The Hindu Business Line : Saturday, February 28, 2009

OPINION

EDITORIAL: Try something else
Protecting customer choice is the most important mandate of any regulator, and it is a task that the Telecom Regulatory Authority of India (TRAI) has taken all too seriously as it outlined this week guidelines for preventing any one ...

ECONOMY: Centre’s stimulus, RBI’s headache?
After repeated announcements since January when the second stimulus plan was unveiled that there would be no more relief measures, key policymakers have suddenly discovered a rich lode of opportunity waiting to be mined before the Code of ...

TAXATION: Education in ‘commercial’ sweep
Vide Notification No. 7/2003 dated June 20, 2003, service tax has been imposed on “commercial training or coaching centre”, which phrase has been defined in Section 65(27) of the Finance Act, 1994. To fall under this category ...

TAXATION: Get cracking on evaders
Before the presentation of the Interim Budget, there was eager anticipation that direct tax stimuli would be provided because of the troubles facing India Inc.. Surprisingly, apart from higher deprecation for commercial vehicles, provided ...

TAXATION: Tax on loan waived
When an expenditure payable is waived subsequently, resulting in refund or benefit to the assessee, it is taxable as income. The expenditure might have been paid out and hence refunded or the expenditure is recorded in the books as ...

TAXATION: New life to book losses
The slowdown, it seems is all engulfing. Even as the signs of economic slowdown are evident across sectors, a few companies are launching a spirited counteroffensive by resorting to a slew of initiatives, such as cost cutting, process ...

TAXATION: Jingle sounds death knell
The US is perhaps the only country to protect a borrower from personal liability for the amount he owes to the lender, a feature known as non-recourse borrowing. A mortgage finance company in the event cannot gun after him in case the current ...

FINANCIAL MARKETS: Challenges before governments
Global Financial Crisis. From time to time in human history there occur events of seismic significance, when one orthodoxy is overthrown and another takes its place. Today, the scale of the global financial crisis demands that we re-evaluate the ...

LETTERS: Hike in DA
The 6 percentage point hike in Dearness Allowance of Central Government employees is a needless move that will cost the exchequer a whopping Rs 6,000 crore at this time of fiscal deficit. This brings the DA payable to the beneficiaries from ...

LETTERS: Perseverance pays
The article ‘Fruits of hard labour’ (Business Line, February 23), pertaining to the story of Mr Vishwasrao Kachare, encapsulates the dictum “Perseverance pays” and the philosophy “Do your ...

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 27)

Nifty (at close)	2,763.65(-22.00)
US Dollar (Buy/Sell)	51.10/12
Brent crude (a bbl) Rs	2,314
Gold (a gram) Rs	1,391
Silver (a kg) Rs	22,910

In Focus
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Feb. 15-Feb. 21
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