The Hindu Business Line : Thursday, March 23, 2006

BUDGET 2006-07
Betting on growth, not reforms
One would have expected the Finance Minister to press ahead with bold reform measures against the backdrop of a booming economy and healthy growth in tax revenues. Instead, he seems to be betting merely on the higher growth trajectory for achieving the desired results. While one need not find fault with higher allocations to various flagship programmes, the Finance Minister could have cut subsidies and increased the capital expenditure. More

ACCOUNTANCY

It's naïve to think tainted money becomes clean when donated
There are times when Mammon encounters sobering morals. One such occasion happened last week, when The First Church of Christ, Scientist, in Boston disengaged itself from a $2.3-million contribution, and volunteered to give the amount to a fund ... More

There goes the anon
Anonymous donations are now under the scanner More

The knowledge edge
Is the time ripe for industry-specific auditors? More

Ignorance of risks is high-risk
John Ruskin said, "Large fortunes are all founded either on the occupation of land, or lending or the taxation of labour." Of the three, the riskiest is often the second. For, large fortunes can be wiped off by bad loans. To avert such a ... More

TAXATION

ICARUS PARADOX

Regional growth on the wings of wax?
Vested interest that is making local politicians hesitate to tax many non-corporate services or pursue reforms vigorously are some sort of wax wings that allow States to fly for a while. But not for long, as the bad policies leave the States with lit tle to invest, and as the wings melt away, soon enough they crash-land. States, says R. VAIDYANATHAN, must avoid this Icarus Paradox. More

HUMAN RESOURCES

Recognising cheer-leaders
It is a big mistake to imagine that the cheer-leaders — people who bring cheer to others, gently remind people on the urgent tasks, point out shortcomings in behaviour and so on — can only be ... More

LETTERS

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In Focus

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