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Saturday, April 04, 2009
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OPINION

AUTOMOBILES: GM: No easy solutions
President Obama’s response to the US auto industry’s request for additional support has been characterised as tough love. The much larger bailout of investment banks last quarter was read as government indulging big business. Yet, ...

INCOME TAX: Political donations as tax saver
With elections round the corner, there is a clamour for funds. Hence, it could be of interest for those who wish to make donations to political parties to know what savings they would be making in their income-tax assessments by ...

TAXATION: The water tanker effect
The Income-Tax Act, 1961, more specifically Section 9 thereof, is the bugbear of non-residents and the between-the-two-stools category called not-ordinarily-residents. If it raises the hackles of foreign companies endowed with cutting ...

INCOME TAX: Tax paid, but filing of returns delayed
Taxpayers are expected to file their returns of income within the prescribed time. The income-tax department expects the process of filing the return to be completed by March of the financial year. Since limitation sets in for completion ...

BOOKS: Green tax is no licence to destroy nature
Green taxes are effective in discouraging the excessive consumption of natural resources, observes P. B. Sahasranaman in Handbook of Environmental Law ( ...

EDITORIAL: Gains from G-20
The G-20 London summit could turn out to be an important milestone in the evolution of the global economy. The leaders went into the meeting with the air vitiated by a rift between those who wanted a further injection of funds to kick-start ...

ACCOUNTING STANDARDS: MTM — cause or effect?
Not for the first time, accounting has become the whipping horse for a crisis that has engulfed the global financial system. Mark to market (MTM) accounting has been blamed for precipitating the credit crisis by many, and calls for its ...

LETTERS: Stronger democracy
“Is Indian democracy representative” (Business Line, April 3) was interesting. Increasing the number of seats in proportion to a larger population may make Parliament more representative. But will it make ...

LETTERS: Nuclear issues
“Nuclear issues: Face-off with Obama Administration” (Business Line, April 2) provided a good analysis. These issues need to be pressed with greater vigour than what appearances ...


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




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Markets (April 3)
Nifty (on April 2)3214.15(+153.80)
US Dollar (Buy/Sell)50.34/35
Brent crude (a bbl) Rs2,603
Gold (a gram) Rs1,390
Silver (a kg) Rs22,645


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