The Hindu Business Line : Saturday, August 26, 2006

EDITORIAL
Directed banking
The Finance Ministry and the RBI will continue to revel in their two-in-one role while reducing the public stakeholders to ball boys. More

TAXATION
When does manufacture take place?
As manufacture is not defined in law, recourse must be taken to various judicial interpretations to understand what it means More

The differently-abled and an indifferent taxman
The case of Kirti M. Kothari that came up before the Bombay High Court recently was different. On one side was `a disabled person suffering from polio, whereby his left arm was affected,' and on the other was the taxman, ... More

The cost of infraction of law
A contract stipulating a percentage as fees is not prohibited by law More

When cure is better than prevention
About a decade ago, the Supreme Court refused to halt Hindustan Lever Ltd's M&A (mergers and amalgamations) juggernaut, which according to the petitioners, threatened to make HLL the monopolist in the FMCG sector. The Supreme Court adopted a ... More

FOREIGN DIRECT INVESTMENT
Why FDI eludes India
India has all the right ingredients to attract large FDI flows, but if such investment is still slow to come in, it is because of the shortcomings on the infrastructure, labour law and procedural fronts. More

TRENDS
Voices from the reading class
Not many children cherish school these days. Neither did we in our time, but there were interludes that were fun while they lasted. One such was the reading class. Everyone enjoyed the reading hour, except for ... More

BOOKS
The world of those on the move
The greatest percentage increase in the unauthorised immigrant population to the US between 2000 and 2005 was from India reveals World Migration 2005: Costs and Benefits of International Migration. International Social Work: Issues, Strategies, and P rograms discusses the plight of forced migrants. Sociology for the Changing World goes on to expose how globalisation is complicit to illegal migration. And, finally, Exile and Belonging dwells on India's experience with population flows. More

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