debate. Those opposed to them must realise that they are a significant part of the people's savings that form the bedrock of a nation's long-term investment strategy to set up the infrastructure needed to sustain economic growth for the next ten years at 8 per cent per annum, says H. P. Ranina. More

TAXATION


Smaller family suffers
Hindu law reforms should usher in tax neutrality as well, says More

Where the assessee won because the taxman slept on
THIS is not about Sarabhai vs Sarabhai, a TV sitcom, but about Sarabhai M. Chemicals vs Commissioner of Central Excise, Vadodara, a case that occupied the Supreme Court recently. The company manufactures ... More

When reopening turns revolting
T. C. A. Ramanujam questions the fairness of opening completed cases in the wake of retrospective amendments More

Truckloads of confusion — II
S. Sridharan summarises the notifications and circulars on service tax impacting goods transport agencies More

SOCIAL WELFARE


A shaft of sunlight
THESE DAYS, without fail, the papers are full of news stories which invariably suggest that there is a devaluation in standards relating to human behaviour. There are screaming headlines about rape, about bank ... More

BOOKS


After disaster people don't give up, but bounce back
IN MUMBAI, a woman rents out her comfortable apartment and moves out to a shack beneath a bridge, despite the risk of flooding and fire in the new place. Why so? "That way, she can pay for her daughter's education," ... More


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Top Stories
Exports under deferred payment deals to get advance licence benefits


Agrochem industry answers Jammu call

With increase in credit offtake — PSBs not keen to return capital to Govt

Gem, jewellery exports rise 38 pc

Cruise cos scout for Indian staff

Wipro sees slowdown in US tech spend

`Molecular medicine next big opportunity'

In Focus

BHEL Disinvestment
The Yuan Revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
More

In Depth

Gender Justice
Simple Economics
Tax Talk
More

Looking back
Jan. 9-Jan. 15
Patents Ordinance 2004 — Relief for generic drug-makers

Global economy will be built by BRICs

`VAT is equitable with least distortion on resources' — Dr Raja Chelliah, Chairman, Madras School of Economics

FII flows and RBI's dilemma


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