The Hindu Business Line : Saturday, December 20, 2008

OPINION

CORPORATE GOVERNANCE: L’affaire Satyam
Maytas is a palindrome for Satyam. It has now turned out to be a syndrome for India’s corporate governance. The Satyam Computer affair is a corporate board’s attack on Indian investors, not very different from the terror attack ...

ECONOMY: Will the revival package work?
The authorities have released massive amounts of money through monetary and fiscal measures to give the economy a fillip. There are many predictions on Gross Domestic Product growth this year ranging from 6 to 8 per cent. One does not know how ...

TAXATION: Hasty conclusions, futile results
The power to search is the ultimate power vested in the income-tax authority. It is meant to be used sparingly and effectively in important cases. Officers entrusted with the task of processing search and seizure cases are expected to be ...

TAXATION: Initiating penalty proceedings
The Income-Tax Act of 1961 has several sections dealing with penalty being levied for various non-compliances. In fact, a separate chapter deals with various penal provisions under the I-T Act.Section 271(1)(c) deals with levy of penalty ...

TAXATION: Indirect tax issues in fiscal package
The multidimensional stimulus package recently announced by the Government includes several noteworthy components on indirect taxes. Foremost amongst them is the reduction of the ad valorem excise duty rates on nearly ...

TAXATION: The buyback season
Sometimes even a blatant mistake or inequity doesn’t stand out in normal times — it takes extraordinary times, may be a crisis, to highlight the enormity of the mistake or inequity. Exemption from Dividend Distribution Tax (DDT) ...

EDITORIAL: Avoidable turbulence
It should surprise no one that the States have unanimously rejected the Centre’s proposal of granting “declared goods” status to aviation turbine fuel (ATF) to help revive the airline industry. For quite a while, the major ...

BOOKS: Financing entrenched problems
Widespread disability or morbidity due to illiteracy, malnutrition, or absence of health services, though familiar for long, are no less serious than the emergencies for which surcharges are levied, argues Mihir Rakshit in Money and Finance in ...

LETTERS: SEZ projects
The economic meltdown is the major threat today for all sectors. Though the government has announced a bailout package, it can at best be a temporary measure. The economy will ultimately have to stand on its own ...

LETTERS: Corporate governance
This refers to the editorial “Whither Corporate Governance” (Business Line, December 18).There is a strong tendency for large corporates to take investors for granted and the case of Satyam’s proposed ...

LETTERS: WTO’s image
This has reference to the editorial “WTO on hold” (Business Line, December 19). The WTO was instrumental for the substantial gains made by the developing and developed economies. Only economists from ...

Columnists: • C Gopinath • Harish Bijoor • G Chandrashekhar • S Murlidharan • Sharad Joshi • Mohan Murti • S Balakrishnan • Bharat Savur • B S Raghavan • Ganesh Challa • Bhanoji Rao • Swati • T Banusekar • Ramanujam Sridhar • Ranabir Ray Choudhury • Rasheeda Bhagat • P.V. Indiresan • P Devarajan • S Muralidhar • R K Raghavan • B Venkatesh

Comments & Letters to the Editor to: bleditor@thehindu.co.in
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Markets (Dec 19)

Nifty (at close)	3077.50(+16.75)
US Dollar (Buy/Sell)	47.28/29
Brent crude (a bbl) Rs	2,102
Gold (a gram) Rs	1,204
Silver (a kg) Rs	18,720

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