The Hindu Business Line : Saturday, January 20, 2007

EDITORIAL
Palm oil challenge
Raising oilseeds production, developing oil palm plantations and modernising the processing industry deserve serious attention. More

AGRICULTURE
The Second Green Revolution — Towards a different kind of green revolution
Contract farming will not only ensure assured markets and remunerative prices for farmers but also an assured supply base for the corporates in agro-based industries. However, to make contract farming a success, the Government has to put in place the requisite regulatory framework and extend fiscal incentives to all the players, says DILIP KUMAR ROY. More

TAXATION
Honest opinion necessary for write-off
The judgment of the assessee in regarding a debt as a bad debt must be an honest judgment and not a convenient one. The question is really one of fact depending upon diverse circumstances bearing on the debtor's pecuniary position, his commitments an d obligations. More

Streamline the corporate tax structure
Favourable tax rates for corporate houses may have to be combined with a broadening of the tax collecting system, by reducing the loopholes and incentives. More

It is always a noble idea to simplify tax laws
The existence of many exemption provisions by itself should not be a cause for complexity for the taxpayer or revenue leakage. MR SUDHIR KAPADIA, HEAD OF TAX PRACTICE OF BSR & CO., MUMBAI. More

Principal-interest dichotomy
Allowing interest is not an act of condescension, because it is not possible to compute real income without deducting all the related expenses, including interest. More

LETTERS

Poor storage

Farm land acquisition

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