The Hindu Business Line : Saturday, October 01, 2005

Non-alignment today
In the changed world circumstances, is the concept of "non-alignment" still valid? The `movement' aspect of NAM can remain valid because what it basically means is that a number of countries are close knit enough to adopt common positions on internat ional politics. It can be said that the NAM of yesteryear has transformed into the Group of 20 of today. More

EDITORIAL

More political than strategic
A DECISION ON the sale consideration for the transfer of the Government's original stake in the UTI Asset Management Company to its current sponsors marks the final step in the restructuring of the Unit Trust of India that began a few years ago ... More

EXCISE AND CUSTOMS

The relief of release
S. Murugappan on the recent circular on provisional release of seized goods by Customs More

TAXATION

Daughters better off than sons
T. C. A. Ramanujam discusses the far-reaching amendments made to the Hindu law on succession More

Looking on darkness which the blind do see
CASSIO talks of chatting with certain Venetians on the sea-bank, in Othello, but the talk in the Aldec Corporation case was about inputs for Venetian blinds. Instead of "a Venetian, a scholar and a soldier that came hither in company of ... More

INCOME TAX

Reducing grace period can be taxing
There has to be a definite cause for the assessing officer to believe that if the full period of 30 days is granted to an assessee to clear a tax liability, it will be detrimental to the Revenue. But the law does not suggest that the Legislature inte nded to arm the AO with wide powers. More

Agricultural income and aggregation
If a minor has only agricultural income, there can be no clubbing, says R. Anand citing a recent Tribunal ruling More

BOOKS

Convergence and divergence of growth
Myriad are the mysteries that surround a country's productivity and growth, and author Elhanan Helpman explores the `forces of convergence' that gave countries entry into the rich club, and `forces of divergence' that allowed prosperous nations to go on the fast track. D. Murali terms this effort a coming together of vast research for a broad audience. More

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