The Hindu Business Line : Saturday, February 24, 2007

BUDGET
Budget and currency stability
Apt fiscal policies and certainty about fiscal soundness have a big impact on the rupee's strength and stability. Currency instability is set off when the growth rate and purchasing power rise become uncertain. The Budget will thus have to be designe d such that these factors become certain. They cannot be accidental or coincidental, says G. RAMACHANDRAN. More

FOREIGN TRADE
Can India become an EU member?
The European Union is a unique success story and thus many countries are queuing up to join it. Starting from six countries in 1951, it now has 27 members with many more set to join. One question raised to the ... More

TAXATION
The hand that determines arm's length price
The Assessing Officer is the authority to finalise the assessment and that power cannot be usurped by the Transfer Pricing Officer or any other authority, contrary to the scheme of the I-T Act. More

Why squeeze more out of corporates?
Ideally, distribution tax should be allowed to be carried forward infinitely for set off against the actual tax liability. As it is, to the extent of distribution tax, there is indeed a double taxation. More

Homing-in on taxing house property
There is bound to be a time gap between a loan getting sanctioned and the final amount getting disbursed, and tax laws should not utilise this gap to their advantage. More

INTERVIEW
India is sometimes called the `build-forget-rebuild' economy
The Finance Minister must provide incentives to private companies to engage more in public-private partnerships in infrastructure projects, such as roads, ports and airports. DR SUNIL RONGALA, GROUP ECONOMIST, MURUGAPPA GROUP. More

Medicines as `merit' goods
"After the sulk feeling of being relatively left out in Budget 2006, the pharma and biotech players are hoping that Budget 2007 will address their key demands," says Mr Hitesh Sharma, Partner, Ernst & .. More

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