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Friday, July 10, 2009
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OPINION

BUDGET: Other side to ‘borrow-and-spend’
Mr Pranab Mukherjee’s Union Budget 2009-10 has been lampooned by many as a ‘borrow-and-spend’ exercise. This is worse than a ‘tax-and-spend’ Budget, in which there is some basic correspondence between what ...

EDITORIAL: Borrowing gamble
If one has to borrow Rs 45 in order to pay a bill of Rs 100, one must be seriously worried about the state of one’s finances. That is the predicament of the Government of India. With a projected borrowing of Rs 4,51,000 crore and a ...

RAILWAY BUDGET: Rail budget sidetracks freight
With a slew of populist measures and absence of any bold new initiatives, the Railway Budget presented by Ms Mamata Banerjee clearly falls short of expectations. Leaving fares and freight untouched appears prudent for now since the economy is ...

BUDGET: Rain check for the Budget party
Forecasting is very difficult, especially when it concerns the future. — ...

AIRLINES: Turning around Air India
The Civil Aviation Minister, Mr Praful Patel, is frantically casting about to put Air India (AI) back on the rails. It is not as if he has been confronted with a sudden crisis. There was no dearth of signals for as long as one can look back ...

LETTERS: Realistic restructuring
The Budget 2009 has been a realistic attempt at restructuring a few structural anomalies. It simplified procedures in respect of small businesses with turnover up to Rs 40 lakh. They could declare their income at the rate of 8 per cent of ...

LETTERS: Revenue-neutral
The Budget is revenue neutral in several senses. The increase in MAT and the scrapping of the FBT will prove revenue-neutral, both for the Government ...


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 S Venkitaramanan




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Markets (July 09)
Nifty (at close)4,080.95 (+ 2.05)
US Dollar (Buy/Sell)48.73/74
Brent crude (a bbl) Rs3,000
Gold (a gram) Rs1,352
Silver (a kg) Rs22,410


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