The Hindu Business Line : Wednesday, July 13, 2005

Premature conclusions
IT IS PREMATURE to expect the system of Value Added Taxation to have led to a buoyancy in the tax collections of States, as Mr Asim Dasgupta, Chairman of the Empowered Committee of State Finance Ministers, seemed to imply the other day. The 12 ... More

AGRICULTURE

The not-so-happy harvests
TWO major events have shocked India and the world. After an unbearably long and hot summer, torrential rains flooded large parts of Gujarat and Madhya Pradesh. But more consternation was caused by the terrorist attacks ... More

ECONOMY

Taking forward the `outlay vs. outcome' debate
MUCH of the discussion during the two-day National Development Council (NDC) meeting last week focussed on government programmes, with an understandable desire of the States that these schemes be expanded. Sensing ... More

PHARMACEUTICALS

There's a general urge to move to generic drugs
EVEN as the Prime Minister's office is busy working on a policy to develop `a world-class pharmaceutical industry', one can hear wails over the payment of reasonable royalty by generic drug manufacturers to patent-holders, courtesy an overflowing ... More

POLITICS

Splendid idea
A SNIPPET from the pages of The Hindu dated July 11, 1955, reproduced in the paper's This Day That Age section, contains a gem of a suggestion which shows how the vision of the leaders of those days ... More

INTERVIEW

`Air transport industry in good health' — Mr Jean-Paul Bechat, CEO, SAFRAN, and Mr Vincent Gorry,National Executive - South Asia
"I believe that SAFRAN marked Le Bourget this year," says Mr Jean-Paul Bechat, Chairman and CEO, with obvious pride at the splash made at the Paris Air Show by the euro 11-billion French Group, created by the merger of aircraft ... More

SECURITY

India-US Defence Pact — I
Bonding of two unequal partners
Guardedness becomes essential when it pertains to any deal with a super-power, more so on Defence issues. Nevertheless, the Defence Minister, Mr Pranab Mukherjee, decided that entering into a Defence pact with the US brooked no delay and did not want the issue to get mired in time-consuming controversy. Also, the Americans could not contain their joy when he showed himself more than willing to sign the deal without ado, says B. S. Raghavan. More

LETTERS

Ayodhya blast

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