The Hindu Business Line : Saturday, May 14, 2005

Merging into a mere circular
SETTING RULES FOR mergers of private and public sector banks makes little sense when banks cannot buy beyond 10 per cent of the paid-up capital without the nod of the Reserve Bank of India. To that extent the latest RBI Guidelines on merger of ... More

POLICY

Right to information
EVEN WITHOUT the new right to information law, the average citizen of India has been having much greater access to information following the digital revolution. Take, for example, the research that went into the writing of this piece. Tracing the ... More

TAXATION

The fluster in FBT
FBT is spinning out of control, says S. Murlidharan More

Cost accountant and the art of motorcycle valuation
OF ROADS rode I wrote, into autumn vale gleaming, golden pipes singing. Thus goes a haiku on http://motorcycles.about.com. Here's another: "Wind is in my hair, putt goes my motorcycle, o'er the hill I go." Well, if the bike went ... More

Fiscal harmony in final handshake
T. C. A. Ramanujam on the recent change to the amortisation of VRS expenditure More

An undeserved denial
Standard deduction should be reinstated, says T. N. Pandey More

FINANCIAL MARKETS

Attack of nerves hits Western markets
THERE IS an eerie nervousness in Western financial markets and this was reflected in stock markets and hedge funds moving downwards, amid investor concern about the fiscal health of the US economy, the declining value of the dollar in the ... More

INCOME TAX

Pre-conditions for settlement
The Government has not proposed any voluntary disclosure scheme, which grants immunity to tax evaders. But, then, there is no need for such a scheme because the Income-Tax Act has a set of provisions that permits a tax-payer to go before a statutoril y-constituted Settlement Commission. H. P. Ranina on the Commission and the procedures involved. More

BOOKS

Tall tax, food police, a bizarre bridge and a robber wanting your past or future
YOU PROBABLY know of John Galt in Ayn Rand's Atlas Shrugged. Here is a different JG in Ken Schoolland's story, The Adventures of Jonathan Gullible: A Free Market Odyssey. The `commentary edition' of the book from Academic Foundation ... More

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The fluster in FBT

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