The Hindu Business Line : Friday, March 09, 2007

EDITORIAL
High and dry
The irrigation potential has remained unrealised and there is nothing to suggest that this is likely to change anytime soon. More

BUDGET
Budget: An incremental approach
A great opportunity had presented itself to the Government. GDP was growing at 9 per cent, savings at 32 per cent and investment at 34 per cent of GDP and buoyant tax revenues scaling all-time high. What was needed was a bold structural transformatio n to change the course of the economy. More

ECONOMY
Budget: Needed outcomes, not outlays
The the Budget may now be a non-event for many, especially as major policy initiatives such as on FDI (foreign direct investment), pension reforms or PSU disinvestment no longer form a part of the Budget exercise. Nonetheless, to understand the ... More

New ways of measuring growth
A country's state of development is normally a function of its economic growth which, in turn, is measured all over the world by means of gross domestic product (GDP). But is GDP all? The President, Mr A. P. J. Abdul Kalam, does not think so. ... More

ENVIRONMENT
Duty-free coking coal imports — A blow to environment
The Finance Minister's statement that India will continue not to be a major contributor to greenhouse gases is contradicted by his concession to coal importers. More

FOREX
Foreign exchange reserves — Is the glass half full or half empty?
With India's forex reserves inching towards the $200-billion mark, there is the view that the cornucopia should be used more effectively, in creating infrastructure. Rather than do that, the Government ought to revamp the regulatory framework and all ow investors to realise the true potential of the infrastructure sector, says ASHOAK UPADHYAY. More

TAXATION
How FMs have been spraying Budgets with DDT
Successive Finance Ministers have realised that measured spraying of DDT — Dividend Distribution Tax — in Budgets is like providing a huge tax net over an entire corporate sector. More

ECONOMICS
What's so great about gold?
The evolution of money and the need for a common medium of exchange are lucidly brought out in the article "Why money must be gold-plated'' (Business Line, February 28). But the author's wish to go back ... More

LETTERS

A Budget of limited imagination

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E-paper anouncement

Union Budget 2007-08

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Looking back
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Long on intent, short on content