The Hindu Business Line : Saturday, August 06, 2005

Gilt-edged trading
TRADING IN GOVERNMENT securities is set to get a big boost with the Reserve Bank of India formally launching an electronic order matching module on its Negotiated Dealing System (NDS). The new system — NDS-OM, for short — is an ... More

COURTS/LEGAL ISSUES

Construction of law: Is there a disconnect?
Over time, while some of the principles of a law statute have stood the test of time, others may need a re-look for a changed milieu. Courts are increasingly accepting that an extant legislation, such as the Income-Tax Act, has to be interpreted taki ng note of the advances in technology or other relevant areas, says H. P. Ranina. More

PETROLEUM

Worries over rising crude price
OIL PRICES have hit a record high in the wake of Saudi Arabian King Fahd's death and there is nervousness in financial markets, as oil futures have jumped more than a dollar a barrel. There is much speculation about ... More

TAXATION

Hey, what's the taxman doing with the measuring tape?
IF IT'S Mumbai Customs, Excise and Service Tax Appellate Tribunal (CESTAT) and if the order on hand is of M. Moheb Ali, I'd suggest you stop to read it. Take the case of Ceenik Exports Ltd, which the Tribunal ... More

A search for the roots
S. Murugappan argues for transparency when specifying the rules of origin for imported goods More

INCOME TAX

Future imperfect
T. C. A. Ramanujam discusses a case on deduction towards warranty when computing `real' profits More

Rough ride on the FBT road
R. Anand on the lack of clarity on motorcar maintenance as fringe benefit More

Severance of the umbilical chord
S. Murlidharan on the tax implications of the so-called demerger of Reliance More

NATURAL CALAMITIES

Mumbai floods: Insurers getting carried away?
THERE seems to be some degree of exaggeration in reports that claims on motor vehicles following the Mumbai flooding are likely to be so large as to require the infusion of fresh capital by the private non-life insurer Bajaj Allianz. The facts ... More

BOOKS

Does globalisation remind you of Indian cricket or a butterfly flapping its wings?
GIVEN a choice between French fries and an economics book, most would choose the former. To make it easier, though, here is Barbara Parker's "Introduction to Globalisation & Business," from Response Books ... More

CARTOON