The Hindu Business Line : Saturday, August 05, 2006

EDITORIAL
Reform needs unreserved support
The Government must aim to raise the foundations, not bring down the ceiling through a quota regime. More

COURTS/LEGAL ISSUES
Writ Petitions — Maintainability matters
The Constitution has given the High Court the power to issue writs, directions and orders, as may be necessary to meet the ends of justice, subject to their maintainability, which is determined by cause of action, merits of the case and jurisdictio n of the court. More

POLITICS
Unspeakable horror
The horrors of the hostilities between Israel and Lebanon daily witnessed on the TV screen leave one benumbed. Both sides are demoniacally targeting civilian populations with all the firepower at their command. The totally unjustified conflict is ... More

TAXATION
Leash on lease rent
Following the Amendment Act, all lessees will have to deduct 20 per cent tax on the entire rental, which will obviously stifle the cash flows of leasing companies. More

Corporate social conscience
Money spent for being known as a good corporate citizen cannot be regarded as being wholly outside the ambit of the business concerns of the company. More

Let mercy be your mosque, faith your prayer-mat
A report that is `37 minutes' old in Mail & Guardian Online, South Africa, speaks of, " `One of the worst days' in Lebanon." Distressingly, there are `1,618 related stories'. Such as this one on Reuters AlertNet, UK, `19 minutes ... More

Wedding gifts
Cash gifts received on occasions that are a prelude to the actual marriage would also be exempt More

ECONOMICS
Why the standard economist may be the emperor in new clothes
Why too much credence to a version of economics that is often ridiculously at odds with our simple powers of observation, asks Nobel Laureate George A. Akerlof in Explorations in Pragmatic Economics. In Empire of Knowledge, Vinay Lal talks about the culture and plurality of the global economy, and critically examines the role of the West. Right reads to keep this weekend busy, says D. MURALI. More