The Hindu Business Line : Saturday, July 15, 2006

POLLUTION
Light on sound
The first thing you notice about people in Kolkata is that they talk at the top of their voices. It can be puzzling if you are a visitor. You gradually realise that they are only trying to make themselves heard ... More

EDITORIAL
Enervated on biofuel
The government has been talking of promoting biofuels, but little headway has been made. No real policy is in place. More

TAXATION
Tax officer as business manager
The CBDT should think twice before directing the Department to exercise the power to appoint receivers to manage the business of the defaulter. More

At times, music too has to face the music
"If music be the food of love, play on," urges Duke Orsino in Twelfth Night. But play, you can't with the taxman, even when the tunes are right. Take for instance a musical case the came up before ... More

Charitable treatment
Far from buffeting charities, the I-T Act in fact suspends the normal rules of income computation in favour of charitable trusts so as to encourage charity. More

ECONOMICS
We are greying faster with far less to bank on
The UN Population Division predicts that the number of elderly in India will rise from 85 million to over 300 million in about four decades. In Ageing in India, Moneer Alam explores the phenomenon and its social and economic implications, while in Th e Ageing World, Anil Bagchi identifies ways the elderly can continue to play a productive role in society. And, finally, John A. Vincent, Chris R. Phillipson and Murna Downs in The Futures of Old Age discuss ageing in the modern world. Three books to keep your mind young, says D. MURALI More

CORPORATE GOVERNANCE
Ethics and Governance — Next global frontier for India Inc
Good ethics and governance are not just "moral" or "compliance" issues. In the long term, they are essential behavioural traits for the organisation that strengthen brand equity and help ensure stable growth. More

INTERVIEW
`GST promises to have a positive impact on all stakeholders'
It is fair to suggest that India will be in a position to implement the GST on a national basis by April 2010. Indeed, given the present state of readiness, it would have been possible to target an even earlier introduction of the GST. — Mr S. Madhavan, Executive Director, PricewaterhouseCoopers Pvt Ltd More

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