The Hindu Business Line : Saturday, February 05, 2005

Beyond the S&P rating
LIKE A CAPRICIOUS mother-in-law, Standard & Poor's has been whimsical in credit-rating the Indian economy. Anyway its pronouncements do not appear to bother most international players, as, otherwise, it is hard to explain the continuing rush of More

COURTS/LEGAL ISSUES

Seeking the pardon of tax law
Can a statement/declaration given under one law to secure pardon be used against the person under the Tax Law for evading or concealing his income? The Supreme Court has opined that this should not be done - for if prosecution under the Tax Law is to be based on evidence given for the purposes of another statute, a person would hesitate to make a full and complete disclosure which is necessary for the pardon to operate under the latter. This, says H. P. Ranina, is a milestone in the law pertaining to offences and prosecution. More

POLITICS

The quality of democracy
ON THE face of it, the developments in Nepal, where King Gyanendra has dismissed the Prime Minister, Mr Sher Bahadur Deuba, can be seen as an exercise of brute power heralding some form of monarchical dictatorship. And, ... More

TAXATION

The shape of VAT to come
S. Madhavan summarises the Empowered Committee's curtain-raiser on VAT More

`Black' is not beautiful
The black money menace needs to be handled administratively and not merely by legislation, says T. N. Pandey More

`Floor or ground' includes floor of the car or vehicle
MATADOR Foam was not too happy that the Central Excise officials were dragging the company all the way to the apex court to unseat a favourable decision of the tribunal on car seats. Matador manufactured "goods made out ... More

INCOME TAX

Equitable timing of TDS credit
R. Anand on a Tribunal decision that highlights the difference between `assessed' and `assessable' More

BOOKS

A teenage concept for the staid old bank
A BUBBLY 15-year-old in the field of economics is inflation targeting. It was born in 1989 when New Zealand rewrote its Reserve Bank charter and brought in the need to make public announcement of official targets for ... More

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Pick a Winner Stock Market Contest

BSNL challenges TDSAT order on extending tariff cut to pvt operators

Pantaloon to pick up 49 pc stake in Planet Sports for Rs 14. 2 crore

Inflation declines on cheaper food, edible oils

Market intervention to hold prices — Procurement may cost Cotton Corp Rs 325 cr

Nirma, Henko also to cost more

Vegoil imports increase

Ministry cuts cargo charges for coastal vessels by 40 pc

In Focus

BHEL Disinvestment

The Yuan Revaluation