The Hindu Business Line : Monday, April 04, 2005

Uncertainty on pension authority
THE NEW PENSION fund authority, which came into existence from April 1, presides over a segment of the asset management industry whose contours can only be described as still evolving. Initially, the authority is expected to regulate the ... More

ECONOMY

Developing interest in investment
While a simple, transparent and investor-friendly policy regime is necessary for attracting foreign capital, the proposed Multilateral Agreement will only alter the balance of power between a developing country, and the asset holders. More

India and China — a game of one-upmanship
China and India may well dominate the international economic and trading system two decades from now. But how and where India will stand vis-à-vis the powerful Chinese presence in the global market place depends on how well it builds on its st rengths, addresses the reform gaps and steers clear of doctrines that threaten stability. More

POLITICS

New EU constitution: More sceptics than supporters?
AT `InfoPoint,' the information dissemination office of the European Union located at the entrance to the EU Parliament in Brussels, you can pick up all the information you need about the EU. One of the items available ... More

LIFESTYLE

A morbid malaise
TAMIL Nadu is perhaps alone among the 29 States of the Union in which a predominant number of the people, young and old, men and women, are inordinately obsessed with every minute aspect connected with movies — ... More

DERIVATIVES MARKETS

Derivatives: Contracting the contract size
THE size of the derivatives contract traded on the NSE has been revised with effect from April 1, 2005, as most contracts have exceeded the minimum value of Rs 2 lakh. The NSE should go a step further and halve the ... More

MONETARY POLICY

The RBI Governor's policy options
THE biannual monetary policy statements of the RBI Governor are eagerly awaited by the general public as windows on policy changes of the central bank. There is, however, a feeling that Governor's policy responses ... More

INCOME TAX

Fringe benefit and the multiplier effect
Taxing fringe benefits may offer immediate small gains but larger losses later on. Taxing such benefits is to lose sight of the cascading effect of perquisites. Citing Keynes' important concept of multiplier, P. V. Indiresan says that if the Government wants to maximise revenue and growth, and minimise poverty, it should encourage perquisites, not discourage them by additional taxation. More

LETTERS

Human rights and the US

New bank chairmen

Bank mergers

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The RBI Governor's policy options

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Fringe benefit and the multiplier effect