The Hindu Business Line : Saturday, March 11, 2006

THE BUDGET'S THREE-WAY FIT
While economic growth and tax revenues have moved in the same direction, government expenditure has gone the opposite way. More

AGRICULTURE

Farm extension, key to second Green Revolution
With increasing population and declining per capita land available for agriculture, the future looks bleak. Unless the second Green Revolution is ushered in soon, it will be difficult to sustain the burgeoning population. The current state of f arm research and extension could prove to be a major stumbling block. More

POLITICS

Varanasi test
On Wednesday terrorists set off bombs in the holy city of Varanasi which claimed more than a score of lives, in the process confirming that the enemies of the republic are bent on pursuing their goal of ... More

TAXATION

`Everything in life is somewhere else... '
Suffering diminishes, they say, when one sees a greater suffering. Ditto with the tax-troubled too, because you'd start adoring your taxman when you see the plight of assessees in a different country! So, the case for the week is from the UK, a ... More

Quantification conundrum
The IT Department had all along taken the stand that some sort of an expenditure has to be incurred to earn tax-free income, and this expenditure needs to be disallowed. The Finance Bill makes it mandatory to quantify the expenditure incurred for earning exempt income More

Unprepared preparer
Will the TRP, by signing the return, court trouble and stick his neck out? In all fairness, he should not be made the fall guy for the shenanigans of his client. The proposed regime of Tax Return Preparer bristles with a number of doubts. More

INCOME TAX

Will work be done in a hurry?
The amendment implies that the time-barring date is shifted from March 31 of the financial year to December 31. But most of the important assessments are taken up for scrutiny only from January. The proposal to reduce the time limit for compl etion of assessments defies logic More

FBT, lacking in equity
The defence of the FBT as `presumptive tax' is not convincing More

BOOKS

Economics, a depressing tale of miscalculation
Societies we create are `unique in comparison to anything in the past'. "We have no historical experience that prepares us to deal with it," says Nobel Laureate Douglass C. North, in Understanding the Process of Economic Change. On the same theme is Change Management, by V. Nilakant and S. Ramnarayan, where the emphasis is on new ways of thinking, says D. Murali. More

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Union Budget 2006-2007

Economic Survey 2005-2006

`RBI will manage liquidity through range of tools'

Tyre manufacturers to import 25,000 t rubber

Crude oil imports pegged at 110 mt

Forex reserves rise $1.5 b

Oil India, IOC to buy 90 pc stake in African block

`Product duplication prevalent in every industry'

`India can be made manufacturing hub'

In Focus

Infrastructure woes stare IT sector

IPO Scams