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OPINION
TAXATION:
Foreign VC fund norms on radar
At an Assocham-organised event at the launch of the Venture Capital Association of India, a senior Finance Ministry official spoke of developing a mechanism to regulate foreign venture capital funds (VC funds) and private equity funds , ...
TAXATION:
Levying penalty in loss cases
Remember the raging judicial controversies about levying penalty for concealment in cases where the return declares a loss and not a positive income. The assessing officer (AO) re-computes the loss and arrives at a lower figure of loss than ...
TAXATION:
CBDT’s instructions being ignored?
Section 119(1) provides, in unmistakable terms, that every officer and person employed in the execution of the Act shall observe and follow the orders, instructions and directions of the Board. Circulars issued by the Board are, thus, ...
EDITORIAL:
Bonding with Asean
There is little doubt that the just concluded Free Trade Agreement (FTA) between India and the Asean group of countries will increase the volume of bilateral trade in goods substantially. The current trade between the two entities of around $38 ...
ECONOMY:
Monetary policy intervention — Battling inflation with rhetoric
When a select group of CEOs of member-companies of the CII met the Finance Minister, Mr P. Chidambaram, recently, the least they expected was a shoulder to cry on; interest rates were pushing up costs, power and raw material shortages were ...
SOCIETY & DEVELOPMENT:
Repaying one’s debt to society
He is a tall lean man in his mid-fifties looking ten years older. Unmindful of his fragile health, he is out to repay the society’s debt. He has chosen social service as the best means. Harishchandra Sude had left his teaching job 25 ...
LETTERS:
Skill development
This has reference to your editorial titled “Building skills” in the (Business Line, August 29). Skills and talents must be developed in all spheres of activities and across all sectors, on a national scale. We ...
LETTERS:
Fiscal profligacy
The article “Fiscal profligacy, cause of inflation” has correctly pointed out that the root cause of soaring inflation in the country is the reckless deficit spending the Centre has resorted to over the past two years (
BOOKS:
Effectiveness of environmental taxes
Factories in China pump pollution into the air and waterways, without having to pay for the impact of their activity on the environment. Shoppers in Tokyo or New York eat their lunch out of throw-away plastic containers, and they put the ...
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