The Hindu Business Line : Saturday, January 13, 2007

EDITORIAL
Investing in farm projects
Investments will flow into the farm sector only when there are enabling policies that ensure its healthier growth rate. More

ECONOMY
RBI study of State finances — Persist with fiscal correction and consolidation
The RBI's suggestions would go a long way in committing resources for productive investments in real sectors of the economy to ensure higher employment and asset creation on a lasting basis. More

TAXATION
VAT effect on leasing
There are two major reasons why financial leases should be treated on a par with hire purchase for computation of VAT liability. More

Needed, more tax breaks for salaried
The maximum marginal rate of tax should be made applicable only to incomes above Rs 10 lakh. More

A key ruling on turnkey contracts
The nature of the contract should not be construed through the prism of the taxing provisions More

Balancing old laws and new technology
Year 2006 was a landmark for indirect taxes, because the judgments given by the apex court unshackle a few assumptions, notions and presumptions held by both the Revenue and the trade. MR D. ARVIND, DIRECTOR, INDIRECT TAX DEPARTMEN T, DELOITTE HASKINS & SELLS, MUMBAI More

ECONOMIC OFFENCES
Taking value out of black money
Demonetising high value notes and a well-devised plan of exchange can address the stock and flow problems of black money. Simultaneously, it should also be made an offence for any trader or service provider to refuse to accept cheques/credit cards, s ays R. VISWANATHAN, and suggests a note-exchange plan too. More

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Revenue Dept notifies timelines for 100% EOU activities

Fall in crude prices may affect bio-fuel industry

Airlines plan more off-season cheap tickets

`Inflation a concern, but within expectations'

Forex reserves down $666 m

Maharashtra likely to gain from lifting of sugar ban

`Vibrant Gujarat' signs 104 MoUs worth Rs 2.5 lakh cr

Looking back
Dec. 31-Jan. 6
Thoughts on New Year's Day

Tasks for the year ahead

Revitalising the farm sector

The index of commodity futures investing