The Hindu Business Line : Thursday, March 03, 2005

Drawing ire
THERE ARE EARLY indications that the new tax proposal on cash withdrawal in excess of Rs 10,000 may not have a smooth passage to becoming a law. After all, this was the only point on which the Finance Minister, Mr P. Chidambaram, had to face some ... More

BUDGET

Promise of metrics to measure implementation of outlays
THE Chairman and CEO of PricewaterhouseCoopers, Mr Rathin Datta, feels that Budget 2005 is more than a mere statement of intentions: "Mr P. Chidambaram has presented a good Budget. We have for long been neglecting ... More

Imaginative legal reforms
THE Finance Minister, Mr P. Chidambaram, has improved the delivery of the beneficent proposals targeted at the poor, rural and common people. An innovative and a progressive step is the introduction of a financial ... More

POLITICS

Needless ruckus
THE National Democratic Alliance (NDA) has decided on a privilege motion against the Prime Minister, Dr Manmohan Singh, for having written to Ms Sonia Gandhi who is the Chairperson of both the United Progressive ... More

BANKING

The story behind runaway credit
Till October 2004, there was a large extension of credit for the housing and retail sectors. Now, it appears that credit to both industry and agriculture too has gone up sharply partly due to the express wishes of the Government and the RBI. The saga of the runaway credit has implications for monetary policy-making, says A. Vasudevan, who explains the phenomenon. More

INTERVIEW

`We need an inclusive growth strategy' — Mr Montek Singh Ahluwalia, Deputy Chairman, Planning Commission
IN THE run-up to the Union Budget 2005-06, expectations ran high among different stakeholders of the economy with the key ministries involved in the budgetary exercise boasting economists and with the presence at the ... More

INCOME TAX