The Hindu Business Line : Saturday, April 14, 2007

CLIMATE & WEATHER
Climate change and India — Dark clouds on the horizon
A recent Nicholas Stern report says that global warming could shrink global economy by 20 per cent. The worst affected will be the world's poor, India included. But acting now will cost less than 1 per cent of India's GDP. More

FINANCIAL SERVICES
Mumbai as international finance hub — Reality check on bankers' dream
Developing nations seeking to benefit from financial globalisation should create the ground conditions to benefit from it. They cannot hope to reap gains merely by creating an International Finance Centre. Driven by bankers' dreams, the Percy Mistry panel report seems to expect the tail to wag the dog, says K. SUBRAMANIAN. More

EDITORIAL
Safe landing in the end
Jet Airways and Air Sahara manage to come out of the legal air-pocket quite unscathed. More

TAXATION
Reverse mortgage sans reverses
The Finance Minister, Mr P. Chidambaram, has made good his budget speech promise to senior citizens. The National Housing Bank has come up with draft norms for reverse mortgage, an idea whose time the Finance Minister seems to think has come in ... More

Woes of TDS rate hike
An unfair burden on profitable firms More

WTO
Doha Round — talk about talks
If marathon is an euphemism for a long run, the Doha Round of multilateral trade talks could be for negotiations that go on and on without any end in sight. The latest conclave in New Delhi, graced by developed countries such as Australia, ... More

INTERVIEW
Two words that cause a tax glitch in SEZ
Despite the controversies over the future of SEZs, the tax holiday being provided by Section 10AA appears the best attraction for entrepreneurs to set up their business units in an SEZ. More

`World's first nano-material based water filter'
IIT-Madras is just about to release a water purifier using nanotechnology. "Technology used in the product is the very first and is home-grown. No nanoparticle based water filter exists in the world as of now," says Dr T. Pradeep, Professor in ... More

INCOME TAX
A net too narrow
Are the HNIs and the super-rich getting away by paying little or no tax? More

Deemed iniquitous
In spite of the Supreme Court interpreting Rule 3 in a fair manner so as to exclude its operation in respect of accommodation provided at normal rate, having regard to the location and other circumstances, the Government has thought it fit to impose a deeming clause in Section 17(2) (ii) by way of an Explanation. More

LETTERS

Reverse mortgage

Encouraging innovation

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Top Stories
Banks stick to 2-year average maturity profile

Data, Sim cards could compromise info: Expert

Climate change and India — Dark clouds on the horizon

Govt slashes import duty on palm oil

Pepsi offers Nafed help in wheat procurement

Life insurers unfazed by high interest rates

`Hedge funds: Direct or indirect regulation need of the hour'

US scanning containers in foreign ports

Post Jet-Sahara deal: Changing dynamics of low-cost carriers

Crisil sees slowdown in credit growth

Looking back
Apr. 1-Apr. 7
Food Processing Sector: Opportunity by the ladlefuls

Foreign remittances don't translate to industrial investments for Kerala

Inflation: The unusual suspects