The Hindu Business Line : Friday, March 02, 2007

AGRICULTURE
A harvest of platitudes for farmers
In the backdrop of the increasing number of farmer suicides, the discontent among the community against the acquisition of its land for the special economic zones (SEZs), and the niggardly rate of agricultural growth, the people at large expected ... More

BUDGET
Making a fetish of secrecy
It will be weeks before the reverberations, feeding on each other, of Budget proposals in the media, business houses, stock exchanges, investing firms, financial institutions and other economic players die down. All the Know-Alls would, by that ... More

A fund of changes for financial services
There are no major amendments or changes relating to direct or indirect tax affecting the financial services industry. The overall increase in corporate tax rates would apply to this industry too. The changes that have a bearing on this industry ... More

Not power-packed enough
The Budget does not provide any specific measures addressing the issue of cost reduction in the power sector. More

Handful for non-residents
The activities carried out by non-residents within the widened definition of `India' could trigger taxation in India. More

A boost to rural banking
The Economic Survey, released on the eve of the Budget, spoke of the high rate of credit growth. While the Budget does not spell out the precise steps to rein-in credit, the latent riskiness of certain sectors has been recognised by mentioning ... More

BUDGET IMPACT
Scope for more lustre
A total waiver of Customs duty would have substantially strengthened the position of India in the world diamond trade. More

ACCOUNTANCY
Sizing up transfer pricing regime
In India no separate assessment order of transfer pricing adjustment is required to be issued, as the order passed by the transfer pricing officer (TPO) merges with the assessment order passed by assessing officer (AO). Hence, the time limit for ... More

POLITICS
No vote for the silent majority
If the Budget was subdued and failed to enthuse Corporate India vis-à-vis further economic reforms, focussing instead on the silent majority — the small or landless farmers or the millions who cannot give their children a decent educatio n — so be it. Only, the government must ensure delivery if it is not to face further political setbacks as it did in Punjab and Uttarakhand, says RASHEEDA BHAGAT. More

LETTERS

Housing cost

Farm focus

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