The Hindu Business Line : Sunday, March 04, 2007

BUDGET
Five points someone overlooked
Here are five proposals which, had they been considered by the Finance Minister, might have balanced the Budget better between industry and agriculture. More

Finance Bill 2007 and personal taxation
While the rates of income-tax are not proposed to be changed, there is a new levy, the secondary and higher education cess, which would be 1 per cent of the tax and surcharge. This cess will be computed only on the tax and surcharge and will ... More

ICAI wants essential items under strict watch
The Institute of Chartered Accountants of India (ICAI) has called for strict measures to check profiteering and speculation in trading in essential commodities. Describing many of the positives in the Union Budget, Mr Sunil H. Talati, ... More

BUDGET TAKES
Taking the sop out of ESOPs
With PAN becoming the most important number ever, those of you who have still not applied for a PAN, get cracking. More

COURTS/LEGAL ISSUES
Banks legally bound to make temporary hands permanent: HC
Though nationalised banks are institutions under Union Government, they did not cease to be establishments for purpose of definition of term "industrial establishment" under TN Industrial Establishment (Conferment of Permanent Status to Workmen) ... More

FOREIGN TRADE
Study on rules of origin in free trade pacts
The Government has commissioned a study to rationalise various provisions in the rules of origin (ROO) so as to address the industry's concerns over the proliferation of free trade agreements (FTAs) and preferential trade agreements (PTAs) ... More

PETROLEUM
Excise collection from petrol, diesel up 9.61%
Mop-up at Rs 31,773 cr in April-December More

TAXATION
I-T Dept seized assets worth Rs 287 cr in April-Jan
The Income-Tax Department has conducted 2,659 search operations during April-January 2007 and seized assets worth Rs 286.89 crore, including cash seizure of Rs 142.40 crore. Official sources said that the tax department had conducted 3,364 ... More

To whom does locational advantage accrue in transfer pricing?
"It is time the CBDT came out with a clear safe harbour provisions such as the Mexican legislation.'' More

SSI
Fair Budget for small, medium units: CII
The proposals announced in the Union Budget recently by the Finance Minister for the micro, small and medium enterprises (MSMEs) will help the sector to grow, according to the Confederation of Indian Industry. Setting credit rating as a ... More

EDUCATION
UK-India education research meet on March 7
The UK-India Education and Research Initiative has, so far, decided to fund seven projects this year. More

Microsoft plans `Schools of Future'
Microsoft is in discussions with the Union Government and some State Governments to establish `Schools of the Future' in India. Mr Vincent S.K. Quah, Director, Public Sector Programme, Asia Pacific Public Sector, Microsoft, told Business ... More

Canadian varsity sets up centre in India
The Malaspina University College (MUC), Canada, established its representative office in India. The office, named Malaspina University-College Centre for Canadian Education (MUC CCE), will develop educational relations with Indian schools and ... More

CARS
Budget steers clear of auto lane
Much of the demands made by the auto industry were not met in this year's Budget. More

RURAL DEVELOPMENT
Syndicate Bank's rural operations
Syndicate Bank is using its five RRBs (regional rural bank) to reinforce itself in the rural areas. And the bank has, according to its Chairman and Managing Director, Mr C.P. Swarnkar, undertaken the effort of cleaning up the ... More

EXPORTS & IMPORTS
Marine products export to touch $4 b by 2010: Jairam Ramesh
Marine product to touch $4 b by 2010 More