The Hindu Business Line : Thursday, March 08, 2007

FOREIGN RELATIONS
As the US mounts pressure — Musharraf embarks on Iranian containment
Even as some of our television channels are asserting that the Pakistani President, Gen Pervez Musharraf, is India's "best bet" for peace and harmony in the region, scholars in Pakistan seem to think otherwise. In his book Frontline ... More

EDITORIAL
Haunted by inflation
If the UPA Government has mere budgetary platitudes for inflation, it faces a pretty hot summer ahead. More

ACCOUNTANCY
The E`sob'story
The incongruity of the tax basis arises largely from the fact that, unlike in any other country, India now seeks to tax the employer for a benefit/income which accrues to the employee, most of it without the employer having granted it or having any c ontrol over it. More

One chance to come clean
One cannot hereafter wake up and seek the sanctuary of the Settlement Commission after the assessing officer has caught him with his pants down, vide his assessment order. More

DDT: Whither the level-playing field?
The Dividend Distribution Tax (DDT) is proposed to be increased to 15 per cent by the Finance Bill, 2007 with effect from April 1. Before this proposed amendment, companies were liable to pay DDT at 12.5 per cent plus surcharge and education cess ... More

INTERVIEW
Budget has little for corporate restructuring
Fiscal policy can definitely give a direction to the M&A process through constant appraisal in the light of corporate practices in changing times. MR P. K. VIJAYARAGHAVAN, ASSOCIATE DIRECTOR, PRICEWATERHOUSECOOPERS PRIVATE LTD edit_quote_author> More

RETAILING
Retail revolution — Trading away the livelihood of millions?
India's progress cannot be measured by the footfalls in the malls. That may be stepping on the livelihood of more than 30 million small and medium traders. Instead of allowing large retail chains, the Government can try to make the lives of the margi nalised segment easy, says R. VAIDYANATHAN. More

BOOKS
Efficiency is associated with competition
The Government seems to be in no hurry to make operational the Competition Act, 2002, but a new book on the subject is optimistic the powers that be will get their Act together `within a short period'. The law that we have on statute books is a ... More

LETTERS

Measure for measure

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Union Budget 2007-08

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Looking back
Feb. 25-Mar. 3
Rlys catches on to volumes game

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Long on intent, short on content