The Hindu Business Line : Saturday, January 03, 2009

OPINION

CREDIT MARKET: Micro-finance needs regulated growth
With about 180 million poor households in India, poverty alleviation commands a significant portion of our policy-makers’ attention. Financial inclusion is widely accepted as a crucial step in this direction. In the past few years, the RBI ...

TAXATION: Time to revisit dividend taxation
Taxation of dividends has given rise to an age-old controversy. The classical system taxes dividends in the hands of shareholders. It was thought that this was unfair. Profits distributed by companies have already been taxed. Why tax it again in ...

TAXATION: Powers to grant extralegal benefits
Courts have been divided over the issue of whether bodies constituted by the Central Government such as the CBDT/CBEC (Central Board of Direct Taxes/Central Board of Excise and Customs) can, through circulars and instructions, confer benefits ...

TAXATION: Omission in law benefits taxpayers
Destruction of capital asset and the amount received from the insurance company, whether liable to tax, is presently covered by Section 45(1A). This provision was inserted by the Finance Act, 1999 and it operates from the assessment year ...

EDITORIAL: Widening trade deficit
Various data on external trade and capital flows for the April to November period point to some disquieting trends over the remaining part of the current fiscal. Exports declined 10 per cent in November compared to the previous year; this ...

TAXATION: NHB’s bewildering guidelines
The Finance Act, 2008 has pulled out all stops to make reverse mortgage of house property palatable from the taxation standpoint as far as the borrower is concerned: no tax at all either by way of capital gains tax nor by way of tax on the ...

LETTERS: Gujarat SEZs
Even as the world is reeling under the global economic slowdown, with its inevitable fallout on India, there seems to be little impact on Gujarat and its economy, and the credit for this should largely go to the Special Economic Zones ...

LETTERS: Too much intervention
As a person who follows the banking industry and the economy in general, I really appreciate the article written by Dr S. S. Tarapore (“Challenges before the RBI,” Business Line, January 2). I do believe there ...

BOOKS: Water taxes in colonial India
Colonial rule redefined property relationships, writes David Hardiman in The politics of water in Colonial India, a chapter in Water First: Issues and challenges for nations and communities in South Asia, edited by Kuntala ...

Columnists: • C Gopinath • Harish Bijoor • G Chandrashekhar • S Murlidharan • Sharad Joshi • Mohan Murti • S Balakrishnan • Bharat Savur • B S Raghavan • Ganesh Challa • Bhanoji Rao • Swati • T Banusekar • Ramanujam Sridhar • Ranabir Ray Choudhury • Rasheeda Bhagat • P.V. Indiresan • P Devarajan • S Muralidhar • R K Raghavan • B Venkatesh

Comments & Letters to the Editor to: bleditor@thehindu.co.in
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Markets (Jan 02)

Nifty (at close)	3046.75(+13.30)
US Dollar (Buy/Sell)	48.55/60
Brent crude (a bbl) Rs	1,853
Gold (a gram) Rs	1,247
Silver (a kg) Rs	19,235

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