The Hindu Business Line : Saturday, October 11, 2008

OPINION

EXPORTS & IMPORTS: BoP situation set to change
India’s banking sector, by virtue of being largely government-controlled and conservatively managed, seems to have escaped the worst of the financial crisis. But as a result of the meltdown and its impact on world economic growth, we ...

INTERVIEW: Averting double tax in EPC
Appropriate structuring of EPC (engineering, procurement and construction) contracts is essential to minimise both direct and indirect tax costs, says Mr Satish Aggarwal, Partner, Ernst & Young. He suggests that the ...

TAXATION: Depreciation: The user test
Depreciation allowance is a concession granted by the state in the computation of income based on very many factors relevant to a wholesome fiscal administration. It represents diminution in the value of the asset when applied to making profits ...

TAXATION: When ad-hocism pays
The MRP based excise regime may at first blush, like most of the presumptive taxation schemes, appear ham-handed. But even the industries and products roped in by the regime are not complaining what with generous abatement varying from product ...

TAXATION: Stamp duty value
Sale of immovable property being only land or both land and building requires documentation and registration with the State registration department. For the purpose of collecting stamp duty on such immovable property transfers, some ...

EDITORIAL: Time for booster shots
On Friday afternoon, the Finance Minister, Mr P. Chidambaram assured the nation that the liquidity problem was being addressed by the Reserve Bank of India (RBI) that had cut the cash reserve ratio (CRR) once again to 7.50 per cent, releasing ...

LETTERS: Bad cheques
The article “A bad cheque that will bounce” (Busines Line, October 8) lists the travails of farmers in Nashik, who need our ...

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Markets (Oct 10)

Nifty (at close)	3279.95(-233.70)
US Dollar (Buy/Sell)	49.16/17
Brent crude (a bbl) Rs	3,902
Gold (a gram) Rs	1,284
Silver (a kg) Rs	20,395

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