The Hindu Business Line : Saturday, April 28, 2007

ECONOMY
People matter the most
The shift into the Knowledge Era requires deep involvement in the art and science of people management. People matter most for achieving success in the contemporary corporate context. More

TAXATION
Takeaways from China's tax reforms
A lot of thought has gone into making the Chinese income-tax system taxpayer-friendly. India is attempting to do the same through a new and simplified direct tax code that is on the anvil. More

Some tinkering with special audit
Courts have recognised that audit places a heavy burden on the person whose accounts are to be audited. More

Charitable deduction
Newspapers have carried reports about donations made to the T.T. Devasthanam Trust for education of poor children and setting up hospital facilities by a popular cine star and his two friends — of Rs 51 lakh each — ahead of the cine ... More

Can logic supersede law?
While interpreting tax provisions, the principles of equity and logic are often not applied. However, two recent decisions of the Karnataka High Court have been exceptions, with both favouring the assessees, and these could turn out to be a ... More

An `output' of litigation
The loosely-worded definition of input service is generating needless and repetitive litigation over service tax credit claims. More

CREDIT POLICY
One face of the impossible trinity
The perceived irreconcilability of the three objectives — capital freedom, exchange rate maintenance and independence of monetary policy — disturbs some development economists. However, many believe emerging economies can manage them adro itly, says K. SUBRAMANIAN, explaining how the RBI views these challenges. More

INTERVIEW
`Rising interest rates will bottle up growth'
"Rate hike is coming at a wrong time when the capex cycle is at its peak. Companies are on investment mode and there will be a higher burden on them now. Higher finance cost will hit bottomlines." More

LETTERS

Why an abridged balance-sheet?

Softer policies

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Union Budget 2007-08

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Economic Survey 2006-2007

Top Stories
POSCO-India officials begin meeting people directly for land acquisition

China propels world aluminium production growth

IOC-IBP merger plan may be cleared soon

SEBI bars 7 brokers from share debut trading

Govt clears way for admissions in IIMs

Toyota-Kirloskar expansion in Karnataka hits a bump

Bharti Airtel chalks out $3.5-b investment plan

`SBI corporate loans now priced above prime lending rates'

`Investors can seriously benefit from global markets'

Looking back
Apr. 15-Apr. 21
Helping Asia meet new challenges

Lessons from the US sub-prime lending crisis

India need not fear a rising rupee

Increased reliance on CRR — No point blaming the RBI