The Hindu Business Line : Saturday, February 07, 2009

OPINION

ROADWAYS: Systemic approach to a better transport system
The Theory of Constraints (TOC) is a business philosophy invented by Israeli physicist and management specialist Dr Eliyahu Goldratt in the 1980s. The theory is all about striving to achieve the global objective or the “goal” of ...

INTERVIEW: Challenge of recession to aggressive transfer pricing
Across the globe, there has been a substantial increase in transfer pricing (TP) audits and disputes, observes Mr Rohan K. Phatarphekar, Executive Director & National Head, Global Transfer Pricing Services, KPMG ...

TAXATION: A harsh ruling for share dealers
Finance Act, 2001, introduced Section 14A in the Income-Tax Act 1961, providing for disallowance of expenditure in relation to income which does not form part of total taxable income. The Section has already generated enough controversies. ...

EDITORIAL: A third stimulus?
For the last two days policymakers have been hinting variously about a third stimulus package in the forthcoming interim budget. On Wednesday, Mr Montek Singh Ahluwalia, deputy chairman of the Planning Commission, asserted the need for booster ...

TAXATION: Unabsorbed depreciation
Depreciation denotes diminution in value of asset due to its use. Depreciation is allowable where the taxpayer has income under the head ‘business or profession’ or has income from ‘other ...

TAXATION: Why dividend should be on net worth
The Securities and Exchange Board of India (SEBI) has decided to call upon listed companies to express dividend not as a percentage of the par value of a share as hitherto but in absolute terms, that is, as so many rupees per share. The debate ...

BOOKS: Tales of taxman's success?
A laudable first from the much-despised taxman is Let us Share, a compilation of best practices and orders of the Income-Tax Department (www.incometaxindiapr.gov.in). Interestingly, the book is the result of what began as an internal exercise ...

LETTERS: Rules for politicians
There should not be more than two MPs/MLAs etc. in a family (which should be ...

LETTERS: Banking solutions
The article “Bank chiefs in quest of solutions” (Business Line, February 2) was enlightening. Core banking service, as the author has put it, has its over-centralisation aspects. Besides, none of the public ...

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 • S Venkitaramanan

Comments & Letters to the Editor to: bleditor@thehindu.co.in
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Markets (Feb 06)

Nifty (at close)	2,843.10(+63.05)
US Dollar (Buy/Sell)	48.68/69
Brent crude (a bbl) Rs	2,227
Gold (a gram) Rs	1,317
Silver (a kg) Rs	21,735

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Looking back
Jan. 25-Jan. 31
Mission on India@75

Where money has new meaning

Keeping flexibility intact